Payden Emerging Markets Local Bond Fund Investor Class (PYELX)

Fund Assets	99.67M
Expense Ratio	0.99%
Min. Investment	$5,000
Turnover	71.00%
Dividend (ttm)	0.70
Dividend Yield	7.06%
Dividend Growth	8.97%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 30, 2026

Previous Close	9.95
YTD Return	2.49%
1-Year Return	7.62%
5-Year Return	14.87%
52-Week Low	9.54
52-Week High	10.38
Beta (5Y)	0.37
Holdings	215
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 7.62% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.27%.

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 Emerging Markets Debt Local Currency Fund	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
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
Mar 30, 2026	$0.0499	Mar 30, 2026
Feb 26, 2026	$0.0441	Feb 26, 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:

Aug 19, 2026

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