Payden & Rygel’s Large-Cap Value strategy takes advantage of the firm’s strengths in company and industry analysis, focusing on companies which are projected to maintain or increase their dividend payouts while providing above-market-average dividend yields. The strategy places research emphasis on those stocks with yields almost double that of the S&P 500 Index. Our objective is to provide current income and equity market participation through a well-diversified, high quality, large-cap portfolio by focusing on companies with steady earnings and cash flow and moderate growth.

Our equity team looks beyond the common stock universe for attractive dividend/distribution yields, and researches other areas such as preferred stock, real estate investment trusts, master limited partnerships and business development companies.

The strategy is well-diversified across sectors and equity security types, and generally invests in 50-70 holdings. With the focus on diversification and its attractive yields, this strategy is appropriate for both investors focusing on income and those looking for a competitive large-cap value offering.

Stocks in this strategy will generally appreciate less when than the overall market is rising and fall less when the overall market is declining. Investors could lose money during periods of falling stock prices.