# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0000885709-25-000004
**Filing Date:** 2025-12
**Character Count:** 18466
**Document Hash:** a8032dfda2c9110befa90ec75228e25b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000885709-25-000004.hdr.sgml**: 20251216

**ACCESSION NUMBER**: 0000885709-25-000004

**CONFORMED SUBMISSION TYPE**: 24F-2NT

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251216

**DATE AS OF CHANGE**: 20251216

**EFFECTIVENESS DATE**: 20251216

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **CENTRAL INDEX KEY:** 0000885709

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** 24F-2NT
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-46973
- **FILM NUMBER:** 251574091

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 2136251900

**MAIL ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDENFUNDS
- **DATE OF NAME CHANGE:** 20010423

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **DATE OF NAME CHANGE:** 19940104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** P&R INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### Payden Cash Reserves Money Market Fund (Series ID: S000011750)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                              | Ticker Symbol | Class ID   |
| Payden Cash Reserves Money Market Fund (Investor Class) | PBHXX         | C000032175 |

---

### Payden Limited Maturity Fund (Series ID: S000011751)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                    | Ticker Symbol | Class ID   |
| Payden Limited Maturity Fund (Investor Class) | PYLMX         | C000032176 |
| Payden Limited Maturity Fund (SI Class)       | PYLSX         | C000228770 |
| Payden Limited Maturity Fund (Adviser Class)  | PYLBX         | C000246929 |

---

### Payden Low Duration Fund (Series ID: S000011755)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                | Ticker Symbol | Class ID   |
| Payden Low Duration Fund (Investor Class) | PYSBX         | C000032180 |
| Payden Low Duration Fund (SI Class)       | PYLDX         | C000236135 |
| Payden Low Duration Fund (Adviser Class)  | PYLWX         | C000248241 |

---

### Payden U.S. Government Fund (Series ID: S000011758)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                   | Ticker Symbol | Class ID   |
| Payden U.S. Government Fund (Investor Class) | PYUSX         | C000032183 |
| Payden U.S. Government Fund (Adviser Class)  | PYUWX         | C000080934 |

---

### Payden California Municipal Social Impact Fund (Series ID: S000011760)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                                      | Ticker Symbol | Class ID   |
| Payden California Municipal Social Impact Fund (Investor Class) | PYCRX         | C000032185 |
| Payden California Municipal Social Impact Fund (Adviser)        | PYCLX         | C000248242 |

---

### Payden Core Bond Fund (Series ID: S000011761)

---

|  |  |  |
|:---|:---|:---|
| Class Name                             | Ticker Symbol | Class ID   |
| Payden Core Bond Fund (Investor Class) | PYCBX         | C000032186 |
| Payden Core Bond Fund (Adviser Class)  | PYCWX         | C000080936 |
| Payden Core Bond Fund (SI Class)       | PYCSX         | C000198612 |

---

### Payden Emerging Markets Bond Fund (Series ID: S000011762)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                         | Ticker Symbol | Class ID   |
| Payden Emerging Markets Bond Fund (Investor Class) | PYEMX         | C000032187 |
| Payden Emerging Markets Bond Fund (Adviser Class)  | PYEWX         | C000080937 |
| Payden Emerging Markets Bond Fund (SI Class)       | PYEIX         | C000115587 |

---

### Payden Global Fixed Income Fund (Series ID: S000011763)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                       | Ticker Symbol | Class ID   |
| Payden Global Fixed Income Fund (Investor Class) | PYGFX         | C000032188 |
| Payden Global Fixed Income Fund (SI Class)       | PYGIX         | C000228771 |

---

### Payden Global Low Duration Fund (Series ID: S000011764)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                       | Ticker Symbol | Class ID   |
| Payden Global Low Duration Fund (Investor Class) | PYGSX         | C000032189 |

---

### Payden GNMA Fund (Series ID: S000011765)

---

|  |  |  |
|:---|:---|:---|
| Class Name                        | Ticker Symbol | Class ID   |
| Payden GNMA Fund (Investor Class) | PYGNX         | C000032190 |
| Payden GNMA Fund (Adviser Class)  | PYGWX         | C000080938 |

---

### Payden Equity Income Fund (Series ID: S000011766)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                 | Ticker Symbol | Class ID   |
| Payden Equity Income Fund (Investor Class) | PYVLX         | C000032191 |
| Payden Equity Income Fund (Adviser Class)  | PYVAX         | C000110231 |
| Payden Equity Income Fund (SI Class)       | PYVSX         | C000146917 |

---

### Payden High Income Fund (Series ID: S000011767)

---

|  |  |  |
|:---|:---|:---|
| Class Name                               | Ticker Symbol | Class ID   |
| Payden High Income Fund (Investor Class) | PYHRX         | C000032192 |
| Payden High Income Fund (SI Class)       | PYCHX         | C000236136 |
| Payden High Income Fund (Adviser Class)  | PYRLX         | C000248243 |

---

### Payden Managed Income Fund (Series ID: S000022678)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                       | Ticker Symbol | Class ID   |
| Payden Managed Income Fund (SI Class)            | PKBIX         | C000065580 |
| Payden Managed Income Fund (Adviser Class)       | PKCBX         | C000069457 |
| Payden Managed Income Fund (Retirement Class)    | PKCRX         | C000077412 |
| Payden Managed Income Fund (Institutional Class) | PKCIX         | C000172680 |

---

### Payden Corporate Bond Fund (Series ID: S000025162)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                  | Ticker Symbol | Class ID   |
| Payden Corporate Bond Fund (Investor Class) | PYACX         | C000075033 |
| Payden Corporate Bond Fund (SI Class)       | PYCTX         | C000236137 |
| Payden Corporate Bond Fund (Adviser Class)  | PYAYX         | C000248244 |

---

### Payden Emerging Markets Local Bond Fund (Series ID: S000033934)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                               | Ticker Symbol | Class ID   |
| Payden Emerging Markets Local Bond Fund (Investor Class) | PYELX         | C000104641 |
| Payden Emerging Markets Local Bond Fund (Adviser Class)  | PYEAX         | C000106974 |
| Payden Emerging Markets Local Bond Fund (SI Class)       | PYILX         | C000236138 |

---

### Payden Floating Rate Fund (Series ID: S000042521)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                 | Ticker Symbol | Class ID   |
| Payden Floating Rate Fund (Investor Class) | PYFRX         | C000131550 |
| Payden Floating Rate Fund (SI Class)       | PYFIX         | C000136207 |
| Payden Floating Rate Fund (Adviser Class)  | PYBLX         | C000248245 |

---

### Payden Emerging Markets Corporate Bond Fund (Series ID: S000042522)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                                   | Ticker Symbol | Class ID   |
| Payden Emerging Markets Corporate Bond Fund (Investor Class) | PYCEX         | C000131551 |
| Payden Emerging Markets Corporate Bond Fund (Adviser Class)  | PYCAX         | C000136208 |
| Payden Emerging Markets Corporate Bond Fund (SI Class)       | PYCIX         | C000136209 |

---

### Payden Strategic Income Fund (Series ID: S000045226)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                    | Ticker Symbol | Class ID   |
| Payden Strategic Income Fund (Investor Class) | PYSGX         | C000140807 |
| Payden Strategic Income Fund (SI Class)       | PYSIX         | C000140808 |
| Payden Strategic Income Fund (Adviser Class)  | PYSLX         | C000248246 |

---

### Payden Absolute Return Bond Fund (Series ID: S000047032)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                        | Ticker Symbol | Class ID   |
| Payden Absolute Return Bond Fund (Investor Class) | PYARX         | C000146994 |
| Payden Absolute Return Bond Fund (SI Class)       | PYAIX         | C000146996 |
| Payden Absolute Return Bond Fund (Adviser Class)  | PYABX         | C000248247 |

---

### Payden Securitized Income Fund (Series ID: S000076847)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                      | Ticker Symbol | Class ID   |
| Payden Securitized Income Fund (Investor Class) | PYSFX         | C000236944 |
| Payden Securitized Income Fund (SI Class)       | PYSCX         | C000236945 |

