Payden Emerging Markets Corporate Bond Fund SI Class NMFQS:PYCIX

Under normal market conditions, the fund invests at least 80% of its total assets in corporate bonds issued by corporate issuers organized or headquartered in emerging market countries, or whose business operations are principally located in emerging markets countries. Generally, an "emerging market country" is any country which the International Monetary Fund, the World Bank, the International Finance Corporation, the United Nations or another third party organization defines as having an emerging or developing economy.