Payden Emerging Markets Local Bond Fund (PYELX)
The fund invests at least 80% of its total assets in a wide variety of Bonds. "Bonds" include (1) debt securities issued or guaranteed by the U.S. government and foreign governments and their agencies and instrumentalities, political subdivisions of foreign governments (such as provinces and municipalities), and supranational organizations (such as the World Bank), or credit-linked notes issued with respect to such securities and (2) debt securities and commercial paper issued by U.S. and foreign companies, or credit-linked notes issued with respect to such securities. The fund is non-diversified.
Fund Info
US7043292751
704329275
Nov 1, 2011
$5,000
Expense Ratio
PYELX has an expense ratio of 0.09%, which is considered low.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Payden Emerging Markets Local Bond Fund (PYELX) returned 7.51% year-to-date (YTD) and 5.76% over the past 12 months. Over the past 10 years, PYELX returned -0.06% annually, underperforming the S&P 500 benchmark at 10.85%.
PYELX
7.51%
1.48%
6.02%
5.76%
3.94%
0.16%
-0.06%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of PYELX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.83% | 0.26% | 1.08% | 2.66% | 1.48% | 7.51% | |||||||
| 2024 | -1.89% | -0.78% | -0.35% | -2.65% | 1.58% | -1.25% | 2.19% | 2.84% | 2.99% | -5.19% | -0.78% | -1.81% | -5.32% |
| 2023 | 4.53% | -3.03% | 3.82% | 0.65% | -1.63% | 3.63% | 2.71% | -3.72% | -4.08% | -0.47% | 5.67% | 3.60% | 11.58% |
| 2022 | 0.09% | -0.71% | -7.42% | -4.86% | 1.50% | -4.66% | 1.10% | 0.04% | -5.15% | -0.59% | 7.08% | 1.55% | -12.18% |
| 2021 | -1.69% | -2.43% | -3.28% | 2.12% | 2.95% | -1.27% | -0.80% | 1.21% | -3.21% | -1.11% | -3.07% | 1.50% | -8.97% |
| 2020 | -1.22% | -3.50% | -13.37% | 3.73% | 6.00% | 0.37% | 2.79% | 0.02% | -2.32% | 0.41% | 5.83% | 3.62% | 0.78% |
| 2019 | 5.49% | -1.03% | -1.38% | 0.23% | -0.17% | 5.99% | 0.44% | -3.15% | 1.22% | 2.63% | -2.09% | 4.25% | 12.61% |
| 2018 | 4.64% | -0.86% | 0.94% | -3.84% | -5.34% | -3.69% | 2.41% | -6.58% | 1.91% | -2.47% | 2.59% | 0.72% | -9.79% |
| 2017 | 2.45% | 1.74% | 2.32% | 1.35% | 1.66% | -0.03% | 2.23% | 1.49% | -0.59% | -3.35% | 1.13% | 2.36% | 13.36% |
| 2016 | -0.15% | 0.72% | 8.28% | 2.85% | -5.66% | 5.57% | 0.51% | 0.13% | 1.69% | -0.93% | -7.11% | 2.00% | 7.16% |
| 2015 | 1.03% | -1.47% | -2.98% | 2.49% | -2.49% | -1.75% | -2.81% | -4.46% | -3.05% | 3.24% | -1.72% | -2.45% | -15.50% |
| 2014 | -5.10% | 3.28% | 2.33% | 0.82% | 1.84% | 0.58% | -1.32% | 0.22% | -5.08% | 1.32% | -1.45% | -5.62% | -8.36% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PYELX is 46, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Payden Emerging Markets Local Bond Fund (PYELX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Payden Emerging Markets Local Bond Fund provided a 6.02% dividend yield over the last twelve months, with an annual payout of $0.58 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.58 | $0.56 | $0.39 | $0.46 | $0.42 | $0.55 | $0.60 | $0.58 | $0.81 | $0.46 | $0.56 | $0.92 |
Dividend yield | 6.02% | 6.16% | 3.84% | 4.90% | 3.73% | 4.27% | 4.57% | 4.73% | 5.70% | 3.55% | 4.39% | 5.89% |
Monthly Dividends
The table displays the monthly dividend distributions for Payden Emerging Markets Local 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.05 | $0.05 | $0.12 | $0.03 | $0.00 | $0.24 | |||||||
| 2024 | $0.03 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.03 | $0.05 | $0.06 | $0.05 | $0.03 | $0.05 | $0.56 |
| 2023 | $0.02 | $0.02 | $0.04 | $0.05 | $0.02 | $0.02 | $0.02 | $0.05 | $0.02 | $0.02 | $0.05 | $0.05 | $0.39 |
| 2022 | $0.05 | $0.04 | $0.04 | $0.03 | $0.02 | $0.05 | $0.04 | $0.02 | $0.04 | $0.05 | $0.05 | $0.02 | $0.46 |
| 2021 | $0.02 | $0.02 | $0.04 | $0.04 | $0.05 | $0.03 | $0.05 | $0.04 | $0.03 | $0.03 | $0.02 | $0.05 | $0.42 |
| 2020 | $0.03 | $0.03 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.06 | $0.04 | $0.05 | $0.55 |
| 2019 | $0.06 | $0.05 | $0.03 | $0.07 | $0.06 | $0.03 | $0.06 | $0.03 | $0.03 | $0.07 | $0.06 | $0.06 | $0.60 |
| 2018 | $0.08 | $0.04 | $0.04 | $0.08 | $0.07 | $0.06 | $0.03 | $0.06 | $0.03 | $0.04 | $0.03 | $0.03 | $0.58 |
| 2017 | $0.03 | $0.07 | $0.07 | $0.07 | $0.11 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.07 | $0.03 | $0.81 |
| 2016 | $0.03 | $0.03 | $0.05 | $0.05 | $0.06 | $0.03 | $0.03 | $0.06 | $0.03 | $0.03 | $0.03 | $0.04 | $0.46 |
| 2015 | $0.04 | $0.05 | $0.04 | $0.03 | $0.02 | $0.02 | $0.07 | $0.07 | $0.04 | $0.08 | $0.04 | $0.06 | $0.56 |
| 2014 | $0.04 | $0.04 | $0.08 | $0.05 | $0.09 | $0.09 | $0.09 | $0.08 | $0.04 | $0.08 | $0.07 | $0.18 | $0.92 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Payden Emerging Markets Local 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 Local Bond Fund was 41.69%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Payden Emerging Markets Local Bond Fund drawdown is 26.92%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -41.69% | May 10, 2013 | 2382 | Oct 24, 2022 | — | — | — |
| -9.79% | Mar 2, 2012 | 64 | Jun 1, 2012 | 69 | Sep 11, 2012 | 133 |
| -6.1% | Nov 4, 2011 | 15 | Nov 25, 2011 | 38 | Jan 23, 2012 | 53 |
| -2.4% | Feb 4, 2013 | 37 | Mar 27, 2013 | 7 | Apr 8, 2013 | 44 |
| -1.64% | Feb 9, 2012 | 6 | Feb 16, 2012 | 7 | Feb 28, 2012 | 13 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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