The recent departure of its longtime lead manager is a significant loss for BNY Mellon Natural Resources, but the current management team is respectable and is maintaining the investment process. The fund retains its Average People and Process Pillar ratings, and all of its share classes retain their Morningstar Analyst Ratings of Neutral.
Will DNLAX 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 DNLAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the DNLAX 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 DNLAX’s parent organization’s priorities and whether they’re in line with investors’ interests.