CEF Advisors

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PIMCO California Municipal Income Fund III (PZC)

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

Data as of Oct. 18, 2019
Market Price $11.39 (- $0.01)
NAV (Oct. 18, 2019) $10.19 ( $0.00)
Premium / Discount 11.78% (-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
Capital & Leverage
Outstanding Shares 22,327,863
Total Assets (Reported: June 30, 2019) $429M
Estimated Total Assets $322M
Net Assets $228M
Market Cap $254M
Purchases Turnover 19.50%
Sales Turnover 8.62%
Total Leverage 46.44%
Structural Leverage (out of total) 63.01%
Portfolio Leverage (out of total) 36.99%
Expense Ratio 3.35%
Non Lev Exp Ratio 1.03%
Rel Lev Cost 2.60%
Discount Data
Average Discount (3 Yr) 10.78%
Discount Low(3 Yr) -1.37%
Discount High(3 Yr) 29.72%
Discount Rel Range 42.28%
Comp Discount 13.93
Discount St Dev (1Yr) 4.00
Z-Stat (6mo) 0.86
Z-Stat (1Yr) 0.74
Z-Stat (3Yr) 0.14
Comp Z-Stat (6mo) 0.25
Comp Z-Stat (3Yr) -0.08
Distribution Data
Market Yield 4.41%
Income Yield 4.41%
Lev Adj NAV Yield 3.37%
Distribution Frequency M
Current Distribution $0.042
Current Income $0.042
Ex-Date 10/10/19
Payable Date 11/1/19
Div Growth (3yr) -30.25%
Dividend Change -7.0% on 4/1/19
Expected Div 11/1/19
RoC (1yr) 4.14%
RoC (3yr) 1.25%
Tax Dividend Data 2018 2016 - 2018
Income 0.7% 0.9%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (M) $414
Avg Volume 30 day 33,256
Avg Volume 90 day 36,328
Volume Trend -8.46%
Comp Volume Trend 10.49%
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): NAC 76.0%
NAV - Price Correlation (30 d) 67.8%
NAV - Price Correlation (90 d) 23.8%
NAV - Price Correlation (1 Yr) 83.8%
Price St Dev (1Yr) 13.0%
NAV St Dev (1Yr) 3.6%
Earnings / Share (9/30/19) $0.040
Earn Coverage 95.58%
Earnings Trend Down
UNII / Share (9/30/19) $0.000
Rel UNII 0.00
UNII Trend Down
Bond Specific Data
Maturity 9.57
Duration 13.89
Credit Rating (rbo) A
Investment Grade 76.10%
Non Investment Grade 9.30%
Unrated Bonds 14.60%
Average Bond Price 93.94
Discount vs Price 5.72
Coupon 5.76%
Zero Coupon 3.10%
AMT 0.00%
AMT Yield 4.41%
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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