Morningstar

Payden Absolute Return Bond Fund SI Class PYAIX

Morningstar Medalist Rating
Medalist Rating as of | See Payden Investment Hub
  • NAV / 1-Day Return 9.18  /  0.00
  • Total Assets 583.5M
  • Adj. Expense Ratio
    0.480%
  • Expense Ratio 0.470%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 10M
  • Status Open
  • TTM Yield 6.59%
  • Effective Duration 2.38 years

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:50 AM GMT+0

Morningstar’s Analysis PYAIX

Will PYAIX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PYAIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PYAIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PYAIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Payden Absolute Return Bond SI holds a quantitatively derived Silver Morningstar Medalist Rating. The rating reflects that it has scored well on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
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Portfolio Holdings PYAIX

More PYAIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings −11.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset- Futures

19.24 111M
Cash and Equivalents

Usd/Eur Fwd 20260916 00816

12.13 70M
Derivative

2 Year Treasury Note Future Sept 26

8.44 49M
Government

Usd/Eur Fwd 20260826 00816

3.25 19M
Derivative

Usd/Chf Fwd 20260827 00816

2.70 16M
Derivative

Aud/Usd Fwd 20260827 00816

2.32 13M
Derivative

Ultra US Treasury Bond Future Sept 26

2.17 12M
Government

Payden Emerging Markets Local Bond SI

2.04 12M
—

Usd/Mxn Fwd 20260826 00816

2.02 12M
Derivative

United States Treasury Notes 3.75%

2.02 12M
Government

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