Morningstar

Payden Emerging Markets Local Bond Inv PYELX

Morningstar Medalist Rating
Medalist Rating as of | See Payden Investment Hub
  • NAV / 1-Day Return 4.86  /  −0.41 %
  • Total Assets 76.5 Mil
  • Adj. Expense Ratio
    0.990%
  • Expense Ratio 0.990%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Emerging-Markets Local-Currency Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 6.21%
  • Effective Duration 5.66 years

USD | NAV as of Oct 05, 2024 | 1-Day Return as of Oct 05, 2024, 12:53 AM GMT+0

Morningstar’s Analysis PYELX

Will PYELX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PYELX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PYELX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PYELX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Payden Emerging Markets Local Bond Inv boasts strong People and Process Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

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Portfolio Holdings PYELX

More PYELX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 22.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Usd/Eur Fwd 20240926 00189

6.91 5.2 Mil
Derivative

Usd/Pen Fwd 20241108 816

6.30 4.7 Mil
Derivative

Myr/Usd Fwd 20240913 00229

5.19 3.9 Mil
Derivative

Pln/Usd Fwd 20241009 00049

3.88 2.9 Mil
Derivative

Thb/Usd Fwd 20241115 00229

3.73 2.8 Mil
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Idr/Usd Fwd 20241017 816

3.26 2.4 Mil
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Indonesia (Republic of) 7%

3.16 2.4 Mil
Government

Czk/Usd Fwd 20240916 816

3.09 2.3 Mil
Derivative

Secretaria Tesouro Nacional 10%

3.01 2.3 Mil
Government

China (People's Republic Of) 2.76%

2.83 2.1 Mil
Government

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