# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0001752724-23-073309
**Filing Date:** 2023-3
**Character Count:** 41337
**Document Hash:** 85d18d20b5b8b1df281d4cbe5d42e95d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-073309.hdr.sgml**: 20230330

**ACCESSION NUMBER**: 0001752724-23-073309

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230330

**DATE AS OF CHANGE**: 20230330

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **CENTRAL INDEX KEY:** 0000885709
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06625
- **FILM NUMBER:** 23778184

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 2136251900

**MAIL ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDENFUNDS
- **DATE OF NAME CHANGE:** 20010423

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **DATE OF NAME CHANGE:** 19940104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** P&R INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### Payden Equity Income Fund (Series ID: S000011766)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000032191 | Payden Equity Income Fund (Investor Class) | PYVLX           |
| C000110231 | Payden Equity Income Fund (Adviser Class)  | PYVAX           |
| C000146917 | Payden Equity Income Fund (SI Class)       | PYVSX           |

## Nport-Ex

#### Payden

#### Equity

#### Income

#### Fund

#### Schedule

#### of

#### Investments
*-* 

*January* 

*31,* 

*2023* 

(Unaudited)

Principal

or

Shares

Security

Description

Value

(000) Stocks

(95%)

Common

Stock

(91%)

Communication

Services

(4%)

70,200

Alphabet

Inc.,

Class

A (a)

$

6,939

651,500

AT&T

Inc.

13,271

307,900

Comcast

Corp.,

Class

A

12,116

74,700

Nexstar

Media

Group

Inc.

15,296

125,200

Walt

Disney

Co. (a)

13,583

61,205

Consumer

Discretionary

(5%)

2,900

AutoZone

Inc. (a)

7,073

220,800

Cie

Generale

des

Etablissements

Michelin

SCA (b)

6,950

65,400

Home

Depot

Inc.

21,201

83,300

McDonald's

Corp.

22,274

108,200

Target

Corp.

18,626

76,124

Consumer

Staples

(9%)

123,200

Archer-Daniels-Midland

Co.

10,207

346,400

Coca-Cola

Co.

21,241

37,900

Costco

Wholesale

Corp.

19,372

266,300

General

Mills

Inc.

20,867

109,300

Mondelez

International

Inc.,

Class

A

7,153

127,200

PepsiCo

Inc.

21,754

100,594

Energy

(11%)

117,100

Chesapeake

Energy

Corp.

10,155

142,900

Chevron

Corp.

24,867

167,800

Devon

Energy

Corp.

10,612

251,500

Enbridge

Inc. (b)(c)

10,304

729,700

Enterprise

Products

Partners

LP

18,680

375,600

EQT

Corp.

12,271

173,900

Exxon

Mobil

Corp.

20,174

135,600

Phillips

13,597

293,900

Tourmaline

Oil

Corp. (b)

13,697

325,100

Williams

Cos.

Inc.

10,481

144,838

Financials

(16%)

55,300

Ameriprise

Financial

Inc.

19,362

193,100

Arthur

J

Gallagher

&

Co.

37,794

512,700

Bank

of

America

Corp.

18,191

109,200

BNP

Paribas

SA (b)

7,467

130,400

Chubb

Ltd.

29,665

270,600

Citizens

Financial

Group

Inc.

11,722

51,900

Goldman

Sachs

Group

Inc.

18,986

151,800

JPMorgan

Chase

&

Co.

21,246

388,800

MetLife

Inc.

28,390

201,000

Morgan

Stanley

19,563

214,500

Toronto-Dominion

Bank (b)

14,841

227,227

Healthcare

(16%)

184,600

Abbott

Laboratories

20,408

92,400

AbbVie

Inc.

13,652

309,900

Bristol

Myers

Squibb

Co.

22,514

233,100

CVS

Health

Corp.

20,564

71,400

Danaher

Corp.

18,877

51,600

Elevance

Health

Inc.

25,800

79,100

Eli

Lilly

and

Co.

27,222

93,100

Johnson

&

Johnson

15,214

270,200

Merck

&

Co.

