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NAV / Daily Prices
NAV ($)
9.25
NAV Change ($)
0.01
Change %
0.11%
MTD Return
0.65%
YTD Return
Statistics
30-Day SEC YieldA
4.36%
30-Day SEC Yield (Unsubsidized)B
4.30%
Average Maturity
6.72 Years
Effective DurationC
6.39 Years
Expenses
Total Fund Operating Expenses
0.55%D
With Expense Cap
0.44%
| Total ReturnsF | Month-End (03/31/2026) | Quarter-End (03/31/2026) |
| YTD | -0.33% | -0.33% |
| 1 Year | 4.75% | 4.75% |
| 3 Years |
The 30-day SEC yield represents the dividends and interest earned for a 30-day period, annualized, and divided by the net asset values per share at the end of the period. The SEC yield is computed under a standardized formula which assumes all portfolio securities are held to maturity. This value may differ from the actual distribution rate of the Fund.
Represents a 30-day SEC yield without adjusting for fee waivers or expense reimbursements.
Effective duration is a measure of the Fund’s price sensitivity to changes in interest rates.
Total Annual Fund Operating Expenses include all direct operating expenses of the Fund, as well as 0.02% Acquired Fund Fees and Expenses incurred indirectly by the Fund through its investment in other mutual funds. Payden & Rygel has contractually agreed to limit Total Annual Fund Operating Expenses After Fee Waiver or Expense Reimbursement to 0.42%. This agreement has a one-year term ending February 28, 2027. Please note that the 0.42% expense level does not include Acquired Fund Fees and Expenses, interest, taxes, and extraordinary expenses.
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, select this link or call 800 572-9336.
Returns less than one year are not annualized.
Duration
Percent of Portfolio
0-1 yr
15%
1-3 yrs
15%
3-5 yrs
26%
5-7 yrs
26%
7-10 yrs
12%
10+ yrs
Credit
Percent of Portfolio
AAA
12%
AA
46%
A
11%
BBB
21%
BB
6%
B
6%
2%
Unrated
2%
| 4.44% |
| 4.44% |
| 5 Years | 0.82% | 0.82% |
| 10 Years | - | - |
| Since Inception | 1.97% | 1.97% |
| Returns less than one year are not annualized. All returns are net of fees. |
*From inception 01/22/2018 through 12/31/2018.
DividendsG
Dividend
$0.0314
Dividend Reinvest NAV
$9.17
Record Date
N/A
Ex Date
N/A
Payable Date
N/A
Dividends Paid
Monthly
Capital GainsG
Short Term
None
Long Term
None
Reinvest NAV
None
Record Date
N/A
Ex Date
N/A
Payable Date
N/A
Investor Class - Regular Account
$100,000
Adviser Class - Regular Account
$5,000
SI Class
$10,000,000
Investor Class - IRA Account
$100,000
Adviser Class - IRA Account
$2,000
Additional Investment - All Classes
$250
Fund Inception Date
12/31/1993
Share Class Inception Date
01/22/2018
Share Class
SI Class
Ticker
PYCSX
CUSIP
70432T503
Fund Total Net Assets
As of 03/31/2026
$1.0 Billion
Sales Charge
None
Benchmark
Bloomberg U.S. Aggregate Bond Index
Intermediate-Term Bond – Appropriate as a core fixed-income holding for investors seeking exposure to a diversified bond portfolio.
The Payden Core Bond Fund invests in a diversified mix of bonds across a wide spectrum of sectors and maturities. It utilizes the entire range of maturities from cash instruments to 30-year bonds, investing in sectors, such as, 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.
Bond selection is driven by extensive credit research.
Diversified portfolio holdings.
Investments allocated across the 1-year to 30-year maturity spectrum.
Data as of 03/31/2026
Data as of 03/31/2026
March was dominated by an abrupt energy shock and the resulting repricing of global rates. The month began with bond markets selling off as the war in the Middle East and disruption around the Strait of Hormuz sent oil prices sharply higher, reviving inflation concerns and pushing investors to scale back rate-cut expectations. Risk assets struggled through most of the month before stabilizing into month-end as hopes of de-escalation emerged.
Markets were driven by a cooling labor market and persistent inflation. February non-farm payrolls fell by 92,000, and unemployment rose slightly to 4.4%, indicating weaker labor market conditions; however, producer-level inflation data releases suggested that underlying price pressures remain firm. Against this backdrop, the Federal Reserve (Fed) left rates unchanged at 3.50%-3.75%, describing activity as still expanding at a solid pace and inflation as "somewhat elevated."
