- ISIN
- US68246A7028
- CUSIP
- 68246A702
- Issuer
- 1290 Funds
- Inception Date
- Nov 12, 2014
- Category
- High Yield Bonds
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
TNHIX Performance Chart
1290 High Yield Bond Fund (TNHIX) is up 1.3% since the beginning of the year. TNHIX is currently trading at $8 per share. Investors who bought $1,000 worth of TNHIX shares 5 years ago would now be looking at an investment worth $1,210.
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Returns By Period
1290 High Yield Bond Fund (TNHIX) has returned 1.27% so far this year and 5.50% over the past 12 months. Over the last ten years, TNHIX has returned 4.87% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
1290 High Yield Bond Fund
- 1D
- -0.12%
- 1M
- 0.77%
- YTD
- 1.27%
- 6M
- 1.50%
- 1Y
- 5.50%
- 3Y*
- 7.95%
- 5Y*
- 3.88%
- 10Y*
- 4.87%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
TNHIX Monthly Returns History
Based on dividend-adjusted daily data since Nov 28, 2014, TNHIX's average daily return is +0.01%, while the average monthly return is +0.28%. At this rate, an investment would double in approximately 20.7 years.
Historically, 64% of months were positive and 36% were negative. The best month was Jul 2022 with a return of +5.7%, while the worst month was Mar 2020 at -9.2%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.
On a daily basis, TNHIX closed higher 42% of trading days. The best single day was Mar 26, 2020 with a return of +3.5%, while the worst single day was Mar 19, 2020 at -4.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.01% | 0.11% | -1.06% | 1.47% | 0.65% | 0.12% | 1.27% | ||||||
| 2025 | 1.16% | 0.58% | -1.18% | 0.28% | 1.88% | 1.93% | 0.31% | 0.89% | 0.61% | 0.07% | 0.53% | 0.71% | 8.03% |
| 2024 | 0.25% | 0.26% | 1.12% | -0.74% | 1.05% | 1.10% | 1.79% | 1.69% | 1.22% | 0.32% | 0.27% | -0.44% | 8.13% |
| 2023 | 3.62% | -1.50% | 1.19% | 0.99% | -0.81% | 1.25% | 1.29% | 0.16% | -0.98% | -2.01% | 4.41% | 3.57% | 11.51% |
| 2022 | -2.16% | -1.10% | -0.45% | -3.00% | -0.38% | -6.32% | 5.72% | -1.48% | -4.67% | 3.10% | 1.26% | -0.32% | -9.91% |
| 2021 | 0.22% | 0.25% | 0.34% | 0.70% | 0.19% | 0.91% | 0.18% | 0.27% | 0.15% | -0.25% | -0.59% | 1.64% | 4.08% |
Benchmark Metrics
1290 High Yield Bond Fund has an annualized alpha of 1.79%, beta of 0.12, and R2 of 0.20 versus S&P 500 Index. Calculated based on daily prices since November 28, 2014.
- This fund participated in 37.58% of S&P 500 Index downside but only 26.65% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.12 may look defensive, but with R2 of 0.20 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.20 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.79%
- Beta
- 0.12
- R²
- 0.20
- Upside Capture
- 26.65%
- Downside Capture
- 37.58%
Expense Ratio
TNHIX has a high expense ratio of 1.18%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
TNHIX ranks 64 for risk / return — better than 64% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for 1290 High Yield Bond Fund (TNHIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TNHIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 2.78 | -0.05 |
| Martin ratioReturn relative to average drawdown | 12.80 | 12.44 | +0.36 |
Dividends
Dividend History
1290 High Yield Bond Fund provided a 6.35% dividend yield over the last twelve months, with an annual payout of $0.54 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.54 | $0.54 | $0.54 | $0.45 | $0.43 | $0.44 | $0.48 | $0.51 | $0.51 | $0.34 | $0.00 |
Dividend yield | 6.35% | 6.29% | 6.37% | 5.43% | 5.44% | 4.76% | 5.16% | 5.51% | 5.84% | 3.62% | 0.01% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.00 | $0.23 | ||||||
| 2025 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.54 |
| 2024 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.54 |
| 2023 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.05 | $0.04 | $0.45 |
| 2022 | $0.05 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.04 | $0.04 | $0.05 | $0.43 |
| 2021 | $0.06 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.02 | $0.44 |
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.
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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 18.62%, occurring on Feb 11, 2016. Recovery took 664 trading sessions.
The current 1290 High Yield Bond Fund drawdown is 0.24%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2016 correction2016 | -18.62%Feb 2016 | 9mo 17d | 2y 7mo | 3y 5moApr 2015 - Oct 2018 |
COVID crash2020 | -17.00%Mar 2020 | 29d | 4mo | 4mo 29dFeb 2020 - Jul 2020 |
Bear market2022 | -13.52%Sep 2022 | 9mo 5d | 1y 2mo | 1y 12moDec 2021 - Dec 2023 |
Rate-hike selloffLate 2018 | -4.52%Dec 2018 | 2mo 21d | 1mo 13d | 4mo 4dOct 2018 - Feb 2019 |
2025 selloff2025 | -3.65%Apr 2025 | 1mo 10d | 1mo 3d | 2mo 13dFeb 2025 - May 2025 |
Drawdown Indicators
| TNHIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.62% | -56.78% | +38.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -9.10% | +6.99% |
Max Drawdown (3Y)Largest decline over 3 years | -3.65% | -18.90% | +15.25% |
Max Drawdown (5Y)Largest decline over 5 years | -13.52% | -25.43% | +11.91% |
Max Drawdown (10Y)Largest decline over 10 years | -17.00% | -33.92% | +16.92% |
Current DrawdownCurrent decline from peak | -0.24% | -1.80% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -10.71% | +7.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 2.03% | -1.58% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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