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Payden Global Income Opportunities Fund

Unconstrained by traditional benchmarks, Payden can search the world to create a ‘best ideas’ portfolio that reflects the most promising risk-adjusted opportunities around the globe.

Fund Overview

As an unconstrained or absolute return investment strategy, the Fund is not beholden to a benchmark. It is designed to be better able to navigate the complexities of the evolving fixed income landscape and changing economic environment than traditional benchmark aware bond funds.

Unconstrained strategies are typically managed to beat a cash or equivalent benchmark, rather than a bond index; this removes constraints around duration and sector positioning. The result? A Fund that has the flexibility to dynamically alter its investment mix to find the best opportunities across securities, duration and geography.

The Fund is managed using the Payden Absolute Return Investing (PARI) strategy, which was designed to produce a reasonable level of return and protect the investment principal. With that objective in mind, this approach has been refined over more than 12 years while adhering to the following core concepts: produce positive returns, protect downside risk and capture ‘smart’ yield.

Payden’s approach enables the Fund to invest in the full spectrum of fixed income assets, of both long and short duration, providing a large degree of flexibility – as markets change, rates move up or down, Payden can significantly change the portfolio. In other words, Payden can invest anywhere, anytime, to produce a positive rate of return above the Bloomberg AusBond Bank Bill Index.

Entry and exit prices are available here.

QUICKLINKS
FUND FACTS
  • APIRGSF0008AU
  • mFund codeGSF08
  • Inception date18 September 2012
  • DistributionsQuarterly
  • Fund size at 30.04.2024$304.63M
  • Units on issue at 30.04.2024287.09 M
HOW TO INVEST

Investment can be made using the Fund’s PDS, via mFund or through key platforms, including:

  • AMP Flexible Super
  • AMP MyNorth
  • AMP North
  • ANZ Grow Wrap
  • Asgard
  • AUSMAQ
  • Beacon
  • BT Panorama
  • HUB24
  • IOOF
  • Macquarie Wrap
  • Mason Stevens
  • MLC Navigator
  • MLC Wrap
  • Netwealth
  • Oasis
  • PowerWrap
  • Praemium
  • Summit
  • uXchange
  • Wealthtrac
Research opinion

Portfolio Value of $10,000 Invested

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    string(4) "2.19"
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    string(4) "1.55"
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    string(4) "1.64"
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Payden Global Income Opportunities Fund Performance

As at
30 April 2024
Month % 3 Months % 1 Year % 3 Years % p.a. 5 Years % p.a. 7 Years % p.a. 10 Years % p.a. Since Inception1
% p.a.
Fund2 0.24 1.04 4.10 0.81 1.20 1.63 2.35 2.61
Benchmark3 0.35 1.07 4.24 2.19 1.55 1.64 1.83 1.98
Over / (Under) (0.11) (0.03) (0.14) (1.38) (0.35) (0.01) 0.52 0.63

Payden Global Income Opportunities Fund Performance Components

As at
30 April 2024
Month % 3 Months % 1 Year % 3 Years % p.a. 5 Years % p.a. 7 Years % p.a. 10 Years % p.a. Since Inception1
% p.a.
Distribution4 0.00 0.01 1.05 3.55 2.52 2.25 2.30 2.10
Growth 0.24 1.03 3.05 (2.74) (1.32) (0.62) 0.05 0.51
Total 0.24 1.04 4.10 0.81 1.20 1.63 2.35 2.61

18 September 2012
Fund returns are calculated net of management fees and assuming all distributions are reinvested
Bloomberg AusBond Bank Bill Index*

Past performance is not a reliable indicator of future performance.

*“Bloomberg®” and Bloomberg AusBond Bank Bill Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index (collectively, “Bloomberg”) and have been licensed for use for certain purposes by GSFM Responsible Entity Services Limited. Bloomberg is not affiliated with GSFM Responsible Entity Services Limited, and Bloomberg does not approve, endorse, review, or recommend the Payden Global Income Opportunities Fund. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Payden Global Income Opportunities Fund.

IMPORTANT INFORMATION

This material has been provided for general information purposes only and must not be construed as investment advice. This material has been prepared without taking account of the objectives, financial situation or needs of individuals. Before making an investment decision in relation to a Fund, investors should consider the appropriateness of this information, having regard to their own objectives, financial situation and needs, and read and consider the product disclosure statement (PDS) for the Fund prior to making any investment decision. The PDS is available on this website or by calling 1300 133 451.

Past performance information provided on this website is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. Investing involves risk including loss of capital invested. None of GSFM Responsible Entity Services Limited, its related bodies or associates nor any other person guarantees the repayment of capital or the performance of the Fund or any particular returns from the Fund. Please click on this link to read the disclaimers in full.

Investment Team

Eric Souders CFA

Eric Souders CFA

Director, Strategist & Portfolio Manager

Nigel Jenkins

Nigel Jenkins

Managing Director

Madyson Cassidy

Madyson Cassidy

Senior Vice President, Strategist

FUND AT A GLANCE
  • Typically holds a low duration bias
  • Aims to deliver quarterly income distributions
  • Diversified portfolio with up to 300 holdings
  • Managed using Payden’s proprietary PARI approach
  • Managed by a specialist investment house that’s large enough to get access to new issues, but small enough to execute trades nimbly, using cash rather than derivatives
  • Robust risk management process ensures that no single theme or risk factor dominates sector allocation or performance

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