Fund Spotlight Payden Cash Reserves Money Market Fund This fund remains one of the highest-yielding money market funds available to investors. The nearly 100% government securities fund has skillfully avoided the "subprime" mortgage investments that have recently rumbled the markets. Research & Commentary Weekly Market Update: May 9, 2008 Market Levels Market Returns Economic Releases U.S. Treasury Bonds/Economics U.S. Equities   Point Of View: April 2008 • Two Sides of the Same Coin: Winners and Losers from the Dollar’s Decline • Food Prices On the Rise: From the Trading Pits to the Supermarket • The Silver Tsunami: The Retirement of the Baby Boom Generation • Breaking the Vicious Cycle: Working Our Way Out of the US Subprime Crisis   Global Economic Review & Outlook: April 2008 • Central Bankers Struggle to Restore Confidence • Strained US Financial Markets May Restrict Lending • Canadian and US Stocks Markets Move in Tandem • Inflation Concerns Handcuff European Policymakers • Food Prices and Social Unrest in the Developing World