NAV ($)
NAV change ($) as of 8/28/2025
The Payden Strategic Income Fund invests in a customized mix of fixed-income sectors, across the entire bond universe and maturity curve. This strategy invests in a diverse mix of securities across a multitude of sectors including: emerging-markets, high-yield and investment-grade corporates, and mortgage-backed and asset-backed securities, investing with a long-term outlook.
Strategic Income – Appropriate for investors with a long-term investment horizon who seek higher income and diversification across the full bond universe.
Seeks income with a custom mix of investments across the yield curve. | |
Focuses on “best ideas” to uncover relative value opportunities globally, with the ability to invest anywhere. | |
Strategic investment horizon encourages a flexible and creative approach to structuring the portfolio. | |
The value of an investment will generally fall when interest rates rise. |
Fund Inception Date | May 8, 2014 |
Share Class Inception Date | May 8, 2014 |
Ticker | PYSGX |
CUSIP | 704329168 |
Fund Total Net Assets | $157.4 million |
Benchmark | Bloomberg U.S. Aggregate Bond Index |
Net Expense Ratio | 0.66% |
Sales Charge | None |
Investment Minimum | |
Investor Class - Regular Account | $100,000 |
Investor Class - IRA Account | $100,000 |
Adviser Class - Regular Account | $5,000 |
Adviser Class - IRA Account | $2,000 |
SI Class | $10,000,000 |
Additional Investment - All Classes | $250 |
Payden Strategic Income Fund (PYSGX) | Morningstar average: Short-Term Bond |
|
---|---|---|
Net Expense Ratio | 0.66% | 0.84% |
Quoted performance data represent past performance, which does not guarantee future results. Investment returns and principal value will fluctuate, so investors' shares, when sold, may be worth more or less than their original cost. For the most recent month-end performance, which may be higher or lower than that quoted, go to the Mutual Funds > Performance page on this website, or call 800 572-9336.
To obtain a prospectus or summary prospectus, click on the Prospectuses & Reports link on the right side of this page, or call 800 572-9336. Before investing, investors should consider investment objectives, risks, charges, expenses and other important information, which are contained in these documents; read the prospectus carefully before investing. Investment in foreign securities offers different rewards and challenges from investing in domestic securities, including changes in exchange rates, political changes, and differences in reporting standards, and for emerging-market securities, higher volatility. The Payden Funds are distributed through Payden & Rygel Distributors, member FINRA.
Please note that by your use of this website and/or sending Payden & Rygel any information via this website, you acknowledge that any personal information you provide to us will be subject to our Privacy Notice set forth in Prospectus Appendix B here.
The investment strategy and investment management information presented on this website should not be construed to be formal financial planning advice or the formation of a financial manager/client relationship. Payden.com is an informative website designed to provide information to the general public based on our recommendations of investment management and investment strategies and is not designed to be representative of your own financial needs. Nor does the information contained herein constitute financial management advice. The firm makes no warranty or representation regarding the accuracy or legality of any information contained in this website, and assumes no liability for the use of said information. Be advised that as Internet communications are not always confidential, you provide our website your personal information at your own risk. Please do not make any decisions about any investment management or investment strategy matter without consulting with a qualified professional.
