PYARX

About PYARX

Payden Absolute Return Bond Fund Investor Class is an actively managed mutual fund focused on delivering total return through a flexible, multi‑sector fixed income approach. The fund targets **positive absolute returns over the long term** across market environments by combining income and price appreciation, with an emphasis on **risk management** to mitigate downside. It invests across global government, corporate, securitized, and emerging‑market debt, and may use derivatives and currency strategies to adjust exposures and enhance diversification. The portfolio is structured with **relatively low interest rate sensitivity**, aligning it with the **nontraditional bond** category and aiming for reduced correlation to traditional asset classes. Benchmarked to **1‑month Treasury bill indices**, the strategy positions the fund as a core absolute‑return fixed income allocation rather than a vehicle to outpace broad equity or bond rallies. Established in 2014, it features monthly distributions and a management process that assesses opportunities both inside and outside the United States, seeking consistent, risk‑aware returns within a diversified bond framework.