Eaton Vance California Municipal Opportunities Fund (EACAX)
The investment seeks to maximize after-tax total return. Under normal market circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal obligations that are exempt from regular federal income tax and California state personal income taxes. It may invest 25% or more of its total assets in certain types of municipal obligations (such as general obligations, municipal leases, principal only municipal investments, revenue bonds and industrial development bonds) and in one or more economic sectors (such as housing, hospitals, healthcare facilities or utilities).
Fund Info
US27826L2566
27826L256
May 26, 1994
$1,000
Expense Ratio
EACAX has an expense ratio of 0.71%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Eaton Vance California Municipal Opportunities Fund (EACAX) returned -2.46% year-to-date (YTD) and 1.32% over the past 12 months. Over the past 10 years, EACAX returned 2.22% annually, underperforming the S&P 500 benchmark at 10.84%.
EACAX
-2.46%
-0.11%
-2.98%
1.32%
2.19%
0.63%
2.22%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of EACAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -0.03% | 1.17% | -1.78% | -1.01% | -0.81% | -2.46% | |||||||
| 2024 | -0.02% | 0.09% | 0.08% | -0.90% | 0.08% | 1.18% | 0.87% | 0.87% | 1.16% | -1.28% | 1.66% | -1.09% | 2.69% |
| 2023 | 2.87% | -1.90% | 1.77% | -0.04% | -0.62% | 0.77% | 0.26% | -0.73% | -2.33% | -1.46% | 5.88% | 2.08% | 6.45% |
| 2022 | -2.45% | -0.54% | -3.18% | -2.69% | 1.05% | -1.21% | 1.98% | -1.49% | -2.73% | -0.81% | 4.23% | 0.05% | -7.77% |
| 2021 | 0.37% | -1.69% | 0.27% | 0.82% | 0.27% | 0.28% | 0.83% | -0.44% | -0.70% | -0.18% | 0.74% | -0.02% | 0.52% |
| 2020 | 1.66% | 1.37% | -4.08% | -1.23% | 3.35% | 1.01% | 1.98% | -0.68% | -0.05% | -0.16% | 1.78% | 0.46% | 5.33% |
| 2019 | 0.51% | 0.42% | 1.98% | 0.40% | 1.54% | 0.39% | 0.75% | 2.05% | -0.74% | -0.01% | 0.08% | 0.33% | 7.93% |
| 2018 | -1.23% | -0.26% | 0.51% | -0.36% | 1.61% | 0.21% | 0.12% | 0.31% | -0.76% | -0.96% | 0.92% | 1.01% | 1.08% |
| 2017 | 0.41% | 0.63% | 0.32% | 0.71% | 1.38% | -0.27% | 0.60% | 0.78% | -0.47% | -0.18% | -0.37% | 0.98% | 4.59% |
| 2016 | 1.33% | 0.16% | 0.63% | 0.90% | 0.60% | 2.19% | -0.25% | 0.30% | -0.46% | -1.12% | -4.24% | 0.80% | 0.71% |
| 2015 | 1.76% | -1.03% | 0.41% | -0.56% | 0.02% | -0.27% | 0.60% | 0.48% | 0.97% | 0.58% | 0.77% | 0.85% | 4.64% |
| 2014 | 2.78% | 1.67% | 0.44% | 1.65% | 1.63% | -0.08% | 0.02% | 1.61% | 0.52% | 0.70% | 0.02% | 0.79% | 12.36% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of EACAX is 18, meaning it’s performing worse than 82% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Eaton Vance California Municipal Opportunities Fund (EACAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Eaton Vance California Municipal Opportunities Fund provided a 3.44% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.34 | $0.32 | $0.21 | $0.18 | $0.24 | $0.28 | $0.27 | $0.26 | $0.28 | $0.37 | $0.39 |
Dividend yield | 3.44% | 3.33% | 3.17% | 2.09% | 1.61% | 2.16% | 2.63% | 2.61% | 2.54% | 2.75% | 3.52% | 3.79% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance California Municipal Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.21 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.06 | $0.18 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.06 | $0.24 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 | $0.28 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Eaton Vance California Municipal Opportunities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Eaton Vance California Municipal Opportunities Fund was 25.40%, occurring on Dec 16, 2008. Recovery took 191 trading sessions.
The current Eaton Vance California Municipal Opportunities Fund drawdown is 3.90%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.4% | Jan 17, 2008 | 231 | Dec 16, 2008 | 191 | Sep 21, 2009 | 422 |
| -12.64% | Oct 13, 2010 | 66 | Jan 14, 2011 | 173 | Sep 22, 2011 | 239 |
| -12.57% | Aug 6, 2021 | 308 | Oct 25, 2022 | 467 | Sep 5, 2024 | 775 |
| -10.86% | Dec 11, 2012 | 185 | Sep 5, 2013 | 172 | May 13, 2014 | 357 |
| -9.3% | Mar 10, 2020 | 9 | Mar 20, 2020 | 90 | Jul 29, 2020 | 99 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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