PYAIX Performance — Payden Absolute Return Bond Fund
Data updated: 2026-09-23
PYAIX returned +1.53% year to date and +4.42% over one year to Jul 2026. Annualised returns are +5.94% over 3 years and +3.77% over 5 years. The fund beat its Ultrashort Core Bond category average: $100 invested three years ago grew to $119, against $116 for the category, and to $104 over one year, against $104. Volatility over the past three years was 1.59% a year. In the 12 months to Jul 2026 the fund lost a net $66.8M, and assets reached $572.57M.
PYAIX Growth of $100
What $100 invested in Payden Absolute Return Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Ultrashort Core Bond category average over the same months.
| Period | PYAIX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $104 | $104 |
| 3 years (Aug 2023 – Jul 2026) | $119 | $116 |
| 5 years (Aug 2021 – Jul 2026) | $120 | $119 |
| Since data start (Aug 2019 – Jul 2026) | $127 | $122 |
PYAIX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.53% |
| 1 year | +4.42% |
| 3 years (annualised) | +5.94% |
| 5 years (annualised) | +3.77% |
PYAIX Annual Returns
Calendar-year total returns of Payden Absolute Return Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.53% |
| 2025 | +6.07% |
| 2024 | +7.80% |
| 2023 | +6.46% |
| 2022 | −2.50% |
| 2021 | +1.35% |
| 2020 | +3.03% |
| 2019 (Aug–Dec) | +1.24% |
PYAIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.7% | +0.2% | −1.4% | +1.1% | +0.4% | +0.1% | +0.5% | — | — | — | — | — |
| 2025 | +0.6% | +0.4% | +0.4% | +0.5% | +0.2% | +1.1% | −0.1% | +1.0% | +0.4% | +0.3% | +0.6% | +0.5% |
| 2024 | +1.1% | +0.7% | +0.7% | +0.6% | +0.9% | +0.5% | +0.9% | +0.3% | +0.6% | +0.4% | +0.3% | +0.6% |
| 2023 | +2.4% | −0.4% | +0.6% | +0.8% | −0.4% | −0.1% | +1.0% | +0.3% | +0.1% | +0.1% | +1.3% | +0.6% |
| 2022 | −0.5% | −1.2% | −0.5% | −0.4% | −0.8% | −1.4% | +1.2% | +0.4% | −1.6% | −0.2% | +2.0% | +0.6% |
| 2021 | +0.5% | 0.0% | 0.0% | +0.5% | +0.4% | +0.1% | +0.1% | +0.2% | +0.1% | −0.3% | −0.5% | +0.4% |
| 2020 | +0.9% | +0.3% | −10.0% | +2.7% | +3.1% | +2.8% | +0.8% | +0.6% | +0.2% | +0.4% | +1.2% | +0.7% |
| 2019 | — | — | — | — | — | — | — | +0.5% | 0.0% | +0.4% | +0.1% | +0.2% |
PYAIX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 1.59%
- 3-year Sharpe ratio: 0.90 (vs 4.5% risk-free rate)
- Best month: +1.32% (Nov 2023)
- Worst month: −1.44% (Mar 2026)
PYAIX Fund Flows
Monthly money in and out of Payden Absolute Return Bond Fund, from SEC Form N-PORT.
- 12-month net flow: −$66.8M
- 12-month gross sales (incl. reinvestments): $145.6M
- Sales ÷ redemptions: 0.69×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $5.2M | $7.3M | −$2.1M |
| Jun 2026 | $4.8M | $41.4M | −$36.5M |
| May 2026 | $5.9M | $5.3M | $584K |
| Apr 2026 | $5.2M | $5.1M | $33K |
| Mar 2026 | $5.8M | $51.8M | −$46.0M |
| Feb 2026 | $10.3M | $16.3M | −$6.0M |
| Jan 2026 | $9.7M | $6.7M | $3.0M |
| Dec 2025 | $11.2M | $6.8M | $4.4M |
| Nov 2025 | $42.6M | $14.0M | $28.6M |
| Oct 2025 | $8.7M | $19.0M | −$10.2M |
| Sep 2025 | $22.9M | $22.3M | $610K |
| Aug 2025 | $13.3M | $16.5M | −$3.2M |
PYAIX Assets Under Management
Net assets of Payden Absolute Return Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $572.57M |
| 2026-04-30 | $613.56M |
| 2026-01-30 | $672.84M |
| 2025-10-31 | $641.12M |
| 2025-07-31 | $652.54M |
| 2025-04-30 | $634.74M |
| 2025-01-31 | $588.89M |
| 2024-10-31 | $580.30M |
| 2024-07-31 | $576.44M |
| 2024-04-30 | $554.97M |
| 2024-01-31 | $722.63M |
| 2023-10-31 | $695.41M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.