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Morningstar

Touchstone Flexible Income C FRACX

Morningstar Medalist Rating
Medalist Rating as of | See Touchstone Investments Investment Hub
  • NAV / 1-Day Return 9.69  /  0.10 %
  • Total Assets 879.3 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 1.910%
  • Distribution Fee Level High
  • Share Class Type Level Load
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.69%
  • Effective Duration 2.72 years

USD | NAV as of Jun 03, 2023 | 1-Day Return as of Jun 03, 2023, 12:08 AM GMT+0

Morningstar’s Analysis FRACX

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

People Pillar

The People Pillar is our evaluation of the FRACX 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 FRACX’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

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FRACX

More FRACX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 107
  • Other Holdings 55
  • % Assets in Top 10 Holdings 18.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Dreyfus Government Cash Mgmt Instl

6.71
57,923,020
Cash and Equivalents

United States Treasury Bills 5.13061%

5.72
49,353,521
Government

United States Treasury Bills 5.03711%

5.69
49,059,576
Government

United States Treasury Bills

4.56
39,365,774
Government

United States Treasury Bills 5.09546%

4.54
39,186,435
Government

United States Treasury Bills 4.67616%

2.88
24,840,191
Government

BP Capital Markets plc 4.875%

2.81
24,239,089
Corporate

Sempra 4.875%

2.81
24,205,025
Corporate

United States Treasury Bills 4.90592%

2.29
19,783,604
Government

The Charles Schwab Corporation 5.375%

2.26
19,490,075
Corporate