The upcoming departure of Ashton Goodfield, lead manager for this strategy and head of the firm’s municipal bond team, has kicked up some dust, and time is needed to see how this change in leadership develops for DWS New York Tax Free Income. It earns a Morningstar Analyst Rating of Neutral for most share classes and a Negative rating for its more expensive C share class.
Morningstar’s Fund Analysis KNTCX
Will KNTCX 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 KNTCX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the KNTCX 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 KNTCX’s parent organization’s priorities and whether they’re in line with investors’ interests.