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Morningstar

Payden Absolute Return Bond Adv PYABX

Morningstar Medalist Rating
Medalist Rating as of | See Payden Investment Hub
  • NAV / 1-Day Return 9.54  /  0.00
  • Total Assets 559.7 Mil
  • Adj. Expense Ratio
    0.950%
  • Expense Ratio 0.950%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield —
  • Effective Duration —

USD | NAV as of Jun 05, 2024 | 1-Day Return as of Jun 05, 2024, 12:47 AM GMT+0

Morningstar’s Analysis PYABX

Will PYABX outperform in 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 PYABX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PYABX 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 PYABX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A sound investment process and strong management team underpin Payden Absolute Return Bond Adv's Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PYABX

More PYABX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings −9.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset- Futures

22.05 154.4 Mil
Cash and Equivalents

Usd/Eur Fwd 20240318 00908

7.97 55.8 Mil
Derivative

2 Year Treasury Note Future Mar 24

5.86 41.0 Mil
Government

United States Treasury Notes 2.38%

5.09 35.7 Mil
Government

United States Treasury Notes 4.88%

3.02 21.1 Mil
Government

Payden Emerging Markets Local Bond SI

1.48 10.4 Mil
—

Swap Vm Godman Sachs Usd

1.24 8.7 Mil
Government

Usd/Brl Fwd 20240110 00908

1.03 7.2 Mil
Derivative

Secretaria Tesouro Nacional

1.01 7.1 Mil
Government

Usd/Gbp Fwd 20240221 816

1.01 7.0 Mil
Derivative