Morningstar

Payden California Municipal Social Imp PYCRX

Morningstar Medalist Rating
Medalist Rating as of | See Payden Investment Hub
  • NAV / 1-Day Return 10.02  /  −0.37 %
  • Total Assets 163.8 Mil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 3.72%
  • Effective Duration 5.37 years

USD | NAV as of Oct 05, 2024 | 1-Day Return as of Oct 05, 2024, 12:57 AM GMT+0

Morningstar’s Analysis PYCRX

Will PYCRX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PYCRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PYCRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PYCRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A sound investment process and strong management team underpin Payden California Municipal Social Imp's Morningstar Medalist Rating of Silver.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings PYCRX

More PYCRX Holdings
  • 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

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