Payden & Rygel Receives 2026 LSEG Lipper Fund Award For The Payden California Municipal Social Impact Fund (PYCRX) As The Best California Intermediate Municipal Debt Fund Over Three, Five And Ten Years
Payden & Rygel, one of the largest privately-held global investment advisory firms, today announced that the Payden California Municipal Social Impact Fund (PYCRX) is a LSEG Lipper Fund Awards United States 2026 winner in the California Intermediate Municipal Debt Funds category.
“The 2026 LSEG Lipper Fund Awards mark another volatile three-year stretch for global markets. The managers we’re recognizing have guided investors through an environment where base rates have spiked, then diverged, as central banks navigated new and challenging inflationary landscapes, alongside uneven global growth, and heightened geopolitical risk,” said Otto Christian Kober, Head of Lipper Research, LSEG Data Analytics.
“Whether managers entered the market in the era of easy money or have navigated cycles for decades, the recent period made one thing plain: durable results come from a disciplined process, not prediction. We applaud the 2026 LSEG Lipper Fund Award winners for delivering outperformance and the steady reassurance of consistency through changing market conditions,” he added.
PYCRX was recognized in the California Intermediate Municipal Debt Funds category as the best fund over three, five and ten years. The fund generally invests in intermediate-maturity municipal bonds that are exempt from Federal, state, and local taxes for California residents. The fund seeks to provide attractive current income while preserving capital. Holdings are diversified across sectors and issuers.
