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Payden GNMA

PYGNX
9.80
-0.01
-0.07%
5/27/2016
5 Years
  • Previous Close

    9.81

  • Net Assets

    256.18M

  • Yield

    3.17%

  • Front load

    None

  • Expenses

    0.50%

  • Category

    Intermediate Government

  • Morningstar Risk

    Average

  • Morningstar Rating ★★★★
Profile

Name of Issuer

Paydenfunds

Fund Style

Open

Fund Manager

David Ballantine

Investment Style

-

The investment seeks a high level of total return that is consistent with preservation of capital. The fund invests at least 80% of its total assets in Government National Mortgage Association mortgage-backed securities, which are debt securities representing part ownership in a pool of mortgage loans backed by the full faith and credit of the U.S. government. It invests the balance of its assets primarily in other "U.S. government Obligations," which are defined as U.S. Treasury bills, notes and bonds, and other bonds and mortgage-backed securities issued or guaranteed by the U.S. government, or by Government sponsored enterprises. It is non-diversified.

Purchase Information

Initial Purchase 100,000
Initial Purchase: IRA 100,000
Initial Purchase: AIP 100,000

Inception

8/27/1999

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