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NAV / Daily Prices
NAV ($)
18.12
NAV Change ($)
-0.12
Change %
-0.66%
MTD Return
0.06%
YTD Return
Statistics
BetaA
0.8
Price-to-Book RatioB
3.7xF
Price-to-Cash-Flow RatioC
14.0xF
Price-to-Earnings RatioD
24.8xF
Weighted Avg Market CapE
Expenses
Total Fund Operating Expenses
1.01%G
| Total ReturnsI | Quarter-End (03/31/2026) | Month-End (04/30/2026) |
| YTD | 0.58% | 7.46% |
| 1 Year | 13.46% | 24.03% |
| 3 Years |
Beta is a measure of sensitivity of a portfolio’s movement versus that of the overall market.
Price-to-book is the current stock price divided by the book (net asset) value per share.
Price-to-cash-flow is the current stock price divided by the trailing 12-month cash flow per share.
Price-to-earnings is a stock’s current price divided by next year’s expected earnings per share.
Weighted average market capitalization is the market capitalization (number of outstanding shares multiplied by the current share price) of each holding weighted by its percentage allocated within the portfolio.
Multiples represent the common stock portion of the Fund only and exclude preferred stock, real estate investment trusts and master limited partnerships.
Total Annual Fund Operating Expenses include all direct operating expenses of the Fund and a Rule 12b-1 Distribution Fee of 0.25%.
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.
Top-10 Holdings
Percent of Portfolio
Alphabet Inc-Class A
4.6%
JPMorgan Chase
3.0%
Amazon.com
2.8%
Morgan Stanley
2.6%
Analog Devices
2.4%
Cisco Systems
2.2%
Microsoft
2.2%
Duke Energy
2.1%
Energy Transfer LP
1.9%
Merck & Co.
1.9%
Sector
Percent of Portfolio
Technology
20%
Financials
19%
Health Care
13%
Industrials
11%
Communication Services
8%
Consumer Discretionary
8%
Utilities
7%
Energy
6%
Consumer Staples
5%
Other
3%
| 12.01% |
| 14.02% |
| 5 Years | 7.43% | 8.20% |
| 10 Years | 8.85% | 9.61% |
| Since Inception | 10.07% | 10.52% |
| Returns less than one year are not annualized. All returns are net of fees. |
DividendsK
Dividend
None
Dividend Reinvest NAV
None
Record Date
N/A
Ex Date
N/A
Payable Date
N/A
Dividends Paid
Quarterly
Capital GainsK
Short Term
$0.0000
Long Term
$0.8756
Reinvest NAV
$17.07
Record Date
12/22/2025
Ex Date
12/23/2025
Payable Date
12/23/2025
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
11/01/1996
Share Class Inception Date
12/01/2011
Share Class
Adviser Class
Ticker
PYVAX
CUSIP
704329259
Fund Total Net Assets
As of 04/30/2026
$1.1 Billion
Sales Charge
None
Benchmark
Russell 1000 Value Index
Large-Capitalization Value – Appropriate for conservative equity investors who seek current income and moderate exposure to equity markets.
The Payden Equity Income Fund invests primarily in large-capitalization common stocks with above-average dividend yields and other income-producing securities such as preferred stocks, master limited partnerships (MLPs), and real estate investment trusts (REITs). The Fund focuses on companies that have strong fundamentals and are expected to achieve positive earnings and dividend growth.
The Fund seeks to provide current income and equity-market participation through a variety of stocks, sectors, and security types such as common and preferred stocks, MLPs, and REITs.
The Fund seeks to achieve lower volatility and better risk-adjusted returns than competitors and the broad market overall.J
Data as of 04/30/2026
Data as of 04/30/2026
U.S. equities (S&P 500) rebounded sharply in April after gaining +10.5%, the strongest monthly performance in five years.
Equity prices surged to record highs supported by easing geopolitical tensions in the Middle East and a strong quarterly earnings result.