Notwithstanding the risks around the Iranian conflict, our macroeconomic outlook remains relatively optimistic, with risks tilted to the downside. The U.S. economy remains central to our global outlook in 2026. We believe the current divergence between strong GDP growth and weakening labor markets in the U.S. is unusual and unlikely to continue. In our view, the economy faces a binary path: either re-accelerating as technology-driven productivity gains take hold or slipping into recession if labor market softness begins to weigh more broadly on economic activity. Regardless of the outcome, we expect U.S. inflation to continue moderating. This disinflationary trend, combined with labor-market weakness, should allow the Fed to continue easing at least to neutral, and potentially beyond. Stickier inflation remains a risk to this central view, one that has intensified amid the recent developments in the Middle East.
Despite the uncertain economic backdrop, credit valuations remain at the most expensive end of their historical ranges, even as corporate fundamentals appear relatively healthy. In this environment, we prefer to distribute risk in our portfolios in a more balanced manner across duration and credit. Consistent with our outlook, we maintain modest overweight positions in higher-quality credit sectors, including investment-grade corporate bonds and select high-quality securitized assets.
Mutual funds are required by the IRS to distribute substantially all realized profits they earn to shareholders on at least an annual basis. If a fund has net gains from the sale of securities, or if it earns dividends or interest from securities, the fund must distribute those earnings to its shareholders. All distributions are taxable, unless an investor's shares are held in a tax-deferred or tax-exempt account such as an IRA. Payden shareholders have the option to receive their distributions in cash or to automatically reinvest the distribution back into the Fund. This information is not intended to provide tax advice. Please consult a qualified tax professional for advice specific to your circumstances. Dividends shown are historical and not guaranteed. Amounts may vary and do not predict future income.
The minimum initial investment may be modified for certain financial intermediaries that submit trades on behalf of underlying investors. Payden Funds’ distributor may lower or waive the minimum initial investment for certain categories of investors at their discretion.
Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest) and are subject to change. Security ratings are assigned using the highest rating of Moody’s, S&P, and Fitch.
For more information and to obtain a prospectus or summary prospectus, select this link or call 800 572-9336. Before investing, investors should consider investment objectives, risks, charges, expenses, and other important information, which is contained in these documents; read the prospectus carefully before investing. The Payden Funds are distributed through Payden & Rygel Distributors, member FINRA.
General Risk Disclosures
Interest Rate Risk: As with most funds that invest in debt securities, the income on and value of your shares in the Fund will fluctuate along with interest rates. When interest rates rise, the market prices of the debt securities the Fund owns usually decline. When interest rates fall, the prices of these securities usually increase.
Foreign Securities Risk: Investment in foreign securities entails certain risks from investing in domestic securities, including changes in exchange rates, political changes, differences in reporting standards, and, for emerging-market securities, higher volatility.
High-Yield Securities Risk: Investment in high-yield securities entails certain risks from investing in investment-grade securities, including higher volatility, greater credit risk, and the issues’ more speculative nature.
0.32%
*From inception 01/22/2018 through 12/31/2018.
DividendsG
Dividend
$0.0314
Dividend Reinvest NAV
$9.17
Record Date
N/A
Ex Date
N/A
Payable Date
N/A
Dividends Paid
Monthly
Capital GainsG
Short Term
None
Long Term
None
Reinvest NAV
None
Record Date
N/A
Ex Date
N/A
Payable Date
N/A
70432T503
Fund Total Net Assets
As of 03/31/2026
$1.0 Billion
Sales Charge
None
Benchmark
Bloomberg U.S. Aggregate Bond Index
Intermediate-Term Bond – Appropriate as a core fixed-income holding for investors seeking exposure to a diversified bond portfolio.
The Payden Core Bond Fund invests in a diversified mix of bonds across a wide spectrum of sectors and maturities. It utilizes the entire range of maturities from cash instruments to 30-year bonds, investing in sectors, such as, 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.
Bond selection is driven by extensive credit research.
Diversified portfolio holdings.
Investments allocated across the 1-year to 30-year maturity spectrum.
| YTD | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception | |
|---|---|---|---|---|---|---|
| Month-End (03/31/2026) | -0.33% | 4.75% | 4.44% | 0.82% | - | 1.97% |
| Quarter-End (03/31/2026) | -0.33% | 4.75% | 4.44% | 0.82% | - | 1.97% |
Investment MinimumH
Investor Class - Regular Account
$100,000
Adviser Class - Regular Account
$5,000
SI Class
$10,000,000
Investor Class - IRA Account
$100,000
Adviser Class - IRA Account
$2,000
Additional Investment - All Classes
$250
Duration
Percent of Portfolio
0-1 yr
15%
1-3 yrs
15%
3-5 yrs
26%
5-7 yrs
26%
7-10 yrs
12%
10+ yrs
6%
Credit
Percent of Portfolio
AAA
12%
AA
46%
A
11%
BBB
21%
BB
6%
B
2%
Unrated
2%
Sector
Percent of Portfolio
Mortgage-Backed
35%
Corporates
33%
Government/Gov't Related
23%
Asset-Backed
5%
Other
4%