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 CA Muni Incm Fd III (PZC)

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

Data as of Dec. 12, 2017
Current
Market Price $10.41 (- $0.02)
NAV (Dec. 12, 2017) $9.90 (- $0.03)
Premium / Discount 5.15% (+0.12%)
Fund Info
Inception Oct. 31, 2002
Sponsor Pacific Investment Management Company
Website https://www.pimco.com/...
Phone 844.337.4626
NAV Symbol XPZCX
Objective: Current income exempt from federal and California income tax; municipal bonds
Related Indexes
California Municipal Index
Capital & Leverage
Outstanding Shares 22,234,579
Gross Assets $415M
Net Assets $220M
Market Cap $231M
Purchases Turnover 29.23%
Sales Turnover 9.30%
Total Leverage 47.08%
Structural Leverage (out of total) 29.98%
Portfolio Leverage (out of total) 17.10%
Expense Ratio 2.48%
Non Lev Exp Ratio 1.18%
Rel Lev Cost 1.43%
Discount Data
Average Discount (3 Yr) 13.36%
Discount Low(3 Yr) 2.72%
Discount High(3 Yr) 29.72%
Discount Rel Range 9.01%
Comp Discount 6.71
Discount St Dev (1Yr) 7.92
Z-Stat
Z-Stat (6mo) -0.77
Z-Stat (1Yr) -1.38
Z-Stat (3Yr) -1.25
Comp Z-Stat (6mo) -0.23
Comp Z-Stat (3Yr) -1.02
Distribution Data
Market Yield 5.19%
Income Yield 5.19%
Lev Adj NAV Yield 3.71%
Distribution Frequency M
Current Distribution $0.045
Current Income $0.045
Ex-Date 12/8/17
Payable Date 1/2/18
Div Growth (3yr) -25.00%
Dividend Change -25.0% on 7/3/17
Expected Div 1/2/18
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $641
Avg Volume 30 day 82,068
Avg Volume 90 day 61,586
Volume Trend 33.26%
Comp Volume Trend 25.62%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
3.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
20.0%
Price Correlation (1yr)
vs. CEFA's California Municipal Index
59.0%
Most Correlated Peer (Mk Pr): PCK 52.0%
NAV - Price Correlation (30 d) 65.5%
NAV - Price Correlation (90 d) 15.2%
NAV - Price Correlation (1 Yr) -33.5%
Price St Dev (1Yr) 15.1%
NAV St Dev (1Yr) 3.8%
Earnings
Earnings / Share (10/31/17) $0.060
Earn Coverage 133.33%
Earnings Trend Flat
UNII / Share (10/31/17) $0.050
Rel UNII 9.26
UNII Trend Flat
Bond Specific Data
Maturity 9.76
Duration 11.46
Credit Rating (rbo) A
Investment Grade 76.10%
Non Investment Grade 9.30%
Unrated Bonds 14.60%
Average Bond Price 91.02
Discount vs Price -3.83
Coupon 5.25%
Zero Coupon 0.88%
AMT 0.00%
AMT Yield 5.19%
Bond Calls Risk 0.00%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
-0.15
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.02
NAV Beta (2yr)
vs. CEFA's California Municipal Index
0.82

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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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