Payden Emerging Markets Corporate Bond Fund (PYCEX)
Under normal market conditions, the fund invests at least 80% of its total assets in corporate bonds issued by Corporate issuers organized or headquartered in emerging market countries, or whose business operations are principally located in emerging market countries. Generally, an "emerging market country" is any country which the International Monetary Fund, the World Bank, the International Finance Corporation, the United Nations or another third party organization defines as having an emerging or developing economy.
Fund Info
| ISIN | US7043292348 |
|---|---|
| CUSIP | 704329234 |
| Issuer | Paydenfunds |
| Inception Date | Nov 10, 2013 |
| Category | Emerging Markets Bonds |
| Min. Investment | $5,000 |
| Asset Class | Bond |
Expense Ratio
PYCEX features an expense ratio of 0.65%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Payden Emerging Markets Corporate Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Payden Emerging Markets Corporate Bond Fund had a return of 8.16% year-to-date (YTD) and 13.82% in the last 12 months. Over the past 10 years, Payden Emerging Markets Corporate Bond Fund had an annualized return of 3.23%, while the S&P 500 had an annualized return of 11.43%, indicating that Payden Emerging Markets Corporate Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.16% | 25.82% |
| 1 month | 0.05% | 3.20% |
| 6 months | 5.74% | 14.94% |
| 1 year | 13.82% | 35.92% |
| 5 years (annualized) | 2.55% | 14.22% |
| 10 years (annualized) | 3.23% | 11.43% |
Monthly Returns
The table below presents the monthly returns of PYCEX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.40% | 0.61% | 1.23% | -0.89% | 1.35% | 0.86% | 1.40% | 1.80% | 1.44% | -0.74% | 8.16% | ||
| 2023 | 2.71% | -2.14% | 0.26% | 0.68% | -0.34% | 0.73% | 0.95% | -0.08% | -0.85% | -1.05% | 3.56% | 2.86% | 7.36% |
| 2022 | -1.85% | -3.12% | -1.64% | -2.55% | -1.29% | -4.57% | 1.79% | 0.42% | -4.66% | -1.81% | 6.29% | 1.89% | -11.01% |
| 2021 | -0.01% | -0.09% | -0.74% | 0.78% | 0.64% | 0.64% | -0.17% | 1.05% | -0.46% | -0.73% | -0.88% | -0.21% | -0.21% |
| 2020 | 1.59% | -0.24% | -12.50% | 4.34% | 4.00% | 2.36% | 2.98% | 1.30% | -0.76% | 0.88% | 3.26% | 1.84% | 8.19% |
| 2019 | 2.90% | 1.07% | 0.94% | 0.51% | 0.56% | 2.34% | 1.02% | -1.08% | 0.66% | 0.81% | 0.47% | 1.14% | 11.89% |
| 2018 | 0.64% | -1.19% | -0.31% | -0.61% | -1.29% | -0.63% | 1.65% | -0.92% | 0.92% | -1.01% | -0.75% | 0.15% | -3.33% |
| 2017 | 1.14% | 1.47% | 0.39% | 1.17% | 0.82% | -0.01% | 1.06% | 1.18% | 0.67% | 0.40% | -0.10% | 0.27% | 8.78% |
| 2016 | -0.27% | 1.10% | 2.63% | 1.77% | 0.49% | 1.70% | 1.83% | 1.33% | 0.15% | -0.08% | -2.39% | 1.06% | 9.62% |
| 2015 | -0.15% | 1.99% | -0.12% | 1.32% | 0.54% | -0.95% | 0.07% | -1.69% | -1.61% | 1.42% | -0.39% | -1.19% | -0.85% |
| 2014 | -0.14% | 2.04% | 0.56% | 0.66% | 2.35% | 0.65% | 0.01% | 1.20% | -1.18% | 0.85% | -0.08% | -3.90% | 2.91% |
| 2013 | 0.90% | 0.15% | 1.05% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PYCEX is 87, placing it in the top 13% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Payden Emerging Markets Corporate Bond Fund (PYCEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Payden Emerging Markets Corporate Bond Fund provided a 6.04% dividend yield over the last twelve months, with an annual payout of $0.53 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.53 | $0.48 | $0.42 | $0.42 | $0.42 | $0.48 | $0.49 | $0.46 | $0.41 | $0.43 | $0.45 | $0.06 |
Dividend yield | 6.04% | 5.58% | 4.94% | 4.21% | 4.02% | 4.81% | 5.13% | 4.52% | 4.18% | 4.52% | 4.55% | 0.55% |
Monthly Dividends
The table displays the monthly dividend distributions for Payden Emerging Markets Corporate Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.00 | $0.45 | |
| 2023 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.42 |
| 2021 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.42 |
| 2020 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.42 |
| 2019 | $0.06 | $0.01 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2018 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
| 2017 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.46 |
| 2016 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.41 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.43 |
| 2014 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.05 | $0.45 |
| 2013 | $0.06 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Payden Emerging Markets Corporate Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Payden Emerging Markets Corporate Bond Fund was 20.93%, occurring on Oct 24, 2022. Recovery took 476 trading sessions.
The current Payden Emerging Markets Corporate Bond Fund drawdown is 0.29%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.93% | Sep 15, 2021 | 280 | Oct 24, 2022 | 476 | Sep 17, 2024 | 756 |
| -17.44% | Feb 24, 2020 | 22 | Mar 24, 2020 | 113 | Sep 2, 2020 | 135 |
| -6.53% | Sep 2, 2014 | 350 | Jan 21, 2016 | 75 | May 9, 2016 | 425 |
| -4.5% | Jan 29, 2018 | 211 | Nov 27, 2018 | 73 | Mar 15, 2019 | 284 |
| -3.15% | Oct 26, 2016 | 27 | Dec 2, 2016 | 46 | Feb 9, 2017 | 73 |
Volatility
Volatility Chart
The current Payden Emerging Markets Corporate Bond Fund volatility is 0.72%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.