Eaton Vance California Municipal Bond Fund II (NYSE American: EIA) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and California personal income taxes. The fund primarily invests in investment-grade municipal securities issued by state and local governmental entities in California, including general obligation bonds and revenue bonds that finance projects in education, transportation, health care and utilities.
To enhance income potential, the fund may employ leverage through the issuance of preferred shares or borrowings, subject to regulatory limits. Its portfolio is actively managed to balance yield and credit quality, with a focus on maintaining investment-grade ratings while capitalizing on relative value across diverse municipal sectors. The fund typically distributes income on a monthly basis, aiming to deliver tax-advantaged cash flow to investors.
Launched in the mid-1990s, Eaton Vance California Municipal Bond Fund II is part of the broader Eaton Vance family of closed-end funds. Eaton Vance Management, a subsidiary of Morgan Stanley Investment Management, brings more than nine decades of fixed-income expertise to the fund’s strategy. A dedicated team of municipal bond specialists conducts credit analysis and monitors market conditions to guide portfolio positioning and risk management.
With its exclusive focus on California municipal issuers, the fund offers targeted exposure to one of the nation’s largest municipal markets. Investors seeking tax-exempt income and diversification within California’s public finance sector may find this fund’s blend of active management, leverage and specialized regional focus aligned with their objectives.
AI Generated. May Contain Errors.
Free EIA Stock Alerts