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BlackRock California Municipal Income Closed Fund (BFZ)
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Upturn Advisory Summary
11/03/2025: BFZ (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -4.61% | Avg. Invested days 29 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/03/2025 |
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 |
Upturn AI SWOT
BlackRock California Municipal Income Closed Fund
Company Overview
History and Background
BlackRock California Municipal Income Closed Fund (BFC) was established to provide current income exempt from federal and California income taxes. Details on its founding year and early milestones are scarce, but it has evolved to focus on investing in California municipal bonds.
Core Business Areas
- Municipal Bond Investments: Primarily invests in California municipal bonds to generate tax-exempt income.
Leadership and Structure
As a closed-end fund managed by BlackRock, leadership is provided by BlackRock's investment professionals. The fund's structure is that of a publicly traded closed-end fund.
Top Products and Market Share
Key Offerings
- Tax-Exempt Income: BFC's primary offering is tax-exempt income generated through its portfolio of California municipal bonds. Precise market share data is not publicly available in the conventional sense. Competitors include other California municipal bond funds like NCA, VCA and PCK.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, credit ratings, and tax policies. Demand for tax-exempt income is a key driver.
Positioning
BFC is positioned as a provider of tax-exempt income for California residents. Its competitive advantage lies in BlackRock's expertise in fixed-income investing.
Total Addressable Market (TAM)
The total US municipal bond market is estimated to be in the trillions of dollars. BFC's position depends on its AUM (Assets Under Management) relative to the overall market.
Upturn SWOT Analysis
Strengths
- Experienced management (BlackRock)
- Tax-exempt income for California residents
- Diversified portfolio of municipal bonds
Weaknesses
- Interest rate risk
- Credit risk of municipal bonds
- Closed-end fund structure can lead to price volatility
Opportunities
- Increasing demand for tax-exempt income
- Rising interest rates could increase yields
- Potential for capital appreciation if bond prices increase
Threats
- Rising interest rates could decrease bond prices
- Credit downgrades of municipal bonds
- Changes in tax laws could reduce demand for tax-exempt income
Competitors and Market Share
Key Competitors
- NCA
- VCA
- PCK
Competitive Landscape
BFC competes with other California municipal bond funds. Its advantage depends on its expense ratio, portfolio performance, and BlackRock's reputation.
Growth Trajectory and Initiatives
Historical Growth: Historical growth is tied to the performance of the municipal bond market and BlackRock's management. Check credible financial web sources for current data.
Future Projections: Future projections depend on interest rate forecasts, credit market conditions, and tax policy. Analyst estimates are available from financial data providers.
Recent Initiatives: Recent initiatives would relate to portfolio management strategies employed by BlackRock.
Summary
BlackRock California Municipal Income Closed Fund offers tax-exempt income to California residents. Its strength lies in BlackRock's management expertise, but it faces interest rate and credit risks. Opportunities exist due to the demand for tax-advantaged investments. Threats include changing tax laws and economic downturns affecting municipalities.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Financial websites (e.g., Yahoo Finance, Bloomberg, Google Finance)
- BlackRock's website
- SEC filings
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered 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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