2/3/2012
| Symbol |
PYEMX |
|
|
| NAV ($) |
$14.32 |
Daily NAV change ($) |
$0.02 |
The Payden Emerging Markets Bond Fund invests in a diversified portfolio of emerging-market sovereign and corporate bonds. The fund invests in countries that are identified through extensive analysis of their macroeconomic variables, sovereign credit ratios, political stability, and the quality of the country’s business environment. The fund maintains geographic diversification across Latin America, Europe and Asia. Most of our investments are US dollar-denominated, but we also see attractive opportunities in select local markets.
Appropriate for investors with long investment time horizons who seek diversification via sovereign and corporate bonds issued by emerging-market countries.
- Primarily sovereign focus - opportunistic exposure in corporates
- No defaults in 13 years of managing emerging-market portfolios
- Local markets expertise - opportunistic exposure to local markets
- Pure bond strategy - no credit default swaps, no distressed debt
- No loads
| Inception Date: |
Dec 17, 1998 |
|
|
Net Expense Ratio: |
0.86% |
| CUSIP: |
704329531 |
|
Sales charge: |
None |
| Total Net Assets: |
$627.9 million |
|
Investment Minimum:
| |
Regular Account |
Investor Class
Adviser Class |
$100,000
$5,000 |
| |
IRA |
Investor Class
Adviser Class |
$100,000
$2,000
|
|
| Benchmark: |
J.P. Morgan EMBI Global Diversified
|
|
| |
Payden Emerging Markets Bond |
Morningstar average:
Emerging Markets Bond |
| Net Expense Ratio: |
0.86% |
1.31% |