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Upturn AI SWOT - About
BlackRock California Municipal Income Closed Fund (BFZ)
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Upturn Advisory Summary
04/01/2025: BFZ (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -5.14% | Avg. Invested days 32 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 333.41M USD | Price to earnings Ratio 27.05 | 1Y Target Price - |
Price to earnings Ratio 27.05 | 1Y Target Price - | ||
Volume (30-day avg) 69545 | Beta 0.55 | 52 Weeks Range 10.80 - 11.92 | Updated Date 04/2/2025 |
52 Weeks Range 10.80 - 11.92 | Updated Date 04/2/2025 | ||
Dividends yield (FY) 6.38% | Basic EPS (TTM) 0.41 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 48.21% | Operating Margin (TTM) 81.49% |
Management Effectiveness
Return on Assets (TTM) 2.17% | Return on Equity (TTM) 3.08% |
Valuation
Trailing PE 27.05 | Forward PE - | Enterprise Value 516447616 | Price to Sales(TTM) 13.38 |
Enterprise Value 516447616 | Price to Sales(TTM) 13.38 | ||
Enterprise Value to Revenue 25.67 | Enterprise Value to EBITDA - | Shares Outstanding 30063600 | Shares Floating - |
Shares Outstanding 30063600 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 30.15 |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
BlackRock California Municipal Income Closed Fund
Company Overview
History and Background
BlackRock California Municipal Income Trust (BFZ) is a closed-end investment fund. It was designed to provide current income exempt from federal and California state income taxes. The fund invests primarily in California municipal bonds.
Core Business Areas
- Investment Management: Manages a portfolio of California municipal bonds aiming for tax-exempt income.
Leadership and Structure
BlackRock is a publicly traded global investment management corporation. The specific fund (BFZ) is managed by a team within BlackRock's municipal bond division.
Top Products and Market Share
Key Offerings
- California Municipal Bonds Fund (BFZ): Closed-end fund investing in California municipal bonds for tax-exempt income. Market share data for specific closed-end funds is not readily available; competitors include other closed-end municipal bond funds and individual municipal bond holdings.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, credit ratings of issuers, and tax policy. Demand is driven by investors seeking tax-advantaged income.
Positioning
BFZ is positioned as a provider of tax-exempt income for California residents. Competitive advantages lie in BlackRock's management expertise and scale.
Total Addressable Market (TAM)
The total municipal bond market is in the trillions of dollars. BFZ's share is a small fraction of this, focusing on California-specific bonds. TAM for CA municipal bonds can be projected to be $0.6 trillion. BFZ focuses its operations and investments within that market.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Strong brand recognition (BlackRock)
- Tax-exempt income for California residents
- Diversified portfolio of municipal bonds
Weaknesses
- Sensitivity to interest rate changes
- Potential for credit risk from bond issuers
- Market discount to NAV (Net Asset Value)
- Reliance on California's economic health
Opportunities
- Rising demand for tax-advantaged investments
- Potential for increased California infrastructure spending
- Active management to enhance returns
- Expansion of fund offerings within the municipal bond space
Threats
- Rising interest rates
- Deterioration of California's economy
- Changes in tax laws
- Increased competition from other municipal bond funds
Competitors and Market Share
Key Competitors
- Nuveen California Quality Municipal Fund (NAC)
- Eaton Vance California Municipal Income Trust (CEV)
- PIMCO California Municipal Income Fund (PCQ)
Competitive Landscape
BFZ competes with other closed-end funds focused on California municipal bonds. BlackRock's size and reputation are advantages, but performance relative to peers is crucial.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Dependent on historical NAV and market price performance, reflecting overall market conditions and fund management effectiveness.
Future Projections: Dependent on analyst estimates and market forecasts for municipal bonds and interest rates.
Recent Initiatives: Information not readily available without access to press releases or company reports. Could include adjustments to portfolio composition or changes in investment strategy.
Summary
BlackRock California Municipal Income Closed Fund (BFZ) offers tax-exempt income to California residents through municipal bond investments. Its strength lies in BlackRock's brand and experienced management. However, sensitivity to interest rate changes and California's economic health pose risks. Monitoring performance relative to peers and actively managing the portfolio are crucial for future success.
Similar Companies
CEV
Eaton Vance California MIT
CEV
Eaton Vance California MIT
Sources and Disclaimers
Data Sources:
- BlackRock official website
- Financial news websites
- Investment analysis reports
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About BlackRock California Municipal Income Closed Fund
Exchange NYSE | Headquaters New York, NY, United States | ||
IPO Launch date 2001-07-27 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
BlackRock California Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade municipal bonds that are exempt from regular federal and California income taxes. BlackRock California Municipal Income Trust was formed on July 31, 2001 and is domiciled in United States.
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