# Portfolio overlap — PYAIX vs TGWIX Comparing **Payden Absolute Return Bond Fund** (2026-04-30) and **TCW Emerging Markets Local Currency Income Fund** (2026-01-31). - Shared positions: 5 - Payden Absolute Return Bond Fund covered by TCW Emerging Markets Local Currency Income Fund: 0.04874452082247525592906272615 - TCW Emerging Markets Local Currency Income Fund covered by Payden Absolute Return Bond Fund: 0.04874452082247525592906272615 ## 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 | | ## TCW Emerging Markets Local Currency Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Presidencia da Republica | 0.067469 | ✓ | | TURKIYE GOVERNMENT BOND TRY 37.84% 07-14-27 | 0.043758 | | | Brazil Notas do Tesouro Nacional Serie B | 0.043117 | | | NIGERIA REPUBLIC 0% 03/17/2026 | 0.038160 | | | Republic of India | 0.033674 | | | CHINA PEOPLES REPUBLIC OF 2.57% 05/20/2054 | 0.032054 | | | CZECH REPUBLIC GOVERNMENT BOND CZK 3.5% 05-30-35 | 0.031177 | | | Republic of India | 0.029579 | | | Egypt Treasury Bills | 0.024566 | | | Urzad Rady Ministrow | 0.021658 | | | Nigeria OMO Bill | 0.021161 | | | MEXICO UNITED MEXICAN STATES 7.5% 05/26/2033 | 0.020486 | | | PERU REPUBLIC OF 6.85% 08/12/2035 144A REGS | 0.020179 | ✓ | | Republic of Indonesia | 0.019945 | | | MALAYSIA GOVT OF 4.762% 04/07/2037 | 0.019722 | | | SOUTH AFRICA REPUBLIC OF 8.875% 02/28/2035 | 0.019585 | | | Republic of Uganda Government Bonds | 0.019584 | | | Republic of India | 0.018780 | | | MEXICO UNITED MEXICAN STATES 7.75% 11/23/2034 | 0.018583 | ✓ | | MALAYSIA GOVT OF 4.893% 06/08/2038 | 0.017935 | | | THAILAND KINGDOM OF 3.45% 06/17/2043 | 0.017040 | | | MEXICO UNITED MEXICAN STATES 8.5% 11/18/2038 | 0.015941 | | | Urzad Rady Ministrow | 0.015822 | | | SOUTH AFRICA REPUBLIC OF 8.5% 01/31/2037 | 0.015372 | ✓ | | TURKIYE GOVERNMENT BOND TRY 36.0% 08-12-26 | 0.015236 | | | MALAYSIA GOVT | 0.015210 | | | Egypt Treasury Bills | 0.015106 | | | REPUBLIC OF POLAND GOVERNMENT BOND PLN 1.25% 10-25-30 | 0.014696 | | | Titulos de Tesoreria | 0.013793 | | | SOUTH AFRICA REPUBLIC OF 6.25% 03/31/2036 | 0.012763 | | | Sandor-Palota | 0.012628 | | | Republic of India | 0.011426 | | | South Africa, Parliament of | 0.011368 | | | Colombia Titulos de Tesoreria, Series B | 0.011066 | | | Indonesia Treasury Bond | 0.010804 | | | THAILAND KINGDOM OF 3.39% 06/17/2037 | 0.010209 | | | MEXICO UNITED MEXICAN STATES 10% 11/20/2036 | 0.010192 | | | Republic of Indonesia | 0.010067 | | | SOUTH AFRICA REPUBLIC OF 8.25% 03/31/2032 | 0.009994 | | | MALAYSIA GOVT OF 4.054% 04/18/2039 | 0.009820 | | | Czech Republic Government Bond | 0.009513 | | | Czech Republic Government Bonds | 0.009293 | | | THAILAND GOVT | 0.008862 | | | MALAYSIA GOVT | 0.008499 | | | Egypt Treasury Bills | 0.008491 | | | TITULOS DE TESORERIA 13.250000% 02/09/2033 | 0.007923 | | | Urad Vlady Ceske Republiky | 0.007796 | | | MEXICO UNITED MEXICAN STATES 7.75% 11/13/2042 | 0.007726 | | | MALAYSIA GOVT OF 3.582% 07/15/2032 | 0.007684 | | | Sandor-Palota | 0.007500 | | ## Sources - N-PORT (fund A) — accession `0000940400-26-025006` (as of 2026-04-30) - N-PORT (fund B) — accession `0001410368-26-033400` (as of 2026-01-31) --- _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 _