PYELX Performance — Payden Emerging Markets Local Bond Fund, (Investor Class)
Data updated: 2026-09-23
PYELX returned +1.46% year to date and +9.63% over one year to Jul 2026. Annualised returns are +5.93% over 3 years and +2.43% over 5 years. Against its Emerging Markets Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $119, against $126 for the category, and to $110 over one year, against $109. Volatility over the past three years was 9.03% a year. In the 12 months to Jul 2026 the fund lost a net $1.9M, and assets reached $99.67M.
PYELX Growth of $100
What $100 invested in Payden Emerging Markets Local Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Bond category average over the same months.
| Period | PYELX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $110 | $109 |
| 3 years (Aug 2023 – Jul 2026) | $119 | $126 |
| 5 years (Aug 2021 – Jul 2026) | $113 | $115 |
| Since data start (Aug 2019 – Jul 2026) | $114 | $123 |
PYELX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.46% |
| 1 year | +9.63% |
| 3 years (annualised) | +5.93% |
| 5 years (annualised) | +2.43% |
PYELX Annual Returns
Calendar-year total returns of Payden Emerging Markets Local Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.46% |
| 2025 | +19.79% |
| 2024 | −3.50% |
| 2023 | +13.15% |
| 2022 | −11.29% |
| 2021 | −7.82% |
| 2020 | +1.81% |
| 2019 (Aug–Dec) | +3.44% |
PYELX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.9% | +1.8% | −6.5% | +3.0% | +1.1% | +0.5% | 0.0% | — | — | — | — | — |
| 2025 | +2.1% | +0.5% | +1.1% | +2.9% | +1.5% | +3.5% | −1.2% | +2.9% | +1.6% | +0.5% | +1.6% | +1.3% |
| 2024 | −1.9% | −0.5% | −0.1% | −2.4% | +1.6% | −1.2% | +2.2% | +3.1% | +3.3% | −4.9% | −0.5% | −1.8% |
| 2023 | +4.8% | −3.0% | +4.0% | +0.9% | −1.6% | +3.6% | +2.7% | −3.5% | −3.8% | −0.5% | +5.9% | +3.6% |
| 2022 | +0.1% | −4.5% | −3.8% | −4.6% | +1.5% | −4.7% | +1.3% | 0.0% | −4.9% | −0.6% | +7.1% | +1.8% |
| 2021 | −1.5% | −2.4% | −3.1% | +2.1% | +2.9% | −1.1% | −0.6% | +1.2% | −3.2% | −0.8% | −3.1% | +1.7% |
| 2020 | −1.2% | −3.3% | −13.4% | +3.7% | +6.0% | +0.6% | +2.8% | 0.0% | −2.3% | +0.7% | +6.0% | +3.8% |
| 2019 | — | — | — | — | — | — | — | −2.9% | +1.2% | +2.9% | −1.9% | +4.2% |
PYELX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 9.03%
- 3-year Sharpe ratio: 0.16 (vs 4.5% risk-free rate)
- Best month: +5.92% (Nov 2023)
- Worst month: −6.49% (Mar 2026)
PYELX Fund Flows
Monthly money in and out of Payden Emerging Markets Local Bond Fund, from SEC Form N-PORT.
- 12-month net flow: −$1.9M
- 12-month gross sales (incl. reinvestments): $24.8M
- Sales ÷ redemptions: 0.93×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $682K | $120K | $562K |
| Jun 2026 | $308K | $20.0M | −$19.7M |
| May 2026 | $355K | $3K | $352K |
| Apr 2026 | $354K | $203K | $151K |
| Mar 2026 | $13.3M | $23K | $13.3M |
| Feb 2026 | $4.7M | $73K | $4.6M |
| Jan 2026 | $627K | $12K | $614K |
| Dec 2025 | $852K | $40K | $811K |
| Nov 2025 | $359K | $2.4M | −$2.0M |
| Oct 2025 | $354K | $91K | $262K |
| Sep 2025 | $2.2M | $15K | $2.1M |
| Aug 2025 | $713K | $3.7M | −$3.0M |
PYELX Assets Under Management
Net assets of Payden Emerging Markets Local Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $99.67M |
| 2026-04-30 | $118.44M |
| 2026-01-30 | $104.06M |
| 2025-10-31 | $102.36M |
| 2025-07-31 | $99.87M |
| 2025-04-30 | $84.18M |
| 2025-01-31 | $72.34M |
| 2024-10-31 | $74.07M |
| 2024-07-31 | $73.25M |
| 2024-04-30 | $72.52M |
| 2024-01-31 | $79.84M |
| 2023-10-31 | $70.64M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.