Paydenfunds may be purchased at net-asset value without a sales charge.
To open a regular account, read the prospectus
and complete a regular application.
To open a tax-sheltered retirement plan, such as an IRA,
read the prospectus and complete
the special IRA application.
Mail your completed application(s) to the address below
under "Initial investment." Shares cannot be purchased
until a properly completed application has been received.
When purchasing through a broker, the broker may charge transaction
fees for the purchase and/or sale of shares.
Initial investment
Online - NEW!
Paydenfunds are now available for purchase online.
Open
your account online
By check
Complete application
Make check payable to Paydenfunds and mail with application
to:
Paydenfunds
P.O. Box 1611
Milwaukee, Wisconsin 53201-1611
By federal funds wire
Complete application and mail
to:
Paydenfunds
P.O. Box 1611
Milwaukee, Wisconsin 53201-1611
After the application has been processed, wire funds to the Paydenfunds
custodian:
Mellon Trust of New England, NA
ABA 011001234
A/C #115762 Mutual Funds #6630
Credit to (name of specific fund here)
For Account of (insert your account name here)
Please call Paydenfunds at 888 409-8007 to advise of any purchases by
wire.
Note: Purchases will
be at the net-asset value per share effective the day following
the receipt of an accurately completed application. It will
accept purchase orders only on days in which the funds and
the custodian are open for business. Funds and the custodian
are "open for business" on each day the New York
Stock Exchange is open for trading. The New York Stock Exchange
is closed on the following holidays: New Year's Day, Martin
Luther King, Jr. Day, Presidents' Day, Good Friday, Memorial
Day, Independence Day, Labor Day, Thanksgiving Day and Christmas
Day. In addition, the custodian is closed Columbus Day and
Veteran's Day, and funds received for purchase on those days
are processed on the following business day.
Additional investments
Additional investments may be made at any time at the net-asset
value by mailing a check, using the account
access function on this site (user registration required),
or by calling the distributor and transferring funds through
electronically.
Minimum investment
The minimum initial and additional investments per account, for each type of account
are as follows:
ACCOUNT
TYPE | |
INITIAL
INVESTMENT | |
ADDITIONAL
INVESTMENT |
| Regular | |
$ 5,000 | |
$ 250 |
| Tax-Sheltered | |
$ 2,000 | |
$ 250 |
Electronic Investment Plan: |
| Set schedule | |
$ 2,500 | |
$ 250 |
| No set schedule | |
$ 5,000 | |
$ 250 |
Purchases through brokers
Paydenfunds has authorized one or more brokers to accept purchase
orders on behalf of the funds. Such brokers are authorized
to designate intermediaries to accept purchase orders on behalf
of the funds. A fund will be deemed to have received a purchase
order when an authorized broker or broker-authorized designee
accepts the order. An investor’s purchase order will
be priced at the fund's net-asset value next computed after
the order is accepted by an authorized broker or broker-authorized
designee. The authorized broker or broker-authorized designee
may charge the customer a fee for handling the purchase order.
Other purchase information
The funds issue full and fractional shares, but do not issue
certificates. Some funds may not be available in all jurisdictions.
Each fund reserves the right, in its sole discretion, to suspend
the offering of its shares; to reject purchase orders when,
in the judgment of its management, such suspension or rejection
is in the best interest of the fund; and to redeem shares
if information provided in the client application proves to
be incorrect in any manner.
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