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 has an expense ratio of 0.53%, 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 Global Low Duration Fund (PYGSX) returned 2.08% year-to-date (YTD) and 6.06% over the past 12 months. Over the past 10 years, PYGSX returned 2.07% annually, underperforming the S&P 500 benchmark at 10.84%.
PYGSX
2.08%
-0.10%
2.38%
6.06%
3.94%
2.52%
2.07%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
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% | 0.78% | 0.39% | 0.60% | -0.21% | 2.08% | |||||||
| 2024 | 0.58% | -0.19% | 0.47% | -0.24% | 0.79% | 0.70% | 1.12% | 0.93% | 0.80% | -0.43% | 0.36% | 0.19% | 5.18% |
| 2023 | 1.12% | -0.58% | 1.14% | 0.51% | -0.22% | -0.30% | 0.53% | 0.46% | -0.04% | 0.27% | 1.31% | 1.31% | 5.61% |
| 2022 | -0.51% | -0.80% | -0.90% | -0.48% | 0.13% | -0.66% | 0.59% | -0.61% | -1.14% | -0.09% | 0.68% | 0.38% | -3.38% |
| 2021 | 0.21% | 0.12% | -0.03% | 0.20% | 0.18% | -0.10% | 0.10% | 0.01% | 0.07% | -0.42% | -0.10% | -0.06% | 0.17% |
| 2020 | 0.62% | 0.58% | -4.16% | 1.86% | 1.15% | 1.17% | 0.61% | 0.32% | 0.02% | 0.21% | 0.51% | 0.32% | 3.14% |
| 2019 | 0.85% | 0.32% | 0.75% | 0.34% | 0.63% | 0.55% | 0.02% | 0.64% | -0.07% | 0.31% | 0.12% | 0.20% | 4.77% |
| 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% | 0.58% |
| 2017 | 0.20% | 0.30% | 0.10% | 0.25% | 0.25% | 0.15% | 0.36% | 0.06% | 0.14% | 0.05% | -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 98, PYGSX is among the top 2% 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.
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Dividends
Dividend History
Payden Global Low Duration Fund provided a 4.76% dividend yield over the last twelve months, with an annual payout of $0.46 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 | $0.46 | $0.45 | $0.37 | $0.20 | $0.17 | $0.18 | $0.28 | $0.25 | $0.17 | $0.12 | $0.12 | $0.12 |
Dividend yield | 4.76% | 4.65% | 3.84% | 2.13% | 1.67% | 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 | $0.04 | $0.04 | $0.04 | $0.00 | $0.15 | |||||||
| 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 | $0.06 | $0.17 |
| 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.
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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.
The current Payden Global Low Duration Fund drawdown is 0.21%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -7.29% | Mar 6, 2020 | 13 | Mar 24, 2020 | 84 | Jul 23, 2020 | 97 |
| -5.38% | Sep 16, 2021 | 287 | Nov 3, 2022 | 268 | Nov 29, 2023 | 555 |
| -5.35% | Jan 7, 2008 | 222 | Nov 20, 2008 | 131 | Jun 2, 2009 | 353 |
| -3.32% | Dec 23, 1998 | 6 | Dec 30, 1998 | 325 | Mar 31, 2000 | 331 |
| -2.82% | Jul 27, 2011 | 50 | Oct 5, 2011 | 89 | Feb 13, 2012 | 139 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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