Payden Floating Rate Fund SI Class
PYFIX
NASDAQ
Rating
Reward
Risk
Fund Information
Fund Type
Category
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Open/Closed to New Investors
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Cash
Stock
U.S. Stock
Non U.S. Stock
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Non-U.S. Bond
Preferred
Convertible
Other
Services Offered
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Company Information
Provider
Paydenfunds
Manager/Tenure
(Years)
(Years)
Jordan Lopez (11), Alfred Giles (8), Timothy Crawmer (5), 2 others
Website
Address
Paydenfunds
Los Angeles CA - 90071
Los Angeles CA - 90071
Country
United States
Phone Number
614-470-8006
Investment Strategy
The investment seeks a high level of current income through floating rate debt instruments, with a secondary objective of long-term capital appreciation. The fund invests at least 80% of its total assets in income producing floating rate loans and other floating rate debt instruments. Floating rate loans are typically debt obligations with interest rates that adjust or "float" periodically, often on a daily, monthly, quarterly, or semiannual basis by reference to a base lending rate plus a premium. It invests primarily in senior floating rate loans of domestic and foreign borrowers.