Payden & Rygel, established in 1983, manages $165.7 billion in assets globally. They offer various investment options including fixed-income, equity, absolute return, and balanced funds. Three recommended Payden mutual funds – PYHRX, PYLMX, and PYEMX – have strong performance with Zacks Mutual Fund Rank #1 or 2, low fees, and positive returns.

Payden High Income fund focuses on high current income and capital appreciation through diversified high yield bond investments. Lead manager Jordan Lopez oversees holdings in companies like Misc Bonds (68.2%) and Brandywine Operating Partnership. PYHRX has 9.8% 3-year and 5.6% 5-year returns, with a net expense ratio of 0.69%.

Payden Limited Maturity fund aims for total return exceeding money market funds while preserving capital through investment-grade securities. Manager Mary Beth Syal handles holdings in Misc Bonds (63.8%) and U.S. Treasury bills. PYLMX boasts 5.8% 3-year and 3.6% 5-year returns, with a net expense ratio of 0.30%.

Payden Emerging Markets Bond fund seeks high total return by investing in a diverse range of emerging market sovereign and corporate bonds. Manager Kristin Ceva oversees holdings in companies like Misc Bonds (56.2%) and National Treasury Notes of Brazil. PYEMX has 11.7% 3-year and 2.7% 5-year returns, with a net expense ratio of 0.81%.

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Read more at Nasdaq: Top 3 Payden Mutual Funds for Balanced Portfolios