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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$17.76

$1.29 B

1.48%

$0.26

0.73%

Vitals

YTD Return

7.6%

1 yr return

20.4%

3 Yr Avg Return

5.9%

5 Yr Avg Return

8.6%

Net Assets

$1.29 B

Holdings in Top 10

23.4%

52 WEEK LOW AND HIGH

$17.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.73%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 95.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$10,000,000

IRA

$10,000,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$17.76

$1.29 B

1.48%

$0.26

0.73%

PYVSX - Profile

Distributions

  • YTD Total Return 7.6%
  • 3 Yr Annualized Total Return 5.9%
  • 5 Yr Annualized Total Return 8.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.94%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Payden Equity Income Fund
  • Fund Family Name
    Paydenfunds
  • Inception Date
    Aug 01, 2014
  • Shares Outstanding
    N/A
  • Share Class
    S
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Wong

Fund Description

ª
The Fund invests primarily in large capitalization value stocks, defined as stocks with sustainable cash flows that have the ability to pay and grow their dividends over time, and other income producing equity securities, including by way of example, preferred stocks, real estate investment trusts and master limited partnerships. Payden uses a combination of quantitative techniques and fundamental analysis to identify large capitalization companies with durable cash flows that are capable of paying and increasing their dividend over time, which may drive price appreciation. The Fund seeks to construct a portfolio of equity securities that will provide market participation with an above-market dividend yield and better risk-adjusted returns over a long-term time horizon. The Fund’s benchmark is the Russell 1000 Value Index. However, the Fund’s investments include only a limited portion of the common stocks included in the benchmark and also include income producing equity securities that are not included in the benchmark. In addition, the Fund will seek to provide a higher level of current income than the benchmark.
ª
The Fund invests principally in U.S. securities, but may invest up to 30% of its total assets in foreign securities, including companies organized or headquartered in emerging markets. The Fund may invest in foreign securities either directly or through American Depositary Receipts on U.S. exchanges.
ª
The Fund may invest in many different types of derivatives, such as futures, forwards, swaps and options. These positions may be used for the purposes of either hedging currency exposure in the portfolio or to obtain exposure to various market sectors. Currency positions may be employed for the purposes of hedging non-dollar denominated securities or to take an active position in a currency, both long or short.
ª
To gain exposure to various markets consistent with the investment strategies of the Fund, the Fund may invest in exchange-traded funds (“ETFs”) and other investment companies, including for example, other open-end or closed-end investment companies.
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PYVSX - Performance

Return Ranking - Trailing

Period PYVSX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.6% -4.5% 22.2% 40.07%
1 Yr 20.4% -5.0% 42.6% 65.57%
3 Yr 5.9%* -2.6% 31.5% 83.39%
5 Yr 8.6%* -0.1% 44.3% 84.84%
10 Yr N/A* 1.3% 24.9% 60.72%

* Annualized

Return Ranking - Calendar

Period PYVSX Return Category Return Low Category Return High Rank in Category (%)
2023 2.2% -24.9% 46.1% 73.35%
2022 -12.6% -65.1% 4.6% 53.71%
2021 2.3% -44.2% 57.5% 91.64%
2020 -1.4% -23.2% 285.0% 58.55%
2019 21.7% -21.4% 48.5% 32.66%

Total Return Ranking - Trailing

Period PYVSX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.6% -4.5% 22.2% 40.07%
1 Yr 20.4% -5.0% 42.6% 65.57%
3 Yr 5.9%* -2.6% 31.5% 83.39%
5 Yr 8.6%* -0.1% 44.3% 84.84%
10 Yr N/A* 1.3% 24.9% 56.94%

* Annualized

Total Return Ranking - Calendar

Period PYVSX Return Category Return Low Category Return High Rank in Category (%)
2023 5.5% -15.9% 46.7% 86.28%
2022 -6.7% -42.0% 8.5% 59.89%
2021 23.4% 3.6% 129.7% 78.66%
2020 0.8% -22.6% 304.8% 70.26%
2019 28.0% -12.7% 52.1% 23.56%

NAV & Total Return History


PYVSX - Holdings

Concentration Analysis

PYVSX Category Low Category High PYVSX % Rank
Net Assets 1.29 B 93 163 B 41.57%
Number of Holdings 82 2 1689 47.17%
Net Assets in Top 10 294 M 420 K 33.9 B 44.77%
Weighting of Top 10 23.40% 5.6% 99.9% 72.51%

Top 10 Holdings

  1. Payden Cash Reserves Money Market Fund 4.33%
  2. JPMorgan Chase Co 2.99%
  3. Walmart Inc 2.54%
  4. Arthur J Gallagher Co 2.21%
  5. Exxon Mobil Corp 2.06%
  6. Microsoft Corp 1.95%
  7. Visa Inc 1.93%
  8. Verizon Communications Inc 1.91%
  9. L3Harris Technologies Inc 1.75%
  10. CVS Health Corp 1.73%

Asset Allocation

Weighting Return Low Return High PYVSX % Rank
Stocks
94.80% 1.86% 108.42% 89.28%
Cash
4.98% -0.79% 38.18% 8.83%
Bonds
0.17% -0.71% 73.23% 7.12%
Other
0.04% -3.53% 39.72% 18.70%
Preferred Stocks
0.00% 0.00% 13.88% 98.80%
Convertible Bonds
0.00% 0.00% 3.66% 98.62%

