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 April 3, 2020
Market Price $9.39 (- $0.05)
NAV (April 3, 2020) $9.22 (+ $0.11)
Premium / Discount 1.84% (-1.78%)
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 22,345,667
Total Assets (Reported: Dec. 31, 2019) $425M
Estimated Total Assets $288M
Net Assets $206M
Market Cap $210M
Purchases Turnover 19.50%
Sales Turnover 8.62%
Total Leverage 44.80%
Structural Leverage (out of total) 63.75%
Portfolio Leverage (out of total) 36.25%
Expense Ratio 3.27%
Non Lev Exp Ratio 1.16%
Rel Lev Cost 2.52%
Discount Data
Average Discount (3 Yr) 9.17%
Discount Low(3 Yr) -12.91%
Discount High(3 Yr) 29.72%
Discount Rel Range 34.61%
Comp Discount 10.02
Discount St Dev (1Yr) 4.12
Z-Stat (6mo) -1.20
Z-Stat (1Yr) -1.74
Z-Stat (3Yr) -1.13
Comp Z-Stat (6mo) 0.26
Comp Z-Stat (3Yr) -0.15
Distribution Data
Market Yield 4.86%
Income Yield 4.86%
Lev Adj NAV Yield 3.42%
Distribution Frequency M
Current Distribution $0.038
Current Income $0.038
Ex-Date 4/9/20
Payable Date 5/1/20
Div Growth (3yr) -36.67%
Dividend Change -9.2% on 1/2/20
Expected Div 5/1/20
RoC (1yr) 8.60%
RoC (3yr) 2.61%
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) $598
Avg Volume 30 day 117,434
Avg Volume 90 day 63,661
Volume Trend 84.47%
Comp Volume Trend 23.18%
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): PCK 95.0%
NAV - Price Correlation (30 d) 93.2%
NAV - Price Correlation (90 d) 94.3%
NAV - Price Correlation (1 Yr) 81.4%
Price St Dev (1Yr) 30.5%
NAV St Dev (1Yr) 14.4%
Earnings / Share (2/29/20) $0.040
Earn Coverage 105.26%
Earnings Trend Down
UNII / Share (2/29/20) $0.000
Rel UNII 0.00
UNII Trend Flat
Bond Specific Data
Maturity 9.18
Duration 13.07
Credit Rating (rbo) AA
Investment Grade 65.19%
Non Investment Grade 1.78%
Unrated Bonds 33.03%
Average Bond Price 91.08
Discount vs Price -7.08
Coupon 4.86%
Zero Coupon 1.61%
AMT 0.00%
AMT Yield 4.86%
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.

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