Payden Tax Exempt Bond
333 S Grand Ave 32nd Fl Los Angeles CA 90071
Map
Phone: 800-572-9336
| Category: | Muni National Interm | | Fund Family: | Paydenfunds | | Net Assets: | 15.86M | | Year-to-Date Return: | 0.77% | | Yield: | 3.52% | | Morningstar Rating: |  | | Fund Inception Date: | 21-Dec-93 |
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Rena Patel
Lead Manager since
22-Dec-99 | | | Patel is vice president. She has been with Payden & Rygel for and in the investment management business for 7 years. Patel holds the Chartered Financial Analyst designation. |
| Min Initial Investment: | $5,000 | | Min Initial Investment, IRA: | $2,000 | | Min Initial Investment, AIP: | $0 | | Min Subsequent Investment: | $250 | | Min Subsequent Investment, IRA: | $250 | | Min Subsequent Investment, AIP: | $0 |
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| The investment seeks income exempt from federal income tax, consistent with preservation of capital. The fund normally invests at least 80% of assets in tax-exempt municipal obligations. The fund may invest up to 20% of total assets in municipal securities that are exempt from federal income tax but are subject to the federal alternative minimum tax. It is nondiversified. |
| Last Dividend
(30-Jun-08):
| 0.03 | | Last Cap Gain
(27-Dec-05):
| 0.02 | | Annual Holdings Turnover
| 12.00% | | Average for Category:
| 40.15% |
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| Expense | PYTEX | Category
Avg | | Total Expense Ratio: | 0.50%
| 0.93% | | Max 12b1 Fee: | 0.00%
| N/A | | Max Front End Sales Load: | 0.00%
| 3.50% | | Max Deferred Sales Load: | 0.00%
| 2.43% | | 3 Yr Expense Projection*: |
$187 | $473 | | 5 Yr Expense Projection*: |
$330 | $711 | | 10 Yr Expense Projection*: |
$745 | $1,390 |
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