# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0001752724-23-073313
**Filing Date:** 2023-3
**Character Count:** 58307
**Document Hash:** 6419764a373b95d0762aa40a18221d2f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-073313.hdr.sgml**: 20230330

**ACCESSION NUMBER**: 0001752724-23-073313

**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:** 23778187

**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 California Municipal Social Impact Fund (Series ID: S000011760)

| Class ID   | Class Name                                                      | Ticker Symbol   |
|:---|:---|:---|
| C000032185 | Payden California Municipal Social Impact Fund (Investor Class) | PYCRX           |

## 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 California Municipal Social Impact Fund

- **b. EDGAR series identifier (if any):** S000011760

- **c. LEI of Series:** 549300ZIE79V6215MB30

**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:** $139838596.42

**Total Liabilities:** $410861.70

**Net Assets:** $139427734.72

**Cash Not Reported:** $325220.70

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 28.38369158 | **1-Year:** 225.55499010 | **5-Year:** 3480.00000000 | **10-Year:** 5027.00000000 | **30-Year:** 74518.00000000

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

- **3-Month:** 60.09995818 | **1-Year:** 2.06337931 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 649.65992700

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000032185 | 3.42%                | 0.34%                | 2.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-972000.71              | $5398809.46                                |
| Month 2  | $-416281.63              | $586018.05                                 |
| Month 3  | $-174358.61              | $3060346.82                                |

**Designated Index Information**

- **Index Name:** Muni Mutual Fund California Int. Index (Risk Basis: MUNI)

