X0101 EFFECT 33 LIVE 2014-09-16 0001193125-14-293399 485APOS 0000885709 PAYDEN & RYGEL INVESTMENT GROUP 033-46973 S000047032 Payden Absolute Return Bond Fund C000146994 Investor Class S000047032 Payden Absolute Return Bond Fund C000146995 Adviser Class S000047032 Payden Absolute Return Bond Fund C000146996 SI Class