About PKCBX
Payden Managed Income Fund – Adviser Class is a multisector bond mutual fund designed to deliver consistent total return with an emphasis on income. According to the sponsor, it invests across corporate, mortgage, and emerging‑market debt, complemented by positions that reflect broader industry, interest‑rate, and currency views, and uses futures to manage duration for relatively low interest‑rate sensitivity. The strategy is positioned for investors seeking greater yield opportunity from credit exposure while aiming to reduce correlation to traditional asset classes through diversified fixed‑income sectors and moderate hedging. The fund maintains a broad portfolio spanning hundreds of holdings, reflecting its flexible mandate within income‑producing securities. It targets steady performance characteristics suitable for liability‑aware contexts such as cash balance pension plans, seeking to earn a total return in line with IRS crediting concepts tied to long‑duration Treasury yields, net of fees and expenses. Within its category, fees are notable considerations, but the fund’s role centers on cross‑sector credit allocation with controlled duration and opportunistic use of derivatives to navigate yield curve dynamics.
Fund Family Paydenfunds
Category Multisector Bond
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol PKCBX
Share Class (adviser Class)
Index Index is not available on Lipper Database
PKCBX had a total return of 4.14% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.76%.
