Mutual Fund Insights: Payden US Government Fund (PYUSX)

In-depth Analysis of Payden US Government Fund (PYUSX)

3 months 6 months 1 year 3 year 5 year

See Payden US Government Fund (PYUSX) performance details as of January 31, 2010

  

Last Trade: $11.02 on 3/19/2010, Change: -0.01 (-0.09%)

  

Fund Manager - David P. Ballantine

Fund Manager Tenure: 2.1 years
Fundmojo Fund Grade: B (Score: 0.67)     (What does this score mean?)

Ballantine is a principal and portfolio manager with Payden & Rygel. He has been in Payden & Rygel for 15 years and in the investment management business for 18 years. Prior to joining Payden & Rygel, Ballantine was at the Capital Group in Los Angeles and worked in the fixed-income department at Fidelity Investments. David holds the Chartered Financial Analyst designation.  Get more insights on David P. Ballantine

  

 What we like about Payden US Government Fund (PYUSX)

Data for Payden US Government Fund (PYUSX) as of January 31, 2010

• Payden US Government Fund (PYUSX) has good mid-term performance (3-year return 6.07% vs 4.96% Short Government category average)
• Payden US Government Fund (PYUSX) has good Long-term performance (5-year return 4.61% vs 3.96% Short Government category average)
• Payden US Government Fund (PYUSX) ratio of up-years vs down years is greater than 2
• Payden US Government Fund (PYUSX) has a Morningstar rating of 4 and above
• Payden US Government Fund (PYUSX) has an annual stock turnover rate of 104.00% vs Short Government average of 163.17%. It is good that Payden US Government management does not trade extensively for its return.
• Payden US Government Fund (PYUSX) has a lower management fee than its Short Government average: 0.61% vs 0.87%
• Payden US Government Fund (PYUSX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Payden US Government Fund (PYUSX)

Data for Payden US Government Fund (PYUSX) as of January 31, 2010

• Payden US Government Fund (PYUSX) management has been with Payden US Government Fund for only 2.1 years, it is hard to judge manager's ability based on this fund's operation record
• Payden US Government Fund is a focused fund with 34.47% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Payden US Government Fund (PYUSX) has a less-than-ideal short-term performance (1-year return 3.79% vs 4.21% Short Government category average)
• Payden US Government Fund (PYUSX) is more volatile than its peers as it has a 3-year Standard Deviation of 2.38 that is higher than category average of 2.3

See Payden US Government Fund (PYUSX) performance details as of January 31, 2010

  

  

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Payden US Government Fund (PYUSX) Net Asset

Track net asset change of Payden US Government fund (PYUSX)

Date	Net Asset
01/2010	$101.30M
11/2009	$104.73M
10/2009	$102.36M

More historic net asset information on Payden US Government Fund (PYUSX)

  

Payden US Government Fund (PYUSX) Portfolio Allocation

Track portfolio allocation change of Payden US Government fund (PYUSX)

Date	Cash	Stock	Bond	Other
11/2009	5.59%	0%	93.06%	1.35%
09/2009	4.35%	0%	94.25%	1.39%
08/2009	2.05%	0%	96.53%	1.41%

Click here to see more historic asset allocation information on Payden US Government Fund (PYUSX)

  

Most Recent Top 10 Holdings in Payden US Government Fund (PYUSX)

Discover what Payden US Government Fund (PYUSX) manager is buying

30-Nov-09 Federal Natl Mtg Assn 2.625% [5.85%] FNMA 4.75% [4.21%] Federal Hm Ln Banks 1% [3.85%] FNMA [3.76%] Genl Elec Cap Corp Fdic Tlgp 2.2% [3.14%] Federal Hm Ln Bks [3.07%] Federal Hm Ln Banks 1.625% [2.9%] Federal Farm Cr Bks Global 1.875% [2.64%] FFCB 3.7% [2.57%] FNMA 6% [2.48%]

30-Sep-09 FNMA [5.9%] FNMA 4.75% [4.36%] FHLBA 1.625% [4.03%] Genl Elec Cap Corp Fdic Tlgp 2.2% [3.54%] Federal Hm Ln Bks [3.16%] FHLBA 1.875% [3.02%] FFCB [2.63%] Federal Hm Ln Bks [2.55%] Federal Hm Ln Banks 2% [2.5%] Payden Cash Reserves Money Market [2.43%]

31-Aug-09 FNMA [5.94%] FNMA 4.75% [4.41%] FHLBA 1.625% [4.08%] Genl Elec Cap Corp Fdic Tlgp 2.2% [3.59%] FHLBA [3.18%] FHLBA 1.875% [3.05%] FFCB [2.65%] Federal Hm Ln Bks [2.57%] Federal Hm Ln Banks 2% [2.52%] FNMA 2.5% [2.27%]

Click here for Stock Holding Change Map in Payden US Government Fund (PYUSX)

  

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Books and Resources

 

 

See more information on Payden US Government Fund (PYUSX)

• Payden US Government Fund Insights
• Payden US Government Fund Performance Data
• Payden US Government Fund News
• Payden US Government Fund Score Explaination
• Payden US Government Fund Manager Information
• Historic Payden US Government Fund Asset Allocation Report
• Historic Payden US Government Fund Top 10 Holding Tracking
• Historic Payden US Government Fund Asset Under Management Tracking