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Morningstar

Payden US Government PYUSX

Morningstar Medalist Rating
Medalist Rating as of | See Payden Investment Hub
  • NAV / 1-Day Return 9.23  /  0.25 %
  • Total Assets 60.2 Mil
  • Adj. Expense Ratio
    0.430%
  • Expense Ratio 0.430%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category Short Government
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 3.28%
  • Effective Duration 2.39 years

USD | NAV as of Sep 23, 2023 | 1-Day Return as of Sep 23, 2023, 12:14 AM GMT+0

Morningstar’s Analysis PYUSX

Will PYUSX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PYUSX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the PYUSX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of PYUSX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Payden US Government's Process Pillar is partially offset by an Average People Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PYUSX

More PYUSX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 63
  • Other Holdings 6
  • % Assets in Top 10 Holdings 47.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 2.875%

13.56
8,168,965
Government

United States Treasury Notes 4.25%

7.85
4,729,500
Government

United States Treasury Notes 3.5%

7.26
4,373,350
Government

United States Treasury Notes 4.25%

6.55
3,945,703
Government

United States Treasury Notes 3.625%

6.47
3,895,781
Government

Cash Offset- Futures

6.13
3,689,563
Cash and Equivalents

Bond-Unsettled Sales

4.32
2,602,079
Cash and Equivalents

United States Treasury Notes 3.25%

3.98
2,398,877
Government

Payden Cash Reserves Money Market

3.75
2,257,894
Cash and Equivalents

Federal Home Loan Mortgage Corporation 5%

3.19
1,922,106
Securitized