Eaton Vance AMT-Free Municipal Income I
EVMBX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Boston, MA 02110 Boston MA United States of America 02110
- IPO Date
- Jan 2, 1980
- CIK
- 0000745463
- Website
- eatonvance.com
- Similar Companies
- Business
- Eaton Vance AMT-Free Municipal Income Fund Class I (EVMBX) is an open-end mutual fund that seeks current income exempt from regular federal income tax by investing primarily in a diversified portfolio of municipal obligations issued by U.S. states, territories, possessions, and political subdivisions; at least 80% of net assets are committed to municipal bonds that pay interest exempt from the federal alternative minimum tax (AMT), with a portfolio typically comprising over 95% in such securities including general obligation bonds, revenue bonds, and pre-refunded municipal bonds. The fund maintains a focus on investment-grade municipal debt (primarily rated Baa/BBB or higher), supplemented by limited exposure to high-yield municipal bonds, U.S. Treasury securities, and derivatives for hedging or income enhancement; it emphasizes intermediate to long-term maturities with an average effective maturity of around 12-15 years and average duration sensitive to interest rate changes, targeting high current yield while managing credit and liquidity risks in the municipal tax-exempt sector. Available to institutional investors with a minimum initial investment of $1,000,000, the fund features a net expense ratio of 0.70% and no front-end or deferred loads, positioning it within the Morningstar Muni National Long category for tax-sensitive investors seeking federally tax-exempt income. Eaton Vance Management, the fund's investment adviser founded in 1924 and headquartered in Boston, Massachusetts, operates as an indirect wholly-owned subsidiary of Morgan Stanley following the $7 billion acquisition completed in March 2021, which integrated Eaton Vance's municipal bond expertise into Morgan Stanley Investment Management's broader platform serving clients across North America, Europe, Asia, and Australia. Recent developments include ongoing portfolio optimizations amid 2024-2025 interest rate environment shifts and municipal market liquidity adjustments, alongside Eaton Vance's strategic expansions such as Morgan Stanley Private Credit's investments in healthcare services like the February 2025 $350 million commitment to SelectQuote alongside Bain Capital and Newlight Partners, enhancing the firm's alternative credit capabilities complementary to core fixed income strategies.