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Payden & Rygel: Limited Maturity Fund
December 31, 2009
  3/9/2010
Symbol PYLMX
NAV ($) $9.39 Daily NAV change ($) $0.00



The Payden Limited Maturity Fund seeks to outperform current money market rates by investing in high quality short-term securities, called ultrashort bonds. The fund is comprised of US Government securities, investment-grade corporate bonds, mortgage/asset-backed securities and money markets.



Appropriate for investors who desire a high degree of liquidity and yields that are above those of money market funds, but can tolerate short-term fluctuations in the net asset value (NAV).



  • Invests in investment quality, short-term securities
  • High average credit quality
  • Low annual expense ratio
  • Seeks to earn a higher yield than a traditional money market fund (1)
(1) This is not a money market fund. The share price will fluctuate.



Inception Date: May 2, 1994      Net Expense Ratio: 0.51%
CUSIP: 704329606    Sales charge: None
Total Net Assets: $101.3 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: 0.51% 0.76%