Description

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.