PYILX Fees and Costs — Payden Emerging Markets Local Bond Fund, (SI Class)
Data updated: 2026-09-23
The net expense ratio is 0.75%: a 0.60% management fee plus 0.50% other expenses, less a 0.35% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $469 in broker commissions, 0.0006% of average net assets.
PYILX Fees and Expenses
Annual operating expenses and sales charges of PYILX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | — |
| Other expenses | 0.50% |
| Gross expense ratio | 1.10% |
| Fee waiver | −0.35% |
| Net expense ratio | 0.75% |
| 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 |
PYILX Costs Over Time
On $10,000 invested in PYILX, assuming 5% a year before costs, total costs come to $472 over 5 years, cutting the return by 0.79% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $259 | $472 |
| Value after costs | $10,421 | $11,318 | $12,291 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
PYILX 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): 0.0006%
- Total broker commissions: $469
- Bought from dealers (principal trades, not a cost): $141.3M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
PYILX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $469 | 100.00% |
PYILX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $19.5M | 16.31% |
| GOLDMAN SACHS & CO. LLC | $18.4M | 15.35% |
| BOFA SECURITIES, INC. | $17.5M | 14.57% |
| CitiGroup Global Markets Inc. | $16.6M | 13.87% |
| STANDARD CHARTERED SECURITIES NORTH AMERICA LLC | $15.8M | 13.19% |
| DEUTSCHE BANK SECURITIES, INC. | $8.4M | 7.00% |
| HSBC SECURITIES (USA), INC. | $7.9M | 6.57% |
| Banco Santander, S.A. | $6.3M | 5.29% |
| BNP PARIBAS SECURITIES CORP. | $5.3M | 4.40% |
| LARRAINVIAL SECURITIES US LLC | $4.1M | 3.45% |
Payden Emerging Markets Local 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 |
|---|---|---|---|
| PYILX | (SI Class) | 0.75% | — |
| PYELX | (Investor 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.