Payden Floating Rate Adv (PYBLX)
| Fund Assets | 138.06M |
| Expense Ratio | 0.96% |
| Min. Investment | $5,000 |
| Turnover | 62.00% |
| Dividend (ttm) | 0.74 |
| Dividend Yield | 7.63% |
| Dividend Growth | n/a |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 28, 2025 |
| Previous Close | 9.68 |
| YTD Return | 4.37% |
| 1-Year Return | 7.02% |
| 5-Year Return | n/a |
| 52-Week Low | 9.39 |
| 52-Week High | 9.83 |
| Beta (5Y) | n/a |
| Holdings | 156 |
| 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 7.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.10%.
Top 10 Holdings
15.40% of assets| Name | Symbol | Weight |
|---|---|---|
| The Payden & Rygel Investment Group - Payden Cash Reserves Money Market Fund | PBHXX | 5.03% |
| PetSmart LLC | PETM.L 02.14.28 1 | 1.44% |
| Pitney Bowes Inc - PITNEY BOWE 01/31/32 | PBI.L 03.19.32 6 | 1.19% |
| Albion Financing 3 SARL - AGGREKO HOLDINGS INC | AGKLN.L 08.02.29 12 | 1.16% |
| Quikrete Holdings Inc - QUIKRETE HOLDING 01/30/32 | QUIKHO.L 02.10.32 13 | 1.16% |
| Flynn Restaurant Group LP | FLYRES.L 12.04.28 4 | 1.16% |
| Sandisk Corporation - SANDISK CORP | n/a | 1.15% |
| Frontier Communications Holdings, LLC - FRONTIER COMMUNICATIONS | FYBR.L 07.01.31 7 | 1.04% |
| ATHENAHEALTH GROUP INC | ATHENA.L 02.15.29 7 | 1.03% |
| FERTITTA ENTERTAINMENT LLC/NV | NUGGET.L 01.29.29 4 | 1.03% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 28, 2025 | $0.0585 | Aug 28, 2025 |
| Jul 30, 2025 | $0.0577 | Jul 30, 2025 |
| Jun 27, 2025 | $0.0559 | Jun 27, 2025 |
| May 29, 2025 | $0.061 | May 29, 2025 |
| Apr 29, 2025 | $0.0612 | Apr 29, 2025 |
| Mar 28, 2025 | $0.0807 | Mar 28, 2025 |