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NAV / Daily Prices
NAV ($)
16.87
NAV Change ($)
-0.05
Change %
-0.30%
MTD Return
-4.80%
YTD Return
Statistics
BetaA
0.6
Price-to-Book RatioB
3.4xF
Price-to-Cash-Flow RatioC
13.6xF
Price-to-Earnings RatioD
24.6xF
Weighted Avg Market CapE
Expenses
Total Fund Operating Expenses
1.01%G
| Total Returns | Month-End (02/28/2026) | Quarter-End (12/31/2025) |
| YTD | 4.79% | 11.18% |
| 1 Year | 12.40% | 11.18% |
| 3 Year |
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
3.8%
JPMorgan Chase
3.5%
Amazon.com
2.3%
Merck & Co.
2.2%
Morgan Stanley
2.2%
GE Aerospace
2.2%
Analog Devices
2.1%
Sector
Percent of Portfolio
Financials
21%
Health Care
14%
Industrials
13%
Technology
9%
Duke Energy
2.1%
ITT Inc.
2.0%
Cisco Systems
1.9%
Utilities
7%
Money Markets
7%
Communication Services
7%
Energy
6%
Consumer Discretionary
5%
Materials
4%
Consumer Staples
4%
Real Estate
3%
| 13.21% |
| 10.53% |
| 5 Year | 9.38% | 9.09% |
| 10 Year | 10.02% | 9.33% |
| Since Inception | 10.45% | 10.21% |
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 02/28/2026
$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 02/28/2026
Data as of 02/28/2026
The U.S. equity market recorded moderate losses in February with the S&P 500 Index declining -0.76% for the month.
Investor sentiment weakened amid growing concerns about artificial intelligence-driven disruption across a broader range of industries, while geopolitical tensions remained elevated.
Performance dispersion across sectors was notably pronounced, as consumer discretionary (5.4%), communications (-5.1%), and technology (-3.9%) were the worst performers, while the utilities (+10.4%), energy (+9.4%), and materials (+8.4%) sectors were the best performers.
We maintain a constructive outlook on the U.S. equity market in the long-term, supported by expectations for continued corporate earnings growth over the next 12 months and the potential for a more accommodative interest rate environment.
In the near term, however, we are moderating our expectations for significant price appreciation as elevated valuations and rising geopolitical uncertainty may contribute to heightened volatility.
We continue to favor high-quality companies with durable cash flows and strong balance sheets, while emphasizing the importance of diversification and a balanced approach to help dampen portfolio 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, click on the respective link below the Fund name at the top of this page, or call 800 572-9336. Before investing, investors should carefully read and consider investment objectives, risks, charges, expenses, and other important information about the Fund, which is contained in these documents. The Payden Funds are distributed through Payden & Rygel Distributors, member FINRA.
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.
-0.24%
502.8 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 02/28/2026
$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 | |
|---|---|---|---|---|---|---|
| Month-End (02/28/2026) | 4.79% | 12.40% | 13.21% | 9.38% | 10.02% | 10.45% |
| Quarter-End (12/31/2025) | 11.18% | 11.18% | 10.53% | 9.09% | 9.33% | 10.21% |
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
84%
Cash
7%
REIT
4%
Master Limited Partnerships
3%
Preferred Stock
2%
Top-10 Holdings
Percent of Portfolio
Alphabet Inc-Class A
3.8%
JPMorgan Chase
3.5%
Amazon.com
2.3%
Merck & Co.
2.2%
Morgan Stanley
2.2%
GE Aerospace
2.2%
Analog Devices
2.1%
Sector
Percent of Portfolio
Financials
21%
Health Care
14%
Industrials
13%
Technology
9%
Utilities
7%
Money Markets
7%
Communication Services
7%
Duke Energy
2.1%
ITT Inc.
2.0%
Cisco Systems
1.9%
Energy
6%
Consumer Discretionary
5%
Materials
4%
Consumer Staples
4%
Real Estate
3%