Metzler/Payden Press Releases

Metzler/ Payden Selects Dow Jones Wilshire Ex-Us Real Estate Index As Benchmark For New Fund
May 22, 2007

Alexander Backhaus Joins Metzler/Payden as Chief Operating Officer and Executive Vice President
April 17, 2007

Metzler/Payden Launches Intl Real Estate Fund
February 23, 2007

The Metzler/Payden European Emerging Markets Fund (MPYMX) Appears on Schwab’s Mutual Fund OneSource Select List® for Fourth Quarter 2006
January 9, 2007

Metzler/Payden European Emerging Markets Fund (MPYMX) Reports 46.27% Year-To-Date Return Through December 31, 2006 Assets Passed $250 Million, A Six-Fold Increase In 12 Months
January 9, 2007

Metzler/Payden European Emerging Markets Fund (MPYMX)
Reports 23.11% Year-To-Date Return Through September 30, 2006, Beating Competing Fund Managers By Wide Margin
October 16, 2006

Metzler/Payden European Emerging Markets Fund (MPYMX) Reports 26.08% Return Through July 31, 2006, Beating Competing Fund Managers By Wide Margin
August 21, 2006

Metzler/Payden European Emerging Markets Fund (MPYMX) Earns Four Star Morningstar Rating For Three Years Ended December 31, 2005, And Reports 38.00% Return For 2005
January 12, 2006

Metzler/Payden European Emerging Markets Fund Reports 38.97% Return For First Nine Months Of 2005
November 15, 2005

For inquiries, please contact Kimberly Tipton at 213 830-6621 or ktipton@payden-rygel.com.

Quoted performance data represent past performance, which does not guarantee future results. Investment returns and principal value will fluctuate, so investors' shares when sold, may be worth more or less than their original cost. For the most recent month-end performance, which may be higher or lower than that quoted, browse this website or call 866 673-8637. Investment in foreign securities offers different rewards and challenges from investing in domestic securities, including changes in exchange rates, political changes, and differences in reporting standards, and for emerging-market securities, greater volatility. Before investing, investors should carefully read and consider investment objectives, risks, charges, expenses and other important information, which are contained in the prospectus. For more information and to obtain a prospectus, browse this website or call 866 673-8637. The Metzler/Payden Funds are distributed by Payden & Rygel Distributors, member FINRA.