5/16/2012
| Symbol |
PYELX |
|
|
| NAV ($) |
$9.69 |
Daily NAV change ($) |
$-0.05 |
The Payden Emerging Markets Local 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 local-currency denominated, although we can also take advantage of attractive opportunities in US dollar-denominated investments.
Appropriate for investors with long investment time horizons who seek diversification via local-currency sovereign bonds issued by emerging-market countries.
- Sovereign focus
- No defaults in 13 years of managing emerging-market portfolios
- Exposure to fast-growing local currency segment of emerging markets
- Pure bond strategy - no credit default swaps, no distressed debt
- No loads
| Inception Date: |
Nov 2, 2011 |
|
|
Net Expense Ratio: |
0.99% |
| CUSIP: |
704329275 |
|
Sales charge: |
None |
| Total Net Assets: |
$106.5 million |
|
Investment Minimum:
| |
Regular Account |
Investor Class
Adviser Class |
$100,000
$5,000 |
| |
IRA |
Investor Class
Adviser Class |
$100,000
$2,000
|
|
| Benchmark: |
JP Morgan Govt Bond - Emerging Markets Global Diversified Index (Unhedged)
|
|
| |
Payden Emerging Markets Local Bond |
Morningstar average:
Emerging Markets Bond |
| Net Expense Ratio: |
0.99% |
1.31% |