- What does EACAX invest in?
- Under typical market conditions, this fund commits a minimum of 80% of its net assets—including any capital borrowed for investment purposes—to municipal debt instruments. These instruments are specifically selected because their income is exempt from both federal income tax and California state personal income taxes. The fund has the discretion to allocate 25% or more of its total assets to particular types of municipal obligations, such as general obligations, municipal leases, principal-only municipal investments, revenue bonds, and industrial development bonds. Additionally, it may concentrate a similar portion of its investments within one or more economic sectors, including housing, hospitals, healthcare facilities, or utilities.
- What is the expense ratio of EACAX?
- Eaton Vance California Municipal Opportunities Fund (EACAX) charges an expense ratio of 0.77%. This is the annual fee deducted from fund assets to cover management and operations.
- What is EACAX's dividend yield?
- EACAX's trailing-twelve-month yield is 3.60%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of EACAX?
- Effective duration measures EACAX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. EACAX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of EACAX?
- EACAX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of EACAX?
- Yield to maturity (YTM) is the total return you'd earn from EACAX if every bond in the portfolio is held to maturity at the current price. EACAX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
