Payden High Income Fund Investor Class (PYHRX)

6.73
Net Asset Value
+1.05%
1 Day
-4.54%
Year-to-Date
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
0.66%
Expense Ratio
Average
Morningstar Risk Rating™
Investment Objective 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. Investment grade debt securities are rated within the four highest grades by at least one of the major rating agencies, such as Standard & Poor's (at least BBB-), Moody's (at least Baa3) or Fitch (at least BBB-), or are securities that the fund's adviser determines to be of comparable quality.

Performance

1 month-3.86% 3 years+6.65%
3 months-3.91% 5 years+7.06%
1 year+0.64% Since inception+5.74%
Data through --

Peer Comparisonvs. High yield bond

 PYHRXCategory
Performance 5-yr return+7.06%+9.39%
Expense ratio0.66%1.13%
Risk 5 year sharpe ratio1.321.39
Net assets$726.6M$1.5B
Average market cap$29.6B$11.0B
Average P/E33.518.7
Portfolio turnover25%25%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyPaydenfunds
Fund manager & tenureSabur Moini / 14 Years
Minimal initial investment$100,000.00
Minimum IRA investment$100,000.00

Holdings

Fixed income99.10%
International stock1.26%
Other0.79%
U.S. stock0.02%
Cash0.00%
Top 5 Sectors
Portfolio weighting
Energy 100.00%
Business service 0.00%
Consumer goods 0.00%
Consumer service 0.00%
Financial service 0.00%
Top 10 Holdings
Portfolio weighting
-- 10 Year US Treasury Note Future Dec143.83%
-- Sprint Cap 6.9%1.29%
PYCIX Payden Emerging Markets Corp Bd Instl1.27%
-- Biomet 6.5%0.99%
-- Intelsat Jackson Hldgs 7.25%0.89%
-- Chs / Cmnty Health Sys 6.875%0.88%
-- Arcelormittal Sa Luxembourg 6.25%0.84%
-- Mobile Mini 7.875%0.82%
-- Chrysler Grp Llc / Cg Co-Iss 8%0.82%
-- Genon Escrow 9.875%0.80%

To view my watchlist

Not a member yet?

Sign up now for a free account

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.