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 $50.7 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 $50.7 million
Country Breakdown
Country Percent of Portfolio
United States70.0%
Euroland11.0%
United Kingdom7.0%
Switzerland4.0%
Canada2.0%
Japan2.0%
Australia2.0%
Scandinavia1.0%
Hong Kong1.0%
Sector Breakdown
Sector Percent of Portfolio
Financials18%
Energy14%
Health Care12%
Consumer Staples10%
Technology10%
Industrials9%
Consumer Discretionary8%
Utilities8%
Communication Services5%
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 (2/28/2019) 12.10% 0.17% N/A N/A N/A 3.71%
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 strong month of returns (+3.0%), adding to their year-to-date gains.
The risk-on sentiment was driven by optimism surrounding a U.S.-China trade deal, better-than-expected corporate quarterly earnings results, and the Fed signaling a pause in further interest rate hikes.
All sectors posted positive returns this month with Info Tech (+6.5%) and Industrials (+4.8%) leading markets higher. Conversely, Real Estate (+0.4%) and Communication (+0.9%) were the market laggards.

OUTLOOK
We maintain a positive outlook for equities for the next twelve months supported by our outlook for 3% global GDP growth and modest positive corporate earnings growth for 2019.
Volatility is likely to remain elevated as macro factors such as US-China trade concerns, Brexit, Federal Reserve policy, and lower oil prices continue to weigh on investor sentiment.
Positive corporate earnings growth and record amounts of cash on balance sheets support higher 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.