Payden/Kravitz Cash Balance Plan Fund

Scorecard
1 / 5 Stars
Lipper
1 1 3 1 5
Zacks Investment Research
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Standard & Poor's
2 / 5 Stars
TheStreet.com
D- (Sell)

U.S. News evaluated 81 Multisector Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned -0.83 percent over the past year, 1.26 percent over the past three years, and 2.16 percent over the past five years.

Trailing Returns Updated 03.31.2014
Year to date 0.9%
1 Year -0.8%
3 Years (Annualized) 1.3%
5 Years (Annualized) 2.2%
10 Years (Annualized) N/A

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Summary

The investment seeks income and total return consistent with preservation of capital. The fund is designed as an investment vehicle for cash balance pension plans. It seeks to earn a total return, net of fees and expenses, that is equivalent to the interest crediting rate established by the Internal Revenue Service for cash balance pension plans using the 30-year U.S. Treasury Bond Yield. The fund seeks to earn this rate each calendar year. It invests at least 80% of its total assets in a wide variety of debt instruments and income-producing securities. The fund is non-diversified.

Fees

Fees are Above Average compared to funds in the same category.
Payden/Kravitz Cash Balance Plan Fund has an expense ratio of 1.75 percent.

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Risk

Risk is Below Average compared to funds in the same category according to Morningstar.

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