The Payden Core Bond Fund Adviser Class is a mutual fund focused on providing broad exposure to the U.S. fixed-income market through a diversified portfolio of bonds. Its primary function is to serve as a core fixed-income holding, investing across a comprehensive range of sectors and maturities. The fund participates in government bonds, corporate debt, mortgage- and asset-backed securities, as well as selected below investment-grade and emerging market bonds for diversification and yield enhancement. Portfolio management leverages extensive credit research to make allocation decisions, and investments span from short-term instruments to bonds with maturities of up to 30 years. Payden Core Bond Fund Adviser Class seeks to balance income generation with capital preservation and moderates price volatility through its intermediate-to-long duration profile. It is structured to follow an intermediate core-plus bond strategy, offering greater flexibility in sector and credit selection than traditional core bond funds. With significant assets under management, the fund plays a notable role as a diversified fixed-income solution for investors seeking exposure to the broader bond markets while managing interest rate and credit risks.