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

Data as of Feb. 16, 2018
Market Price $9.82 (+ $0.02)
NAV (Feb. 16, 2018) $9.62 (+ $0.01)
Premium / Discount 2.08% (+0.10%)
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 22,246,916
Gross Assets (Reported: June 30, 2017) $415M
Estimated Gross Assets $306M
Net Assets $214M
Market Cap $218M
Purchases Turnover 29.23%
Sales Turnover 9.30%
Total Leverage 48.14%
Structural Leverage (out of total) 29.95%
Portfolio Leverage (out of total) 18.19%
Expense Ratio 2.48%
Non Lev Exp Ratio 1.18%
Rel Lev Cost 1.39%
Discount Data
Average Discount (3 Yr) 13.25%
Discount Low(3 Yr) 1.95%
Discount High(3 Yr) 29.72%
Discount Rel Range 0.46%
Comp Discount 8.86
Discount St Dev (1Yr) 8.75
Z-Stat (6mo) -1.60
Z-Stat (1Yr) -1.31
Z-Stat (3Yr) -1.68
Comp Z-Stat (6mo) 0.39
Comp Z-Stat (3Yr) 0.08
Distribution Data
Market Yield 5.50%
Income Yield 5.50%
Lev Adj NAV Yield 3.79%
Distribution Frequency M
Current Distribution $0.045
Current Income $0.045
Ex-Date 2/9/18
Payable Date 3/1/18
Div Growth (3yr) -25.00%
Dividend Change -25.0% on 7/3/17
Expected Div 3/1/18
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2016 2014 - 2016
Income 0.8% 1.0%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (M) $738
Avg Volume 30 day 65,421
Avg Volume 90 day 75,128
Volume Trend -12.92%
Comp Volume Trend -17.00%
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): NBW 38.0%
NAV - Price Correlation (30 d) 90.7%
NAV - Price Correlation (90 d) 79.1%
NAV - Price Correlation (1 Yr) -17.5%
Price St Dev (1Yr) 14.9%
NAV St Dev (1Yr) 3.8%
Earnings / Share (12/31/17) $0.060
Earn Coverage 133.33%
Earnings Trend Flat
UNII / Share (12/31/17) $0.060
Rel UNII 11.11
UNII Trend Up
Bond Specific Data
Maturity 9.75
Duration 11.42
Credit Rating (rbo) A
Investment Grade 76.10%
Non Investment Grade 9.30%
Unrated Bonds 14.60%
Average Bond Price 88.74
Discount vs Price -9.18
Coupon 5.87%
Zero Coupon 0.69%
AMT 0.00%
AMT Yield 5.50%
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.

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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