Payden Equity Income Fund Adviser Cl (PYVAX)

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.