Prospectus Investor Class [Member] Annual Fund Operating Expenses - Prospectus-Investor Class - Payden High Income Fund - Payden High Income Fund (Investor Class)

Oct. 31, 2025

Management Fees (as a percentage of Assets)

0.35%

Other Expenses (as a percentage of Assets):

0.25%

Acquired Fund Fees and Expenses

0.01%

^[1]

Expenses (as a percentage of Assets)

0.61%

[1]

The Total Annual Fund Operating Expenses in this fee table do not correlate to the ratios of expenses to average net assets given in the Financial Highlights in this Prospectus and in the Fund’s financial statements, which reflect the Fund’s operating expenses but not Acquired Fund Fees and Expenses.