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Payden Emerging Markets Bond (PYEMX)

14.04 0.00(0.00%) Oct 21

Profile as of Sep 29, 2014Get Profile for:
Payden Emerging Markets Bond
Phone: 800-572-9336
Fund Overview 
Category:Emerging Markets Bond
Fund Family:Paydenfunds
Net Assets:866.09M
Year-to-Date Return:7.57%
Morningstar Rating:4 stars
Fund Inception Date:Dec 17, 1998
Morningstar Style Box 
Emerging Markets Bond
[View Category Definition]
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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 93 brokerages.

Fund Summary 
The investment seeks a high level of total return. The fund invests in a wide variety of debt instruments and income-producing securities. It normally 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 or headquartered in emerging market countries. It is non-diversified.

Fund Operations 
Last Dividend (Sep 28, 2014) : 0.06
Last Cap Gain : 0.00
Annual Holdings Turnover (Oct 19, 2014) : 95.00%
Average for Category:76.73%
Fees & Expenses 
ExpensePYEMXCategory Avg
Annual Report Expense Ratio (net):0.76%1.18%
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/A4.14%
Max Deferred Sales Load: N/A1.54%
3 Yr Expense Projection*:243643
5 Yr Expense Projection*:4221,092
10 Yr Expense Projection*:9422,240
* Per $10,000 invested