3 / 5 Stars
2 2 4 5 2
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#23 in World Bond
U.S. News evaluated 100 World Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 0.69 percent over the past year, 3.25 percent over the past three years, 5.85 percent over the past five years, and 4.19 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-1.0%|
|3 Years (Annualized)||3.2%|
|5 Years (Annualized)||5.8%|
|10 Years (Annualized)||4.2%|
The investment seeks a high level of total return that is consistent with preservation of capital. The fund invests in a wide variety of debt instruments and income-producing securities. It invests at least 65% of its total assets in investment grade debt securities, including securities of issuers organized or headquartered in emerging markets countries. However, the fund may invest up to 35% of its total assets in debt securities rated below investment grade. It invests at least 65% of its total assets in debt securities of issuers organized or headquartered in at least three countries, one of which may be the United States. The fund is non-diversified.
Fees are Low compared to funds in the same category.
Payden Global Fixed Income Fund has an expense ratio of 0.72 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.