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Morningstar

Pioneer AMT-Free Municipal C MNBCX Fund Analysis

Morningstar Analyst Rating
| Quantitative rating as of | See Amundi Investment Hub

Morningstar’s Analysis MNBCX

Will MNBCX 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 MNBCX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the MNBCX 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 MNBCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Pioneer AMT-Free Municipal C's Average Process and Parent pillars limit this strategy to a Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

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