Payden California Municipal Social Impact Fund (PYCRX)
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.
Fund Info
| ISIN | US7043295150 |
|---|---|
| CUSIP | 704329515 |
| Issuer | Paydenfunds |
| Inception Date | Dec 16, 1998 |
| Category | Municipal Bonds |
| Min. Investment | $5,000 |
| Asset Class | Bond |
Expense Ratio
PYCRX features an expense ratio of 0.45%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Payden California Municipal Social Impact Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Payden California Municipal Social Impact Fund had a return of 2.57% year-to-date (YTD) and 7.39% in the last 12 months. Over the past 10 years, Payden California Municipal Social Impact Fund had an annualized return of 2.63%, while the S&P 500 had an annualized return of 10.87%, indicating that Payden California Municipal Social Impact Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.57% | 18.10% |
| 1 month | 0.59% | 1.42% |
| 6 months | 2.60% | 10.08% |
| 1 year | 7.39% | 26.58% |
| 5 years (annualized) | 2.05% | 13.42% |
| 10 years (annualized) | 2.63% | 10.87% |
Monthly Returns
The table below presents the monthly returns of PYCRX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.10% | -0.13% | 0.30% | -1.42% | 0.30% | 1.32% | 1.01% | 0.90% | 2.57% | ||||
| 2023 | 2.39% | -1.60% | 1.89% | 0.25% | -0.66% | 0.45% | 0.46% | -0.75% | -1.89% | -0.65% | 4.64% | 2.23% | 6.76% |
| 2022 | -2.26% | -0.30% | -2.43% | -2.29% | 1.15% | -0.98% | 1.89% | -1.56% | -2.82% | -0.52% | 3.42% | 0.34% | -6.39% |
| 2021 | 0.42% | -1.48% | 0.24% | 0.81% | 0.32% | 0.37% | 1.07% | -0.26% | -0.64% | -0.55% | 0.58% | 0.16% | 1.03% |
| 2020 | 1.81% | 1.49% | -3.73% | -1.66% | 2.56% | 1.04% | 1.61% | 0.35% | 0.16% | -0.13% | 1.47% | 0.62% | 5.57% |
| 2019 | 0.52% | 0.60% | 1.60% | 0.31% | 1.57% | 0.58% | 0.68% | 1.72% | -0.56% | 0.09% | 0.17% | 0.31% | 7.83% |
| 2018 | -1.27% | -0.33% | 0.39% | -0.31% | 1.18% | 0.08% | 0.28% | 0.39% | -0.80% | -0.78% | 0.91% | 0.87% | 0.58% |
| 2017 | 0.56% | 0.44% | 0.36% | 0.76% | 1.45% | -0.23% | 0.65% | 0.85% | -0.22% | 0.47% | -0.23% | 1.04% | 6.05% |
| 2016 | 1.04% | 0.24% | 0.15% | 0.38% | 0.14% | 1.10% | 0.05% | 0.14% | -0.25% | -0.71% | -3.42% | 0.69% | -0.52% |
| 2015 | 1.73% | -1.06% | 0.29% | -0.49% | -0.29% | -0.11% | 0.57% | 0.08% | 0.65% | 0.27% | 0.16% | 0.58% | 2.39% |
| 2014 | 1.49% | 0.98% | -0.37% | 1.08% | 0.88% | 0.09% | 0.09% | 0.96% | -0.10% | 0.57% | 0.09% | 0.16% | 6.05% |
| 2013 | 0.30% | 0.18% | -0.37% | 0.86% | -1.04% | -2.31% | 0.01% | -0.88% | 2.00% | 0.99% | -0.39% | -0.10% | -0.82% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PYCRX is 70, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Payden California Municipal Social Impact Fund (PYCRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Payden California Municipal Social Impact Fund granted a 3.70% dividend yield in the last twelve months. The annual payout for that period amounted to $0.37 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.33 | $0.18 | $0.16 | $0.39 | $0.47 | $0.25 | $0.24 | $0.33 | $0.35 | $0.32 | $0.30 |
Dividend yield | 3.70% | 3.31% | 1.81% | 1.50% | 3.70% | 4.54% | 2.44% | 2.29% | 3.32% | 3.35% | 3.05% | 3.00% |
Monthly Dividends
The table displays the monthly dividend distributions for Payden California Municipal Social Impact Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.23 | |||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.33 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.16 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 | $0.39 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 | $0.47 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.25 |
| 2017 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 | $0.24 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.18 | $0.33 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.14 | $0.35 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.10 | $0.32 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.08 | $0.30 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Payden California Municipal Social Impact Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Payden California Municipal Social Impact Fund was 10.81%, occurring on Oct 26, 2022. Recovery took 441 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -10.81% | Aug 5, 2021 | 310 | Oct 26, 2022 | 441 | Jul 31, 2024 | 751 |
| -9.44% | Mar 10, 2020 | 10 | Mar 23, 2020 | 167 | Nov 17, 2020 | 177 |
| -8.07% | Sep 12, 2008 | 26 | Oct 17, 2008 | 58 | Jan 12, 2009 | 84 |
| -5.46% | Mar 15, 2004 | 43 | May 13, 2004 | 111 | Oct 21, 2004 | 154 |
| -5.35% | Sep 1, 2010 | 96 | Jan 18, 2011 | 132 | Jul 27, 2011 | 228 |
Volatility
Volatility Chart
The current Payden California Municipal Social Impact Fund volatility is 0.48%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.