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.
Payden Managed Income Adviser PKCBX
- NAV / 1-Day Return 9.82 / −0.10 %
- Total Assets 118.9 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.200%
- Distribution Fee Level High
- Share Class Type No Load
- Category Multisector Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 25,000
- Status Open
- TTM Yield 5.62%
- Effective Duration —
USD | NAV as of Mar 27, 2024 | 1-Day Return as of Mar 27, 2024, 10:23 PM GMT+0
Morningstar’s Analysis PKCBX
Will PKCBX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings −7.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Cash Offset- Futures | 20.93 | 23.5 Mil | Cash and Equivalents |
2 Year Treasury Note Future Mar 24 | 8.94 | 10.0 Mil | Government |
Usd/Eur Fwd 20240318 00908 | 6.56 | 7.4 Mil | Derivative |
United States Treasury Notes 4.88% | 5.19 | 5.8 Mil | Government |
United States Treasury Notes 2.38% | 5.00 | 5.6 Mil | Government |
Secretaria Tesouro Nacional | 3.79 | 4.3 Mil | Government |
Usd/Brl Fwd 20240110 00908 | 3.73 | 4.2 Mil | Derivative |
Federal National Mortgage Association 6% | 1.47 | 1.7 Mil | Securitized |
Payden Emerging Markets Local Bond SI | 1.41 | 1.6 Mil | — |
Federal National Mortgage Association 9.59% | 1.07 | 1.2 Mil | Securitized |