Payden Corporate Bond Fund Adviser Class (PYAYX)

Overview

The company specializes in investing in a diverse range of debt instruments and income-producing securities, focusing primarily on corporate bonds or similar corporate debt instruments. It aims to maintain a portfolio where at least 80% of total assets are invested in such financial instruments under normal market conditions. In pursuit of achieving broader exposure to corporate debt markets, the company extensively utilizes derivatives, including credit default swaps on individual corporate names and various credit indices. This strategy allows the company to navigate and potentially profit from the complexities of the corporate debt market.

Products and Services

• Corporate Bonds Investment

  This service centers around investing a significant portion of the company's assets in corporate bonds or similar debt instruments. The aim is to generate income through interest payments from these bonds, providing investors with a steady income stream while also focusing on capital preservation and appreciation over time.

• Income-Producing Securities

  The company also diversifies its portfolio through investments in various income-producing securities. This not only spreads out investment risks but also aims at enhancing the overall yield of the investment portfolio, thereby benefiting from diversified sources of income.

• Derivatives Use for Market Exposure

  To gain a more comprehensive exposure to corporate debt markets, the company employs derivatives significantly. This entails the use of credit default swaps (CDS) on both individual corporate entities and various credit indices. Using derivatives is a strategic move to manage and mitigate risk, while also seizing opportunities for potential gains from market movements.