Payden Corporate Bond Fund (PYACX)
| Fund Assets | 422.29M |
| Expense Ratio | 0.66% |
| Min. Investment | $5,000 |
| Turnover | 42.00% |
| Dividend (ttm) | 0.45 |
| Dividend Yield | 4.47% |
| Dividend Growth | 0.13% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 29, 2026 |
| Previous Close | 10.01 |
| YTD Return | 1.47% |
| 1-Year Return | 8.55% |
| 5-Year Return | 3.39% |
| 52-Week Low | 9.13 |
| 52-Week High | 10.03 |
| Beta (5Y) | 0.36 |
| Holdings | 340 |
| Inception Date | Mar 12, 2009 |
About PYACX
Payden Corporate Bond Fund is a diversified mutual fund that primarily focuses on investment-grade corporate bonds issued by companies with strong market positions, consistent cash flow, and stable management. Its main objective is to deliver a high level of total return while preserving capital through active credit research and management. The fund employs a bottom-up selection process, targeting issuers with a near-term catalyst for potential outperformance and identifies emerging 'rising stars'—corporates poised for upgrade to investment grade. While at least 80% of the portfolio is allocated to investment-grade corporates, the fund retains flexibility by investing up to 20% in below investment-grade securities and select emerging market debt, optimizing for risk and opportunity across sectors and maturities. Its effective duration is moderately long, reflecting exposure to a full maturity spectrum. Intended as a core fixed-income allocation, the fund distributes income monthly and is managed by an experienced team employing forward-looking analysis. Payden Corporate Bond Fund plays a prominent role in the U.S. credit market by offering access to high-quality credits while actively managing credit and interest rate risk through rigorous in-house research and diversification.
Performance
PYACX had a total return of 8.55% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.48%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 29, 2026 | $0.0355 | Jan 29, 2026 |
| Dec 30, 2025 | $0.0386 | Dec 30, 2025 |
| Nov 26, 2025 | $0.0369 | Nov 26, 2025 |
| Oct 30, 2025 | $0.038 | Oct 30, 2025 |
| Sep 29, 2025 | $0.0368 | Sep 29, 2025 |
| Aug 28, 2025 | $0.0384 | Aug 28, 2025 |