---

## Series and Classes Contracts Data

### Payden Cash Reserves Money Market Fund (Series ID: S000011750)

| Class ID   | Class Name                                              | Ticker Symbol   |
|:---|:---|:---|
| C000032175 | Payden Cash Reserves Money Market Fund (Investor Class) | PBHXX           |

### Payden Limited Maturity Fund (Series ID: S000011751)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000032176 | Payden Limited Maturity Fund (Investor Class) | PYLMX           |
| C000228770 | Payden Limited Maturity Fund (SI Class)       | PYLSX           |
| C000246929 | Payden Limited Maturity Fund (Adviser Class)  | PYLBX           |

### Payden Low Duration Fund (Series ID: S000011755)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000032180 | Payden Low Duration Fund (Investor Class) | PYSBX           |
| C000236135 | Payden Low Duration Fund (SI Class)       | PYLDX           |
| C000248241 | Payden Low Duration Fund (Adviser Class)  | PYLWX           |

### Payden U.S. Government Fund (Series ID: S000011758)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000032183 | Payden U.S. Government Fund (Investor Class) | PYUSX           |
| C000080934 | Payden U.S. Government Fund (Adviser Class)  | PYUWX           |

### Payden California Municipal Social Impact Fund (Series ID: S000011760)

| Class ID   | Class Name                                                      | Ticker Symbol   |
|:---|:---|:---|
| C000032185 | Payden California Municipal Social Impact Fund (Investor Class) | PYCRX           |
| C000248242 | Payden California Municipal Social Impact Fund (Adviser)        | PYCLX           |

### Payden Core Bond Fund (Series ID: S000011761)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000032186 | Payden Core Bond Fund (Investor Class) | PYCBX           |
| C000080936 | Payden Core Bond Fund (Adviser Class)  | PYCWX           |
| C000198612 | Payden Core Bond Fund (SI Class)       | PYCSX           |

### Payden Emerging Markets Bond Fund (Series ID: S000011762)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000032187 | Payden Emerging Markets Bond Fund (Investor Class) | PYEMX           |
| C000080937 | Payden Emerging Markets Bond Fund (Adviser Class)  | PYEWX           |
| C000115587 | Payden Emerging Markets Bond Fund (SI Class)       | PYEIX           |

### Payden Global Fixed Income Fund (Series ID: S000011763)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000032188 | Payden Global Fixed Income Fund (Investor Class) | PYGFX           |
| C000228771 | Payden Global Fixed Income Fund (SI Class)       | PYGIX           |

### Payden Global Low Duration Fund (Series ID: S000011764)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000032189 | Payden Global Low Duration Fund (Investor Class) | PYGSX           |

### Payden GNMA Fund (Series ID: S000011765)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000032190 | Payden GNMA Fund (Investor Class) | PYGNX           |
| C000080938 | Payden GNMA Fund (Adviser Class)  | PYGWX           |

### Payden Equity Income Fund (Series ID: S000011766)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000032191 | Payden Equity Income Fund (Investor Class) | PYVLX           |
| C000110231 | Payden Equity Income Fund (Adviser Class)  | PYVAX           |
| C000146917 | Payden Equity Income Fund (SI Class)       | PYVSX           |

### Payden High Income Fund (Series ID: S000011767)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000032192 | Payden High Income Fund (Investor Class) | PYHRX           |
| C000236136 | Payden High Income Fund (SI Class)       | PYCHX           |
| C000248243 | Payden High Income Fund (Adviser Class)  | PYRLX           |

### Payden Managed Income Fund (Series ID: S000022678)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000065580 | Payden Managed Income Fund (SI Class)            | PKBIX           |
| C000069457 | Payden Managed Income Fund (Adviser Class)       | PKCBX           |
| C000077412 | Payden Managed Income Fund (Retirement Class)    | PKCRX           |
| C000172680 | Payden Managed Income Fund (Institutional Class) | PKCIX           |

### Payden Corporate Bond Fund (Series ID: S000025162)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000075033 | Payden Corporate Bond Fund (Investor Class) | PYACX           |
| C000236137 | Payden Corporate Bond Fund (SI Class)       | PYCTX           |
| C000248244 | Payden Corporate Bond Fund (Adviser Class)  | PYAYX           |

