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 April 18, 2019
Market Price $10.27 (- $0.18)
NAV (April 18, 2019) $9.69 (+ $0.01)
Premium / Discount 5.99% (-1.97%)
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
Premium CEF/BDC Index
Capital & Leverage
Outstanding Shares 22,305,681
Total Assets (Reported: Dec. 31, 2018) $410M
Estimated Total Assets $309M
Net Assets $216M
Market Cap $229M
Purchases Turnover 19.50%
Sales Turnover 8.62%
Total Leverage 47.67%
Structural Leverage (out of total) 63.02%
Portfolio Leverage (out of total) 36.98%
Expense Ratio 3.35%
Non Lev Exp Ratio 1.13%
Rel Lev Cost 2.39%
Discount Data
Average Discount (3 Yr) 12.02%
Discount Low(3 Yr) -1.37%
Discount High(3 Yr) 29.72%
Discount Rel Range 23.66%
Comp Discount 11.21
Discount St Dev (1Yr) 4.33
Z-Stat (6mo) -0.31
Z-Stat (1Yr) -0.38
Z-Stat (3Yr) -0.80
Comp Z-Stat (6mo) -1.02
Comp Z-Stat (3Yr) -0.42
Distribution Data
Market Yield 4.89%
Income Yield 4.89%
Lev Adj NAV Yield 3.51%
Distribution Frequency M
Current Distribution $0.042
Current Income $0.042
Ex-Date 4/10/19
Payable Date 5/1/19
Div Growth (3yr) -30.25%
Dividend Change -7.0% on 4/1/19
Expected Div 5/1/19
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) $345
Avg Volume 30 day 41,736
Avg Volume 90 day 33,595
Volume Trend 24.23%
Comp Volume Trend 17.72%
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 76.0%
NAV - Price Correlation (30 d) 21.7%
NAV - Price Correlation (90 d) 30.7%
NAV - Price Correlation (1 Yr) 66.2%
Price St Dev (1Yr) 12.4%
NAV St Dev (1Yr) 3.6%
Earnings / Share (2/28/19) $0.050
Earn Coverage 119.47%
Earnings Trend Down
UNII / Share (2/28/19) $0.030
Rel UNII 5.97
UNII Trend Flat
Bond Specific Data
Maturity 9.49
Duration 13.40
Credit Rating (rbo) A
Investment Grade 76.10%
Non Investment Grade 9.30%
Unrated Bonds 14.60%
Average Bond Price 96.98
Discount vs Price 2.97
Coupon 5.59%
Zero Coupon 1.66%
AMT 0.00%
AMT Yield 4.89%
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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