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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NB CA Imd Muni Fd (NBW)

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

Data as of June 22, 2018
Current
Market Price $12.55 ( $0.00)
NAV (June 22, 2018) $14.90 (+ $0.01)
Premium / Discount -15.77% (-0.06%)
Fund Info
Inception Sept. 27, 2002
Sponsor Neuberger Berman Management
Website www.nb.com/Pages/Publi...
Phone 800.877.9700
NAV Symbol XNBWX
Objective: High current income exempt from Federal income tax and California state personal tax; municipal bonds
Related Indexes
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 5,551,044
Gross Assets (Reported: Oct. 31, 2017) $144M
Estimated Gross Assets $142M
Net Assets $83M
Market Cap $70M
Purchases Turnover 36.88%
Sales Turnover 36.09%
Total Leverage 41.80%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.70%
Non Lev Exp Ratio 1.29%
Rel Lev Cost 1.98%
Discount Data
Average Discount (3 Yr) -3.92%
Discount Low(3 Yr) -15.77%
Discount High(3 Yr) 9.11%
Discount Rel Range 0.00%
Comp Discount -7.88
Discount St Dev (1Yr) 3.00
Z-Stat
Z-Stat (6mo) -1.45
Z-Stat (1Yr) -1.94
Z-Stat (3Yr) -2.11
Comp Z-Stat (6mo) -1.13
Comp Z-Stat (3Yr) -0.60
Distribution Data
Market Yield 4.28%
Income Yield 4.28%
Lev Adj NAV Yield 2.54%
Distribution Frequency M
Current Distribution $0.045
Current Income $0.045
Ex-Date 6/28/18
Payable Date 7/16/18
Div Growth (3yr) -34.12%
Dividend Change -12.5% on 4/16/18
Expected Div 7/16/18
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $224
Avg Volume 30 day 19,165
Avg Volume 90 day 17,836
Volume Trend 7.45%
Comp Volume Trend 11.78%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
50.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
53.0%
Price Correlation (1yr)
vs. CEFA's California Municipal Index
68.0%
Most Correlated Peer (Mk Pr): VCV 74.0%
NAV - Price Correlation (30 d) 29.4%
NAV - Price Correlation (90 d) 1.8%
NAV - Price Correlation (1 Yr) 92.9%
Price St Dev (1Yr) 7.3%
NAV St Dev (1Yr) 3.0%
Earnings
Earnings / Share (10/31/17) $0.049
Earn Coverage 109.15%
Earnings Trend Down
UNII / Share (3/31/18) $-0.085
Rel UNII -15.76
UNII Trend Down
Bond Specific Data
Maturity 9.30
Duration 8.40
Credit Rating (rbo) A
Investment Grade 82.20%
Non Investment Grade 9.30%
Unrated Bonds 8.50%
Average Bond Price 95.54
Discount vs Price -20.23
Coupon 4.25%
Zero Coupon 10.02%
AMT 6.60%
AMT Yield 4.20%
Bond Calls Risk 17.03%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.00
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.14
NAV Beta (2yr)
vs. CEFA's California Municipal Index
0.80

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CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

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.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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