PYHRX – Payden High Income Investment Strategy | Morningstar

Morningstar

Strategy

The investment seeks high current income while providing for capital appreciation by investing primarily in a diversified portfolio of below investment grade bonds. The fund invests in a wide variety of debt instruments and income-producing securities. It normally invests at least 80% of its total assets in corporate debt securities rated below investment grade. Below investment grade debt securities are rated below the four highest grades by at least one Nationally Recognized Statistical Rating Organization, or are securities that the fund's adviser, Payden & Rygel ("Payden"), determines to be of comparable quality.

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
PYRLX	Payden High Income Fund Advisor	No Load	Open			Nov 30, 2023	$8.01M	0.860%	Above Average	$5,000	$687,461.48
PYHRX	Payden High Income Fund Investor Class	Institutional	Open			Dec 30, 1997	$383.38M	0.610%	Below Average	$100,000	$153.37M
PYCHX	Payden High Income Fund SI Class	Institutional	Open			Feb 28, 2022	$851.09M	0.560%	Low	$10M	$74.29M

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