Eaton Vance California Municipal Opportunities Fund (EACAX)
Eaton Vance California Municipal Opportunities Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $10.04, up 0.10% on the session, giving a market capitalisation of $1.10B. On trailing twelve-month figures it carries a trailing P/E of 47.81, a net margin of 32.2%. Its beta of 0.92 implies it has historically moved less than the broad market.
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.
Eaton Vance California Municipal Opportunities Fund is most often compared with the following Financial Services names: