{
  "page": "compare",
  "query": {
    "a": "PYAIX",
    "b": "TGWIX"
  },
  "retrieved_at": "2026-07-07T15:35:44+00:00",
  "disclaimer": "Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them.",
  "attribution": "Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC.",
  "terms": {
    "notice": "Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "Payden Absolute Return Bond Fund",
    "ticker": "PYAIX",
    "slug": "PYAIX",
    "series_id": "S000047032",
    "html_url": "https://fundwatcher.app/funds/PYAIX/"
  },
  "fund_b": {
    "name": "TCW Emerging Markets Local Currency Income Fund",
    "ticker": "TGWIX",
    "slug": "TGWIX",
    "series_id": "S000030566",
    "html_url": "https://fundwatcher.app/funds/TGWIX/"
  },
  "overlap": {
    "coverage_a_by_b": "0.04874452082247525592906272615",
    "coverage_b_by_a": "0.04874452082247525592906272615",
    "shared_count": 5,
    "as_of": {
      "a": "2026-04-30",
      "b": "2026-01-31"
    },
    "a_top": [
      {
        "name": "Payden Emerging Markets Local Bond Fund",
        "value": "29346728.86",
        "weight": "0.04698652",
        "shared": false
      },
      {
        "name": "iShares JP Morgan USD Em Mkts Bd ETF",
        "value": "11604828.80",
        "weight": "0.01858028",
        "shared": false
      },
      {
        "name": "MEXICO UNITED MEXICAN STATES 7.75% 11/23/2034",
        "value": "10596799.16",
        "weight": "0.01696635",
        "shared": true
      },
      {
        "name": "Presidencia da Republica",
        "value": "7819110.64",
        "weight": "0.01251904",
        "shared": true
      },
      {
        "name": "PERU REPUBLIC OF 6.85% 08/12/2035 144A REGS",
        "value": "7525453.19",
        "weight": "0.01204887",
        "shared": true
      },
      {
        "name": "Payden Cash Reserves Money Market Fund",
        "value": "6677795.54",
        "weight": "0.01069170",
        "shared": false
      },
      {
        "name": "Sandor-Palota",
        "value": "4787911.76",
        "weight": "0.00766584",
        "shared": false
      },
      {
        "name": "SOUTH AFRICA REPUBLIC OF 8.5% 01/31/2037",
        "value": "4444209.17",
        "weight": "0.00711554",
        "shared": true
      },
      {
        "name": "US TREASURY N/B",
        "value": "4272369.15",
        "weight": "0.00684041",
        "shared": false
      },
      {
        "name": "EMRLD Borrower L.P., Incremental Term Loan B",
        "value": "4065653.93",
        "weight": "0.00650945",
        "shared": false
      },
      {
        "name": "BX 2025-BIO3 Mortgage Trust",
        "value": "4003830.60",
        "weight": "0.00641046",
        "shared": false
      },
      {
        "name": "OBX 2026-NQM3 A3",
        "value": "3863950.42",
        "weight": "0.00618650",
        "shared": false
      },
      {
        "name": "ROMANIA REPUBLIC OF 3.65% 09/24/2031",
        "value": "3764370.03",
        "weight": "0.00602707",
        "shared": false
      },
      {
        "name": "STACR 2026-DNA1 M2",
        "value": "3699385.80",
        "weight": "0.00592302",
        "shared": false
      },
      {
        "name": "REPUBLIC OF GHANA 5.000000% 07/03/2029",
        "value": "3543098.14",
        "weight": "0.00567279",
        "shared": false
      },
      {
        "name": "GALXY 2016-22A AR4",
        "value": "3494942.50",
        "weight": "0.00559569",
        "shared": false
      },
      {
        "name": "Federal National Mortgage Association Connecticut Avenue Securities Trust",
        "value": "3413546.96",
        "weight": "0.00546537",
        "shared": false
      },
      {
        "name": "AAdvantage Loyality IP Ltd. (American Airlines, Inc.), Term Loan B",
        "value": "3403876.64",
        "weight": "0.00544989",
        "shared": false
      },
      {
        "name": "FNMA Connecticut Avenue Securities Trust, Series 2021-R01, Class 1B2",
        "value": "3399526.40",
        "weight": "0.00544292",
        "shared": false
      },
      {
        "name": "AMWINS TERM B 1LN 01/30/2032",
        "value": "3392601.13",
        "weight": "0.00543183",
        "shared": false
      },
      {
        "name": "OMNIA PARTNERS TERM B 1LN 12/31/2032",
        "value": "3355145.97",
