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    Payden Emerging Markets Bond (PYEMX)

    13.31 Up 0.01(0.08%) May 24

    Profile as of Apr 29, 2016Get Profile for:
    Payden Emerging Markets Bond
    PAYDEN & RYGEL Investment Group333 S Grand AveLos Angeles CA 90071
    Map
    Phone: 800-572-9336
    Fund Overview 
    Category:Emerging Markets Bond
    Fund Family:Paydenfunds
    Net Assets:1.02B
    Year-to-Date Return:6.54%
    Yield:5.07%
    Morningstar Rating:4 stars
    Fund Inception Date:Dec 17, 1998
    Morningstar Style Box 
    Emerging Markets Bond
    [View Category Definition]
    View Top Emerging Markets Bond Funds
    About the Morningstar Style Box
    Management Information 
    Kristin Ceva
    Lead Manager since Dec 17, 1998
    Kristin Ceva, PhD, CFA, is a managing principal and directs the global fixed-income group at Payden & Rygel. She oversees global sovereign debt strategies, including macroeconomic and political risk assessment to determine country allocation. Ceva is a member of the firm’s Investment Policy Committee. She also is a frequent speaker at industry forums, focusing on topics related to international investing and emerging markets. Prior to joining Payden & Rygel, Ceva worked with a number of international policy institutes, including the Pacific Council on International Policy, the Center for U.S.-Mexican Studies and the North America Forum at Stanford University. She also worked for several years in strategic management consulting with Deloitte & Touche in Dallas. Kristin Ceva holds the Chartered Financial Analyst designation. She earned a PhD from Stanford University in Political Science with an emphasis on international political economy. She was a Fulbright Scholar based in Mexico City and her dissertation was entitled “Economic Restructuring and Business-Government Relations: Trade and Financial Liberalization in Mexico.” Ceva has completed extensive economic and political research on emerging markets and is fluent in Spanish. She received a BBA in Finance from Texas A&M University.
    Investment Information 
    Min Initial Investment:100,000
    Min Initial Investment, IRA:100,000
    Min Initial Investment, AIP:100,000
    Min Subsequent Investment:250
    Min Subsequent Investment, IRA:250
    Min Subsequent Investment, AIP:250
    PYEMX can be purchased from 98 brokerages.

    Fund Summary 
    The investment seeks a high level of total return. 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. The fund is non-diversified.

    Fund Operations 
    Last Dividend (Apr 27, 2016) : 0.05
    Last Cap Gain : 0.00
    Annual Holdings Turnover (May 19, 2016) : 54.00%
    Average for Category:100.86%
    Fees & Expenses 
    ExpensePYEMXCategory Avg
    Annual Report Expense Ratio (net):0.76%1.16%
    Prospectus Net Expense Ratio:0.76%N/A
    Prospectus Gross Expense Ratio:0.76%N/A
    Max 12b1 Fee:N/AN/A
    Max Front End Sales Load:N/A4.00%
    Max Deferred Sales Load: N/A1.56%
    3 Yr Expense Projection*:243605
    5 Yr Expense Projection*:4221,018
    10 Yr Expense Projection*:9422,097
    * Per $10,000 invested