Payden Absolute Return Bond Investor 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.
Payden Absolute Return Bond Fund Investor Class PYARX
- NAV / 1-Day Return 9.29 / +0.11 %
- Total Assets 611.5M
-
Adj. Expense Ratio
0.710%
- Expense Ratio 0.700%
- Distribution Fee Level Below Average
- Share Class Type Institutional
- Category Nontraditional Bond
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment 100,000
- Status Open
- TTM Yield 6.24%
- Effective Duration 2.38 years
USD | NAV as of Jun 13, 2026 | 1-Day Return as of Jun 13, 2026, 12:46 AM GMT+0
Morningstar’s Analysis PYARX
Will PYARX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
The People Pillar is our evaluation of the PYARX 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 PYARX’s parent organization’s priorities and whether they’re in line with investors’ interests.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 64.0
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
2 Year Treasury Note Future June 26 | 88.56 | 541M | Government |
Usd/Eur Fwd 20260617 50 | 9.64 | 59M | Derivative |
Brl/Usd Fwd 20260407 00049 | 5.90 | 36M | Derivative |
Usd/Brl Fwd 20260407 00049 | 5.46 | 33M | Derivative |
Payden Emerging Markets Local Bond SI | 4.72 | 29M | — |
iShares JP Morgan USD Em Mkts Bd ETF | 2.35 | 14M | — |
Usd/Mxn Fwd 20260521 00816 | 1.92 | 12M | Derivative |
Jpy/Usd Fwd 20260520 00049 | 1.88 | 11M | Derivative |
Mexico (United Mexican States) 7.75% | 1.70 | 10M | Government |
Usd/Chf Fwd 20260520 00816 | 1.65 | 10M | Derivative |
United States