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
ISIN | US70432R2004 |
---|---|
CUSIP | 70432R200 |
Issuer | Paydenfunds |
Inception Date | Sep 21, 2008 |
Category | Multisector Bonds |
Min. Investment | $25,000 |
Asset Class | Bond |
Expense Ratio
PKBIX has a high expense ratio of 1.25%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Payden/Kravitz Cash Balance Plan Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Payden/Kravitz Cash Balance Plan Fund had a return of 5.94% year-to-date (YTD) and 8.13% in the last 12 months. Over the past 10 years, Payden/Kravitz Cash Balance Plan Fund had an annualized return of 2.65%, while the S&P 500 had an annualized return of 10.85%, indicating that Payden/Kravitz Cash Balance Plan Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 5.94% | 17.79% |
1 month | 0.48% | 0.18% |
6 months | 3.44% | 7.53% |
1 year | 8.13% | 26.42% |
5 years (annualized) | 2.93% | 13.48% |
10 years (annualized) | 2.65% | 10.85% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.91% | 0.90% | 0.69% | 0.39% | 0.98% | 0.48% | 0.87% | 0.38% | 5.94% | ||||
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% | 0.28% | 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 | 1.48% | 0.77% | 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% | 0.76% | 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% | -0.78% | 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% | 0.94% |
2013 | 0.28% | -0.09% | 0.09% | 0.46% | -0.73% | -2.58% | -0.00% | -0.38% | 0.29% | 0.85% | 0.28% | 0.49% | -1.08% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PKBIX is 99, placing it in the top 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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.
Dividends
Dividend History
Payden/Kravitz Cash Balance Plan Fund granted a 5.24% dividend yield in the last twelve months. The annual payout for that period amounted to $0.55 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.55 | $0.55 | $0.19 | $0.23 | $0.37 | $0.35 | $0.33 | $0.26 | $0.18 | $0.20 | $0.18 | $0.28 |
Dividend yield | 5.24% | 5.55% | 1.94% | 2.18% | 3.57% | 3.32% | 3.27% | 2.50% | 1.70% | 2.00% | 1.72% | 2.70% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
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 | $0.20 | $0.20 |
2014 | $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 |
2013 | $0.28 | $0.28 |
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.
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 187 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-19.17% | Mar 5, 2020 | 14 | Mar 24, 2020 | 187 | Dec 17, 2020 | 201 |
-7.05% | Jan 5, 2022 | 200 | Oct 20, 2022 | 256 | Oct 27, 2023 | 456 |
-4.34% | Jul 27, 2011 | 49 | Oct 4, 2011 | 145 | May 2, 2012 | 194 |
-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 current Payden/Kravitz Cash Balance Plan Fund volatility is 0.43%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.