Payden Global Equity Income Fund - USD ACC Fonds

The investment objective of the Fund is to achieve income and long-term capital growth by investing primarily in equity securities and on a global basis. The Fund will mainly invest in equities with above-average dividend yields and large market capitalisations and will also invest in other income-producing equity securities including preference shares, real estate investment trusts and master limited partnerships. The Fund may also invest in money-market instruments for ancillary liquidity purposes. The Fund may invest up to 10% of its net assets in collective investment schemes including exchange traded funds. The Fund may use derivatives (a financial contract that gives the Fund exposure to an asset without investing directly in the asset) 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.