Payden Limited Maturity Fund (PYLMX)
The fund invests in a wide variety of debt instruments and income-producing securities payable primarily in U.S. dollars. It invests at least 90% of its total assets in investment grade debt securities, but may invest up to 10% 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 | US7043296067 |
|---|---|
| CUSIP | 704329606 |
| Issuer | Paydenfunds |
| Inception Date | Apr 29, 1994 |
| Category | Ultrashort Bond |
| Min. Investment | $5,000 |
| Asset Class | Bond |
Expense Ratio
PYLMX has a high expense ratio of 0.25%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PYLMX vs. FLTR
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Payden Limited Maturity 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 Limited Maturity Fund had a return of 1.93% year-to-date (YTD) and 6.39% in the last 12 months. Over the past 10 years, Payden Limited Maturity Fund had an annualized return of 1.92%, while the S&P 500 had an annualized return of 10.99%, indicating that Payden Limited Maturity Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.93% | 11.18% |
| 1 month | 0.56% | 5.60% |
| 6 months | 3.17% | 17.48% |
| 1 year | 6.39% | 26.33% |
| 5 years (annualized) | 2.52% | 13.16% |
| 10 years (annualized) | 1.92% | 10.99% |
Monthly Returns
The table below presents the monthly returns of PYLMX, 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 | 0.56% | 0.43% | 0.47% | 0.35% | 1.93% | ||||||||
| 2023 | 0.64% | 0.31% | 0.36% | 0.46% | 0.38% | 0.49% | 0.61% | 0.52% | 0.42% | 0.44% | 0.76% | 0.67% | 6.24% |
| 2022 | -0.17% | -0.17% | -0.27% | -0.05% | -0.03% | -0.33% | 0.34% | 0.27% | -0.14% | 0.11% | 0.47% | 0.53% | 0.55% |
| 2021 | 0.07% | 0.06% | 0.05% | 0.05% | 0.05% | 0.04% | 0.04% | 0.04% | -0.06% | -0.06% | -0.07% | 0.10% | 0.31% |
| 2020 | 0.39% | 0.27% | -2.99% | 1.34% | 0.88% | 0.85% | 0.31% | 0.20% | 0.09% | 0.08% | 0.29% | 0.18% | 1.84% |
| 2019 | 0.44% | 0.42% | 0.23% | 0.33% | 0.34% | 0.33% | 0.12% | 0.32% | 0.20% | 0.20% | 0.19% | 0.19% | 3.36% |
| 2018 | 0.26% | 0.04% | 0.06% | 0.29% | 0.19% | 0.09% | 0.31% | 0.20% | 0.20% | 0.11% | 0.00% | 0.03% | 1.78% |
| 2017 | 0.19% | 0.19% | -0.01% | 0.21% | 0.12% | 0.22% | 0.13% | 0.14% | 0.13% | 0.14% | 0.13% | 0.04% | 1.64% |
| 2016 | 0.06% | -0.04% | 0.39% | 0.11% | 0.07% | 0.19% | 0.18% | 0.07% | 0.07% | 0.10% | -0.03% | 0.09% | 1.27% |
| 2015 | 0.16% | 0.16% | 0.06% | 0.06% | 0.17% | -0.04% | -0.04% | -0.04% | -0.15% | -0.04% | 0.06% | -0.04% | 0.32% |
| 2014 | 0.05% | 0.17% | 0.06% | 0.07% | 0.18% | 0.06% | -0.04% | 0.17% | -0.15% | 0.06% | -0.04% | -0.04% | 0.57% |
| 2013 | 0.04% | 0.03% | 0.05% | 0.17% | -0.03% | -0.36% | 0.06% | 0.06% | 0.17% | 0.17% | 0.06% | 0.06% | 0.50% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PYLMX is 99, placing it in the top 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
PYLMX (Payden Limited Maturity Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Payden Limited Maturity Fund (PYLMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Payden Limited Maturity Fund granted a 5.10% dividend yield in the last twelve months. The annual payout for that period amounted to $0.49 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.49 | $0.44 | $0.17 | $0.06 | $0.13 | $0.24 | $0.22 | $0.13 | $0.08 | $0.07 | $0.07 | $0.07 |
Dividend yield | 5.10% | 4.63% | 1.82% | 0.63% | 1.39% | 2.56% | 2.31% | 1.41% | 0.84% | 0.74% | 0.78% | 0.71% |
Monthly Dividends
The table displays the monthly dividend distributions for Payden Limited Maturity 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 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.17 | |||||||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.17 |
| 2021 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.06 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2019 | $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 |
| 2018 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2017 | $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 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.08 |
| 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 | $0.07 |
| 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 | $0.07 |
| 2013 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Payden Limited Maturity 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 Limited Maturity Fund was 5.56%, occurring on Mar 24, 2020. Recovery took 79 trading sessions.
The current Payden Limited Maturity Fund drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.56% | Mar 9, 2020 | 12 | Mar 24, 2020 | 79 | Jul 16, 2020 | 91 |
| -3.36% | Sep 16, 2008 | 68 | Dec 19, 2008 | 153 | Jul 31, 2009 | 221 |
| -1.89% | Jul 9, 2007 | 179 | Mar 24, 2008 | 72 | Jul 7, 2008 | 251 |
| -1.24% | Oct 4, 2021 | 176 | Jun 14, 2022 | 127 | Dec 14, 2022 | 303 |
| -0.72% | Aug 5, 2011 | 42 | Oct 4, 2011 | 91 | Feb 14, 2012 | 133 |
Volatility
Volatility Chart
The current Payden Limited Maturity Fund volatility is 0.81%, 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.