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			<link:definition>610002 - Disclosure - Prospectus Investor Class [Member] Investment Objectives and Goals</link:definition>
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			<link:definition>610005 - Disclosure - Prospectus Investor Class [Member] Investment Risks</link:definition>
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			<link:definition>610006 - Disclosure - Prospectus Investor Class [Member] Performance Management</link:definition>
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			<link:definition>620050 - Disclosure - Prospectus Investor Class [Member] Annual Total Returns</link:definition>
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			<link:definition>620060 - Disclosure - Prospectus Investor Class [Member] Average Annual Total Returns</link:definition>
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			<link:definition>620070 - Disclosure - Prospectus Investor Class [Member] Market Index Performance</link:definition>
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			<link:definition>710002 - Disclosure - Prospectus Investor Class [Member] Investment Objectives and Goals</link:definition>
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			<link:definition>710005 - Disclosure - Prospectus Investor Class [Member] Investment Risks</link:definition>
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			<link:definition>710006 - Disclosure - Prospectus Investor Class [Member] Performance Management</link:definition>
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			<link:definition>720020 - Disclosure - Prospectus Investor Class [Member] Annual Fund Operating Expenses</link:definition>
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			<link:definition>720030 - Disclosure - Prospectus Investor Class [Member] Expense Example</link:definition>
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			<link:definition>720045 - Disclosure - Prospectus Investor Class [Member] Risks Data</link:definition>
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			<link:definition>720050 - Disclosure - Prospectus Investor Class [Member] Annual Total Returns</link:definition>
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			<link:definition>720060 - Disclosure - Prospectus Investor Class [Member] Average Annual Total Returns</link:definition>
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		<link:roleType roleURI="http://www.payden.com/7/role/MarketIndexPerformanceData" id="wwwpaydencom_7_MarketIndexPerformanceData">
			<link:definition>720070 - Disclosure - Prospectus Investor Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/7/role/N1aCover" id="wwwpaydencom_7_N1aCover">
			<link:definition>710000 - Disclosure - Prospectus Investor Class [Member] N-1A Cover</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/7/role/N1aSupplement" id="wwwpaydencom_7_N1aSupplement">
			<link:definition>710001 - Disclosure - Prospectus Investor Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/8/role/RiskReturn" id="wwwpaydencom_8_RiskReturn">
			<link:definition>810002 - Disclosure - Prospectus Investor Class [Member] Investment Objectives and Goals</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/8/role/FeesAndExpenses" id="wwwpaydencom_8_FeesAndExpenses">
			<link:definition>810003 - Disclosure - Prospectus Investor Class [Member] Fees and Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/8/role/InvestmentStrategy" id="wwwpaydencom_8_InvestmentStrategy">
			<link:definition>810004 - Disclosure - Prospectus Investor Class [Member] Investment Strategy</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/8/role/InvestmentRisks" id="wwwpaydencom_8_InvestmentRisks">
			<link:definition>810005 - Disclosure - Prospectus Investor Class [Member] Investment Risks</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/8/role/PerformanceManagement" id="wwwpaydencom_8_PerformanceManagement">
			<link:definition>810006 - Disclosure - Prospectus Investor Class [Member] Performance Management</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/8/role/ShareholderFeesData" id="wwwpaydencom_8_ShareholderFeesData">
			<link:definition>820010 - Disclosure - Prospectus Investor Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/8/role/OperatingExpensesData" id="wwwpaydencom_8_OperatingExpensesData">
			<link:definition>820020 - Disclosure - Prospectus Investor Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/8/role/ExpenseExample" id="wwwpaydencom_8_ExpenseExample">
			<link:definition>820030 - Disclosure - Prospectus Investor Class [Member] Expense Example</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/8/role/ExpenseExampleNoRedemption" id="wwwpaydencom_8_ExpenseExampleNoRedemption">
			<link:definition>820040 - Disclosure - Prospectus Investor Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/8/role/RiskTableData" id="wwwpaydencom_8_RiskTableData">
			<link:definition>820045 - Disclosure - Prospectus Investor Class [Member] Risks Data</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/8/role/BarChartData" id="wwwpaydencom_8_BarChartData">
			<link:definition>820050 - Disclosure - Prospectus Investor Class [Member] Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/8/role/PerformanceTableData" id="wwwpaydencom_8_PerformanceTableData">
			<link:definition>820060 - Disclosure - Prospectus Investor Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/8/role/MarketIndexPerformanceData" id="wwwpaydencom_8_MarketIndexPerformanceData">
			<link:definition>820070 - Disclosure - Prospectus Investor Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/8/role/N1aCover" id="wwwpaydencom_8_N1aCover">
			<link:definition>810000 - Disclosure - Prospectus Investor Class [Member] N-1A Cover</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/8/role/N1aSupplement" id="wwwpaydencom_8_N1aSupplement">
			<link:definition>810001 - Disclosure - Prospectus Investor Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/9/role/RiskReturn" id="wwwpaydencom_9_RiskReturn">
			<link:definition>910002 - Disclosure - Prospectus Investor Class [Member] Investment Objectives and Goals</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/9/role/FeesAndExpenses" id="wwwpaydencom_9_FeesAndExpenses">
			<link:definition>910003 - Disclosure - Prospectus Investor Class [Member] Fees and Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/9/role/InvestmentStrategy" id="wwwpaydencom_9_InvestmentStrategy">
			<link:definition>910004 - Disclosure - Prospectus Investor Class [Member] Investment Strategy</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/9/role/InvestmentRisks" id="wwwpaydencom_9_InvestmentRisks">
			<link:definition>910005 - Disclosure - Prospectus Investor Class [Member] Investment Risks</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/9/role/PerformanceManagement" id="wwwpaydencom_9_PerformanceManagement">
			<link:definition>910006 - Disclosure - Prospectus Investor Class [Member] Performance Management</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/9/role/ShareholderFeesData" id="wwwpaydencom_9_ShareholderFeesData">
			<link:definition>920010 - Disclosure - Prospectus Investor Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/9/role/OperatingExpensesData" id="wwwpaydencom_9_OperatingExpensesData">
			<link:definition>920020 - Disclosure - Prospectus Investor Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/9/role/ExpenseExample" id="wwwpaydencom_9_ExpenseExample">
			<link:definition>920030 - Disclosure - Prospectus Investor Class [Member] Expense Example</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/9/role/ExpenseExampleNoRedemption" id="wwwpaydencom_9_ExpenseExampleNoRedemption">
			<link:definition>920040 - Disclosure - Prospectus Investor Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/9/role/RiskTableData" id="wwwpaydencom_9_RiskTableData">
			<link:definition>920045 - Disclosure - Prospectus Investor Class [Member] Risks Data</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/9/role/BarChartData" id="wwwpaydencom_9_BarChartData">
			<link:definition>920050 - Disclosure - Prospectus Investor Class [Member] Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/9/role/PerformanceTableData" id="wwwpaydencom_9_PerformanceTableData">
			<link:definition>920060 - Disclosure - Prospectus Investor Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/9/role/MarketIndexPerformanceData" id="wwwpaydencom_9_MarketIndexPerformanceData">
			<link:definition>920070 - Disclosure - Prospectus Investor Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/9/role/N1aCover" id="wwwpaydencom_9_N1aCover">
			<link:definition>910000 - Disclosure - Prospectus Investor Class [Member] N-1A Cover</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/9/role/N1aSupplement" id="wwwpaydencom_9_N1aSupplement">
			<link:definition>910001 - Disclosure - Prospectus Investor Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/10/role/RiskReturn" id="wwwpaydencom_10_RiskReturn">
			<link:definition>1010002 - Disclosure - Prospectus Investor Class [Member] Investment Objectives and Goals</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/10/role/FeesAndExpenses" id="wwwpaydencom_10_FeesAndExpenses">
			<link:definition>1010003 - Disclosure - Prospectus Investor Class [Member] Fees and Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/10/role/InvestmentStrategy" id="wwwpaydencom_10_InvestmentStrategy">
			<link:definition>1010004 - Disclosure - Prospectus Investor Class [Member] Investment Strategy</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/10/role/InvestmentRisks" id="wwwpaydencom_10_InvestmentRisks">
			<link:definition>1010005 - Disclosure - Prospectus Investor Class [Member] Investment Risks</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/10/role/PerformanceManagement" id="wwwpaydencom_10_PerformanceManagement">
			<link:definition>1010006 - Disclosure - Prospectus Investor Class [Member] Performance Management</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/10/role/ShareholderFeesData" id="wwwpaydencom_10_ShareholderFeesData">
			<link:definition>1020010 - Disclosure - Prospectus Investor Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/10/role/OperatingExpensesData" id="wwwpaydencom_10_OperatingExpensesData">
			<link:definition>1020020 - Disclosure - Prospectus Investor Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/10/role/ExpenseExample" id="wwwpaydencom_10_ExpenseExample">
			<link:definition>1020030 - Disclosure - Prospectus Investor Class [Member] Expense Example</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/10/role/ExpenseExampleNoRedemption" id="wwwpaydencom_10_ExpenseExampleNoRedemption">
			<link:definition>1020040 - Disclosure - Prospectus Investor Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/10/role/RiskTableData" id="wwwpaydencom_10_RiskTableData">
			<link:definition>1020045 - Disclosure - Prospectus Investor Class [Member] Risks Data</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/10/role/BarChartData" id="wwwpaydencom_10_BarChartData">
			<link:definition>1020050 - Disclosure - Prospectus Investor Class [Member] Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/10/role/PerformanceTableData" id="wwwpaydencom_10_PerformanceTableData">
			<link:definition>1020060 - Disclosure - Prospectus Investor Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/10/role/MarketIndexPerformanceData" id="wwwpaydencom_10_MarketIndexPerformanceData">
			<link:definition>1020070 - Disclosure - Prospectus Investor Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/10/role/N1aCover" id="wwwpaydencom_10_N1aCover">
			<link:definition>1010000 - Disclosure - Prospectus Investor Class [Member] N-1A Cover</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/10/role/N1aSupplement" id="wwwpaydencom_10_N1aSupplement">
			<link:definition>1010001 - Disclosure - Prospectus Investor Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/11/role/RiskReturn" id="wwwpaydencom_11_RiskReturn">
			<link:definition>1110002 - Disclosure - Prospectus Investor Class [Member] Investment Objectives and Goals</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/11/role/FeesAndExpenses" id="wwwpaydencom_11_FeesAndExpenses">
			<link:definition>1110003 - Disclosure - Prospectus Investor Class [Member] Fees and Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/11/role/InvestmentStrategy" id="wwwpaydencom_11_InvestmentStrategy">
			<link:definition>1110004 - Disclosure - Prospectus Investor Class [Member] Investment Strategy</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/11/role/InvestmentRisks" id="wwwpaydencom_11_InvestmentRisks">
			<link:definition>1110005 - Disclosure - Prospectus Investor Class [Member] Investment Risks</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/11/role/PerformanceManagement" id="wwwpaydencom_11_PerformanceManagement">
			<link:definition>1110006 - Disclosure - Prospectus Investor Class [Member] Performance Management</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/11/role/ShareholderFeesData" id="wwwpaydencom_11_ShareholderFeesData">
			<link:definition>1120010 - Disclosure - Prospectus Investor Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/11/role/OperatingExpensesData" id="wwwpaydencom_11_OperatingExpensesData">
			<link:definition>1120020 - Disclosure - Prospectus Investor Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1120030 - Disclosure - Prospectus Investor Class [Member] Expense Example</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1120040 - Disclosure - Prospectus Investor Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1120045 - Disclosure - Prospectus Investor Class [Member] Risks Data</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1120050 - Disclosure - Prospectus Investor Class [Member] Annual Total Returns</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1120060 - Disclosure - Prospectus Investor Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1120070 - Disclosure - Prospectus Investor Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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			<link:definition>1110000 - Disclosure - Prospectus Investor Class [Member] N-1A Cover</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1110001 - Disclosure - Prospectus Investor Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1210002 - Disclosure - Prospectus Investor Class [Member] Investment Objectives and Goals</link:definition>
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			<link:definition>1210003 - Disclosure - Prospectus Investor Class [Member] Fees and Expenses</link:definition>
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			<link:definition>1210004 - Disclosure - Prospectus Investor Class [Member] Investment Strategy</link:definition>
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			<link:definition>1210005 - Disclosure - Prospectus Investor Class [Member] Investment Risks</link:definition>
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			<link:definition>1210006 - Disclosure - Prospectus Investor Class [Member] Performance Management</link:definition>
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			<link:definition>1220010 - Disclosure - Prospectus Investor Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>1220020 - Disclosure - Prospectus Investor Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1220030 - Disclosure - Prospectus Investor Class [Member] Expense Example</link:definition>
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			<link:definition>1220040 - Disclosure - Prospectus Investor Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1220045 - Disclosure - Prospectus Investor Class [Member] Risks Data</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1220050 - Disclosure - Prospectus Investor Class [Member] Annual Total Returns</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1220060 - Disclosure - Prospectus Investor Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1220070 - Disclosure - Prospectus Investor Class [Member] Market Index Performance</link:definition>
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			<link:definition>1210000 - Disclosure - Prospectus Investor Class [Member] N-1A Cover</link:definition>
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			<link:definition>1210001 - Disclosure - Prospectus Investor Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>1310002 - Disclosure - Prospectus Investor Class [Member] Investment Objectives and Goals</link:definition>
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			<link:definition>1310003 - Disclosure - Prospectus Investor Class [Member] Fees and Expenses</link:definition>
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			<link:definition>1310004 - Disclosure - Prospectus Investor Class [Member] Investment Strategy</link:definition>
