Payden Equity Income Fund Adviser Cl (PYVAX)
Payden Equity Income Fund Adviser Cl operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Los Angeles, CA, US. The stock last traded at $19.33, up 0.26% on the session, giving a market capitalisation of $1.37B. On trailing twelve-month figures it carries a trailing P/E of 6.98, a net margin of 1213.7%. Its beta of 0.78 implies it has historically moved less than the broad market.
The Payden Equity Income Fund endeavors to deliver both long-term capital appreciation and a consistent level of current income to its investors. Its investment strategy primarily centers on well-established, large-capitalization value stocks, identified by their substantial market value and tendency to offer above-average dividend yields. The fund also diversifies into other equity-related instruments that produce income, such as preferred shares, real estate investment trusts (REITs), and master limited partnerships (MLPs). While the majority of its holdings are in U.S. securities, the fund retains the option to allocate up to 30% of its total assets to international equities, including those from developing nations.
Payden Equity Income Fund Adviser Cl is most often compared with the following Financial Services names: