Eaton Vance AMT-Free Municipal Income I (EVMBX) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Eaton Vance AMT-Free Municipal Income I (EVMBX) trades at $8.53. Eaton Vance AMT-Free Municipal Income I is a closed-end management investment company focused on providing current income exempt from regular federal income tax. Market cap: $174M, Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: Mar 17, 2026Analyst Coverage for EVMBX: EVMBX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates EVMBX against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
Not enough scored data yet to form a council read on EVMBX.
How is this calculated? →Eaton Vance AMT-Free Municipal Income I (EVMBX) Financial Services Profile
Eaton Vance AMT-Free Municipal Income I focuses on delivering tax-exempt income through investments in municipal bonds. With a market capitalization of $174M and a beta of 1.20, the fund operates within the asset management sector, catering to investors seeking stable, tax-advantaged returns.
What Is the Investment Thesis for EVMBX?
Eaton Vance AMT-Free Municipal Income I presents a focused investment strategy targeting tax-exempt income through municipal bonds. With a market cap of $174M and a beta of 1.20, the fund's performance is closely tied to the municipal bond market's stability and interest rate movements. The fund's primary value driver is its ability to generate consistent, tax-advantaged income for investors, particularly those in higher tax brackets. A potential catalyst is the increasing demand for tax-efficient investment solutions amid evolving tax policies. However, potential risks include interest rate volatility, which could impact bond values, and credit risk associated with municipal issuers. The fund's success hinges on its active management and ability to navigate the complexities of the municipal bond market.
Based on FMP financials and quantitative analysis
EVMBX Key Highlights
The fund invests at least 80% of its net assets in municipal obligations, ensuring a focus on tax-exempt income.
- The fund primarily targets municipal obligations with maturities of ten years or more, seeking long-term stability.
- The fund's investment strategy aims to provide current income exempt from regular federal income tax, appealing to high-income investors.
- The fund's beta of 1.20 indicates a higher volatility compared to the broader market.
- The fund operates within the asset management industry, leveraging Eaton Vance's expertise in municipal bond markets.
Who Are EVMBX's Competitors?
EVMBX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| DSMLX Touchstone Large Company Growth Fund Class Institutional | $24.91 | +3.28% | $61.2M | — |
| ECF Ellsworth Growth and Income Fund Ltd. | $12.53 | -1.49% | $171M | 37 |
| EPDIX EuroPac International Dividend Income Fund - Class I | $15.58 | +0.84% | $247M | — |
| EPDPX EuroPac International Dividend Income Fund - Class A | $15.71 | +0.83% | $246M | — |
| EPVIX EuroPac International Value Fund - Class I | $15.59 | +1.50% | $210M | 47 |
| CBH Virtus Convertible & Income 2024 Target Term Fund | $9.19 | +0.05% | $168M | 63 |
| EDF Virtus Stone Harbor Emerging Markets Income Fund | $5.12 | -1.12% | $164M | 55 |
| GNT GAMCO Natural Resources, Gold & Income Trust | $9.04 | +2.55% | $151M | 60 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are EVMBX's Key Strengths?
Focus on tax-exempt income.
- Expertise in municipal bond markets.
- Established track record.
- Eaton Vance's brand recognition.
What Are EVMBX's Weaknesses?
Sensitivity to interest rate changes.
- Credit risk associated with municipal issuers.
- Limited diversification compared to broader fixed-income funds.
- Dependence on Eaton Vance's investment management capabilities.
What Could Drive EVMBX Stock Higher?
Potential changes in tax policy that could increase demand for tax-exempt investments.
- Active management of the portfolio to optimize returns and manage risk.
- Potential expansion of the investment mandate to include a broader range of municipal bond types.
What Are the Key Risks for EVMBX?
Rising interest rates could negatively impact bond values.
- Credit risk associated with municipal issuers.
- Changes in tax laws could reduce the attractiveness of tax-exempt investments.
- Economic downturn affecting municipal issuers.
What Are the Growth Opportunities for EVMBX?
- Increased Demand for Tax-Exempt Income: As tax policies evolve and tax rates potentially increase, the demand for tax-exempt income solutions is expected to rise. Eaton Vance AMT-Free Municipal Income I is well-positioned to capitalize on this trend by offering a focused investment strategy in municipal bonds. The market for tax-exempt investments is estimated to grow as investors seek to minimize their tax liabilities, creating a favorable environment for the fund. Timeline: Ongoing.
- Active Management and Portfolio Optimization: Eaton Vance's expertise in municipal bond markets allows for active management and optimization of the fund's portfolio. By identifying undervalued municipal bonds and adjusting the portfolio in response to changing market conditions, the fund can enhance its returns and manage risk effectively. This active management approach provides a competitive advantage and can attract investors seeking superior performance. Timeline: Ongoing.
- Expansion of Investment Mandate: The fund could explore expanding its investment mandate to include a broader range of municipal bond types or geographic regions. This could potentially enhance diversification and improve risk-adjusted returns. By diversifying its holdings, the fund can reduce its exposure to specific issuers or regions and potentially increase its overall yield. Timeline: Potential.
- Strategic Partnerships and Distribution Channels: Eaton Vance could pursue strategic partnerships with financial advisors and other distribution channels to expand the reach of the fund and attract new investors. By leveraging these partnerships, the fund can increase its visibility and access a wider pool of potential investors. This could lead to increased assets under management and improved economies of scale. Timeline: Potential.
- Innovation in Product Offerings: The fund could explore innovative product offerings, such as incorporating environmental, social, and governance (ESG) factors into its investment process. This could appeal to socially responsible investors and differentiate the fund from its competitors. By integrating ESG considerations, the fund can potentially enhance its long-term performance and attract a growing segment of the market. Timeline: Potential.
