Thompson Bond takes on outsize risk compared with short-term bond Morningstar Category peers, and it has broadened sector exposures without bolstering its already slim team’s size, warranting a People Pillar rating downgrade to Below Average from Average. The strategy earns a Morningstar Analyst Rating of Negative.
Will THOPX 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 THOPX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the THOPX 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 THOPX’s parent organization’s priorities and whether they’re in line with investors’ interests.