Payden Emerging Markets Local Bond Fund Investor Class (PYELX)

Fund Assets	84.48M
Expense Ratio	0.99%
Min. Investment	$5,000
Turnover	71.00%
Dividend (ttm)	0.70
Dividend Yield	7.22%
Dividend Growth	7.75%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 29, 2026

Previous Close	9.67
YTD Return	0.84%
1-Year Return	4.57%
5-Year Return	14.24%
52-Week Low	9.51
52-Week High	10.38
Beta (5Y)	0.36
Holdings	247
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.

• Fund Family: Paydenfunds
• Category: Emerging-Markets Local-Currency Bond
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: PYELX
• Share Class: (investor Class)
• Index: Index is not available on Lipper Database

Performance

PYELX had a total return of 4.57% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.14%.

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
Sep 29, 2026	$0.0538	Sep 29, 2026
Aug 28, 2026	$0.0569	Aug 28, 2026
Jul 30, 2026	$0.0585	Jul 30, 2026
Jun 29, 2026	$0.0466	Jun 29, 2026
May 28, 2026	$0.0474	May 28, 2026
Apr 29, 2026	$0.0477	Apr 29, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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