About PKCRX
Payden Managed Income Fund Retirement Class is a multisector bond mutual fund designed to align annual total return, net of fees, with the interest crediting rate used by cash balance pension plans, targeting the 30‑year U.S. Treasury bond yield on an annual basis. The fund invests broadly across fixed income, including corporate, mortgage-related, and other income-producing securities, with flexibility to incorporate diverse sectors to manage risk and enhance income generation. Portfolio construction emphasizes preservation of capital while seeking steady income, using duration management tools such as futures to moderate sensitivity to interest-rate movements and reduce volatility from yield curve shifts. With hundreds of holdings and active turnover, the strategy seeks diversified exposure and liquidity within the bond markets. It serves plan sponsors and retirement-focused investors who require returns calibrated to cash balance plan benchmarks, providing a specialized solution distinct from traditional core bond funds through its objective, sector breadth, and risk controls.
Fund Family Paydenfunds
Category Multisector Bond
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol PKCRX
Share Class (retirement Class)
Index Index is not available on Lipper Database
PKCRX had a total return of 6.77% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.58%.
