Payden & Rygel: Global Low Duration Fund
April 30, 2012
  5/16/2012
Symbol PYGSX
NAV ($) $9.89 Daily NAV change ($) $-0.01



The Payden Global Low Duration Fund seeks to benefit from the opportunities available through broadening the investment universe to include issuers and currencies outside of the US, while avoiding the volatility of longer-maturity bond funds. The fund is primarily comprised of government securities, investment-grade and high-yield corporate bonds, mortgage- and asset-backed securities from US and foreign issuers. The fund will have a minimum of 20% in non-US securities.



Short-Term Global Bond – Appropriate for investors who desire the diversification available from sovereign and corporate debt of global issuers, but want the lower volatility of a short maturity profile.



  • No loads or 12b-1 fees
  • Shorter maturity typically means volatility is less than an intermediate bond fund
  • Ideal for investors with a short to intermediate horizon who want exposure to the global investment universe



Inception Date: Sep 18, 1996      Net Expense Ratio: 0.70%
CUSIP: 704329697    Sales charge: None
Total Net Assets: $65.7 million    Investment Minimum: $5,000 initial
$2,000 IRA
$250 additional
Benchmark: Merrill Lynch 1-3 Year Treasury   




  Payden Global Low Duration Morningstar average:
World Bond
Net Expense Ratio: 0.70% 1.16%