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			<link:definition>1310005 - Disclosure - Prospectus Investor Class [Member] Investment Risks</link:definition>
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			<link:definition>1310006 - Disclosure - Prospectus Investor Class [Member] Performance Management</link:definition>
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			<link:definition>1320010 - Disclosure - Prospectus Investor Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>1320020 - Disclosure - Prospectus Investor Class [Member] Annual Fund Operating Expenses</link:definition>
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			<link:definition>1320030 - Disclosure - Prospectus Investor Class [Member] Expense Example</link:definition>
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			<link:definition>1320040 - Disclosure - Prospectus Investor Class [Member] Expense Example, No Redemption</link:definition>
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			<link:definition>1320045 - Disclosure - Prospectus Investor Class [Member] Risks Data</link:definition>
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			<link:definition>1320050 - Disclosure - Prospectus Investor Class [Member] Annual Total Returns</link:definition>
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			<link:definition>1320060 - Disclosure - Prospectus Investor Class [Member] Average Annual Total Returns</link:definition>
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			<link:definition>1320070 - Disclosure - Prospectus Investor Class [Member] Market Index Performance</link:definition>
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			<link:definition>1310000 - Disclosure - Prospectus Investor Class [Member] N-1A Cover</link:definition>
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			<link:definition>1310001 - Disclosure - Prospectus Investor Class [Member] N-1A Supplement</link:definition>
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			<link:definition>1410002 - Disclosure - One Year Fee Waiver Or Expense Reimbursement [Member] Investment Objectives and Goals</link:definition>
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			<link:definition>1410003 - Disclosure - One Year Fee Waiver Or Expense Reimbursement [Member] Fees and Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>1410004 - Disclosure - One Year Fee Waiver Or Expense Reimbursement [Member] Investment Strategy</link:definition>
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			<link:definition>1410005 - Disclosure - One Year Fee Waiver Or Expense Reimbursement [Member] Investment Risks</link:definition>
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			<link:definition>1410006 - Disclosure - One Year Fee Waiver Or Expense Reimbursement [Member] Performance Management</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>1420010 - Disclosure - One Year Fee Waiver Or Expense Reimbursement [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>1420020 - Disclosure - One Year Fee Waiver Or Expense Reimbursement [Member] Annual Fund Operating Expenses</link:definition>
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			<link:definition>1420030 - Disclosure - One Year Fee Waiver Or Expense Reimbursement [Member] Expense Example</link:definition>
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			<link:definition>1420040 - Disclosure - One Year Fee Waiver Or Expense Reimbursement [Member] Expense Example, No Redemption</link:definition>
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			<link:definition>1420045 - Disclosure - One Year Fee Waiver Or Expense Reimbursement [Member] Risks Data</link:definition>
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			<link:definition>1420050 - Disclosure - One Year Fee Waiver Or Expense Reimbursement [Member] Annual Total Returns</link:definition>
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			<link:definition>1420060 - Disclosure - One Year Fee Waiver Or Expense Reimbursement [Member] Average Annual Total Returns</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1420070 - Disclosure - One Year Fee Waiver Or Expense Reimbursement [Member] Market Index Performance</link:definition>
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			<link:definition>1410000 - Disclosure - One Year Fee Waiver Or Expense Reimbursement [Member] N-1A Cover</link:definition>
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			<link:definition>1510003 - Disclosure - Prospectus Investor Class [Member] Fees and Expenses</link:definition>
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			<link:definition>1510004 - Disclosure - Prospectus Investor Class [Member] Investment Strategy</link:definition>
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			<link:definition>1510005 - Disclosure - Prospectus Investor Class [Member] Investment Risks</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1510006 - Disclosure - Prospectus Investor Class [Member] Performance Management</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1520010 - Disclosure - Prospectus Investor Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1520020 - Disclosure - Prospectus Investor Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1520030 - Disclosure - Prospectus Investor Class [Member] Expense Example</link:definition>
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			<link:definition>1520040 - Disclosure - Prospectus Investor Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1520045 - Disclosure - Prospectus Investor Class [Member] Risks Data</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1520050 - Disclosure - Prospectus Investor Class [Member] Annual Total Returns</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1520060 - Disclosure - Prospectus Investor Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1520070 - Disclosure - Prospectus Investor Class [Member] Market Index Performance</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1510000 - Disclosure - Prospectus Investor Class [Member] N-1A Cover</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/15/role/N1aSupplement" id="wwwpaydencom_15_N1aSupplement">
			<link:definition>1510001 - Disclosure - Prospectus Investor Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1610002 - Disclosure - Prospectus Investor Class [Member] Investment Objectives and Goals</link:definition>
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			<link:definition>1610003 - Disclosure - Prospectus Investor Class [Member] Fees and Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>1610004 - Disclosure - Prospectus Investor Class [Member] Investment Strategy</link:definition>
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			<link:definition>1610005 - Disclosure - Prospectus Investor Class [Member] Investment Risks</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>1610006 - Disclosure - Prospectus Investor Class [Member] Performance Management</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1620010 - Disclosure - Prospectus Investor Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1620020 - Disclosure - Prospectus Investor Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1620030 - Disclosure - Prospectus Investor Class [Member] Expense Example</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>1620040 - Disclosure - Prospectus Investor Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1620045 - Disclosure - Prospectus Investor Class [Member] Risks Data</link:definition>
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			<link:definition>1620050 - Disclosure - Prospectus Investor Class [Member] Annual Total Returns</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1620060 - Disclosure - Prospectus Investor Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>1620070 - Disclosure - Prospectus Investor Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1610000 - Disclosure - Prospectus Investor Class [Member] N-1A Cover</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1610001 - Disclosure - Prospectus Investor Class [Member] N-1A Supplement</link:definition>
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			<link:definition>1710002 - Disclosure - Prospectus Investor Class [Member] Investment Objectives and Goals</link:definition>
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			<link:definition>1710003 - Disclosure - Prospectus Investor Class [Member] Fees and Expenses</link:definition>
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			<link:definition>1710004 - Disclosure - Prospectus Investor Class [Member] Investment Strategy</link:definition>
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			<link:definition>1710005 - Disclosure - Prospectus Investor Class [Member] Investment Risks</link:definition>
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			<link:definition>1710006 - Disclosure - Prospectus Investor Class [Member] Performance Management</link:definition>
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			<link:definition>1720010 - Disclosure - Prospectus Investor Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>1720020 - Disclosure - Prospectus Investor Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>1720030 - Disclosure - Prospectus Investor Class [Member] Expense Example</link:definition>
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			<link:definition>1720040 - Disclosure - Prospectus Investor Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>1720045 - Disclosure - Prospectus Investor Class [Member] Risks Data</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1720050 - Disclosure - Prospectus Investor Class [Member] Annual Total Returns</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1720060 - Disclosure - Prospectus Investor Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>1720070 - Disclosure - Prospectus Investor Class [Member] Market Index Performance</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1710000 - Disclosure - Prospectus Investor Class [Member] N-1A Cover</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1710001 - Disclosure - Prospectus Investor Class [Member] N-1A Supplement</link:definition>
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			<link:definition>1810002 - Disclosure - Prospectus Investor Class [Member] Investment Objectives and Goals</link:definition>
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			<link:definition>1810003 - Disclosure - Prospectus Investor Class [Member] Fees and Expenses</link:definition>
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			<link:definition>1810004 - Disclosure - Prospectus Investor Class [Member] Investment Strategy</link:definition>
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			<link:definition>1810005 - Disclosure - Prospectus Investor Class [Member] Investment Risks</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1810006 - Disclosure - Prospectus Investor Class [Member] Performance Management</link:definition>
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			<link:definition>1820010 - Disclosure - Prospectus Investor Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>1820020 - Disclosure - Prospectus Investor Class [Member] Annual Fund Operating Expenses</link:definition>
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			<link:definition>1820030 - Disclosure - Prospectus Investor Class [Member] Expense Example</link:definition>
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			<link:definition>1820040 - Disclosure - Prospectus Investor Class [Member] Expense Example, No Redemption</link:definition>
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			<link:definition>1820045 - Disclosure - Prospectus Investor Class [Member] Risks Data</link:definition>
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			<link:definition>1820050 - Disclosure - Prospectus Investor Class [Member] Annual Total Returns</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1820060 - Disclosure - Prospectus Investor Class [Member] Average Annual Total Returns</link:definition>
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			<link:definition>1820070 - Disclosure - Prospectus Investor Class [Member] Market Index Performance</link:definition>
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			<link:definition>1810000 - Disclosure - Prospectus Investor Class [Member] N-1A Cover</link:definition>
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			<link:definition>1810001 - Disclosure - Prospectus Investor Class [Member] N-1A Supplement</link:definition>
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			<link:definition>1910002 - Disclosure - Prospectus Investor Class [Member] Investment Objectives and Goals</link:definition>
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			<link:definition>1920050 - Disclosure - Prospectus Investor Class [Member] Annual Total Returns</link:definition>
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			<link:definition>1920060 - Disclosure - Prospectus Investor Class [Member] Average Annual Total Returns</link:definition>
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			<link:definition>1920070 - Disclosure - Prospectus Investor Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>1910000 - Disclosure - Prospectus Investor Class [Member] N-1A Cover</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>1910001 - Disclosure - Prospectus Investor Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>2010002 - Disclosure - Prospectus SI Class [Member] Investment Objectives and Goals</link:definition>
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			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>2010004 - Disclosure - Prospectus SI Class [Member] Investment Strategy</link:definition>
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			<link:definition>2020050 - Disclosure - Prospectus SI Class [Member] Annual Total Returns</link:definition>
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			<link:definition>2020060 - Disclosure - Prospectus SI Class [Member] Average Annual Total Returns</link:definition>
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			<link:definition>2020070 - Disclosure - Prospectus SI Class [Member] Market Index Performance</link:definition>
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			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>2010001 - Disclosure - Prospectus SI Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>2110002 - Disclosure - Prospectus SI Class [Member] Investment Objectives and Goals</link:definition>
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			<link:definition>2110003 - Disclosure - Prospectus SI Class [Member] Fees and Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>2110004 - Disclosure - Prospectus SI Class [Member] Investment Strategy</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>2110005 - Disclosure - Prospectus SI Class [Member] Investment Risks</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>2110006 - Disclosure - Prospectus SI Class [Member] Performance Management</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/21/role/ShareholderFeesData" id="wwwpaydencom_21_ShareholderFeesData">
			<link:definition>2120010 - Disclosure - Prospectus SI Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/21/role/OperatingExpensesData" id="wwwpaydencom_21_OperatingExpensesData">
			<link:definition>2120020 - Disclosure - Prospectus SI Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>2120030 - Disclosure - Prospectus SI Class [Member] Expense Example</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>2120045 - Disclosure - Prospectus SI Class [Member] Risks Data</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>2120050 - Disclosure - Prospectus SI Class [Member] Annual Total Returns</link:definition>
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			<link:definition>2120060 - Disclosure - Prospectus SI Class [Member] Average Annual Total Returns</link:definition>
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			<link:definition>2120070 - Disclosure - Prospectus SI Class [Member] Market Index Performance</link:definition>
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			<link:definition>2110000 - Disclosure - Prospectus SI Class [Member] N-1A Cover</link:definition>
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		<link:roleType roleURI="http://www.payden.com/22/role/OperatingExpensesData" id="wwwpaydencom_22_OperatingExpensesData">
			<link:definition>2220020 - Disclosure - Prospectus SI Class [Member] Annual Fund Operating Expenses</link:definition>
