About PYEIX
Payden Emerging Markets Bond Fund SI Class is an open-end mutual fund designed to provide exposure to debt securities issued by sovereign and corporate entities in emerging market countries. Managed by Payden & Rygel, the fund’s primary objective is to deliver a high level of total return through a diversified portfolio that strategically allocates capital across regions such as Latin America, Eastern Europe, Asia, Africa, and the Middle East. Investments are selected via rigorous analysis of macroeconomic variables, sovereign credit profiles, political stability, and the quality of each country's business environment. While the fund has a primary focus on U.S. dollar-denominated bonds, it also seeks selective opportunities in local currency markets to enhance geographic and currency diversification.
With a strong emphasis on sovereign debt, complemented by opportunistic allocations to corporate issuers, the fund aims for broad representation of emerging market fixed income. Notably, it employs a pure bond strategy with limited use of credit default swaps or distressed debt. The fund is appropriate for investors with a long-term horizon who seek diversification away from developed market bonds and are comfortable navigating the higher volatility associated with emerging market economies. Its benchmark is the J.P. Morgan EMBI Global Diversified Index, reflecting its commitment to capturing the opportunities and challenges of global emerging debt markets.
Fund Family Paydenfunds
Category Emerging Markets Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PYEIX
Share Class (si Class)
Index JP Morgan EMBI Global Diversified TR
PYEIX had a total return of 9.43% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.60%.
