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Morningstar

Touchstone Flexible Income Y MXIIX

Morningstar Analyst Rating
Analyst rating as of | See Touchstone Investments Investment Hub
  • NAV / 1-Day Return 10.07  /  0.20 %
  • Total Assets 814.0 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.910%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.16%
  • Effective Duration 2.13 years

USD | NAV as of Feb 06, 2023 | 1-Day Return as of Feb 06, 2023, 11:32 PM GMT+00:00

Morningstar’s Analysis MXIIX

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.

True to its name, but flexibility adds risk here.

Analyst

Summary

| by Saraja Samant

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.

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