Payden & Rygel: Short Bond Fund
December 31, 2011
  2/3/2012
Symbol PYSBX
NAV ($) $10.06 Daily NAV change ($) $-0.01



The Payden Short Bond Fund seeks income and capital appreciation while avoiding the volatility of longer-maturity bond funds. The fund is primarily comprised of US Government securities, investment-grade and high-yield corporate bonds, mortgage- and asset-backed securities. Under normal market conditions, the fund’s maximum average portfolio maturity (on a dollar-weighted basis) is three years. The fund will hold a minimum of 75% in investment-grade securities.



Appropriate for investors who desire a high average credit quality and potential for returns greater than cash alternatives, with some fluctuation in net asset value (NAV).



  • Invests primarily in investment-grade, short-term securities
  • Shorter maturity typically means volatility is less than an intermediate bond fund
  • Free, unlimited check writing
  • Low annual expense ratio
  • No loads or 12b-1 fees



Inception Date: Jan 1, 1994      Net Expense Ratio: 0.53%
CUSIP: 704329200    Sales charge: None
Total Net Assets: $518.6 million    Investment Minimum: $5,000 initial
$2,000 IRA
$250 additional
Benchmark: Merrill Lynch 1-3 Year Treasury   




  Payden Short Bond Morningstar average:
Short-Term Bond
Net Expense Ratio: 0.53% 0.95%