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PYACX Payden Corporate Bond

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Fund PYACX Payden Corporate Bond VWESX Vanguard Long-Term Investment-Grade Inv  
Similarity
?
100% 91%
Annual Fees
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$66.58
(0.65% Exp. Ratio)
$21.51
(0.21% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.44% annual return
$16,938.76 $19,339.98
Est. savings over 30 yrs +$2,401.23
Return
As of 11/30/16
1 YR RETURN 5.36%
3 YR 5.35%
5 YR 5.99%
10 YR --
1 YR RETURN 5.84%
3 YR 7.14%
5 YR 6.06%
10 YR 6.60%
Description
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, the fund invests at least 80% of its total assets in corporate bonds or similar corporate debt instruments. In addition, in order to gain exposure to corporate debt markets, the fund may use derivatives to a significant extent, including in particular, credit default swaps with respect to individual corporate names and with respect to various credit indices. It is non-diversified.
The investment seeks to provide a high and sustainable level of current income. The fund invests in a variety of high-quality and, to a lesser extent, medium-quality fixed income securities, at least 80% of which will be intermediate- and long-term investment-grade securities. High-quality fixed income securities are those rated the equivalent of A3 or better; medium-quality fixed income securities are those rated the equivalent of Baa1, Baa2, or Baa3. The fund's dollar-weighted average maturity is expected to fall within a range that is five years shorter than or five years longer than that of its benchmark index.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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