Payden California Municipal Social Impact Fund
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Fund Information
Fund Type
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Open/Closed to New Investors
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Cash
Stock
U.S. Stock
Non U.S. Stock
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U.S. Bond
Non-U.S. Bond
Preferred
Convertible
Other
Services Offered
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Company Information
Provider
Paydenfunds
Manager/Tenure
(Years)
(Years)
Michael E. Salvay (15), Mary Beth Syal (5), Adam Congdon (3)
Website
Address
Paydenfunds
Los Angeles CA - 90071
Los Angeles CA - 90071
Country
United States
Phone Number
614-470-8006
Investment 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.