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			<link:definition>2220030 - Disclosure - Prospectus SI Class [Member] Expense Example</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>2220040 - Disclosure - Prospectus SI Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>2220045 - Disclosure - Prospectus SI Class [Member] Risks Data</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>2220050 - Disclosure - Prospectus SI Class [Member] Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>2220060 - Disclosure - Prospectus SI Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>2220070 - Disclosure - Prospectus SI Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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			<link:definition>2210000 - Disclosure - Prospectus SI Class [Member] N-1A Cover</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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			<link:definition>2210001 - Disclosure - Prospectus SI Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>2310002 - Disclosure - Prospectus SI Class [Member] Investment Objectives and Goals</link:definition>
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			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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			<link:definition>2310004 - Disclosure - Prospectus SI Class [Member] Investment Strategy</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>2310005 - Disclosure - Prospectus SI Class [Member] Investment Risks</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>2310006 - Disclosure - Prospectus SI Class [Member] Performance Management</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/23/role/ShareholderFeesData" id="wwwpaydencom_23_ShareholderFeesData">
			<link:definition>2320010 - Disclosure - Prospectus SI Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/23/role/OperatingExpensesData" id="wwwpaydencom_23_OperatingExpensesData">
			<link:definition>2320020 - Disclosure - Prospectus SI Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/23/role/ExpenseExample" id="wwwpaydencom_23_ExpenseExample">
			<link:definition>2320030 - Disclosure - Prospectus SI Class [Member] Expense Example</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/23/role/ExpenseExampleNoRedemption" id="wwwpaydencom_23_ExpenseExampleNoRedemption">
			<link:definition>2320040 - Disclosure - Prospectus SI Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/23/role/RiskTableData" id="wwwpaydencom_23_RiskTableData">
			<link:definition>2320045 - Disclosure - Prospectus SI Class [Member] Risks Data</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/23/role/BarChartData" id="wwwpaydencom_23_BarChartData">
			<link:definition>2320050 - Disclosure - Prospectus SI Class [Member] Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/23/role/PerformanceTableData" id="wwwpaydencom_23_PerformanceTableData">
			<link:definition>2320060 - Disclosure - Prospectus SI Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/23/role/MarketIndexPerformanceData" id="wwwpaydencom_23_MarketIndexPerformanceData">
			<link:definition>2320070 - Disclosure - Prospectus SI Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>2310000 - Disclosure - Prospectus SI Class [Member] N-1A Cover</link:definition>
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			<link:definition>2310001 - Disclosure - Prospectus SI Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>2410002 - Disclosure - Prospectus SI Class [Member] Investment Objectives and Goals</link:definition>
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			<link:definition>2410004 - Disclosure - Prospectus SI Class [Member] Investment Strategy</link:definition>
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			<link:definition>2410006 - Disclosure - Prospectus SI Class [Member] Performance Management</link:definition>
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			<link:definition>2420010 - Disclosure - Prospectus SI Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>2420020 - Disclosure - Prospectus SI Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>2420030 - Disclosure - Prospectus SI Class [Member] Expense Example</link:definition>
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			<link:definition>2420045 - Disclosure - Prospectus SI Class [Member] Risks Data</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>2420050 - Disclosure - Prospectus SI Class [Member] Annual Total Returns</link:definition>
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			<link:definition>2420060 - Disclosure - Prospectus SI Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>2420070 - Disclosure - Prospectus SI Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>2410000 - Disclosure - Prospectus SI Class [Member] N-1A Cover</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>2410001 - Disclosure - Prospectus SI Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>2510002 - Disclosure - Prospectus SI Class [Member] Investment Objectives and Goals</link:definition>
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			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>2510004 - Disclosure - Prospectus SI Class [Member] Investment Strategy</link:definition>
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			<link:definition>2510005 - Disclosure - Prospectus SI Class [Member] Investment Risks</link:definition>
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			<link:definition>2510006 - Disclosure - Prospectus SI Class [Member] Performance Management</link:definition>
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			<link:definition>2520010 - Disclosure - Prospectus SI Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>2520020 - Disclosure - Prospectus SI Class [Member] Annual Fund Operating Expenses</link:definition>
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			<link:definition>2520030 - Disclosure - Prospectus SI Class [Member] Expense Example</link:definition>
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			<link:definition>2520045 - Disclosure - Prospectus SI Class [Member] Risks Data</link:definition>
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			<link:definition>2520050 - Disclosure - Prospectus SI Class [Member] Annual Total Returns</link:definition>
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			<link:definition>2520060 - Disclosure - Prospectus SI Class [Member] Average Annual Total Returns</link:definition>
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			<link:definition>2520070 - Disclosure - Prospectus SI Class [Member] Market Index Performance</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>2510000 - Disclosure - Prospectus SI Class [Member] N-1A Cover</link:definition>
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			<link:definition>2510001 - Disclosure - Prospectus SI Class [Member] N-1A Supplement</link:definition>
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			<link:definition>2610002 - Disclosure - Prospectus SI Class [Member] Investment Objectives and Goals</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/29/role/N1aCover" id="wwwpaydencom_29_N1aCover">
			<link:definition>2910000 - Disclosure - Prospectus SI Class [Member] N-1A Cover</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/29/role/N1aSupplement" id="wwwpaydencom_29_N1aSupplement">
			<link:definition>2910001 - Disclosure - Prospectus SI Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/30/role/RiskReturn" id="wwwpaydencom_30_RiskReturn">
			<link:definition>3010002 - Disclosure - Prospectus SI Class [Member] Investment Objectives and Goals</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/30/role/FeesAndExpenses" id="wwwpaydencom_30_FeesAndExpenses">
			<link:definition>3010003 - Disclosure - Prospectus SI Class [Member] Fees and Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/30/role/InvestmentStrategy" id="wwwpaydencom_30_InvestmentStrategy">
			<link:definition>3010004 - Disclosure - Prospectus SI Class [Member] Investment Strategy</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/30/role/InvestmentRisks" id="wwwpaydencom_30_InvestmentRisks">
			<link:definition>3010005 - Disclosure - Prospectus SI Class [Member] Investment Risks</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/30/role/PerformanceManagement" id="wwwpaydencom_30_PerformanceManagement">
			<link:definition>3010006 - Disclosure - Prospectus SI Class [Member] Performance Management</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/30/role/ShareholderFeesData" id="wwwpaydencom_30_ShareholderFeesData">
			<link:definition>3020010 - Disclosure - Prospectus SI Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/30/role/OperatingExpensesData" id="wwwpaydencom_30_OperatingExpensesData">
			<link:definition>3020020 - Disclosure - Prospectus SI Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/30/role/ExpenseExample" id="wwwpaydencom_30_ExpenseExample">
			<link:definition>3020030 - Disclosure - Prospectus SI Class [Member] Expense Example</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/30/role/ExpenseExampleNoRedemption" id="wwwpaydencom_30_ExpenseExampleNoRedemption">
			<link:definition>3020040 - Disclosure - Prospectus SI Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/30/role/RiskTableData" id="wwwpaydencom_30_RiskTableData">
			<link:definition>3020045 - Disclosure - Prospectus SI Class [Member] Risks Data</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/30/role/BarChartData" id="wwwpaydencom_30_BarChartData">
			<link:definition>3020050 - Disclosure - Prospectus SI Class [Member] Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/30/role/PerformanceTableData" id="wwwpaydencom_30_PerformanceTableData">
			<link:definition>3020060 - Disclosure - Prospectus SI Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/30/role/MarketIndexPerformanceData" id="wwwpaydencom_30_MarketIndexPerformanceData">
			<link:definition>3020070 - Disclosure - Prospectus SI Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/30/role/N1aCover" id="wwwpaydencom_30_N1aCover">
			<link:definition>3010000 - Disclosure - Prospectus SI Class [Member] N-1A Cover</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/30/role/N1aSupplement" id="wwwpaydencom_30_N1aSupplement">
			<link:definition>3010001 - Disclosure - Prospectus SI Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/31/role/RiskReturn" id="wwwpaydencom_31_RiskReturn">
			<link:definition>3110002 - Disclosure - Prospectus SI Class [Member] Investment Objectives and Goals</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/31/role/FeesAndExpenses" id="wwwpaydencom_31_FeesAndExpenses">
			<link:definition>3110003 - Disclosure - Prospectus SI Class [Member] Fees and Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/31/role/InvestmentStrategy" id="wwwpaydencom_31_InvestmentStrategy">
			<link:definition>3110004 - Disclosure - Prospectus SI Class [Member] Investment Strategy</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/31/role/InvestmentRisks" id="wwwpaydencom_31_InvestmentRisks">
			<link:definition>3110005 - Disclosure - Prospectus SI Class [Member] Investment Risks</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/31/role/PerformanceManagement" id="wwwpaydencom_31_PerformanceManagement">
			<link:definition>3110006 - Disclosure - Prospectus SI Class [Member] Performance Management</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/31/role/ShareholderFeesData" id="wwwpaydencom_31_ShareholderFeesData">
			<link:definition>3120010 - Disclosure - Prospectus SI Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/31/role/OperatingExpensesData" id="wwwpaydencom_31_OperatingExpensesData">
			<link:definition>3120020 - Disclosure - Prospectus SI Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/31/role/ExpenseExample" id="wwwpaydencom_31_ExpenseExample">
			<link:definition>3120030 - Disclosure - Prospectus SI Class [Member] Expense Example</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/31/role/ExpenseExampleNoRedemption" id="wwwpaydencom_31_ExpenseExampleNoRedemption">
			<link:definition>3120040 - Disclosure - Prospectus SI Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/31/role/RiskTableData" id="wwwpaydencom_31_RiskTableData">
			<link:definition>3120045 - Disclosure - Prospectus SI Class [Member] Risks Data</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/31/role/BarChartData" id="wwwpaydencom_31_BarChartData">
			<link:definition>3120050 - Disclosure - Prospectus SI Class [Member] Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/31/role/PerformanceTableData" id="wwwpaydencom_31_PerformanceTableData">
			<link:definition>3120060 - Disclosure - Prospectus SI Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/31/role/MarketIndexPerformanceData" id="wwwpaydencom_31_MarketIndexPerformanceData">
			<link:definition>3120070 - Disclosure - Prospectus SI Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/31/role/N1aCover" id="wwwpaydencom_31_N1aCover">
			<link:definition>3110000 - Disclosure - Prospectus SI Class [Member] N-1A Cover</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/31/role/N1aSupplement" id="wwwpaydencom_31_N1aSupplement">
			<link:definition>3110001 - Disclosure - Prospectus SI Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/32/role/RiskReturn" id="wwwpaydencom_32_RiskReturn">
			<link:definition>3210002 - Disclosure - Prospectus SI Class [Member] Investment Objectives and Goals</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/32/role/FeesAndExpenses" id="wwwpaydencom_32_FeesAndExpenses">
			<link:definition>3210003 - Disclosure - Prospectus SI Class [Member] Fees and Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/32/role/InvestmentStrategy" id="wwwpaydencom_32_InvestmentStrategy">
			<link:definition>3210004 - Disclosure - Prospectus SI Class [Member] Investment Strategy</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/32/role/InvestmentRisks" id="wwwpaydencom_32_InvestmentRisks">
			<link:definition>3210005 - Disclosure - Prospectus SI Class [Member] Investment Risks</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/32/role/PerformanceManagement" id="wwwpaydencom_32_PerformanceManagement">
			<link:definition>3210006 - Disclosure - Prospectus SI Class [Member] Performance Management</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/32/role/ShareholderFeesData" id="wwwpaydencom_32_ShareholderFeesData">
			<link:definition>3220010 - Disclosure - Prospectus SI Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/32/role/OperatingExpensesData" id="wwwpaydencom_32_OperatingExpensesData">
			<link:definition>3220020 - Disclosure - Prospectus SI Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/32/role/ExpenseExample" id="wwwpaydencom_32_ExpenseExample">
			<link:definition>3220030 - Disclosure - Prospectus SI Class [Member] Expense Example</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/32/role/ExpenseExampleNoRedemption" id="wwwpaydencom_32_ExpenseExampleNoRedemption">
			<link:definition>3220040 - Disclosure - Prospectus SI Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/32/role/RiskTableData" id="wwwpaydencom_32_RiskTableData">
			<link:definition>3220045 - Disclosure - Prospectus SI Class [Member] Risks Data</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/32/role/BarChartData" id="wwwpaydencom_32_BarChartData">
			<link:definition>3220050 - Disclosure - Prospectus SI Class [Member] Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/32/role/PerformanceTableData" id="wwwpaydencom_32_PerformanceTableData">
			<link:definition>3220060 - Disclosure - Prospectus SI Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/32/role/MarketIndexPerformanceData" id="wwwpaydencom_32_MarketIndexPerformanceData">
			<link:definition>3220070 - Disclosure - Prospectus SI Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/32/role/N1aCover" id="wwwpaydencom_32_N1aCover">
			<link:definition>3210000 - Disclosure - Prospectus SI Class [Member] N-1A Cover</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/32/role/N1aSupplement" id="wwwpaydencom_32_N1aSupplement">
			<link:definition>3210001 - Disclosure - Prospectus SI Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/33/role/RiskReturn" id="wwwpaydencom_33_RiskReturn">
			<link:definition>3310002 - Disclosure - Prospectus SI Class [Member] Investment Objectives and Goals</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/33/role/FeesAndExpenses" id="wwwpaydencom_33_FeesAndExpenses">
			<link:definition>3310003 - Disclosure - Prospectus SI Class [Member] Fees and Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/33/role/InvestmentStrategy" id="wwwpaydencom_33_InvestmentStrategy">
			<link:definition>3310004 - Disclosure - Prospectus SI Class [Member] Investment Strategy</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/33/role/InvestmentRisks" id="wwwpaydencom_33_InvestmentRisks">
			<link:definition>3310005 - Disclosure - Prospectus SI Class [Member] Investment Risks</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/33/role/PerformanceManagement" id="wwwpaydencom_33_PerformanceManagement">
