PYEWX: Payden Emerging Markets Bond Adviser

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PYEWX Payden Emerging Markets Bond Adviser

  • Fund
  • PYEWX
  • Price as of: Jan 17, 2020
  • $13.92
    - $0.00 - 0.00%

Profile

PYEWX - Profile

Vitals

  • YTD Return 1.2%
  • 3 Yr Annualized Return 0.5%
  • 5 Yr Annualized Return 0.7%
  • Net Assets $1.1 B
  • Holdings in Top 10 13.1%

52 WEEK LOW AND HIGH

$13.92
$12.98
$13.92

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.97%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 73.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $5,000
  • IRA $2,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Emerging Markets Bond

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.40%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Payden Emerging Markets Bond Fund Advisor Class
  • Fund Family Name
    Paydenfunds
  • Inception Date
    Nov 02, 2009
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kristin Ceva

Fund Description

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.


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Categories

Performance

PYEWX - Performance

Return Ranking - Trailing

Period PYEWX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -1.7% 4.8% 28.67%
1 Yr 7.4% -10.2% 47.4% 42.20%
3 Yr 0.5%* -9.1% 12.2% 69.80%
5 Yr 0.7%* -7.9% 24.4% 46.18%
10 Yr 0.2%* -5.8% 12.4% 54.03%

* Annualized

Return Ranking - Calendar

Period PYEWX Return Category Return Low Category Return High Rank in Category (%)
2019 10.1% -10.2% 62.6% 18.97%
2018 -12.3% -53.1% 2.2% 84.62%
2017 6.0% -9.1% 20.0% 34.56%
2016 5.3% -12.3% 219.0% 34.01%
2015 -5.7% -29.9% 14.0% 36.88%

Total Return Ranking - Trailing

Period PYEWX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -1.7% 4.8% 28.67%
1 Yr 7.4% -10.2% 47.4% 39.97%
3 Yr 0.5%* -9.1% 12.2% 81.19%
5 Yr 0.7%* -7.7% 32.8% 58.97%
10 Yr 0.2%* -5.8% 20.5% 73.39%

* Annualized

Total Return Ranking - Calendar

Period PYEWX Return Category Return Low Category Return High Rank in Category (%)
2019 10.1% -10.2% 62.6% 18.97%
2018 -12.3% -53.1% 3.8% 89.59%
2017 6.0% -6.6% 21.6% 55.03%
2016 5.3% -12.3% 242.1% 45.66%
2015 -5.7% -29.9% 22.6% 50.89%

NAV & Total Return History


Holdings

PYEWX - Holdings

Concentration Analysis

PYEWX Category Low Category High PYEWX % Rank
Net Assets 1.1 B 907 K 14.3 B 20.30%
Number of Holdings 304 5 3801 34.29%
Net Assets in Top 10 116 M -101 M 17.7 B 37.86%
Weighting of Top 10 13.07% 5.6% 1055.7% 91.22%

Top 10 Holdings

  1. 1MDB Global Investments Ltd. 4.4% 2.26%
  2. Uruguay (Republic of) 4.97% 1.66%
  3. Saudi Arabian Oil Company 4.25% 1.47%
  4. Ghana, Republic of 10.75% 1.22%
  5. Armenia (Republic of) 7.15% 1.16%
  6. Uruguay (Republic of) 5.1% 1.11%
  7. State of Qatar 4.82% 1.11%
  8. Ukraine (Republic of) 7.75% 1.07%
  9. Bond-Unsettled Purchases 1.01%
  10. Russian Federation 8.15% 1.00%

Asset Allocation

Weighting Return Low Return High PYEWX % Rank
Bonds
96.68% 80.04% 1025.08% 39.09%
Cash
3.32% -1000.79% 21.44% 45.82%
Stocks
0.00% -6.36% 110.51% 58.30%
Preferred Stocks
0.00% 0.00% 10.86% 43.62%
Other
0.00% -29.23% 67.70% 47.46%
Convertible Bonds
0.00% 0.00% 50.87% 72.43%

Bond Sector Breakdown

Weighting Return Low Return High PYEWX % Rank
Government
66.23% -0.16% 263.38% 33.88%
Corporate
16.54% 0.00% 120.52% 52.26%
Derivative
14.20% -6.01% 63.60% 24.14%
Cash & Equivalents
3.03% -221.24% 51.46% 72.98%
Securitized
0.00% 0.00% 89.51% 64.47%
Municipal
0.00% 0.00% 3.56% 40.47%

Bond Geographic Breakdown

Weighting Return Low Return High PYEWX % Rank
Non US
96.03% -95.83% 193.82% 17.97%
US
0.65% -30.83% 1120.91% 77.64%

Expenses

PYEWX - Expenses

Operational Fees

PYEWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.97% 0.01% 241.89% 70.68%
Management Fee 0.45% 0.00% 2.50% 17.08%
12b-1 Fee 0.25% 0.00% 1.00% 33.92%
Administrative Fee 0.15% 0.01% 0.50% 63.90%

Sales Fees

PYEWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PYEWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% 30.53%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PYEWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 73.00% 0.00% 2053.00% 45.52%

Distributions

PYEWX - Distributions

Dividend Yield Analysis

PYEWX Category Low Category High PYEWX % Rank
Dividend Yield 1.34% 0.00% 10.79% 9.88%

Dividend Distribution Analysis

PYEWX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

PYEWX Category Low Category High PYEWX % Rank
Net Income Ratio 5.40% -1.27% 8.91% 13.00%

Capital Gain Distribution Analysis

PYEWX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

PYEWX - Fund Manager Analysis

Managers

Kristin Ceva


Start Date

Tenure

Tenure Rank

Dec 17, 1998

21.05

21.1%

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.

Arthur Hovsepian


Start Date

Tenure

Tenure Rank

Feb 28, 2013

6.84

6.8%

Arthur Hovsepian is the emerging-market local bond and currency strategist in the global fixed-income group at Payden & Rygel. He is responsible for implementing investment strategies and executing trades in emerging markets. Hovsepian analyzes sovereign yield curves to identify relative value opportunities. He also monitors firm-wide emerging-market local debt and currency exposure. Mr. Hovsepian has been with Payden since 2004 and in the investment management business for 20 years.

Vladimir Milev


Start Date

Tenure

Tenure Rank

Feb 28, 2013

6.84

6.8%

Vladimir Milev, Senior Vice President and portfolio manager of Payden & Rygel. Mr. Milev has been with Payden and in the investment management business since 2003.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 29.02 5.86 10.34