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Trending ETFs

Payden Low Duration Fund

mutual fund
PYLWX
Payout Change
Pending
Price as of:
$9.83 +0.01 +0.1%
primary theme
N/A
PYLWX (Mutual Fund)

Payden Low Duration Fund

Payout Change
Pending
Price as of:
$9.83 +0.01 +0.1%
primary theme
N/A
PYLWX (Mutual Fund)

Payden Low Duration Fund

Payout Change
Pending
Price as of:
$9.83 +0.01 +0.1%
primary theme
N/A

Name

As of 10/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.83

$979 M

3.99%

$0.39

0.78%

Vitals

YTD Return

4.7%

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$979 M

Holdings in Top 10

28.9%

52 WEEK LOW AND HIGH

$9.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.78%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.83

$979 M

3.99%

$0.39

0.78%

PYLWX - Profile

Distributions

  • YTD Total Return 4.7%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 4.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Payden Low Duration Fund
  • Fund Family Name
    N/A
  • Inception Date
    Feb 28, 2022
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

ª
The Fund invests in a wide variety of debt instruments and income-producing securities payable primarily in U.S. dollars. These include (1) debt securities issued or guaranteed by the U.S. Government and foreign governments and their agencies and instrumentalities, political subdivisions of foreign governments (such as provinces and municipalities), and supranational organizations (such as the World Bank); (2) debt securities, loans and commercial paper issued by U.S. and foreign companies; (3) U.S. and foreign mortgage-related securities, including collateralized mortgage-backed obligations, credit risk transfer securities and commercial mortgage-backed obligations, and U.S. and foreign asset-backed debt securities, including collateralized debt obligations and collateralized loan obligations; (4) municipal securities, which are debt obligations issued by state and local governments, territories and possessions of the United States, regional governmental authorities, and their agencies and instrumentalities, the interest on which may, or may not, be exempt from Federal income tax; and (5) convertible bonds and preferred stock.
ª
The Fund invests at least 75% of its total assets in investment grade debt securities, but may invest up to 25% of its total assets in debt securities rated below investment grade. The overall average credit quality of the Fund will remain investment grade. Investment grade debt securities are rated within 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.
ª
The Fund invests in debt securities of any maturity, although under normal market conditions the Fund’s maximum average portfolio maturity (on a dollar-weighted basis) is four years. In calculating the Fund’s average portfolio maturity, the Fund uses a security’s stated maturity, or if applicable, an earlier date based on the Adviser’s belief that the security may be subject, for example, to a call, a put, a refunding, a prepayment, a redemption provision, an adjustable coupon rate, or the like, that will cause the security to be repaid earlier.
ª
To gain exposure to various markets consistent with the investment strategies of the Fund, the Fund may invest in exchange-traded funds (“ETFs”) and other investment companies, including for example, other open-end or closed-end investment companies, and including investment companies for which the Adviser provides investment management services (affiliated funds).
ª
The Fund may invest in many different types of derivatives, such as futures, forwards, swaps and options. These positions may be used for the purposes of either hedging currency exposure in the portfolio or to obtain exposure to various market sectors. Currency positions may be employed for the purposes of hedging non-dollar denominated bonds or to take an active position in a currency, both long or short.
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PYLWX - Performance

Return Ranking - Trailing

Period PYLWX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.7% N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period PYLWX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period PYLWX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.7% N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period PYLWX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

NAV & Total Return History


PYLWX - Holdings

Concentration Analysis

PYLWX Category Low Category High PYLWX % Rank
Net Assets 979 M N/A N/A N/A
Number of Holdings 249 N/A N/A N/A
Net Assets in Top 10 285 M N/A N/A N/A
Weighting of Top 10 28.91% N/A N/A N/A

Top 10 Holdings

  1. United States Treasury Note/Bond 13.74%
  2. United States Treasury Note/Bond 4.15%
  3. United States Treasury Note/Bond 2.13%
  4. United States Treasury Note/Bond 1.67%
  5. United States Treasury Note/Bond 1.38%
  6. Fannie Mae Connecticut Avenue Securities 1.35%
  7. United States Treasury Note/Bond 1.23%
  8. Federal Home Loan Banks 1.19%
  9. Texas Natural Gas Securitization Finance Corp 1.06%
  10. Westlake Automobile Receivables Trust 2023-2 1.02%

Asset Allocation

Weighting Return Low Return High PYLWX % Rank
Bonds
77.80% N/A N/A N/A
Other
21.52% N/A N/A N/A
Stocks
0.75% N/A N/A N/A
Cash
0.23% N/A N/A N/A
Preferred Stocks
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High PYLWX % Rank
Utilities
0.00% N/A N/A N/A
Technology
0.00% N/A N/A N/A
Real Estate
0.00% N/A N/A N/A
Industrials
0.00% N/A N/A N/A
Healthcare
0.00% N/A N/A N/A
Financial Services
0.00% N/A N/A N/A
Energy
0.00% N/A N/A N/A
Communication Services
0.00% N/A N/A N/A
Consumer Defense
0.00% N/A N/A N/A
Consumer Cyclical
0.00% N/A N/A N/A
Basic Materials
0.00% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High PYLWX % Rank
US
0.75% N/A N/A N/A
Non US
0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High PYLWX % Rank
Cash & Equivalents
0.23% N/A N/A N/A
Derivative
0.12% N/A N/A N/A
Securitized
0.00% N/A N/A N/A
Corporate
0.00% N/A N/A N/A
Municipal
0.00% N/A N/A N/A
Government
0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High PYLWX % Rank
US
77.80% N/A N/A N/A
Non US
0.00% N/A N/A N/A

PYLWX - Expenses

Operational Fees

PYLWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% N/A N/A N/A
Management Fee 0.28% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

PYLWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

PYLWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PYLWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

PYLWX - Distributions

Dividend Yield Analysis

PYLWX Category Low Category High PYLWX % Rank
Dividend Yield 3.99% N/A N/A N/A

Dividend Distribution Analysis

PYLWX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly

Net Income Ratio Analysis

PYLWX Category Low Category High PYLWX % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

PYLWX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

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PYLWX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A