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 MuniYld AZ Fd (MZA)

Single State Muni Bond Funds - Arizona - Leveraged / Non Insured

Data as of Oct. 16, 2017
Market Price $15.25 (+ $0.08)
NAV (Oct. 16, 2017) $14.52 (- $0.01)
Premium / Discount 5.03% (+0.62%)
Fund Info
Inception Oct. 29, 1993
Sponsor BlackRock Advisors
Website www.blackrock.com/inve...
Phone 1-800-882-0052
Objective: High current income exempt from federal and Arizona income taxes; Investment grade municipal obligations
Related Indexes
State Municipal Index (Non NY/CA)
Capital & Leverage
Outstanding Shares 4,626,781
Gross Assets $108M
Net Assets $67M
Market Cap $71M
Purchases Turnover 9.53%
Sales Turnover 9.01%
Total Leverage 37.56%
Structural Leverage (out of total) 34.76%
Portfolio Leverage (out of total) 2.80%
Expense Ratio 2.00%
Non Lev Exp Ratio 1.03%
Rel Lev Cost 1.61%
Discount Data
Average Discount (3 Yr) 9.82%
Discount Low(3 Yr) -2.10%
Discount High(3 Yr) 19.59%
Discount Rel Range 32.88%
Comp Discount 2.58
Discount St Dev (1Yr) 3.92
Z-Stat (6mo) -0.36
Z-Stat (1Yr) 0.18
Z-Stat (3Yr) -0.89
Comp Z-Stat (6mo) -0.18
Comp Z-Stat (3Yr) -0.30
Distribution Data
Market Yield 4.88%
Income Yield 4.88%
Lev Adj NAV Yield 3.72%
Distribution Frequency M
Current Distribution $0.062
Current Income $0.062
Ex-Date 10/13/17
Payable Date 11/1/17
Div Growth (3yr) -10.79%
Dividend Change -10.8% on 6/1/16
Expected Div 11/1/17
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $184
Avg Volume 30 day 20,167
Avg Volume 90 day 12,091
Volume Trend 66.79%
Comp Volume Trend 10.89%
Correlation & Volatility
Correlation (30 d) 47.9%
Correlation (90 d) 26.0%
Correlation (1 Yr) 62.2%
Price St Dev (1Yr) 17.8%
NAV St Dev (1Yr) 3.7%
Earnings / Share (8/31/17) $0.059
Earn Coverage 94.52%
Earnings Trend Up
UNII / Share (8/31/17) $0.078
Rel UNII 10.43
UNII Trend Down
Bond Specific Data
Maturity 22.13
Duration 9.35
Credit Rating (rbo) AA
Investment Grade 91.42%
Non Investment Grade 7.58%
Unrated Bonds 0.99%
Average Bond Price 92.58
Discount vs Price -2.39
Coupon 5.11%
Zero Coupon 0.00%
AMT 4.97%
AMT Yield 4.81%
Bond Calls Risk 21.97%
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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