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NAV / Daily Prices
NAV ($)
1.00
NAV Change ($)
0.00
Change %
0.00%
MTD Return
0.18%
YTD Return
Statistics
7-Day SEC YieldA
3.48%
7-Day SEC Yield (Unsubsidized)B
3.34%
Average Maturity
26 Days
Expenses
Total Fund Operating Expenses
0.38%C
With Expense Cap
0.25%
| Total Returns | Month-End (02/28/2026) | Quarter-End (12/31/2025) |
| YTD | 0.57% | 4.09% |
| 1 Year | 3.99% | 4.09% |
| 3 Year |
The 7-day SEC yield represents the annualized income earned by the Fund over a 7-day period. The yield reflects the deduction of the Fund’s operating expenses. Yields will fluctuate and are not a guarantee of future results.
Represents a 7-day SEC Yield without adjusting for fee waivers or expense reimbursements.
Payden & Rygel has contractually agreed to limit Total Annual Fund Operating Expenses After Fee Waiver or Expense Reimbursement to 0.25%. This agreement has a one-year term ending February 28, 2027. Please note that the 0.25% expense level does not include Acquired Fund Fees and Expenses, interest, taxes, and extraordinary expenses.
Quoted performance data represent past performance, which does not guarantee future results. Investment returns and principal value will fluctuate, so investors' shares, when sold, may be worth more or less than their original cost. For the most recent month-end performance, which may be higher or lower than that quoted, select this link or call 800 572-9336.
Returns less than one year are not annualized.
Mutual funds are required by the IRS to distribute substantially all realized profits they earn to shareholders on at least an annual basis. If a fund has net gains from the sale of securities, or if it earns dividends or interest from securities, the fund must distribute those earnings to its shareholders. All distributions are taxable, unless an investor's shares are held in a tax-deferred or tax-exempt account such as an IRA. Payden shareholders have the option to receive their distributions in cash or to automatically reinvest the distribution back into the Fund. This information is not intended to provide tax advice. Please consult a qualified tax professional for advice specific to your circumstances. Dividends shown are historical and not guaranteed. Amounts may vary and do not predict future income.
Sector
Percent of Portfolio
Money Markets
45%
Repurchase Agreements
33%
Government/Gov't Related
19%
Mortgage-Backed
3%
Fund Holdings as of December 31, 2025
| 4.63% |
| 4.66% |
| 5 Year | 3.17% | 3.06% |
| 10 Year | 2.05% | 1.99% |
| Since Inception | 2.14% | 2.13% |
DividendsF
Dividend
$0.0027
Dividend Reinvest NAV
$1.00
Record Date
02/27/2026
Ex Date
02/27/2026
Payable Date
02/27/2026
Dividends Paid
Monthly, with Daily Accural
Capital GainsF
Short Term
None
Long Term
None
Reinvest NAV
None
Record Date
N/A
Ex Date
N/A
Payable Date
N/A
Investor Class - Regular Account
$5,000
Investor Class - IRA Account
$2,000
Additional Investment - All Classes
$250
Fund Inception Date
12/17/1997
Share Class Inception Date
12/17/1997
Share Class
Investor Class
Ticker
PBHXX
CUSIP
704329598
Fund Total Net Assets
As of 02/28/2026
$317.7 Million
Sales Charge
None
Benchmark
Lipper U.S. Govt Money Market Funds
Money Market – Appropriate for investors who require maximum portfolio liquidity and stability of principal.
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 at least 99.5% of its total assets in cash, U.S. government debt securities and repurchase agreements that are fully collateralized by cash or U.S. government securities. It may invest up to 0.5% of its total assets in bank, corporate, mortgage-backed, and asset-backed debt securities of U.S. and foreign issuers.
Low annual expense ratio.
Seeks to maintain a stable share price of $1.00.
