Eaton Vance California Municipal Bond Fund (EVM)

• Market cap: $226M
• 1 day: -0.33%
• 5 days: -2.87%
• 1 month: -2.56%
• 3 months: -4.19%
• 6 months: -3.59%
• Year to date: -0.22%
• 1 year: 0.33%
• 5 years: -18.47%
• 10 years: -22.74%

About: Eaton Vance California Municipal Bond Fund is an investment company with an objective to provide current income exempt from regular federal income tax, including alternative minimum tax, and, in state specific funds, taxes in its specified state. The company provides its solutions to individual investors, institutional investors, high net worth individuals, family office investors, and financial professionals. It offers a range of equity, income, and alternative strategies to institutional investors, both in the United States and internationally.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

6% more funds holding

Funds holding: 49 [Q2] → 52 (+3) [Q3]

4% less capital invested

Capital invested by funds: $112M [Q2] → $108M (-$4.08M) [Q3]

2.4% less ownership

Funds ownership: 47.9% [Q2] → 45.49% (-2.4%) [Q3]

43% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 21