Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
Payden California Municipal Scl Imp Adv PYCLX
- NAV / 1-Day Return 10.01 / −0.37 %
- Total Assets 163.8 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.700%
- Distribution Fee Level High
- Share Class Type No Load
- Category Muni California Intermediate
- Credit Quality / Interest Rate Sensitivity High/Moderate
- Min. Initial Investment 5,000
- Status Open
- TTM Yield —
- Effective Duration 5.37 years
USD | NAV as of Oct 05, 2024 | 1-Day Return as of Oct 05, 2024, 1:13 AM GMT+0
Morningstar’s Analysis PYCLX
Will PYCLX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 29.7
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Cash Offset- Futures | 19.59 | 31.3 Mil | Cash and Equivalents |
United States Treasury Notes 4.125% | 6.41 | 10.2 Mil | Government |
LOS ANGELES CNTY CALIF PUB WKS FING AUTH LEASE REV 5% | 5.71 | 9.1 Mil | municipal |
SACRAMENTO CALIF AREA FLOOD CTL AGY 5% | 2.99 | 4.8 Mil | municipal |
SAN DIEGO CNTY CALIF REGL TRANSN COMMN SALES TAX REV 5% | 2.96 | 4.7 Mil | municipal |
CALIFORNIA ST 5% | 2.37 | 3.8 Mil | municipal |
SAN BERNARDINO CALIF CMNTY COLLEGE DIST 5% | 2.15 | 3.4 Mil | municipal |
Payden Cash Reserves Money Market | 2.07 | 3.3 Mil | Cash and Equivalents |
CALIFORNIA HSG FIN AGY MULTIFAMILY TAX-EXEMPT MTG-BKD BDS 3.75% | 1.88 | 3.0 Mil | municipal |
MODESTO CALIF WTR REV CTFS PARTN 2.35% | 1.82 | 2.9 Mil | municipal |