Payden Absolute Return Bond Investor (PYARX)
| Fund Assets | 653.06M |
| Expense Ratio | 0.71% |
| Min. Investment | $5,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.58 |
| Dividend Yield | 6.08% |
| Dividend Growth | 0.24% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 29, 2025 |
| Previous Close | 9.47 |
| YTD Return | 4.44% |
| 1-Year Return | 5.60% |
| 5-Year Return | 19.52% |
| 52-Week Low | 9.35 |
| 52-Week High | 9.62 |
| Beta (5Y) | n/a |
| Holdings | 406 |
| 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 5.60% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.11%.
Top 10 Holdings
15.39% of assets| Name | Symbol | Weight |
|---|---|---|
| US TREASURY N/B - United States Treasury Note/Bond | T.3.875 03.31.27 | 3.79% |
| Payden Emerging Markets Local Bond SI | PYILX | 2.95% |
| The Payden & Rygel Investment Group - Payden Cash Reserves Money Market Fund | PBHXX | 1.78% |
| Onslow Bay Financial LLC - OBX 2025-NQM2 Trust | OBX.2025-NQM2 A1 | 1.13% |
| NOTA DO TESOURO NACIONAL - Brazil Notas do Tesouro Nacional Serie F | BNTNF.10 01.01.31 NTNF | 1.04% |
| Republic of South Africa Government Bond | SAGB.8.875 02.28.35 2035 | 1.00% |
| MEX BONOS DESARR FIX RT - Mexican Bonos | n/a | 0.99% |
| Fannie Mae - CAS - Connecticut Avenue Securities Trust 2022-R02 | n/a | 0.95% |
| Freddie Mac - STACR - Freddie Mac STACR REMIC Trust 2021-DNA6 | n/a | 0.88% |
| Fannie Mae - CAS - Connecticut Avenue Securities Trust 2023-R03 | n/a | 0.87% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Apr 29, 2025 | $0.0436 | Apr 29, 2025 |