        "weight": "0.00537186",
        "shared": false
      },
      {
        "name": "Fannie Mae Connecticut Avenue Securities",
        "value": "3258859.73",
        "weight": "0.00521770",
        "shared": false
      },
      {
        "name": "Allegro CLO XII Ltd., Series 2020-1A, Class A1R",
        "value": "3254225.00",
        "weight": "0.00521028",
        "shared": false
      },
      {
        "name": "Penta CLO 11 DAC",
        "value": "3252424.51",
        "weight": "0.00520740",
        "shared": false
      },
      {
        "name": "MKS, Inc.",
        "value": "3180809.63",
        "weight": "0.00509274",
        "shared": false
      },
      {
        "name": "T/L ALPHA GENERATION LLC REGD ZCP TERM LOAN 0.00000000",
        "value": "3157478.21",
        "weight": "0.00505538",
        "shared": false
      },
      {
        "name": "NRTH PARK Mortgage Trust",
        "value": "3127408.13",
        "weight": "0.00500724",
        "shared": false
      },
      {
        "name": "CWENA 5.75 01/15/34 144A",
        "value": "3127225.00",
        "weight": "0.00500694",
        "shared": false
      },
      {
        "name": "Allison Transmission Term Loan B (Incremental) 175 2032-10-28",
        "value": "3107319.98",
        "weight": "0.00497507",
        "shared": false
      },
      {
        "name": "RAISING CANE'S RESTAURANTS TERM B 1LN 11/03/2032",
        "value": "3099022.03",
        "weight": "0.00496179",
        "shared": false
      },
      {
        "name": "GRAHAM PACKAGING/GPC CAP",
        "value": "3098062.50",
        "weight": "0.00496025",
        "shared": false
      },
      {
        "name": "KKR Clo 25 Ltd",
        "value": "3092457.70",
        "weight": "0.00495128",
        "shared": false
      },
      {
        "name": "KKR CLO 26 Ltd., Series 26, Class ARR",
        "value": "3049338.15",
        "weight": "0.00488224",
        "shared": false
      },
      {
        "name": "Wells Fargo & Co.",
        "value": "3036452.65",
        "weight": "0.00486161",
        "shared": false
      },
      {
        "name": "GRIFOLS INTERNATIONAL SERVICES DAC",
        "value": "3012440.32",
        "weight": "0.00482316",
        "shared": false
      },
      {
        "name": "NOVELIS CORP REGD 144A P/P 6.37500000",
        "value": "2984558.94",
        "weight": "0.00477852",
        "shared": false
      },
      {
        "name": "Henley CLO III DAC",
        "value": "2932816.38",
        "weight": "0.00469568",
        "shared": false
      },
      {
        "name": "VERUS SECURITIZATION TRUST VERUS 2024 R1 A1 144A",
        "value": "2868531.72",
        "weight": "0.00459276",
        "shared": false
      },
      {
        "name": "MHED TL B2 1L USD",
        "value": "2834757.41",
        "weight": "0.00453868",
        "shared": false
      },
      {
        "name": "HOLOGIC TERM B 1LN 01/14/2033",
        "value": "2787764.00",
        "weight": "0.00446344",
        "shared": false
      },
      {
        "name": "Madison Park Funding LVII Ltd., Series 2022-57A, Class A1R",
        "value": "2699303.40",
        "weight": "0.00432181",
        "shared": false
      },
      {
        "name": "PR RNO Property Owner 1 LLC",
        "value": "2677722.00",
        "weight": "0.00428725",
        "shared": false
      },
      {
        "name": "FREDDIE MAC STACR REMIC TRUST STACR 2021 HQA1 B2 144A",
        "value": "2673624.82",
        "weight": "0.00428069",
        "shared": false
      },
      {
        "name": "CNX Resources Corp",
        "value": "2655125.82",
        "weight": "0.00425107",
        "shared": false
      },
      {
        "name": "BRAVO Residential Funding Trust, Series 2025-NQM7, Class A1",
        "value": "2649421.71",
        "weight": "0.00424194",
        "shared": false
      },
      {
        "name": "FIOS 2A DR",
        "value": "2642416.82",
        "weight": "0.00423073",
        "shared": false
      },
      {
        "name": "UNITED MEXICAN",
        "value": "2613677.73",
        "weight": "0.00418471",
        "shared": false
      },
      {
        "name": "Quikrete Term Loan B-3 (Incremental) 225 2032-01-23",
        "value": "2605609.79",
