Payden Emerging Markets Local Bond Fund Investor Class (PYELX)
| Fund Assets | 110.17M |
| Expense Ratio | 0.99% |
| Min. Investment | $5,000 |
| Turnover | 71.00% |
| Dividend (ttm) | 0.72 |
| Dividend Yield | 7.42% |
| Dividend Growth | 10.38% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 30, 2026 |
| Previous Close | 9.69 |
| YTD Return | -2.19% |
| 1-Year Return | 12.65% |
| 5-Year Return | 12.38% |
| 52-Week Low | 4.72 |
| 52-Week High | 10.38 |
| Beta (5Y) | 0.35 |
| Holdings | 220 |
| Inception Date | Nov 2, 2011 |
About PYELX
Payden Emerging Markets Local Bond Fund is a fixed-income mutual fund that invests primarily in locally-denominated sovereign and corporate bonds issued by emerging-market countries across Latin America, Europe, and Asia. The fund applies rigorous macroeconomic analysis and country-selection methodology, evaluating factors such as sovereign credit metrics, political stability, and business environment quality to build a geographically diversified portfolio. By focusing on local-currency denominated securities rather than U.S. dollar-denominated alternatives, the fund provides exposure to the fastest-growing segment of emerging-market debt while limiting currency hedging costs. The portfolio maintains a strong sovereign orientation with selective corporate bond exposure, employing a pure bond strategy with minimal use of derivatives or distressed securities. Managed by Payden & Rygel, which brings over two decades of emerging-market portfolio management expertise, the fund targets long-term investors seeking both income generation and capital appreciation through emerging-market fixed-income diversification.
Performance
PYELX had a total return of 12.65% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.97%.
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% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 30, 2026 | $0.0499 | Mar 30, 2026 |
| Feb 26, 2026 | $0.0441 | Feb 26, 2026 |
| Jan 29, 2026 | $0.0501 | Jan 29, 2026 |
| Dec 30, 2025 | $0.1305 | Dec 30, 2025 |
| Nov 26, 2025 | $0.0555 | Nov 26, 2025 |
| Oct 30, 2025 | $0.0582 | Oct 30, 2025 |