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1290 High Yield Bond Fund (TNHIX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US68246A7028

CUSIP

68246A702

Issuer

1290 Funds

Inception Date

Nov 12, 2014

Min. Investment

$1,000,000

Asset Class

Bond

Expense Ratio

TNHIX has a high expense ratio of 1.18%, indicating higher-than-average management fees.


Expense ratio chart for TNHIX: current value at 1.18% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.18%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
TNHIX vs. SCHJ TNHIX vs. MTCIX
Popular comparisons:
TNHIX vs. SCHJ TNHIX vs. MTCIX

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in 1290 High Yield Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
4.91%
7.29%
TNHIX (1290 High Yield Bond Fund)
Benchmark (^GSPC)

Returns By Period

1290 High Yield Bond Fund had a return of 7.98% year-to-date (YTD) and 8.76% in the last 12 months. Over the past 10 years, 1290 High Yield Bond Fund had an annualized return of 4.78%, while the S&P 500 had an annualized return of 11.01%, indicating that 1290 High Yield Bond Fund did not perform as well as the benchmark.


TNHIX

YTD

7.98%

1M

0.04%

6M

4.91%

1Y

8.76%

5Y*

4.12%

10Y*

4.78%

^GSPC (Benchmark)

YTD

23.11%

1M

-0.36%

6M

7.02%

1Y

23.15%

5Y*

12.80%

10Y*

11.01%

Monthly Returns

The table below presents the monthly returns of TNHIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.25%0.26%1.12%-0.74%1.05%1.10%1.79%1.70%1.22%-0.51%1.10%7.98%
20233.62%-1.50%1.19%0.99%-0.82%1.25%1.29%0.16%-0.98%-1.41%4.41%3.55%12.16%
2022-2.16%-1.10%-0.45%-3.00%-0.38%-6.32%5.72%-1.48%-4.23%3.10%1.25%-0.32%-9.49%
20210.22%0.25%0.34%0.70%0.19%0.91%0.18%0.27%0.15%-0.25%-0.59%1.66%4.10%
20200.01%-1.13%-9.17%3.55%4.67%0.56%3.79%0.87%-0.35%0.44%2.98%1.37%7.08%
20194.08%1.42%1.07%1.32%-1.05%1.56%0.46%0.23%0.55%0.14%0.57%1.78%12.73%
20180.57%-0.67%-0.36%0.45%-0.18%0.22%0.91%0.56%0.54%-1.29%-0.77%-1.97%-2.00%
20171.29%1.72%-0.13%1.09%0.90%0.12%1.00%-0.20%0.65%0.47%-0.10%0.44%7.47%
2016-1.86%0.46%3.92%3.15%0.37%0.91%2.02%1.65%0.83%0.31%0.29%2.01%14.86%
20150.26%2.58%-0.20%1.16%0.47%-1.10%-0.97%-1.75%-2.67%2.51%-1.82%-3.42%-5.04%
2014-1.31%-1.21%-2.50%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 96, TNHIX is among the top 4% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of TNHIX is 9696
Overall Rank
The Sharpe Ratio Rank of TNHIX is 9797
Sharpe Ratio Rank
The Sortino Ratio Rank of TNHIX is 9696
Sortino Ratio Rank
The Omega Ratio Rank of TNHIX is 9696
Omega Ratio Rank
The Calmar Ratio Rank of TNHIX is 9696
Calmar Ratio Rank
The Martin Ratio Rank of TNHIX is 9696
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for 1290 High Yield Bond Fund (TNHIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for TNHIX, currently valued at 3.30, compared to the broader market-1.000.001.002.003.004.003.301.90
The chart of Sortino ratio for TNHIX, currently valued at 4.68, compared to the broader market-2.000.002.004.006.008.0010.004.682.54
The chart of Omega ratio for TNHIX, currently valued at 1.75, compared to the broader market0.501.001.502.002.503.003.501.751.35
The chart of Calmar ratio for TNHIX, currently valued at 5.81, compared to the broader market0.005.0010.0015.005.812.81
The chart of Martin ratio for TNHIX, currently valued at 25.12, compared to the broader market0.0020.0040.0060.0025.1212.39
TNHIX
^GSPC

The current 1290 High Yield Bond Fund Sharpe ratio is 3.30. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of 1290 High Yield Bond Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.002.003.004.005.00JulyAugustSeptemberOctoberNovemberDecember
3.30
1.90
TNHIX (1290 High Yield Bond Fund)
Benchmark (^GSPC)

Dividends

Dividend History

1290 High Yield Bond Fund provided a 5.85% dividend yield over the last twelve months, with an annual payout of $0.50 per share. The fund has been increasing its distributions for 2 consecutive years.


0.00%2.00%4.00%6.00%8.00%$0.00$0.10$0.20$0.30$0.40$0.50$0.60$0.702014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM2023202220212020201920182017201620152014
Dividend$0.50$0.50$0.47$0.44$0.49$0.51$0.51$0.51$0.59$0.67$0.09

Dividend yield

5.85%6.01%5.89%4.77%5.19%5.51%5.84%5.47%6.40%7.85%0.93%

Monthly Dividends

The table displays the monthly dividend distributions for 1290 High Yield Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.05$0.04$0.04$0.05$0.05$0.04$0.05$0.04$0.04$0.05$0.04$0.00$0.50
2023$0.04$0.04$0.05$0.04$0.04$0.04$0.04$0.04$0.04$0.05$0.05$0.04$0.50
2022$0.05$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.05$0.47
2021$0.06$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.04$0.04$0.02$0.44
2020$0.07$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.02$0.49
2019$0.08$0.04$0.05$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.01$0.51
2018$0.08$0.04$0.05$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.01$0.51
2017$0.09$0.04$0.05$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.00$0.51
2016$0.10$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.00$0.59
2015$0.05$0.05$0.06$0.05$0.06$0.05$0.06$0.05$0.05$0.06$0.05$0.09$0.67
2014$0.02$0.07$0.09

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.93%
-3.58%
TNHIX (1290 High Yield Bond Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the 1290 High Yield Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the 1290 High Yield Bond Fund was 17.11%, occurring on Mar 23, 2020. Recovery took 84 trading sessions.

The current 1290 High Yield Bond Fund drawdown is 0.93%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-17.11%Feb 24, 202021Mar 23, 202084Jul 22, 2020105
-13.34%Jun 2, 2015177Feb 11, 2016124Aug 9, 2016301
-13.18%Dec 29, 2021190Sep 29, 2022304Dec 14, 2023494
-4.82%Nov 13, 201423Dec 16, 201448Feb 26, 201571
-4.52%Oct 4, 201856Dec 24, 201828Feb 5, 201984

Volatility

Volatility Chart

The current 1290 High Yield Bond Fund volatility is 0.96%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
0.96%
3.64%
TNHIX (1290 High Yield Bond Fund)
Benchmark (^GSPC)
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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