        "weight": "0.00417180",
        "shared": false
      },
      {
        "name": "BDS 2025-FL15 LLC SER 2025-FL15 CL A V/R REGD 144A P/P 5.13104000",
        "value": "2601614.34",
        "weight": "0.00416540",
        "shared": false
      },
      {
        "name": "FNMA Connecticut Avenue Securities Trust, Series 2025-R02, Class 1A1",
        "value": "2583983.08",
        "weight": "0.00413717",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "Presidencia da Republica",
        "value": "3727170.23",
        "weight": "0.06746856",
        "shared": true
      },
      {
        "name": "TURKIYE GOVERNMENT BOND TRY 37.84% 07-14-27",
        "value": "2417351.01",
        "weight": "0.04375845",
        "shared": false
      },
      {
        "name": "Brazil Notas do Tesouro Nacional Serie B",
        "value": "2381938.86",
        "weight": "0.04311743",
        "shared": false
      },
      {
        "name": "NIGERIA REPUBLIC 0% 03/17/2026",
        "value": "2108058.13",
        "weight": "0.03815969",
        "shared": false
      },
      {
        "name": "Republic of India",
        "value": "1860268.93",
        "weight": "0.03367425",
        "shared": false
      },
      {
        "name": "CHINA PEOPLES REPUBLIC OF 2.57% 05/20/2054",
        "value": "1770774.18",
        "weight": "0.03205423",
        "shared": false
      },
      {
        "name": "CZECH REPUBLIC GOVERNMENT BOND CZK 3.5% 05-30-35",
        "value": "1722292.05",
        "weight": "0.03117662",
        "shared": false
      },
      {
        "name": "Republic of India",
        "value": "1634040.47",
        "weight": "0.02957911",
        "shared": false
      },
      {
        "name": "Egypt Treasury Bills",
        "value": "1357085.46",
        "weight": "0.02456572",
        "shared": false
      },
      {
        "name": "Urzad Rady Ministrow",
        "value": "1196436.97",
        "weight": "0.02165769",
        "shared": false
      },
      {
        "name": "Nigeria OMO Bill",
        "value": "1169015.41",
        "weight": "0.02116131",
        "shared": false
      },
      {
        "name": "MEXICO UNITED MEXICAN STATES 7.5% 05/26/2033",
        "value": "1131692.41",
        "weight": "0.02048569",
        "shared": false
      },
      {
        "name": "PERU REPUBLIC OF 6.85% 08/12/2035 144A REGS",
        "value": "1114739.18",
        "weight": "0.02017881",
        "shared": true
      },
      {
        "name": "Republic of Indonesia",
        "value": "1101842.33",
        "weight": "0.01994535",
        "shared": false
      },
      {
        "name": "MALAYSIA GOVT OF 4.762% 04/07/2037",
        "value": "1089499.18",
        "weight": "0.01972192",
        "shared": false
      },
      {
        "name": "SOUTH AFRICA REPUBLIC OF 8.875% 02/28/2035",
        "value": "1081948.91",
        "weight": "0.01958524",
        "shared": false
      },
      {
        "name": "Republic of Uganda Government Bonds",
        "value": "1081875.29",
        "weight": "0.01958391",
        "shared": false
      },
      {
        "name": "Republic of India",
        "value": "1037477.40",
        "weight": "0.01878023",
        "shared": false
      },
      {
        "name": "MEXICO UNITED MEXICAN STATES 7.75% 11/23/2034",
        "value": "1026594.57",
        "weight": "0.01858323",
        "shared": true
      },
      {
        "name": "MALAYSIA GOVT OF 4.893% 06/08/2038",
        "value": "990778.79",
        "weight": "0.01793490",
        "shared": false
      },
      {
        "name": "THAILAND KINGDOM OF 3.45% 06/17/2043",
        "value": "941348.94",
        "weight": "0.01704013",
        "shared": false
      },
      {
        "name": "MEXICO UNITED MEXICAN STATES 8.5% 11/18/2038",
        "value": "880647.43",
        "weight": "0.01594132",
        "shared": false
      },
      {
        "name": "Urzad Rady Ministrow",
        "value": "874052.10",
        "weight": "0.01582193",
        "shared": false
      },
      {
        "name": "SOUTH AFRICA REPUBLIC OF 8.5% 01/31/2037",
        "value": "849193.14",
        "weight": "0.01537194",
        "shared": true
      },
      {
        "name": "TURKIYE GOVERNMENT BOND TRY 36.0% 08-12-26",
        "value": "841702.92",
