Payden Corporate Bond Fund is a diversified mutual fund that primarily focuses on investment-grade corporate bonds issued by companies with strong market positions, consistent cash flow, and stable management. Its main objective is to deliver a high level of total return while preserving capital through active credit research and management. The fund employs a bottom-up selection process, targeting issuers with a near-term catalyst for potential outperformance and identifies emerging 'rising stars'—corporates poised for upgrade to investment grade. While at least 80% of the portfolio is allocated to investment-grade corporates, the fund retains flexibility by investing up to 20% in below investment-grade securities and select emerging market debt, optimizing for risk and opportunity across sectors and maturities. Its effective duration is moderately long, reflecting exposure to a full maturity spectrum. Intended as a core fixed-income allocation, the fund distributes income monthly and is managed by an experienced team employing forward-looking analysis. Payden Corporate Bond Fund plays a prominent role in the U.S. credit market by offering access to high-quality credits while actively managing credit and interest rate risk through rigorous in-house research and diversification.
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