- What does EVMBX invest in?
- The fund typically dedicates a minimum of 80% of its net assets (including any funds borrowed for investment) to municipal obligations. These investments are issued by or on behalf of U.S. states, territories, possessions, the District of Columbia, and their respective political subdivisions, agencies, or instrumentalities, with the interest income generally being exempt from regular federal income tax. While the fund's primary focus is on acquiring municipal obligations with maturities of ten years or more, it also has the option to invest in those with shorter maturities or earlier call provisions.
- What is the expense ratio of EVMBX?
- Eaton Vance AMT-Free Municipal Income I (EVMBX) charges an expense ratio of 0.58%. This is the annual fee deducted from fund assets to cover management and operations.
- What is EVMBX's dividend yield?
- EVMBX's trailing-twelve-month yield is 4.23%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of EVMBX?
- Effective duration measures EVMBX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. EVMBX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of EVMBX?
- EVMBX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of EVMBX?
- Yield to maturity (YTM) is the total return you'd earn from EVMBX if every bond in the portfolio is held to maturity at the current price. EVMBX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
