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Morningstar

Payden Corporate Bond PYACX

Morningstar Medalist Rating
Medalist Rating as of | See Payden Investment Hub
  • NAV / 1-Day Return 9.29  /  0.43 %
  • Total Assets 357.1 Mil
  • Adj. Expense Ratio
    0.660%
  • Expense Ratio 0.660%
  • 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 3.85%
  • Effective Duration 7.15 years

USD | NAV as of Sep 23, 2023 | 1-Day Return as of Sep 23, 2023, 12:14 AM GMT+0

Morningstar’s Analysis PYACX

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

People Pillar

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

Strength in Payden Corporate Bond's Process Pillar is partially offset by an Average People Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

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 PYACX

More PYACX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 280
  • Other Holdings 7
  • % Assets in Top 10 Holdings 11.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

US 2 Year Note (CBT) Sept13

2.59
9,344,109
Government

US 10 Year Note (CBT) Sept13

2.55
9,178,875
Government

US 5 Year Note (CBT) Sept13

2.25
8,120,125
Government

US Treasury Bond Future Sept 23

2.21
7,977,375
Government

Payden Cash Reserves Money Market

1.77
6,387,162
Cash and Equivalents

Payden Emerging Markets Corp Bd SI

1.38
4,964,623
—

Other-Interest Receivable

1.09
3,935,882
Cash and Equivalents

FS KKR Capital Corp 4.25%

0.99
3,553,670
Corporate

Ford Motor Credit Company LLC 2.3%

0.84
3,036,611
Corporate

HSBC Holdings PLC 7.39%

0.83
3,002,161
Corporate