PYGFX

About PYGFX

The Payden Global Fixed Income Fund is a mutual fund specializing in global bond investments. Its primary function is to provide broad diversification across global fixed income markets by investing in bonds of all maturities issued by governments, agencies, and corporations worldwide. Notably, up to 35% of the fund's assets may be allocated to bonds rated below investment grade, offering exposure to a spectrum of credit qualities. The fund maintains a global perspective, selecting securities from major industrialized countries and those with strong economic ties to these regions. A defining feature is that most currency exposure is hedged back to the U.S. dollar, aiming to reduce the impact of currency volatility on returns. Managed by an experienced team with decades in the industry, the fund targets investors seeking global diversification, moderate credit risk, and potential income. With a history dating back to 1992, it has established a role as a core global fixed income option benchmarked against the Bloomberg Global Aggregate Index (USD Hedged) and is structured to appeal to investors with longer time horizons looking to enhance their portfolios with international bond exposure.