PYGIX Fees and Costs — Payden Global Fixed Income Fund, (SI Class)
Data updated: 2026-09-23
The net expense ratio is 0.57% (0.70% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $18K in broker commissions, 0.0121% of average net assets, and portfolio turnover was 82%.
PYGIX Fees and Expenses
Annual operating expenses and sales charges of PYGIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | — |
| Other expenses | 0.38% |
| Gross expense ratio | 0.70% |
| Fee waiver | −0.13% |
| Net expense ratio | 0.57% |
| 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 |
PYGIX Costs Over Time
On $10,000 invested in PYGIX, assuming 5% a year before costs, total costs come to $367 over 5 years, cutting the return by 0.61% 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 0.57%) | $60 | $188 | $327 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $9 | $34 |
| Total costs | $61 | $201 | $367 |
| Value after costs | $10,439 | $11,375 | $12,396 |
| Impact on return, per year | 0.61% | 0.61% | 0.61% |
PYGIX 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): 0.0121%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $173.9M
- Portfolio turnover (prospectus): 82%
- Securities on loan, average value: $796K
- Net income from securities lending: $4K (0.003% of average net assets)
PYGIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $18K | 99.94% |
| J.P. MORGAN SECURITIES LLC | $10 | 0.06% |
PYGIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $26.0M | 22.82% |
| CitiGroup Global Markets Inc. | $20.6M | 18.04% |
| J.P. Morgan Securities LLC | $15.3M | 13.44% |
| BOFA SECURITIES, INC. | $10.0M | 8.73% |
| GOLDMAN SACHS & CO. LLC | $9.1M | 8.02% |
| MUFG SECURITIES AMERICAS INC. | $7.9M | 6.95% |
| DAIWA CAPITAL MARKETS AMERICA, INC. | $6.6M | 5.78% |
| BNP PARIBAS SECURITIES CORP. | $6.3M | 5.48% |
| BARCLAYS CAPITAL, INC. | $6.2M | 5.44% |
| HSBC SECURITIES (USA), INC. | $6.1M | 5.31% |
Payden Global Fixed Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PYGIX | (SI Class) | 0.57% | — |
| PYGFX | (Investor Class) | 0.70% | — |
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.