Payden Equity Income Fund (PYVLX)
Payden Equity Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Los Angeles, CA, US. The stock last traded at $19.40, up 0.26% on the session, giving a market capitalisation of $1.38B. Its beta of 0.78 implies it has historically moved less than the broad market.
The Payden Equity Income Fund primarily invests in large, value-oriented companies. These are characterized by significant market capitalizations and a history of providing above-average dividend yields. Beyond these core holdings, the fund also diversifies into other equity-linked investments that generate income, such as preferred shares, real estate investment trusts (REITs), and master limited partnerships (MLPs). While its main geographical focus is on U.S. securities, the fund retains the flexibility to allocate up to 30% of its total assets to international holdings, which may include companies based or operating in developing economies.
Payden Equity Income Fund is most often compared with the following Financial Services names: