Payden Global Equity Income Fund
NAV / Daily Prices
NAV ($)
21.08
NAV Change ($)
-0.18
Statistics
Yield
2.50%
Beta
0.8
Weighted Average Market Cap
438.4 B
Price-to-Earnings (Trailing)
22.6x
Price-to-Book
3.0x
Historical 3-Year Earnings Growth
16.60%
Historical 3-Year Dividend Growth
10.00%
Long Term Earnings Growth
11.30%
Expenses
Management Fee
0.55%
Maximum Total Expense Ratio (TER) Capped at
0.65%
Initial Charge
NONE
Redemption Fee
NONE
1
# of Funds
Overall
★★★★
1146
3 Year
★★★★☆
00
Category
Global Equity Income
Data as of
1/31/2026
Payden Global Equity Income Fund - USD Unhedged Accumulating
MSCI World Value Net USD Index
| Total Returns | Month-End (31 Jan 2026) | MSCI World Value Net USD Index |
| YTD | 3.31% | 4.69% |
| 1 Year | 14.09% | 21.01% |
| 3 Year | 14.52% | 14.50% |
| 5 Year | 12.41% | 12.59% |
| 10 Year | - | - |
| Since Inception | 8.72% | 9.06% |
Yearly Returns
Past performance is no guarantee of future results.
Fund Snapshot
Fund Inception Date
21 Jun 2017
Fund Share Class Inception Date
21 Jun 2017
Fund Share Class
USD Unhedged Accumulating
Hedged
No
ISIN Number
IE00BYQJ9894
Ticker
PYGEIUA
Irish Stock Exchange Listed
Yes
UCITS Compliant
Yes
Liquidity
Daily
Investment Minimum*
$1,000,000 Initial
Overall Fund AUM
As of 31 Jan 2026
$51.9 Million
Total Payden Equity Strategy AUM
As of 31 Dec 2025
$1.4 Billion
Benchmark
MSCI World Value Net USD Index
Date as of
Role in Portfolio
Large-Capitalization Value - Appropriate for conservative equity investors who seek current income and moderate exposure to global equity markets.
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.
Why Investors Choose This Fund?
Income focus from large-cap companies that generate sustainable cash flows with the ability to pay and grow dividends over time.
Strategy is well diversified across security types with exposures to REITs, preferred and common equities.
Current emphasis on dividend growth may mitigate the impact of inflation and rising interest rates on income-oriented securities.
Actively managed by Payden & Rygel with a proven track record of managing institutional global equity accounts.
Global markets experience.
KIID SRRI: 5/PRIIPs KID SRI: 4.
Security Type Allocation
Security Type
Percent of Portfolio
Common Stock
92%
Preferred Stock
4%
REIT
3%
Cash
1%
Country Allocation
Country
Percent of Portfolio
United States
71.4%
Euroland
10%
United Kingdom
9.7%
Japan
4.2%
Switzerland
3.2%
Canada
1.5%
Sector Allocation
Sector
Percent of Portfolio
Financials
26%
Industrials
14%
Health Care
12%
Technology
11%
Communication Services
9%
Consumer Staples
7%
Energy
6%
Utilities
5%
Consumer Discretionary
4%
Materials
3%
Other
3%
Market
Global equities posted positive returns for the first month of 2026, with the MSCI World Value Index rising 2.2% (net in USD).
We saw a rotation in market leadership over the month as value-oriented and more cyclical segments outperformed, supported by better-than-expected corporate earnings and resilient economic data. All regions posted positive returns, led by emerging markets.
Sector performance was mostly positive, led by energy (+12.6%), as elevated oil prices responded to shifting geopolitical headlines. Materials (+8.9%) and industrials (+7.1%) were the next best performers, whilst technology (-1.7%), consumer discretionary (+0.2%), and financials (+0.4%) were the worst performing sectors.
Outlook
We maintain a positive outlook on the global equity market in 2026, supported by expectations for continued corporate earnings growth over the next 12 months and potentially easing monetary policies.
In the near term, however, we are moderating our expectations for significant price appreciation given elevated valuations and rising geopolitical concerns.
We continue to favour quality companies with durable cash flows and strong balance sheets, to capture secular and cyclical growth opportunities, whilst emphasising the importance of diversification and reasonable valuations to help dampen portfolio volatility.
1. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and 10-year (if applicable) Morningstar Rating metrics.
© 2026 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Overall rating out of 1146 Global Equity Income funds as of 31-01-26.
2. Returns less than one year are not annualised. Performance does not take account of the commissions and costs incurred on the issue and redemption of shares. Future performance is subject to taxation which depends on the personal situation of each investor, and which may change in the future. Complete information on risks can be found in the prospectus.
Payden Global Equity Income Fund is a sub-fund of Payden Global Funds plc, an open-ended investment company with variable capital incorporated under Ireland law and is authorised by FINMA for offering to non-qualified investors. The prospectus for Switzerland, the key investor information documents ("KIID"), the articles, the semi-annual and annual reports and other information can be obtained free of charge from the Fund's representative and paying agent in Switzerland: Reyl & Cie SA., 4, rue de Rhône, 1204 Geneva, Switzerland.
The Fund is actively managed with reference to the MSCI World Value Net USD Index (the "Index"). The Index is used (i) as a universe from which to select or hold securities; (ii) to measure performance of the Fund; and (iii) for the purposes of calculating relative Value at Risk (“VaR”). The investment manager has discretion over the composition of the portfolio of the Fund and may select securities not included in the Index. However, in normal market circumstances, whilst it is expected that a significant portion of the Fund’s constituents will also be Index constituents, deviations from the Index may be material. Whilst the investment manager does not employ a defined strategy to align with a benchmark during periods of volatility, it will take account of market environment and perceived risks at any given time and will employ its investment discretion as described in the investment policy accordingly.
This is a marketing communication. Please refer to the prospectus of Payden Global Funds plc and to the PRIIPs KID or KIID before making any final investment decision. This material has been prepared by Payden & Rygel Global Limited, a company authorised and regulated by the Financial Conduct Authority of the United Kingdom, and by Payden Global SIM S.p.A., an investment firm authorised and regulated by Italy’s CONSOB with passporting to provide services in certain EU jurisdictions. It is directed exclusively at professional investors or eligible parties and counterparties as defined by the rules of the Financial Conduct Authority or, for EU jurisdictions, by the rules of the Markets in Financial Instruments Directive (“MiFID”), as transposed in the relevant EU jurisdictions, and is not intended for use by retail investors. Suitability/appropriateness of the investment is the responsibility of the investor, no assurance can be given that the stated investment objectives will be achieved, and the value of investments may fall as well as rise. This information does not constitute an invitation or offer to subscribe for or purchase any of the products mentioned which will only be accepted on the basis of the relevant prospectus. The law may restrict distribution of this information in certain jurisdictions, therefore, persons into whose possession this message comes should inform themselves about and observe any such restrictions. Waystone Management Company (IE) Limited, the Manager, is authorised in Ireland and regulated by the Central Bank of Ireland.