PYAYX

About PYAYX

The Payden Corporate Bond Fund Adviser Class is an open-ended mutual fund focused on investment-grade corporate bonds. Its primary purpose is to provide investors with exposure to a diverse portfolio of high-quality corporate debt from issuers with strong market positions, stable management, robust cash flows, and predictable earnings. The fund is actively managed, leveraging in-depth, forward-looking credit analysis to identify attractive opportunities across sectors and maturities, including early recognition of potential "rising stars"—companies likely to be upgraded to investment grade. While the fund principally invests in investment-grade securities, up to 20% of assets may be allocated to below investment-grade or emerging-market debt, allowing for tactical flexibility. It pays dividends monthly and targets a risk-return profile similar to the broader U.S. corporate bond market, with an average portfolio credit quality around BBB. The fund serves as a core fixed-income holding for investors seeking dedicated exposure to corporate credit through a research-driven approach and broad sector diversification.