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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MFS California Municipal Fund (CCA)

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

Data as of Aug. 20, 2019
Market Price $12.83 (+ $0.01)
NAV (Aug. 20, 2019) $12.94 ( $0.00)
Premium / Discount -0.85% (+0.08%)
Fund Info
Inception Oct. 27, 1999
Sponsor Massachusetts Financial Services
Website https://www.mfs.com/en...
Phone 1-800-637-2304
Objective: High current income exempt from federal income tax and California state personal income tax; Tax-Exempt Bond
Capital & Leverage
Outstanding Shares 2,786,275
Total Assets (Reported: May 31, 2019) $60M
Estimated Total Assets $61M
Net Assets $36M
Market Cap $36M
Purchases Turnover 11.67%
Sales Turnover 10.65%
Total Leverage 41.00%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 3.45%
Non Lev Exp Ratio 1.37%
Rel Lev Cost 2.97%
Discount Data
Average Discount (3 Yr) -8.44%
Discount Low(3 Yr) -18.18%
Discount High(3 Yr) 10.43%
Discount Rel Range 60.58%
Comp Discount 1.46
Discount St Dev (1Yr) 4.90
Z-Stat (6mo) 2.16
Z-Stat (1Yr) 1.92
Z-Stat (3Yr) 1.40
Comp Z-Stat (6mo) 0.78
Comp Z-Stat (3Yr) 1.11
Distribution Data
Market Yield 3.13%
Income Yield 3.13%
Lev Adj NAV Yield 2.20%
Distribution Frequency M
Current Distribution $0.034
Current Income $0.034
Ex-Date 8/13/19
Payable Date 8/30/19
Div Growth (3yr) -30.93%
Dividend Change -4.3% on 5/1/19
Expected Div 9/3/19
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $199
Avg Volume 30 day 34,201
Avg Volume 90 day 15,498
Volume Trend 120.68%
Comp Volume Trend 110.34%
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): CEV 56.0%
NAV - Price Correlation (30 d) 95.5%
NAV - Price Correlation (90 d) 86.8%
NAV - Price Correlation (1 Yr) 94.3%
Price St Dev (1Yr) 12.2%
NAV St Dev (1Yr) 2.7%
Earnings / Share (5/31/19) $0.039
Earn Coverage 116.72%
Earnings Trend Down
UNII / Share (5/31/19) $0.050
Rel UNII 12.34
UNII Trend Up
Bond Specific Data
Maturity 17.65
Duration 8.26
Credit Rating (rbo) A
Investment Grade 95.68%
Non Investment Grade 4.31%
Unrated Bonds 0.00%
Average Bond Price 98.59
Discount vs Price -2.26
Coupon 4.60%
Zero Coupon 22.18%
AMT 11.00%
AMT Yield 3.04%
Bond Calls Risk 3.00%
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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