# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0000940400-26-011783
**Filing Date:** 2026-3
**Character Count:** 33886
**Document Hash:** dc2c852876c18095d1028a8379a936bd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-011783.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0000940400-26-011783

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260130

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **CENTRAL INDEX KEY:** 0000885709

**ORGANIZATION NAME:**
- **EIN:** 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:** 26805627

**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 U.S. Government Fund (Series ID: S000011758)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000032183 | Payden U.S. Government Fund (Investor Class) | PYUSX           |

## Nport-Ex

#### Payden

#### U.S.

#### Government

#### Fund

#### Schedule

#### of

#### Investments
*-* 

*January* 

*31,* 

*2026* 

(Unaudited)

Principal

or

Shares

Security

Description

Value

(000) #### Mortgage

#### Backed

#### (49%)

730,609

Fannie

Mae

Grantor

Trust

2017-T1

,

2.90 %

,

6/25/27

$

720

1,445,196

Fannie

Mae-Aces

2017-M15

,

3.16 %

,

11/25/27

(a) 1,431

927,394

FH

841779

ARM

,

(U.S.

Secured

Overnight

Financing

Rate

Index

30day

Average

+

2.335%)

,

4.44 %

,

6/01/54

(b) 930

689,202

FH

8C0092

ARM

,

(U.S.

Secured

Overnight

Financing

Rate

Index

30day

Average

+

2.130%)

,

1.54 %

,

8/01/51

(b) 657

803,238

FH

8C0312

ARM

,

(U.S.

Secured

Overnight

Financing

Rate

Index

30day

Average

+

2.130%)

,

4.45 %

,

7/01/52

(b) 807

700,000

FHLMC

Multifamily

Structured

Pass-Through

Certificates

K058

,

2.65 %

,

8/25/26

695

998,276

FHLMC

Multifamily

Structured

Pass-Through

Certificates

K061

,

3.35 %

,

11/25/26

(a) 994

1,200,000

FHLMC

Multifamily

Structured

Pass-Through

Certificates

K505

,

4.82 %

,

6/25/28

1,224

166,618

FHLMC

Multifamily

Structured

Pass-Through

Certificates

Q013

,

6.26 %

,

5/25/50

(a) 167

173,249

FN

AS4186

15YR

,

2.50 %

,

1/01/30

114,021

FN

AS6443

15YR

,

3.00 %

,

12/01/30

194,023

FN

AS8013

15YR

,

2.50 %

,

9/01/31

228,849

FN

BM4153

15YR

,

3.00 %

,

6/01/33

1,083,644

FN

BM7166

ARM

,

(U.S.

Secured

Overnight

Financing

Rate

Index

30day

Average

+

2.346%)

,

5.14 %

,

3/01/53

(b) 1,108

372,851

FN

BP6814

ARM

,

(FTSE

USD

IBOR

Consumer

Cash

Fallbacks

Term

1Year

+

1.610%)

,

2.29 %

,

5/01/50

(b) 353

623,670

FN

BR9966

ARM

,

(U.S.

Secured

Overnight

Financing

Rate

Index

30day

Average

+

1.610%)

,

1.90 %

,

5/01/51

(b) 575

693,727

FN

BV2462

ARM

,

(U.S.

Secured

Overnight

Financing

Rate

Index

30day

Average

+

2.131%)

,

3.79 %

,

6/01/52

(b) 688

856,578

FN

CB9937

ARM

,

(U.S.

Secured

Overnight

Financing

Rate

Index

30day

Average

+

2.283%)

,

5.04 %

,

2/01/55

(b) 872

890,239

FN

FS2395

15YR

,

3.50 %

,

7/01/37

867

264,059

FN

FS3564

15YR

,

3.50 %

,

7/01/38

1,271,216

FN

FS9540

30YR

,

5.00 %

,

11/01/54

1,274

868,060

FN

MA4694

15YR

,

3.50 %

,

8/01/37

842

613,313

FN

MA5110

15YR

,

5.00 %

,

8/01/38

621

1,619,257

FN

MA5672

30YR

,

5.00 %

,

4/01/55

1,621

257,680

FNR

2024-21

DA

2024-21

,

5.50 %

,

12/25/46

45,834

FNR

FA

2002-10

,

(U.S.

