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Morningstar

Payden California Municipal Social Imp PYCRX

Morningstar Medalist Rating
Medalist Rating as of | See Payden Investment Hub
  • NAV / 1-Day Return 9.48  /  0.31 %
  • Total Assets 156.0 Mil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Below Average
  • 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 2.95%
  • Effective Duration 5.16 years

USD | NAV as of Oct 03, 2023 | 1-Day Return as of Oct 03, 2023, 10:17 PM 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.

Strength in Payden California Municipal Social Imp's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

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

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PYCRX

More PYCRX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 123
  • Other Holdings 7
  • % Assets in Top 10 Holdings 27.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA ST 5%

7.30
10,227,930
municipal

SACRAMENTO CALIF TRANSN AUTH SALES TAX REV 2.6%

3.43
4,800,000
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.5%

2.50
3,502,203
municipal

LOS ANGELES CALIF DEPT WTR & PWR REV 5%

2.44
3,418,175
municipal

SAN DIEGO CALIF UNI SCH DIST 5%

2.25
3,147,195
municipal

LOS ANGELES CALIF DEPT WTR & PWR REV 5%

2.16
3,019,939
municipal

SAN DIEGO CALIF HSG AUTH MULTIFAMILY HSG REV 3.5%

2.14
3,000,000
municipal

UNIVERSITY CALIF REVS 2%

1.78
2,500,000
municipal

SAN FRANCISCO CALIF BAY AREA RAPID TRAN DIST 5%

1.75
2,445,548
municipal

LOS ANGELES CALIF DEPT ARPTS REV 5.5%

1.63
2,278,461
municipal