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Payden & Rygel: Global Short Bond Fund
June 30, 2010
  9/3/2010
Symbol PYGSX
NAV ($) $10.09 Daily NAV change ($) $-0.01



The Payden Global Short Bond Fund generally invests in bonds of five-year maturities or less, issued by governments and corporations around the world. While the average credit quality is investment-grade (BBB or above), the fund may invest up to 35% of its assets in securities that are rated below investment grade and up to 20% in equity securities of US or foreign companies. The fund invests in credit markets to seek higher returns over time.



Appropriate for investors who desire diversification from sovereign and corporate debt of global issuers.



  • No loads or 12b-1 fees
  • Primarily dollar-pay bonds
  • Less interest rate sensitivity than a core bond



Inception Date: Sep 18, 1996      Net Expense Ratio: 0.71%
CUSIP: 704329697    Sales charge: None
Total Net Assets: $68.2 million    Investment Minimum: $5,000 initial
$2,000 IRA
$250 additional
Benchmark: Merrill Lynch 1-3 Year Treasury   




  Payden Global Short Bond Morningstar average:
World Bond
Net Expense Ratio: 0.71% 1.16%