About PYSBX
Payden Low Duration Fund is an open-end mutual fund focused on short-term fixed income. Its primary objective is to deliver income and capital appreciation while seeking to reduce interest‑rate volatility relative to longer‑maturity bond funds. The portfolio invests broadly across U.S. government securities, investment‑grade corporate bonds, select high‑yield issues, and mortgage‑ and asset‑backed securities, with active management of duration, yield curve positioning, and, when appropriate, currency exposure. Under typical conditions, the fund targets a maximum average portfolio maturity of four years on a dollar‑weighted basis and maintains at least 75% of assets in investment‑grade securities, balancing credit quality with diversification. Anchored to a short-term Treasury benchmark, it emphasizes liquidity and risk control, aiming to provide a step up from cash-like vehicles while containing net asset value fluctuations. Launched in 1993 and managed by Payden & Rygel, the strategy serves investors seeking a conservative core bond allocation that emphasizes high average credit quality, broad sector exposure, and disciplined risk management within the low‑duration segment of the bond market.
Fund Family Paydenfunds
Category Short-Term Bond
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol PYSBX
Share Class (investor Class)
Index ICE BofA Treasury 1-3 Year TR
PYSBX had a total return of 5.83% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.85%.
