Touchstone Flexible Income’s wide-ranging mandate, which often features concentrated bets, is at odds with its relatively small team. Its cheapest share classes earn a Morningstar Analyst Rating of Neutral, while its more expensive offering is rated Negative.
Will FRACX 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 FRACX’s performance objective and investment process is for both security selection and portfolio construction.
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.
The Parent Pillar is our rating of FRACX’s parent organization’s priorities and whether they’re in line with investors’ interests.