Payden Floating is trading at 9.80 as of the 1st of February 2025; that is 0.51% down since the beginning of the trading day. The fund's open price was 9.85. Payden Floating has less than a 14 % chance of experiencing some financial distress in the next two years of operation and had a solid performance during the last 90 days. The performance scores are derived for the period starting the 7th of May 2024 and ending today, the 1st of February 2025. Click here to learn more.
The fund invests at least 80 percent 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. More on Payden Floating Rate
Payden Floating Rate [PYFIX] is traded in USA and was established 1st of February 2025. Payden Floating is listed under Paydenfunds category by Fama And French industry classification. The fund is listed under Bank Loan category and is part of Paydenfunds family. This fund at this time has accumulated 164.8 M in assets with minimum initial investment of 10 M. Payden Floating Rate is currently producing year-to-date (YTD) return of 0.82% with the current yeild of 0.0%, while the total return for the last 3 years was 7.5%.
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Other Information on Investing in Payden Mutual Fund
Payden Floating 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 Floating security.