Morningstar

Payden Absolute Return Bond Fund SI Class PYAIX

Morningstar Medalist Rating
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Medalist Rating as of See Payden Investment Hub
  • NAV / 1-Day Return $9.22  /  +0.11 %
  • Fund Size $576.3M
  • Adjusted Expense Ratio 0.480%
  • Net Expense Ratio 0.470%
  • Fee Level: Distribution Low
  • Share Class Type Institutional
  • Morningstar Category Nontraditional Bond
  • Fixed-Income Style Box (Funds) Medium/Limited
  • Minimum Initial Investment $10M
  • Investment Status Open
  • TTM Yield 6.59%
  • Average Effective Duration 1.11 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis PYAIX

Will PYAIX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PYAIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PYAIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PYAIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Payden Absolute Return Bond SI holds a quantitatively derived Silver Morningstar Medalist Rating. The rating reflects that it has scored well on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
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Portfolio Holdings PYAIX

More PYAIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 3.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future Dec 26

17.97 103M
Government

Viking Baked Goods Acquisition Corp

17.35 99M
Corporate

Usd/Eur Fwd 20260916 00816

12.60 72M
Derivative

10 Year Treasury Note Future Sept 26

6.20 36M
Government

Federal National Mortgage Association 6%

3.03 17M
Securitized

United States Treasury Notes 3.75%

2.63 15M
Government

Usd/Eur Fwd 20261123 00816

2.58 15M
Derivative

Usd/Chf Fwd 20261124 00816

2.53 14M
Derivative

Aud/Usd Fwd 20261124 00049

2.06 12M
Derivative

Payden Emerging Markets Local Bond SI

2.05 12M
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