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Morningstar

BNY Mellon AMT-Free Municipal Bond A DMUAX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 13.33  /  0.08 %
  • Total Assets 1.0 Bil
  • Adj. Expense Ratio
    0.700%
  • Expense Ratio 0.680%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.25%
  • Effective Duration —

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 11:20 PM GMT+00:00

Morningstar’s Analysis DMUAX

Will DMUAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DMUAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the DMUAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of DMUAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A solid team with a consistent approach, but support staff turnover remains a concern.

Senior Analyst

Summary

| by Peter Marchese

BNY Mellon AMT-Free Municipal Bond benefits from experienced managers, but turnover on its underlying team, paired with a straightforward process, support a Morningstar Analyst Rating of Neutral for its cheapest shares. Its priciest share class is rated Negative.

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