Secured

Overnight

Financing

Rate

Index

30day

Average

+

0.864%)

,

4.56 %

,

2/25/32

(b) 46

509,955

FR

SB8192

15YR

,

5.00 %

,

10/01/37

517

Principal

or

Shares

Security

Description

Value

(000) 1,118,547

FR

SB8206

15YR

,

5.00 %

,

1/01/38

$

1,133

1,346,121

FR

SD8452

30YR

,

5.00 %

,

8/01/54

1,348

1,044,591

FR

SD8461

30YR

,

5.00 %

,

9/01/54

1,045

491,590

Freddie

Mac

REMICS

5607

,

4.00 %

,

5/15/30

593,587

Freddie

Mac

REMICS

5616

,

4.25 %

,

1/15/31

594

977,908

Freddie

Mac

REMICS

5607

,

4.25 %

,

6/15/31

976

406,823

Freddie

Mac

REMICS

5451

,

(U.S.

Secured

Overnight

Financing

Rate

Index

30day

Average

+

1.100%)

,

4.80 %

,

9/25/54

(b) 410

662,192

FRESB

Mortgage

Trust

2017-SB38

,

2.92 %

,

8/25/27

(a) 652

910,380

FRESB

Mortgage

Trust

2017-SB44

,

3.03 %

,

11/25/27

(a) 891

618,438

FRESB

Mortgage

Trust

2018-SB56

,

3.69 %

,

10/25/28

(a) 613

573,479

FRESB

Mortgage

Trust

2019-SB59

,

3.47 %

,

1/25/29

(a) 565

824,919

FRESB

Mortgage

Trust

2020-SB79

,

(U.S.

Secured

Overnight

Financing

Rate

Index

30day

Average

+

0.814%)

,

4.43 %

,

7/25/40

(b) 822

186,557

G2

778200

,

4.00 %

,

2/20/32

157,337

G2

778203

,

4.75 %

,

2/20/32

491,613

G2

AD0857

,

3.75 %

,

9/20/33

192,101

G2

AY5132

,

3.25 %

,

7/20/37

410,778

G2

AY5138

,

3.25 %

,

12/20/37

180,785

GN

728153

,

5.50 %

,

10/15/29

#### Total

#### Mortgage

#### Backed

#### (Cost

#### -

#### $29,421)

#### 29,338

#### U.S.

#### Treasury

#### (48%)

4,500,000

U.S.

Treasury

Note

,

4.38 %

,

12/15/26

4,530

7,700,000

U.S.

Treasury

Note

,

4.00 %

,

1/15/27

7,732

5,500,000

U.S.

Treasury

Note

,

3.25 %

,

6/30/27

5,480

4,500,000

U.S.

Treasury

Note

,

3.75 %

,

8/15/27

4,515

1,000,000

U.S.

Treasury

Note

,

3.50 %

,

9/30/27

999

2,500,000

U.S.

Treasury

Note

,

4.13 %

,

10/31/27

2,525

2,500,000

U.S.

Treasury

Note

,

4.00 %

,

2/29/28

2,523

#### Total

#### U.S.

#### Treasury

#### (Cost

#### -

#### $28,102)

#### 28,304

#### Investment

#### Company

#### (2%)

1,237,230

Payden

Cash

Reserves

Money

Market

Fund \*

#### (Cost

#### -

#### $1,237)
1,237

#### Purchase

#### Options (0%)

#### Total

#### Purchase

#### Options

#### (Cost

#### -

#### $20)

#### 1

#### Total

#### Investments

#### (Cost

#### -

#### $58,780)

#### (99%)
58,880

#### Other

#### Assets,

#### net

#### of

#### Liabilities

#### (1%)

#### Net

#### Assets

#### (100%)

#### $

#### 59,231
\*

Affiliated

investment.

(a) Variable

rate

security.

Interest

rate

disclosed

is

as

of

the

most

recent

information

available.

Certain

variable

rate

securities

are

not

based

on

a

published

reference

rate

and

spread

but

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.

These

securities

do

not

indicate

a

reference

rate

and

spread

in

their

description

above.

(b) Floating

rate

security.

The

rate

shown

reflects

the

rate

in

effect

at

January

31,

2026. #### Purchase

#### Options

#### Description

#### Number

#### of

#### Contracts

#### Notional

#### Amount
(000s)

#### Exercise

#### Price

#### Maturity

#### Date

#### Value
(000s)

#### Call/Put

#### Exchange

#### Traded

#### Options

#### Purchase

#### -

#### 0.0%
U.S.

10YR

Note

$

$

02/20/2026

$1

Call

#### Payden

#### Mutual

#### Funds

#### Payden

#### U.S.

#### Government

#### Fund
*continued*

#### Open

#### Futures

#### Contracts
Contract

Type

Number

of

Contracts

Expiration

Date

Notional

Amount

(000s)

Current

Value

(000s)

Unrealized

Depreciation

(000s)

#### Long

#### Contracts:
U.S.

Treasury

10-Year

Note

Future

$

3,802

$

(47)

$

(47)

U.S.