Fund Inception Date | May 8, 2014 |
Share Class Inception Date | May 8, 2014 |
Total Net Assets | $157.4 million |
Average Duration | 3.7 years |
Average Maturity | 5.5 years |
30-Day SEC Yield | 4.95% |
30-Day SEC Yield (unsubsidized) | 4.68% |
Years | Percent of Portfolio |
---|---|
0-1 | 27% |
1-3 | 15% |
3-5 | 26% |
5-7 | 19% |
7-10 | 10% |
10+ | 3% |
Total | 100% |
Credit Quality | Percent of Portfolio |
---|---|
AAA | 14% |
AA | 29% |
A | 8% |
BBB | 26% |
BB | 13% |
B | 3% |
CCC | 1% |
Unrated | 6% |
Total | 100% |
Sector | Percent of Portfolio |
---|---|
Investment Grade Corporates | 26% |
Securitized | 23% |
U.S. Government | 14% |
Agency MBS | 13% |
Emerging Market Debt | 10% |
High Yield | 8% |
Muni | 2% |
Other | 4% |
Total | 100% |
Quoted performance data represent past performance, which does not guarantee future results. Investment returns and principal value will fluctuate, so investors' shares, when sold, may be worth more or less than their original cost. For the most recent month-end performance, which may be higher or lower than that quoted, go to the Mutual Funds > Performance page on this website, or call 800 572-9336.
To obtain a prospectus or summary prospectus, click on the Prospectuses & Reports link on the right side of this page, or call 800 572-9336. Before investing, investors should consider investment objectives, risks, charges, expenses and other important information, which are contained in these documents; read the prospectus carefully before investing. Investment in foreign securities offers different rewards and challenges from investing in domestic securities, including changes in exchange rates, political changes, and differences in reporting standards, and for emerging-market securities, higher volatility. The Payden Funds are distributed through Payden & Rygel Distributors, member FINRA.
Please note that by your use of this website and/or sending Payden & Rygel any information via this website, you acknowledge that any personal information you provide to us will be subject to our Privacy Notice set forth in Prospectus Appendix B here.
The investment strategy and investment management information presented on this website should not be construed to be formal financial planning advice or the formation of a financial manager/client relationship. Payden.com is an informative website designed to provide information to the general public based on our recommendations of investment management and investment strategies and is not designed to be representative of your own financial needs. Nor does the information contained herein constitute financial management advice. The firm makes no warranty or representation regarding the accuracy or legality of any information contained in this website, and assumes no liability for the use of said information. Be advised that as Internet communications are not always confidential, you provide our website your personal information at your own risk. Please do not make any decisions about any investment management or investment strategy matter without consulting with a qualified professional.
Number of funds | |||
---|---|---|---|
![]() |
Overall | ![]() ![]() ![]() ![]() ![]() |
525 |
3 Year | ![]() ![]() ![]() ![]() |
525 | |
Category: Short-Term Bond | 5 Year | ![]() ![]() ![]() ![]() |
483 |
10 Year | ![]() ![]() ![]() ![]() ![]() |
372 |
YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
---|---|---|---|---|---|---|
Quarter-end (6/30/2025) | 3.19% | 6.68% | 5.58% | 3.17% | 3.23% | 3.10% |
Month-end (7/31/2025) | 3.50% | 5.17% | 5.18% | 2.90% | 3.21% | 3.11% |
2024 | 5.46% |
2023 | 7.42% |
2022 | -6.62% |
2021 | 1.72% |
2020 | 6.19% |
2019 | 8.33% |
2018 | -0.51% |
2017 | 4.24% |
2016 | 3.65% |
2015 | 1.78% |
Total Annual Operating Expense | 0.89% |
Net or Actual Operating Expense | 0.66% |
Quoted performance data represent past performance, which does not guarantee future results. Investment returns and principal value will fluctuate, so investors' shares, when sold, may be worth more or less than their original cost. For the most recent month-end performance, which may be higher or lower than that quoted, go to the Mutual Funds > Performance page on this website, or call 800 572-9336.
To obtain a prospectus or summary prospectus, click on the Prospectuses & Reports link on the right side of this page, or call 800 572-9336. Before investing, investors should consider investment objectives, risks, charges, expenses and other important information, which are contained in these documents; read the prospectus carefully before investing. Investment in foreign securities offers different rewards and challenges from investing in domestic securities, including changes in exchange rates, political changes, and differences in reporting standards, and for emerging-market securities, higher volatility. The Payden Funds are distributed through Payden & Rygel Distributors, member FINRA.