			<link:definition>3310006 - Disclosure - Prospectus SI Class [Member] Performance Management</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/33/role/ShareholderFeesData" id="wwwpaydencom_33_ShareholderFeesData">
			<link:definition>3320010 - Disclosure - Prospectus SI Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/33/role/OperatingExpensesData" id="wwwpaydencom_33_OperatingExpensesData">
			<link:definition>3320020 - Disclosure - Prospectus SI Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/33/role/ExpenseExample" id="wwwpaydencom_33_ExpenseExample">
			<link:definition>3320030 - Disclosure - Prospectus SI Class [Member] Expense Example</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/33/role/ExpenseExampleNoRedemption" id="wwwpaydencom_33_ExpenseExampleNoRedemption">
			<link:definition>3320040 - Disclosure - Prospectus SI Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>3320045 - Disclosure - Prospectus SI Class [Member] Risks Data</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>3320050 - Disclosure - Prospectus SI Class [Member] Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>3320060 - Disclosure - Prospectus SI Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/33/role/MarketIndexPerformanceData" id="wwwpaydencom_33_MarketIndexPerformanceData">
			<link:definition>3320070 - Disclosure - Prospectus SI Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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			<link:definition>3310000 - Disclosure - Prospectus SI Class [Member] N-1A Cover</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>3310001 - Disclosure - Prospectus SI Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>3410002 - Disclosure - Prospectus Adviser Class [Member] Investment Objectives and Goals</link:definition>
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			<link:definition>3410003 - Disclosure - Prospectus Adviser Class [Member] Fees and Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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			<link:definition>3410004 - Disclosure - Prospectus Adviser Class [Member] Investment Strategy</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>3410005 - Disclosure - Prospectus Adviser Class [Member] Investment Risks</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>3410006 - Disclosure - Prospectus Adviser Class [Member] Performance Management</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/34/role/ShareholderFeesData" id="wwwpaydencom_34_ShareholderFeesData">
			<link:definition>3420010 - Disclosure - Prospectus Adviser Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/34/role/OperatingExpensesData" id="wwwpaydencom_34_OperatingExpensesData">
			<link:definition>3420020 - Disclosure - Prospectus Adviser Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/34/role/ExpenseExample" id="wwwpaydencom_34_ExpenseExample">
			<link:definition>3420030 - Disclosure - Prospectus Adviser Class [Member] Expense Example</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/34/role/ExpenseExampleNoRedemption" id="wwwpaydencom_34_ExpenseExampleNoRedemption">
			<link:definition>3420040 - Disclosure - Prospectus Adviser Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/34/role/RiskTableData" id="wwwpaydencom_34_RiskTableData">
			<link:definition>3420045 - Disclosure - Prospectus Adviser Class [Member] Risks Data</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/34/role/BarChartData" id="wwwpaydencom_34_BarChartData">
			<link:definition>3420050 - Disclosure - Prospectus Adviser Class [Member] Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>3420060 - Disclosure - Prospectus Adviser Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/34/role/MarketIndexPerformanceData" id="wwwpaydencom_34_MarketIndexPerformanceData">
			<link:definition>3420070 - Disclosure - Prospectus Adviser Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/34/role/N1aCover" id="wwwpaydencom_34_N1aCover">
			<link:definition>3410000 - Disclosure - Prospectus Adviser Class [Member] N-1A Cover</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/34/role/N1aSupplement" id="wwwpaydencom_34_N1aSupplement">
			<link:definition>3410001 - Disclosure - Prospectus Adviser Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>3510002 - Disclosure - Prospectus Adviser Class [Member] Investment Objectives and Goals</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/35/role/FeesAndExpenses" id="wwwpaydencom_35_FeesAndExpenses">
			<link:definition>3510003 - Disclosure - Prospectus Adviser Class [Member] Fees and Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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			<link:definition>3510004 - Disclosure - Prospectus Adviser Class [Member] Investment Strategy</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/35/role/InvestmentRisks" id="wwwpaydencom_35_InvestmentRisks">
			<link:definition>3510005 - Disclosure - Prospectus Adviser Class [Member] Investment Risks</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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			<link:definition>3510006 - Disclosure - Prospectus Adviser Class [Member] Performance Management</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/35/role/ShareholderFeesData" id="wwwpaydencom_35_ShareholderFeesData">
			<link:definition>3520010 - Disclosure - Prospectus Adviser Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/35/role/OperatingExpensesData" id="wwwpaydencom_35_OperatingExpensesData">
			<link:definition>3520020 - Disclosure - Prospectus Adviser Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/35/role/ExpenseExample" id="wwwpaydencom_35_ExpenseExample">
			<link:definition>3520030 - Disclosure - Prospectus Adviser Class [Member] Expense Example</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>3520040 - Disclosure - Prospectus Adviser Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>3520045 - Disclosure - Prospectus Adviser Class [Member] Risks Data</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>3520050 - Disclosure - Prospectus Adviser Class [Member] Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>3520060 - Disclosure - Prospectus Adviser Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/35/role/MarketIndexPerformanceData" id="wwwpaydencom_35_MarketIndexPerformanceData">
			<link:definition>3520070 - Disclosure - Prospectus Adviser Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>3510000 - Disclosure - Prospectus Adviser Class [Member] N-1A Cover</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/35/role/N1aSupplement" id="wwwpaydencom_35_N1aSupplement">
			<link:definition>3510001 - Disclosure - Prospectus Adviser Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>3610002 - Disclosure - Prospectus Adviser Class [Member] Investment Objectives and Goals</link:definition>
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			<link:definition>3610003 - Disclosure - Prospectus Adviser Class [Member] Fees and Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/36/role/InvestmentStrategy" id="wwwpaydencom_36_InvestmentStrategy">
			<link:definition>3610004 - Disclosure - Prospectus Adviser Class [Member] Investment Strategy</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/36/role/InvestmentRisks" id="wwwpaydencom_36_InvestmentRisks">
			<link:definition>3610005 - Disclosure - Prospectus Adviser Class [Member] Investment Risks</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>3610006 - Disclosure - Prospectus Adviser Class [Member] Performance Management</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/36/role/ShareholderFeesData" id="wwwpaydencom_36_ShareholderFeesData">
			<link:definition>3620010 - Disclosure - Prospectus Adviser Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/36/role/OperatingExpensesData" id="wwwpaydencom_36_OperatingExpensesData">
			<link:definition>3620020 - Disclosure - Prospectus Adviser Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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			<link:definition>3620030 - Disclosure - Prospectus Adviser Class [Member] Expense Example</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>3620040 - Disclosure - Prospectus Adviser Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>3620045 - Disclosure - Prospectus Adviser Class [Member] Risks Data</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>3620050 - Disclosure - Prospectus Adviser Class [Member] Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>3620060 - Disclosure - Prospectus Adviser Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>3620070 - Disclosure - Prospectus Adviser Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>3610000 - Disclosure - Prospectus Adviser Class [Member] N-1A Cover</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>3610001 - Disclosure - Prospectus Adviser Class [Member] N-1A Supplement</link:definition>
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			<link:definition>3710002 - Disclosure - Prospectus Adviser Class [Member] Investment Objectives and Goals</link:definition>
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			<link:definition>3710004 - Disclosure - Prospectus Adviser Class [Member] Investment Strategy</link:definition>
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		<link:roleType roleURI="http://www.payden.com/37/role/InvestmentRisks" id="wwwpaydencom_37_InvestmentRisks">
			<link:definition>3710005 - Disclosure - Prospectus Adviser Class [Member] Investment Risks</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/37/role/PerformanceManagement" id="wwwpaydencom_37_PerformanceManagement">
			<link:definition>3710006 - Disclosure - Prospectus Adviser Class [Member] Performance Management</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/37/role/ShareholderFeesData" id="wwwpaydencom_37_ShareholderFeesData">
			<link:definition>3720010 - Disclosure - Prospectus Adviser Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/37/role/OperatingExpensesData" id="wwwpaydencom_37_OperatingExpensesData">
			<link:definition>3720020 - Disclosure - Prospectus Adviser Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/37/role/ExpenseExample" id="wwwpaydencom_37_ExpenseExample">
			<link:definition>3720030 - Disclosure - Prospectus Adviser Class [Member] Expense Example</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/37/role/ExpenseExampleNoRedemption" id="wwwpaydencom_37_ExpenseExampleNoRedemption">
			<link:definition>3720040 - Disclosure - Prospectus Adviser Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/37/role/RiskTableData" id="wwwpaydencom_37_RiskTableData">
			<link:definition>3720045 - Disclosure - Prospectus Adviser Class [Member] Risks Data</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/37/role/BarChartData" id="wwwpaydencom_37_BarChartData">
			<link:definition>3720050 - Disclosure - Prospectus Adviser Class [Member] Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/37/role/PerformanceTableData" id="wwwpaydencom_37_PerformanceTableData">
			<link:definition>3720060 - Disclosure - Prospectus Adviser Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/37/role/MarketIndexPerformanceData" id="wwwpaydencom_37_MarketIndexPerformanceData">
			<link:definition>3720070 - Disclosure - Prospectus Adviser Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/37/role/N1aCover" id="wwwpaydencom_37_N1aCover">
			<link:definition>3710000 - Disclosure - Prospectus Adviser Class [Member] N-1A Cover</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/37/role/N1aSupplement" id="wwwpaydencom_37_N1aSupplement">
			<link:definition>3710001 - Disclosure - Prospectus Adviser Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/38/role/RiskReturn" id="wwwpaydencom_38_RiskReturn">
			<link:definition>3810002 - Disclosure - Prospectus Adviser Class [Member] Investment Objectives and Goals</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/38/role/FeesAndExpenses" id="wwwpaydencom_38_FeesAndExpenses">
			<link:definition>3810003 - Disclosure - Prospectus Adviser Class [Member] Fees and Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/38/role/InvestmentStrategy" id="wwwpaydencom_38_InvestmentStrategy">
			<link:definition>3810004 - Disclosure - Prospectus Adviser Class [Member] Investment Strategy</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/38/role/InvestmentRisks" id="wwwpaydencom_38_InvestmentRisks">
			<link:definition>3810005 - Disclosure - Prospectus Adviser Class [Member] Investment Risks</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/38/role/PerformanceManagement" id="wwwpaydencom_38_PerformanceManagement">
			<link:definition>3810006 - Disclosure - Prospectus Adviser Class [Member] Performance Management</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/38/role/ShareholderFeesData" id="wwwpaydencom_38_ShareholderFeesData">
			<link:definition>3820010 - Disclosure - Prospectus Adviser Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/38/role/OperatingExpensesData" id="wwwpaydencom_38_OperatingExpensesData">
			<link:definition>3820020 - Disclosure - Prospectus Adviser Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/38/role/ExpenseExample" id="wwwpaydencom_38_ExpenseExample">
			<link:definition>3820030 - Disclosure - Prospectus Adviser Class [Member] Expense Example</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/38/role/ExpenseExampleNoRedemption" id="wwwpaydencom_38_ExpenseExampleNoRedemption">
			<link:definition>3820040 - Disclosure - Prospectus Adviser Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/38/role/RiskTableData" id="wwwpaydencom_38_RiskTableData">
			<link:definition>3820045 - Disclosure - Prospectus Adviser Class [Member] Risks Data</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/38/role/BarChartData" id="wwwpaydencom_38_BarChartData">
			<link:definition>3820050 - Disclosure - Prospectus Adviser Class [Member] Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/38/role/PerformanceTableData" id="wwwpaydencom_38_PerformanceTableData">
			<link:definition>3820060 - Disclosure - Prospectus Adviser Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/38/role/MarketIndexPerformanceData" id="wwwpaydencom_38_MarketIndexPerformanceData">
			<link:definition>3820070 - Disclosure - Prospectus Adviser Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/38/role/N1aCover" id="wwwpaydencom_38_N1aCover">
			<link:definition>3810000 - Disclosure - Prospectus Adviser Class [Member] N-1A Cover</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/38/role/N1aSupplement" id="wwwpaydencom_38_N1aSupplement">
			<link:definition>3810001 - Disclosure - Prospectus Adviser Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/39/role/RiskReturn" id="wwwpaydencom_39_RiskReturn">
			<link:definition>3910002 - Disclosure - Prospectus Adviser Class [Member] Investment Objectives and Goals</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/39/role/FeesAndExpenses" id="wwwpaydencom_39_FeesAndExpenses">
			<link:definition>3910003 - Disclosure - Prospectus Adviser Class [Member] Fees and Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/39/role/InvestmentStrategy" id="wwwpaydencom_39_InvestmentStrategy">
			<link:definition>3910004 - Disclosure - Prospectus Adviser Class [Member] Investment Strategy</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/39/role/InvestmentRisks" id="wwwpaydencom_39_InvestmentRisks">
			<link:definition>3910005 - Disclosure - Prospectus Adviser Class [Member] Investment Risks</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/39/role/PerformanceManagement" id="wwwpaydencom_39_PerformanceManagement">
			<link:definition>3910006 - Disclosure - Prospectus Adviser Class [Member] Performance Management</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/39/role/ShareholderFeesData" id="wwwpaydencom_39_ShareholderFeesData">
			<link:definition>3920010 - Disclosure - Prospectus Adviser Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/39/role/OperatingExpensesData" id="wwwpaydencom_39_OperatingExpensesData">
			<link:definition>3920020 - Disclosure - Prospectus Adviser Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/39/role/ExpenseExample" id="wwwpaydencom_39_ExpenseExample">
			<link:definition>3920030 - Disclosure - Prospectus Adviser Class [Member] Expense Example</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/39/role/ExpenseExampleNoRedemption" id="wwwpaydencom_39_ExpenseExampleNoRedemption">
			<link:definition>3920040 - Disclosure - Prospectus Adviser Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/39/role/RiskTableData" id="wwwpaydencom_39_RiskTableData">
			<link:definition>3920045 - Disclosure - Prospectus Adviser Class [Member] Risks Data</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/39/role/BarChartData" id="wwwpaydencom_39_BarChartData">