Treasury

2-Year

Note

Future

8,340

(10)

(10)

U.S.

Treasury

5-Year

Note

Future

3,268

(23)

(23)

a

a

#### Total

#### Futures
$(80)

## 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 U.S. Government Fund

- **b. EDGAR series identifier (if any):** S000011758

- **c. LEI of Series:** S05DF751G46NXE21NJ26

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-30

**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:** $60003130.00

**Total Liabilities:** $801105.10

**Net Assets:** $59202024.90

**Cash Not Reported:** $195000.00

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 101.00000000 | **5-Year:** 1444.00000000 | **10-Year:** 606.00000000 | **30-Year:** 7187.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000032183 | 0.62%                | 0.21%                | 0.21%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $7236.20                 | $97288.48                                  |
| Month 2  | $72758.87                | $-73592.61                                 |
| Month 3  | $2257.43                 | $-15941.43                                 |

**Designated Index Information**

- **Index Name:** ICE BofA Treasury 1-5 Yr Index (GVQ0)

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 10YR NOTE (CBT)                                           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        34 | NC      | $-46863.90    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage A              | Ginnie Mae I Pool                                            | CUSIP: 3620AE5N6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    180785 | PA      | $183658.01    | 0.31%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                             | CUSIP: 91282CFU0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2524609.38   | 4.26%             | 2027-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                              | CUSIP: 3140J8TK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    228849 | PA      | $223702.63    | 0.38%             | 2033-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A              | Ginnie Mae II Pool                                           | CUSIP: 36196UV73<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    410778 | PA      | $391590.24    | 0.66%             | 2037-12-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                             | CUSIP: 3132D6C57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    509955 | PA      | $516647.30    | 0.87%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                              | CUSIP: 31418FJS7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1619257 | PA      | $1620591.18   | 2.74%             | 2055-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FannieMae Grantor Trust                     | Fannie Mae Grantor Trust 2017-T1                             | CUSIP: 3136AV6R5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    730609 | PA      | $720047.00    | 1.22%             | 2027-06-25      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                              | CUSIP: 3140XRS63<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1271216 | PA      | $1274234.30   | 2.15%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                              | CUSIP: 3140L9CC0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    623670 | PA      | $574816.02    | 0.97%             | 2051-05-01      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                             | CUSIP: 91282CJT9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7700000 | PA      | $7732237.74   | 13.06%            | 2027-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 5YR NOTE (CBT)                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        30 | NC      | $-23282.80    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Non Gold Pool                                    | CUSIP: 31288Q6Q8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    927394 | PA      | $929654.45    | 1.57%             | 2054-06-01      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                              | CUSIP: 3140XJ6A6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    264059 | PA      | $256263.35    | 0.43%             | 2038-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                             | CUSIP: 91282CJP7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4500000 | PA      | $4530553.74   | 7.65%             | 2026-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FRESB Multifamily Mortgage Pas              | FRESB 2020-SB79 Mortgage Trust                               | CUSIP: 30316VAC1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    824919 | PA      | $822394.71    | 1.39%             | 2040-07-25      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                              | Fannie Mae-Aces                                              | CUSIP: 3136AY6U2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1445196 | PA      | $1430650.36   | 2.42%             | 2027-11-25      | Variable      | 3.16%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                              | CUSIP: 3140JB6C5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1083644 | PA      | $1107755.13   | 1.87%             | 2053-03-01      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae REMICS                                            | CUSIP: 3136BRUU9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    257680 | PA      | $258101.88    | 0.44%             | 2046-12-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                              | CUSIP: 31418EVC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    613313 | PA      | $621107.82    | 1.05%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                             | CUSIP: 91282CLG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4500000 | PA      | $4514853.51   | 7.63%             | 2027-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P              | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137BTUM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    998276 | PA      | $993530.32    | 1.68%             | 2026-11-25      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | 10 YEAR U.S. TREASURY NOTE                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        30 | NC      | $937.50       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Non Gold Pool                                    | CUSIP: 3142BAKZ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    803238 | PA      | $807481.66    | 1.36%             | 2052-07-01      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Non Gold Pool                                    | CUSIP: 3142BAC59<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    689202 | PA      | $656840.03    | 1.11%             | 2051-08-01      | Floating      | 1.54%                 | No            |                  2 | On Loan: No      |
| FRESB Multifamily Mortgage Pas              | FRESB 2017-SB44 Mortgage Trust                               | CUSIP: 30306TAC8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    910380 | PA      | $891209.96    | 1.51%             | 2027-11-25      | Variable      | 3.03%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                              | CUSIP: 3138WDUL3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    173249 | PA      | $169288.37    | 0.29%             | 2030-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FRESB Multifamily Mortgage Pas              | FRESB 2019-SB59 Mortgage Trust                               | CUSIP: 302970AG3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    573479 | PA      | $565317.49    | 0.95%             | 2029-01-25      | Variable      | 3.47%                 | No            |                  2 | On Loan: No      |
