PYSGX: Payden Strategic Income Investor

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PYSGX Payden Strategic Income Investor


Profile

PYSGX - Profile

Vitals

  • YTD Return -8.2%
  • 3 Yr Annualized Return -2.3%
  • 5 Yr Annualized Return -1.5%
  • Net Assets $164 M
  • Holdings in Top 10 27.1%

52 WEEK LOW AND HIGH

$9.35
$9.07
$10.39

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.87%

SALES FEES

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

BROKERAGE FEES

  • Turnover 72.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA $100,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Short-Term Bond

Distributions

  • YTD Total Return -8.2%
  • 3 Yr Annualized Total Return -2.3%
  • 5 Yr Annualized Total Return -1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.30%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Payden Strategic Income Fund
  • Fund Family Name
    Paydenfunds
  • Inception Date
    May 08, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Salvay

Fund Description

The fund invests in a wide variety of securities across many asset classes in an unconstrained fashion. It seeks opportunities by employing a flexible approach that evaluates security attractiveness on a global basis and across currencies. The fund will invest in income-producing securities and equity related securities payable in U.S. dollars and other currencies.


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Categories

Performance

PYSGX - Performance

Return Ranking - Trailing

Period PYSGX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.2% -19.8% 0.6% 93.10%
1 Yr -6.3% -22.0% 3.7% 85.64%
3 Yr -2.3%* -8.3% 1.3% 88.05%
5 Yr -1.5%* -21.2% 1.8% 80.95%
10 Yr N/A* -11.2% 2.2% N/A

* Annualized

Return Ranking - Calendar

Period PYSGX Return Category Return Low Category Return High Rank in Category (%)
2019 4.8% -6.6% 4.9% 1.04%
2018 -3.7% -4.1% 1.0% 98.77%
2017 1.4% -0.7% 2.8% 8.92%
2016 0.9% -65.8% 7.1% 24.84%
2015 -0.5% -6.6% 3.0% 8.16%

Total Return Ranking - Trailing

Period PYSGX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.2% -19.8% 0.6% 93.10%
1 Yr -6.3% -22.0% 3.7% 85.64%
3 Yr -2.3%* -7.8% 2.2% 89.94%
5 Yr -1.5%* -19.7% 2.0% 85.71%
10 Yr N/A* -9.6% 2.2% N/A

* Annualized

Total Return Ranking - Calendar

Period PYSGX Return Category Return Low Category Return High Rank in Category (%)
2019 4.8% -6.6% 4.9% 1.04%
2018 -3.7% -4.1% 3.2% 98.77%
2017 1.4% -0.7% 4.7% 24.84%
2016 0.9% -65.2% 8.4% 37.25%
2015 -0.5% -5.3% 3.1% 19.05%

NAV & Total Return History


Holdings

PYSGX - Holdings

Concentration Analysis

PYSGX Category Low Category High PYSGX % Rank
Net Assets 164 M 272 K 64 B 72.46%
Number of Holdings 304 6 2087 69.15%
Net Assets in Top 10 21.5 M -5.43 M 6.66 B 83.58%
Weighting of Top 10 27.09% 5.8% 99.5% 32.28%

Top 10 Holdings

  1. United States Treasury Notes 1.62% 7.23%
  2. 5 Year Treasury Note Future Mar 20 6.55%
  3. 10 Year Treasury Note Future Mar 20 3.26%
  4. Ultra 10 Year US Treasury Note Future Mar 20 2.38%
  5. United States Treasury Notes 1.38% 2.32%
  6. Bond-Unsettled Purchases 1.42%
  7. FHLMC Pc Prepay Prm 30 2.45% 1.13%
  8. Ultra US Treasury Bond Future Mar 20 0.94%
  9. LOS ANGELES CALIF MUN IMPT CORP LEASE REV 3.43% 0.93%
  10. Federal National Mortgage Association 3% 0.93%

Asset Allocation

Weighting Return Low Return High PYSGX % Rank
Bonds
90.14% 22.39% 144.98% 72.14%
Cash
7.45% -54.63% 77.61% 31.84%
Convertible Bonds
1.22% 0.00% 5.54% 52.74%
Stocks
1.07% 0.00% 7.28% 1.00%
Preferred Stocks
0.12% 0.00% 37.76% 11.94%
Other
0.01% -0.56% 13.40% 16.42%

Stock Sector Breakdown

Weighting Return Low Return High PYSGX % Rank
Real Estate
63.23% 0.00% 63.23% 2.78%
Energy
36.77% 0.00% 100.00% 30.56%
Utilities
0.00% 0.00% 3.59% 58.33%
Technology
0.00% 0.00% 23.38% 47.22%
Industrials
0.00% 0.00% 100.00% 72.22%
Healthcare
0.00% 0.00% 14.95% 55.56%
Financial Services
0.00% 0.00% 32.86% 61.11%
Communication Services
0.00% 0.00% 18.73% 55.56%
Consumer Defense
0.00% 0.00% 32.88% 55.56%
Consumer Cyclical
0.00% 0.00% 100.00% 80.56%
Basic Materials
0.00% 0.00% 14.65% 55.56%

Stock Geographic Breakdown

Weighting Return Low Return High PYSGX % Rank
US
1.07% 0.00% 7.10% 1.00%
Non US
0.00% 0.00% 0.18% 38.81%

Bond Sector Breakdown

Weighting Return Low Return High PYSGX % Rank
Corporate
41.64% 2.17% 93.48% 49.25%
Securitized
22.82% 0.00% 71.03% 62.19%
Government
20.21% -3.22% 61.46% 37.81%
Cash & Equivalents
8.28% 0.15% 77.61% 38.81%
Derivative
3.86% -0.09% 32.63% 18.91%
Municipal
3.20% 0.00% 14.85% 4.48%

Bond Geographic Breakdown

Weighting Return Low Return High PYSGX % Rank
US
68.85% 0.00% 131.08% 71.14%
Non US
21.29% 0.00% 90.78% 45.77%

Expenses

PYSGX - Expenses

Operational Fees

PYSGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.87% 0.02% 43.40% 50.25%
Management Fee 0.55% 0.00% 1.19% 82.61%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.05% 0.41% 60.81%

Sales Fees

PYSGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

PYSGX 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.

PYSGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 72.00% 0.00% 496.37% 60.00%

Distributions

PYSGX - Distributions

Dividend Yield Analysis

PYSGX Category Low Category High PYSGX % Rank
Dividend Yield 0.00% 0.00% 1.88% 59.42%

Dividend Distribution Analysis

PYSGX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PYSGX Category Low Category High PYSGX % Rank
Net Income Ratio 3.30% -2.82% 4.10% 7.11%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PYSGX - Fund Manager Analysis

Managers

Michael Salvay


Start Date

Tenure

Tenure Rank

May 08, 2014

5.82

5.8%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 23.75 5.35 3.08