AICA Event
CEF Advisors AICA Event NAVigator Podcast

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   ♦

Go to AICA CEF/BDC Screener Learn More @

Invesco California Value Municipal Income Trust (VCV)

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

Data as of Sept. 29, 2023
Market Price $8.43 (- $0.01)
NAV (Sept. 29, 2023) $10.10 (+ $0.06)
Fund Listed NYSE
Premium / Discount -16.53% (-0.60%)
Fund Info
Inception April 30, 1993
Sponsor Invesco Advisers
Phone (800) 959-4246
Location Georgia
Incorporated Massachusetts
Staggered Board Yes
Term Date N/A
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 47,890,525
Total Assets (Reported: Feb. 28, 2023) $888M
Estimated Total Assets $806M
Net Assets $484M
Market Cap $404M
Portfolio Turnover 30.00%
Total Leverage 40.00%
Structural Leverage (out of total) 61.43%
Portfolio Leverage (out of total) 38.58%
Expense Ratio 2.92%
Non Lev Exp Ratio 0.99%
Rel Lev Cost 2.82%
Discount Data
Average Discount (3 Yr) -7.18%
Discount Low(3 Yr) -16.99%
Discount High(3 Yr) 5.66%
Discount Rel Range (3 Yr) 2.02%
Comp Discount -3.43
Discount St Dev (1Yr) 1.61
Z-Stat (6mo) -2.00
Z-Stat (1Yr) -2.40
Z-Stat (3Yr) -1.77
Comp Z-Stat (6mo) 0.01
Comp Z-Stat (3Yr) -0.06
Distribution Data
Market Yield 4.56%
Income Yield 4.56%
Lev Adj NAV Yield 2.72%
Distribution Frequency M
Current Distribution $0.032
Current Income $0.032
Ex-Date 9/14/23
Payable Date 9/29/23
Div Growth (3yr) -32.63%
Dividend Change -4.5% on 9/1/23
Expected Div 10/2/23
RoC (1yr) 2.64%
RoC (3yr) 1.94%
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 $ (K) $795
Avg Volume 30 day 122,988
Avg Volume 90 day 94,352
Volume Trend 30.35%
Comp Volume Trend 8.39%
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 87.0%
NAV - Price Correlation (30 d) 96.2%
NAV - Price Correlation (90 d) 95.3%
NAV - Price Correlation (1 Yr) 92.6%
Price St Dev (1Yr) 13.9%
NAV St Dev (1Yr) 8.7%
Earnings / Share (8/31/23) $0.032
Earn Coverage 99.38%
Earnings Trend Up
UNII / Share (8/31/23) $-0.100
Rel UNII -26.04
UNII Trend Down
Bond Specific Data
Maturity 20.91
Duration 15.23
Credit Rating (rbo) A
Investment Grade 69.38%
Non Investment Grade 5.54%
Unrated Bonds 25.06%
Average Bond Price 99.14
Discount vs Price -17.39
Coupon 3.90%
Zero Coupon 13.12%
AMT 12.50%
AMT Yield 4.40%
Bond Calls Risk 10.86%
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

DISCLOSURES: 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 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 2019. All rights reserved. Any copying, republication or redistribution of CEFadvisors,, 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.