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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MFS CA Muni Fd (CCA)

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

Data as of April 24, 2017
Market Price $11.53 (- $0.06)
NAV (April 24, 2017) $12.39 (- $0.04)
Premium / Discount -6.94% (-0.18%)
Fund Info
Inception Oct. 27, 1999
Sponsor Massachusetts Financial Services
Website https://www.mfs.com/wp...
Phone 1-800-637-2304
Objective: High current income exempt from federal income tax and California state personal income tax; Tax-Exempt Bond
Capital & Leverage
Outstanding Shares 2,786,275
Gross Assets $58M
Net Assets $35M
Market Cap $32M
Purchases Turnover 6.40%
Sales Turnover 7.19%
Total Leverage 42.00%
Structural Leverage (out of total) 42.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.46%
Non Lev Exp Ratio 1.33%
Rel Lev Cost 1.56%
Discount Data
Average Discount (3 Yr) -7.34%
Discount Low(3 Yr) -15.22%
Discount High(3 Yr) 10.43%
Discount Rel Range 32.27%
Comp Discount -5.96
Discount St Dev (1Yr) 4.86
Z-Stat (6mo) -0.62
Z-Stat (1Yr) -1.10
Z-Stat (3Yr) 0.07
Comp Z-Stat (6mo) -0.84
Comp Z-Stat (3Yr) -0.05
Distribution Data
Market Yield 4.89%
Income Yield 4.89%
Lev Adj NAV Yield 3.21%
Distribution Frequency M
Current Distribution $0.047
Current Income $0.047
Ex-Date 4/18/17
Payable Date 4/28/17
Div Growth (3yr) -11.32%
Dividend Change -2.1% on 4/3/17
Expected Div 5/1/17
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $76
Avg Volume 30 day 7,870
Avg Volume 90 day 6,549
Volume Trend 20.17%
Comp Volume Trend 24.26%
Correlation & Volatility
Correlation (30 d) 54.0%
Correlation (90 d) 49.3%
Correlation (1 Yr) 95.4%
Price St Dev (1Yr) 16.6%
NAV St Dev (1Yr) 4.3%
Earnings / Share (11/30/16) $0.050
Earn Coverage 107.02%
Earnings Trend Down
UNII / Share (11/30/16) $0.026
Rel UNII 4.65
UNII Trend Up
Bond Specific Data
Maturity 14.70
Duration 10.60
Credit Rating (rbo) A
Investment Grade 90.80%
Non Investment Grade 6.13%
Unrated Bonds 3.07%
Average Bond Price 99.10
Discount vs Price -7.84
Coupon 4.80%
Zero Coupon 0.00%
AMT 7.00%
AMT Yield 4.80%
Bond Calls Risk 11.00%
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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