Payden Global Low Duration Fund (PYGSX)

Overview

The fund focuses on diversifying its investments across a broad spectrum of debt instruments and income-generating securities, aiming to provide stable returns to its investors. With a strategy that allocates at least 65% of its total assets in investment-grade debt securities, the fund ensures a strong base of quality investments. Meanwhile, to potentially enhance returns, it retains the flexibility to invest up to 35% of its total assets in debt securities rated below investment grade. This strategy is carefully managed to maintain the overall average credit quality of the fund within the investment-grade territory, balancing risk and return effectively.

Products and Services

• Investment-Grade Debt Securities

  These form the core of the fund's portfolio, comprising at least 65% of its total assets. Investment-grade debt securities are bonds issued by corporations or governments with a relatively low risk of default. By putting a majority of its assets into these securities, the fund aims to provide a stable income stream to its investors, while maintaining a solid foundation of credit quality.

• Below Investment-Grade Debt Securities

  Up to 35% of the fund's total assets may be allocated to debt securities rated below investment grade, also known as high-yield bonds. These instruments typically offer higher yields compared to investment-grade bonds, in exchange for a higher risk of default. The strategic inclusion of these securities is aimed at enhancing the overall return of the portfolio, while the fund's management ensures that the aggregate credit quality remains within the investment-grade level.