Payden & Rygel: Corporate Bond Fund
December 31, 2011
  2/3/2012
Symbol PYACX
NAV ($) $10.92 Daily NAV change ($) $-0.04



The Payden Corporate Bond Fund’s strategy is to purchase investment-grade corporate bonds of companies that have leading market positions, strong cash flow generation, stable management teams and predictable earnings. Our credit research process looks to capitalize on opportunities in the corporate bond market across sectors and maturities; including the early identification of potential rising stars - companies that we believe will be upgraded to investment grade in the near term. Up to 20% of fund assets may be below investment grade.



Appropriate as a fixed-income holding for investors seeking a dedicated corporate bond strategy.



  • Credit-quality orientation driven by extensive credit research
  • Diversified portfolio of holdings
  • No loads or 12b-1 fees
  • High quality bias



Inception Date: Mar 12, 2009      Net Expense Ratio: 0.65%
CUSIP: 704329366    Sales charge: None
Total Net Assets: $37.3 million    Investment Minimum: $5,000 initial
$2,000 IRA
$250 additional
Benchmark: Barclays Capital Corporate Bond Index   




  Payden Corporate Bond Morningstar average:
Intermediate-Term Bond
Net Expense Ratio: 0.65% 0.99%