Inc.

29,022

354,300

Pfizer

Inc.

15,646

Principal

or

Shares

Security

Description

Value

(000) 43,700

UnitedHealth

Group

Inc.

$

21,815

230,734

Industrials

(12%)

96,200

Eaton

Corp.

PLC

15,605

136,200

Emerson

Electric

Co.

12,288

87,900

General

Dynamics

Corp.

20,486

163,000

ITT

Inc.

14,929

311,200

Johnson

Controls

International

PLC

21,650

77,700

Raytheon

Technologies

Corp.

7,758

167,100

Republic

Services

Inc.

20,857

89,500

Schneider

Electric

SE (b)

14,432

116,100

United

Parcel

Service

Inc.,

Class

B

21,505

149,510

Materials

(3%)

84,100

CF

Industries

Holdings

Inc.

7,123

94,800

DuPont

de

Nemours

Inc.

7,010

60,600

FMC

Corp.

8,068

47,000

Nucor

Corp.

7,944

30,145

Technology

(10%)

333,200

Amdocs

Ltd.

30,631

134,300

Apple

Inc.

19,378

26,800

Broadcom

Inc.

15,678

214,700

Cisco

Systems

Inc.

10,449

194,800

Corning

Inc.

6,742

99,100

International

Business

Machines

Corp.

13,352

87,800

Microsoft

Corp.

21,758

121,500

Oracle

Corp.

10,748

59,100

Paychex

Inc.

6,847

97,500

Texas

Instruments

Inc.

17,278

152,861

Utilities

(5%)

237,400

American

Electric

Power

Co.

Inc.

22,306

170,400

Duke

Energy

Corp.

17,458

415,600

NextEra

Energy

Inc.

31,016

70,780

Total

Common

Stock

1,244,018

Preferred

Stock

(0%)

130,000

Selective

Insurance

Group

Inc.,

B

4.60%(d)

2,422

Total

Preferred

Stock

2,422

Real

Estate

Investment

Trust

(4%)

48,000

Crown

Castle

Inc.

7,109

118,200

Prologis

Inc.

15,281

129,900

Simon

Property

Group

Inc.

16,687

293,100

VICI

Properties

Inc.

10,018

Total

Real

Estate

Investment

Trust

49,095

Total

Stocks

(Cost

-

$1,150,453)

1,295,535

Corporate

Bond

(1%)

6,000,000

General

Motors

Financial

Co.

Inc.

B,

(3

mo.

LIBOR

USD

+

3.436%),

6.50% (c)(d)(e)

5,637

2,800,000

Land

O'

Lakes

Inc.

144A,

7.00% (c)(d)(f)

2,481

9,000,000

SVB

Financial

Group

E,

(10

yr.

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

3.064%),

4.70% (c)(d)(e)

6,930

Total

Corporate

Bond

(Cost

-

$16,323)

15,048

#### Payden

#### Mutual

#### Funds

#### Payden

#### Equity

#### Income

#### Fund
*continued*

Principal

or

Shares

Security

Description

Value

(000) Investment

Company

(2%)

26,968

Payden

Cash

Reserves

Money

Market

Fund\*

(Cost - $26,968)

$

26,968

Total

Investments

(Cost

-

$1,193,744)

(98%)

1,337,551

Other

Assets,

net

of

Liabilities

(2%)

26,752

Net

Assets

(100%)

$

1,364,303

\*

Affiliated

investment.

(a) Non-income

producing

(b) Principal

in

foreign

currency.

(c) All

or

a

portion

of

these

securities

are

on

loan.

At

January

31,

2023,

the

total

market

value

of

the

Fund's

securities

on

loan

is

$8,286

and

the

total

market

value

of

the

collateral

held

by

the

Fund

is

$8,394.

Amounts

in

000s.

(d) Perpetual

security

with

no

stated

maturity

date.

(e) Floating

rate

security.

The

rate

shown

reflects

the

rate

in

effect

at

January

31,

2023. (f) Security

offered

only

to

qualified

institutional

investors,

and

thus

is

not

registered

for

sale

to

the

public

under

rule

144A

of

the

Securities

Act

of

1933. It

has

been

deemed

liquid

under

guidelines

approved

by

the

Board.

