Payden Floating Rate Fund Investor Class (PYFRX)
| Fund Assets | 132.90M |
| Expense Ratio | 0.71% |
| Min. Investment | $5,000 |
| Turnover | 86.00% |
| Dividend (ttm) | 0.72 |
| Dividend Yield | 7.53% |
| Dividend Growth | -14.93% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 29, 2026 |
| Previous Close | 9.59 |
| YTD Return | -0.10% |
| 1-Year Return | 5.78% |
| 5-Year Return | 34.82% |
| 52-Week Low | 8.86 |
| 52-Week High | 9.63 |
| Beta (5Y) | 0.12 |
| Holdings | 168 |
| 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 5.78% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.67%.
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 |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 29, 2026 | $0.0507 | Jan 29, 2026 |
| Dec 30, 2025 | $0.0566 | Dec 30, 2025 |
| 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 |