What Are EVMBX's Competitive Advantages?
- Expertise in municipal bond markets.
- Established track record of providing tax-exempt income.
- Eaton Vance's brand recognition and distribution network.
What Does EVMBX Do?
Eaton Vance AMT-Free Municipal Income I is a closed-end management investment company. The fund is designed to provide investors with current income that is exempt from regular federal income tax. The fund achieves this objective by investing primarily in municipal obligations, specifically those issued by or on behalf of states, territories, and possessions of the United States, including the District of Columbia, and their political subdivisions, agencies, or instrumentalities. These obligations are structured to provide interest income that is exempt from federal income tax, making them attractive to investors in higher tax brackets. The fund typically invests at least 80% of its net assets, plus any borrowings for investment purposes, in these types of municipal obligations. While the fund primarily focuses on municipal obligations with maturities of ten years or more, it retains the flexibility to invest in obligations with shorter maturities or those subject to shorter call provisions. This approach allows the fund to manage its portfolio in response to changing market conditions and interest rate environments, while still adhering to its core investment objective of providing tax-exempt income to its investors. Eaton Vance, the investment advisor for the fund, leverages its expertise in municipal bond markets to actively manage the fund's portfolio and identify attractive investment opportunities.
What Products and Services Does EVMBX Offer?
- Invests primarily in municipal obligations issued by states, territories, and possessions of the United States.
- Focuses on obligations that provide interest income exempt from regular federal income tax.
- Targets municipal obligations with maturities of ten years or more.
- Actively manages its portfolio to optimize returns and manage risk.
- Provides investors with current income that is tax-exempt.
- Offers a closed-end fund structure, allowing for a stable pool of assets.
How Does EVMBX Make Money?
- Generates income by investing in municipal bonds.
- Passes through tax-exempt interest income to its investors.
- Charges a management fee for its investment advisory services.
What Industry Does EVMBX Operate In?
Eaton Vance AMT-Free Municipal Income I operates within the asset management industry, specifically focusing on fixed-income investments in municipal bonds. The municipal bond market is influenced by factors such as interest rates, credit ratings of municipal issuers, and overall economic conditions. The industry is competitive, with numerous funds offering similar tax-exempt income strategies. The demand for municipal bonds is driven by investors seeking stable, tax-advantaged returns, particularly in high-tax states. The fund's performance is benchmarked against other municipal bond funds and is subject to regulatory oversight.
Who Are EVMBX's Key Customers?
- Individual investors seeking tax-exempt income.
- High-net-worth individuals in high tax brackets.
- Financial advisors seeking tax-advantaged investment solutions for their clients.
EVMBX Valuation & Market Position
With a $174M market cap, Eaton Vance AMT-Free Municipal Income I sits in the micro-cap segment of the market.
Key Financial Metrics
Return on equity for Eaton Vance AMT-Free Municipal Income I stands at 0.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.0%, showing how much profit it generates from its asset base. EVMBX trades at a trailing price-to-earnings ratio of 0.00, below the Financial Services sector average of ~18x. Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 0.0%, the inverse of the P/E and a quick read on earnings relative to price.
EVMBX Financials
Bull Case vs Bear Case
Bull Case
- Focus on tax-exempt income.
- Expertise in municipal bond markets.
- Established track record.
- Eaton Vance's brand recognition.
Bear Case
- Sensitivity to interest rate changes.
- Credit risk associated with municipal issuers.
- Limited diversification compared to broader fixed-income funds.
- Dependence on Eaton Vance's investment management capabilities.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
EVMBX Latest News
No recent news available for EVMBX.
EVMBX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for EVMBX.
Price Targets
Wall Street price target analysis for EVMBX.
EVMBX MoonshotScore
What does this score mean?
The MoonshotScore rates EVMBX 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
EVMBX Financial Services Stock FAQ
What does Eaton Vance AMT-Free Municipal Income I do?
Eaton Vance AMT-Free Municipal Income I is a closed-end management investment company that focuses on providing current income exempt from regular federal income tax. The fund invests primarily in municipal obligations issued by states, territories, and possessions of the United States, including the District of Columbia.
What are the main risks for EVMBX?
The main risks for Eaton Vance AMT-Free Municipal Income I include interest rate risk, which can negatively impact bond values if interest rates rise. Credit risk is also a concern, as the fund invests in municipal bonds, which are subject to the risk of default by the issuing municipalities.
How sensitive is EVMBX to interest rate changes?
Eaton Vance AMT-Free Municipal Income I is sensitive to interest rate changes, as rising interest rates can negatively impact the value of the municipal bonds held in its portfolio. When interest rates rise, the market value of existing bonds typically declines, as newly issued bonds offer higher yields.
What are the key factors to evaluate for EVMBX?
Evaluate EVMBX on fundamentals, analyst consensus, and risk factors. Eaton Vance AMT-Free Municipal Income I presents a focused investment strategy targeting tax-exempt income through municipal bonds. Not financial advice.
How frequently does EVMBX data refresh on this page?
EVMBX's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven EVMBX's recent stock price performance?
Eaton Vance AMT-Free Municipal Income I (EVMBX) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Focus on tax-exempt income. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider EVMBX overvalued or undervalued right now?
Eaton Vance AMT-Free Municipal Income I (EVMBX) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research EVMBX before investing?
Before investing in Eaton Vance AMT-Free Municipal Income I (EVMBX), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- The information provided is based on publicly available sources and is not intended to be investment advice.
- The fund's performance is subject to market conditions and investment risks.