About PYEMX
The Payden Emerging Markets Bond Fund is an actively managed mutual fund dedicated to investing in a diversified array of sovereign and corporate bonds from emerging-market countries. Its principal aim is to offer investors exposure to the debt markets of developing economies, focusing on countries selected through comprehensive analysis of macroeconomic indicators, sovereign credit metrics, political stability, and the quality of business environments. The portfolio maintains geographic diversification across Latin America, Europe, and Asia, with a primary emphasis on U.S. dollar-denominated securities but also includes selective local currency opportunities. The fund is managed by Payden & Rygel, leveraging over two decades of experience in emerging-market fixed income. Characterized by a predominant focus on sovereign debt with opportunistic allocations to corporates, the strategy employs a pure bond approach with minimal use of derivatives or distressed instruments. With monthly dividend payments and an expense ratio positioned competitively within its category, the Payden Emerging Markets Bond Fund serves as a tool for long-term investors seeking diversification and potential yield enhancements through exposure to emerging market bond markets.
Fund Family Paydenfunds
Category Emerging Markets Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PYEMX
Share Class (investor Class)
Index JP Morgan EMBI Global Diversified TR
PYEMX had a total return of 9.38% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.63%.
