Payden Low Duration Fund (PYSBX)
The fund invests in a wide variety of debt instruments and income-producing securities payable primarily in U.S. dollars. It invests at least 75% of its total assets in investment grade debt securities, but may invest up to 25% 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
US7043292009
704329200
Dec 31, 1993
$5,000
Expense Ratio
PYSBX features an expense ratio of 0.43%, 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 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 Low Duration Fund had a return of 0.10% year-to-date (YTD) and 5.10% in the last 12 months. Over the past 10 years, Payden Low Duration Fund had an annualized return of 1.78%, while the S&P 500 had an annualized return of 11.31%, indicating that Payden Low Duration Fund did not perform as well as the benchmark.
PYSBX
0.10%
0.10%
1.34%
5.10%
1.73%
1.78%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PYSBX, 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 | 0.20% | 0.10% | |||||||||||
| 2024 | 0.55% | -0.19% | 0.46% | -0.28% | 0.78% | 0.67% | 1.09% | 0.99% | 0.77% | -0.55% | 0.46% | 0.17% | 5.03% |
| 2023 | 1.10% | -0.49% | 1.12% | 0.49% | -0.22% | -0.23% | 0.53% | 0.43% | 0.01% | 0.23% | 1.28% | 1.28% | 5.66% |
| 2022 | -0.63% | -0.72% | -0.92% | -0.50% | 0.12% | -0.69% | 0.68% | -0.54% | -1.16% | -0.21% | 0.76% | 0.36% | -3.40% |
| 2021 | 0.30% | -0.02% | -0.12% | 0.17% | 0.17% | -0.13% | 0.17% | -0.03% | 0.06% | -0.42% | -0.13% | -0.37% | -0.36% |
| 2020 | 0.69% | 0.66% | -3.27% | 1.49% | 1.14% | 1.22% | 0.42% | 0.21% | 0.11% | 0.11% | 0.40% | -0.58% | 2.56% |
| 2019 | 0.63% | 0.20% | 0.62% | 0.30% | 0.61% | 0.49% | 0.00% | 0.79% | -0.12% | 0.28% | 0.08% | 0.19% | 4.13% |
| 2018 | -0.04% | -0.14% | -0.01% | 0.08% | 0.19% | -0.11% | 0.30% | 0.20% | 0.09% | -0.09% | 0.10% | 0.42% | 1.01% |
| 2017 | 0.21% | 0.30% | 0.02% | 0.22% | 0.13% | 0.13% | 0.24% | 0.14% | 0.03% | 0.15% | -0.15% | 0.06% | 1.48% |
| 2016 | 0.20% | 0.00% | 0.60% | 0.10% | 0.21% | 0.31% | 0.31% | 0.00% | 0.20% | 0.01% | -0.30% | 0.10% | 1.75% |
| 2015 | 0.39% | 0.19% | 0.10% | 0.20% | 0.10% | -0.01% | -0.10% | -0.11% | -0.11% | 0.10% | -0.11% | -0.20% | 0.44% |
| 2014 | 0.19% | 0.19% | 0.00% | 0.20% | 0.20% | 0.00% | -0.10% | 0.20% | -0.11% | 0.20% | 0.00% | -0.60% | 0.35% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 93, PYSBX is among the top 7% 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 Low Duration Fund (PYSBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Payden Low Duration Fund provided a 3.93% dividend yield over the last twelve months, with an annual payout of $0.38 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 | $0.38 | $0.42 | $0.35 | $0.18 | $0.09 | $0.17 | $0.24 | $0.23 | $0.16 | $0.11 | $0.11 | $0.12 |
Dividend yield | 3.93% | 4.27% | 3.58% | 1.87% | 0.94% | 1.63% | 2.34% | 2.31% | 1.57% | 1.13% | 1.14% | 1.15% |
Monthly Dividends
The table displays the monthly dividend distributions for Payden 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 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.42 |
| 2023 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 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 | $0.09 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.17 |
| 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 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.16 |
| 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 | $0.11 |
| 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 | $0.11 |
| 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 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 Low Duration Fund was 6.65%, occurring on Mar 24, 2020. Recovery took 68 trading sessions.
The current Payden Low Duration Fund drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.65% | Mar 9, 2020 | 12 | Mar 24, 2020 | 68 | Jun 30, 2020 | 80 |
| -5.95% | Dec 23, 2020 | 470 | Nov 3, 2022 | 278 | Dec 13, 2023 | 748 |
| -3.11% | Mar 4, 2008 | 185 | Nov 24, 2008 | 86 | Mar 31, 2009 | 271 |
| -2.27% | Feb 14, 1996 | 39 | Apr 8, 1996 | 98 | Aug 22, 1996 | 137 |
| -1.98% | Apr 1, 2004 | 30 | May 13, 2004 | 117 | Oct 29, 2004 | 147 |
Volatility
Volatility Chart
The current Payden Low Duration Fund volatility is 0.41%, 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.