UCITS Funds

Payden Global Equity Income Fund (PYGEIUA)

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
ISIN Number IE00BYQJ9894
Sedol Number BYQJ989
Fund Total Net Assets $49.8 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 $49.8 million
Country Breakdown
Country Percent of Portfolio
United States49.9%
Euroland13.9%
United Kingdom11.5%
Japan8.8%
Canada5.2%
Switzerland3.8%
Scandinavia3.4%
Hong Kong1.8%
Australia1.7%
Sector Breakdown
Sector Percent of Portfolio
Financials26%
Technology12%
Industrials10%
Health Care10%
Energy9%
Telecomm7%
Consumer Staples7%
Consumer Discretionary6%
Real Estate5%
Utilities4%
Total 96%

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 (12/31/2017) 7.33% N/A N/A N/A N/A 7.33%
Month-end (1/31/2018) 3.30% N/A N/A N/A N/A 10.87%
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 posted another strong month of returns (+5.3%) after posting its 15th consecutive monthly gain.
Better-than-expected corporate quarterly earnings results and synchronized global expansion have sent stock prices to record highs.
On a sector level, consumer discretionary (+8.0%) and info tech (+7.5%) were the best performers for the month, while the defensively viewed utilities (-0.9%) and real estate (+0.6%) were the worst performers.
Security type performance was mixed for the month with high-dividend stocks and master limited partnerships posting positive returns. Conversely, real estate investment trusts and preferred stocks posted losses, which can be attributed to higher interest rates.

OUTLOOK
We maintain a positive outlook on equities for 2018 based on moderate economic growth of 3% in a still low interest rate environment.
Valuations are above historical averages, but equities should continue to be supported by strong corporate earnings growth with 2018 consensus growth estimates in the low double digits.
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.