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 $45.2 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 $45.2 million
Country Breakdown
Country Percent of Portfolio
United States69.8%
United Kingdom8.7%
Euroland7.7%
Switzerland4.7%
Japan3.2%
Canada1.9%
Australia1.6%
Scandinavia1.5%
Hong Kong0.9%
Sector Breakdown
Sector Percent of Portfolio
Financials21%
Energy13%
Health Care13%
Technology12%
Industrials9%
Consumer Staples8%
Utilities8%
Consumer Discretionary6%
Communication Services4%
Real Estate4%
Total 98%

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 (12/31/2018) -11.60% -11.60% N/A N/A N/A -3.37%
Month-end (12/31/2018) -11.60% -11.60% N/A N/A N/A -3.37%
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 their worst quarterly return in seven years due to growing recession fears, lower oil prices, and ongoing US-China trade headwinds.
US equities, which have offset the weak performances from other regions for most of the year, led the market sell-off.
With the exception of utilities (+0.7%), all other sectors posted losses led by energy (-21.5%) and info tech (-17.6%).

OUTLOOK
We anticipate high single-digit returns over the next 12 months, supported by our outlook for 3% global GDP growth and modest positive earnings growth.
Healthy corporate fundamental trends, along with valuations at attractive levels, should support higher equity prices.
Dividends should be intact. Stable corporate profits and record amounts of cash on balance sheets should support increased dividend payouts.
We favour areas that we expect to provide both above-average dividend yields and dividend growth, such as financials and technology stocks.

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.