Fees and Compensation — Form ADV Part 2A (3/31/2022)
[Brochure]
Item 5: Fees and Compensation
The fees that Payden/Kravitz charges for its investment management services are based on the
market value of the assets under management. Fee schedules are expressed at an annual rate, but
fees are billed monthly or quarterly, depending on the client's preference, and are calculated in
arrears. Payden & Rygel bills the client for fees incurred.
Clients will incur brokerage and other transaction charges. Please review Item 12 of this brochure
on Brokerage Practices.
The fee schedules below are Payden/Kravitz's standard fee rates for various types of accounts.
However, fees are negotiable in certain circumstances. For example, a client may pay fees based
on historical fee schedules that are not offered to new clients. Further, since Payden/Kravitz
manages portfolios to meet specific client needs, fee schedules may be modified to reflect the
specific nature of services provided to a particular client, and may include, for example, fixed fee
arrangements, performance-based fee arrangement, different valuation dates or billing
arrangements.
The following schedules provide details of the standard fees charged for various accounts:
Payden/Kravitz Cash Balance Fee with Individual Securities (Minimum account size: $50
million)
Annual Fee
- First $100 Million 0.55%
- Thereafter 0.45%
Account Minimums and Types of Clients — Form ADV Part 2A (3/31/2022)
[Brochure]
Item 7: Types of Clients
Payden/Kravitz's client base is institutional in nature, including in particular pension and profit-
sharing plans and investment companies.
As indicated above under Item 5, Payden/Kravitz's fee schedules include minimum account
sizes.
AUM Breakdown
Accounts
AUM ($M)
By Client Type
(a) Individuals (other than high net worth individuals)
0
0.0
(b) Individuals (high net worth individuals)
0
0.0
(c) Banking or thrift institutions
0
0.0
(d) Investment companies
1
117.0
(e) Business development companies
0
0.0
(f) Pooled investment vehicles
0
0.0
(g) Pension and profit sharing plans
0
0.0
(h) Charitable organizations
0
0.0
(i) State or municipal government entities
0
0.0
(j) Other investment advisers
0
0.0
(k) Insurance companies
0
0.0
(l) Sovereign wealth funds and foreign official institutions
0
0.0
(m) Corporations or other businesses not listed above