Skip to Content
Morningstar

Payden Absolute Return Bond SI PYAIX

Morningstar Medalist Rating
Medalist Rating as of | See Payden Investment Hub
  • NAV / 1-Day Return 9.57  /  −0.10 %
  • Total Assets 550.0 Mil
  • Adj. Expense Ratio
    0.470%
  • Expense Ratio 0.470%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 10.0 Mil
  • Status Open
  • TTM Yield 5.33%
  • Effective Duration —

USD | NAV as of Apr 26, 2024 | 1-Day Return as of Apr 26, 2024, 12:13 AM GMT+0

Morningstar’s Analysis PYAIX

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

  • People Pillar

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

A sound investment process and strong management team underpin Payden Absolute Return Bond SI's Morningstar Medalist Rating of Silver.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PYAIX

More PYAIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings −9.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset- Futures

22.05 154.4 Mil
Cash and Equivalents

Usd/Eur Fwd 20240318 00908

7.97 55.8 Mil
Derivative

2 Year Treasury Note Future Mar 24

5.86 41.0 Mil
Government

United States Treasury Notes 2.38%

5.09 35.7 Mil
Government

United States Treasury Notes 4.88%

3.02 21.1 Mil
Government

Payden Emerging Markets Local Bond SI

1.48 10.4 Mil
—

Swap Vm Godman Sachs Usd

1.24 8.7 Mil
Government

Usd/Brl Fwd 20240110 00908

1.03 7.2 Mil
Derivative

Secretaria Tesouro Nacional

1.01 7.1 Mil
Government

Usd/Gbp Fwd 20240221 816

1.01 7.0 Mil
Derivative