### Payden Emerging Markets Local Bond Fund (Series ID: S000033934)

| Class ID   | Class Name                                               | Ticker Symbol   |
|:---|:---|:---|
| C000104641 | Payden Emerging Markets Local Bond Fund (Investor Class) | PYELX           |
| C000106974 | Payden Emerging Markets Local Bond Fund (Adviser Class)  | PYEAX           |
| C000236138 | Payden Emerging Markets Local Bond Fund (SI Class)       | PYILX           |

### Payden Floating Rate Fund (Series ID: S000042521)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000131550 | Payden Floating Rate Fund (Investor Class) | PYFRX           |
| C000136207 | Payden Floating Rate Fund (SI Class)       | PYFIX           |
| C000248245 | Payden Floating Rate Fund (Adviser Class)  | PYBLX           |

### Payden Emerging Markets Corporate Bond Fund (Series ID: S000042522)

| Class ID   | Class Name                                                   | Ticker Symbol   |
|:---|:---|:---|
| C000131551 | Payden Emerging Markets Corporate Bond Fund (Investor Class) | PYCEX           |
| C000136208 | Payden Emerging Markets Corporate Bond Fund (Adviser Class)  | PYCAX           |
| C000136209 | Payden Emerging Markets Corporate Bond Fund (SI Class)       | PYCIX           |

### Payden Strategic Income Fund (Series ID: S000045226)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000140807 | Payden Strategic Income Fund (Investor Class) | PYSGX           |
| C000140808 | Payden Strategic Income Fund (SI Class)       | PYSIX           |
| C000248246 | Payden Strategic Income Fund (Adviser Class)  | PYSLX           |

### Payden Absolute Return Bond Fund (Series ID: S000047032)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000146994 | Payden Absolute Return Bond Fund (Investor Class) | PYARX           |
| C000146996 | Payden Absolute Return Bond Fund (SI Class)       | PYAIX           |
| C000248247 | Payden Absolute Return Bond Fund (Adviser Class)  | PYABX           |

### Payden Securitized Income Fund (Series ID: S000076847)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000236944 | Payden Securitized Income Fund (Investor Class) | PYSFX           |
| C000236945 | Payden Securitized Income Fund (SI Class)       | PYSCX           |

## FORM 24F-2NT: Annual Notice of Securities Sold Pursuant to Rule 24f-2

### 24F-2NT: Filer Information

**Filer CIK:** 0000885709

**Is this a LIVE or TEST Filing?:** LIVE

**Filer Investment Company Type:** N-1A

### 24F-2NT: Annual Filing Information

**1. Name and address of issuer:**

- **Name of Issuer:** PAYDEN & RYGEL INVESTMENT GROUP

- **Address:** 333 S Grand Ave, Los Angeles, CA 90071

**2. The Name and EDGAR Identifier of each series or class of securities for which this Form is filed:**

- [ ] Check box if the Form is being filed for all series and classes of the issuer.

**3. Investment Company Act File Number:** 811-6625

   **Securities Act File Number:** 033-46973

**4(a). Last day of fiscal year for which this Form is filed:** 10/31/2025

**4(b). Check box if this Form is being filed late:** [ ]

**4(c). Check box if this is the last time the issuer will be filing this Form:** [ ]

**5. Calculation of registration fee:**

- **(i) Aggregate sale price of securities sold during the fiscal year:** $47269441000.00

- **(ii) Aggregate price of securities redeemed or repurchased during the fiscal year:** $46822950000.00

- **(iii) Aggregate price of securities redeemed or repurchased during any prior fiscal year:** $1633798000.00

- **(iv) Total available redemption credits [add Items 5(ii) and 5(iii)]:** $48456748000.00

- **(v) Net sales:** $0.00

- **(vi) Redemption credits available for use in future years:** $-1187307000.00

- **(vii) Multiplier for determining registration fee:** 0.0001381

- **(viii) Registration fee due:** $0.00

**Signatures**

**Name and Title:** Randall Brown, Accounting Manager

**Date:** 12/16/2025

**Signature:** Randall Brown