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Morningstar

Payden Core Bond Adviser PYCWX

Morningstar Medalist Rating
Medalist Rating as of | See Payden Investment Hub
  • NAV / 1-Day Return 8.92  /  −0.34 %
  • Total Assets 929.6 Mil
  • Adj. Expense Ratio
    0.780%
  • Expense Ratio 0.780%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 3.66%
  • Effective Duration 6.09 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 12:21 AM GMT+0

Morningstar’s Analysis PYCWX

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

  • People Pillar

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

A sound investment process and strong management team underpin Payden Core Bond Adviser's Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

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.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PYCWX

More PYCWX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 25.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future Mar 24

20.60 185.8 Mil
Government

United States Treasury Notes 1.25%

2.73 24.6 Mil
Government

United States Treasury Bonds 2.5%

2.23 20.1 Mil
Government

Usd/Eur Fwd 20240318 00908

2.02 18.3 Mil
Derivative

United States Treasury Bonds 2.38%

2.01 18.1 Mil
Government

United States Treasury Notes 3.88%

1.92 17.3 Mil
Government

United States Treasury Bonds 2.38%

1.70 15.4 Mil
Government

United States Treasury Notes 1.38%

1.47 13.3 Mil
Government

Payden Emerging Markets Corp Bd Investor

1.43 12.9 Mil
—

United States Treasury Bonds 3%

1.31 11.8 Mil
Government