3 / 5 Stars
3 3 5 5 3
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#34 in Short-Term Bond
U.S. News evaluated 120 Short-Term Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 0.50 percent over the past year, 1.90 percent over the past three years, 3.16 percent over the past five years, and 2.95 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.2%|
|3 Years (Annualized)||1.9%|
|5 Years (Annualized)||3.2%|
|10 Years (Annualized)||3.0%|
The investment seeks a high level of total return that is consistent with preservation of capital. The fund invests in a wide variety of debt instruments and income-producing securities payable primarily in U.S. dollars. It invests at least 75% of its total assets in investment grade debt securities, but may invest up to 25% of its total assets in debt securities rated below investment grade (commonly called "junk bonds"). The fund invests in debt securities of any maturity, although under normal market conditions the fund's maximum average portfolio maturity (on a dollar-weighted basis) is four years. It is non-diversified.
Fees are Below Average compared to funds in the same category.
Payden Low Duration Fund has an expense ratio of 0.51 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.