Payden & Rygel charges fees based on the market value of assets under management, billed monthly or quarterly. The fee schedules listed are standard, but fees are negotiable in certain circumstances. Fee schedules may be modified to reflect the specific nature of services provided to a particular client, and may include fixed fee arrangements or performance-based fee arrangements. PRAAM fees for balanced accounts are 0.60% on the first $5 million, 0.45% on the next $5 million, 0.25% on the next $15 million, and 0.10% thereafter. PRAAM fees for bond-only accounts are 0.25% on all assets.