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Upturn AI SWOT - About
BlackRock California Municipal Income Closed Fund (BFZ)
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Upturn Advisory Summary
08/28/2025: 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.
Analysis of Past Performance
Type Stock | Historic Profit -2.02% | 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 08/28/2025 |
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 founded to provide high current income exempt from federal and California state income taxes. It primarily invests in municipal bonds issued by California. While the exact founding year isn't readily available in initial searches, closed-end funds of this nature have a history tied to municipal bond markets.
Core Business Areas
- Municipal Bond Investment: The fund's primary business is investing in California municipal bonds to generate tax-exempt income.
Leadership and Structure
As a closed-end fund managed by BlackRock, the fund is overseen by a portfolio management team. BlackRock, Inc. provides the fund's management and administrative services.
Top Products and Market Share
Key Offerings
- Tax-Exempt Income: The fund's main 'product' is tax-exempt income derived from California municipal bonds. Market share data specific to BFC is unavailable, as closed-end funds compete within the broader municipal bond market. Competitors include other municipal bond funds offered by companies like Nuveen, Eaton Vance, and Franklin Templeton.
Market Dynamics
Industry Overview
The municipal bond market is influenced by factors like interest rates, state and local government finances, and tax policies. Demand for tax-exempt income drives investment in municipal bonds, especially for high-income earners.
Positioning
BFC is positioned as a provider of tax-exempt income specifically focused on California municipal bonds, offering geographic concentration benefits and risks.
Total Addressable Market (TAM)
The total addressable market is the overall California Municipal Bond market, valued in the hundreds of billions of dollars. BFC's position is a small segment of this very large market; it focuses on capturing investor interest within the larger market looking for tax-advantaged California-specific municipal bonds.
Upturn SWOT Analysis
Strengths
- Tax-exempt income for California residents
- Managed by BlackRock (reputable firm)
- Geographic focus on California
Weaknesses
- Concentration risk in California municipal bonds
- Interest rate sensitivity
- Discount to NAV (Net Asset Value) can impact returns
Opportunities
- Increased demand for tax-exempt income in a rising tax environment
- Potential for capital appreciation if interest rates decline
- Expansion of investment mandate within California municipal market
Threats
- Rising interest rates reducing bond values
- Deterioration of California's financial health
- Changes in tax laws reducing the attractiveness of municipal bonds
Competitors and Market Share
Key Competitors
- Nuveen California Quality Municipal Fund (NAC)
- Eaton Vance California Municipal Income Trust (CEV)
- Franklin California Tax-Free Trust (FCF)
Competitive Landscape
BFC competes with other California municipal bond funds based on yield, expense ratio, and historical performance. BlackRock's brand recognition is a competitive advantage.
Growth Trajectory and Initiatives
Historical Growth: Growth is tied to the performance of the California municipal bond market and demand for tax-exempt income.
Future Projections: Future projections depend on macroeconomic factors, interest rate forecasts, and California's economic outlook. Analyst estimates are needed for quantitative projections.
Recent Initiatives: Recent initiatives would involve portfolio adjustments based on market conditions, aiming to maximize tax-exempt income and manage risk.
Summary
BlackRock California Municipal Income Closed Fund provides California residents tax-exempt income through municipal bonds. Its strength lies in the BlackRock brand and focused California exposure. Rising interest rates and California's fiscal health pose potential risks. Growth depends on successfully navigating the municipal bond market.
Peer Comparison
Sources and Disclaimers
Data Sources:
- BlackRock Fund Fact Sheet
- Financial News Articles
- Municipal Bond Market Data
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It is not financial advice. Market share estimates are approximations and may not reflect precise figures.
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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