2 / 5 Stars
4 4 2 5 1
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#15 in Long-Term Bond
U.S. News evaluated 30 Long-Term Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 7.15 percent over the past year, and 7.90 percent over the past three years.
|Trailing Returns||Updated 05.31.2013|
|Year to date||0.3%|
|3 Years (Annualized)||7.9%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks a high level of total return that is consistent with preservation of capital. The fund invests in a wide variety of debt instruments and income-producing securities. Under normal market conditions, it invests at least 80% of its total assets in corporate bonds or similar corporate debt instruments. The fund invests at least 65% of its total assets in securities rated investment grade at the time of purchase, and may invest up to 35% of its total assets in securities rated below investment grade (commonly called "junk bonds"). It is non-diversified.
Fees are High compared to funds in the same category.
Payden Corporate Bond Fund has an expense ratio of 0.65 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.