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

Back To Fund Screener

Invsc CA Val Muni Incm Tr (VCV)

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

Data as of Jan. 19, 2018
Market Price $12.49 (+ $0.01)
NAV (Jan. 19, 2018) $13.32 ( $0.00)
Premium / Discount -6.23% (+0.08%)
Fund Info
Inception April 30, 1993
Sponsor Invesco Advisers
Website https://www.invesco.co...
Phone (800) 959-4246
Objective: High current income exempt from federal and California income taxes; investment grade California municipal securities
Related Indexes
California Municipal Index
Capital & Leverage
Outstanding Shares 47,865,334
Gross Assets $1,076M
Net Assets $638M
Market Cap $598M
Purchases Turnover 17.25%
Sales Turnover 13.83%
Total Leverage 39.00%
Structural Leverage (out of total) 19.75%
Portfolio Leverage (out of total) 19.25%
Expense Ratio 1.95%
Non Lev Exp Ratio 0.96%
Rel Lev Cost 1.54%
Discount Data
Average Discount (3 Yr) -4.80%
Discount Low(3 Yr) -9.94%
Discount High(3 Yr) 2.35%
Discount Rel Range 30.18%
Comp Discount -2.63
Discount St Dev (1Yr) 1.38
Z-Stat (6mo) -1.63
Z-Stat (1Yr) -0.54
Z-Stat (3Yr) -0.61
Comp Z-Stat (6mo) -0.16
Comp Z-Stat (3Yr) 0.37
Distribution Data
Market Yield 5.14%
Income Yield 5.14%
Lev Adj NAV Yield 3.47%
Distribution Frequency M
Current Distribution $0.054
Current Income $0.054
Ex-Date 1/23/18
Payable Date 1/31/18
Div Growth (3yr) -18.94%
Dividend Change -5.3% on 9/1/16
Expected Div 2/1/18
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $1,390
Avg Volume 30 day 133,470
Avg Volume 90 day 111,262
Volume Trend 19.96%
Comp Volume Trend -7.34%
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 85.0%
NAV - Price Correlation (30 d) 58.9%
NAV - Price Correlation (90 d) 75.5%
NAV - Price Correlation (1 Yr) 81.6%
Price St Dev (1Yr) 6.3%
NAV St Dev (1Yr) 3.1%
Earnings / Share (10/31/17) $0.051
Earn Coverage 94.77%
Earnings Trend Up
UNII / Share (10/31/17) $-0.028
Rel UNII -4.36
UNII Trend Down
Bond Specific Data
Maturity 16.75
Duration 10.90
Credit Rating (rbo) AA
Investment Grade 86.80%
Non Investment Grade 4.84%
Unrated Bonds 8.37%
Average Bond Price 109.74
Discount vs Price 3.51
Coupon 4.65%
Zero Coupon 7.10%
AMT 4.63%
AMT Yield 5.07%
Bond Calls Risk 6.82%
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


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.).

© Closed-End Fund Advisors Inc.(CEFadvisors) and CEFdata.com 2016. All rights reserved. Any copying, republication or redistribution of CEFadvisors, CEFdata.com, content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of CEFAdvisors. CEFAdvisors shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.