BNY Mellon AMT-Free Municipal Bond benefits from experienced managers, but turnover on its underlying team, paired with a straightforward process, supports a Morningstar Analyst Rating of Neutral for its cheapest shares. Its priciest share class is rated Negative.
Will DMUAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of DMUAX’s parent organization’s priorities and whether they’re in line with investors’ interests.