Payden Floating Rate Fund Investor Class (PYFRX)
| Fund Assets | 130.51M |
| Expense Ratio | 0.71% |
| Min. Investment | $5,000 |
| Turnover | 62.00% |
| Dividend (ttm) | 0.74 |
| Dividend Yield | 7.62% |
| Dividend Growth | -14.45% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 26, 2025 |
| Previous Close | 9.68 |
| YTD Return | 6.32% |
| 1-Year Return | 6.27% |
| 5-Year Return | 36.71% |
| 52-Week Low | 8.96 |
| 52-Week High | 9.68 |
| Beta (5Y) | 0.12 |
| Holdings | 178 |
| Inception Date | Nov 11, 2013 |
About PYFRX
Payden Floating Rate Fund Investor Class is a mutual fund focused on generating a high level of current income through investments in floating-rate debt instruments. The fund seeks to achieve its objective primarily by investing at least 80% of its assets in senior floating-rate loans and other floating-rate debt, which typically reset periodically based on a reference rate such as SOFR or LIBOR plus a spread. These loans are generally senior secured obligations of U.S. and select foreign companies, often in the BB and high single-B credit rating range, emphasizing higher-quality segments of the leveraged loan market. The fund maintains a relatively short duration profile, reflecting its focus on floating-rate exposure that adjusts with changes in short-term interest rates. It is benchmarked against the Bloomberg U.S. Leveraged Loan Index and is designed for investors seeking income with lower interest rate sensitivity compared to traditional fixed-rate bond funds. Payden Floating Rate Fund Investor Class is managed by Payden & Rygel Investment Management and is categorized within the bank loan mutual fund space.
Performance
PYFRX had a total return of 6.27% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.68%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FFHCX | Fidelity | Fidelity Series Floating Rate High Income Fund | n/a |
Top 10 Holdings
13.47% of assets| Name | Symbol | Weight |
|---|---|---|
| The Payden & Rygel Investment Group - Payden Cash Reserves Money Market Fund | PBHXX | 4.78% |
| Pitney Bowes Inc Term Loan B | n/a | 1.08% |
| Quikrete Term Loan B3 | n/a | 1.06% |
| Flynn Restaurant Group Term Loan B2 | n/a | 1.04% |
| Fertitta Entertainment L | n/a | 0.94% |
| Frontier Communications Term Loan B | n/a | 0.94% |
| Athenahealth Group Inc Term Loan B | n/a | 0.93% |
| Tk Elevator Us Newco Inc Term Loan B | n/a | 0.90% |
| Leia Finco Us Llc Term Loan | n/a | 0.90% |
| Focus Financial Partners Llc Term Loan B8 | n/a | 0.90% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 26, 2025 | $0.0565 | Nov 26, 2025 |
| Oct 30, 2025 | $0.0607 | Oct 30, 2025 |
| Sep 29, 2025 | $0.0555 | Sep 29, 2025 |
| Aug 28, 2025 | $0.0607 | Aug 28, 2025 |
| Jul 30, 2025 | $0.0598 | Jul 30, 2025 |
| Jun 27, 2025 | $0.058 | Jun 27, 2025 |