Please note that by your use of this website and/or sending Payden & Rygel any information via this website, you acknowledge that any personal information you provide to us will be subject to our Privacy Notice set forth in Prospectus Appendix B here.
The investment strategy and investment management information presented on this website should not be construed to be formal financial planning advice or the formation of a financial manager/client relationship. Payden.com is an informative website designed to provide information to the general public based on our recommendations of investment management and investment strategies and is not designed to be representative of your own financial needs. Nor does the information contained herein constitute financial management advice. The firm makes no warranty or representation regarding the accuracy or legality of any information contained in this website, and assumes no liability for the use of said information. Be advised that as Internet communications are not always confidential, you provide our website your personal information at your own risk. Please do not make any decisions about any investment management or investment strategy matter without consulting with a qualified professional.
Morningstar rates funds from one to five stars based on how well their risk-adjusted performance compares to similar funds. Within each Morningstar Category, the top 10% of funds receive five stars, the next 22.5% four stars, the middle 35% three stars, the next 22.5% two stars, and the bottom 10% receive one star. Funds are rated for up to three time periods—three-, five-, and 10 years—and these ratings are combined to produce an
overall rating. Funds with less than three years of history are not rated. Ratings are objective, based entirely on a mathematical evaluation of past performance. They're a useful tool for identifying funds worthy of further research, but shouldn't be considered buy or sell recommendations. Morningstar does not adjust total returns for sales charges (such as front-end loads, deferred loads, and redemption fees). Total returns do account for the expense ratio, which includes management, administrative, 12b-1 Distribution fees, and other costs that are taken out of assets.
@ 2025 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
MARKET | |
July was characterized by stronger-than-expected macroeconomic data, reinforcing a higher-for-longer rates narrative in fixed-income markets. Central banks expressed a more cautious tone, with the European Central Bank (ECB) signaling a pause in easing and the Federal Reserve continuing to highlight resilience in the labor market and consumer spending. |
OUTLOOK | |
We expect uncertainty to remain elevated in the second half of the year. While final tariff rates are yet to be decided, effective rates are expected to be higher than what the global economy has experienced in recent decades, and the consequences of higher tariffs are still unclear. Investors have also become more concerned about fiscal policies, growing deficits, and debt sustainability. Despite the rise in uncertainty, economic data from major regions has continued to show resilience. |
Quoted performance data represent past performance, which does not guarantee future results. Investment returns and principal value will fluctuate, so investors' shares, when sold, may be worth more or less than their original cost. For the most recent month-end performance, which may be higher or lower than that quoted, go to the Mutual Funds > Performance page on this website, or call 800 572-9336.
To obtain a prospectus or summary prospectus, click on the Prospectuses & Reports link on the right side of this page, or call 800 572-9336. Before investing, investors should consider investment objectives, risks, charges, expenses and other important information, which are contained in these documents; read the prospectus carefully before investing. Investment in foreign securities offers different rewards and challenges from investing in domestic securities, including changes in exchange rates, political changes, and differences in reporting standards, and for emerging-market securities, higher volatility. The Payden Funds are distributed through Payden & Rygel Distributors, member FINRA.
Please note that by your use of this website and/or sending Payden & Rygel any information via this website, you acknowledge that any personal information you provide to us will be subject to our Privacy Notice set forth in Prospectus Appendix B here.
The investment strategy and investment management information presented on this website should not be construed to be formal financial planning advice or the formation of a financial manager/client relationship. Payden.com is an informative website designed to provide information to the general public based on our recommendations of investment management and investment strategies and is not designed to be representative of your own financial needs. Nor does the information contained herein constitute financial management advice. The firm makes no warranty or representation regarding the accuracy or legality of any information contained in this website, and assumes no liability for the use of said information. Be advised that as Internet communications are not always confidential, you provide our website your personal information at your own risk. Please do not make any decisions about any investment management or investment strategy matter without consulting with a qualified professional.