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Eaton Vance California MIT (CEV)
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Upturn Advisory Summary
11/03/2025: CEV (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -0.65% | Avg. Invested days 44 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/03/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 68.16M USD | Price to earnings Ratio 12.58 | 1Y Target Price - |
Price to earnings Ratio 12.58 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.55 | 52 Weeks Range 9.21 - 10.70 | Updated Date 06/29/2025 |
52 Weeks Range 9.21 - 10.70 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 6.19% | Basic EPS (TTM) 0.77 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 112.18% | Operating Margin (TTM) 81.72% |
Management Effectiveness
Return on Assets (TTM) 2.23% | Return on Equity (TTM) 6.66% |
Valuation
Trailing PE 12.58 | Forward PE - | Enterprise Value 94467288 | Price to Sales(TTM) 13.96 |
Enterprise Value 94467288 | Price to Sales(TTM) 13.96 | ||
Enterprise Value to Revenue 15.98 | Enterprise Value to EBITDA - | Shares Outstanding 7033580 | Shares Floating - |
Shares Outstanding 7033580 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 27.11 |
Upturn AI SWOT
Eaton Vance California MIT
Company Overview
History and Background
Eaton Vance California Municipal Income Trust (EVM) is a closed-end management investment company. It seeks to provide current income exempt from federal income tax and California state personal income tax.
Core Business Areas
- Municipal Bond Investment: Primarily invests in California municipal bonds to provide tax-exempt income. It focuses on a variety of municipal securities including those issued by state and local governments.
Leadership and Structure
Eaton Vance is the investment advisor. The fund is managed by a team of portfolio managers specializing in municipal bonds.
Top Products and Market Share
Key Offerings
- Tax-Exempt Income Fund: Provides income exempt from federal and California state income taxes by investing in municipal bonds. Market share data is not available as EVM is a closed-end fund, but competes within the larger municipal bond market. Competitors include Nuveen California Quality Municipal Fund (NAC), BlackRock California Municipal Income Trust (BFZ).
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, credit ratings of issuers, and tax policies. Demand for tax-exempt income is driven by high-income individuals and institutions.
Positioning
EVM is positioned as a provider of tax-advantaged income for California residents, focusing on a high level of current income consistent with prudent investment management.
Total Addressable Market (TAM)
The total addressable market is the overall municipal bond market, valued in the trillions of dollars. EVM captures a small portion by specializing in California municipal bonds. Market size is estimated at $4 trillion; EVM assets are comparatively small.
Upturn SWOT Analysis
Strengths
- Tax-exempt income for California residents
- Experienced management team at Eaton Vance
- High current income potential
Weaknesses
- Vulnerability to interest rate changes
- Concentration in California municipal bonds
- Market volatility impacting net asset value
Opportunities
- Increased demand for tax-exempt income in a rising tax environment
- Strategic allocation to higher-yielding municipal bonds
- Potential for capital appreciation in a declining interest rate environment
Threats
- Changes in tax laws reducing the attractiveness of municipal bonds
- Credit downgrades of California municipal bonds
- Rising interest rates decreasing bond values
Competitors and Market Share
Key Competitors
- NAC
- BFZ
Competitive Landscape
EVM competes with other California-specific and national municipal bond funds. Competitive advantages include Eaton Vance's expertise in municipal bond management and a focus on California municipal bonds.
Growth Trajectory and Initiatives
Historical Growth: Growth is tied to the overall performance of the California municipal bond market and the fund's ability to generate income and capital appreciation.
Future Projections: Future performance depends on interest rate trends, credit quality of holdings, and overall market sentiment. Analyst estimates are not widely available for closed-end funds.
Recent Initiatives: Recent initiatives involve adjusting the portfolio to manage interest rate risk and optimizing the portfolio for income generation.
Summary
EVM is a closed-end fund focused on tax-exempt income for California residents. It offers a consistent distribution but faces risks from interest rate changes and credit quality of its holdings. Eaton Vance's management provides expertise, but performance depends on the broader California municipal bond market. The fund is susceptible to market volatility.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Eaton Vance Fund Documents
- Financial News Sources
- Market Data Providers
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on your own research and consultation with a financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Eaton Vance California MIT
Exchange NYSE MKT | Headquaters Boston, MA, United States | ||
IPO Launch date 1999-01-26 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
Eaton Vance California Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in debt securities issued by education, hospital, housing, insured-education, insured-electric utilities, insured-hospital, insured-transportation, insured-water and sewer, transportation, and other sectors. Eaton Vance California Municipal Income Trust was formed in 1999 and is domiciled in United States.
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