PYCLX – Payden California Municipal Scl Imp Adv Investment Strategy | Morningstar

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Strategy

The investment seeks income that is exempt from Federal and California income tax and is consistent with preservation of capital. Under normal market circumstances, the fund invests at least 80% of its net assets (plus borrowings for investment purposes, if any) in "California Municipal Securities," which are defined as debt obligations issued by the State of California, local governments and other authorities in California, and their agencies and instrumentalities, or by other issuers, all of which pay interest income exempt from Federal and California personal income tax.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PYCLX	Payden California Municipal Social Impact Fund Adviser	No Load	Open	—		Nov 30, 2023	$68,526.00	0.700%	High	$5,000	−$171,790.69
PYCRX	Payden California Municipal Social Impact Fund	Institutional	Open			Dec 17, 1998	$303.94M	0.450%	Below Average	$100,000	$69.08M

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