Most sectors posted positive returns, as communications (+18.5%), technology (+17.5%), and consumer discretionary (+11.7%) were the best performing sectors, driven by a rebound in growth stocks, while more defensive areas such as energy (-3.5%), health care (-0.5%), and utilities (+2.1%) were the worst performing sectors.
We maintain a constructive long-term outlook on U.S. equities, supported by a strong fundamental backdrop, expectations for ~15% earnings growth rate over the next 12–24 months, and expansionary regulatory policies.
Near-term upside may be more constrained amid persistent macroeconomic uncertainty—particularly around the path of interest rates and the risk that higher oil prices could pressure inflation and consumer demand—while equity valuations have moved back above long-term averages.
We continue to favor high-quality companies with durable cash flows and strong balance sheets, with a constructive bias toward leaders in the AI buildout, while maintaining diversified sector exposure to help mitigate volatility.
Returns less than one year are not annualized.
A risk-adjusted return measures the amount of total return per unit of risk.
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.
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
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.
Equity Securities Risk: Investment in equity securities poses certain risks, including a sudden decline in a holding’s share price, or an overall decline in the stock market. The value of the Fund’s investment in any such securities will fluctuate on a day-to-day basis with movements in the stock market, as well as in response to the activities of individual companies whose equity securities the Fund owns. Fund price may fall when the U.S. stock market declines. Moreover, purchasing stocks perceived to be undervalued brings additional risks. For example, the issuing company’s condition may worsen instead of improve, or the pace and extent of any improvement may be less than expected.
7.52%
707.1 B
DividendsK
Dividend
None
Dividend Reinvest NAV
None
Record Date
N/A
Ex Date
N/A
Payable Date
N/A
Dividends Paid
Quarterly
Capital GainsK
Short Term
$0.0000
Long Term
$0.8756
Reinvest NAV
$17.07
Record Date
12/22/2025
Ex Date
12/23/2025
Payable Date
12/23/2025
704329259
Fund Total Net Assets
As of 04/30/2026
$1.1 Billion
Sales Charge
None
Benchmark
Russell 1000 Value Index
Large-Capitalization Value – Appropriate for conservative equity investors who seek current income and moderate exposure to equity markets.
The Payden Equity Income Fund invests primarily in large-capitalization common stocks with above-average dividend yields and other income-producing securities such as preferred stocks, master limited partnerships (MLPs), and real estate investment trusts (REITs). The Fund focuses on companies that have strong fundamentals and are expected to achieve positive earnings and dividend growth.
The Fund seeks to provide current income and equity-market participation through a variety of stocks, sectors, and security types such as common and preferred stocks, MLPs, and REITs.
The Fund seeks to achieve lower volatility and better risk-adjusted returns than competitors and the broad market overall.J
| YTD | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception | |
|---|---|---|---|---|---|---|
| Quarter-End (03/31/2026) | 0.58% | 13.46% | 12.01% | 7.43% | 8.85% | 10.07% |
| Month-End (04/30/2026) | 7.46% | 24.03% | 14.02% | 8.20% | 9.61% | 10.52% |
Investment MinimumL
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
Security Type
Percent of Portfolio
Common Stock
94%
Master Limited Partnerships
4%
REIT
3%
Preferred Stock
2%
Cash
-3%
Top-10 Holdings
Percent of Portfolio
Alphabet Inc-Class A
4.6%
JPMorgan Chase
3.0%
Amazon.com
2.8%
Morgan Stanley
2.6%
Analog Devices
2.4%
Cisco Systems
2.2%
Microsoft
2.2%
Sector
Percent of Portfolio
Technology
20%
Financials
19%
Health Care
13%
Industrials
11%
Communication Services
8%
Consumer Discretionary
8%
Utilities
7%
Duke Energy
2.1%
Energy Transfer LP
1.9%
Merck & Co.
1.9%
Energy
6%
Consumer Staples
5%
Other
3%