Morningstar

Payden Low Duration Fund PYSBX

Morningstar Medalist Rating
Medalist Rating as of | See Payden Investment Hub
  • NAV / 1-Day Return 9.88  /  +0.14 %
  • Total Assets 922.0 Mil
  • Adj. Expense Ratio
    0.430%
  • Expense Ratio 0.430%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 4.10%
  • Effective Duration 1.83 years

USD | NAV as of Sep 28, 2024 | 1-Day Return as of Sep 28, 2024, 12:17 AM GMT+0

Morningstar’s Analysis PYSBX

Will PYSBX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PYSBX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PYSBX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PYSBX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A strong management team and sound investment process underpin Payden Low Duration Fund's Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings PYSBX

More PYSBX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 43.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future Sept 24

15.97 157.8 Mil
Government

United States Treasury Notes 4.375%

13.71 135.5 Mil
Government

United States Treasury Notes 3.75%

4.14 40.9 Mil
Government

United States Treasury Notes 4%

2.12 21.0 Mil
Government

United States Treasury Notes 5%

1.66 16.4 Mil
Government

Sysco Corporation 5.40081%

1.52 15.0 Mil
Cash and Equivalents

United States Treasury Notes 4.5%

1.38 13.6 Mil
Government

CONNECTICUT AVENUE SECURITIES TRUST 7.34714%

1.34 13.2 Mil
Securitized

United States Treasury Notes 4.625%

1.23 12.1 Mil
Government

Federal Home Loan Banks 5%

1.19 11.7 Mil
Government

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