#### Open

#### Forward

#### Currency

#### Contracts

#### to

#### USD
Currency

Purchased

(000s)

Currency

Sold

(000s)

Counterparty

Settlement

Date

Unrealized

Appreciation

(Depreciation)

(000s)

Assets:

CAD

15,099

USD 11,155

Citibank,

N.A.

03/15/2023

$

CAD

47,860

USD 35,877

HSBC

Bank

USA,

N.A.

03/15/2023

EUR

1,003

USD 1,093

Citibank,

N.A.

03/15/2023

JPY

2,098,393

USD 16,044

HSBC

Bank

USA,

N.A.

03/15/2023

USD

78,065

CAD 101,477

HSBC

Bank

USA,

N.A.

03/15/2023

1,774

2,250

Liabilities:

USD

1,052

EUR 1,024

Citibank,

N.A.

03/15/2023

(65) USD

GBP 115

HSBC

Bank

USA,

N.A.

03/15/2023

(7) USD

15,006

JPY 2,162,115

HSBC

Bank

USA,

N.A.

03/15/2023

(1,704)

USD

28,608

EUR 26,362

State

Street

Bank

&

Trust

Co.

03/15/2023

(131) (1,907)

Net

Unrealized

Appreciation

(Depreciation)

$343

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** PAYDEN & RYGEL INVESTMENT GROUP

- **b. Investment Company Act file number:** 811-06625

- **c. CIK number of Registrant:** 0000885709

- **d. LEI of Registrant:** 549300QJNYRKYZS3P282

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 333 South Grand Avenue

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

  - **Telephone number:** 213-625-1900

**Item A.2. Information about the Series.**

- **a. Name of Series:** Payden Equity Income Fund

- **b. EDGAR series identifier (if any):** S000011766

- **c. LEI of Series:** 549300L8QNASEIIT7I11

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1375183815.55

**Total Liabilities:** $10911228.72

**Net Assets:** $1364272586.83

**Cash Not Reported:** $3990372.90

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000032191 | 5.14%                | -4.96%               | 1.37%                |
| Class ID C000146917 | 5.14%                | -4.94%               | 1.43%                |
| Class ID C000110231 | 5.09%                | -4.95%               | 1.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5820102.01              | $62154440.91                               |
| Month 2  | $12914806.27             | $-84476885.68                              |
| Month 3  | $25624215.19             | $-7678210.77                               |

**Designated Index Information**

- **Index Name:** Russell 1000 Value Index (Total Return)