- **Index Identifier:** I00769US

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SAN DIEGO CA PUBLIC FACS FING          | San Diego Public Facilities Financing Authority                              | CUSIP: 797299KX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $591445.16    | 0.42%             | 2032-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CORONADO CA CMNTY DEV AGY SUCC         | Coronado Community Development Agency Successor Agency                       | CUSIP: 21977AAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $251610.16    | 0.18%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN MATEO CNTY CA JT PWRS FING         | San Mateo Joint Powers Financing Authority                                   | CUSIP: 79904NEH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $259774.71    | 0.19%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST EDUCTNL FACS AUT         | California Educational Facilities Authority                                  | CUSIP: 130178EZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2300000.00   | 1.65%             | 2036-10-01      | Variable      | 1.08%                 | No            |                  2 | On Loan: No      |
| UNION CITY CA CMNTY REDEV AGY          | Union City Community Redevelopment Agency Successor Agency                   | CUSIP: 90566AAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $369214.83    | 0.26%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA MONICA-MALIBU CA UNIF SC         | Santa Monica-Malibu Unified School District                                  | CUSIP: 802498WC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1046347.58   | 0.75%             | 2032-07-01      | Fixed         | 1.71%                 | No            |                  2 | On Loan: No      |
| NAPA VLY CA CMNTY CLG DIST             | Napa Valley Community College District                                       | CUSIP: 630360ER2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503437.73    | 0.36%             | 2023-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SANTA MONICA CA PUBLIC FING AU         | Santa Monica Public Financing Authority                                      | CUSIP: 802437FV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $831762.43    | 0.60%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLOVIS CA UNIF SCH DIST                | Clovis Unified School District                                               | CUSIP: 189342Q68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1651798.79   | 1.18%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE         | California Municipal Finance Authority                                       | CUSIP: 13048T7L1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    325000 | PA      | $348853.25    | 0.25%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST STWD CMNTYS DEV          | California Statewide Communities Development Authority                       | CUSIP: 1309116Y1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.07%             | 2035-08-01      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P         | Los Angeles Department of Water & Power Water System Revenue                 | CUSIP: 544525Q43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1833144.85   | 1.31%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA MONICA CA CMNTY CLG DIST         | Santa Monica Community College District                                      | CUSIP: 802385SH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1587083.55   | 1.14%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST EARTHQUAKE AUTH          | California Earthquake Authority                                              | CUSIP: 13017HAP1<br>LEI: 254900P2MGLOUH3QS859 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1376240.71   | 0.99%             | 2027-07-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                          | State of California                                                          | CUSIP: 13063DZ35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1109985.12   | 0.80%             | 2046-12-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                          | State of California                                                          | CUSIP: 13063DR67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10438560.50  | 7.49%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA         | California School Finance Authority                                          | CUSIP: 13059TFG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034745.18   | 0.74%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ABAG CA FIN AUTH FOR NONPROFIT         | Abag Finance Authority for Nonprofit Corps                                   | CUSIP: 00037CWB2<br>LEI: 549300EWVCCTI6O2KU84 | Long             | DBT              | MUN               | US        |    645000 | PA      | $669780.13    | 0.48%             | 2026-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                        | United States Treasury Note/Bond                                             | CUSIP: 91282CGJ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $498281.25    | 0.36%             | 2030-01-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A         | City of Los Angeles Department of Airports                                   | CUSIP: 544445GU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $543271.11    | 0.39%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HSG FIN AGY MUNI CT         | California Housing Finance Agency                                            | CUSIP: 13033DAJ4<br>LEI: 549300BOPCVLBA552Z14 | Long             | ABS-MBS          | MUN               | US        |    491188 | PA      | $455595.01    | 0.33%             | 2036-08-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA MUNI IMPT CORPL         | Municipal Improvement Corp of Los Angeles                                    | CUSIP: 544587G93<br>LEI: 549300ZJ0YLTZNSR8F57 | Long             | DBT              | MUN               | US        |    500000 | PA      | $552075.88    | 0.40%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN         | California Pollution Control Financing Authority                             | CUSIP: 13054WAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014188.00   | 0.73%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH SAN FRANCISCO CA PUBLIC          | South San Francisco Public Facilities Financing Authority                    | CUSIP: 840035CN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $914019.14    | 0.66%             | 2046-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ONTARIO CA WTR REVENUE                 | City of Ontario CA                                                           | CUSIP: 683050BV9<br>LEI: 254900FN91TH1F225693 | Long             | DBT              | MUN               | US        |    550000 | PA      | $509328.23    | 0.37%             | 2025-08-01      | Fixed         | 1.29%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA HARBOR DEPT             | Port of Los Angeles                                                          | CUSIP: 544552B43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059701.39   | 0.76%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANTELOPE VLY CA CMNTY CLG DIST         | Antelope Valley Community College District                                   | CUSIP: 03667PHZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $2034370.85   | 1.46%             | 2042-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTH ORANGE CNTY CA PUBLIC FI         | South Orange County Public Financing Authority                               | CUSIP: 839097BA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $596434.83    | 0.43%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA PUBLIC FACS FING          | San Diego Public Facilities Financing Authority                              | CUSIP: 79730CFX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110078.30    | 0.08%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUBLIC WKS BRD L         | California State Public Works Board                                          | CUSIP: 13068XEJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1136991.38   | 0.82%             | 2023-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA CMNTY CLG DIST          | Los Angeles Community College District/CA                                    | CUSIP: 54438CYQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1274982.85   | 0.91%             | 2033-08-01      | Fixed         | 2.34%                 | No            |                  2 | On Loan: No      |
