Payden Core Bond Fund (PYCBX)
The fund invests in a wide variety of debt instruments and income-producing securities payable primarily in U.S. dollars. It invests at least 75% of its total assets in investment grade debt securities, but may invest up to 25% of its total assets in debt securities rated below investment grade. The overall average credit quality of the fund will remain investment grade.
Fund Info
| ISIN | US7043294088 |
|---|---|
| CUSIP | 704329408 |
| Issuer | Paydenfunds |
| Inception Date | Dec 31, 1993 |
| Category | Intermediate Core-Plus Bond |
| Min. Investment | $5,000 |
| Asset Class | Bond |
Expense Ratio
PYCBX features an expense ratio of 0.53%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Payden Core Bond 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 Core Bond Fund had a return of 5.97% year-to-date (YTD) and 11.89% in the last 12 months. Over the past 10 years, Payden Core Bond Fund had an annualized return of 2.19%, while the S&P 500 had an annualized return of 10.85%, indicating that Payden Core Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.97% | 17.79% |
| 1 month | 1.81% | 0.18% |
| 6 months | 6.91% | 7.53% |
| 1 year | 11.89% | 26.42% |
| 5 years (annualized) | 0.80% | 13.48% |
| 10 years (annualized) | 2.19% | 10.85% |
Monthly Returns
The table below presents the monthly returns of PYCBX, 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 | -0.11% | -1.21% | 1.04% | -2.57% | 1.99% | 0.91% | 2.54% | 1.61% | 5.97% | ||||
| 2023 | 3.61% | -2.29% | 1.97% | 0.62% | -0.98% | -0.12% | 0.10% | -0.63% | -2.67% | -1.67% | 4.80% | 3.99% | 6.57% |
| 2022 | -1.75% | -1.98% | -2.00% | -3.73% | -0.05% | -2.03% | 2.37% | -2.23% | -4.65% | -1.48% | 3.72% | -0.36% | -13.55% |
| 2021 | -0.54% | -1.55% | -1.02% | 0.96% | 0.39% | 0.87% | 0.91% | -0.08% | -0.64% | -0.19% | 0.10% | -0.20% | -1.00% |
| 2020 | 1.99% | 1.30% | -5.04% | 2.51% | 1.14% | 1.67% | 2.11% | -0.40% | -0.15% | -0.24% | 1.52% | 0.55% | 6.93% |
| 2019 | 1.51% | 0.12% | 1.83% | 0.27% | 1.41% | 1.49% | 0.35% | 2.21% | -0.49% | 0.24% | -0.04% | 0.05% | 9.27% |
| 2018 | -0.51% | -0.98% | 0.36% | -0.69% | 0.46% | -0.32% | 0.12% | 0.61% | -0.41% | -0.89% | 0.10% | 0.90% | -1.26% |
| 2017 | 0.45% | 0.82% | 0.18% | 0.83% | 0.92% | 0.07% | 0.55% | 0.72% | -0.12% | 0.34% | -0.11% | 0.48% | 5.25% |
| 2016 | 0.84% | -0.04% | 1.39% | 0.78% | 0.13% | 1.37% | 1.24% | 0.14% | 0.14% | -0.52% | -2.24% | 0.41% | 3.66% |
| 2015 | 1.79% | -0.44% | 0.48% | -0.25% | 0.01% | -1.17% | 0.71% | -0.34% | 0.23% | 0.33% | -0.15% | -0.35% | 0.82% |
| 2014 | 1.37% | 0.80% | 0.15% | 0.81% | 1.47% | -0.11% | -0.02% | 1.10% | -0.66% | 0.72% | 0.49% | -0.10% | 6.17% |
| 2013 | -0.45% | 0.46% | 0.14% | 1.27% | -1.74% | -2.54% | 0.34% | -0.88% | 1.11% | 1.30% | -0.28% | -0.10% | -1.45% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PYCBX is 45, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Payden Core Bond Fund (PYCBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Payden Core Bond Fund granted a 4.28% dividend yield in the last twelve months. The annual payout for that period amounted to $0.41 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.35 | $0.29 | $0.26 | $0.44 | $0.33 | $0.33 | $0.34 | $0.40 | $0.30 | $0.40 | $0.44 |
Dividend yield | 4.28% | 3.76% | 3.21% | 2.39% | 3.96% | 3.04% | 3.26% | 3.13% | 3.85% | 2.84% | 3.74% | 4.20% |
Monthly Dividends
The table displays the monthly dividend distributions for Payden Core 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.05 | $0.00 | $0.29 | |||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.29 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.26 |
| 2020 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.19 | $0.44 |
| 2019 | $0.01 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.13 | $0.40 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.30 |
| 2014 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.01 | $0.12 | $0.40 |
| 2013 | $0.03 | $0.05 | $0.04 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.12 | $0.44 |
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 Core 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 Core Bond Fund was 18.59%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Payden Core Bond Fund drawdown is 3.70%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.59% | Sep 23, 2021 | 274 | Oct 24, 2022 | — | — | — |
| -9.36% | Mar 9, 2020 | 9 | Mar 19, 2020 | 85 | Jul 21, 2020 | 94 |
| -8.71% | Jan 24, 2008 | 196 | Oct 31, 2008 | 120 | Apr 27, 2009 | 316 |
| -6.38% | Feb 14, 1996 | 58 | May 3, 1996 | 127 | Oct 29, 1996 | 185 |
| -6.14% | Oct 6, 1998 | 221 | Aug 10, 1999 | 265 | Aug 23, 2000 | 486 |
Volatility
Volatility Chart
The current Payden Core Bond Fund volatility is 1.16%, 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.