Payden Equity Income Fund Adviser Class is a mutual fund designed to provide current income while participating in the equity markets. The fund primarily invests in large-capitalization common stocks known for above-average dividend yields, and also allocates assets to income-producing securities such as preferred stocks, master limited partnerships (MLPs), and real estate investment trusts (REITs). By focusing on companies with strong fundamentals and anticipated earnings and dividend growth, the fund aims to offer investors lower volatility and improved risk-adjusted returns compared to the broader market. With a value-oriented approach, it seeks to appeal to conservative equity investors who desire both income and moderate exposure to equities across diverse sectors. The Payden Equity Income Fund Adviser Class benchmarks itself against the Russell 1000 Value Index and is structured to accommodate both regular and retirement accounts with competitive expense ratios and accessible minimum investment requirements. Its role in the market is to serve as a core holding for investors prioritizing steady income and capital preservation through disciplined equity selection and diversification among various income-generating asset types.
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