			<link:definition>3920050 - Disclosure - Prospectus Adviser Class [Member] Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/39/role/PerformanceTableData" id="wwwpaydencom_39_PerformanceTableData">
			<link:definition>3920060 - Disclosure - Prospectus Adviser Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/39/role/MarketIndexPerformanceData" id="wwwpaydencom_39_MarketIndexPerformanceData">
			<link:definition>3920070 - Disclosure - Prospectus Adviser Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/39/role/N1aCover" id="wwwpaydencom_39_N1aCover">
			<link:definition>3910000 - Disclosure - Prospectus Adviser Class [Member] N-1A Cover</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/39/role/N1aSupplement" id="wwwpaydencom_39_N1aSupplement">
			<link:definition>3910001 - Disclosure - Prospectus Adviser Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/40/role/RiskReturn" id="wwwpaydencom_40_RiskReturn">
			<link:definition>4010002 - Disclosure - Prospectus Adviser Class [Member] Investment Objectives and Goals</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/40/role/FeesAndExpenses" id="wwwpaydencom_40_FeesAndExpenses">
			<link:definition>4010003 - Disclosure - Prospectus Adviser Class [Member] Fees and Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/40/role/InvestmentStrategy" id="wwwpaydencom_40_InvestmentStrategy">
			<link:definition>4010004 - Disclosure - Prospectus Adviser Class [Member] Investment Strategy</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/40/role/InvestmentRisks" id="wwwpaydencom_40_InvestmentRisks">
			<link:definition>4010005 - Disclosure - Prospectus Adviser Class [Member] Investment Risks</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/40/role/PerformanceManagement" id="wwwpaydencom_40_PerformanceManagement">
			<link:definition>4010006 - Disclosure - Prospectus Adviser Class [Member] Performance Management</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/40/role/ShareholderFeesData" id="wwwpaydencom_40_ShareholderFeesData">
			<link:definition>4020010 - Disclosure - Prospectus Adviser Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/40/role/OperatingExpensesData" id="wwwpaydencom_40_OperatingExpensesData">
			<link:definition>4020020 - Disclosure - Prospectus Adviser Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/40/role/ExpenseExample" id="wwwpaydencom_40_ExpenseExample">
			<link:definition>4020030 - Disclosure - Prospectus Adviser Class [Member] Expense Example</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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			<link:definition>4020040 - Disclosure - Prospectus Adviser Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/40/role/RiskTableData" id="wwwpaydencom_40_RiskTableData">
			<link:definition>4020045 - Disclosure - Prospectus Adviser Class [Member] Risks Data</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>4020050 - Disclosure - Prospectus Adviser Class [Member] Annual Total Returns</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/40/role/PerformanceTableData" id="wwwpaydencom_40_PerformanceTableData">
			<link:definition>4020060 - Disclosure - Prospectus Adviser Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/40/role/MarketIndexPerformanceData" id="wwwpaydencom_40_MarketIndexPerformanceData">
			<link:definition>4020070 - Disclosure - Prospectus Adviser Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/40/role/N1aCover" id="wwwpaydencom_40_N1aCover">
			<link:definition>4010000 - Disclosure - Prospectus Adviser Class [Member] N-1A Cover</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/40/role/N1aSupplement" id="wwwpaydencom_40_N1aSupplement">
			<link:definition>4010001 - Disclosure - Prospectus Adviser Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/41/role/RiskReturn" id="wwwpaydencom_41_RiskReturn">
			<link:definition>4110002 - Disclosure - Prospectus Adviser Class [Member] Investment Objectives and Goals</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/41/role/FeesAndExpenses" id="wwwpaydencom_41_FeesAndExpenses">
			<link:definition>4110003 - Disclosure - Prospectus Adviser Class [Member] Fees and Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/41/role/InvestmentStrategy" id="wwwpaydencom_41_InvestmentStrategy">
			<link:definition>4110004 - Disclosure - Prospectus Adviser Class [Member] Investment Strategy</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/41/role/InvestmentRisks" id="wwwpaydencom_41_InvestmentRisks">
			<link:definition>4110005 - Disclosure - Prospectus Adviser Class [Member] Investment Risks</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/41/role/PerformanceManagement" id="wwwpaydencom_41_PerformanceManagement">
			<link:definition>4110006 - Disclosure - Prospectus Adviser Class [Member] Performance Management</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/41/role/ShareholderFeesData" id="wwwpaydencom_41_ShareholderFeesData">
			<link:definition>4120010 - Disclosure - Prospectus Adviser Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/41/role/OperatingExpensesData" id="wwwpaydencom_41_OperatingExpensesData">
			<link:definition>4120020 - Disclosure - Prospectus Adviser Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/41/role/ExpenseExample" id="wwwpaydencom_41_ExpenseExample">
			<link:definition>4120030 - Disclosure - Prospectus Adviser Class [Member] Expense Example</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/41/role/ExpenseExampleNoRedemption" id="wwwpaydencom_41_ExpenseExampleNoRedemption">
			<link:definition>4120040 - Disclosure - Prospectus Adviser Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/41/role/RiskTableData" id="wwwpaydencom_41_RiskTableData">
			<link:definition>4120045 - Disclosure - Prospectus Adviser Class [Member] Risks Data</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/41/role/BarChartData" id="wwwpaydencom_41_BarChartData">
			<link:definition>4120050 - Disclosure - Prospectus Adviser Class [Member] Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/41/role/PerformanceTableData" id="wwwpaydencom_41_PerformanceTableData">
			<link:definition>4120060 - Disclosure - Prospectus Adviser Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/41/role/MarketIndexPerformanceData" id="wwwpaydencom_41_MarketIndexPerformanceData">
			<link:definition>4120070 - Disclosure - Prospectus Adviser Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/41/role/N1aCover" id="wwwpaydencom_41_N1aCover">
			<link:definition>4110000 - Disclosure - Prospectus Adviser Class [Member] N-1A Cover</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/41/role/N1aSupplement" id="wwwpaydencom_41_N1aSupplement">
			<link:definition>4110001 - Disclosure - Prospectus Adviser Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/42/role/RiskReturn" id="wwwpaydencom_42_RiskReturn">
			<link:definition>4210002 - Disclosure - Prospectus Adviser Class [Member] Investment Objectives and Goals</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/42/role/FeesAndExpenses" id="wwwpaydencom_42_FeesAndExpenses">
			<link:definition>4210003 - Disclosure - Prospectus Adviser Class [Member] Fees and Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/42/role/InvestmentStrategy" id="wwwpaydencom_42_InvestmentStrategy">
			<link:definition>4210004 - Disclosure - Prospectus Adviser Class [Member] Investment Strategy</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/42/role/InvestmentRisks" id="wwwpaydencom_42_InvestmentRisks">
			<link:definition>4210005 - Disclosure - Prospectus Adviser Class [Member] Investment Risks</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/42/role/PerformanceManagement" id="wwwpaydencom_42_PerformanceManagement">
			<link:definition>4210006 - Disclosure - Prospectus Adviser Class [Member] Performance Management</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/42/role/ShareholderFeesData" id="wwwpaydencom_42_ShareholderFeesData">
			<link:definition>4220010 - Disclosure - Prospectus Adviser Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/42/role/OperatingExpensesData" id="wwwpaydencom_42_OperatingExpensesData">
			<link:definition>4220020 - Disclosure - Prospectus Adviser Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/42/role/ExpenseExample" id="wwwpaydencom_42_ExpenseExample">
			<link:definition>4220030 - Disclosure - Prospectus Adviser Class [Member] Expense Example</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/42/role/ExpenseExampleNoRedemption" id="wwwpaydencom_42_ExpenseExampleNoRedemption">
			<link:definition>4220040 - Disclosure - Prospectus Adviser Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/42/role/RiskTableData" id="wwwpaydencom_42_RiskTableData">
			<link:definition>4220045 - Disclosure - Prospectus Adviser Class [Member] Risks Data</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/42/role/BarChartData" id="wwwpaydencom_42_BarChartData">
			<link:definition>4220050 - Disclosure - Prospectus Adviser Class [Member] Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/42/role/PerformanceTableData" id="wwwpaydencom_42_PerformanceTableData">
			<link:definition>4220060 - Disclosure - Prospectus Adviser Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/42/role/MarketIndexPerformanceData" id="wwwpaydencom_42_MarketIndexPerformanceData">
			<link:definition>4220070 - Disclosure - Prospectus Adviser Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/42/role/N1aCover" id="wwwpaydencom_42_N1aCover">
			<link:definition>4210000 - Disclosure - Prospectus Adviser Class [Member] N-1A Cover</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/42/role/N1aSupplement" id="wwwpaydencom_42_N1aSupplement">
			<link:definition>4210001 - Disclosure - Prospectus Adviser Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/43/role/RiskReturn" id="wwwpaydencom_43_RiskReturn">
			<link:definition>4310002 - Disclosure - Prospectus Adviser Class [Member] Investment Objectives and Goals</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/43/role/FeesAndExpenses" id="wwwpaydencom_43_FeesAndExpenses">
			<link:definition>4310003 - Disclosure - Prospectus Adviser Class [Member] Fees and Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/43/role/InvestmentStrategy" id="wwwpaydencom_43_InvestmentStrategy">
			<link:definition>4310004 - Disclosure - Prospectus Adviser Class [Member] Investment Strategy</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/43/role/InvestmentRisks" id="wwwpaydencom_43_InvestmentRisks">
			<link:definition>4310005 - Disclosure - Prospectus Adviser Class [Member] Investment Risks</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/43/role/PerformanceManagement" id="wwwpaydencom_43_PerformanceManagement">
			<link:definition>4310006 - Disclosure - Prospectus Adviser Class [Member] Performance Management</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/43/role/ShareholderFeesData" id="wwwpaydencom_43_ShareholderFeesData">
			<link:definition>4320010 - Disclosure - Prospectus Adviser Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/43/role/OperatingExpensesData" id="wwwpaydencom_43_OperatingExpensesData">
			<link:definition>4320020 - Disclosure - Prospectus Adviser Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/43/role/ExpenseExample" id="wwwpaydencom_43_ExpenseExample">
			<link:definition>4320030 - Disclosure - Prospectus Adviser Class [Member] Expense Example</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/43/role/ExpenseExampleNoRedemption" id="wwwpaydencom_43_ExpenseExampleNoRedemption">
			<link:definition>4320040 - Disclosure - Prospectus Adviser Class [Member] Expense Example, No Redemption</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/43/role/RiskTableData" id="wwwpaydencom_43_RiskTableData">
			<link:definition>4320045 - Disclosure - Prospectus Adviser Class [Member] Risks Data</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/43/role/BarChartData" id="wwwpaydencom_43_BarChartData">
			<link:definition>4320050 - Disclosure - Prospectus Adviser Class [Member] Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/43/role/PerformanceTableData" id="wwwpaydencom_43_PerformanceTableData">
			<link:definition>4320060 - Disclosure - Prospectus Adviser Class [Member] Average Annual Total Returns</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/43/role/MarketIndexPerformanceData" id="wwwpaydencom_43_MarketIndexPerformanceData">
			<link:definition>4320070 - Disclosure - Prospectus Adviser Class [Member] Market Index Performance</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/43/role/N1aCover" id="wwwpaydencom_43_N1aCover">
			<link:definition>4310000 - Disclosure - Prospectus Adviser Class [Member] N-1A Cover</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/43/role/N1aSupplement" id="wwwpaydencom_43_N1aSupplement">
			<link:definition>4310001 - Disclosure - Prospectus Adviser Class [Member] N-1A Supplement</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/44/role/RiskReturn" id="wwwpaydencom_44_RiskReturn">
			<link:definition>4410002 - Disclosure - Prospectus Adviser Class [Member] Investment Objectives and Goals</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/44/role/FeesAndExpenses" id="wwwpaydencom_44_FeesAndExpenses">
			<link:definition>4410003 - Disclosure - Prospectus Adviser Class [Member] Fees and Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/44/role/InvestmentStrategy" id="wwwpaydencom_44_InvestmentStrategy">
			<link:definition>4410004 - Disclosure - Prospectus Adviser Class [Member] Investment Strategy</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/44/role/InvestmentRisks" id="wwwpaydencom_44_InvestmentRisks">
			<link:definition>4410005 - Disclosure - Prospectus Adviser Class [Member] Investment Risks</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/44/role/PerformanceManagement" id="wwwpaydencom_44_PerformanceManagement">
			<link:definition>4410006 - Disclosure - Prospectus Adviser Class [Member] Performance Management</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/44/role/ShareholderFeesData" id="wwwpaydencom_44_ShareholderFeesData">
			<link:definition>4420010 - Disclosure - Prospectus Adviser Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
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		<link:roleType roleURI="http://www.payden.com/44/role/OperatingExpensesData" id="wwwpaydencom_44_OperatingExpensesData">
			<link:definition>4420020 - Disclosure - Prospectus Adviser Class [Member] Annual Fund Operating Expenses</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
			<link:usedOn>link:calculationLink</link:usedOn>
		</link:roleType>
		<link:roleType roleURI="http://www.payden.com/44/role/ExpenseExample" id="wwwpaydencom_44_ExpenseExample">
			<link:definition>4420030 - Disclosure - Prospectus Adviser Class [Member] Expense Example</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>4420040 - Disclosure - Prospectus Adviser Class [Member] Expense Example, No Redemption</link:definition>
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			<link:definition>4420070 - Disclosure - Prospectus Adviser Class [Member] Market Index Performance</link:definition>
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			<link:definition>4410000 - Disclosure - Prospectus Adviser Class [Member] N-1A Cover</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>4410001 - Disclosure - Prospectus Adviser Class [Member] N-1A Supplement</link:definition>
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			<link:definition>4510002 - Disclosure - Prospectus SI Class [Member] Investment Objectives and Goals</link:definition>
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			<link:definition>4520010 - Disclosure - Prospectus SI Class [Member] Shareholder Fees</link:definition>
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			<link:definition>4520020 - Disclosure - Prospectus SI Class [Member] Annual Fund Operating Expenses</link:definition>
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			<link:definition>4520030 - Disclosure - Prospectus SI Class [Member] Expense Example</link:definition>
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			<link:definition>4520040 - Disclosure - Prospectus SI Class [Member] Expense Example, No Redemption</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>4520050 - Disclosure - Prospectus SI Class [Member] Annual Total Returns</link:definition>
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			<link:definition>4520060 - Disclosure - Prospectus SI Class [Member] Average Annual Total Returns</link:definition>
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			<link:definition>4520070 - Disclosure - Prospectus SI Class [Member] Market Index Performance</link:definition>
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			<link:definition>4510000 - Disclosure - Prospectus SI Class [Member] N-1A Cover</link:definition>
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			<link:definition>4510001 - Disclosure - Prospectus SI Class [Member] N-1A Supplement</link:definition>
