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Morningstar

Touchstone Flexible Income A FFSAX

Morningstar Medalist Rating
Medalist Rating as of | See Touchstone Investments Investment Hub
  • NAV / 1-Day Return 9.87  /  0.10 %
  • Total Assets 938.1 Mil
  • Adj. Expense Ratio
    1.200%
  • Expense Ratio 1.220%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.26%
  • Effective Duration 2.50 years

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 10:16 PM GMT+0

Morningstar’s Analysis FFSAX

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

People Pillar

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

True to its name, but flexibility adds risk here.

Analyst Saraja Samant

Saraja Samant

Analyst

Summary

An experienced trio runs Touchstone Flexible Income, using a wide-ranging mandate that often introduces risk with its sector shifts and concentrated bets. That risk, plus a recent portfolio manager departure and a relatively lean analyst team, are drawbacks. The strategy earns a Morningstar Analyst Rating of Neutral for its cheapest share classes and Negative for the more expensive C share class.

by Saraja Samant
Rated on Published on

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Portfolio Holdings FFSAX

More FFSAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 107
  • Other Holdings 48
  • % Assets in Top 10 Holdings 18.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Dreyfus Government Cash Mgmt Instl

13.43
117,709,778
Cash and Equivalents

United States Treasury Bills 5.43539%

8.93
78,268,250
Government

United States Treasury Bills 4.96334%

6.17
54,085,950
Government

United States Treasury Bills 5.02447%

5.60
49,117,194
Government

United States Treasury Bills 5.01402%

2.80
24,533,808
Government

BP Capital Markets plc 4.875%

2.77
24,245,757
Corporate

Sempra 4.875%

2.74
24,038,544
Corporate

LSTAR SECURITIES INVESTMENT LTD 2023-1 8.58%

2.34
20,473,993
Securitized

The Charles Schwab Corporation 5.375%

2.24
19,659,160
Corporate

Edison International 5.375%

1.57
13,736,834
Corporate