PYGSX Fees and Costs — Payden Global Low Duration Fund, (Investor Class)
Data updated: 2026-09-23
The net expense ratio is 0.53% (0.92% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0066% of average net assets, and portfolio turnover was 142%.
PYGSX Fees and Expenses
Annual operating expenses and sales charges of PYGSX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | — |
| Other expenses | 0.62% |
| Gross expense ratio | 0.92% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.53% |
| 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 |
PYGSX Costs Over Time
On $10,000 invested in PYGSX, assuming 5% a year before costs, total costs come to $339 over 5 years, cutting the return by 0.56% 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 0.53%) | $56 | $174 | $304 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $185 | $339 |
| Value after costs | $10,444 | $11,391 | $12,424 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
PYGSX 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): 0.0066%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $55.0M
- Portfolio turnover (prospectus): 142%
- Securities on loan, average value: $691K
- Net income from securities lending: $18K (0.042% of average net assets)
PYGSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $3K | 100.00% |
PYGSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $10.7M | 24.97% |
| J.P. Morgan Securities LLC | $6.0M | 14.08% |
| MORGAN STANLEY & CO. LLC | $4.6M | 10.79% |
| GOLDMAN SACHS & CO. LLC | $4.1M | 9.55% |
| BMO CAPITAL MARKETS CORP. | $3.6M | 8.44% |
| RBC CAPITAL MARKETS, LLC | $3.0M | 7.04% |
| BNP PARIBAS SECURITIES CORP. | $2.9M | 6.80% |
| BARCLAYS CAPITAL, INC. | $2.9M | 6.72% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $2.5M | 5.94% |
| TD SECURITIES (USA) LLC | $2.4M | 5.68% |
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.