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Payden & Rygel: Cash Reserves Money Market Fund
December 31, 2009
  3/11/2010
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 in at least 80% of its assets in high quality government debt securities of US and foreign issuers, and may invest up to 20% of its total assets in high-quality corporate and bank debt securities of US and foreign issuers. Securities are denominated in US dollars and have a minimum short-term rating of A1/P1 by a nationally recognized rating agency at the time of purchase.



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



  • Invests in high quality, short-term securities
  • High average credit quality
  • Seeks to maintain a stable share price of $1.00
  • Low expenses allow for greater income



Inception Date: Dec 17, 1997      Net Expense Ratio: 0.25%
CUSIP: 704329598    Sales charge: None
Total Net Assets: $1,330.0 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