Eaton Vance California Municipal Opportunities Fund Class I (EICAX)
| Fund Assets | 979.64M |
| Expense Ratio | 0.50% |
| Min. Investment | $250,000 |
| Turnover | 173.00% |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 3.79% |
| Dividend Growth | 1.34% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 9.68 |
| YTD Return | -3.99% |
| 1-Year Return | -1.61% |
| 5-Year Return | -0.04% |
| 52-Week Low | 9.57 |
| 52-Week High | 10.34 |
| Beta (5Y) | n/a |
| Holdings | 349 |
| Inception Date | Mar 3, 2008 |
About EICAX
Eaton Vance California Municipal Opportunities Fund Class I is an actively managed municipal bond mutual fund designed to generate income exempt from both regular federal income tax and California state personal income tax. Its primary objective is to maximize after-tax total return by employing a flexible investment approach within the California municipal bond market. The fund invests at least 80% of its assets in municipal obligations issued by California state entities and municipalities, and may also hold debt from U.S. territories such as Puerto Rico, the U.S. Virgin Islands, and Guam if aligned with tax requirements. Led by a seasoned credit research team, the fund utilizes thorough bottom-up analysis to tactically manage duration, credit quality, and sector exposure across the municipal yield curve. Notably, it can invest in bonds across the credit spectrum—including up to 50% in lower-rated or unrated issues, as well as up to 20% in other government or agency debt. With an institutional share class, it targets sophisticated investors seeking stable, tax-advantaged income streams, and plays a key role in diversifying fixed-income portfolios while addressing the unique tax needs of California residents.
Performance
EICAX had a total return of -1.61% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.56%.
Top 10 Holdings
14.37% of assets| Name | Symbol | Weight |
|---|---|---|
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 01.01.2055 | 2.33% |
| CALIFORNIA HEALTH FACS FING AUTH REV 5% | CA.CASMED 5 11.01.2047 | 1.72% |
| LOS ANGELES CALIF UNI SCH DIST 4% | CA.LOSSCD 4 07.01.2040 | 1.71% |
| SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WTR REV 4% | CA.SFOWTR 4 11.01.2039 | 1.47% |
| CALIFORNIA MUN FIN AUTH REV 5% | CA.CASFIN 5 12.31.2043 | 1.38% |
| CALIFORNIA ST ENTERPRISE DEV AUTH REV 4% | CA.CASDEV 4 12.01.2050 | 1.22% |
| PALO ALTO CALIF UNI SCH DIST 0% | CA.PATSCD 0 08.01.2033 | 1.18% |
| CUPERTINO CALIF UN SCH DIST 5.75% | CA.CUPSCD 5.75 08.01.2050 | 1.16% |
| UNIV CALIF REGTS MED CTR POOLED REV 5% | CA.UNVHGR 5 05.15.2047 | 1.15% |
| CALIFORNIA ST 5% | CA.CAS 5 11.01.2042 | 1.06% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.03403 | Jun 30, 2025 |
| May 30, 2025 | $0.03098 | May 30, 2025 |
| Apr 30, 2025 | $0.0308 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0302 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02955 | Feb 28, 2025 |
| Jan 31, 2025 | $0.02957 | Jan 31, 2025 |