About PYARX
Payden Absolute Return Bond Fund Investor Class is a mutual fund that pursues positive absolute returns across varying market environments through a flexible, multi-sector fixed-income strategy. The fund invests globally across government bonds, corporate debt, securitized products, emerging market securities, and select equity-related instruments, while maintaining relatively low interest rate sensitivity. Its portfolio spans mortgage-backed securities, asset-backed securities, investment-grade and high-yield corporate bonds, emerging market debt, and commercial mortgage-backed securities. With an emphasis on risk management and capital preservation, the fund aims to deliver consistent returns whether through price appreciation, income generation, or a combination of both. Designed for investors seeking steady returns with limited downside exposure and reduced correlation to traditional equity and bond markets, the fund is not intended to outperform stocks and bonds during strong market rallies. The fund utilizes flexible security selection across fixed-income sectors to identify attractive risk-adjusted opportunities globally.
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 4.08% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.16%.
