Payden Absolute Return Bond Adv (PYABX)
| Fund Assets | 652.74M |
| Expense Ratio | 0.96% |
| Min. Investment | $10,000,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.55 |
| Dividend Yield | 5.81% |
| Dividend Growth | n/a |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 28, 2025 |
| Previous Close | 9.53 |
| YTD Return | 4.20% |
| 1-Year Return | 6.22% |
| 5-Year Return | n/a |
| 52-Week Low | 9.36 |
| 52-Week High | 9.63 |
| Beta (5Y) | n/a |
| Holdings | 395 |
| Inception Date | n/a |
About PYABX
Payden Absolute Return Bond Fund – Adviser Class is an actively managed mutual fund focused on delivering total return with an emphasis on capital preservation and low interest rate sensitivity. The strategy targets positive absolute returns across market cycles by investing primarily in global fixed income, including government, corporate, securitized, and emerging‑market debt, and by employing derivatives and currency positions to manage risk and diversify sources of return. The portfolio is flexibly allocated across sectors and geographies, utilizing all areas of the bond market while maintaining relatively limited duration to reduce exposure to interest rate fluctuations. The fund’s objective includes outperforming short‑term cash proxies over time, with materials noting an aim of exceeding local overnight deposit rates by a margin while controlling drawdowns through robust risk management. As part of the Payden Absolute Return Bond suite, the Adviser Class provides access to the same multi‑sector process and risk framework used across share classes, offering monthly income distributions and a profile designed for steady, diversifying returns within a broader asset allocation.
Performance
PYABX had a total return of 6.22% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.19%.
Top 10 Holdings
14.92% of assets| Name | Symbol | Weight |
|---|---|---|
| LETRA TESOURO NACIONAL - Brazil Letras do Tesouro Nacional | BLTN.0 07.01.25 LTN | 4.78% |
| Payden Emerging Markets Local Bond SI | PYILX | 2.00% |
| US TREASURY N/B - United States Treasury Note/Bond | T.3.875 03.31.27 | 1.90% |
| Fannie Mae - CAS - Connecticut Avenue Securities Trust 2023-R03 | n/a | 1.03% |
| Fannie Mae - CAS - Connecticut Avenue Securities Trust 2022-R02 | CAS.2022-R02 2B1 | 0.98% |
| Freddie Mac - STACR - Freddie Mac STACR REMIC Trust 2021-DNA6 | STACR.2021-DNA6 B1 | 0.90% |
| Onslow Bay Financial LLC - OBX 2025-NQM2 Trust | n/a | 0.90% |
| Fannie Mae - CAS - Connecticut Avenue Securities Trust 2021-R01 | CAS.2021-R01 1B1 | 0.86% |
| Freddie Mac - STACR - Freddie Mac STACR REMIC Trust 2021-DNA7 | STACR.2021-DNA7 B1 | 0.79% |
| Republic of Poland Government International Bond | POLAND.5.375 02.12.35 10Y | 0.78% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 28, 2025 | $0.0433 | Aug 28, 2025 |
| Jul 30, 2025 | $0.041 | Jul 30, 2025 |
| Jun 27, 2025 | $0.0406 | Jun 27, 2025 |
| May 29, 2025 | $0.0428 | May 29, 2025 |
| Apr 29, 2025 | $0.0416 | Apr 29, 2025 |
| Mar 28, 2025 | $0.0525 | Mar 28, 2025 |