Payden Strategic Income Fund SI Class
NAV / Daily Prices
NAV ($)
9.59
NAV Change ($)
0.01
Change %
0.10%
MTD Return
-0.31%
YTD Return
Statistics
30-Day SEC YieldA
4.97%
30-Day SEC Yield (Unsubsidized)B
4.64%
Average Maturity
7.44 Years
Effective DurationC
3.77 Years
Date as of
Expenses
Total Fund Operating Expenses
0.95%D
With Expense Cap
0.56%
E
# of Funds
Overall
★★★★★
525
3 Year
★★★★
525
5 Year
★★★★
496
10 Year
★★★★★
385
Category
Short-Term Bond
Data as of
05/31/2026
A.
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.
B.
Represents a 30-day SEC yield without adjusting for fee waivers or expense reimbursements.
C.
Effective duration is a measure of the Fund’s price sensitivity to changes in interest rates.
D.
Total Annual Fund Operating Expenses include all direct operating expenses of the Fund, as well as 0.01% 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 0.55%. This agreement has a one-year term ending February 28, 2027. Please note that the 0.55% expense level does not include Acquired Fund Fees and Expenses, interest, taxes, and extraordinary expenses.
E.
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.
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