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.
Fund Family Paydenfunds
Category Nontraditional Bond
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol PYARX
Share Class (investor Class)
Index Index is not available on Lipper Database
PYARX had a total return of 5.87% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.80%.
