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NAV / Daily Prices
NAV ($)
17.77
NAV Change ($)
0.12
Change %
0.68%
MTD Return
4.47%
YTD Return
Statistics
BetaA
0.7
Price-to-Book RatioB
3.5xF
Price-to-Cash-Flow RatioC
13.0xF
Price-to-Earnings RatioD
23.6xF
Weighted Avg Market CapE
Expenses
Total Fund Operating Expenses
0.76%
| Total ReturnsH | Quarter-End (03/31/2026) | Month-End (03/31/2026) |
| YTD | 0.70% | 0.70% |
| 1 Year | 13.74% | 13.74% |
| 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.
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
3.7%
JPMorgan Chase
3.1%
Morgan Stanley
2.4%
Amazon.com
2.4%
Merck &
2.3%
Duke Energy
2.3%
RTX
2.2%
Sector
Percent of Portfolio
Financials
19%
Health Care
14%
Technology
12%
Industrials
11%
Chevron
2.1%
Cisco Systems
2.0%
Analog Devices
2.0%
Communication Services
8%
Utilities
7%
Consumer Discretionary
7%
Energy
7%
Consumer Staples
4%
Money Markets
4%
Materials
4%
Real Estate
3%
| 12.30% |
| 12.30% |
| 5 Years | 7.70% | 7.70% |
| 10 Years | 9.12% | 9.12% |
| Since Inception | 7.21% | 7.21% |
| Returns less than one year are not annualized. All returns are net of fees. |
DividendsJ
Dividend
$0.0678
Dividend Reinvest NAV
$16.67
Record Date
N/A
Ex Date
N/A
Payable Date
N/A
Dividends Paid
Quarterly
Capital GainsJ
Short Term
$0.0000
Long Term
$0.8756
Reinvest NAV
$17.14
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
11/01/1996
Share Class
Investor Class
Ticker
PYVLX
CUSIP
704329739
Fund Total Net Assets
As of 03/31/2026
$998.9 Million
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.I
Data as of 03/31/2026
Data as of 03/31/2026
U.S. equities (S&P 500) declined 4.4% in the first quarter of 2026, reflecting market volatility driven by heightened concerns over the Middle East conflict, emerging credit-market stress, and AI-related (artificial intelligence) disruption.
Despite a more cautious market backdrop, corporate fundamentals remained resilient. Fourth-quarter earnings broadly exceeded expectations, supported by stable margins and continued strength in AI-related industries
From a sector perspective, energy (+38.3%) significantly outperformed, benefiting from higher oil prices. Materials (+9.7%) and utilities (+8.3%) followed as the next best performers, whereas financials (-9.5%), consumer discretionary (-9.2%), and technology (-9.1%) were the worst-performing sectors.
We expect equity markets to remain volatile in the near term, as geopolitical tensions, signs of credit deterioration, and uncertainty around AI-driven disruption continue to weigh on market sentiment.
Nevertheless, we believe short-term declines in asset prices may present attractive entry points, underpinned by expected earnings growth over the next 12–24 months, a potentially more accommodative interest rate backdrop, and continued support from emerging technologies.
We continue to favor high-quality companies with durable cash flows and strong balance sheets, while emphasizing diversification and a balanced approach 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.
5.20%
502.1 B
DividendsJ
Dividend
$0.0678
Dividend Reinvest NAV
$16.67
Record Date
N/A
Ex Date
N/A
Payable Date
N/A
Dividends Paid
Quarterly
Capital GainsJ
Short Term
$0.0000
Long Term
$0.8756
Reinvest NAV
$17.14
Record Date
12/22/2025
Ex Date
12/23/2025
Payable Date
12/23/2025
704329739
Fund Total Net Assets
As of 03/31/2026
$998.9 Million
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.I
| YTD | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception | |
|---|---|---|---|---|---|---|
| Quarter-End (03/31/2026) | 0.70% | 13.74% | 12.30% | 7.70% | 9.12% | 7.21% |
| Month-End (03/31/2026) | 0.70% | 13.74% | 12.30% | 7.70% | 9.12% | 7.21% |
Investment MinimumK
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
87%
Cash
4%
REIT
4%
Master Limited Partnerships
3%
Preferred Stock
2%
Top-10 Holdings
Percent of Portfolio
Alphabet Inc-Class A
3.7%
JPMorgan Chase
3.1%
Morgan Stanley
2.4%
Amazon.com
2.4%
Merck &
2.3%
Duke Energy
2.3%
RTX
2.2%
Sector
Percent of Portfolio
Financials
19%
Health Care
14%
Technology
12%
Industrials
11%
Communication Services
8%
Utilities
7%
Consumer Discretionary
7%
Chevron
2.1%
Cisco Systems
2.0%
Analog Devices
2.0%
Energy
7%
Consumer Staples
4%
Money Markets
4%
Materials
4%
Real Estate
3%