CEF Advisors

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Invesco California Value Municipal Income Trust (VCV)

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

Data as of June 18, 2021
Market Price $13.64 (+ $0.03)
NAV (June 18, 2021) $13.81 (- $0.01)
Premium / Discount -1.23% (+0.29%)
Fund Info
Inception April 30, 1993
Sponsor Invesco Advisers
Website https://www.invesco.co...
Phone (800) 959-4246
Location Georgia
Incorporated Massachusetts
Staggered Board Yes
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
Total Assets (Reported: Feb. 28, 2021) $1,016M
Estimated Total Assets $1,017M
Net Assets $661M
Market Cap $653M
Portfolio Turnover 20.00%
Total Leverage 34.98%
Structural Leverage (out of total) 59.03%
Portfolio Leverage (out of total) 40.97%
Expense Ratio 1.66%
Non Lev Exp Ratio 0.92%
Rel Lev Cost 1.34%
Discount Data
Average Discount (3 Yr) -6.90%
Discount Low(3 Yr) -27.27%
Discount High(3 Yr) -0.36%
Discount Rel Range 96.77%
Comp Discount -0.97
Discount St Dev (1Yr) 2.70
Z-Stat (6mo) 1.84
Z-Stat (1Yr) 1.90
Z-Stat (3Yr) 1.78
Comp Z-Stat (6mo) 0.07
Comp Z-Stat (3Yr) 0.11
Distribution Data
Market Yield 4.18%
Income Yield 4.18%
Lev Adj NAV Yield 3.06%
Distribution Frequency M
Current Distribution $0.048
Current Income $0.048
Ex-Date 6/11/21
Payable Date 6/30/21
Div Growth (3yr) -6.86%
Dividend Change 10.5% on 8/3/20
Expected Div 7/1/21
RoC (1yr) 0.00%
RoC (3yr) 2.90%
Tax Dividend Data 2019 2017 - 2019
Income 0% 0%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 16.9% 6.0%
Volume & Liquidity
Average Daily $ (M) $947
Avg Volume 30 day 67,935
Avg Volume 90 day 69,399
Volume Trend -2.11%
Comp Volume Trend -2.10%
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 70.0%
NAV - Price Correlation (30 d) 89.1%
NAV - Price Correlation (90 d) 86.6%
NAV - Price Correlation (1 Yr) 85.8%
Price St Dev (1Yr) 8.4%
NAV St Dev (1Yr) 2.6%
Earnings / Share (4/30/21) $0.046
Earn Coverage 97.26%
Earnings Trend Down
UNII / Share (4/30/21) $-0.071
Rel UNII -12.46
UNII Trend Down
Bond Specific Data
Maturity 19.59
Duration 8.60
Credit Rating (rbo) A
Investment Grade 76.23%
Non Investment Grade 5.45%
Unrated Bonds 18.61%
Average Bond Price 116.64
Discount vs Price 15.41
Coupon 5.33%
Zero Coupon 10.56%
AMT 6.29%
AMT Yield 4.11%
Bond Calls Risk 8.26%
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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