Payden Equity Income Fund

Frequently Asked Questions About PYVLX

What does PYVLX invest in?

The Payden Equity Income Fund primarily invests in large, value-oriented companies. These are characterized by significant market capitalizations and a history of providing above-average dividend yields. Beyond these core holdings, the fund also diversifies into other equity-linked investments that generate income, such as preferred shares, real estate investment trusts (REITs), and master limited partnerships (MLPs). While its main geographical focus is on U.S. securities, the fund retains the flexibility to allocate up to 30% of its total assets to international holdings, which may include companies based or operating in developing economies.

What is the expense ratio of PYVLX?

Payden Equity Income Fund (PYVLX) charges an expense ratio of 0.76%. This is the annual fee deducted from fund assets to cover management and operations.

What is PYVLX's dividend yield?

PYVLX's trailing-twelve-month yield is 5.76%, calculated from the sum of dividends over the past year divided by the current price.

How big is PYVLX?

Payden Equity Income Fund (PYVLX) manages $1.36B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is PYVLX actively managed or an index fund?

PYVLX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was PYVLX launched?

Payden Equity Income Fund (PYVLX) launched in November 1996 and is managed by the fund issuer.