PYGIX

About PYGIX

The Payden Global Fixed Income Fund SI Class is an institutional share class of a global bond mutual fund managed by Payden & Rygel. Its primary function is to offer global diversification through investments in bonds of varying maturities issued by governments, agencies, and corporations across the world. The fund can allocate up to 35% of its assets to securities rated below investment grade, with most currency exposures hedged back to the U.S. dollar, reducing volatility from foreign exchange movements. This vehicle is designed for investors seeking to balance risk and return with a longer-term horizon and to access sovereign and corporate debt in both developed and select emerging markets. Notable features include a sizable minimum investment, a relatively low expense ratio compared to peers, and a strategy that covers a wide range of issuers and sectors. The fund’s role in the financial market is to provide institutional investors exposure to global fixed income opportunities, helping diversify portfolios against domestic interest rate and credit risk, and serving as a hedge or complement to domestic bond holdings.