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BlackRock California Municipal Income Closed Fund (BFZ)
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Upturn Advisory Summary
12/04/2025: 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 -5.58% | Avg. Invested days 31 | 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 12/04/2025 |
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 state income taxes, focusing on California municipal bonds.
Core Business Areas
- Municipal Bond Investments: Invests primarily in California municipal bonds to generate tax-exempt income for shareholders.
Leadership and Structure
Managed by BlackRock Advisors, LLC. The fund is overseen by a board of directors and a team of investment professionals.
Top Products and Market Share
Key Offerings
- Tax-Exempt Income: Provides tax-exempt income through investments in California municipal bonds. Market share data specific to BFC is not publicly available, but the municipal bond market is competitive, with numerous funds vying for investor capital. Competitors include Nuveen, Eaton Vance, and other BlackRock municipal bond funds.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, credit ratings, and tax policies. Demand for tax-exempt income typically increases in higher tax environments.
Positioning
BFC is positioned as a provider of tax-exempt income for California residents, offering a diversified portfolio of California municipal bonds. Its competitive advantage lies in BlackRock's expertise and scale in managing fixed-income investments.
Total Addressable Market (TAM)
The TAM is the total value of the California municipal bond market, which is substantial. BFC's position is to capture a portion of this market by offering a closed-end fund focused on tax-exempt income for California residents. Specific TAM value requires real-time market data and is not available here.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Diversified portfolio of California municipal bonds
- Tax-exempt income for California residents
- BlackRock's brand recognition and resources
Weaknesses
- Sensitivity to interest rate changes
- Potential for credit risk in municipal bonds
- Closed-end fund structure can lead to trading at a discount to NAV
- Concentration in California municipal bonds
Opportunities
- Increasing demand for tax-exempt income
- Potential for capital appreciation in undervalued municipal bonds
- Expansion of investment strategies within the municipal bond market
- Growing interest in ESG-focused municipal bonds
Threats
- Rising interest rates
- Changes in tax laws that reduce the attractiveness of municipal bonds
- Economic downturn in California
- Increased competition from other municipal bond funds and investment products
Competitors and Market Share
Key Competitors
- Nuveen California Municipal Value Fund, Inc. (NCA)
- Eaton Vance California Municipal Bond Fund (EVM)
- Invesco California Value Municipal Income Trust (VCV)
Competitive Landscape
BFC competes with other municipal bond funds based on yield, expense ratio, and investment strategy. BlackRock's size and reputation offer a competitive advantage, but performance is ultimately driven by the fund's investment decisions and market conditions.
Growth Trajectory and Initiatives
Historical Growth: Historical growth trends require access to real-time financial data.
Future Projections: Future projections require access to analyst estimates and are not available here.
Recent Initiatives: Recent initiatives are best sourced from company releases and filings.
Summary
BlackRock California Municipal Income Closed Fund offers tax-exempt income for California residents. The fund's strength lies in BlackRock's management expertise, but it is subject to interest rate and credit risks. It must adapt to changing tax laws and compete effectively within the municipal bond market. Performance is dependent on skillful bond selection.
Similar Stocks
Sources and Disclaimers
Data Sources:
- BlackRock's official website
- SEC filings
- Morningstar
- Bloomberg
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share data is an estimate. Consult with a financial advisor before making any investment decisions.
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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