Morningstar

Payden Absolute Return Bond Fund SI Class PYAIX

Morningstar Medalist Rating
Medalist Rating as of | See Payden Investment Hub
  • NAV / 1-Day Return 9.30  /  0.00
  • Total Assets 573.2M
  • Adj. Expense Ratio
    0.480%
  • Expense Ratio 0.470%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 10M
  • Status Open
  • TTM Yield 6.54%
  • Effective Duration 2.38 years

USD | NAV as of Jul 22, 2026 | 1-Day Return as of Jul 22, 2026, 12:51 AM GMT+0

Morningstar’s Analysis PYAIX

Will PYAIX outperform in the 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Payden Absolute Return Bond SI holds a quantitatively derived Silver Morningstar Medalist Rating. The rating reflects that it has scored well on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
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Portfolio Holdings PYAIX

More PYAIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 37.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future Sept 26

77.80 477M
Government

Usd/Eur Fwd 20260617 50

13.13 81M
Derivative

Payden Emerging Markets Local Bond SI

4.80 29M
—

Eur/Usd Fwd 20260617 50

3.38 21M
Derivative

Usd/Mxn Fwd 20260826 00816

1.89 12M
Derivative

Jpy/Usd Fwd 20260827 00816

1.76 11M
Derivative

Mexico (United Mexican States) 7.75%

1.75 11M
Government

Usd/Chf Fwd 20260827 00816

1.53 9M
Derivative

Eur/Usd Fwd 20260827 189

1.51 9M
Derivative

Usd/Brl Fwd 20260615 00049

1.43 9M
Derivative

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