PYSBX: Payden Low Duration Fund - MutualFunds.com

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Payden Low Duration Fund

PYSBX - Snapshot

Vitals

  • YTD Return 1.4%
  • 3 Yr Annualized Return 2.6%
  • 5 Yr Annualized Return 2.2%
  • Net Assets $1.5 B
  • Holdings in Top 10 51.9%

52 WEEK LOW AND HIGH

$10.23
$9.55
$10.23

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.54%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 166.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $5,000
  • IRA $2,000

Fund Classification


Compare PYSBX to Popular U.S. Short-Term Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$10.99

+0.09%

$66.84 B

2.76%

$0.30

2.42%

0.20%

$82.90

+0.02%

$58.80 B

2.22%

$1.84

2.84%

0.05%

$10.87

+0.09%

$58.80 B

2.10%

$0.23

2.84%

0.15%

$4.18

0.00%

$54.74 B

3.63%

$0.15

-0.71%

0.60%

$82.91

+0.06%

$39.12 B

2.81%

$2.33

2.30%

0.05%

PYSBX - Profile

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return 2.6%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.38%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Payden Low Duration Fund
  • Fund Family Name
    Paydenfunds
  • Inception Date
    Dec 31, 1993
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mary Syal

Fund Description

The fund invests in a wide variety of debt instruments and income-producing securities payable primarily in U.S. dollars. It invests at least 75% of its total assets in investment grade debt securities, but may invest up to 25% of its total assets in debt securities rated below investment grade. The overall average credit quality of the fund will remain investment grade.


PYSBX - Performance

Return Ranking - Trailing

Period PYSBX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -8.7% 204.8% 56.90%
1 Yr 3.2% -6.9% 7.9% 58.39%
3 Yr 2.6%* -1.7% 4.7% 63.17%
5 Yr 2.2%* -1.6% 5.6% 63.39%
10 Yr 1.8%* 0.1% 4.3% 60.05%

* Annualized

Return Ranking - Calendar

Period PYSBX Return Category Return Low Category Return High Rank in Category (%)
2019 1.7% -2.4% 5.0% 61.96%
2018 -1.3% -50.6% 1.0% 51.16%
2017 -0.1% -1.6% 2.8% 44.49%
2016 0.6% -65.8% 7.1% 29.75%
2015 -0.7% -75.0% 3.0% 24.34%

Total Return Ranking - Trailing

Period PYSBX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -8.7% 205.2% 56.90%
1 Yr 3.2% -7.8% 7.9% 49.66%
3 Yr 2.6%* -1.7% 4.7% 54.33%
5 Yr 2.2%* -1.6% 5.6% 57.23%
10 Yr 1.8%* 0.1% 4.3% 58.09%

* Annualized

Total Return Ranking - Calendar

Period PYSBX Return Category Return Low Category Return High Rank in Category (%)
2019 1.7% -2.3% 5.0% 63.75%
2018 -1.3% -4.2% 6.5% 58.53%
2017 -0.1% -1.6% 5.9% 52.33%
2016 0.6% -65.2% 10.7% 40.72%
2015 -0.7% -7.0% 3.5% 35.56%

NAV & Total Return History


PYSBX - Holdings

Concentration Analysis

PYSBX Category Low Category High PYSBX % Rank
Net Assets 1.5 B 4.99 M 66.8 B 42.50%
Number of Holdings 347 3 4785 59.73%
Net Assets in Top 10 579 M -168 M 7.26 B 26.40%
Weighting of Top 10 51.85% 2.5% 100.0% 10.83%

Top 10 Holdings

  1. 2 Year Treasury Note Future Sept 20 22.29%
  2. 2 Year Treasury Note Future Sept 20 22.29%
  3. 2 Year Treasury Note Future Sept 20 22.29%
  4. 2 Year Treasury Note Future Sept 20 22.29%
  5. 2 Year Treasury Note Future Sept 20 22.29%
  6. 2 Year Treasury Note Future Sept 20 22.29%
  7. 2 Year Treasury Note Future Sept 20 22.29%
  8. 2 Year Treasury Note Future Sept 20 22.29%
  9. 2 Year Treasury Note Future Sept 20 22.29%
  10. 2 Year Treasury Note Future Sept 20 22.29%

Asset Allocation

Weighting Return Low Return High PYSBX % Rank
Bonds
110.80% 0.00% 174.62% 7.11%
Convertible Bonds
3.57% 0.00% 32.87% 18.10%
Stocks
0.00% 0.00% 7.11% 64.81%
Preferred Stocks
0.00% 0.00% 52.77% 68.70%
Other
0.00% -4.23% 20.06% 61.76%
Cash
-14.37% -77.67% 100.00% 92.72%

Bond Sector Breakdown

Weighting Return Low Return High PYSBX % Rank
Government
35.49% 0.00% 77.61% 17.09%
Securitized
32.48% 0.00% 86.18% 43.15%
Corporate
29.66% 0.00% 100.00% 66.33%
Cash & Equivalents
2.38% 0.00% 100.00% 86.13%
Derivative
0.00% 0.00% 37.09% 67.34%
Municipal
0.00% 0.00% 15.94% 82.06%

Bond Geographic Breakdown

Weighting Return Low Return High PYSBX % Rank
US
85.45% 0.00% 143.57% 37.56%
Non US
25.35% -20.17% 78.67% 8.80%

PYSBX - Expenses

Operational Fees

PYSBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.54% 0.01% 34.57% 68.87%
Management Fee 0.28% 0.00% 1.19% 30.87%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.50% 78.17%

Sales Fees

PYSBX 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 0.50% 5.00% N/A

Trading Fees

PYSBX 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.

PYSBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 166.00% 0.00% 496.37% 85.04%

PYSBX - Distributions

Dividend Yield Analysis

PYSBX Category Low Category High PYSBX % Rank
Dividend Yield 0.00% 0.00% 3.94% 64.43%

Dividend Distribution Analysis

PYSBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

PYSBX Category Low Category High PYSBX % Rank
Net Income Ratio 2.38% -9.96% 4.42% 45.22%

Capital Gain Distribution Analysis

PYSBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

PYSBX - Fund Manager Analysis

Managers

Mary Syal


Start Date

Tenure

Tenure Rank

Feb 28, 2008

12.6

12.6%

Mary Beth Syal, CFA, is a managing principal at Payden & Rygel and a member of the Executive Committee of the board of directors. Syal is a member of the firm's Investment Policy Committee. She directs the firm‟s low duration strategies and also serves as a senior portfolio manager advising corporations, insurance companies and family offices. She is a trustee of The Payden & Rygel Investment Group, the sponsor of the Paydenfunds, for which Payden & Rygel is the investment adviser. Prior to joining Payden & Rygel, Syal was a portfolio manager and strategist at Amervest Company, Inc., where she was the co-chair of the Investment Strategy Committee. Mary Beth Syal is a member of the CFA Society of Los Angeles and the CFA Institute, the Los Angeles Association of Investment Women. In addition, she serves on the Investment Committee of the Western Province of the Religious of the Sacred Heart of Mary and is a member of the Investment Review Committee for St. Joseph Health System. Syal holds the Chartered Financial Analyst designation. She earned a BA degree in Government from Smith College in Northampton, Massachusetts.

Brian Matthews


Start Date

Tenure

Tenure Rank

Feb 28, 2013

7.59

7.6%

Brian Matthews, CFA, is a managing principal and the chief financial officer at Payden & Rygel, and is a member of the Executive Committee of the board of directors. Matthews is a member of the firm’s Investment Policy Committee and serves as a senior portfolio manager advising institutional clients, including corporations, pension funds, insurance companies and foundations and endowments. He is a director of Metzler/Payden LLC, the firm’s joint venture with Metzler Bank of Frankfurt, Germany. Matthews is also co-chairman of Payden/Kravitz LLC, a joint venture specializing in cash balance retirement plans. Prior to joining Payden & Rygel, Matthews was an investment officer at Brown Brothers Harriman & Company in New York, where he was responsible for managing fixed-income portfolios and asset/liability management. Matthews is a member of the CFA Society of Los Angeles, the CFA Institute and the Investment Counsel Association of America, Inc. He is past chairman of the board of directors for the Boy Scouts of America Los Angeles Area Council and serves on the board of directors for Oaks Christian School, St. Anne’s, Kids in Sports, and the board of visitors for Pepperdine University and is a board member of the Patron of the Arts in the Vatican Museums. Brian Matthews holds the Chartered Financial Analyst designation. He earned a BS in Economics at the University of Notre Dame.

David Ballantine


Start Date

Tenure

Tenure Rank

Feb 28, 2017

3.59

3.6%

David Ballantine, CFA, CFP, is a principal and and portfolio manager who has been with Payden & Rygel since 1991. He oversees the firm's trading operations and is a key member of the portfolio management team responsible for developing strategies for short- and intermediate-term fixed-income portfolios. Prior to joining Payden & Rygel, Ballantine traded corporate, asset-backed and mortgage securities at The Capital Group and worked in the fixed-income department at Fidelity Investments. David Ballantine is a member of the CFA Institute, Investment Counsel Association of America, Inc. and the Financial Planning Association. He is also a member of the Leadership of Southern California and the L.A. Works Organization. Ballantine holds the Chartered Financial Analyst designation and is a certified financial planner. He earned a BS in Business Administration from the University of New Hampshire.

Larry Manis


Start Date

Tenure

Tenure Rank

Feb 28, 2017

3.59

3.6%

Larry Manis, CFA, is a Senior Vice President and portfolio manager. Mr. Manis has been with Payden & Rygel since 2014.

Nigel Jenkins


Start Date

Tenure

Tenure Rank

Feb 28, 2020

0.59

0.6%

Nigel Jenkins is a Managing Principal and portfolio manager who has been with Payden & Rygel since 2006. who is responsible for the management of UK and European benchmarked fixed-income and money market portfolios. Prior to joining Payden & Rygel, Jenkins was a founding partner of Centric Capital LLP, a fixed-income and currency hedge fund focusing on quantitative methodologies. Previously he was head of global fixed-income at WestLB, and a director of the fixed income & currency group at Rothschild Asset Management, both in London. Jenkins holds the ASIP designation of the UK Society of Investment Professionals, a member society of the CFA Institute. He earned a MA degree in Economics from the University of Cambridge.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 27.67 5.98 0.75