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Morningstar

Payden Corporate Bond Adviser PYAYX

Morningstar Medalist Rating
Medalist Rating as of | See Payden Investment Hub
  • NAV / 1-Day Return 9.61  /  +0.10 %
  • Total Assets 368.2 Mil
  • Adj. Expense Ratio
    0.910%
  • Expense Ratio 0.910%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Corporate Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield —
  • Effective Duration 7.13 years

USD | NAV as of May 10, 2024 | 1-Day Return as of May 10, 2024, 12:38 AM GMT+0

Morningstar’s Analysis PYAYX

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

  • People Pillar

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

Payden Corporate Bond Adviser boasts strong Process and People Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings PYAYX

More PYAYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future Mar 24

2.62 9.4 Mil
Government

5 Year Treasury Note Future Mar 24

2.26 8.2 Mil
Government

US Treasury Bond Future Mar 24

2.16 7.8 Mil
Government

10 Year Treasury Note Future Mar 24

1.69 6.1 Mil
Government

Payden Emerging Markets Corp Bd SI

1.38 5.0 Mil
—

FS KKR Capital Corp 4.25%

1.01 3.7 Mil
Corporate

Other- Interest Receivable

1.00 3.6 Mil
Cash and Equivalents

Payden Cash Reserves Money Market

0.91 3.3 Mil
Cash and Equivalents

Ford Motor Credit Company LLC 2.3%

0.86 3.1 Mil
Corporate

Nissan Motor Co Ltd. 4.35%

0.85 3.1 Mil
Corporate