| Payden Cash Reserves Money Market Fund      | Payden Cash Reserves Money Market Fund                       | CUSIP: 704329598<br>LEI: 549300SI0EB26HO5RT16 | Long             | STIV             | RF                | US        |   1796837 | NS      | $1796836.59   | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage A              | Ginnie Mae II Pool                                           | CUSIP: 36176WKM2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    186557 | PA      | $185220.94    | 0.31%             | 2032-02-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P              | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137HACX2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1200000 | PA      | $1223768.88   | 2.07%             | 2028-06-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac REMICS                                           | CUSIP: 3137HNZF8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    977908 | PA      | $975743.64    | 1.65%             | 2031-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A              | Ginnie Mae II Pool                                           | CUSIP: 36176WKQ3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    157337 | PA      | $158816.66    | 0.27%             | 2032-02-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 2YR NOTE (CBT)                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        40 | NC      | $-9824.32     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac REMICS                                           | CUSIP: 3137HFL60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    406823 | PA      | $409866.75    | 0.69%             | 2054-09-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                             | CUSIP: 91282CPB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $999531.25    | 1.69%             | 2027-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                              | CUSIP: 3140XHUV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    890239 | PA      | $867476.39    | 1.47%             | 2037-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A              | Ginnie Mae II Pool                                           | CUSIP: 36180B5S6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    491613 | PA      | $482497.77    | 0.82%             | 2033-09-20      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A              | Ginnie Mae II Pool                                           | CUSIP: 36196UVZ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    192101 | PA      | $183182.84    | 0.31%             | 2037-07-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                             | CUSIP: 91282CGP0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2522607.43   | 4.26%             | 2028-02-29      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                              | CUSIP: 3138WGER1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    114021 | PA      | $111833.95    | 0.19%             | 2030-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                              | CUSIP: 31418EGC8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    868060 | PA      | $842431.74    | 1.42%             | 2037-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FRESB Multifamily Mortgage Pas              | FRESB 2018-SB56 Mortgage Trust                               | CUSIP: 302966AL0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    618438 | PA      | $613084.44    | 1.04%             | 2028-10-25      | Variable      | 3.69%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                              | CUSIP: 3138WH3X8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    194023 | PA      | $188163.87    | 0.32%             | 2031-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P              | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137BSP72<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    700000 | PA      | $694724.45    | 1.17%             | 2026-08-25      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac REMICS                                           | CUSIP: 3137HPM75<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    593587 | PA      | $594022.15    | 1.00%             | 2031-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                              | CUSIP: 3140QWBF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    856578 | PA      | $872088.09    | 1.47%             | 2055-02-01      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac REMICS                                           | CUSIP: 3137HNZL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    491590 | PA      | $488271.04    | 0.82%             | 2030-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P              | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137FWGH7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    166618 | PA      | $166910.80    | 0.28%             | 2050-05-25      | Variable      | 6.26%                 | No            |                  2 | On Loan: No      |
| FRESB Multifamily Mortgage Pas              | FRESB 2017-SB38 Mortgage Trust                               | CUSIP: 30305LAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    662192 | PA      | $651655.53    | 1.10%             | 2027-08-25      | Variable      | 2.92%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae REMICS                                            | CUSIP: 31392B5T9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     45834 | PA      | $46116.76     | 0.08%             | 2032-02-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                             | CUSIP: 3132D6DK3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1118547 | PA      | $1133226.29   | 1.91%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                             | CUSIP: 3132DWMJ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1044591 | PA      | $1045451.86   | 1.77%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                              | CUSIP: 3140KESC3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    372851 | PA      | $352542.36    | 0.60%             | 2050-05-01      | Floating      | 2.29%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                              | CUSIP: 3140MFWY5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    693727 | PA      | $688136.31    | 1.16%             | 2052-06-01      | Floating      | 3.79%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                             | CUSIP: 3132DWL92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1346121 | PA      | $1347532.48   | 2.28%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                             | CUSIP: 91282CEW7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5500000 | PA      | $5479697.25   | 9.26%             | 2027-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-27

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

**Signature:** Sandi Brents

**Name of Signer:** Sandi Brents

**Title:** Compliance Officer