Payden Emerging Markets Local Bond Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 18.43 12.0 6.44
Stocks 0.0 0.0 0.0
Bonds 1.91 0.0 1.91
Other 2.93 0.0 2.93
Foreign Bonds 88.72 0.0 88.72
Foreign Stocks 0.0 0.0 0.0
Convertible 0.0 0.0 0.0
Preferred 0.0 0.0 0.0

Updated 04.30.2014

Top 10 Holdings

Performance as of 06.30.2014

Portfolio as of 04.30.2014

% Net Assets
Foederative Republik Brasilien, Bras 10% 3.69
Malaysia (Govt Of) 3.889% 2.59
Brazil(Fed Rep Of) 10% 2.56
Poland(Rep Of) 2.5% 2.46
Poland(Rep Of) 5.5% 2.43
Russian Federation 7.4% 2.43
Sth Africa(Rep Of) 6.25% 2.41
Turkey(Rep Of) 10.5% 2.29
Thailand(Kingdom) 3.875% 2.22
Malaysia (Govt Of) 3.26% 2.22

Bond Ratings (%)

Updated 04.30.2014

Sector PYEAX
AAA 4.1
AA 0.2
A 26.7
BBB 44.6
BB 19.2
B 3.4
Below B 0.0
Other 1.8