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Morningstar

Payden High Income Adv PYRLX

Morningstar Medalist Rating
Medalist Rating as of | See Payden Investment Hub
  • NAV / 1-Day Return 6.28  /  0.00
  • Total Assets 720.3 Mil
  • Adj. Expense Ratio
    0.850%
  • Expense Ratio 0.850%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield —
  • Effective Duration 3.29 years

USD | NAV as of May 11, 2024 | 1-Day Return as of May 11, 2024, 12:56 AM GMT+0

Morningstar’s Analysis PYRLX

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

  • People Pillar

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

A sound investment process and strong management team underpin Payden High Income 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 PYRLX

More PYRLX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Payden Cash Reserves Money Market

3.98 25.2 Mil
Cash and Equivalents

Usd/Eur Fwd 20240318 00908

2.49 15.8 Mil
Derivative

Other- Interest Receivable

1.18 7.4 Mil
Cash and Equivalents

CONNECTICUT AVENUE SECURITIES TRUST 14.69%

0.70 4.4 Mil
Securitized

Altice France S.A 5.13%

0.69 4.4 Mil
Corporate

IHO Verwaltungs GmbH 3.75%

0.67 4.2 Mil
Corporate

Verde Purchaser LLC 10.5%

0.66 4.2 Mil
Corporate

Wynn Resorts Finance Llc / Wynn Resorts Capital Corp 7.13%

0.65 4.1 Mil
Corporate

Bond- Unsettled Sales

0.64 4.1 Mil
Cash and Equivalents

Mic Glen Llc Term Loan

0.64 4.0 Mil
Corporate