Payden Emerging Markets Bond Fund (PYEMX)
Under normal market conditions, the fund invests at least 80% of its total assets in debt securities and similar debt instruments issued by governments, agencies and instrumentalities of emerging market countries (or economically linked with such securities), and other issuers organized, headquartered or principally located in emerging market countries.
Fund Info
US7043295317
704329531
Dec 16, 1998
$5,000
Expense Ratio
PYEMX features an expense ratio of 0.73%, 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 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 Bond Fund had a return of 2.24% year-to-date (YTD) and 11.40% in the last 12 months. Over the past 10 years, Payden Emerging Markets Bond Fund had an annualized return of 3.53%, while the S&P 500 had an annualized return of 11.26%, indicating that Payden Emerging Markets Bond Fund did not perform as well as the benchmark.
PYEMX
2.24%
1.17%
3.89%
11.40%
0.60%
3.53%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of PYEMX, 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 | 1.86% | 2.24% | |||||||||||
| 2024 | -1.04% | 1.01% | 2.58% | -1.75% | 1.59% | 0.29% | 1.44% | 2.49% | 2.06% | -1.38% | 1.72% | -1.21% | 7.93% |
| 2023 | 3.78% | -2.28% | 0.33% | 0.20% | -0.32% | 3.02% | 2.19% | -1.82% | -2.92% | -0.85% | 6.09% | 4.74% | 12.34% |
| 2022 | -2.49% | -5.92% | -0.31% | -5.33% | -0.59% | -8.29% | 2.15% | -0.11% | -7.12% | 0.29% | 9.12% | 0.90% | -17.39% |
| 2021 | -0.97% | -2.38% | -1.31% | 2.63% | 1.34% | 0.41% | 0.30% | 1.18% | -2.02% | -0.32% | -2.89% | 1.82% | -2.36% |
| 2020 | 1.35% | -1.13% | -15.46% | 2.23% | 6.71% | 3.89% | 3.95% | 1.28% | -2.49% | -0.10% | 5.07% | 2.63% | 6.16% |
| 2019 | 5.57% | 1.27% | 1.10% | 0.01% | 0.02% | 4.20% | 1.41% | -1.21% | 0.06% | 0.90% | -0.61% | 2.78% | 16.40% |
| 2018 | 0.65% | -1.79% | 0.04% | -1.54% | -1.65% | -2.08% | 3.29% | -2.89% | 1.98% | -2.65% | -1.01% | 0.59% | -7.03% |
| 2017 | 1.47% | 2.06% | 0.46% | 1.75% | 0.77% | -0.27% | 1.18% | 2.11% | 0.37% | 0.47% | 0.19% | 0.87% | 12.02% |
| 2016 | -0.57% | 1.92% | 3.15% | 1.92% | 0.08% | 3.39% | 2.27% | 2.08% | 0.50% | -0.88% | -4.23% | 1.53% | 11.46% |
| 2015 | 0.39% | 1.43% | 0.02% | 1.68% | -0.20% | -1.79% | 0.29% | -1.54% | -2.03% | 2.66% | 0.11% | -1.74% | -0.84% |
| 2014 | -1.14% | 2.84% | 1.40% | 0.97% | 3.28% | 0.43% | 0.51% | 0.93% | -1.77% | 1.38% | -0.48% | -2.97% | 5.32% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 86, PYEMX is among the top 14% of mutual funds on our website when it comes to balancing risk and reward. Below is 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 Bond Fund (PYEMX) 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 Bond Fund provided a 7.35% dividend yield over the last twelve months, with an annual payout of $0.78 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.78 | $0.77 | $0.63 | $0.77 | $0.74 | $0.65 | $0.75 | $0.77 | $0.77 | $0.75 | $0.67 | $0.72 |
Dividend yield | 7.35% | 7.37% | 6.09% | 7.79% | 5.74% | 4.66% | 5.45% | 6.18% | 5.41% | 5.60% | 5.26% | 5.35% |
Monthly Dividends
The table displays the monthly dividend distributions for Payden Emerging Markets 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 | $0.06 | $0.00 | $0.06 | ||||||||||
| 2024 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.06 | $0.07 | $0.07 | $0.04 | $0.06 | $0.10 | $0.09 | $0.77 |
| 2023 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.63 |
| 2022 | $0.06 | $0.05 | $0.05 | $0.05 | $0.06 | $0.04 | $0.05 | $0.05 | $0.04 | $0.06 | $0.06 | $0.20 | $0.77 |
| 2021 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.06 | $0.08 | $0.74 |
| 2020 | $0.07 | $0.05 | $0.07 | $0.05 | $0.05 | $0.03 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.65 |
| 2019 | $0.07 | $0.06 | $0.08 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.75 |
| 2018 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.07 | $0.77 |
| 2017 | $0.06 | $0.06 | $0.06 | $0.06 | $0.08 | $0.06 | $0.06 | $0.07 | $0.06 | $0.08 | $0.07 | $0.05 | $0.77 |
| 2016 | $0.07 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.07 | $0.08 | $0.07 | $0.05 | $0.08 | $0.75 |
| 2015 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.06 | $0.07 | $0.67 |
| 2014 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.72 |
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 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 Bond Fund was 30.27%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current Payden Emerging Markets Bond Fund drawdown is 1.54%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -30.27% | Sep 16, 2021 | 277 | Oct 21, 2022 | — | — | — |
| -28.69% | May 23, 2007 | 361 | Oct 24, 2008 | 186 | Jul 23, 2009 | 547 |
| -21.9% | Feb 24, 2020 | 19 | Mar 19, 2020 | 174 | Nov 24, 2020 | 193 |
| -17.16% | Dec 23, 2003 | 95 | May 10, 2004 | 154 | Dec 17, 2004 | 249 |
| -13.52% | May 10, 2013 | 82 | Sep 5, 2013 | 656 | Apr 14, 2016 | 738 |
Volatility
Volatility Chart
The current Payden Emerging Markets Bond Fund volatility is 1.04%, 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.