Payden & Rygel: Limited Maturity Fund
December 31, 2011
  2/3/2012
Symbol PYLMX
NAV ($) $9.41 Daily NAV change ($) $0.00



The Payden Limited Maturity Fund seeks to outperform current money market rates by utilizing investment-grade short-term securities. The fund is primarily comprised of US Government securities, investment-grade corporate bonds, mortgage- and asset-backed securities and money markets. Average portfolio maturity is less than two years.



Ultra Short-Term Bond – Appropriate for investors who desire yields greater than money market funds while maintaining a high degree of liquidity, but can tolerate fluctuations in the net asset value (NAV).



  • Invests in investment quality, short-term securities
  • Low annual expense ratio
  • Free, unlimited checkwriting
  • Seeks to earn a higher yield than a traditional money market fund
  • No loads or 12b-1 fees
(1) This is not a money market fund. The share price will fluctuate.



Inception Date: May 2, 1994      Net Expense Ratio: 0.50%
CUSIP: 704329606    Sales charge: None
Total Net Assets: $248.4 million    Investment Minimum: $5,000 initial
$2,000 IRA
$250 additional
Benchmark: Merrill Lynch 90-day Treasury Bill   




  Payden Limited Maturity Morningstar average:
Ultrashort Bond
Net Expense Ratio: 0.50% 0.76%