PYFIX – Payden Floating Rate SI Investment Strategy | Morningstar

Morningstar

Strategy

The investment seeks a high level of current income through floating rate debt instruments, with a secondary objective of long-term capital appreciation. The fund invests at least 80% of its total assets in income producing floating rate loans and other floating rate debt instruments. Floating rate loans are typically debt obligations with interest rates that adjust or "float" periodically, often on a daily, monthly, quarterly, or semiannual basis by reference to a base lending rate plus a premium. It invests primarily in senior floating rate loans of domestic and foreign borrowers.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PYBLX	Payden Floating Rate Fund Adviser	No Load	Open			Nov 30, 2023	$266,168.00	0.960%	Above Average	$5,000	−$95,013.17
PYFRX	Payden Floating Rate Fund Investor Class	Institutional	Open			Nov 11, 2013	$50.04M	0.710%	Average	$100,000	−$13.01M
PYFIX	Payden Floating Rate Fund SI Class	Institutional	Open			Nov 11, 2013	$82.77M	0.610%	Low	$10M	$4.37M

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