The Payden High Income Fund (PYHRX) is a mutual fund that focuses on generating high levels of income for investors. It invests in a diverse range of fixed income securities, including corporate bonds, government bonds, and mortgage-backed securities. The fund's objective is to provide a steady stream of income while also seeking to preserve capital and achieve long-term growth. With a focus on high-quality, income-generating assets, the Payden High Income Fund is a suitable option for investors looking for a stable and potentially lucrative investment opportunity.