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			<link:definition>4610002 - Disclosure - Prospectus Institutional Class [Member] Investment Objectives and Goals</link:definition>
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			<link:definition>4620010 - Disclosure - Prospectus Institutional Class [Member] Shareholder Fees</link:definition>
			<link:usedOn>link:presentationLink</link:usedOn>
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			<link:definition>4620020 - Disclosure - Prospectus Institutional Class [Member] Annual Fund Operating Expenses</link:definition>
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			<link:definition>4620030 - Disclosure - Prospectus Institutional Class [Member] Expense Example</link:definition>
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			<link:definition>4620040 - Disclosure - Prospectus Institutional Class [Member] Expense Example, No Redemption</link:definition>
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			<link:definition>4620045 - Disclosure - Prospectus Institutional Class [Member] Risks Data</link:definition>
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			<link:definition>4620050 - Disclosure - Prospectus Institutional Class [Member] Annual Total Returns</link:definition>
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			<link:definition>4620060 - Disclosure - Prospectus Institutional Class [Member] Average Annual Total Returns</link:definition>
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			<link:definition>4620070 - Disclosure - Prospectus Institutional Class [Member] Market Index Performance</link:definition>
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			<link:definition>4610000 - Disclosure - Prospectus Institutional Class [Member] N-1A Cover</link:definition>
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			<link:usedOn>link:definitionLink</link:usedOn>
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			<link:definition>4610001 - Disclosure - Prospectus Institutional Class [Member] N-1A Supplement</link:definition>
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			<link:definition>4710002 - Disclosure - Prospectus Retirement Class [Member] Investment Objectives and Goals</link:definition>
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			<link:definition>4710003 - Disclosure - Prospectus Retirement Class [Member] Fees and Expenses</link:definition>
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			<link:definition>4710004 - Disclosure - Prospectus Retirement Class [Member] Investment Strategy</link:definition>
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			<link:definition>4710006 - Disclosure - Prospectus Retirement Class [Member] Performance Management</link:definition>
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			<link:definition>4720010 - Disclosure - Prospectus Retirement Class [Member] Shareholder Fees</link:definition>
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			<link:definition>4720020 - Disclosure - Prospectus Retirement Class [Member] Annual Fund Operating Expenses</link:definition>
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			<link:definition>4720030 - Disclosure - Prospectus Retirement Class [Member] Expense Example</link:definition>
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			<link:definition>4720040 - Disclosure - Prospectus Retirement Class [Member] Expense Example, No Redemption</link:definition>
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			<link:definition>4720050 - Disclosure - Prospectus Retirement Class [Member] Annual Total Returns</link:definition>
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			<link:definition>4720060 - Disclosure - Prospectus Retirement Class [Member] Average Annual Total Returns</link:definition>
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			<link:definition>4720070 - Disclosure - Prospectus Retirement Class [Member] Market Index Performance</link:definition>
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			<link:definition>4710000 - Disclosure - Prospectus Retirement Class [Member] N-1A Cover</link:definition>
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			<link:definition>4710001 - Disclosure - Prospectus Retirement Class [Member] N-1A Supplement</link:definition>
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								<link:loc xlink:type="locator" xlink:href="#prg_CreditRisksMember" xlink:label="CreditRisksMember"/>
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				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="SocialImpactInvestingRiskMember" order="28.0"/>
				<link:loc xlink:type="locator" xlink:href="#prg_LocalCurrencyMember" xlink:label="LocalCurrencyMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="LocalCurrencyMember" order="29.0"/>
				<link:loc xlink:type="locator" xlink:href="#prg_FundVersusIndexFundMember" xlink:label="FundVersusIndexFundMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="FundVersusIndexFundMember" order="30.0"/>
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				<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentDomain" xlink:label="DocumentDomain"/>
				<link:loc xlink:type="locator" xlink:href="#prg_ProspectusInvestorClassMember" xlink:label="ProspectusInvestorClassMember"/>
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				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="DocumentDomain" xlink:to="OneYearFeeWaiverOrExpenseReimbursementMember" order="2.0"/>
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				<link:loc xlink:type="locator" xlink:href="#prg_ProspectusInstitutionalClassMember" xlink:label="ProspectusInstitutionalClassMember"/>
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				<link:loc xlink:type="locator" xlink:href="#prg_ProspectusRetirementClassMember" xlink:label="ProspectusRetirementClassMember"/>
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				<link:label xlink:type="resource" xlink:label="label_S000011750Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Cash Reserves Money Market Fund</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000032175Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Cash Reserves Money Market Fund (Investor Class)</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000032175Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000032175 [Member]</link:label>
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				<link:label xlink:type="resource" xlink:label="label_CreditRisksMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Credit Risks [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CreditRisksMember" xlink:to="label_CreditRisksMember"/>
				<link:loc xlink:type="locator" xlink:href="#prg_RepurchaseAgreementRiskMember" xlink:label="RepurchaseAgreementRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_RepurchaseAgreementRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Repurchase Agreement Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepurchaseAgreementRiskMember" xlink:to="label_RepurchaseAgreementRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#prg_GovernmentSecuritiesRiskMember" xlink:label="GovernmentSecuritiesRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_GovernmentSecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Government Securities Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GovernmentSecuritiesRiskMember" xlink:to="label_GovernmentSecuritiesRiskMember"/>
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				<link:label xlink:type="resource" xlink:label="label_ManagementRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Management Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementRiskMember" xlink:to="label_ManagementRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#prg_NoGovernmentGuaranteeMember" xlink:label="NoGovernmentGuaranteeMember"/>
				<link:label xlink:type="resource" xlink:label="label_NoGovernmentGuaranteeMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">No Government Guarantee [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoGovernmentGuaranteeMember" xlink:to="label_NoGovernmentGuaranteeMember"/>
				<link:loc xlink:type="locator" xlink:href="#prg_InterestRatesMember" xlink:label="InterestRatesMember"/>
				<link:label xlink:type="resource" xlink:label="label_InterestRatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Interest Rates [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRatesMember" xlink:to="label_InterestRatesMember"/>
				<link:loc xlink:type="locator" xlink:href="#prg_ProspectusInvestorClassMember" xlink:label="ProspectusInvestorClassMember"/>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProspectusInvestorClassMember" xlink:to="label_ProspectusInvestorClassMember"/>
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				<link:label xlink:type="resource" xlink:label="label_S000011751Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Limited Maturity Fund</link:label>
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				<link:label xlink:type="resource" xlink:label="label_LiquidityRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Liquidity Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiquidityRiskMember" xlink:to="label_LiquidityRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#prg_BelowInvestmentGradeCreditMember" xlink:label="BelowInvestmentGradeCreditMember"/>
				<link:label xlink:type="resource" xlink:label="label_BelowInvestmentGradeCreditMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Below Investment Grade Credit [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BelowInvestmentGradeCreditMember" xlink:to="label_BelowInvestmentGradeCreditMember"/>
				<link:loc xlink:type="locator" xlink:href="#prg_MortgageBackedAssetBackedSecuritiesMember" xlink:label="MortgageBackedAssetBackedSecuritiesMember"/>
				<link:label xlink:type="resource" xlink:label="label_MortgageBackedAssetBackedSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Mortgage Backed Asset Backed Securities [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MortgageBackedAssetBackedSecuritiesMember" xlink:to="label_MortgageBackedAssetBackedSecuritiesMember"/>
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				<link:label xlink:type="resource" xlink:label="label_ForeignInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Foreign Investments [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignInvestmentsMember" xlink:to="label_ForeignInvestmentsMember"/>
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				<link:label xlink:type="resource" xlink:label="label_DerivativesMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Derivatives [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativesMember" xlink:to="label_DerivativesMember"/>
				<link:loc xlink:type="locator" xlink:href="#prg_InvestmentCompanyAndExchangeTradedFundRiskMember" xlink:label="InvestmentCompanyAndExchangeTradedFundRiskMember"/>
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				<link:loc xlink:type="locator" xlink:href="#prg_AffiliatedFundRiskMember" xlink:label="AffiliatedFundRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_AffiliatedFundRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Affiliated Fund Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AffiliatedFundRiskMember" xlink:to="label_AffiliatedFundRiskMember"/>
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				<link:label xlink:type="resource" xlink:label="label_RedemptionRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Redemption Risk [Member]</link:label>
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				<link:loc xlink:type="locator" xlink:href="#prg_CybersecurityRiskMember" xlink:label="CybersecurityRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_CybersecurityRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Cybersecurity Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CybersecurityRiskMember" xlink:to="label_CybersecurityRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000011755Member" xlink:label="S000011755Member"/>
				<link:label xlink:type="resource" xlink:label="label_S000011755Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Low Duration Fund</link:label>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011755Member" xlink:to="label_S000011755Member_2"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000011755BloombergUSAggregateBondIndexMember" xlink:label="S000011755BloombergUSAggregateBondIndexMember"/>
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				<link:label xlink:type="resource" xlink:label="label_S000011755BloombergUSAggregateBondIndexMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000011755 Bloomberg U S Aggregate Bond Index [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011755BloombergUSAggregateBondIndexMember" xlink:to="label_S000011755BloombergUSAggregateBondIndexMember_2"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000011755ICEBofA13YearUSTreasuryIndexMember" xlink:label="S000011755ICEBofA13YearUSTreasuryIndexMember"/>
				<link:label xlink:type="resource" xlink:label="label_S000011755ICEBofA13YearUSTreasuryIndexMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">ICE BofA 1-3 Year U.S. Treasury Index (The returns for the indices are before any deduction for taxes, fees or expenses.)</link:label>
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				<link:label xlink:type="resource" xlink:label="label_S000011755ICEBofA13YearUSTreasuryIndexMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000011755 ICE BofA 1 3 Year U S Treasury Index [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011755ICEBofA13YearUSTreasuryIndexMember" xlink:to="label_S000011755ICEBofA13YearUSTreasuryIndexMember_2"/>
				<link:loc xlink:type="locator" xlink:href="#prg_C000032180Member" xlink:label="C000032180Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000032180Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Low Duration Fund (Investor Class)</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000032180Member" xlink:to="label_C000032180Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000032180Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000032180 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000032180Member" xlink:to="label_C000032180Member_2"/>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000032180Member" xlink:to="label_C000032180Member_3"/>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OneYearFeeWaiverOrExpenseReimbursementMember" xlink:to="label_OneYearFeeWaiverOrExpenseReimbursementMember"/>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OneYearFeeWaiverOrExpenseReimbursementMember" xlink:to="label_OneYearFeeWaiverOrExpenseReimbursementMember_2"/>
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				<link:label xlink:type="resource" xlink:label="label_S000011758Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden U.S. Government Fund</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011758Member" xlink:to="label_S000011758Member"/>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011758Member" xlink:to="label_S000011758Member_2"/>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011758BloombergUSAggregateBondIndexMember" xlink:to="label_S000011758BloombergUSAggregateBondIndexMember_2"/>
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				<link:label xlink:type="resource" xlink:label="label_ICEBofA15YearUSTreasuryIndexMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">ICE BofA 1-5 Year U.S. Treasury Index (The returns for the indices are before any deduction for taxes, fees or expenses.)</link:label>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ICEBofA15YearUSTreasuryIndexMember" xlink:to="label_ICEBofA15YearUSTreasuryIndexMember_2"/>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000032183Member" xlink:to="label_C000032183Member_2"/>
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				<link:label xlink:type="resource" xlink:label="label_ExtensionRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Extension Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtensionRiskMember" xlink:to="label_ExtensionRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#prg_USTreasuryAndAgencyObligationsMember" xlink:label="USTreasuryAndAgencyObligationsMember"/>
				<link:label xlink:type="resource" xlink:label="label_USTreasuryAndAgencyObligationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">U S Treasury and Agency Obligations [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="USTreasuryAndAgencyObligationsMember" xlink:to="label_USTreasuryAndAgencyObligationsMember"/>
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				<link:label xlink:type="resource" xlink:label="label_PrepaymentRisksMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Prepayment Risks [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaymentRisksMember" xlink:to="label_PrepaymentRisksMember"/>