- **Index Identifier:** RLV

### Schedule of Portfolio Investments

| Name                                   | Title                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cisco Systems Inc                      | Cisco Systems Inc                            | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    214700 | NS      | $10449449.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                     | NextEra Energy Inc                           | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    415600 | NS      | $31016228.00  | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                | ITT Inc                                      | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |    163000 | NS      | $14929170.00  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                  | Republic Services Inc                        | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |    167100 | NS      | $20857422.00  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC SECURITIES (USA) INC.             | JPY/USD FORWARD                              | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $173624.06    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Chesapeake Energy Corp                 | Chesapeake Energy Corp                       | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |    117100 | NS      | $10154912.00  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co                | Arthur J Gallagher & Co                      | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |    193100 | NS      | $37793532.00  | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                            | Corning Inc                                  | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |    194800 | NS      | $6742028.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International         | Johnson Controls International plc           | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | US        |    311200 | NS      | $21650184.00  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                             | AbbVie Inc                                   | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     92400 | NS      | $13652100.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank, National Association         | CAD/USD FORWARD                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $197087.93    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| General Dynamics Corp                  | General Dynamics Corp                        | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     87900 | NS      | $20485974.00  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd                             | Amdocs Ltd                                   | CUSIP: 000000000<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | US        |    333200 | NS      | $30631076.00  | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                            | Oracle Corp                                  | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    121500 | NS      | $10747890.00  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Tourmaline Oil Corp                    | Tourmaline Oil Corp                          | CUSIP: 89156V106<br>LEI: 549300LCHLN94A7Y1572 | Long             | EC               | CORP              | CA        |    293900 | NS      | $13697147.04  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET GLOBAL MARKETS, LLC       | EUR/USD FORWARD                              | CUSIP: 000000000<br>LEI: 549300FDEDF5ORXCMQ56 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-131510.98   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Nexstar Media Group Inc                | Nexstar Media Group Inc                      | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     74700 | NS      | $15296319.00  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                               | AT&T Inc                                     | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    651500 | NS      | $13271055.00  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Raytheon Technologies Corp             | Raytheon Technologies Corp                   | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     77700 | NS      | $7758345.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                    | Elevance Health Inc                          | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |     51600 | NS      | $25799484.00  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| SVB FINANCIAL GROUP                    | SVB Financial Group                          | CUSIP: 78486QAQ4<br>LEI: 549300D2KJ20JMXE7542 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $6930000.00   | 0.51%             | N/A             | Fixed         | 4.70%                 | No            |                  2 | On Loan: —       |
| Duke Energy Corp                       | Duke Energy Corp                             | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |    170400 | NS      | $17457480.00  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Michelin                               | Cie Generale des Etablissements Michelin SCA | CUSIP: 000000000<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |    220800 | NS      | $6950436.96   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The            | Goldman Sachs Group Inc/The                  | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     51900 | NS      | $18985539.00  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                       | Crown Castle Inc                             | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     48000 | NS      | $7109280.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                  | Schneider Electric SE                        | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     89500 | NS      | $14431524.88  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                         | Morgan Stanley                               | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    201000 | NS      | $19563330.00  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp                            | Target Corp                                  | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |    108200 | NS      | $18625548.00  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC SECURITIES (USA) INC.             | USD/CAD FORWARD                              | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $104902.84    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Home Depot Inc/The                     | Home Depot Inc/The                           | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     65400 | NS      | $21200718.00  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC SECURITIES (USA) INC.             | JPY/USD FORWARD                              | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-1703679.81  | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom Inc                           | Broadcom Inc                                 | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     26800 | NS      | $15678268.00  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc             | Mondelez International Inc                   | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |    109300 | NS      | $7152592.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                         | Merck & Co Inc                               | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    270200 | NS      | $29022182.00  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                         | Eli Lilly & Co                               | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     79100 | NS      | $27222265.00  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc                           | Enbridge Inc                                 | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |    251500 | NS      | $10303955.00  | 0.76%             |  |  |  | No            |                  1 | On Loan: —       |
| MetLife Inc                            | MetLife Inc                                  | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    388800 | NS      | $28390176.00  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc               | Simon Property Group Inc                     | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |    129900 | NS      | $16686954.00  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC SECURITIES (USA) INC.             | USD/GBP FORWARD                              | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-6909.13     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Devon Energy Corp                      | Devon Energy Corp                            | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |    167800 | NS      | $10611672.00  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours Inc                  | DuPont de Nemours Inc                        | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     94800 | NS      | $7010460.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                        | CVS Health Corp                              | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    233100 | NS      | $20564082.00  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co                    | Emerson Electric Co                          | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |    136200 | NS      | $12287964.00  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                              | Chubb Ltd                                    | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |    130400 | NS      | $29664696.00  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                       | Coca-Cola Co/The                             | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    346400 | NS      | $21241248.00  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                           | Chevron Corp                                 | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    142900 | NS      | $24867458.00  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc             | CF Industries Holdings Inc                   | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     84100 | NS      | $7123270.