Payden Global Fixed Income Fund (PYGFX)
The fund invests at least 80% of its total assets in a wide variety of debt instruments and income-producing securities. The fund invests at least 65% of its total assets in investment grade debt securities. However, the fund may invest up to 35% 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 | US7043291019 |
|---|---|
| CUSIP | 704329101 |
| Issuer | Paydenfunds |
| Inception Date | Aug 31, 1992 |
| Category | Global Bonds |
| Min. Investment | $5,000 |
| Asset Class | Bond |
Expense Ratio
PYGFX features an expense ratio of 0.70%, 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 Global Fixed Income 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 Global Fixed Income Fund had a return of 4.99% year-to-date (YTD) and 10.44% in the last 12 months. Over the past 10 years, Payden Global Fixed Income Fund had an annualized return of 2.27%, while the S&P 500 had an annualized return of 10.85%, indicating that Payden Global Fixed Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.99% | 17.79% |
| 1 month | 1.68% | 0.18% |
| 6 months | 5.68% | 7.53% |
| 1 year | 10.44% | 26.42% |
| 5 years (annualized) | 0.73% | 13.48% |
| 10 years (annualized) | 2.27% | 10.85% |
Monthly Returns
The table below presents the monthly returns of PYGFX, 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 | -0.20% | -0.71% | 0.92% | -1.73% | 1.14% | 0.89% | 1.90% | 1.17% | 4.99% | ||||
| 2023 | 2.53% | -1.55% | 1.99% | 0.47% | -0.42% | -0.05% | 0.22% | -0.14% | -2.05% | -0.83% | 3.79% | 3.35% | 7.34% |
| 2022 | -1.45% | -2.04% | -1.49% | -2.68% | -0.94% | -2.30% | 2.41% | -1.92% | -3.71% | -0.47% | 2.55% | -0.91% | -12.37% |
| 2021 | -0.43% | -1.52% | -0.13% | 0.44% | 0.22% | 0.58% | 0.94% | 0.00% | -0.76% | -0.53% | 0.54% | -0.22% | -0.89% |
| 2020 | 1.92% | 0.68% | -6.09% | 3.12% | 1.46% | 1.36% | 1.77% | -0.30% | 0.22% | 0.13% | 1.07% | 0.73% | 5.92% |
| 2019 | 1.51% | 0.34% | 1.80% | 0.48% | 0.96% | 1.62% | 0.70% | 1.78% | -0.41% | -0.30% | -0.09% | -0.06% | 8.61% |
| 2018 | 0.17% | -0.63% | 0.38% | -0.63% | 0.04% | -0.18% | 0.38% | 0.06% | -0.18% | -0.40% | -0.05% | 0.77% | -0.26% |
| 2017 | -0.33% | 1.13% | -0.11% | 0.73% | 0.73% | -0.18% | 0.49% | 0.71% | -0.19% | 0.48% | 0.16% | 0.44% | 4.11% |
| 2016 | 0.83% | 0.15% | 1.03% | 0.46% | 0.56% | 1.68% | 0.77% | 0.11% | 0.00% | -0.95% | -1.47% | 0.50% | 3.69% |
| 2015 | 1.80% | 0.00% | 0.67% | -0.55% | -0.11% | -1.22% | 1.02% | -0.78% | 0.11% | 0.62% | 0.23% | -0.26% | 1.49% |
| 2014 | 0.94% | 0.94% | 0.47% | 0.58% | 1.04% | 0.00% | 0.57% | 1.26% | -0.11% | 0.57% | 0.60% | 0.14% | 7.21% |
| 2013 | -0.40% | 0.34% | 0.57% | 1.48% | -1.80% | -2.86% | 0.71% | -1.06% | 0.60% | 1.54% | -0.12% | -0.09% | -1.17% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PYGFX is 70, 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 Global Fixed Income Fund (PYGFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Payden Global Fixed Income Fund granted a 3.30% dividend yield in the last twelve months. The annual payout for that period amounted to $0.26 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.26 | $0.21 | $0.60 | $0.29 | $0.25 | $0.28 | $0.47 | $0.17 | $0.13 | $0.26 | $0.21 | $0.24 |
Dividend yield | 3.30% | 2.71% | 8.25% | 3.18% | 2.69% | 3.07% | 5.39% | 1.91% | 1.48% | 3.00% | 2.31% | 2.80% |
Monthly Dividends
The table displays the monthly dividend distributions for Payden Global Fixed Income 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 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.04 | $0.00 | $0.18 | |||
| 2023 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.47 | $0.60 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.18 | $0.29 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 | $0.25 |
| 2019 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 | $0.28 |
| 2018 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.31 | $0.47 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.17 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.12 | $0.26 |
| 2014 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.21 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
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 Global Fixed Income 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 Global Fixed Income Fund was 15.94%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current Payden Global Fixed Income Fund drawdown is 2.41%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.94% | Aug 6, 2021 | 306 | Oct 21, 2022 | — | — | — |
| -9.38% | Mar 9, 2020 | 12 | Mar 24, 2020 | 83 | Jul 22, 2020 | 95 |
| -6.38% | May 10, 2013 | 31 | Jun 24, 2013 | 225 | May 15, 2014 | 256 |
| -6.24% | Dec 11, 1998 | 172 | Aug 9, 1999 | 247 | Jul 27, 2000 | 419 |
| -5.16% | Mar 18, 2008 | 146 | Oct 14, 2008 | 46 | Dec 18, 2008 | 192 |
Volatility
Volatility Chart
The current Payden Global Fixed Income Fund volatility is 0.74%, 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.