Payden Floating Rate Adv (PYBLX)
| Fund Assets | 130.51M |
| Expense Ratio | 0.96% |
| Min. Investment | $10,000,000 |
| Turnover | 62.00% |
| Dividend (ttm) | 0.71 |
| Dividend Yield | 7.36% |
| Dividend Growth | -16.21% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 26, 2025 |
| Previous Close | 9.69 |
| YTD Return | 6.29% |
| 1-Year Return | 6.23% |
| 5-Year Return | n/a |
| 52-Week Low | 8.95 |
| 52-Week High | 9.69 |
| Beta (5Y) | n/a |
| Holdings | 177 |
| Inception Date | n/a |
About PYBLX
Payden Floating Rate Fund Adviser Class is a mutual fund primarily designed to provide a high level of current income by investing in floating-rate debt instruments. The fund focuses on bank loans and high-yield corporate debt, particularly in the BB and high single-B rating spectrum, seeking favorable risk-return characteristics within the higher quality segments of the leveraged loan market. By investing in these floating-rate instruments, the fund aims to offer reduced sensitivity to interest rate changes compared to fixed-rate debt, making it an attractive option for investors seeking to mitigate interest rate risk. The fund plays a notable role in the financial market by offering diversified exposure to short-term, income-generating securities and facilitating access to large, institutional loan allocations that may be less accessible to individual investors. It typically appeals to those who prioritize current income and a defensive posture against rising interest rates, as well as investors seeking alternatives to traditional fixed-income products.
Performance
PYBLX had a total return of 6.23% in the past year, including dividends. Since the fund's inception, the average annual return has been 16.87%.
Top 10 Holdings
19.46% of assets| Name | Symbol | Weight |
|---|---|---|
| The Payden & Rygel Investment Group - Payden Cash Reserves Money Market Fund | PBHXX | 10.72% |
| Pitney Bowes Inc - PITNEY BOWE 01/31/32 | PBI.L 03.19.32 6 | 1.07% |
| Quikrete Holdings Inc - QUIKRETE HOLDING 01/30/32 | n/a | 1.05% |
| Flynn Restaurant Group LP | FLYRES.L 12.04.28 4 | 1.03% |
| Sandisk Corporation - SANDISK CORP | n/a | 1.01% |
| Fertitta Entertainment LLC - FERTITTA ENTERTAINMENT L | NUGGET.L 01.29.29 12 | 0.93% |
| Frontier Communications Holdings, LLC - FRONTIER COMMUNICATIONS | n/a | 0.93% |
| ATHENAHEALTH GROUP INC | n/a | 0.92% |
| TK Elevator Midco Gmbh - TK ELEVATOR US NEWCO INC | n/a | 0.89% |
| LEIA FINCO US LLC | DARKLN.L 10.12.32 1A | 0.89% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 26, 2025 | $0.0546 | Nov 26, 2025 |
| Oct 30, 2025 | $0.0585 | Oct 30, 2025 |
| Sep 29, 2025 | $0.0534 | Sep 29, 2025 |
| Aug 28, 2025 | $0.0585 | Aug 28, 2025 |
| Jul 30, 2025 | $0.0577 | Jul 30, 2025 |
| Jun 27, 2025 | $0.0559 | Jun 27, 2025 |