PYCWX Fees and Costs — Payden Core Bond Fund, (Adviser Class)
Data updated: 2026-09-23
The net expense ratio is 0.80%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $89K in broker commissions, 0.0102% of average net assets, and portfolio turnover was 118%.
PYCWX Fees and Expenses
Annual operating expenses and sales charges of PYCWX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.80% |
| Fee waiver | — |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PYCWX Costs Over Time
On $10,000 invested in PYCWX, assuming 5% a year before costs, total costs come to $509 over 5 years, cutting the return by 0.85% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $85 | $279 | $509 |
| Value after costs | $10,415 | $11,297 | $12,254 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
PYCWX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0102%
- Total broker commissions: $89K
- Bought from dealers (principal trades, not a cost): $1.9B
- Portfolio turnover (prospectus): 118%
- Securities on loan, average value: $5.0M
- Net income from securities lending: $38K (0.004% of average net assets)
PYCWX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $86K | 96.05% |
| CITIGROUP GLOBAL MARKETS INC. | $3K | 3.51% |
| UBS SECURITIES LLC | $337 | 0.38% |
| J.P. MORGAN SECURITIES LLC | $65 | 0.07% |
PYCWX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $286.1M | 17.84% |
| GOLDMAN SACHS & CO. LLC | $215.7M | 13.44% |
| J.P. Morgan Securities LLC | $199.3M | 12.42% |
| MORGAN STANLEY & CO. LLC | $179.3M | 11.18% |
| BARCLAYS CAPITAL, INC. | $164.2M | 10.24% |
| CitiGroup Global Markets Inc. | $123.1M | 7.67% |
| RBC CAPITAL MARKETS, LLC | $118.3M | 7.37% |
| TRUIST SECURITIES, INC. | $115.0M | 7.17% |
| BMO CAPITAL MARKETS CORP. | $113.8M | 7.10% |
| MUFG SECURITIES AMERICAS INC. | $89.4M | 5.58% |
Payden Core Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PYCSX | (SI Class) | 0.44% | — |
| PYCBX | (Investor Class) | 0.55% | — |
| PYCWX | (Adviser Class) | 0.80% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.