Payden & Rygel: US Government Fund
December 31, 2011
  2/3/2012
Symbol PYUSX
NAV ($) $10.95 Daily NAV change ($) $-0.01



The Payden US Government Fund seeks to provide income while avoiding the volatility of longer-maturity bond funds and the credit risk involved in non-government issuers. The fund is comprised of US Treasuries, government agency debentures and agency mortgage-backed securities. Average portfolio maturity is less than five years.



Short-Term Government Bond – Appropriate for investors who seek exposure to short-term securities issued by the US Government and its agencies.



  • Provides protection from corporate credit risk
  • Ideal for investors with a short to intermediate horizon who seek safety of government securities



Inception Date: Jan 1, 1995      Net Expense Ratio: 0.60%
CUSIP: 704329796    Sales charge: None
Total Net Assets: $60.4 million    Investment Minimum:
  Regular Account
Investor Class
Adviser Class		 $100,000
$5,000
  IRA
Investor Class
Adviser Class		 $100,000
$2,000
Benchmark: Merrill Lynch 1-5 Year Treasury   




  Payden US Government Morningstar average:
Short Government
Net Expense Ratio: 0.60% 0.88%