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 $53.8 million
Benchmark
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 $53.8 million
Country Breakdown
Country Percent of Portfolio
United States69.0%
Euroland15.0%
United Kingdom7.0%
Japan3.0%
Switzerland2.0%
Scandinavia1.0%
Canada1.0%
Australia1.0%
Hong Kong1.0%
Sector Breakdown
Sector Percent of Portfolio
Financials19%
Energy12%
Technology12%
Health Care12%
Industrials9%
Consumer Discretionary9%
Consumer Staples8%
Utilities7%
Communication Services5%
Real Estate4%
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 (3/31/2019) 13.73% 3.78% N/A N/A N/A 4.37%
Month-end (4/30/2019) 17.71% 6.00% N/A N/A N/A 6.12%
Yearly Returns
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) posted a positive return of +3.5% for April, extending its monthly winning streak to four.
Better-than-expected corporate earnings results, optimism surrounding a US-China trade deal, and the Federal Reserve's dovish tone drove the risk-on sentiment.
The best performing sectors were financials (+7.2%) and info tech (+6.4%), while health care (-2.4%) and real estate (-1.5%) were the worst performers.
Master limited partnerships (-1.4%) and real estate investment trusts (-0.3%) lagged the broad equity market as higher interest rates weighed on high dividend stocks.

OUTLOOK
We maintain a positive outlook on equities for the next 12 months, supported by our outlook for 3% global GDP growth and modest positive earnings growth.
Volatility is likely to remain elevated as macro factors such as fears of a global slowdown, US-China trade, Brexit, and central bank policies continue to weigh on investor risk sentiment.
Increasing corporate profits and record amounts of cash on balance sheets support higher dividend payouts.
Financial and technology stocks with above-average dividend yields and dividend growth should perform well.

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.