Payden Corporate Bond Adviser (PYAYX)
| Fund Assets | 397.04M |
| Expense Ratio | 0.91% |
| Min. Investment | $100,000 |
| Turnover | 42.00% |
| Dividend (ttm) | 0.43 |
| Dividend Yield | 4.34% |
| Dividend Growth | -1.23% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 30, 2026 |
| Previous Close | 9.83 |
| YTD Return | -0.46% |
| 1-Year Return | 4.28% |
| 5-Year Return | n/a |
| 52-Week Low | 9.56 |
| 52-Week High | 10.20 |
| Beta (5Y) | n/a |
| Holdings | 351 |
| Inception Date | n/a |
About PYAYX
The Payden Corporate Bond Fund Adviser Class is an open-ended mutual fund focused on investment-grade corporate bonds. Its primary purpose is to provide investors with exposure to a diverse portfolio of high-quality corporate debt from issuers with strong market positions, stable management, robust cash flows, and predictable earnings. The fund is actively managed, leveraging in-depth, forward-looking credit analysis to identify attractive opportunities across sectors and maturities, including early recognition of potential "rising stars"—companies likely to be upgraded to investment grade. While the fund principally invests in investment-grade securities, up to 20% of assets may be allocated to below investment-grade or emerging-market debt, allowing for tactical flexibility. It pays dividends monthly and targets a risk-return profile similar to the broader U.S. corporate bond market, with an average portfolio credit quality around BBB. The fund serves as a core fixed-income holding for investors seeking dedicated exposure to corporate credit through a research-driven approach and broad sector diversification.
Performance
PYAYX had a total return of 4.28% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.59%.
Top 10 Holdings
9.12% of assets| Name | Symbol | Weight |
|---|---|---|
| The Payden & Rygel Investment Group - Payden Cash Reserves Money Market Fund | PBHXX | 2.90% |
| Payden Emerging Markets Corporate Bond Fund SI Class | PYCIX | 1.26% |
| Nissan Motor Co Ltd | NSANY.4.345 09.17.27 144A | 0.77% |
| HSBC Holdings PLC | HSBC.V7.39 11.03.28 | 0.73% |
| Ares Capital Corp | ARCC.5.95 07.15.29 | 0.63% |
| Duke Energy Florida LLC | DUK.5.95 11.15.52 | 0.57% |
| American Express Co | AXP.8.15 03.19.38 | 0.57% |
| Nationwide Mutual Insurance Co | NATMUT.9.375 08.15.39 144A | 0.57% |
| VB-S1 Issuer LLC - VBTEL | n/a | 0.56% |
| TEACHERS INSUR & ANNUITY - Teachers Insurance & Annuity Association of America | TIAAGL.6.85 12.16.39 144A | 0.56% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 30, 2026 | $0.0373 | Mar 30, 2026 |
| Feb 26, 2026 | $0.0334 | Feb 26, 2026 |
| Jan 29, 2026 | $0.0337 | Jan 29, 2026 |
| Dec 30, 2025 | $0.0369 | Dec 30, 2025 |
| Nov 26, 2025 | $0.0352 | Nov 26, 2025 |
| Oct 30, 2025 | $0.0362 | Oct 30, 2025 |