Payden Global Inflation-Linked Bond Fund - GBP DIS Fonds

The Fund aims to provide protection from rising inflation through investment primarily in investment grade inflation-linked bonds issued by governments and government agencies of developed countries. Payden & Rygel Global Limited (the 'Investment Manager ') will actively select, purchase and sell securities with the aim of meeting the investment objectives of the Fund. The Fund will invest mostly in debt securities issued by governments, government agencies, supranationals (e.g. the International Bank for Reconstruction & Development) of the United States, Canada, Australia, New Zealand, EU member states and Japan. The Fund may use derivatives with the aim of managing interest rate and currency risk more efficiently. The Fund may also use derivatives for both hedging purposes and for taking investment positions. These may include short positions where the Fund seeks to benefit from the sale of an asset that it does not physically own.