Payden Emerging Markets Local Bond Inv (PYELX)
| Fund Assets | 102.15M |
| Expense Ratio | 0.99% |
| Min. Investment | $5,000 |
| Turnover | 61.00% |
| Dividend (ttm) | 0.65 |
| Dividend Yield | 6.56% |
| Dividend Growth | 5.62% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 29, 2025 |
| Previous Close | 9.94 |
| YTD Return | 130.32% |
| 1-Year Return | 120.17% |
| 5-Year Return | 123.71% |
| 52-Week Low | 4.48 |
| 52-Week High | 10.06 |
| Beta (5Y) | 0.36 |
| Holdings | 154 |
| Inception Date | Nov 2, 2011 |
About PYELX
Payden Emerging Markets Local Bond Fund Investor Class is an actively managed mutual fund that focuses on sovereign and select corporate debt across emerging markets, with an emphasis on **local-currency** instruments. The strategy targets countries based on macroeconomic fundamentals, sovereign credit metrics, political stability, and business climate, seeking broad geographic diversification across Latin America, Europe, and Asia. While primarily invested in local currencies, the fund can allocate to **U.S. dollar–denominated** bonds when opportunities arise. It is benchmarked to the **J.P. Morgan GBI-EM Global Diversified Composite Index** and is positioned as a pure bond strategy with limited use of credit default swaps or distressed debt. The portfolio is managed by an experienced team at Payden & Rygel, with multi-decade tenure in emerging-market fixed income. Key fund characteristics include monthly distributions, an expense cap of **0.99%**, and a minimum initial investment typical for investor-class shares. The fund’s role in the market is to provide access to the local-currency segment of emerging-market debt, offering diversification benefits relative to developed-market fixed income.
Performance
PYELX had a total return of 120.17% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.08%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FSEDX | Fidelity | Fidelity Series Em Mk Dbt Lcl Ccy | n/a |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| PYILX | (si Class) | 0.75% |
Top 10 Holdings
27.40% of assets| Name | Symbol | Weight |
|---|---|---|
| NOTA DO TESOURO NACIONAL - Brazil Notas do Tesouro Nacional Serie F | BNTNF.10 01.01.29 NTNF | 5.31% |
| NOTA DO TESOURO NACIONAL - Brazil Notas do Tesouro Nacional Serie F | BNTNF.10 01.01.31 NTNF | 3.85% |
| The Payden & Rygel Investment Group - Payden Cash Reserves Money Market Fund | PBHXX | 3.13% |
| Malaysia Government Bond | n/a | 2.64% |
| INDONESIA GOVERNMENT - Indonesia Treasury Bond | n/a | 2.32% |
| China Government Bond | CGB.2.76 05.15.32 INBK | 2.15% |
| Republic of South Africa Government Bond | n/a | 2.12% |
| BONOS DE TESORERIA - Peru Government Bond | n/a | 2.06% |
| Hungary Government Bond | HGB.7 10.24.35 35.A | 1.96% |
| MEX BONOS DESARR FIX RT - Mexican Bonos | MBONO.7.5 05.26.33 M | 1.86% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 29, 2025 | $0.0576 | Sep 29, 2025 |
| Aug 28, 2025 | $0.0563 | Aug 28, 2025 |
| Jul 30, 2025 | $0.0589 | Jul 30, 2025 |
| Jun 27, 2025 | $0.0567 | Jun 27, 2025 |
| May 29, 2025 | $0.0518 | May 29, 2025 |
| Apr 29, 2025 | $0.0492 | Apr 29, 2025 |