UCITS Funds

Payden Global Equity Income Fund (PYGEIUA ID)

Base Share Class: USD

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

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

Share Class Snapshot - 31 August 2023
Fund Inception Date Jun 21, 2017
Ticker PYGEIUA ID
ISIN Number IE00BYQJ9894
Sedol Number BYQJ989
Fund Total Net Assets $55.9 million
Benchmark MSCI World Value Net USD Index
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 - 31 August 2023
Fund Inception Date Jun 21, 2017
Total Net Assets $55.9 million
Country Breakdown
Country Percent of Portfolio
United States72.0%
Euroland14.0%
Japan6.0%
Switzerland3.0%
United Kingdom3.0%
Canada2.0%
Sector Breakdown
Sector Percent of Portfolio
Financials16%
Technology14%
Industrials14%
Health Care11%
Consumer Discretionary9%
Consumer Staples8%
Communication Services8%
Energy7%
Money Markets4%
Utilities3%
Real Estate3%
Materials3%
Total 100%

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 (6/30/2023) 5.54% 10.10% 10.85% 6.07% N/A 5.62%
Month-end (8/31/2023) 6.04% 7.60% 8.51% 5.51% N/A 5.54%
Yearly Returns
2022-8.00%
202124.21%
2020-3.93%
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 - 31 August 2023

MARKET
Global equities fell (MSCI World Index, net in USD: -2.4%) for the month of August on global growth concerns surrounding China and central banks maintaining restrictive monetary policies for a prolonged period.
Europe led markets lower on mixed economic data and their greater reliance on China, while the US and Japan were among the best-performing developed markets supported by better-than-expected economic data.
Nearly all sectors posted losses for the month with utilities (-5.4%), materials (-4.6%), and financials (-3.6%) leading markets lower, whilst energy (+1.9%), health care (-0.7%), and communications (-1.5%) were the best performers.

OUTLOOK
As we move into September, we expect global economic growth to remain modestly positive through the end of the year, but market volatility will likely stay elevated as investors remain focused on central banks' policies and China's ability to stimulate their economy.
With economic and earnings growth prospects looking more optimistic, we believe that equity market leadership should broaden beyond mega-cap technology stocks to include value/dividend-paying stocks with healthy balance sheets and strong cash flow generation ability.
Valuations are beginning to look attractive for value/dividend-paying stocks relative to the broad market, whilst dividends and dividend growth should continue to help dampen portfolio volatility.

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.