PYSCX

About PYSCX

Payden Securitized Income Fund SI is an open‑end mutual fund focused on securitized fixed income, aiming for a high level of total return alongside current income while emphasizing capital preservation. According to the sponsor, the fund targets opportunities across securitized markets, including mortgage‑backed and asset‑backed securities, to capture diversified sources of yield and spread premium relative to traditional core bonds. Morningstar and other listings describe its mandate as balancing income generation with risk controls suitable for a full market cycle, reflecting the structured‑credit orientation of its portfolio construction. The fund’s role in the market is to provide investors with dedicated exposure to securitized assets—such as residential and commercial mortgage pools and consumer or collateralized receivables—offering potential diversification benefits versus broad aggregate bond benchmarks and corporate‑heavy strategies. By specializing in instruments whose cash flows are backed by pools of loans, the fund seeks to harness structural features like tranching and credit enhancement while managing prepayment, duration, and credit risks inherent to securitized products over time.