# Portfolio overlap — PYAIX vs PYCEX Comparing **Payden Absolute Return Bond Fund** (2026-04-30) and **Payden Emerging Markets Corporate Bond Fund** (2026-04-30). - Shared positions: 19 - Payden Absolute Return Bond Fund covered by Payden Emerging Markets Corporate Bond Fund: 0.04682605593469565575276650814 - Payden Emerging Markets Corporate Bond Fund covered by Payden Absolute Return Bond Fund: 0.04682605593469565575276650815 ## Payden Absolute Return Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Payden Emerging Markets Local Bond Fund | 0.046987 | | | iShares JP Morgan USD Em Mkts Bd ETF | 0.018580 | | | MEXICO UNITED MEXICAN STATES 7.75% 11/23/2034 | 0.016966 | | | Presidencia da Republica | 0.012519 | ✓ | | PERU REPUBLIC OF 6.85% 08/12/2035 144A REGS | 0.012049 | ✓ | | Payden Cash Reserves Money Market Fund | 0.010692 | ✓ | | Sandor-Palota | 0.007666 | | | SOUTH AFRICA REPUBLIC OF 8.5% 01/31/2037 | 0.007116 | ✓ | | US TREASURY N/B | 0.006840 | | | EMRLD Borrower L.P., Incremental Term Loan B | 0.006509 | | | BX 2025-BIO3 Mortgage Trust | 0.006410 | | | OBX 2026-NQM3 A3 | 0.006187 | | | ROMANIA REPUBLIC OF 3.65% 09/24/2031 | 0.006027 | | | STACR 2026-DNA1 M2 | 0.005923 | | | REPUBLIC OF GHANA 5.000000% 07/03/2029 | 0.005673 | | | GALXY 2016-22A AR4 | 0.005596 | | | Federal National Mortgage Association Connecticut Avenue Securities Trust | 0.005465 | | | AAdvantage Loyality IP Ltd. (American Airlines, Inc.), Term Loan B | 0.005450 | | | FNMA Connecticut Avenue Securities Trust, Series 2021-R01, Class 1B2 | 0.005443 | | | AMWINS TERM B 1LN 01/30/2032 | 0.005432 | | | OMNIA PARTNERS TERM B 1LN 12/31/2032 | 0.005372 | | | Fannie Mae Connecticut Avenue Securities | 0.005218 | | | Allegro CLO XII Ltd., Series 2020-1A, Class A1R | 0.005210 | | | Penta CLO 11 DAC | 0.005207 | | | MKS, Inc. | 0.005093 | | | T/L ALPHA GENERATION LLC REGD ZCP TERM LOAN 0.00000000 | 0.005055 | | | NRTH PARK Mortgage Trust | 0.005007 | | | CWENA 5.75 01/15/34 144A | 0.005007 | | | Allison Transmission Term Loan B (Incremental) 175 2032-10-28 | 0.004975 | | | RAISING CANE'S RESTAURANTS TERM B 1LN 11/03/2032 | 0.004962 | | | GRAHAM PACKAGING/GPC CAP | 0.004960 | | | KKR Clo 25 Ltd | 0.004951 | | | KKR CLO 26 Ltd., Series 26, Class ARR | 0.004882 | | | Wells Fargo & Co. | 0.004862 | | | GRIFOLS INTERNATIONAL SERVICES DAC | 0.004823 | | | NOVELIS CORP REGD 144A P/P 6.37500000 | 0.004779 | | | Henley CLO III DAC | 0.004696 | | | VERUS SECURITIZATION TRUST VERUS 2024 R1 A1 144A | 0.004593 | | | MHED TL B2 1L USD | 0.004539 | | | HOLOGIC TERM B 1LN 01/14/2033 | 0.004463 | | | Madison Park Funding LVII Ltd., Series 2022-57A, Class A1R | 0.004322 | | | PR RNO Property Owner 1 LLC | 0.004287 | ✓ | | FREDDIE MAC STACR REMIC TRUST STACR 2021 HQA1 B2 144A | 0.004281 | | | CNX Resources Corp | 0.004251 | | | BRAVO Residential Funding Trust, Series 2025-NQM7, Class A1 | 0.004242 | | | FIOS 2A DR | 0.004231 | | | UNITED MEXICAN | 0.004185 | | | Quikrete Term Loan B-3 (Incremental) 225 2032-01-23 | 0.004172 | | | BDS 2025-FL15 LLC SER 2025-FL15 CL A V/R REGD 144A P/P 5.13104000 | 0.004165 | | | FNMA Connecticut Avenue Securities Trust, Series 