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Upturn AI SWOT - About
BlackRock California Municipal Income Closed Fund (BFZ)
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Stock price based on last close (see disclosures)
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Upturn Advisory Summary
06/27/2025: 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.
Number of Analysts
Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $0
1 Year Target Price $0
| 0 | Strong Buy |
| 0 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -3.14% | Avg. Invested days 30 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 06/27/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 324.69M USD | Price to earnings Ratio 83.08 | 1Y Target Price - |
Price to earnings Ratio 83.08 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.58 | 52 Weeks Range 10.00 - 11.72 | Updated Date 06/29/2025 |
52 Weeks Range 10.00 - 11.72 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 6.56% | Basic EPS (TTM) 0.13 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 17.17% | Operating Margin (TTM) 83.48% |
Management Effectiveness
Return on Assets (TTM) 2.13% | Return on Equity (TTM) 1.12% |
Valuation
Trailing PE 83.08 | Forward PE - | Enterprise Value 516447616 | Price to Sales(TTM) 13.01 |
Enterprise Value 516447616 | Price to Sales(TTM) 13.01 | ||
Enterprise Value to Revenue 67.4 | Enterprise Value to EBITDA - | Shares Outstanding 30063600 | Shares Floating - |
Shares Outstanding 30063600 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 36.15 |
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 Closed Fund (BFZ) was established to provide current income exempt from federal and California state income taxes. The fund invests primarily in municipal bonds issued by the State of California or its political subdivisions.
Core Business Areas
- Municipal Bond Investments: Investing in a diversified portfolio of California municipal bonds to generate tax-exempt income.
Leadership and Structure
BFZ is managed by BlackRock Advisors, LLC, a subsidiary of BlackRock, Inc. The portfolio management team oversees investment decisions and risk management.
Top Products and Market Share
Key Offerings
- California Municipal Bond Portfolio: A portfolio of California municipal bonds designed to provide high current income exempt from federal and California state income taxes. BlackRock is a major player in the overall municipal bond market, but specific market share data for California-focused closed-end funds is less readily available. Competitors include other closed-end funds from firms like Nuveen, Eaton Vance, and Franklin Templeton.
Market Dynamics
Industry Overview
The municipal bond market is influenced by factors such as interest rates, credit ratings of issuers, and tax policies. Demand for tax-exempt income can be strong, particularly in high-tax states like California.
Positioning
BFZ is positioned as a provider of tax-exempt income for California residents, offering a diversified portfolio managed by a large and experienced investment firm. Competitive advantages include BlackRock's extensive research capabilities and trading expertise.
Total Addressable Market (TAM)
The TAM is the total value of the California municipal bond market. BFZ captures a small fraction of this as a closed-end fund. Market fluctuates with issuance and interest rate movements.
Upturn SWOT Analysis
Strengths
- Tax-exempt income for California residents
- Experienced management team (BlackRock)
- Diversified portfolio of California municipal bonds
- Strong brand recognition of BlackRock
Weaknesses
- Sensitivity to interest rate changes
- Discount to net asset value (NAV) can fluctuate
- Closed-end fund structure limits flexibility
- Reliance on California municipal bond market
Opportunities
- Increasing demand for tax-exempt income
- Potential for NAV appreciation
- Expansion of fund offerings focused on ESG factors
- Active management to enhance returns
Threats
- Rising interest rates
- Deterioration of credit quality of California municipalities
- Changes in tax laws that reduce the attractiveness of municipal bonds
- Increased competition from other tax-advantaged investment vehicles
Competitors and Market Share
Key Competitors
- Nuveen California Quality Municipal Fund (NAC)
- Eaton Vance California Municipal Income Trust (CEV)
- Franklin California Tax-Free Trust (FTF)
Competitive Landscape
BFZ competes with other closed-end funds focused on California municipal bonds. BlackRock's size and resources provide a competitive advantage, but performance is the ultimate differentiator.
Growth Trajectory and Initiatives
Historical Growth: Growth is primarily reflected in the fund's NAV and its ability to maintain a stable distribution yield.
Future Projections: Future growth will depend on the performance of the California municipal bond market and BlackRock's ability to manage the portfolio effectively.
Recent Initiatives: Recent initiatives may include adjusting the portfolio's duration, credit quality, or sector allocation to optimize returns.
Summary
BlackRock California Municipal Income Closed Fund provides tax-exempt income to California residents through a managed portfolio of municipal bonds. Its strengths are its established brand and experienced management, while its weaknesses include interest rate sensitivity and reliance on a single state. Future performance hinges on the California municipal bond market's health. Investors need to be mindful of both the premium/discount to NAV and potential tax law changes.
Peer Comparison
Sources and Disclaimers
Data Sources:
- BlackRock official website
- SEC filings
- Financial news websites (e.g., Bloomberg, Reuters, Yahoo Finance)
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market share estimates are approximate and may vary depending on the source. Investment decisions should be made based on thorough research and consultation with a 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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