About ECCAX
Eaton Vance California Municipal Opportunities Fund Class C is a municipal bond mutual fund designed to maximize after-tax total return through an opportunistic investment approach focused on California-issued municipal securities. Its portfolio is actively managed, allowing flexibility in duration, yield curve positioning, credit quality, and sector exposure to respond to market developments and capitalize on inefficiencies within the California municipal bond market. The fund primarily invests in a range of California municipal obligations, including both investment grade and, when warranted, below investment grade debt, spanning various public sectors such as education, healthcare, utilities, and infrastructure. The investment team employs rigorous bottom-up credit research to identify attractive opportunities, supported by one of the industry's experienced municipal credit teams. Eaton Vance California Municipal Opportunities Fund Class C plays a significant role for investors seeking tax-exempt income from California sources and for those looking to diversify exposure within the municipal bond asset class. Managed under the umbrella of Morgan Stanley Investment Management, the fund is structured to adapt to changing interest rate environments and credit conditions, making it a versatile component of a diversified fixed income strategy.
Fund Family Eaton Vance
Category Muni California Intermediate
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol ECCAX
Share Class Class C
Index Bloomberg Municipal Bond TR
ECCAX had a total return of 4.69% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.40%.
