Payden Floating Rate Fund Adviser (PYBLX)
| Fund Assets | 128.51M |
| Expense Ratio | 0.96% |
| Min. Investment | $100,000 |
| Turnover | 86.00% |
| Dividend (ttm) | 0.65 |
| Dividend Yield | 6.80% |
| Dividend Growth | -19.78% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 29, 2026 |
| Previous Close | 9.57 |
| YTD Return | 1.13% |
| 1-Year Return | 6.55% |
| 5-Year Return | n/a |
| 52-Week Low | 9.48 |
| 52-Week High | 9.71 |
| Beta (5Y) | n/a |
| Holdings | 162 |
| 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 6.55% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.29%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 29, 2026 | $0.0521 | Apr 29, 2026 |
| Mar 30, 2026 | $0.0514 | Mar 30, 2026 |
| Feb 26, 2026 | $0.0445 | Feb 26, 2026 |
| Jan 29, 2026 | $0.0488 | Jan 29, 2026 |
| Dec 30, 2025 | $0.0546 | Dec 30, 2025 |
| Nov 26, 2025 | $0.0546 | Nov 26, 2025 |