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.
Thompson Bond THOPX
NAV / 1-Day Return
10.90
/
0.09
%
Total Assets
2.4 Bil
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.
0.720%
Expense Ratio
0.720%
Fee Level
High
Longest Manager Tenure
12.97
years
Category
Short-Term Bond
Credit Quality / Interest Rate Sensitivity
Medium / LimitedMin. Initial Investment
250
Status
Open
TTM Yield
3.59%
Effective Duration
1.88
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 THOPX 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 THOPX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
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.
Parent Pillar
The Parent Pillar is our rating of THOPX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A slim team, pulled in too many directions, manages this aggressive short-term bond fund.
