Payden GNMA Fund Investor Class (PYGNX)
| Fund Assets | 90.37M |
| Expense Ratio | 0.50% |
| Min. Investment | $5,000 |
| Turnover | 25.00% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 3.73% |
| Dividend Growth | 10.02% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 7.61 |
| YTD Return | 1.83% |
| 1-Year Return | 1.21% |
| 5-Year Return | -8.32% |
| 52-Week Low | 7.38 |
| 52-Week High | 7.88 |
| Beta (5Y) | 0.25 |
| Holdings | 156 |
| Inception Date | Aug 27, 1999 |
About PYGNX
The Payden GNMA Fund Investor Class is an open-end mutual fund that invests primarily in mortgage-backed securities guaranteed by the Government National Mortgage Association (GNMA), also known as Ginnie Mae. Its core objective is to provide income and diversification through securities that benefit from the explicit full faith and credit backing of the U.S. government. By allocating at least 80% of its assets to GNMA mortgage-backed securities, the fund offers exposure to pools of residential mortgages, supplemented by other U.S. government or agency-guaranteed obligations. The fund is tailored for investors seeking stability and income, as GNMA securities are free from corporate credit risk, though their market values will fluctuate with interest rate changes. Notably, the fund features a bias toward long-duration securities and includes allocations to diverse mortgage assets such as adjustable-rate mortgages and multi-family commercial mortgage-backed securities. Since its inception in 1999, the Payden GNMA Fund Investor Class has served a significant role in the fixed-income market by providing a vehicle for conservative investors to access government-backed mortgage exposure and potential yields exceeding those of comparable-maturity U.S. Treasuries.
Performance
PYGNX had a total return of 1.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.40%.
Top 10 Holdings
38.46% of assets| Name | Symbol | Weight |
|---|---|---|
| 5 Year Treasury Note Future Sept 25 | n/a | 6.40% |
| Government National Mortgage Association 6% | G2SF.6 6.11 | 6.12% |
| Government National Mortgage Association 5.5% | G2SF.5.5 6.11 | 5.45% |
| Government National Mortgage Association 5% | G2SF.5 6.11 | 4.67% |
| 10 Year Treasury Note Future Sept 25 | n/a | 3.64% |
| Government National Mortgage Association 4.5% | G2SF.4.5 6.11 | 2.79% |
| Government National Mortgage Association 3.5% | G2SF.3.5 6.11 | 2.63% |
| Government National Mortgage Association 2.5% | G2.MA7767 | 2.34% |
| Government National Mortgage Association 6% | G2.MA9726 | 2.31% |
| Government National Mortgage Association 2.5% | G2.MA7589 | 2.13% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.02474 | Jun 30, 2025 |
| May 30, 2025 | $0.02508 | May 30, 2025 |
| Apr 30, 2025 | $0.02412 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02481 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02337 | Feb 28, 2025 |
| Jan 31, 2025 | $0.02297 | Jan 31, 2025 |