PYEIX Fees and Costs — Payden Emerging Markets Bond Fund, (SI Class)
Data updated: 2026-09-23
The net expense ratio is 0.69%: a 0.45% management fee plus 0.28% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $14K in broker commissions, 0.0016% of average net assets, and portfolio turnover was 85%.
PYEIX Fees and Expenses
Annual operating expenses and sales charges of PYEIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | — |
| Other expenses | 0.28% |
| Gross expense ratio | 0.73% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.69% |
| 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 |
PYEIX Costs Over Time
On $10,000 invested in PYEIX, assuming 5% a year before costs, total costs come to $435 over 5 years, cutting the return by 0.73% 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 0.69%) | $72 | $227 | $395 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $73 | $239 | $435 |
| Value after costs | $10,427 | $11,338 | $12,328 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
PYEIX 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): 0.0016%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $1.6B
- Portfolio turnover (prospectus): 85%
- Securities on loan, average value: $7.5M
- Net income from securities lending: $53K (0.006% of average net assets)
PYEIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $13K | 90.19% |
| UBS SECURITIES LLC | $1K | 9.81% |
PYEIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $257.0M | 19.94% |
| J.P. Morgan Securities LLC | $204.8M | 15.89% |
| GOLDMAN SACHS & CO. LLC | $159.7M | 12.40% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $130.4M | 10.12% |
| MORGAN STANLEY & CO. LLC | $126.9M | 9.85% |
| HSBC SECURITIES (USA), INC. | $115.6M | 8.97% |
| BOFA SECURITIES, INC. | $93.7M | 7.27% |
| BARCLAYS CAPITAL, INC. | $89.9M | 6.98% |
| WELLS FARGO SECURITIES, LLC | $62.8M | 4.87% |
| JEFFERIES LLC | $47.9M | 3.72% |
Payden Emerging Markets 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 |
|---|---|---|---|
| PYEIX | (SI Class) | 0.69% | — |
| PYEMX | (Investor Class) | 0.73% | — |
| PYEWX | (Adviser Class) | 0.99% | — |
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.