Payden High Income Fund (PYHRX)
The fund invests in a wide variety of debt instruments and income-producing securities. It normally invests at least 80% of its total assets in corporate debt securities rated below investment grade. Below investment grade debt securities are rated below the four highest grades by at least one Nationally Recognized Statistical Rating Organization, or are securities that the fund's adviser, Payden & Rygel ("Payden"), determines to be of comparable quality.
Fund Info
US7043295721
704329572
Dec 30, 1997
$5,000
Expense Ratio
PYHRX features an expense ratio of 0.60%, 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 High 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 High Income Fund had a return of 1.68% year-to-date (YTD) and 9.47% in the last 12 months. Over the past 10 years, Payden High Income Fund had an annualized return of 5.33%, while the S&P 500 had an annualized return of 11.31%, indicating that Payden High Income Fund did not perform as well as the benchmark.
PYHRX
1.68%
0.73%
3.24%
9.47%
5.19%
5.33%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PYHRX, 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 | 1.36% | 1.68% | |||||||||||
| 2024 | 0.43% | 0.19% | 1.25% | -0.72% | 1.42% | 0.90% | 1.76% | 1.64% | 1.03% | -0.69% | 1.04% | -0.39% | 8.12% |
| 2023 | 3.96% | -1.47% | 1.10% | 1.43% | -1.06% | 1.76% | 1.77% | 0.30% | -0.93% | -1.02% | 4.71% | 3.50% | 14.74% |
| 2022 | -2.34% | -1.55% | -0.17% | -3.44% | 0.32% | -6.74% | 5.85% | -1.94% | -4.03% | 2.85% | 2.41% | -0.79% | -9.74% |
| 2021 | 0.72% | 0.51% | 0.24% | 1.02% | 0.85% | 1.58% | 0.24% | 0.25% | 0.25% | -0.05% | -1.06% | 1.91% | 6.62% |
| 2020 | 0.12% | -1.43% | -13.22% | 4.76% | 4.77% | 1.93% | 4.64% | 1.38% | -0.94% | 0.92% | 3.37% | 2.24% | 7.40% |
| 2019 | 4.94% | 1.76% | 1.28% | 1.53% | -0.91% | 2.48% | 0.60% | 0.73% | 0.43% | 0.32% | 0.74% | 1.82% | 16.75% |
| 2018 | 0.75% | -1.27% | -0.62% | 0.60% | -0.16% | 0.00% | 1.25% | 0.79% | 0.45% | -1.57% | -0.82% | -2.23% | -2.85% |
| 2017 | 0.87% | 1.19% | -0.17% | 1.06% | 0.90% | 0.14% | 1.07% | -0.01% | 0.73% | 0.61% | -0.45% | 0.43% | 6.53% |
| 2016 | -0.39% | 0.90% | 1.97% | 2.19% | 0.27% | 0.53% | 1.99% | 1.52% | 0.46% | -0.22% | -0.57% | 1.56% | 10.65% |
| 2015 | 0.46% | 2.55% | -0.62% | 0.88% | 0.40% | -1.36% | 0.02% | -1.25% | -2.36% | 2.86% | -1.33% | -1.62% | -1.51% |
| 2014 | 0.57% | 2.03% | 0.18% | 0.74% | 1.16% | 0.46% | -1.46% | 2.04% | -1.90% | 1.33% | -0.85% | -5.14% | -1.08% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, PYHRX 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 High Income Fund (PYHRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Payden High Income Fund provided a 7.10% 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 | $0.42 | $0.36 | $0.33 | $0.34 | $0.35 | $0.35 | $0.34 | $0.34 | $0.34 | $0.40 |
Dividend yield | 7.10% | 7.19% | 6.68% | 6.07% | 4.79% | 5.00% | 5.23% | 5.88% | 5.27% | 5.28% | 5.52% | 6.08% |
Monthly Dividends
The table displays the monthly dividend distributions for Payden High 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.42 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2020 | $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 |
| 2019 | $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 |
| 2018 | $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 |
| 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.04 | $0.34 |
| 2015 | $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 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.40 |
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 High 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 High Income Fund was 27.80%, occurring on Dec 12, 2008. Recovery took 232 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.8% | May 21, 2008 | 143 | Dec 12, 2008 | 232 | Nov 13, 2009 | 375 |
| -21.45% | Feb 21, 2020 | 22 | Mar 23, 2020 | 110 | Aug 27, 2020 | 132 |
| -14.06% | Dec 29, 2021 | 190 | Sep 29, 2022 | 293 | Nov 29, 2023 | 483 |
| -10.98% | Sep 2, 2014 | 365 | Feb 11, 2016 | 124 | Aug 9, 2016 | 489 |
| -9.69% | Jul 27, 2011 | 49 | Oct 4, 2011 | 78 | Jan 26, 2012 | 127 |
Volatility
Volatility Chart
The current Payden High Income Fund volatility is 0.71%, 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.