About PYSFX
The Payden Securitized Income Fund Investor Class is a mutual fund that seeks a high level of total return combined with current income generation, consistent with capital preservation over a full market cycle. It primarily invests in a diversified portfolio of investment-grade securitized bonds, including commercial mortgage-backed securities (CMBS), residential mortgage-backed securities (RMBS), asset-backed securities (ABS), and collateralized loan obligations (CLOs), with flexibility to include below-investment-grade holdings. Key features include a research-driven approach focusing on sector allocation, security selection, and capturing risk premiums in underutilized securitized markets, while maintaining relatively low interest rate sensitivity with an average duration of about 1.3 years. Top holdings feature Federal National Mortgage Association securities, Rocket Mortgage Trust, and various CLOs and RMBS, comprising around 16% in the largest ten positions. Managed by Payden & Rygel since its inception on March 5, 2025, the fund holds total net assets of approximately $115 million, a net expense ratio of 0.65%, and no sales charge, with a minimum initial investment of $5,000. It plays a significant role in fixed-income portfolios by providing income, diversification from traditional bonds, and exposure to resilient securitized sectors amid varying interest rate environments.
Fund Family Paydenfunds
Performance Rating Low
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PYSFX
Share Class (investor Class)
PYSFX had a total return of 4.49% in the past year, including dividends.
Since the fund's inception, the average annual return has been 4.15%.
