PAYDEN CALIFORNIA MUNICIPAL SOCIAL IMPACT FUND (PYCRX)
Payden At A Glance
$2.6 Billion
Municipal Bonds AUM (Represents municipal bond securities across all Payden & Rygel strategies) As of 12/31/2025
$303 Million
PYCRX Total Net Assets As of 2/28/2026
$166 Billion
Assets under management As of 12/31/2025
PYCRX was recognized in the California Intermediate Municipal Debt Funds category as the best fund over three, five and ten years.
The Payden California Municipal Social Impact Fund (PYCRX) is the recipient of three 2026 LSEG Lipper Fund Awards — recognized as the Best California Intermediate Municipal Debt Fund over each of the periods measured (three years, five years, and ten years). PYCRX aims to deliver tax-exempt income for California residents through a disciplined, diversified approach to intermediate-maturity municipal bonds.
Please see important disclosures at the bottom of this page.
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,
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.
Payden California Municipal Social Impact Fund (PYCRX)
The Payden California Municipal Social Impact 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.
LSEG Lipper Fund Awards, ©2026 LSEG. All rights reserved. Used under license.
The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. For more information, see lipperfundawards.com. Although LSEG makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, their accuracy is not guaranteed by LSEG Lipper. Number of observations: 3yr-15, 5yr-15, 10yr-15.
Past performance does not guarantee future results. Investment returns and principal value will fluctuate, so investors’ shares, when sold, may be worth more or less than their original cost. For the most recent month-end performance, which may be higher or lower than that quoted, visit our website at payden.com or call 800-572-9336.
For more information and to obtain a prospectus or summary prospectus, visit payden.com or call 800-572-9336. Before investing, investors should carefully read and consider investment objectives, risks, charges, expenses and other important information about the Fund, which is contained in these documents.
Social Impact Investing Risk: The Fund’s policy of investing in municipal securities for which, in the Adviser’s opinion, the proceeds raised are used consistent with positive social and/or environmental practices and outcomes could cause the Fund to perform differently compared to other mutual funds that do not have such a policy. The factors that the Adviser considers in evaluating an investment’s positive social and/or environmental benefits are part of a proprietary security selection methodology and may change over time. There are differences in interpretations of what it means to promote positive social and/or environmental benefits. While the Adviser believes its definitions are reasonable, the portfolio decisions it makes may differ with others’ views.
The information presented is for illustrative purposes only and not intended as professional tax, legal, or financial advice. Please consult your tax, legal, and financial adviser to review your specific circumstances.
Sources for the material contained herein are deemed reliable but cannot be guaranteed. This material is for illustrative purposes only and does not constitute investment advice or an offer to sell or buy any security. Past performance is no guarantee of future results.