Stock Sector Breakdown

Weighting Return Low Return High PYVSX % Rank
Healthcare
18.00% 0.00% 30.08% 47.15%
Financial Services
17.45% 0.00% 58.05% 67.62%
Energy
16.34% 0.00% 54.00% 3.54%
Technology
14.19% 0.00% 54.02% 22.80%
Industrials
9.44% 0.00% 42.76% 73.06%
Consumer Defense
7.71% 0.00% 34.10% 60.02%
Utilities
4.52% 0.00% 27.04% 48.19%
Real Estate
4.39% 0.00% 90.54% 28.15%
Consumer Cyclical
3.36% 0.00% 22.74% 88.43%
Basic Materials
2.39% 0.00% 21.69% 72.63%
Communication Services
2.20% 0.00% 26.58% 91.45%

Stock Geographic Breakdown

Weighting Return Low Return High PYVSX % Rank
US
88.93% 1.86% 108.42% 91.08%
Non US
5.87% 0.00% 27.89% 12.26%

Bond Sector Breakdown

Weighting Return Low Return High PYVSX % Rank
Corporate
10.46% 0.00% 100.00% 11.40%
Cash & Equivalents
4.33% 0.00% 100.00% 13.65%
Derivative
0.04% -3.53% 6.83% 5.49%
Securitized
0.00% 0.00% 40.38% 98.19%
Municipal
0.00% 0.00% 0.02% 98.19%
Government
0.00% 0.00% 100.00% 98.28%

Bond Geographic Breakdown

Weighting Return Low Return High PYVSX % Rank
US
0.17% -0.71% 65.41% 7.12%
Non US
0.00% 0.00% 7.82% 99.06%

PYVSX - Expenses

Operational Fees

PYVSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.73% 0.01% 17.54% 70.51%
Management Fee 0.50% 0.00% 1.50% 35.25%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.00% 0.50% 76.49%

Sales Fees

PYVSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

PYVSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PYVSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 95.00% 0.00% 488.00% 87.59%

PYVSX - Distributions

Dividend Yield Analysis

PYVSX Category Low Category High PYVSX % Rank
Dividend Yield 1.48% 0.00% 36.55% 57.83%

Dividend Distribution Analysis

PYVSX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Semi-Annually

Net Income Ratio Analysis

PYVSX Category Low Category High PYVSX % Rank
Net Income Ratio 1.94% -1.51% 4.28% 17.56%

Capital Gain Distribution Analysis

PYVSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

PYVSX - Fund Manager Analysis

Managers

James Wong


Start Date

Tenure

Tenure Rank

Feb 27, 2009

13.26

13.3%

James Wong, CFA, is a Managing Principal and portfolio manager who has been with Payden & Rygel since 1995. He has worked with the two products since their inception. Wong has over 15 years of equity portfolio management experience, during which he has managed the breadth of equity styles and market capitalizations. He has extensive experience managing long/short portfolios, creating hedging strategies using derivatives and developing customized investment solutions for client specific needs. Wong is also a member of the Investment Policy Committee. Prior to joining Payden & Rygel, Wong was a trader at the Union Bank of Switzerland where he focused on mortgage-backed securities. Previously, he was in the mergers and acquisitions group at Salomon Brothers Inc., focusing on financial institutions. Wong holds the Chartered Financial Analyst designation and the FINRA series 7, 3 and 63 licenses. He earned an MBA degree from The Anderson School at the University of California, Los Angeles with an emphasis in finance. Wong received a BS degree in Finance from The Wharton School at the University of Pennsylvania.

Michael Salvay


Start Date

Tenure

Tenure Rank

Feb 28, 2020

2.25

2.3%

Michael Salvay, CFA, is a Managing Principal at Payden & Rygel. He is a member of the firm’s Investment Policy Committee and serves as Senior Portfolio Manager advising public pension plans, endowments and universities and corporations. He directs the core bond architecture group and has extensive experience in developing customized mandates for active and passive index replication portfolios as well as hedging programs. Salvay is also a trustee of The Payden & Rygel Investment Group, the sponsor of the Paydenfunds, for which Payden & Rygel is the investment advisor. Prior to joining Payden & Rygel, Salvay was a Senior Portfolio Manager at Dewey Square Investors in Boston, where he specialized in mortgage-backed securities and duration immunization strategies. Michael Salvay holds the Chartered Financial Analyst designation and is a member of the CFA Institute. He earned an MBA from the Amos Tuck School at Dartmouth College and a BA in Economics from the University of California, San Diego.

Alfred Giles


Start Date

Tenure

Tenure Rank

Feb 28, 2020

2.25

2.3%

Alfred Giles, CFA, a Senior Vice President and portfolio manager. Mr. Giles has been with Payden since 2013 and with the investment management business since 2005.

Micheal Huynh


Start Date

Tenure

Tenure Rank

Feb 28, 2020

2.25

2.3%

Asha Joshi


Start Date

Tenure

Tenure Rank

Feb 28, 2022

0.25

0.3%

Asha Joshi is a Managing Principal, Senior Portfolio Manager and director of Enhanced Equity Index Strategies. She is responsible for a number of domestic and international clients, including public plans, corporations, universities, and endowments. Previously, Joshi was Vice President, Capital Markets, at Canadian Imperial Bank of Commerce where she advised clients on managing interest rate and currency risk. Prior to that, she was a Vice President, Global Trading, at First Interstate Bank, Ltd. where she managed and traded the bank’s portfolio of derivative products. Joshi also serves on the board of Crystal Stairs, a non-profit organization dedicated to assisting welfare families while the mother transitions into the workforce. She is Chairman of the Scholarship Committee of the Los Angeles Society of Financial Analysts and is a member of the Association of Investment Management and Research (AIMR).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.01 16.42