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Morningstar

Payden Strategic Income Adv PYSLX

Morningstar Medalist Rating
Medalist Rating as of | See Payden Investment Hub
  • NAV / 1-Day Return 9.51  /  −0.11 %
  • Total Assets 183.9 Mil
  • Adj. Expense Ratio
    0.910%
  • Expense Ratio 0.910%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield —
  • Effective Duration 3.30 years

USD | NAV as of May 18, 2024 | 1-Day Return as of May 18, 2024, 12:47 AM GMT+0

Morningstar’s Analysis PYSLX

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

  • People Pillar

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

Payden Strategic Income Adv boasts strong People and Process Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

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 most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings PYSLX

More PYSLX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 19.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future Mar 24

20.99 37.3 Mil
Government

United States Treasury Bills 4.81%

6.58 11.7 Mil
Government

United States Treasury Notes 4.5%

3.93 7.0 Mil
Government

Usd/Eur Fwd 20240318 00908

3.79 6.7 Mil
Derivative

Ultra 10 Year US Treasury Note Future Mar 24

3.74 6.6 Mil
Government

United States Treasury Notes 1.25%

2.78 4.9 Mil
Government

United States Treasury Notes 4.13%

2.22 4.0 Mil
Government

United States Treasury Notes 4.13%

1.77 3.2 Mil
Government

United States Treasury Notes 3.88%

1.74 3.1 Mil
Government

United States Treasury Notes 1.38%

1.51 2.7 Mil
Government