PYLBX Fees and Costs — Payden Limited Maturity Fund, (Adviser Class)
Data updated: 2026-09-23
The net expense ratio is 0.55%: a 0.28% management fee, a 0.25% 12b-1 fee plus 0.18% other expenses, less a 0.16% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 75%.
PYLBX Fees and Expenses
Annual operating expenses and sales charges of PYLBX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.71% |
| Fee waiver | −0.16% |
| Net expense ratio | 0.55% |
| 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 |
PYLBX Costs Over Time
On $10,000 invested in PYLBX, assuming 5% a year before costs, total costs come to $347 over 5 years, cutting the return by 0.58% 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 0.55%) | $58 | $181 | $315 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $190 | $347 |
| Value after costs | $10,442 | $11,386 | $12,416 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
PYLBX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $6.2B
- Portfolio turnover (prospectus): 75%
- Securities on loan, average value: $10.4M
- Net income from securities lending: $39K (0.002% of average net assets)
PYLBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $762.8M | 15.30% |
| GOLDMAN SACHS & CO. LLC | $621.1M | 12.46% |
| TRUIST SECURITIES, INC. | $612.1M | 12.28% |
| BMO CAPITAL MARKETS CORP. | $573.9M | 11.51% |
| J.P. Morgan Securities LLC | $538.7M | 10.81% |
| BARCLAYS CAPITAL, INC. | $504.1M | 10.11% |
| CitiGroup Global Markets Inc. | $483.2M | 9.69% |
| MUFG SECURITIES AMERICAS INC. | $347.9M | 6.98% |
| WELLS FARGO SECURITIES, LLC | $280.9M | 5.63% |
| RBC CAPITAL MARKETS, LLC | $260.6M | 5.23% |
Payden Limited Maturity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PYLSX | (SI Class) | 0.25% | — |
| PYLMX | (Investor Class) | 0.30% | — |
| PYLBX | (Adviser Class) | 0.55% | — |
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.