PKBIX

About PKBIX

Payden Managed Income Fund SI Class is an actively managed mutual fund focused on diversified fixed-income securities. Its primary objective is to deliver total return through income and price appreciation by investing across corporate bonds, mortgage-related securities, and emerging-market debt, complemented by positions that express views on industries, interest rates, and currencies. The strategy emphasizes relatively low interest rate sensitivity, using futures to manage duration and help limit exposure to yield-curve fluctuations. Classified within the multisector bond category, the fund employs moderate hedging and defensive techniques and may tactically incorporate limited equity exposure to enhance its cash‑flow profile. The approach aims to provide a higher-yielding, credit-oriented profile with reduced correlation to traditional core bond and equity allocations, aligning with needs such as cash balance plan objectives while referencing a short‑term Treasury bill index for benchmarking. Launched in 2008, the SI Class features a stated minimum investment and a net expense ratio published by the sponsor, supported by a seasoned portfolio team overseeing broad sector diversification and active risk management.