UCITS Funds

Payden US Core Bond Fund (PAYRUSD ID)

Base Share Class: USD

Share Class
  • Overview
  • Portfolio Statistics
  • Performance & Expenses
  • Fund Commentary
Investment Strategy

The Payden US 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, corporate bonds, mortgage-backed securities and asset-backed securities. The average duration of the fund is generally near that of the Barclays Aggregate Index.

Share Class Snapshot - 31 July 2025
Fund Inception Date May 29, 2003
Ticker PAYRUSD ID
ISIN Number IE0032276911
Sedol Number 3227691
Fund Total Net Assets $86.5 million
Benchmark Bloomberg US Aggregate Bond Index
Currency Share Classes Available CAD, CHF, EUR, GBP, JPY, NOK, SGD, USD
Management Fee 0.32%
Total Expense Ratio 0.40%
Investment Minimum $1,000,000 initial

Unless otherwise indicated, all listed data represents past performance. There is no guarantee of future performance, nor are fund shares guaranteed. Funds are issued by Payden & Rygel Global, Ltd., which is authorised and regulated by the Financial Conduct Authority. The investment products and services of Payden & Rygel are not available in the United Kingdom to private investors. The value of an investment may fall as well as rise and an investor may get back less than the amount that has been invested. Income from an investment may fluctuate in value in money terms. Changes in rates of exchange may cause the value of an investment to go up or down.

Portfolio Characteristics - 31 July 2025
Fund Inception Date May 29, 2003
Total Net Assets $86.5 million
Average Duration 6.1 years
Average Maturity 8.2 years
Yield to Maturity (hedged) 5.10%
Duration Breakdown
Years Percent of Portfolio
0-110%
1-311%
3-526%
5-726%
7-1017%
10+10%
Total 100%
Credit Breakdown
Credit Quality Percent of Portfolio
AAA8%
AA51%
A14%
BBB19%
BB and Below7%
Unrated1%
Total 100%
Sector Breakdown
Sector Percent of Portfolio
Corporates36%
Mortgage-Backed30%
Government/Gov't Related26%
Asset-Backed6%
Municipal Bonds2%
Total 100%

Unless otherwise indicated, all listed data represents past performance. There is no guarantee of future performance, nor are fund shares guaranteed. Funds are issued by Payden & Rygel Global, Ltd., which is authorised and regulated by the Financial Conduct Authority. The investment products and services of Payden & Rygel are not available in the United Kingdom to private investors. The value of an investment may fall as well as rise and an investor may get back less than the amount that has been invested. Income from an investment may fluctuate in value in money terms. Changes in rates of exchange may cause the value of an investment to go up or down.


Total Returns
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Quarter-end (6/30/2025) 3.97% 5.98% 2.66% -0.46% 1.71% 2.80%
Month-end (7/31/2025) 3.80% 3.73% 1.82% -0.83% 1.63% 2.78%
Yearly Returns
20241.44%
20235.66%
2022-13.28%
2021-1.23%
20207.40%
20199.19%
2018-1.14%
20174.03%
20162.61%
20150.48%
Expenses
Management Fee 0.32%
Total Expense Ratio 0.40%

Unless otherwise indicated, all listed data represents past performance. There is no guarantee of future performance, nor are fund shares guaranteed. Funds are issued by Payden & Rygel Global, Ltd., which is authorised and regulated by the Financial Conduct Authority. The investment products and services of Payden & Rygel are not available in the United Kingdom to private investors. The value of an investment may fall as well as rise and an investor may get back less than the amount that has been invested. Income from an investment may fluctuate in value in money terms. Changes in rates of exchange may cause the value of an investment to go up or down.

Fund Commentary - 31 July 2025

MARKET
July was characterised 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) signalling a pause in easing and the Federal Reserve continuing to highlight resilience in the labour market and consumer spending.

OUTLOOK
We expect uncertainty to remain elevated in the second half of the year. Whilst 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.

Unless otherwise indicated, all listed data represents past performance. There is no guarantee of future performance, nor are fund shares guaranteed. Funds are issued by Payden & Rygel Global, Ltd., which is authorised and regulated by the Financial Conduct Authority. The investment products and services of Payden & Rygel are not available in the United Kingdom to private investors. The value of an investment may fall as well as rise and an investor may get back less than the amount that has been invested. Income from an investment may fluctuate in value in money terms. Changes in rates of exchange may cause the value of an investment to go up or down.