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).
