Payden Floating Rate Fund SI Class (PYFIX)
| Fund Assets | 132.50M |
| Expense Ratio | 0.61% |
| Min. Investment | $50,000,000 |
| Turnover | 86.00% |
| Dividend (ttm) | 0.69 |
| Dividend Yield | 7.30% |
| Dividend Growth | -18.79% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 30, 2026 |
| Previous Close | 9.50 |
| YTD Return | -0.18% |
| 1-Year Return | 5.90% |
| 5-Year Return | 35.30% |
| 52-Week Low | 9.42 |
| 52-Week High | 9.73 |
| Beta (5Y) | n/a |
| Holdings | 171 |
| Inception Date | Nov 11, 2013 |
About PYFIX
Payden Floating Rate Fund SI Class is a mutual fund share class designed to seek a high level of current income through investments in floating-rate debt instruments, with a secondary objective of long-term capital appreciation. At least 80% of its assets are invested in floating-rate securities, primarily focusing on the higher-quality segment of the leveraged loan market. The fund targets companies with strong growth prospects, superior products, and capable management teams, allocating predominantly to bank loans alongside smaller portions in cash, corporate bonds, and asset-backed securities. Its portfolio features a short effective duration of around 0.4 years and an average maturity of 5.3 years, providing limited sensitivity to interest rate fluctuations while offering yields that adjust with benchmark rates. This SI Class, requiring a substantial $10 million investment minimum, serves institutional investors seeking income-oriented fixed income exposure with reduced duration risk. Payden Floating Rate Fund SI Class plays a key role in diversified portfolios as a potential hedge against rising interest rates within the bank loan category.
Performance
PYFIX had a total return of 5.90% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.62%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 30, 2026 | $0.0543 | Mar 30, 2026 |
| Feb 26, 2026 | $0.047 | Feb 26, 2026 |
| Jan 29, 2026 | $0.0515 | Jan 29, 2026 |
| Dec 30, 2025 | $0.0575 | Dec 30, 2025 |
| Nov 26, 2025 | $0.0573 | Nov 26, 2025 |
| Oct 30, 2025 | $0.064 | Oct 30, 2025 |