Eaton Vance California Municipal Bond Fund (EVM)

Frequently Asked Questions About Eaton Vance California Municipal Bond Fund (EVM)

Are there any redemption fees for EVM investors?

Eaton Vance California Municipal Bond Fund generally does not impose redemption fees for selling shares, but investors should verify the fees and policies with their brokerage or investment platform. It's also important for investors to understand any potential costs associated with buying and selling shares in a closed-end fund, such as trading commissions.

Can EVM be held in tax-advantaged accounts?

Eaton Vance California Municipal Bond Fund can be held in tax-advantaged accounts like IRAs or Roth IRAs; however, the tax-exempt income feature may not provide significant benefits in such accounts. Investors should evaluate their overall tax strategy and consult with financial advisors to determine the best placement for EVM within their investment portfolios.

Does EVM have any sustainability or ESG focus?

Eaton Vance has increasingly incorporated Environmental, Social, and Governance (ESG) considerations in its investment philosophy; however, the specifics regarding EVM's focus on sustainability or ESG criteria depend on the strategies employed by the fund's management. Investors interested in ESG themes can refer to updated reports or the fund's ESG policies to determine alignment with their values.

How can I invest in EVM?

Investors can purchase shares of Eaton Vance California Municipal Bond Fund through a brokerage account, just as they would with any publicly-traded stock. EVM's shares are listed on the New York Stock Exchange under the ticker symbol 'EVM,' making it accessible for investors interested in adding municipal bond exposure to their portfolios.

How does EVM compare to other municipal bond funds?

EVM may be compared to other municipal bond funds based on factors such as performance, expense ratios, yield, and investment strategy. It specifically focuses on California municipal bonds, which can provide unique benefits and risks compared to broader municipal bond funds. Prospective investors should evaluate EVM in relation to their investment objectives and preferences.

How does EVM distribute income to its shareholders?

EVM typically distributes income to its shareholders through monthly dividend payments, comprised mainly of tax-exempt interest income earned from its portfolio of municipal bonds. The fund aims to maintain a consistent distribution schedule, providing investors with a regular income stream, which is particularly appealing for income-focused investors.

How does EVM handle credit risk?

EVM manages credit risk through a thorough research process, evaluating the creditworthiness of issuers before investing in their bonds. The fund's management team employs fundamental analysis to assess factors such as the financial health and overall credit rating of municipalities, allowing the fund to make informed investment decisions and minimize the impact of potential defaults.

How often are EVM's investments re-evaluated?

EVM's management team regularly re-evaluates the fund's investments as part of an ongoing process to adapt to changing market conditions and interest rates. The fund employs a disciplined investment strategy, continuously monitoring the performance of its portfolio positions and making adjustments as necessary to align with its investment objectives.

Is EVM suitable for all types of investors?

EVM may not be suitable for all types of investors, as it mainly focuses on tax-exempt municipal bonds. It is particularly appealing for investors in higher tax brackets who seek to minimize their tax liability while generating income. However, those seeking capital appreciation or higher risk-return profiles may find that EVM does not align with their investment objectives.

What are the benefits of investing in EVM?

Investing in Eaton Vance California Municipal Bond Fund offers several benefits, including tax-exempt income potential, diversification through a portfolio of municipal bonds, and professional management. The fund may be a strategic addition for investors looking to enhance their fixed-income allocation while benefiting from the unique tax treatment associated with California municipal bonds.

What are the risks associated with investing in EVM?

Investing in Eaton Vance California Municipal Bond Fund involves several risks, including interest rate risk, credit risk, and market risk. Interest rate risk arises from fluctuations in interest rates, which can affect bond prices. Additionally, credit risk relates to the possibility of issuer default, while market risk can lead to changes in the market value of the fund's shares.

What are the tax implications of investing in EVM?

Investing in Eaton Vance California Municipal Bond Fund may offer significant tax advantages for investors, as the income generated from California municipal bonds is generally exempt from federal taxes and California state taxes. This tax-exempt status makes EVM attractive for taxpayers in higher income brackets, although it's important for investors to consult with tax professionals to understand individual tax circumstances.

What does Eaton Vance California Municipal Bond Fund (NYSE:EVM) do?

Eaton Vance California Municipal Bond Fund (EVM) is a closed-end management investment company that primarily invests in a diversified portfolio of California municipal bonds. The fund aims to provide tax-exempt income primarily to California residents, and it focuses on bonds issued by California municipalities, which typically offer favorable tax treatment for investors.

What is the expense ratio of EVM?

The expense ratio of Eaton Vance California Municipal Bond Fund varies over time, reflecting management fees, administrative expenses, and other costs associated with managing the fund's portfolio. The expense ratio is an important factor for investors to consider, as it can affect overall returns, and potential investors should refer to the latest financial reports for the most current figure.

What is the historical performance of EVM?

The historical performance of Eaton Vance California Municipal Bond Fund is subject to fluctuations based on market conditions, interest rates, and the performance of the underlying municipal bonds. Potential investors should review past performance data, usually available in the fund's fact sheet or annual reports, to assess how well it has performed relative to benchmarks or other municipal funds.

What is the investment objective of EVM?

The primary investment objective of Eaton Vance California Municipal Bond Fund is to provide a high level of current income that is exempt from federal income tax and California state income tax. The fund seeks to achieve this by investing predominantly in municipal bonds issued by California municipalities and other governmental entities.

What is the minimum investment required for EVM?

The minimum investment required to purchase shares of Eaton Vance California Municipal Bond Fund may vary based on brokerage firms and account types. Generally, investors can buy as few as one share, but brokerages may recommend a certain minimum investment level to diversify holdings or meet specific investment goals.

What market conditions affect EVM the most?

EVM is mainly affected by market conditions related to interest rates, credit quality of municipal issuers, and overall economic performance. Rising interest rates can lead to decreased bond prices, while economic downturns may impact the creditworthiness of municipal issuers, adversely affecting the performance of the fund.

What types of securities does EVM invest in?

EVM primarily invests in a range of California municipal securities, including general obligation bonds, revenue bonds, and other debt obligations issued by California municipalities. The fund may also invest in derivatives and other financial instruments to enhance returns and manage risk, while maintaining its focus on tax-exempt income.

Who manages Eaton Vance California Municipal Bond Fund?

The Eaton Vance California Municipal Bond Fund is managed by Eaton Vance Management, an experienced investment management firm known for its specialization in fixed-income investments, including municipal bonds. The team employs a disciplined investment process, utilizing extensive research and analysis to identify opportunities in the California municipal bond market.

What is the current price of Eaton Vance California Municipal Bond Fund?

The current price of Eaton Vance California Municipal Bond Fund is 8.790

When was Eaton Vance California Municipal Bond Fund last traded?

The last trade of Eaton Vance California Municipal Bond Fund was at 8:00 pm EDT on August 4th, 2025