Payden/Kravitz Cash Balance Plan Fund (PKBIX)

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Payden/Kravitz Cash Balance Plan Fund (PKBIX) is up 1.5% since the beginning of the year. PKBIX is currently trading at $10 per share. Investors who bought $1,000 worth of PKBIX shares 5 years ago would now be looking at an investment worth $1,210.

Payden/Kravitz Cash Balance Plan Fund (PKBIX) has returned 1.51% so far this year and 5.43% over the past 12 months. Over the last ten years, PKBIX has returned 3.59% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Sep 24, 2008, PKBIX's average daily return is +0.01%, while the average monthly return is +0.26%. At this rate, an investment would double in approximately 22.2 years.

Historically, 74% of months were positive and 26% were negative. The best month was Apr 2020 with a return of +3.6%, while the worst month was Mar 2020 at -13.3%. The longest winning streak lasted 32 consecutive months, and the longest losing streak was 6 months.

On a daily basis, PKBIX closed higher 33% of trading days. The best single day was Mar 26, 2020 with a return of +3.0%, while the worst single day was Mar 19, 2020 at -4.2%.

Payden/Kravitz Cash Balance Plan Fund has an annualized alpha of 2.68%, beta of 0.03, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since September 24, 2008.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (14.21%) than losses (11.46%) - typical of diversified or defensive assets.
• Beta of 0.03 may look defensive, but with R2 of 0.05 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.05 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PKBIX has a high expense ratio of 1.25%, indicating above-average management fees.

PKBIX ranks 82 for risk / return — in the top 82% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Payden/Kravitz Cash Balance Plan Fund provided a 8.13% dividend yield over the last twelve months, with an annual payout of $0.82 per share. The fund has been increasing its distributions for 3 consecutive years.

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.

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.

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.

The current Payden/Kravitz Cash Balance Plan Fund drawdown is 0.20%.

The chart below shows the rolling one-month volatility.