Data as of 02/28/2026
Sector
Percent of Portfolio
Money Markets
45%
Repurchase Agreements
33%
Government/Gov't Related
19%
Mortgage-Backed
3%
Data as of 02/28/2026
U.S. interest rates moved lower during February amid heightened geopolitical tensions and increased volatility in equity markets, prompting increased demand for U.S. Treasuries as investors sought higher-quality assets. The 10-year U.S. Treasury yield declined below the 4% level, while 2-year yields fell to approximately 3.37%, reflecting market expectations for two to three 25-basis-point rate cuts. Although there was no Federal Reserve (Fed) meeting during the month, commentary surrounding newly nominated Fed Chair Kevin Warsh generated discussion regarding future monetary policy direction, balance sheet management, and leadership style.
The Secured Overnight Financing Rate (SOFR) – a measure of the overnight secured borrowing rate in the U.S. – ended the month unchanged from January, closing at 3.68%. At month-end, the 3-month term SOFR rate was 3.67%, and the 3-month U.S. Treasury bill closed at 3.66%.
Portfolios remain positioned modestly long relative to their benchmarks, reflecting our expectation that softer employment conditions and continued progress on inflation may support lower interest rates over time.
Fund Holdings as of February 27, 2026
Fund Holdings as of January 31, 2026
Fund Holdings as of December 31, 2025
Fund Holdings as of November 30, 2025
Fund Holdings as of October 31, 2025
Fund Holdings as of September 30, 2025
Fund Holdings August 31, 2025
Fund Holdings as of July 31, 2025
Fund Holdings as of June 30, 2025
Fund Holdings as of May 30, 2025
The minimum initial investment may be modified for certain financial intermediaries that submit trades on behalf of underlying investors. Payden Funds’ distributor may lower or waive the minimum initial investment for certain categories of investors at their discretion.
For more information and to obtain a prospectus or summary prospectus, click on the respective link below the Fund name at the top of this page, or call 800 572-9336. Before investing, investors should carefully read and consider investment objectives, risks, charges, expenses, and other important information about the Fund, which is contained in these documents. The Payden Funds are distributed through Payden & Rygel Distributors, member FINRA.
Money Market Fund Risk: An investment in the money market Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.
0.75%
PerformanceD
Total ReturnsE
| YTD | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception | |
|---|---|---|---|---|---|---|
| Month-End (02/28/2026) | 0.57% | 3.99% | 4.63% | 3.17% | 2.05% | 2.14% |
| Quarter-End (12/31/2025) | 4.09% | 4.09% | 4.66% | 3.06% | 1.99% | 2.13% |
Returns less than one year are not annualized. All returns are net of fees.
DividendsF
Dividend
$0.0027
Dividend Reinvest NAV
$1.00
Record Date
02/27/2026
Ex Date
02/27/2026
Payable Date
02/27/2026
Dividends Paid
Monthly, with Daily Accural
Capital GainsF
Short Term
None
Long Term
None
Reinvest NAV
None
Record Date
N/A
Ex Date
N/A
Payable Date
N/A
Fund Inception Date
12/17/1997
Share Class Inception Date
12/17/1997
Share Class
Investor Class
Ticker
PBHXX
CUSIP
704329598
Fund Total Net Assets
As of 02/28/2026
$317.7 Million
Sales Charge
None
Benchmark
Lipper U.S. Govt Money Market Funds
Money Market – Appropriate for investors who require maximum portfolio liquidity and stability of principal.
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 at least 99.5% of its total assets in cash, U.S. government debt securities and repurchase agreements that are fully collateralized by cash or U.S. government securities. It may invest up to 0.5% of its total assets in bank, corporate, mortgage-backed, and asset-backed debt securities of U.S. and foreign issuers.
Low annual expense ratio.
Seeks to maintain a stable share price of $1.00.
Investment MinimumG
Investor Class - Regular Account
$5,000
Investor Class - IRA Account
$2,000
Additional Investment - All Classes
$250