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Morningstar

Payden Managed Income Adviser PKCBX

Morningstar Medalist Rating
Medalist Rating as of | See Payden Investment Hub
  • NAV / 1-Day Return 10.08  /  0.00
  • Total Assets 116.4 Mil
  • Adj. Expense Ratio
    1.200%
  • Expense Ratio 1.200%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 25,000
  • Status Open
  • TTM Yield 5.48%
  • Effective Duration 0.00 years

USD | NAV as of Jul 27, 2024 | 1-Day Return as of Jul 27, 2024, 12:12 AM GMT+0

Morningstar’s Analysis PKCBX

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

  • People Pillar

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

A sound investment process and strong management team underpin Payden Managed Income Adviser's Morningstar Medalist Rating of Bronze.

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
Rated on Published on

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Portfolio Holdings PKCBX

More PKCBX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future Sept 24

39.36 46.1 Mil
Government

Usd/Eur Fwd 20240626 00908

12.26 14.4 Mil
Derivative

United States Treasury Notes 2.375%

5.03 5.9 Mil
Government

Usd/Brl Fwd 20240701 816

4.26 5.0 Mil
Derivative

Secretaria Tesouro Nacional

4.04 4.7 Mil
Cash and Equivalents

United States Treasury Notes 4.875%

2.14 2.5 Mil
Government

Bond- Unsettled Sales

1.78 2.1 Mil
Cash and Equivalents

Payden Emerging Markets Local Bond SI

1.32 1.5 Mil
—

Usd/Gbp Fwd 20240822 00229

1.01 1.2 Mil
Derivative

EXETER AUTOMOBILE RECEIVABLES TRUST 2022-1 5.02%

0.89 1.0 Mil
Securitized