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Payden & Rygel: GNMA Fund
June 30, 2010
  9/3/2010
Symbol PYGNX
NAV ($) $10.51 Daily NAV change ($) $-0.01



The Payden GNMA Fund invests at least 80% of its assets in mortgage-backed securities that are guaranteed by the full faith and credit of the US Government. The fund invests in a range of mortgage-backed security pools with coupons between 4.50% and 9.00%. The balance of the fund’s assets is invested in other obligations guaranteed by the US Government or its agencies. The fund strives to maintain an intermediate maturity of between three and seven years.



Appropriate for investors who seek higher yields and diversification through debt issued by the Government National Mortgage Association.



  • Yields generally exceed intermediate-maturity Treasuries.
  • 100% invested in securities issued by the US Government or its agencies
  • While share values will fluctuate as interest rates move up and down, there is no corporate credit risk associated with the portfolio's holdings
  • Free, unlimited check writing



Inception Date: Aug 27, 1999      Net Expense Ratio: 0.52%
CUSIP: 704329473    Sales charge: None
Total Net Assets: $655.8 million    Investment Minimum: $100,000 initial
$100,000 IRA
$250 additional
Benchmark: Merrill Lynch GNMA Master   




  Payden GNMA Morningstar average:
Intermediate Government
Net Expense Ratio: 0.52% 1.06%