Payden High Income

The investment seeks high current income while providing for capital appreciation by investing primarily in a diversified portfolio of below investment grade bonds.
The fund invests in a wide variety of debt instruments and income-producing securities. It normally invests at least 80% of its total assets in corporate debt securities rated below investment grade. Investment grade debt securities are rated within the four highest grades by at least one of the major rating agencies, such as Standard & Poor's (at least BBB-), Moody's (at least Baa3) or Fitch (at least BBB-), or are securities that the fund's adviser determines to be of comparable quality.

Key stats

Management firm  Paydenfunds
Domicile  United States
Fund Administrator  Treasury Plus, Inc.
Global Branding Name  Payden
12 month yield  5.60%
Fund currency  USD
Launch Date  1997-12-30
ISIN  US7043295721
SEDOL  B733RK3
Manager 1 Name  Sabur Moini
Manager 2 Name  Jordan Lopez
Fund Strategy  High Yield Bond
Benchmark  BofAML US HY C Pay BB-B Constd TR USD
Fund Structure  Open Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-03-31
Return - 1 Month  0.18%
Return - 2 Months  2.20 %
Return - 3 Months  2.78%
Return - 6 Months  6.19 %
Return - 9 months  7.57 %
Return - 12 Months  5.15%
Annualized return 24 months  8.17 %
Annualized return 36 months  7.34 %
Annualized return 48 months  8.63 %
Annualized return 60 months  12.34 %
Return 120 months  6.30 %
Annualized return since Inception  5.89%
Return YTD  2.78%

Ratings

Morning Star Rating Date   2014-03-31
Morning Star Rating - 36 Months  fund has a 3 star rating fund has a 3 star rating fund has a 3 star rating
Morning Star Rating - 60 Months  fund has a 1 star rating
Morning Star Rating - 120 Months  fund has a 2 star rating fund has a 2 star rating
Morning Star Rating - Overall  fund has a 2 star rating fund has a 2 star rating

Charges

Initial  0.00 %
Minimum Investment  $100,000
Maximum Managment Charge  0.35 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact Address  Paydenfunds
Contact Address 2  333 S Grand Ave, 32nd Floor
Contact Address 3  Los Angeles, CA 90071
Contact city  Los Angeles
Contact country  United States
Fund Admin Group  Paydenfunds
Web Address  www.payden.com
Custodian  The Bank of New York Mellon
Phone  6144708006

Price

Last Price Date  2014-04-17
Pre-tax nav  7.17
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $-0.01
Price change (percentage)  -0.14 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

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Ratings Disclaimer

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