2025-R02, Class 1A1 | 0.004137 | | ## Payden Emerging Markets Corporate Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Payden Cash Reserves Money Market Fund | 0.042823 | ✓ | | CNTL AMR BOTTLING CORP REGD 144A P/P 5.25000000 | 0.015310 | | | YPANBR 8.947 07/31/42 144A | 0.012352 | | | FMCN 8.625 06/01/31 144A | 0.011921 | | | INTERCORP PERU LTD | 0.011726 | | | Banco Internacional Del Peru S.A.A. - Interbank | 0.011439 | | | BRASKM 4 1/2 01/31/30 | 0.010499 | | | SAMMIN 9.5 06/30/31 144A | 0.010452 | | | Saavi Energia Sarl | 0.010018 | | | Compania de Minas Buenaventura S.A.A. | 0.009889 | | | Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand | 0.009780 | | | PETROLEOS MEXICANOS SR UNSEC SF 6.7% 02-16-32 | 0.009427 | | | WYNN MACAU LTD SR UNSECURED 144A 02/34 6.75 | 0.009420 | | | Veon Midco BV | 0.009301 | | | Chile Electricity PEC SpA | 0.009287 | | | Hotwire Funding LLC, Series 2024-1A, Class C | 0.009006 | ✓ | | PERU REPUBLIC OF 6.85% 08/12/2035 144A REGS | 0.008742 | ✓ | | .NGOMO 09/08/26 0 | 0.008664 | | | ENERGUATE TRUST 2 0 SR UNSECURED 144A 09/35 6.35 | 0.008436 | | | Alfa Transmisora De Energia S.A. | 0.008350 | | | MEXICO CITY ARPT TRUST REGD 144A P/P 4.25000000 | 0.008345 | | | COLOMBIA TELECOMUNICACIO REGD 144A P/P 4.95000000 | 0.008057 | | | Threelands Ltd. SA RL 7.45%, Due 10/20/2035 | 0.008022 | | | IHS HOLDING LTD COMPANY GUAR 144A 05/30 7.875 | 0.007838 | | | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX 5.13 01/18/2033 | 0.007535 | | | NIAGARA ENERGY SAC SR UNSECURED 144A 10/34 5.746 | 0.007340 | | | Digicel International Finance Ltd / Difl US LLC | 0.007242 | | | TELECOM ARGENTINA SA SR UNSECURED 144A 05/33 9.25 | 0.007212 | | | AES ANDES SA SR UNSECURED 144A 03/29 6.3 | 0.007204 | | | SAEL/SPREPL/SSSPL/JGPEPL/SKREPL/UBEPL 144A 7.800000% 07/31/2031 | 0.006779 | | | Marcobre SAC | 0.006692 | | | INDIA CLEAN ENERGY HOLDINGS SR SECURED 144A 04/27 4.5 | 0.006621 | | | GCM MINING CORP 8% 10/31/2029 144A | 0.006603 | | | CHILE ELECTRICITY LUX MPC SARL 6.01% 01/20/2033 144A | 0.006587 | | | SABLE INTL FIN LTD 7.125% 10/15/2032 144A | 0.006482 | | | BCP V6.45 07/30/35 144A | 0.006472 | | | Fideicomiso Irrevocable 1721 | 0.006296 | | | Continuum Green Energy India Pvt / Co-Issuers | 0.006265 | | | Presidencia da Republica | 0.006185 | | | Orazul Energy Peru SA | 0.006150 | | | BANORT 5 7/8 PERP | 0.006035 | | | Cemex SAB de CV | 0.006010 | | | Shriram Finance Ltd. | 0.005979 | | | ANGLOGOLD HOLDS | 0.005937 | | | Fermaca Enterprises S de RL de CV | 0.005881 | | | PETROLEOS MEXICANOS REGD 6.62500000 | 0.005758 | | | MINERA MEXICO SA DE CV SR UNSECURED 144A 02/32 5.625 | 0.005758 | | | GDZ Elektrik Dagitim AS | 0.005636 | | | Navoiy Kon-Metallurgiya Kombinati Aksiyadorlik Jamiyati | 0.005616 | | | GRUPO NUTRESA SA COMPANY GUAR 144A 05/30 8 | 0.005572 | | ## Sources - N-PORT (fund A) — accession `0000940400-26-025006` (as of 2026-04-30) - N-PORT (fund B) — accession `0000940400-26-025020` (as of 2026-04-30) --- _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._ _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._ _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. See _