Payden Corporate Bond Fund (PYACX)
The fund invests in a wide variety of debt instruments and income-producing securities. Under normal market conditions, the fund invests at least 80% of its total assets in corporate bonds or similar corporate debt instruments. In addition, in order to gain exposure to corporate debt markets, the fund may use derivatives to a significant extent, including in particular, credit default swaps with respect to individual corporate names and with respect to various credit indices.
Fund Info
US7043293668
704329366
Mar 12, 2009
$5,000
Expense Ratio
PYACX has an expense ratio of 0.65%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Payden Corporate Bond Fund (PYACX) returned 0.72% year-to-date (YTD) and 4.68% over the past 12 months. Over the past 10 years, PYACX returned 2.00% annually, underperforming the S&P 500 benchmark at 10.77%.
PYACX
0.72%
1.58%
0.17%
4.68%
0.02%
2.00%
^GSPC (Benchmark)
0.08%
9.75%
-1.63%
12.74%
15.66%
10.77%
Monthly Returns
The table below presents the monthly returns of PYACX, 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 | 0.69% | 2.01% | -0.52% | -0.72% | -0.72% | 0.72% | |||||||
| 2024 | 0.14% | -1.31% | 1.31% | -2.31% | 1.88% | 0.70% | 2.29% | 1.72% | 1.58% | -2.30% | 1.40% | -1.83% | 3.16% |
| 2023 | 4.15% | -2.89% | 2.46% | 0.74% | -1.52% | 0.44% | 0.43% | -0.69% | -2.74% | -1.91% | 5.95% | 4.28% | 8.54% |
| 2022 | -3.14% | -2.83% | -1.70% | -5.30% | 0.66% | -3.21% | 3.13% | -2.92% | -4.97% | -0.99% | 4.48% | -0.43% | -16.34% |
| 2021 | -1.17% | -1.87% | -1.13% | 1.28% | 0.64% | 1.83% | 1.39% | -0.11% | -1.11% | 0.23% | 0.05% | -2.35% | -2.41% |
| 2020 | 2.56% | 1.31% | -8.90% | 5.08% | 1.36% | 2.62% | 3.22% | -1.09% | -0.21% | -0.31% | 2.68% | -0.59% | 7.27% |
| 2019 | 2.41% | 0.46% | 2.54% | 0.72% | 1.38% | 2.24% | 0.45% | 3.15% | -0.75% | 0.52% | 0.26% | 0.18% | 14.34% |
| 2018 | -0.23% | -1.76% | -0.14% | -0.61% | 0.32% | -0.53% | 0.97% | 0.73% | -0.57% | -1.55% | -0.63% | 0.95% | -3.05% |
| 2017 | 0.86% | 1.18% | 0.12% | 1.14% | 1.37% | 0.18% | 0.98% | 0.63% | 0.35% | 0.65% | -0.13% | 0.27% | 7.85% |
| 2016 | 0.77% | -0.10% | 2.44% | 1.33% | 0.18% | 2.17% | 1.74% | 0.44% | 0.01% | -0.54% | -2.67% | -1.24% | 4.49% |
| 2015 | 2.65% | -0.67% | 0.62% | -0.71% | -0.19% | -1.37% | 0.76% | -0.38% | 0.43% | 0.54% | -0.06% | -1.64% | -0.09% |
| 2014 | 1.67% | 1.74% | 0.39% | 1.37% | 1.81% | 0.47% | -0.22% | 1.72% | -1.43% | 0.73% | 0.69% | -2.75% | 6.23% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PYACX is 63, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Payden Corporate Bond Fund (PYACX) 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 Corporate Bond Fund provided a 4.72% dividend yield over the last twelve months, with an annual payout of $0.46 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 | $0.46 | $0.44 | $0.38 | $0.32 | $0.34 | $0.32 | $0.38 | $0.39 | $0.37 | $0.36 | $0.34 | $0.39 |
Dividend yield | 4.72% | 4.58% | 3.89% | 3.35% | 2.91% | 2.60% | 3.26% | 3.65% | 3.29% | 3.27% | 3.12% | 3.55% |
Monthly Dividends
The table displays the monthly dividend distributions for Payden Corporate Bond 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 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.15 | |||||||
| 2024 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.38 |
| 2022 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.34 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.32 |
| 2019 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2017 | $0.02 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.37 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.36 |
| 2015 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.34 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.39 |
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 Corporate Bond 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 Corporate Bond Fund was 23.92%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current Payden Corporate Bond Fund drawdown is 9.17%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.92% | Sep 23, 2021 | 273 | Oct 21, 2022 | — | — | — |
| -15.06% | Mar 9, 2020 | 10 | Mar 20, 2020 | 84 | Jul 21, 2020 | 94 |
| -7.45% | Nov 5, 2010 | 36 | Dec 28, 2010 | 376 | Jun 25, 2012 | 412 |
| -7.25% | May 3, 2013 | 87 | Sep 5, 2013 | 150 | Apr 10, 2014 | 237 |
| -5.54% | Dec 23, 2020 | 58 | Mar 18, 2021 | 84 | Jul 19, 2021 | 142 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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