X0101 EFFECT 33 LIVE 2018-01-19 0001193125-18-013423 485APOS 0000885709 PAYDEN & RYGEL INVESTMENT GROUP 033-46973 S000011750 Payden Cash Reserves Money Market Fund C000032175 Payden Cash Reserves Money Market Fund (Investor Class) S000011751 Payden Limited Maturity Fund C000032176 Payden Limited Maturity Fund (Investor Class) S000011755 Payden Low Duration Fund C000032180 Payden Low Duration Fund (Investor Class) S000011758 Payden U.S. Government Fund C000032183 Payden U.S. Government Fund (Investor Class) S000011760 Payden California Muncipal Income Fund C000032185 Payden California Muncipal Income Fund (Investor Class) S000011761 Payden Core Bond Fund C000032186 Payden Core Bond Fund (Investor Class) S000011761 Payden Core Bond Fund C000080936 Payden Core Bond Fund (Adviser Class) S000011761 Payden Core Bond Fund C000198612 SI Class S000011762 Payden Emerging Markets Bond Fund C000032187 Payden Emerging Markets Bond Fund (Investor Class) S000011762 Payden Emerging Markets Bond Fund C000080937 Payden Emerging Markets Bond Fund (Adviser Class) S000011762 Payden Emerging Markets Bond Fund C000115587 Payden Emerging Markets Bond Fund (SI Class) S000011763 Payden Global Fixed Income Fund C000032188 Payden Global Fixed Income Fund (Investor Class) S000011764 Payden Global Low Duration Fund C000032189 Payden Global Low Duration Fund (Investor Class) S000011765 Payden GNMA Fund C000032190 Payden GNMA Fund (Investor Class) S000011766 Payden Equity Income Fund C000032191 Payden Equity Income Fund (Investor Class) S000011766 Payden Equity Income Fund C000110231 Payden Equity Income Fund (Adviser Class) S000011766 Payden Equity Income Fund C000146917 Payden Equity Income Fund (SI Class) S000011767 Payden High Income Fund C000032192 Payden High Income Fund (Investor Class) S000022678 Payden/Kravitz Cash Balance Plan Fund C000065580 Payden/Kravitz Cash Balance Plan Fund (SI Class) S000022678 Payden/Kravitz Cash Balance Plan Fund C000069457 Payden/Kravitz Cash Balance Plan Fund (Adviser Class) S000022678 Payden/Kravitz Cash Balance Plan Fund C000077412 Payden/Kravitz Cash Balance Plan Fund (Retirement Class) S000022678 Payden/Kravitz Cash Balance Plan Fund C000172680 Payden/Kravitz Cash Balance Plan Fund (Institutional Class) S000025162 Payden Corporate Bond Fund C000075033 Payden Corporate Bond Fund (Investor Class) S000033934 Payden Emerging Markets Local Bond Fund C000104641 Payden Emerging Markets Local Bond Fund (Investor Class) S000042521 Payden Floating Rate Fund C000131550 Payden Floating Rate Fund (Investor Class) S000042521 Payden Floating Rate Fund C000136207 Payden Floating Rate Fund (SI Class) S000042522 Payden Emerging Markets Corporate Bond Fund C000131551 Payden Emerging Markets Corporate Bond Fund (Investor Class) S000042522 Payden Emerging Markets Corporate Bond Fund C000136209 Payden Emerging Markets Corporate Bond Fund (SI Class) S000045226 Payden Strategic Income Fund C000140807 Payden Strategic Income Fund (Investor Class) S000045226 Payden Strategic Income Fund C000140808 Payden Strategic Income Fund (SI Class) S000047032 Payden Absolute Return Bond Fund C000146994 Payden Absolute Return Bond Fund (Investor Class) S000047032 Payden Absolute Return Bond Fund C000146996 Payden Absolute Return Bond Fund (SI Class)