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                           | Comcast Corp                                 | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    307900 | NS      | $12115865.00  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                            | Phillips 66                                  | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |    135600 | NS      | $13596612.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC SECURITIES (USA) INC.             | CAD/USD FORWARD                              | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $1774287.68   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Nucor Corp                             | Nucor Corp                                   | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |     47000 | NS      | $7943940.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                         | Microsoft Corp                               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     87800 | NS      | $21757718.00  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                            | Paychex Inc                                  | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |     59100 | NS      | $6847326.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc           | Citizens Financial Group Inc                 | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |    270600 | NS      | $11722392.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Toronto-Dominion Bank/The              | Toronto-Dominion Bank/The                    | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |    214500 | NS      | $14841133.37  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                  | Texas Instruments Inc                        | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     97500 | NS      | $17277975.00  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                           | AutoZone Inc                                 | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |      2900 | NS      | $7072665.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                           | Danaher Corp                                 | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     71400 | NS      | $18876732.00  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| LAND O'LAKES INC                       | Land O' Lakes Inc                            | CUSIP: 514666AN6<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2480870.00   | 0.18%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| Bank of America Corp                   | Bank of America Corp                         | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    512700 | NS      | $18190596.00  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                   | Williams Cos Inc/The                         | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    325100 | NS      | $10481224.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                             | Pfizer Inc                                   | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    354300 | NS      | $15645888.00  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                            | PepsiCo Inc                                  | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |    127200 | NS      | $21753744.00  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                           | Alphabet Inc                                 | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     70200 | NS      | $6938568.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                 | UnitedHealth Group Inc                       | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     43700 | NS      | $21814603.00  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L         | Enterprise Products Partners LP              | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |    729700 | NS      | $18680320.00  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                    | Abbott Laboratories                          | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |    184600 | NS      | $20407530.00  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                           | Prologis Inc                                 | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |    118200 | NS      | $15280896.00  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                     | Walt Disney Co/The                           | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    125200 | NS      | $13582948.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                  | Costco Wholesale Corp                        | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     37900 | NS      | $19372206.00  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc                      | General Mills Inc                            | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |    266300 | NS      | $20867268.00  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc              | United Parcel Service Inc                    | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |    116100 | NS      | $21505203.00  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                       | Exxon Mobil Corp                             | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    173900 | NS      | $20174139.00  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                        | McDonald's Corp                              | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     83300 | NS      | $22274420.00  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                                    | International Business Machines Corp         | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     99100 | NS      | $13351743.00  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                         | Eaton Corp PLC                               | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | US        |     96200 | NS      | $15604602.00  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                    | VICI Properties Inc                          | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |    293100 | NS      | $10018158.00  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                | Bristol-Myers Squibb Co                      | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    309900 | NS      | $22514235.00  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| SELECTIVE INSURANCE GROU               | Selective Insurance Group Inc                | CUSIP: 816300503<br>LEI: 549300R3WGJWLE40R258 | Long             | EP               | CORP              | US        |    130000 | NS      | $2421900.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                              | Apple Inc                                    | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    134300 | NS      | $19378147.00  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                    | JPMorgan Chase & Co                          | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    151800 | NS      | $21245928.00  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc               | Ameriprise Financial Inc                     | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     55300 | NS      | $19361636.00  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS FINL CO                 | General Motors Financial Co Inc              | CUSIP: 37045XCM6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5636489.34   | 0.41%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Citibank, National Association         | USD/EUR FORWARD                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-64578.72    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Archer-Daniels-Midland Co              | Archer-Daniels-Midland Co                    | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |    123200 | NS      | $10207120.00  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                               | EQT Corp                                     | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    375600 | NS      | $12270852.00  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                         | BNP Paribas SA                               | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |    109200 | NS      | $7467285.46   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc         | American Electric Power Co Inc               | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |    237400 | NS      | $22306104.00  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                      | Johnson & Johnson                            | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     93100 | NS      | $15214402.00  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Payden Cash Reserves Money Market Fund | Payden Cash Reserves Money Market Fund       | CUSIP: 704329598<br>LEI: 549300SI0EB26HO5RT16 | Long             | STIV             | RF                | US        |  26283612 | NS      | $26283611.75  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp                               | FMC Corp                                     | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |     60600 | NS      | $8067678.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-29

**Name of Applicant:** PAYDEN & RYGEL INVESTMENT GROUP

**Signature:** Sandi Brents

**Name of Signer:** Sandi Brents

**Title:** Compliance Officer