| SAN BUENAVENTURA CA WTR REVENU         | City of San Buenaventura CA                                                  | CUSIP: 797055DJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $505906.39    | 0.36%             | 2024-01-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA HARBOR DEPT             | Port of Los Angeles                                                          | CUSIP: 544552A51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $642288.63    | 0.46%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A         | California Health Facilities Financing Authority                             | CUSIP: 13032UNA2<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    200000 | PA      | $204647.23    | 0.15%             | 2034-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIMI VLY CA PUBLIC FACS FING A         | Simi Valley Public Financing Authority                                       | CUSIP: 82863VAP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $209490.86    | 0.15%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CA ESSEN         | CSCDA Community Improvement Authority                                        | CUSIP: 126292AY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $345850.60    | 0.25%             | 2056-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA U         | San Francisco Unified School District                                        | CUSIP: 79771TPJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1514278.46   | 1.09%             | 2023-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAY AREA CA TOLL AUTH TOLL BRI         | Bay Area Toll Authority                                                      | CUSIP: 072024VM1<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    660000 | PA      | $681429.61    | 0.49%             | 2037-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A         | California Health Facilities Financing Authority                             | CUSIP: 13032UMA3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    500000 | PA      | $543562.28    | 0.39%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A         | California Health Facilities Financing Authority                             | CUSIP: 13033LM95<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002008.74   | 0.72%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A         | California Health Facilities Financing Authority                             | CUSIP: 13032UUN6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026795.20   | 0.74%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER CA REDEV AGY SUCCESS         | Lancaster Redevelopment Agency Successor Agency                              | CUSIP: 513802DU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $546258.70    | 0.39%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                        | United States Treasury Note/Bond                                             | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $526093.75    | 0.38%             | 2032-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A         | California Health Facilities Financing Authority                             | CUSIP: 13032UB23<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    500000 | PA      | $498663.03    | 0.36%             | 2048-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A         | California Health Facilities Financing Authority                             | CUSIP: 13033LM46<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    710000 | PA      | $711201.14    | 0.51%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU         | San Diego County Regional Airport Authority                                  | CUSIP: 79739GMB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $797579.39    | 0.57%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA MUNI IMPT CORPL         | Municipal Improvement Corp of Los Angeles                                    | CUSIP: 544587Y69<br>LEI: 549300ZJ0YLTZNSR8F57 | Long             | DBT              | MUN               | US        |    310000 | PA      | $277173.95    | 0.20%             | 2026-11-01      | Fixed         | 1.34%                 | No            |                  2 | On Loan: No      |
| MOUNTAIN VIEW-WHISMAN CA SCH D         | Mountain View-Whisman School District                                        | CUSIP: 62451FLZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045430.53   | 0.75%             | 2038-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA UNIF SCH DIST             | San Diego Unified School District/CA                                         | CUSIP: 797356FS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $3213048.92   | 2.30%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUNNYVALE CA FING AUTH LEASE R         | Sunnyvale Financing Authority                                                | CUSIP: 86754EAL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1080380.71   | 0.77%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| W HOLLYWOOD CA PUBLIC FING AUT         | West Hollywood Public Financing Authority                                    | CUSIP: 95332RCV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $241039.89    | 0.17%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ABAG CA FIN AUTH FOR NONPROFIT         | Abag Finance Authority for Nonprofit Corps                                   | CUSIP: 00037CPN4<br>LEI: 549300EWVCCTI6O2KU84 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.07%             | 2035-08-01      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| S BAYSIDE CA WST MGMT AUTH SOL         | South Bayside Waste Management Authority                                     | CUSIP: 83646ACM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35383.24     | 0.03%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SECURITIZATI         | Golden State Tobacco Securitization Corp                                     | CUSIP: 38122NB76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $823322.38    | 0.59%             | 2046-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CNTY CA TRANSPRTN CO         | Riverside County Transportation Commission                                   | CUSIP: 76912DAZ1<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $969404.22    | 0.70%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| S BAYSIDE CA WST MGMT AUTH SOL         | South Bayside Waste Management Authority                                     | CUSIP: 83646ACY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $978262.20    | 0.70%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN JOSE CA FING AUTH WSTWTR R         | San Jose Financing Authority                                                 | CUSIP: 79816NAZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $4000191.97   | 2.87%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A         | City of Los Angeles Department of Airports                                   | CUSIP: 544445F46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1677203.40   | 1.20%             | 2047-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                          | State of California                                                          | CUSIP: 13063DS82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3415796.37   | 2.45%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ABAG CA FIN AUTH FOR NONPROFIT         | Abag Finance Authority for Nonprofit Corps                                   | CUSIP: 00037CWT3<br>LEI: 549300EWVCCTI6O2KU84 | Long             | DBT              | MUN               | US        |    455000 | PA      | $502021.16    | 0.36%             | 2028-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN BERNARDINO CNTY CA MF REVE         | County of San Bernardino CA                                                  | CUSIP: 796900EB0<br>LEI: 254900RTS8DDNPA7MX91 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1350000.00   | 0.97%             | 2027-02-15      | Variable      | 1.13%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A         | City of Los Angeles Department of Airports                                   | CUSIP: 544445HY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $266924.00    | 0.19%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A         | California Community Choice Financing Authority                              | CUSIP: 13013JBL9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1122070.23   | 0.80%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SFPUTC 4.67 03/15/23                   | SFPUTC 4.67 03/15/23                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3000000.00   | 2.15%             | 