Payden Global Low Duration Fund (PYGSX)
The fund invests 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
US7043296976
704329697
Sep 17, 1996
$5,000
Expense Ratio
PYGSX features an expense ratio of 0.53%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Payden Global Low Duration 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 Low Duration Fund had a return of 0.70% year-to-date (YTD) and 5.66% in the last 12 months. Over the past 10 years, Payden Global Low Duration Fund had an annualized return of 1.94%, while the S&P 500 had an annualized return of 11.31%, indicating that Payden Global Low Duration Fund did not perform as well as the benchmark.
PYGSX
0.70%
0.60%
1.75%
5.66%
1.96%
1.94%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PYGSX, 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 | 0.50% | 0.70% | |||||||||||
| 2024 | 0.57% | -0.20% | 0.47% | -0.24% | 0.80% | 0.70% | 1.13% | 0.93% | 0.80% | -0.43% | 0.36% | 0.20% | 5.19% |
| 2023 | 1.12% | -0.59% | 1.14% | 0.50% | -0.22% | -0.31% | 0.53% | 0.45% | -0.04% | 0.26% | 1.31% | 1.31% | 5.60% |
| 2022 | -0.51% | -0.80% | -0.90% | -0.47% | 0.12% | -0.66% | 0.58% | -0.61% | -1.14% | -0.09% | 0.68% | 0.38% | -3.38% |
| 2021 | 0.21% | 0.12% | -0.03% | 0.20% | 0.19% | -0.11% | 0.10% | 0.01% | 0.07% | -0.42% | -0.10% | -0.61% | -0.38% |
| 2020 | 0.62% | 0.58% | -4.15% | 1.86% | 1.15% | 1.17% | 0.62% | 0.32% | 0.02% | 0.22% | 0.51% | 0.32% | 3.14% |
| 2019 | 0.85% | 0.32% | 0.76% | 0.34% | 0.63% | 0.55% | 0.02% | 0.64% | -0.07% | 0.31% | 0.13% | 0.20% | 4.78% |
| 2018 | 0.08% | -0.23% | -0.01% | -0.01% | 0.10% | -0.10% | 0.30% | 0.13% | 0.21% | -0.07% | -0.06% | 0.24% | 0.59% |
| 2017 | 0.20% | 0.30% | 0.10% | 0.25% | 0.25% | 0.15% | 0.36% | 0.06% | 0.14% | 0.06% | -0.13% | 0.15% | 1.90% |
| 2016 | 0.30% | -0.20% | 0.50% | 0.30% | 0.20% | 0.20% | 0.30% | 0.10% | 0.10% | 0.10% | -0.33% | 0.12% | 1.70% |
| 2015 | 0.50% | 0.10% | 0.20% | 0.10% | 0.20% | -0.10% | -0.10% | -0.30% | -0.10% | 0.10% | -0.10% | -0.20% | 0.29% |
| 2014 | 0.40% | 0.20% | 0.12% | 0.20% | 0.20% | 0.10% | -0.10% | 0.20% | -0.20% | 0.20% | 0.00% | -0.28% | 1.03% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, PYGSX is among the top 4% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Payden Global Low Duration Fund (PYGSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Payden Global Low Duration Fund provided a 4.66% dividend yield over the last twelve months, with an annual payout of $0.45 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.45 | $0.45 | $0.37 | $0.20 | $0.11 | $0.18 | $0.28 | $0.25 | $0.17 | $0.12 | $0.12 | $0.12 |
Dividend yield | 4.66% | 4.65% | 3.84% | 2.13% | 1.12% | 1.77% | 2.75% | 2.52% | 1.68% | 1.19% | 1.20% | 1.23% |
Monthly Dividends
The table displays the monthly dividend distributions for Payden Global Low Duration 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 | $0.00 | $0.04 | ||||||||||
| 2024 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.45 |
| 2023 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.37 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.20 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.18 |
| 2019 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $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 | $0.12 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 |
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 Low Duration 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 Low Duration Fund was 7.29%, occurring on Mar 24, 2020. Recovery took 84 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -7.29% | Mar 6, 2020 | 13 | Mar 24, 2020 | 84 | Jul 23, 2020 | 97 |
| -5.9% | Sep 16, 2021 | 287 | Nov 3, 2022 | 278 | Dec 13, 2023 | 565 |
| -5.35% | Jan 7, 2008 | 222 | Nov 20, 2008 | 131 | Jun 2, 2009 | 353 |
| -2.82% | Jul 27, 2011 | 50 | Oct 5, 2011 | 89 | Feb 13, 2012 | 139 |
| -2.18% | Mar 26, 2004 | 31 | May 10, 2004 | 91 | Sep 20, 2004 | 122 |
Volatility
Volatility Chart
The current Payden Global Low Duration Fund volatility is 0.40%, 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.