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 $50.9 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 $50.9 million
Country Breakdown
Country Percent of Portfolio
United States66.3%
United Kingdom8.6%
Euroland6.8%
Japan5.3%
Switzerland4.9%
Scandinavia2.7%
Canada2.1%
Hong Kong1.8%
Australia1.5%
Sector Breakdown
Sector Percent of Portfolio
Financials20%
Energy13%
Health Care11%
Technology11%
Industrials10%
Consumer Staples8%
Utilities7%
Consumer Discretionary6%
Real Estate6%
Communication Services5%
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 (9/30/2018) -0.30% 4.37% N/A N/A N/A 5.43%
Month-end (9/30/2018) -0.30% 4.37% N/A N/A N/A 5.43%
Yearly Returns
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) rallied for the second consecutive quarter after returning +5.0% for the third quarter 2018.
Robust corporate earnings growth and stronger economic data helped offset the ongoing US-China trade war rhetoric.
The best performing sectors were health care (+11.6%) and info tech (+8.2%), while the worst performing sectors were real estate (-0.9%) and materials (-0.4%).
With the exception of master limited partnerships, most dividend stocks lagged the broad market with interest rates rising on the back of the Federal Reserve rate hike and the robust economic growth environment.

OUTLOOK
We anticipate high single-digit returns over the next 6 months, supported by our outlook for above 3% global GDP growth, and double-digit earnings and dividend growth.
Positive corporate fundamental trends, along with valuations at reasonable 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.