2023-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SALINAS VLY CA SOL WST AUTH            | Salinas Valley Solid Waste Authority                                         | CUSIP: 795036BS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $206562.68    | 0.15%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OXNARD CA SCH DIST COPS                | Oxnard School District                                                       | CUSIP: 692021BU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $255754.64    | 0.18%             | 2045-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SWEETWATER CA UNION HIGH SCH D         | Sweetwater Union High School District                                        | CUSIP: 870462UG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1790042.78   | 1.28%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA BAY AREA RAPI         | San Francisco Bay Area Rapid Transit District                                | CUSIP: 797661B95<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2511737.44   | 1.80%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                          | State of California                                                          | CUSIP: 13063DQL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $433600.19    | 0.31%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A         | City of Los Angeles Department of Airports                                   | CUSIP: 544445LK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513246.96    | 0.37%             | 2024-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CNTY CA MET TRANSP         | Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue   | CUSIP: 54466HKY1<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1289502.51   | 0.92%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA MONICA CA CMNTY CLG DIST         | Santa Monica Community College District                                      | CUSIP: 802385SG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2281988.98   | 1.64%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CA TRANSPRTN AUTH S         | Sacramento Transportation Authority Sales Tax Revenue                        | CUSIP: 786074AK0<br>LEI: 549300ICNZ6EZODIGL94 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.07%             | 2038-10-01      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CA COPS                   | Town of Hillsborough CA                                                      | CUSIP: 432258AZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1755000.00   | 1.26%             | 2035-06-01      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| EAST BAY CA MUNI UTILITY DIST          | East Bay Municipal Utility District Water System Revenue                     | CUSIP: 271014L59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $742006.40    | 0.53%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONTARIO PUB FING AUTH LEASE RE         | Ontario Public Financing Authority                                           | CUSIP: 68304RDK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1118141.33   | 0.80%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                        | United States Treasury Note/Bond                                             | CUSIP: 91282CGE5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $2000000.00   | 1.43%             | 2026-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NUVEEN CA AMT-FREE QUALITY MUN         | Nuveen California AMT-Free Quality Municipal Income Fund                     | CUSIP: 670651868<br>LEI: 5493005SR7RRUAG9VK19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.72%             | 2047-10-01      | Variable      | 2.11%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                          | United States Treasury Bill                                                  | CUSIP: 912796ZZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2446199.70   | 1.75%             | 2023-07-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PALM SPRINGS CA ARPT PASSENGER         | City of Palm Springs CA Passenger Facility Charge Revenue                    | CUSIP: 696653BG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $418722.50    | 0.30%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF OAKLAND CA                     | Port of Oakland                                                              | CUSIP: 735000TG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1192877.16   | 0.86%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BEVERLY HILLS CA UNIF SCH DIST         | Beverly Hills Unified School District CA                                     | CUSIP: 088023NB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $394108.49    | 0.28%             | 2023-08-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| PALM SPRINGS CA CMNTY REDEV AG         | Palm Springs Community Redevelopment Agency Successor Agency                 | CUSIP: 69667AAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $405641.33    | 0.29%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA MUNI IMPT CORPL         | Municipal Improvement Corp of Los Angeles                                    | CUSIP: 544587ZN1<br>LEI: 549300ZJ0YLTZNSR8F57 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103205.86    | 0.07%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN BERNARDINO CNTY CA MF REVE         | County of San Bernardino CA                                                  | CUSIP: 796900CY2<br>LEI: 254900RTS8DDNPA7MX91 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.14%             | 2029-05-15      | Variable      | 1.13%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A         | California Health Facilities Financing Authority                             | CUSIP: 13032UTQ1<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    800000 | PA      | $922046.75    | 0.66%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY         | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DTX7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1129992.27   | 0.81%             | 2024-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A         | City of Los Angeles Department of Airports                                   | CUSIP: 544445Q51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $64076.64     | 0.05%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                        | United States Treasury Note/Bond                                             | CUSIP: 91282CGC9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1011406.25   | 0.73%             | 2027-12-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA HARBOR DEPT             | Port of Los Angeles                                                          | CUSIP: 544552WA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $865484.71    | 0.62%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALAMEDA CA CMNTY IMPT COMMISSI         | Alameda Community Improvement Commission Successor Agency                    | CUSIP: 010775AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103986.23    | 0.07%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CA HARBOR REVENUE           | City of Long Beach CA Harbor Revenue                                         | CUSIP: 542424US3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $815965.35    | 0.59%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SFCCTT 4.62 03/02/23                   | SFCCTT 4.62 03/02/23                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3000000.00   | 2.15%             | 2023-03-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A         | California Health Facilities Financing Authority                             | CUSIP: 13032UMX3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    350000 | PA      | $381029.31    | 0.27%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA RGTS MED         | Regents of the University of California Medical Center Pooled Revenue        | CUSIP: 913366KM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1158905.18   | 0.83%             | 2039-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA PUBLIC FACS FING          | San Diego Public Facilities Financing Authority                              | CUSIP: 79730AKR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1184562.00   | 0.85%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A         | City of Los Angeles Department of Airports                                   | CUSIP: 544445S42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $1041398.33   | 0.75%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FIN AUTH REV         | California Public Finance Authority                                          | CUSIP: 13057EBD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.07%             | 2052-08-01      | Variable      | 0.40%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A         | California Health Facilities Financing Authority                             | CUSIP: 13032UWW4<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    750000 | PA      | $769039.31    | 0.55%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A         | City of Los Angeles Department of Airports                                   | CUSIP: 544445F53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2890208.82   | 2.07%             | 2047-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A         | City of Los Angeles Department of Airports                                   | CUSIP: 544445C31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2268907.62   | 1.63%             | 2040-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA CMNTY CLG DIST          | Los Angeles Community College District/CA                                    | CUSIP: 54438CYY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6515000 | PA      | $6514817.06   | 4.67%             | 2023-02-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA PUBLIC FACS FING          | San Diego Public Facilities Financing Authority                              | CUSIP: 79730AKB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $725334.63    | 0.52%             | 2023-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES         | University of California                                                     | CUSIP: 91412HKM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1087082.29   | 0.78%             | 2036-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &         | California Infrastructure & Economic Development Bank                        | CUSIP: 13034AT59<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $980849.15    | 0.70%             | 2046-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BAY AREA CA TOLL AUTH TOLL BRI         | Bay Area Toll Authority                                                      | CUSIP: 072024UN0<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.07%             | 2047-04-01      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &         | California Infrastructure & Economic Development Bank                        | CUSIP: 13035ACE7<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1134216.03   | 0.81%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SANTA MONICA CA CMNTY CLG DIST         | Santa Monica Community College District                                      | CUSIP: 802385SP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $654830.27    | 0.47%             | 2029-08-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                        | United States Treasury Note/Bond                                             | CUSIP: 91282CGD7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    200000 | PA      | $200015.62    | 0.14%             | 2024-12-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUBLIC WKS BRD L         | California State Public Works Board                                          | CUSIP: 13068LPR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $404786.38    | 0.29%             | 2033-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WESTERN PLACER WST MGMT AUTH C         | Western Placer Waste Management Authority                                    | CUSIP: 95921MAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1567574.85   | 1.12%             | 2042-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA U         | San Francisco Unified School District                                        | CUSIP: 79771TPL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1200868.92   | 0.86%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AZUSA CA UNIF SCH DIST                 | Azusa Unified School District                                                | CUSIP: 055033SE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039612.12   | 0.75%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA RGTS MED         | Regents of the University of California Medical Center Pooled Revenue        | CUSIP: 913366BB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $195000.00    | 0.14%             | 2032-05-15      | Variable      | 0.35%                 | No            |                  2 | On Loan: No      |
| SANTA BARBARA CNTY CA SOLID WA         | County of Santa Barbara CA                                                   | CUSIP: 80136PCV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083351.97   | 0.78%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALAMEDA CA CMNTY IMPT COMMISSI         | Alameda Community Improvement Commission Successor Agency                    | CUSIP: 010775AH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260006.91    | 0.19%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRENTWOOD CA INFRASTRUCTURE FI         | Brentwood Infrastructure Financing Authority                                 | CUSIP: 10727YBN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $314317.77    | 0.23%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE         | California Municipal Finance Authority                                       | CUSIP: 13048VGR3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    650000 | PA      | $722486.17    | 0.52%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA UNIF SCH DIST           | Los Angeles Unified School District/CA                                       | CUSIP: 544647GD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2307998.04   | 1.66%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE         | California Municipal Finance Authority                                       | CUSIP: 13048VJX7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $545057.95    | 0.39%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PALM SPRINGS CA CMNTY REDEV AG         | Palm Springs Community Redevelopment Agency Successor Agency                 | CUSIP: 69667AAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $311960.52    | 0.22%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CA ELEC REVENUE              | City of Riverside CA Electric Revenue                                        | CUSIP: 768874PS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1565000.00   | 1.12%             | 2029-10-01      | Variable      | 1.05%                 | 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        |    919062 | NS      | $919061.73    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| SANTA CLARA VLY CA TRANSPRTN A         | Santa Clara Valley Transportation Authority                                  | CUSIP: 80168NEG0<br>LEI: 549300R6Q7T4MD3V9H68 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.07%             | 2036-04-01      | Variable      | 0.35%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU         | San Diego County Regional Airport Authority                                  | CUSIP: 79739GNH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1133714.75   | 0.81%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CNTY CA HSG AUTH            | Sacramento County Housing Authority                                          | CUSIP: 786111EV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $875000.00    | 0.63%             | 2029-07-15      | Variable      | 1.13%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY CA WTR DIST COPS           | Orange County Water District                                                 | CUSIP: 684421CB4<br>LEI: 549300KBQTX6CMJ3U708 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.07%             | 2042-08-01      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| EMERYVILLE CA REDEV AGY SUCCES         | Emeryville Redevelopment Agency Successor Agency                             | CUSIP: 29120RAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $384446.46    | 0.28%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA CRUZ CA REDEV AGY MF REV         | Santa Cruz Redevelopment Agency                                              | CUSIP: 80176PAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 0.29%             | 2035-08-15      | Variable      | 1.72%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA HSG AUTH MF HSG R         | San Diego Housing Authority Inc                                              | CUSIP: 79728FLD1<br>LEI: 549300X9H1ODNOOT1Q87 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 1.08%             | 2060-10-01      | Variable      | 1.50%                 | No            |                  2 | 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