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				<link:label xlink:type="resource" xlink:label="label_S000011765Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden GNMA Fund</link:label>
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				<link:label xlink:type="resource" xlink:label="label_S000011765Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000011765 [Member]</link:label>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011765BloombergUSAggregateBondIndexMember" xlink:to="label_S000011765BloombergUSAggregateBondIndexMember_2"/>
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				<link:label xlink:type="resource" xlink:label="label_ICEBofAUSGNMAMortgageBackedSecuritiesIndexMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">ICE BofA U S GNMA Mortgage Backed Securities Index [Member]</link:label>
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				<link:loc xlink:type="locator" xlink:href="#prg_C000032190Member" xlink:label="C000032190Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000032190Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden GNMA Fund (Investor Class)</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000032190Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000032190 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000032190Member" xlink:to="label_C000032190Member_2"/>
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				<link:label xlink:type="resource" xlink:label="label_S000011761Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Core Bond Fund</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000032186Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Core Bond Fund (Investor Class)</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000032186Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000032186 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000032186Member" xlink:to="label_C000032186Member_2"/>
				<link:label xlink:type="resource" xlink:label="label_C000032186Member_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Payden Core Bond Fund (Investor Class) For Participants</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000032186Member" xlink:to="label_C000032186Member_3"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000045226Member" xlink:label="S000045226Member"/>
				<link:label xlink:type="resource" xlink:label="label_S000045226Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Strategic Income Fund</link:label>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000045226Member" xlink:to="label_S000045226Member_2"/>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000045226BloombergUSAggregateBondIndexMember" xlink:to="label_S000011761BloombergUSAggregateBondIndexMember"/>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000045226BloombergUSAggregateBondIndexMember" xlink:to="label_S000045226BloombergUSAggregateBondIndexMember_2"/>
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				<link:label xlink:type="resource" xlink:label="label_C000140807Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Strategic Income Fund (Investor Class)</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000140807Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000140807 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000140807Member" xlink:to="label_C000140807Member_2"/>
				<link:label xlink:type="resource" xlink:label="label_C000140807Member_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Payden Strategic Income Fund (Investor Class) For Participants</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000140807Member" xlink:to="label_C000140807Member_3"/>
				<link:loc xlink:type="locator" xlink:href="#prg_EmergingMarketsMember" xlink:label="EmergingMarketsMember"/>
				<link:label xlink:type="resource" xlink:label="label_EmergingMarketsMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Emerging Markets [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmergingMarketsMember" xlink:to="label_EmergingMarketsMember"/>
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				<link:label xlink:type="resource" xlink:label="label_EquitySecuritiessMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Equity Securitiess [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquitySecuritiessMember" xlink:to="label_EquitySecuritiessMember"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000047032Member" xlink:label="S000047032Member"/>
				<link:label xlink:type="resource" xlink:label="label_S000047032Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Absolute Return Bond Fund</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000047032Member" xlink:to="label_S000047032Member"/>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000047032Member" xlink:to="label_S000047032Member_2"/>
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				<link:label xlink:type="resource" xlink:label="label_S000047032BloombergUSAggregateBondIndexMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000047032 Bloomberg US Aggregate Bond Index [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000047032BloombergUSAggregateBondIndexMember" xlink:to="label_S000047032BloombergUSAggregateBondIndexMember_2"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000047032ICEBofAUS1MonthTreasuryBillIndexMember" xlink:label="S000047032ICEBofAUS1MonthTreasuryBillIndexMember"/>
				<link:label xlink:type="resource" xlink:label="label_S000047032ICEBofAUS1MonthTreasuryBillIndexMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">ICE BofA U.S. 1-Month Treasury Bill Index (The returns for the indices are before any deduction for taxes, fees or expenses.)</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000047032ICEBofAUS1MonthTreasuryBillIndexMember" xlink:to="label_S000047032ICEBofAUS1MonthTreasuryBillIndexMember"/>
				<link:label xlink:type="resource" xlink:label="label_S000047032ICEBofAUS1MonthTreasuryBillIndexMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000047032 ICE BofA US 1 Month Treasury Bill Index [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000047032ICEBofAUS1MonthTreasuryBillIndexMember" xlink:to="label_S000047032ICEBofAUS1MonthTreasuryBillIndexMember_2"/>
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				<link:label xlink:type="resource" xlink:label="label_C000146994Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Absolute Return Bond Fund (Investor Class)</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000146994Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000146994 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000146994Member" xlink:to="label_C000146994Member_2"/>
				<link:label xlink:type="resource" xlink:label="label_C000146994Member_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Payden Absolute Return Bond Fund (Investor Class) For Participants</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000146994Member" xlink:to="label_C000146994Member_3"/>
				<link:loc xlink:type="locator" xlink:href="#prg_AbsoluteReturnStrategyRiskMember" xlink:label="AbsoluteReturnStrategyRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_AbsoluteReturnStrategyRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Absolute return strategy risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AbsoluteReturnStrategyRiskMember" xlink:to="label_AbsoluteReturnStrategyRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000025162Member" xlink:label="S000025162Member"/>
				<link:label xlink:type="resource" xlink:label="label_S000025162Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Corporate Bond Fund</link:label>
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				<link:label xlink:type="resource" xlink:label="label_S000025162Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000025162 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000025162Member" xlink:to="label_S000025162Member_2"/>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000075033Member" xlink:to="label_C000075033Member_2"/>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000075033Member" xlink:to="label_C000075033Member_3"/>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011767Member" xlink:to="label_S000011767Member_2"/>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011767BloombergUSAggregateBondIndexOneMember" xlink:to="label_S000011767BloombergUSAggregateBondIndexOneMember_2"/>
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				<link:loc xlink:type="locator" xlink:href="#prg_C000032192Member" xlink:label="C000032192Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000032192Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden High Income Fund (Investor Class)</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000032192Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000032192 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000032192Member" xlink:to="label_C000032192Member_2"/>
				<link:label xlink:type="resource" xlink:label="label_C000032192Member_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Payden High Income Fund (Investor Class) For Participants</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000032192Member" xlink:to="label_C000032192Member_3"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000076847Member" xlink:label="S000076847Member"/>
				<link:label xlink:type="resource" xlink:label="label_S000076847Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Securitized Income Fund</link:label>
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				<link:loc xlink:type="locator" xlink:href="#prg_C000236944Member" xlink:label="C000236944Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000236944Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Securitized Income Fund (Investor Class)</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000236944Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000236944 [Member]</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000236944Member_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Payden Securitized Income Fund (Investor Class) For Participants</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000236944Member" xlink:to="label_C000236944Member_3"/>
				<link:loc xlink:type="locator" xlink:href="#prg_CollateralizedLoanObligationsRiskMember" xlink:label="CollateralizedLoanObligationsRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_CollateralizedLoanObligationsRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Collateralized Loan Obligations Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CollateralizedLoanObligationsRiskMember" xlink:to="label_CollateralizedLoanObligationsRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000042521Member" xlink:label="S000042521Member"/>
				<link:label xlink:type="resource" xlink:label="label_S000042521Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Floating Rate Fund</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000042521Member" xlink:to="label_S000042521Member"/>
				<link:label xlink:type="resource" xlink:label="label_S000042521Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000042521 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000042521Member" xlink:to="label_S000042521Member_2"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000042521BloombergU.S.AggregateBondIndexThreeMember" xlink:label="S000042521BloombergU.S.AggregateBondIndexThreeMember"/>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000042521BloombergU.S.AggregateBondIndexThreeMember" xlink:to="label_S000011751BloombergUSAggregateBondIndexMember"/>
				<link:label xlink:type="resource" xlink:label="label_S000042521BloombergU.S.AggregateBondIndexThreeMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000042521 Bloomberg U.S. Aggregate Bond Index Three [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000042521BloombergU.S.AggregateBondIndexThreeMember" xlink:to="label_S000042521BloombergU.S.AggregateBondIndexThreeMember_2"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000042521BloombergU.S.LeveragedLoanIndexThreeMember" xlink:label="S000042521BloombergU.S.LeveragedLoanIndexThreeMember"/>
				<link:label xlink:type="resource" xlink:label="label_S000042521BloombergU.S.LeveragedLoanIndexThreeMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Bloomberg U.S. Leveraged Loan Index (The returns for the indices are before any deduction for taxes, fees or expenses.)</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000042521BloombergU.S.LeveragedLoanIndexThreeMember" xlink:to="label_S000042521BloombergU.S.LeveragedLoanIndexThreeMember"/>
				<link:label xlink:type="resource" xlink:label="label_S000042521BloombergU.S.LeveragedLoanIndexThreeMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000042521 Bloomberg U.S. Leveraged Loan Index Three [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000042521BloombergU.S.LeveragedLoanIndexThreeMember" xlink:to="label_S000042521BloombergU.S.LeveragedLoanIndexThreeMember_2"/>
				<link:loc xlink:type="locator" xlink:href="#prg_C000131550Member" xlink:label="C000131550Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000131550Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Floating Rate Fund (Investor Class)</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000131550Member" xlink:to="label_C000131550Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000131550Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000131550 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000131550Member" xlink:to="label_C000131550Member_2"/>
				<link:label xlink:type="resource" xlink:label="label_C000131550Member_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Payden Floating Rate Fund (Investor Class) For Participants</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000131550Member" xlink:to="label_C000131550Member_3"/>
				<link:loc xlink:type="locator" xlink:href="#prg_SeniorLoansRiskMember" xlink:label="SeniorLoansRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_SeniorLoansRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Senior Loans Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeniorLoansRiskMember" xlink:to="label_SeniorLoansRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000011760Member" xlink:label="S000011760Member"/>
				<link:label xlink:type="resource" xlink:label="label_S000011760Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden California Municipal Social Impact Fund</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011760Member" xlink:to="label_S000011760Member"/>
				<link:label xlink:type="resource" xlink:label="label_S000011760Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000011760 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011760Member" xlink:to="label_S000011760Member_2"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000011760BloombergMunicipalBondIndexMember" xlink:label="S000011760BloombergMunicipalBondIndexMember"/>
				<link:label xlink:type="resource" xlink:label="label_S000011760BloombergMunicipalBondIndexMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Bloomberg Municipal Bond Index (The returns for the indices are before any deduction for taxes, fees or expenses.)</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011760BloombergMunicipalBondIndexMember" xlink:to="label_S000011760BloombergMunicipalBondIndexMember"/>
				<link:label xlink:type="resource" xlink:label="label_S000011760BloombergMunicipalBondIndexMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000011760 Bloomberg Municipal Bond Index [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011760BloombergMunicipalBondIndexMember" xlink:to="label_S000011760BloombergMunicipalBondIndexMember_2"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000011760BloombergMunicipalBondMFCaliforniaIntermediateIndexMember" xlink:label="S000011760BloombergMunicipalBondMFCaliforniaIntermediateIndexMember"/>
				<link:label xlink:type="resource" xlink:label="label_S000011760BloombergMunicipalBondMFCaliforniaIntermediateIndexMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Bloomberg Municipal Bond M.F. California Intermediate Index (The returns for the indices are before any deduction for taxes, fees or expenses.)</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011760BloombergMunicipalBondMFCaliforniaIntermediateIndexMember" xlink:to="label_S000011760BloombergMunicipalBondMFCaliforniaIntermediateIndexMember"/>
				<link:label xlink:type="resource" xlink:label="label_S000011760BloombergMunicipalBondMFCaliforniaIntermediateIndexMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000011760 Bloomberg Municipal Bond MF California Intermediate Index [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011760BloombergMunicipalBondMFCaliforniaIntermediateIndexMember" xlink:to="label_S000011760BloombergMunicipalBondMFCaliforniaIntermediateIndexMember_2"/>
