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 January 2025
Fund Inception Date Jun 21, 2017
Ticker PYGEIUA ID
ISIN Number IE00BYQJ9894
Sedol Number BYQJ989
Fund Total Net Assets $51.2 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 January 2025
Fund Inception Date Jun 21, 2017
Total Net Assets $51.2 million
Country Breakdown
Country Percent of Portfolio
United States78.8%
Euroland9.1%
Japan5.0%
United Kingdom3.1%
Switzerland2.5%
Canada1.5%
Sector Breakdown
Sector Percent of Portfolio
Financials25%
Industrials15%
Health Care10%
Technology10%
Communication Services7%
Energy6%
Consumer Discretionary6%
Consumer Staples6%
Real Estate5%
Materials4%
Utilities4%
Money Markets2%
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 (12/31/2024) 15.53% 15.53% 6.35% 7.49% N/A 7.49%
Month-end (1/31/2025) 4.62% 19.07% 8.64% 8.71% N/A 8.04%
Yearly Returns
202415.53%
202313.18%
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 January 2025

MARKET
Global equities were negative for the fourth quarter (MSCI World, net in USD: -0.2%), but still posted double-digit returns for 2024.
Most regions posted negative returns for the quarter, with only the US performing positively, driven by optimism surrounding potential fiscal and monetary policies.
Sector performance was mixed for the quarter with consumer discretionary (+8.8%), communications (+6.8%), and technology (+4.7%) leading markets higher, whilst materials (-14.3%), health care (-11.3%), and real estate (-9.0%) were the market laggards.

OUTLOOK
Our global equities outlook remains positive, supported by expectations of robust corporate earnings growth and healthy economic growth over the next 12 months.
Despite the positive fundamental backdrop, we believe equity returns may be limited in the near-term with market volatility likely picking up as investors wait for clarity surrounding fiscal and monetary policies.
We believe value-oriented/dividend paying stocks remain well-positioned to benefit from an expected steady growth and falling interest rate environment.

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.