Payden & Rygel: Cash Reserves Money Market Fund
March 31, 2013
  6/18/2013
Symbol PBHXX
NAV ($) $1.00 Daily NAV change ($) $0.00



The Payden Cash Reserves Money Market Fund seeks to provide current income and daily liquidity while maintaining a stable share price of $1.00. The fund invests primarily in US Treasuries, government agency debentures and government collateralized repurchase agreements, avoiding the credit risk involved in corporate and bank debt securities. Though the prospectus allows the fund to invest 20% in corporate debt, the intention of the manager is to invest solely in US Treasury and agency debt.



Money Market – Appropriate for investors who require maximum portfolio liquidity and stability of principal.



  • Provides protection from corporate credit risk
  • Free, unlimited check writing
  • Low annual expense ratio
  • Seeks to maintain a stable share price of $1.00



Inception Date: Dec 17, 1997      Net Expense Ratio: 0.25%
CUSIP: 704329598    Sales charge: None
Total Net Assets: $356.9 million    Investment Minimum: $5,000 initial
$2,000 IRA
$250 additional
Benchmark: Lipper Money Market Average   
  




  Payden Cash Reserves Money Market Morningstar average:
Net Expense Ratio: 0.25% None