EICAX Performance — Eaton Vance California Municipal Opportunities Fund, Class I
Data updated: 2026-08-27
EICAX returned +2.88% year to date and +7.95% over one year to Jun 2026. Annualised returns are +4.28% over 3 years and +1.59% over 5 years. The fund beat its Long-Term Municipal Bond category average: $100 invested three years ago grew to $113, against $112 for the category, and to $108 over one year, against $108. Volatility over the past three years was 5.20% a year. In the 12 months to Jun 2026 the fund took in a net $74.9M, and assets reached $1.09B.
EICAX Growth of $100
What $100 invested in Eaton Vance California Municipal Opportunities Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | EICAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $108 | $108 |
| 3 years (Jul 2023 – Jun 2026) | $113 | $112 |
| 5 years (Jul 2021 – Jun 2026) | $108 | $103 |
| Since data start (Jul 2019 – Jun 2026) | $118 | $113 |
EICAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.88% |
| 1 year | +7.95% |
| 3 years (annualised) | +4.28% |
| 5 years (annualised) | +1.59% |
EICAX Annual Returns
Calendar-year total returns of Eaton Vance California Municipal Opportunities Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +2.88% |
| 2025 | +3.22% |
| 2024 | +3.03% |
| 2023 | +6.59% |
| 2022 | −7.44% |
| 2021 | +0.66% |
| 2020 | +5.57% |
| 2019 (Jul–Dec) | +2.59% |
EICAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.5% | +1.7% | −2.1% | +1.1% | +0.6% | +1.1% | — | — | — | — | — | — |
| 2025 | −0.1% | +1.2% | −1.7% | −1.1% | −0.5% | +0.5% | −0.7% | +1.0% | +2.7% | +1.4% | +0.4% | 0.0% |
| 2024 | +0.1% | +0.1% | 0.0% | −0.8% | 0.0% | +1.3% | +0.8% | +1.0% | +1.1% | −1.2% | +1.6% | −1.0% |
| 2023 | +2.8% | −1.8% | +1.7% | 0.0% | −0.5% | +0.7% | +0.4% | −0.8% | −2.2% | −1.4% | +5.9% | +2.0% |
| 2022 | −2.3% | −0.5% | −3.2% | −2.7% | +1.1% | −1.2% | +2.1% | −1.6% | −2.6% | −0.9% | +4.4% | +0.1% |
| 2021 | +0.4% | −1.8% | +0.4% | +0.8% | +0.4% | +0.3% | +0.8% | −0.3% | −0.8% | −0.2% | +0.9% | −0.1% |
| 2020 | +1.7% | +1.4% | −4.1% | −1.1% | +3.3% | +1.0% | +2.1% | −0.8% | +0.1% | −0.1% | +1.8% | +0.5% |
| 2019 | — | — | — | — | — | — | +0.8% | +2.1% | −0.7% | 0.0% | +0.1% | +0.4% |
EICAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 5.20%
- 3-year Sharpe ratio: -0.04 (vs 4.5% risk-free rate)
- Best month: +5.89% (Nov 2023)
- Worst month: −2.21% (Sep 2023)
EICAX Fund Flows
Monthly money in and out of Eaton Vance California Municipal Opportunities Fund, from SEC Form N-PORT.
- 12-month net flow: $74.9M
- 12-month gross sales (incl. reinvestments): $413.2M
- Sales ÷ redemptions: 1.22×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $31.3M | $15.3M | $16.1M |
| May 2026 | $33.6M | $19.6M | $14.0M |
| Apr 2026 | $35.1M | $22.5M | $12.6M |
| Mar 2026 | $32.0M | $22.1M | $9.9M |
| Feb 2026 | $21.7M | $14.4M | $7.3M |
| Jan 2026 | $33.9M | $28.9M | $4.9M |
| Dec 2025 | $38.4M | $36.5M | $2.0M |
| Nov 2025 | $25.4M | $25.0M | $434K |
| Oct 2025 | $35.7M | $22.0M | $13.8M |
| Sep 2025 | $38.8M | $30.2M | $8.6M |
| Aug 2025 | $47.6M | $59.1M | −$11.5M |
| Jul 2025 | $39.6M | $42.8M | −$3.2M |
EICAX Assets Under Management
Net assets of Eaton Vance California Municipal Opportunities Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.09B |
| 2026-03-31 | $1.03B |
| 2025-12-31 | $1.02B |
| 2025-09-30 | $993.21M |
| 2025-06-30 | $979.64M |
| 2025-03-31 | $1.00B |
| 2024-12-31 | $963.23M |
| 2024-09-30 | $938.16M |
| 2024-06-30 | $845.56M |
| 2024-03-31 | $888.34M |
| 2023-12-31 | $839.17M |
| 2023-09-30 | $707.79M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.