UCITS Funds

Payden Global Equity Income Fund (PYGEIUA ID)

Base Share Class: USD
  • Overview
  • Portfolio Statistics
  • Performance & Expenses
  • Fund Commentary
Investment Strategy

The fund invests primarily in global large-capitalization common stocks with above-average dividend yields and other income-producing securities such as preferred stocks, master limited partnerships, and real estate investment trusts. The fund focuses on companies that have strong fundamentals and are expected to achieve positive earnings and dividend growth.

Fund Snapshot
Fund Inception Date Jun 21, 2017
Ticker PYGEIUA ID
ISIN Number IE00BYQJ9894
Sedol Number BYQJ989
Fund Total Net Assets $57.1 million
Benchmark MSCI WORLD VALUE INDEX (N) – USD
Currency Share Classes Available CAD, CHF, EUR, GBP, JPY, NOK, SGD, USD
Management Fee 0.55%
Total Expense Ratio 0.65%
Investment Minimum $1,000,000 initial

Unless otherwise indicated, all listed data represents past performance. There is no guarantee of future performance, nor are fund shares guaranteed. Funds are issued by Payden & Rygel Global, Ltd., which is authorised and regulated by the Financial Conduct Authority. The investment products and services of Payden & Rygel are not available in the United Kingdom to private investors. The value of an investment may fall as well as rise and an investor may get back less than the amount that has been invested. Income from an investment may fluctuate in value in money terms. Changes in rates of exchange may cause the value of an investment to go up or down.

Portfolio Characteristics
Fund Inception Date Jun 21, 2017
Total Net Assets $57.1 million
Country Breakdown
Country Percent of Portfolio
United States71.0%
Euroland14.0%
United Kingdom5.0%
Switzerland5.0%
Japan2.0%
Canada2.0%
Hong Kong1.0%
Sector Breakdown
Sector Percent of Portfolio
Financials16%
Technology15%
Health Care13%
Industrials13%
Consumer Staples11%
Communication Services7%
Real Estate7%
Utilities6%
Consumer Discretionary5%
Energy4%
Total 97%

Unless otherwise indicated, all listed data represents past performance. There is no guarantee of future performance, nor are fund shares guaranteed. Funds are issued by Payden & Rygel Global, Ltd., which is authorised and regulated by the Financial Conduct Authority. The investment products and services of Payden & Rygel are not available in the United Kingdom to private investors. The value of an investment may fall as well as rise and an investor may get back less than the amount that has been invested. Income from an investment may fluctuate in value in money terms. Changes in rates of exchange may cause the value of an investment to go up or down.


Total Returns
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Quarter-end (6/30/2020) -14.94% -8.50% 1.09% N/A N/A 0.69%
Month-end (8/31/2020) -8.89% -0.92% 2.62% N/A N/A 2.84%
Yearly Returns
201926.52%
2018-11.60%
20177.33%
Expenses
Management Fee 0.55%
Total Expense Ratio 0.65%

Unless otherwise indicated, all listed data represents past performance. There is no guarantee of future performance, nor are fund shares guaranteed. Funds are issued by Payden & Rygel Global, Ltd., which is authorised and regulated by the Financial Conduct Authority. The investment products and services of Payden & Rygel are not available in the United Kingdom to private investors. The value of an investment may fall as well as rise and an investor may get back less than the amount that has been invested. Income from an investment may fluctuate in value in money terms. Changes in rates of exchange may cause the value of an investment to go up or down.

Fund Commentary

MARKET
Global equities (MSCI World Index, net in USD) gained +6.7% in August, which marks the fifth straight month of positive returns.
The move higher in global equities was fueled by better-than-expected second-quarter corporate earnings, maintained support from central bank and government stimulus packages, and continued improvements in global economic data.
Almost all sectors posted positive returns in August, led by the consumer discretionary (+12.2%) and technology (+10.7%) sectors, while utilities (-1.4%) was the only sector to post a negative return.

OUTLOOK
We remain cautious in the near-term as the economic and corporate earnings impacts from the pandemic are still unknown, which should lead to more market volatility.
However, the long-term effects of the aggressive and decisive stimulus packages from global central banks and governments should support higher equity prices over the next 12-18 months.
We are targeting high-quality companies with strong balance sheets that have the capacity to continue to pay and grow their dividends over time (technology and health care).

Unless otherwise indicated, all listed data represents past performance. There is no guarantee of future performance, nor are fund shares guaranteed. Funds are issued by Payden & Rygel Global, Ltd., which is authorised and regulated by the Financial Conduct Authority. The investment products and services of Payden & Rygel are not available in the United Kingdom to private investors. The value of an investment may fall as well as rise and an investor may get back less than the amount that has been invested. Income from an investment may fluctuate in value in money terms. Changes in rates of exchange may cause the value of an investment to go up or down.