Payden High Income
333 S Grand Ave 32nd Fl Los Angeles CA 90071
Map
Phone: 800-572-9336
| Category: | High Yield Bond | | Fund Family: | Paydenfunds | | Net Assets: | 188.24M | | Year-to-Date Return: | -1.16% | | Yield: | 8.14% | | Morningstar Rating: |  | | Fund Inception Date: | 30-Dec-97 |
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Sabur Moini
Lead Manager since
14-Aug-00 | | | Moini is a Senior High-Yield Bond Strategist. His responsibilities include managing holdings in the high-yield portfolios and making relative value and total return recommendations within the sectors. Moini is involved in various portfolio management aspects of the dedicated high-yield bond portfolios. Prior to Payden & Rygel, Moini was a Vice President at SunAmerica Investments in Los Angeles, with a focus on investing in high-yield bank loans for the firms three collateralized loan obligations. |
| Min Initial Investment: | $5,000 | | Min Initial Investment, IRA: | $2,000 | | Min Initial Investment, AIP: | $0 | | Min Subsequent Investment: | $250 | | Min Subsequent Investment, IRA: | $250 | | Min Subsequent Investment, AIP: | $0 |
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| The investment seeks current income while providing for capital appreciation. The fund normally invests at least 80% of assets in securities rated below investment grade. Management seeks securities that are on the low risk end of the high yield sector, which may include companies that the advisor believes have stable to improving business prospects. The fund may invest up to 20% of assets in equity securities of U.S. or foreign issuers. It may also invest in instruments designed to hedge the fund's foreign currency exposure to the U.S. dollar. |
| Last Dividend
(28-Aug-08):
| 0.05 | | Last Cap Gain
| N/A | | Annual Holdings Turnover
| 67.00% | | Average for Category:
| 114.15% |
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| Expense | PYHRX | Category
Avg | | Total Expense Ratio: | 0.61%
| 1.22% | | Max 12b1 Fee: | 0.00%
| N/A | | Max Front End Sales Load: | 0.00%
| 4.43% | | Max Deferred Sales Load: | 0.00%
| 2.70% | | 3 Yr Expense Projection*: |
$195 | $581 | | 5 Yr Expense Projection*: |
$340 | $888 | | 10 Yr Expense Projection*: |
$762 | $1,744 |
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1.49% Nasdaq 
0.27%
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