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BNY Mellon AMT-Free Municipal Bond A DMUAX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
14.88  /  0.01 %
Total Assets
1.4 Bil
Adj. Expense Ratio
0.700%
Expense Ratio
0.700%
Fee Level
Below Average
Longest Manager Tenure
9.35 years
Category
Muni National Interm
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
1,000
Status
Open
TTM Yield
2.01%
Effective Duration
6.82 years

USD | NAV as of Jun 11, 2021 | 1-Day Return as of Jun 11, 2021, 9:10 PM GMT+00:00

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Morningstar’s Analysis

Will DMUAX outperform in future?

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

Process Pillar

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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

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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

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

An intermediate offering that often looks further along the curve to find success.

Analyst

Summary

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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.

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