Payden High Income Fund Investor Class (PYHRX)

6.98
Net Asset Value
-0.71%
1 Day
-0.99%
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-2.46% 3 years+9.10%
3 months-1.93% 5 years+8.41%
1 year+6.46% Since inception+5.92%
Data through --

Peer Comparisonvs. High yield bond

 PYHRXCategory
Performance 5-yr return+8.41%+12.57%
Expense ratio0.66%1.13%
Risk 5 year sharpe ratio1.541.66
Net assets$770.4M$1.6B
Average market cap$23.6B$12.6B
Average P/E32.321.0
Portfolio turnover25%25%

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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 income97.29%
Cash1.35%
U.S. stock0.75%
Other0.60%
International stock0.00%
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
-- 5 Year US Treasury Note Future Sept145.99%
-- Usd Irs 5yr Prim Sep145.11%
-- Sprint Cap 6.9%1.26%
PYCIX Payden Emerging Markets Corp Bd Instl1.22%
-- Centurylink 5.8%1.02%
-- Biomet 6.5%0.95%
-- Intelsat Jackson Hldgs 7.25%0.85%
-- Chs / Cmnty Health Sys 144A 6.875%0.81%
-- Arcelormittal Sa Luxembourg 6.25%0.79%
-- Chrysler Grp Llc / Cg Co-Iss 8%0.78%

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