An experienced but relatively lean team manages Touchstone Flexible Income’s wide-ranging mandate which often introduces risk with its broad sector shifts and concentrated bets. It earns a Morningstar Analyst Rating of Neutral for its cheapest share classes and a Negative rating for the more expensive C share class.
Touchstone Flexible Income Y MXIIX
NAV / 1-Day Return
11.04
/
0.00
Total Assets
904.4 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.860%
Expense Ratio
0.860%
Fee Level
Average
Longest Manager Tenure
3.15
years
Category
Multisector Bond
Credit Quality / Interest Rate Sensitivity
Medium / LimitedMin. Initial Investment
2,500
Status
Open
TTM Yield
3.49%
Effective Duration
3.20
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will MXIIX 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 MXIIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the MXIIX 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 MXIIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A flexible approach and a lean team fails to provide an edge to this strategy.
