Payden Strategic Income Fund (PYSGX)
The fund invests in a wide variety of securities across many asset classes in an unconstrained fashion. It seeks opportunities by employing a flexible approach that evaluates security attractiveness on a global basis and across currencies. The fund will invest in income-producing securities and equity related securities payable in U.S. dollars and other currencies.
Fund Info
| ISIN | US7043291688 |
|---|---|
| CUSIP | 704329168 |
| Issuer | Paydenfunds |
| Inception Date | May 8, 2014 |
| Category | Short-Term Bond |
| Min. Investment | $5,000 |
| Asset Class | Bond |
Expense Ratio
PYSGX features an expense ratio of 0.85%, 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 Strategic 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 Strategic Income Fund had a return of 6.43% year-to-date (YTD) and 10.81% in the last 12 months. Over the past 10 years, Payden Strategic Income Fund had an annualized return of 3.17%, while the S&P 500 had an annualized return of 10.88%, indicating that Payden Strategic Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.43% | 18.13% |
| 1 month | 1.70% | 1.45% |
| 6 months | 5.87% | 8.81% |
| 1 year | 10.81% | 26.52% |
| 5 years (annualized) | 3.09% | 13.43% |
| 10 years (annualized) | 3.17% | 10.88% |
Monthly Returns
The table below presents the monthly returns of PYSGX, 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 | 0.48% | -0.37% | 0.88% | -1.03% | 1.42% | 0.62% | 1.75% | 1.19% | 6.43% | ||||
| 2023 | 2.08% | -0.85% | 1.22% | 0.56% | -0.37% | 0.03% | 0.71% | 0.01% | -0.79% | -0.42% | 2.70% | 2.40% | 7.42% |
| 2022 | -1.02% | -1.25% | -1.03% | -1.75% | -0.34% | -2.11% | 1.48% | -0.43% | -2.55% | -0.09% | 1.98% | 0.39% | -6.61% |
| 2021 | 0.23% | -0.38% | -0.20% | 0.91% | 0.68% | 0.40% | 0.36% | 0.20% | -0.28% | -0.27% | -0.37% | 0.44% | 1.72% |
| 2020 | 1.32% | 0.41% | -8.64% | 3.05% | 2.55% | 2.70% | 1.61% | 0.54% | -0.06% | 0.44% | 1.70% | 0.95% | 6.20% |
| 2019 | 1.74% | 0.45% | 1.34% | 0.59% | 0.79% | 1.28% | 0.18% | 1.17% | -0.05% | 0.25% | 0.05% | 0.25% | 8.33% |
| 2018 | 0.02% | -0.76% | -0.02% | -0.12% | 0.19% | -0.13% | 0.47% | 0.47% | -0.16% | -0.55% | 0.08% | -0.01% | -0.51% |
| 2017 | 0.53% | 0.64% | 0.25% | 0.63% | 0.55% | 0.13% | 0.60% | 0.32% | 0.03% | 0.23% | -0.06% | 0.31% | 4.24% |
| 2016 | 0.61% | -0.13% | 1.13% | 0.56% | 0.16% | 0.99% | 0.86% | 0.18% | 0.30% | -0.20% | -1.42% | 0.57% | 3.65% |
| 2015 | 1.38% | 0.40% | 0.40% | 0.10% | 0.16% | -0.81% | 0.51% | -0.32% | 0.09% | 0.49% | -0.32% | -0.30% | 1.78% |
| 2014 | 0.60% | 0.32% | -0.50% | 0.86% | -0.88% | 0.54% | 0.16% | -0.49% | 0.61% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PYSGX is 91, placing it in the top 9% 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.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Payden Strategic Income Fund (PYSGX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Payden Strategic Income Fund granted a 4.97% 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.49 | $0.42 | $0.35 | $0.35 | $0.31 | $0.33 | $0.32 | $0.28 | $0.27 | $0.23 | $0.15 |
Dividend yield | 4.97% | 4.42% | 3.76% | 3.38% | 2.90% | 3.25% | 3.28% | 2.75% | 2.70% | 2.30% | 1.53% |
Monthly Dividends
The table displays the monthly dividend distributions for Payden Strategic 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.00 | $0.34 | |||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.42 |
| 2022 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.35 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.12 | $0.35 |
| 2020 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.31 |
| 2019 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.33 |
| 2018 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.07 | $0.27 |
| 2015 | $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 |
| 2014 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.15 |
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 Strategic 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 Strategic Income Fund was 12.70%, occurring on Mar 24, 2020. Recovery took 90 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.7% | Mar 5, 2020 | 14 | Mar 24, 2020 | 90 | Jul 31, 2020 | 104 |
| -9.91% | Sep 16, 2021 | 277 | Oct 20, 2022 | 320 | Jan 31, 2024 | 597 |
| -1.81% | Oct 24, 2016 | 28 | Dec 1, 2016 | 57 | Feb 24, 2017 | 85 |
| -1.58% | Sep 2, 2014 | 75 | Dec 16, 2014 | 19 | Jan 14, 2015 | 94 |
| -1.46% | Jan 29, 2018 | 77 | May 17, 2018 | 162 | Jan 9, 2019 | 239 |
Volatility
Volatility Chart
The current Payden Strategic Income Fund volatility is 0.60%, 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.