Morningstar

Payden Absolute Return Bond Adv PYABX

Morningstar Medalist Rating
Medalist Rating as of | See Payden Investment Hub
  • NAV / 1-Day Return 9.52  /  0.00
  • Total Assets 598.1 Mil
  • Adj. Expense Ratio
    0.950%
  • Expense Ratio 0.950%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield —
  • Effective Duration 0.27 years

USD | NAV as of Oct 05, 2024 | 1-Day Return as of Oct 05, 2024, 1:13 AM GMT+0

Morningstar’s Analysis PYABX

Will PYABX 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 PYABX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PYABX 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 PYABX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A sound investment process and strong management team underpin Payden Absolute Return Bond Adv's Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PYABX

More PYABX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings −47.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset- Futures

59.80 341.3 Mil
Cash and Equivalents

Usd/Eur Fwd 20240926 00189

12.83 73.2 Mil
Derivative

Eur/Usd Fwd 20240926 00189

6.38 36.4 Mil
Derivative

United States Treasury Notes 2.375%

5.06 28.9 Mil
Government

Usd/Brl Fwd 20240912 816

3.90 22.3 Mil
Derivative

Secretaria Tesouro Nacional

3.79 21.6 Mil
Government

United States Treasury Bills 5.24044%

3.41 19.5 Mil
Government

iShares iBoxx $ Invmt Grade Corp Bd ETF

2.68 15.3 Mil
—

Eur/Usd Fwd 20240926 00908

1.83 10.4 Mil
Derivative

Usd/Eur Fwd 20240926 00908

1.80 10.3 Mil
Derivative

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