Payden Strategic Income Fund Quote
| PYSIX Fund | USD 9.68 0.01 0.10% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Payden Strategic is trading at 9.68 as of the 13th of December 2024; that is 0.1% down since the beginning of the trading day. The fund's open price was 9.69. Payden Strategic has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 23rd of May 2023 and ending today, the 13th of December 2024. Click here to learn more.
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. More on Payden Strategic Income
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Payden Mutual Fund Highlights
| Fund Concentration | Paydenfunds Funds, Large Value Funds, Short-Term Bond Funds, Short-Term Bond, Paydenfunds (View all Sectors) |
| Update Date | 31st of December 2024 |
Payden Strategic Income [PYSIX] is traded in USA and was established 13th of December 2024. Payden Strategic is listed under Paydenfunds category by Fama And French industry classification. The fund is listed under Short-Term Bond category and is part of Paydenfunds family. This fund at this time has accumulated 208.94 M in assets with no minimum investment requirementsPayden Strategic Income is currently producing year-to-date (YTD) return of 6.51% with the current yeild of 0.0%, while the total return for the last 3 years was 2.39%.
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Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Payden Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Payden Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Payden Strategic Income Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Payden Strategic Income Risk Profiles
| Mean Deviation | 0.1213 | |||
| Standard Deviation | 0.1699 | |||
| Variance | 0.0289 | |||
| Risk Adjusted Performance | (0.04) |
Payden Strategic Against Markets
Other Information on Investing in Payden Mutual Fund
Payden Strategic financial ratios help investors to determine whether Payden Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Payden with respect to the benefits of owning Payden Strategic security.
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