        "weight": "0.01523635",
        "shared": false
      },
      {
        "name": "MALAYSIA GOVT",
        "value": "840259.82",
        "weight": "0.01521023",
        "shared": false
      },
      {
        "name": "Egypt Treasury Bills",
        "value": "834480.05",
        "weight": "0.01510561",
        "shared": false
      },
      {
        "name": "REPUBLIC OF POLAND GOVERNMENT BOND PLN 1.25% 10-25-30",
        "value": "811839.91",
        "weight": "0.01469578",
        "shared": false
      },
      {
        "name": "Titulos de Tesoreria",
        "value": "761978.23",
        "weight": "0.01379319",
        "shared": false
      },
      {
        "name": "SOUTH AFRICA REPUBLIC OF 6.25% 03/31/2036",
        "value": "705081.68",
        "weight": "0.01276326",
        "shared": false
      },
      {
        "name": "Sandor-Palota",
        "value": "697592.07",
        "weight": "0.01262769",
        "shared": false
      },
      {
        "name": "Republic of India",
        "value": "631210.58",
        "weight": "0.01142606",
        "shared": false
      },
      {
        "name": "South Africa, Parliament of",
        "value": "628016.25",
        "weight": "0.01136824",
        "shared": false
      },
      {
        "name": "Colombia Titulos de Tesoreria, Series B",
        "value": "611302.65",
        "weight": "0.01106569",
        "shared": false
      },
      {
        "name": "Indonesia Treasury Bond",
        "value": "596870.85",
        "weight": "0.01080445",
        "shared": false
      },
      {
        "name": "THAILAND KINGDOM OF 3.39% 06/17/2037",
        "value": "563990.11",
        "weight": "0.01020925",
        "shared": false
      },
      {
        "name": "MEXICO UNITED MEXICAN STATES 10% 11/20/2036",
        "value": "563022.87",
        "weight": "0.01019174",
        "shared": false
      },
      {
        "name": "Republic of Indonesia",
        "value": "556156.63",
        "weight": "0.01006745",
        "shared": false
      },
      {
        "name": "SOUTH AFRICA REPUBLIC OF 8.25% 03/31/2032",
        "value": "552081.02",
        "weight": "0.00999367",
        "shared": false
      },
      {
        "name": "MALAYSIA GOVT OF 4.054% 04/18/2039",
        "value": "542474.06",
        "weight": "0.00981977",
        "shared": false
      },
      {
        "name": "Czech Republic Government Bond",
        "value": "525553.87",
        "weight": "0.00951348",
        "shared": false
      },
      {
        "name": "Czech Republic Government Bonds",
        "value": "513369.70",
        "weight": "0.00929293",
        "shared": false
      },
      {
        "name": "THAILAND GOVT",
        "value": "489567.77",
        "weight": "0.00886207",
        "shared": false
      },
      {
        "name": "MALAYSIA GOVT",
        "value": "469514.96",
        "weight": "0.00849907",
        "shared": false
      },
      {
        "name": "Egypt Treasury Bills",
        "value": "469048.22",
        "weight": "0.00849063",
        "shared": false
      },
      {
        "name": "TITULOS DE TESORERIA 13.250000% 02/09/2033",
        "value": "437663.07",
        "weight": "0.00792250",
        "shared": false
      },
      {
        "name": "Urad Vlady Ceske Republiky",
        "value": "430700.25",
        "weight": "0.00779646",
        "shared": false
      },
      {
        "name": "MEXICO UNITED MEXICAN STATES 7.75% 11/13/2042",
        "value": "426788.49",
        "weight": "0.00772565",
        "shared": false
      },
      {
        "name": "MALAYSIA GOVT OF 3.582% 07/15/2032",
        "value": "424510.44",
        "weight": "0.00768441",
        "shared": false
      },
      {
        "name": "Sandor-Palota",
        "value": "414346.76",
        "weight": "0.00750043",
        "shared": false
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0000940400-26-025006",
      "as_of": "2026-04-30",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/885709/000094040026025006/0000940400-26-025006-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0001410368-26-033400",
      "as_of": "2026-01-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/892071/000141036826033400/0001410368-26-033400-index.htm"
    }
  ]
}