2/3/2012
| Symbol |
PYCBX |
|
|
| NAV ($) |
$10.63 |
Daily NAV change ($) |
$-0.03 |
The Payden Core Bond Fund enables investors to pick one fund which is diversified across a wide spectrum of fixed-income sectors and maturities. It utilizes the entire range of maturities from cash instruments to 30-year bonds, and it invests in a multitude of sectors, including sovereign bonds, corporates, mortgage-backed securities and asset-backed securities. There is some use of below investment-grade bonds for their added yield and diversification. The fund has a moderate degree of expected price volatility given its longer-duration profile, and as the name implies, it serves as an appropriate “core” fixed-income anchor for longer-term investors.
Intermediate-Term Bond – Appropriate as a core fixed-income holding for investors seeking exposure to a diversified portfolio of investment-grade bonds.
- High credit-quality orientation driven by extensive research
- Diversified portfolio holdings
- Investments allocated across the 1-year to 30-year maturity spectrum
| Inception Date: |
Jan 1, 1994 |
|
|
Net Expense Ratio: |
0.57% |
| CUSIP: |
704329408 |
|
Sales charge: |
None |
| Total Net Assets: |
$579.6 million |
|
Investment Minimum:
| |
Regular Account |
Investor Class
Adviser Class |
$100,000
$5,000 |
| |
IRA |
Investor Class
Adviser Class |
$100,000
$2,000
|
|
| Benchmark: |
Barclays Capital US Aggregate Bond Index
|
|
| |
Payden Core Bond |
Morningstar average:
Intermediate-Term Bond |
| Net Expense Ratio: |
0.57% |
0.99% |