Payden Low Duration Fund SI Class (PYLDX)

Overview

The fund is a diversified investment platform that primarily focuses on allocating its resources in a broad spectrum of debt instruments and income-producing securities that are predominantly payable in U.S. dollars. It is designed for investors who are looking for exposure to investment grade and, to a lesser extent, below-investment-grade debt securities. By committing at least 75% of its total assets to investment grade debt securities, the fund ensures a stable and relatively low-risk investment base. Despite this, it also explores opportunities in the higher yield, albeit riskier, below-investment-grade debt instruments by investing up to 25% of its total assets in such securities. The fund maintains an overall investment strategy that secures its position within the investment grade quality spectrum, striking a balance between risk and return for its investors.

Products and Services

• Investment Grade Debt Securities

  This service is the core of the fund's strategy, comprising at least 75% of the fund's total assets. Investment grade debt securities are evaluated and selected based on their high credit quality, which indicates lower risk of default. These can include government bonds, corporate bonds, and other fixed income securities that provide a stable income stream with relatively low risk, making them ideal for conservative investors seeking steady returns.

• Below-Investment-Grade Debt Securities

  For investors looking for higher yields and are willing to accept increased risks, the fund allocates up to 25% of its total assets to below-investment-grade debt securities. Also known as high-yield or junk bonds, these securities offer higher interest rates because they come with a higher risk of default compared to investment grade bonds. This segment of the fund’s portfolio is geared towards investors who are seeking to enhance their potential returns through riskier, yet potentially more profitable, investments.