About EACAX
Eaton Vance California Municipal Opportunities Fund Class A is an open-end mutual fund specializing in municipal bonds, with a primary objective of maximizing after-tax total return for investors. The fund focuses on a flexible, actively managed approach to the California municipal bond market, investing at least 80% of its assets in bonds that are generally exempt from both federal and California state personal income taxes. It allocates assets across the entire municipal yield curve and credit spectrum within California, utilizing an experienced credit research team to identify value opportunities through detailed fundamental analysis. This fund may also allocate up to 50% of its assets to below-investment-grade securities and adapt its duration, yield-curve positioning, and sector exposures as market conditions evolve. It impacts sectors critical to California's infrastructure, such as education, healthcare, utilities, and public services, by providing funding through municipal bonds. The fund aims to preserve capital and generate income attractive to residents seeking tax-advantaged returns, making it a significant participant in California’s municipal debt market and an important tool for diversified, tax-efficient investing within the state.
Fund Family Eaton Vance
Category Muni California Intermediate
Performance Rating Above Average
Risk Rating High
Stock Exchange Nasdaq
Ticker Symbol EACAX
Share Class Class A
Index Bloomberg Municipal Bond TR
EACAX had a total return of -1.25% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.10%.
