Payden/Kravitz Cash Balance Plan Fund (PKBIX)
The fund is designed as an investment vehicle for cash balance pension plans. It seeks to earn a total return, net of fees and expenses, that is equivalent to the interest crediting rate established by the Internal Revenue Service for cash balance pension plans using the 30-year U.S. Treasury Bond Yield. The fund seeks to earn this rate each calendar year. It invests at least 80% of its total assets in a wide variety of debt instruments and income-producing securities.
Fund Info
US70432R2004
70432R200
Sep 21, 2008
$25,000
Expense Ratio
PKBIX has a high expense ratio of 1.25%, indicating above-average management fees.
Share Price Chart
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Performance
Performance Chart
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Returns By Period
Payden/Kravitz Cash Balance Plan Fund (PKBIX) returned 1.89% year-to-date (YTD) and 6.23% over the past 12 months. Over the past 10 years, PKBIX returned 3.01% annually, underperforming the S&P 500 benchmark at 10.68%.
PKBIX
1.89%
0.49%
2.74%
6.23%
5.67%
5.16%
3.01%
^GSPC (Benchmark)
-1.34%
5.02%
-3.08%
9.39%
13.76%
14.45%
10.68%
Monthly Returns
The table below presents the monthly returns of PKBIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.70% | 0.40% | 0.30% | 0.39% | 0.10% | 1.89% | |||||||
| 2024 | 0.90% | 0.90% | 0.69% | 0.39% | 0.98% | 0.48% | 0.87% | 0.38% | 0.67% | 0.38% | 0.47% | 0.74% | 8.14% |
| 2023 | 2.43% | -0.59% | 0.30% | 0.89% | -0.69% | -0.00% | 1.19% | 0.29% | 0.19% | 0.10% | 1.46% | 0.51% | 6.21% |
| 2022 | -0.76% | -1.54% | -0.10% | -0.78% | -0.99% | -2.49% | 1.84% | 0.20% | -2.40% | 0.82% | 2.13% | 0.22% | -3.89% |
| 2021 | 0.78% | 0.39% | 0.29% | 1.05% | 0.29% | 0.28% | 0.09% | 0.56% | 0.00% | 0.09% | -0.65% | 0.74% | 3.97% |
| 2020 | 1.05% | -0.28% | -13.27% | 3.61% | 3.59% | 3.56% | 0.79% | 0.78% | 0.19% | 0.39% | 1.73% | 0.93% | 1.89% |
| 2019 | 1.47% | 0.78% | 0.58% | 0.86% | 0.28% | 1.04% | 0.19% | 0.37% | -0.00% | 0.28% | 0.09% | 0.25% | 6.36% |
| 2018 | 0.10% | 0.10% | -0.19% | 0.19% | 0.29% | -0.10% | 0.77% | 0.47% | 0.19% | -0.28% | 0.09% | -0.83% | 0.79% |
| 2017 | 0.48% | 0.38% | 0.10% | 0.29% | 0.48% | 0.09% | 0.38% | 0.38% | 0.09% | 0.19% | -0.00% | 0.28% | 3.19% |
| 2016 | -0.49% | -0.79% | 0.99% | 0.88% | 0.19% | 0.58% | 1.06% | 0.19% | 0.19% | -0.00% | -0.47% | 0.34% | 2.69% |
| 2015 | 0.19% | 0.77% | 0.09% | 0.10% | 0.29% | -0.28% | 0.09% | -0.09% | -0.19% | 0.00% | -0.00% | -0.24% | 0.72% |
| 2014 | 0.48% | 0.38% | 0.19% | 0.38% | 0.66% | -0.28% | -0.00% | 0.09% | -0.28% | 0.00% | -0.19% | -0.48% | 0.95% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 98, PKBIX is among the top 2% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Payden/Kravitz Cash Balance Plan Fund (PKBIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Payden/Kravitz Cash Balance Plan Fund provided a 6.82% dividend yield over the last twelve months, with an annual payout of $0.70 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.70 | $0.70 | $0.55 | $0.19 | $0.23 | $0.37 | $0.35 | $0.33 | $0.26 | $0.18 | $0.21 | $0.18 |
Dividend yield | 6.82% | 6.95% | 5.55% | 1.94% | 2.19% | 3.57% | 3.31% | 3.26% | 2.50% | 1.70% | 2.00% | 1.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Payden/Kravitz Cash Balance Plan Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 | $0.70 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.55 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.23 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2014 | $0.18 | $0.18 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Payden/Kravitz Cash Balance Plan Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Payden/Kravitz Cash Balance Plan Fund was 19.17%, occurring on Mar 24, 2020. Recovery took 186 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.17% | Mar 5, 2020 | 14 | Mar 24, 2020 | 186 | Dec 16, 2020 | 200 |
| -7.05% | Jan 5, 2022 | 186 | Sep 30, 2022 | 270 | Oct 27, 2023 | 456 |
| -4.34% | May 20, 2011 | 95 | Oct 4, 2011 | 145 | May 2, 2012 | 240 |
| -4.19% | May 22, 2013 | 83 | Sep 18, 2013 | 401 | Apr 23, 2015 | 484 |
| -2.74% | Aug 25, 2015 | 119 | Feb 12, 2016 | 77 | Jun 3, 2016 | 196 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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