PYGSX

About PYGSX

Payden Global Low Duration Fund is an actively managed mutual fund focused on short‑maturity, globally diversified fixed income. Its primary objective is to broaden the investment universe beyond U.S. markets while maintaining lower interest‑rate sensitivity typical of a low‑duration profile. The portfolio invests across government securities, investment‑grade and high‑yield corporate bonds, and mortgage‑ and asset‑backed securities issued by U.S. and foreign borrowers, incorporating multiple currencies where appropriate. The fund targets a shorter effective duration—around two years—which helps dampen volatility relative to intermediate‑term bond strategies. It pays monthly dividends and carries a no‑load structure with stated net expenses of 0.53% for its investor class. Benchmarked to the ICE BofA 1‑3 Year U.S. Corporate & Government Index, the strategy emphasizes capital preservation and total return through active sector allocation, security selection, and global diversification. Established in 1996, the fund’s mandate positions it as a short‑term global bond option for investors seeking exposure to sovereign, corporate, and securitized debt across developed and select emerging markets while limiting duration risk.