CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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BR CA Muni Incm Tr (BFZ)

Single State Muni Bond Funds - California (CA) Municipal Bond

Data as of April 28, 2017
Market Price $14.27 (+ $0.04)
NAV (April 28, 2017) $15.13 ( $0.00)
Premium / Discount -5.68% (+0.26%)
Fund Info
Inception July 27, 2001
Sponsor BlackRock Advisors
Website www.blackrock.com/inve...
Phone 1-800-882-0052
Objective: Current income exempt from regular US federal income and California income taxes; Investment grade municipal obligations
Capital & Leverage
Outstanding Shares 31,902,885
Gross Assets $836M
Net Assets $483M
Market Cap $455M
Purchases Turnover 46.16%
Sales Turnover 46.47%
Total Leverage 41.41%
Structural Leverage (out of total) 20.79%
Portfolio Leverage (out of total) 20.62%
Expense Ratio 2.11%
Non Lev Exp Ratio 1.08%
Rel Lev Cost 1.43%
Discount Data
Average Discount (3 Yr) -3.44%
Discount Low(3 Yr) -10.30%
Discount High(3 Yr) 4.03%
Discount Rel Range 32.18%
Comp Discount -5.17
Discount St Dev (1Yr) 3.18
Z-Stat (6mo) -1.22
Z-Stat (1Yr) -1.54
Z-Stat (3Yr) -0.62
Comp Z-Stat (6mo) -1.82
Comp Z-Stat (3Yr) -0.90
Distribution Data
Market Yield 5.00%
Income Yield 5.00%
Lev Adj NAV Yield 3.34%
Distribution Frequency M
Current Distribution $0.060
Current Income $0.060
Ex-Date 4/11/17
Payable Date 5/1/17
Div Growth (3yr) -23.42%
Dividend Change -11.5% on 3/1/17
Expected Div 5/1/17
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $1,113
Avg Volume 30 day 64,800
Avg Volume 90 day 77,982
Volume Trend -16.90%
Comp Volume Trend -10.64%
Correlation & Volatility
Correlation (30 d) 67.1%
Correlation (90 d) 24.4%
Correlation (1 Yr) 97.6%
Price St Dev (1Yr) 11.2%
NAV St Dev (1Yr) 4.1%
Earnings / Share (2/28/17) $0.061
Earn Coverage 103.19%
Earnings Trend Flat
UNII / Share (2/28/17) $0.004
Rel UNII 0.55
UNII Trend Down
Bond Specific Data
Maturity 22.21
Duration 9.46
Credit Rating (rbo) AA
Investment Grade 95.65%
Non Investment Grade 4.00%
Unrated Bonds 0.33%
Average Bond Price 91.14
Discount vs Price -14.54
Coupon 5.30%
Zero Coupon 0.00%
AMT 6.39%
AMT Yield 4.91%
Bond Calls Risk 6.00%
NAV Beta (2yr)
vs. iShares 20+ Year Treasury Bond


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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