Payden Absolute Return Bond Fund CHF (Accumulating) (0P0001JP63)
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Payden Absolute Return Bond Fund CHF (Accumulating) Profile
| SIX Exchange | US Country |
Overview
The fund is a specialized investment vehicle designed to cater to the specific needs of cash balance pension plans. It aims to achieve a total return, after accounting for fees and expenses, that matches the interest crediting rate set by the Internal Revenue Service for these types of pension plans. This rate is based on the yield of the 30-year U.S. Treasury Bond. The objective is to reach this target rate on an annual basis, providing a reliable investment solution for pension plans looking to align with IRS-established crediting rates. To achieve its investment goals, the fund employs a diversified strategy, investing across a broad spectrum of debt instruments and income-producing securities. This approach allows it to adjust to changing market conditions and interest rates while striving to meet its specified income objectives.
Products and Services
- Investment Vehicle for Cash Balance Pension Plans:
This fund offers a unique investment solution specifically designed for cash balance pension plans. By targeting the interest crediting rate established by the IRS, it provides a focused investment strategy that helps pension plans meet their obligation to participants, ensuring a stable and predictable investment route tailored to the specific needs of these plans.
- Total Return Strategy:
In its pursuit to align with the IRS's interest crediting rate for cash balance pension plans, the fund aims for a total return, net of fees and expenses, equivalent to the 30-year U.S. Treasury Bond Yield. This strategy is employed with the intent of generating a consistent yield that can support the pension plans' growth and financial health in line with regulatory requirements.
- Diversified Investment in Debt Instruments and Income-Producing Securities:
To achieve its annual rate target, the fund diversifies its investments across a wide array of debt instruments and income-producing securities. This not only mitigates risk by spreading exposure across different asset classes but also takes advantage of varying market opportunities. The fund's diversified strategy is crucial for its attempts to closely follow the 30-year U.S. Treasury Bond Yield, adapting to the fluctuating financial landscape while seeking to deliver on its commitments to investors.
