Payden Absolute Return Bond Investor (PYARX)
| Fund Assets | 653.06M |
| Expense Ratio | 0.71% |
| Min. Investment | $5,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.57 |
| Dividend Yield | 6.04% |
| Dividend Growth | -1.24% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Oct 30, 2025 |
| Previous Close | 9.47 |
| YTD Return | 4.80% |
| 1-Year Return | 5.55% |
| 5-Year Return | 18.90% |
| 52-Week Low | 8.97 |
| 52-Week High | 9.48 |
| Beta (5Y) | n/a |
| Holdings | 411 |
| Inception Date | Nov 6, 2014 |
About PYARX
Payden Absolute Return Bond Fund Investor Class is an actively managed mutual fund focused on delivering total return through a flexible, multi‑sector fixed income approach. The fund targets **positive absolute returns over the long term** across market environments by combining income and price appreciation, with an emphasis on **risk management** to mitigate downside. It invests across global government, corporate, securitized, and emerging‑market debt, and may use derivatives and currency strategies to adjust exposures and enhance diversification. The portfolio is structured with **relatively low interest rate sensitivity**, aligning it with the **nontraditional bond** category and aiming for reduced correlation to traditional asset classes. Benchmarked to **1‑month Treasury bill indices**, the strategy positions the fund as a core absolute‑return fixed income allocation rather than a vehicle to outpace broad equity or bond rallies. Established in 2014, it features monthly distributions and a management process that assesses opportunities both inside and outside the United States, seeking consistent, risk‑aware returns within a diversified bond framework.
Performance
PYARX had a total return of 5.55% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.74%.
Top 10 Holdings
70.06% of assets| Name | Symbol | Weight |
|---|---|---|
| 3 Month SOFR Future Sept 26 | n/a | 20.62% |
| Usd/Eur Fwd 20250917 00816 | n/a | 12.71% |
| 5 Year Treasury Note Future Dec 25 | n/a | 11.41% |
| 10 Year Treasury Note Future Dec 25 | n/a | 6.64% |
| Secretaria Do Tesouro Nacional | BLTN.0 10.01.25 LTN | 4.38% |
| Usd/Brl Fwd 20251008 00049 | n/a | 4.31% |
| Eur/Usd Fwd 20250917 00816 | n/a | 3.47% |
| Payden Emerging Markets Local Bond SI | PYILX | 2.63% |
| Aud/Usd Fwd 20251120 00816 | n/a | 2.42% |
| United States Treasury Notes 3.875% | T.3.875 03.31.27 | 1.45% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 30, 2025 | $0.0431 | Oct 30, 2025 |
| Sep 29, 2025 | $0.0459 | Sep 29, 2025 |
| Aug 28, 2025 | $0.0453 | Aug 28, 2025 |
| Jul 30, 2025 | $0.043 | Jul 30, 2025 |
| Jun 27, 2025 | $0.0425 | Jun 27, 2025 |
| May 29, 2025 | $0.0447 | May 29, 2025 |