				<link:loc xlink:type="locator" xlink:href="#prg_C000032185Member" xlink:label="C000032185Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000032185Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden California Municipal Social Impact Fund (Investor Class)</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000032185Member" xlink:to="label_C000032185Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000032185Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000032185 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000032185Member" xlink:to="label_C000032185Member_2"/>
				<link:loc xlink:type="locator" xlink:href="#prg_MunicipalSecuritiesMember" xlink:label="MunicipalSecuritiesMember"/>
				<link:label xlink:type="resource" xlink:label="label_MunicipalSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Municipal Securities [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MunicipalSecuritiesMember" xlink:to="label_MunicipalSecuritiesMember"/>
				<link:loc xlink:type="locator" xlink:href="#prg_CaliforniaMunicipalSecuritiesMember" xlink:label="CaliforniaMunicipalSecuritiesMember"/>
				<link:label xlink:type="resource" xlink:label="label_CaliforniaMunicipalSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">California Municipal Securities [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CaliforniaMunicipalSecuritiesMember" xlink:to="label_CaliforniaMunicipalSecuritiesMember"/>
				<link:loc xlink:type="locator" xlink:href="#prg_SocialImpactInvestingRiskMember" xlink:label="SocialImpactInvestingRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_SocialImpactInvestingRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Social Impact Investing Risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SocialImpactInvestingRiskMember" xlink:to="label_SocialImpactInvestingRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000011764Member" xlink:label="S000011764Member"/>
				<link:label xlink:type="resource" xlink:label="label_S000011764Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Global Low Duration Fund</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011764Member" xlink:to="label_S000011764Member"/>
				<link:label xlink:type="resource" xlink:label="label_S000011764Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000011764 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011764Member" xlink:to="label_S000011764Member_2"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000011764BloombergGlobalAggregateIndexMember" xlink:label="S000011764BloombergGlobalAggregateIndexMember"/>
				<link:label xlink:type="resource" xlink:label="label_S000011764BloombergGlobalAggregateIndexMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Bloomberg Global Aggregate Index (The returns for the indices are before any deduction for taxes, fees or expenses.)</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011764BloombergGlobalAggregateIndexMember" xlink:to="label_S000011764BloombergGlobalAggregateIndexMember"/>
				<link:label xlink:type="resource" xlink:label="label_S000011764BloombergGlobalAggregateIndexMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000011764 Bloomberg Global Aggregate Index [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011764BloombergGlobalAggregateIndexMember" xlink:to="label_S000011764BloombergGlobalAggregateIndexMember_2"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000011764ICEBofA13YearUSCorporateGovernmentIndexMember" xlink:label="S000011764ICEBofA13YearUSCorporateGovernmentIndexMember"/>
				<link:label xlink:type="resource" xlink:label="label_S000011764ICEBofA13YearUSCorporateGovernmentIndexMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">ICE BofA 1-3 Year U.S. Corporate &amp; Government Index (The returns for the indices are before any deduction for taxes, fees or expenses.)</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011764ICEBofA13YearUSCorporateGovernmentIndexMember" xlink:to="label_S000011764ICEBofA13YearUSCorporateGovernmentIndexMember"/>
				<link:label xlink:type="resource" xlink:label="label_S000011764ICEBofA13YearUSCorporateGovernmentIndexMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000011764 ICE BofA 13 Year US Corporate Government Index [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011764ICEBofA13YearUSCorporateGovernmentIndexMember" xlink:to="label_S000011764ICEBofA13YearUSCorporateGovernmentIndexMember_2"/>
				<link:loc xlink:type="locator" xlink:href="#prg_C000032189Member" xlink:label="C000032189Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000032189Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Global Low Duration Fund (Investor Class)</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000032189Member" xlink:to="label_C000032189Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000032189Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000032189 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000032189Member" xlink:to="label_C000032189Member_2"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000011763Member" xlink:label="S000011763Member"/>
				<link:label xlink:type="resource" xlink:label="label_S000011763Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Global Fixed Income Fund</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011763Member" xlink:to="label_S000011763Member"/>
				<link:label xlink:type="resource" xlink:label="label_S000011763Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000011763 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011763Member" xlink:to="label_S000011763Member_2"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000011763BloombergGlobalAggregateIndexMember" xlink:label="S000011763BloombergGlobalAggregateIndexMember"/>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011763BloombergGlobalAggregateIndexMember" xlink:to="label_S000011764BloombergGlobalAggregateIndexMember"/>
				<link:label xlink:type="resource" xlink:label="label_S000011763BloombergGlobalAggregateIndexMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000011763 Bloomberg Global Aggregate Index [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011763BloombergGlobalAggregateIndexMember" xlink:to="label_S000011763BloombergGlobalAggregateIndexMember_2"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000011763BloombergGlobalAggregateIndexUSDHedged3Member" xlink:label="S000011763BloombergGlobalAggregateIndexUSDHedged3Member"/>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000228770Member" xlink:to="label_C000228770Member_3"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000011755ICEBofa13YearUSTreasuryIndex1Member" xlink:label="S000011755ICEBofa13YearUSTreasuryIndex1Member"/>
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				<link:label xlink:type="resource" xlink:label="label_C000236135Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Low Duration Fund (SI Class)</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000236135Member_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Payden Low Duration Fund (SI Class) For Participants</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000236135Member" xlink:to="label_C000236135Member_3"/>
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				<link:label xlink:type="resource" xlink:label="label_C000198612Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000198612 [Member]</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000198612Member_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Payden Core Bond Fund (SI Class) For Participants</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000140808Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Strategic Income Fund (SI Class)</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000140808Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000140808 [Member]</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000140808Member_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Payden Strategic Income Fund (SI Class) For Participants</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000146996Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000146996 [Member]</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000146996Member_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Payden Absolute Return Bond Fund (SI Class) For Participants</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000146996Member" xlink:to="label_C000146996Member_3"/>
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				<link:label xlink:type="resource" xlink:label="label_C000236137Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Corporate Bond Fund (SI Class)</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000236137Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000236137 [Member]</link:label>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000236137Member" xlink:to="label_C000236137Member_3"/>
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				<link:loc xlink:type="locator" xlink:href="#prg_C000236136Member" xlink:label="C000236136Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000236136Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden High Income Fund (SI Class)</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000236136Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000236136 [Member]</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000236136Member_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Payden High Income Fund (SI Class) For Participants</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000236136Member" xlink:to="label_C000236136Member_3"/>
				<link:loc xlink:type="locator" xlink:href="#prg_C000236945Member" xlink:label="C000236945Member"/>
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				<link:label xlink:type="resource" xlink:label="label_C000236945Member_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Payden Securitized Income Fund (SI Class) For Participants</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000236945Member" xlink:to="label_C000236945Member_3"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000042521BloombergUSAggregateBondIndexMember" xlink:label="S000042521BloombergUSAggregateBondIndexMember"/>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000042521BloombergUSAggregateBondIndexMember" xlink:to="label_S000042521BloombergUSAggregateBondIndexMember_2"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000042521BloombergUSLeveragedLoanIndexMember" xlink:label="S000042521BloombergUSLeveragedLoanIndexMember"/>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000042521BloombergUSLeveragedLoanIndexMember" xlink:to="label_S000042521BloombergUSLeveragedLoanIndexMember_2"/>
				<link:loc xlink:type="locator" xlink:href="#prg_C000136207Member" xlink:label="C000136207Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000136207Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Floating Rate Fund (SI Class)</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000136207Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000136207 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000136207Member" xlink:to="label_C000136207Member_2"/>
				<link:label xlink:type="resource" xlink:label="label_C000136207Member_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Payden Floating Rate Fund (SI Class) For Participants</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000136207Member" xlink:to="label_C000136207Member_3"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000011763BloombergGlobalAggregateIndexUSDHedgedMember" xlink:label="S000011763BloombergGlobalAggregateIndexUSDHedgedMember"/>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000011763BloombergGlobalAggregateIndexUSDHedgedMember" xlink:to="label_S000011763BloombergGlobalAggregateIndexUSDHedgedMember_2"/>
				<link:loc xlink:type="locator" xlink:href="#prg_C000228771Member" xlink:label="C000228771Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000228771Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Global Fixed Income Fund (SI Class)</link:label>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000228771Member" xlink:to="label_C000228771Member_2"/>
				<link:loc xlink:type="locator" xlink:href="#prg_S000011762JPMorganEMBIGlobalDiversifiedIndexMember" xlink:label="S000011762JPMorganEMBIGlobalDiversifiedIndexMember"/>
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				<link:label xlink:type="resource" xlink:label="label_C000115587Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Emerging Markets Bond Fund (SI Class)</link:label>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000115587Member" xlink:to="label_C000115587Member_3"/>
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				<link:label xlink:type="resource" xlink:label="label_C000236138Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Emerging Markets Local Bond Fund (SI Class)</link:label>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000236138Member" xlink:to="label_C000236138Member_2"/>
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				<link:label xlink:type="resource" xlink:label="label_ProspectusAdviserClassMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Prospectus Adviser Class [Member]</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000246929Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Limited Maturity Fund (Adviser Class)</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000246929Member_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Payden Limited Maturity Fund (Adviser Class) For Participants</link:label>
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				<link:loc xlink:type="locator" xlink:href="#prg_C000248241Member" xlink:label="C000248241Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000248241Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Low Duration Fund (Adviser Class)</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000248241Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000248241 [Member]</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000248241Member_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Payden Low Duration Fund (Adviser Class) For Participants</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000080936Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Core Bond Fund (Adviser Class)</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000080936Member_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Payden Core Bond Fund (Adviser Class) For Participants</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000080936Member" xlink:to="label_C000080936Member_3"/>
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				<link:label xlink:type="resource" xlink:label="label_C000248246Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Strategic Income Fund (Adviser Class)</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000248247Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Absolute Return Bond Fund (Adviser Class)</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000248247Member_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Payden Absolute Return Bond Fund (Adviser Class) For Participants</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000248247Member" xlink:to="label_C000248247Member_3"/>
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				<link:label xlink:type="resource" xlink:label="label_C000248244Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Corporate Bond Fund (Adviser Class)</link:label>
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				<link:loc xlink:type="locator" xlink:href="#prg_C000248243Member" xlink:label="C000248243Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000248243Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden High Income Fund (Adviser Class)</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000248243Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000248243 [Member]</link:label>
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				<link:label xlink:type="resource" xlink:label="label_C000248243Member_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Payden High Income Fund (Adviser Class) For Participants</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000248243Member" xlink:to="label_C000248243Member_3"/>
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				<link:label xlink:type="resource" xlink:label="label_C000248245Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Payden Floating Rate Fund (Adviser Class)</link:label>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000080937Member" xlink:to="label_C000080937Member_3"/>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000110231Member" xlink:to="label_C000110231Member_3"/>
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				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000022678Member" xlink:to="label_S000022678Member_2"/>
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