Payden Global High Yield Bond Fund GBP (Accumulating)

The fund seeks to achieve income and growth through investment primarily in high yield below investment grade debt securities, of issuers based in OECD countries. The Fund may also invest in investment grade securities.

The Fund is actively managed with reference to the ICE BofA BB/B Global High Yield Constrained Index (Currency Hedged). It primarily invests in debt securities issued by corporations located in OECD member states, but may also invest in debt securities issued by governments, government agencies, and supranationals based in Europe and the U.S. The Fund may use derivatives for managing interest rate and currency risk more efficiently.

The Fund is rated 3 on the risk scale due to the medium level of risk associated with its investments in debt instruments. Risks include credit risk, liquidity risk, derivative risk, and operational risk. The value of the Fund may rise or fall based on bond yields, changes in credit worthiness of bond issuers, and currency risks.

https://www.payden.com/ucitsGHYfrm.aspx