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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PIMCO California Municipal Income Fund III (PZC)

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

Data as of Dec. 14, 2018
Market Price $9.90 (- $0.09)
NAV (Dec. 14, 2018) $9.41 ( $0.00)
Premium / Discount 5.21% (-0.96%)
Fund Info
Inception Oct. 31, 2002
Sponsor Pacific Investment Management Company
Website https://www.pimco.com/...
Phone 844.337.4626
Objective: Current income exempt from federal and California income tax; municipal bonds
Related Indexes
California Municipal Index
Capital & Leverage
Outstanding Shares 22,285,050
Total Assets (Reported: June 30, 2018) $439M
Estimated Total Assets $302M
Net Assets $210M
Market Cap $221M
Purchases Turnover 19.50%
Sales Turnover 8.62%
Total Leverage 48.63%
Structural Leverage (out of total) 63.05%
Portfolio Leverage (out of total) 36.95%
Expense Ratio 3.20%
Non Lev Exp Ratio 1.12%
Rel Lev Cost 2.09%
Discount Data
Average Discount (3 Yr) 12.62%
Discount Low(3 Yr) -0.31%
Discount High(3 Yr) 29.72%
Discount Rel Range 18.38%
Comp Discount 14.07
Discount St Dev (1Yr) 3.72
Z-Stat (6mo) -0.46
Z-Stat (1Yr) -0.04
Z-Stat (3Yr) -1.00
Comp Z-Stat (6mo) 0.22
Comp Z-Stat (3Yr) 0.26
Distribution Data
Market Yield 5.45%
Income Yield 5.45%
Lev Adj NAV Yield 3.86%
Distribution Frequency M
Current Distribution $0.045
Current Income $0.045
Ex-Date 12/12/18
Payable Date 1/2/19
Div Growth (3yr) -25.00%
Dividend Change -25.0% on 7/3/17
Expected Div 1/2/19
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2017 2015 - 2017
Income 1.1% 1.0%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (M) $432
Avg Volume 30 day 34,086
Avg Volume 90 day 43,612
Volume Trend -21.84%
Comp Volume Trend -21.19%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's California Municipal Index
Most Correlated Peer (Mk Pr): NKX 73.0%
NAV - Price Correlation (30 d) 87.9%
NAV - Price Correlation (90 d) 91.7%
NAV - Price Correlation (1 Yr) 54.6%
Price St Dev (1Yr) 10.4%
NAV St Dev (1Yr) 3.7%
Earnings / Share (10/31/18) $0.050
Earn Coverage 111.11%
Earnings Trend Down
UNII / Share (10/31/18) $0.040
Rel UNII 7.41
UNII Trend Down
Bond Specific Data
Maturity 9.98
Duration 13.48
Credit Rating (rbo) A
Investment Grade 76.10%
Non Investment Grade 9.30%
Unrated Bonds 14.60%
Average Bond Price 96.70
Discount vs Price 1.91
Coupon 5.87%
Zero Coupon 1.07%
AMT 0.00%
AMT Yield 5.45%
Bond Calls Risk 0.00%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's California Municipal Index


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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.

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