Payden Floating Rate Fund Investor Class (PYFRX)
| Fund Assets | 111.49M |
| Expense Ratio | 0.71% |
| Min. Investment | $5,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.84 |
| Dividend Yield | 8.63% |
| Dividend Growth | 1.43% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2025 |
| Previous Close | 9.75 |
| YTD Return | 0.94% |
| 1-Year Return | 7.93% |
| 5-Year Return | 36.70% |
| 52-Week Low | n/a |
| 52-Week High | n/a |
| Beta (5Y) | 0.22 |
| Holdings | 162 |
| Inception Date | Nov 11, 2013 |
About PYFRX
The Fund's investment strategy focuses on Loan Participation with 0.75% total expense ratio. The minimum amount to invest in Payden & Rygel Investment Group: Payden Floating Rate Fund; Investor Class Shares is $5,000 on a standard taxable account. Payden & Rygel Investment Group: Payden Floating Rate Fund; Investor Class Shares seeks high levels of current income, with long-term capital appreciation as a second objective. PYFRX will invest at least 80% of its total assets in income-producing floating rate loans and other floating rate debt instruments, with a substantial portion to senior loans and instruments below investment grade.
Performance
PYFRX had a total return of 7.93% in the past year. Since the fund's inception, the average annual return has been 4.44%, including dividends.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| undefined | Fidelity | Fidelity Series Floating Rate High Income Fund | n/a |
Top 10 Holdings
20.61% of assets| Name | Symbol | Weight |
|---|---|---|
| Bond- Unsettled Sales | n/a | 6.91% |
| The Payden & Rygel Investment Group - Payden Cash Reserves Money Market Fund | PBHXX | 4.58% |
| Us Dollar | n/a | 1.27% |
| Sandisk Corp Term Loan B | n/a | 1.20% |
| Albion Financing 3 Sarl Term Loan B | n/a | 1.20% |
| Flynn Restaurant Group Term Loan B | n/a | 1.19% |
| Frontier Communications Term Loan B | n/a | 1.08% |
| Fertitta Entertainment L Term Loan B | n/a | 1.08% |
| Athenahealth Group Inc Term Loan B | n/a | 1.06% |
| Tk Elevator Term Loan B | n/a | 1.03% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2025 | $0.0547 | Feb 27, 2025 |
| Jan 30, 2025 | $0.0569 | Jan 30, 2025 |
| Dec 30, 2024 | $0.066 | Dec 30, 2024 |
| Nov 27, 2024 | $0.0616 | Nov 27, 2024 |
| Oct 30, 2024 | $0.0663 | Oct 30, 2024 |
| Sep 27, 2024 | $0.0699 | Sep 27, 2024 |