1290 High Yield Bond Fund (TNHIX)
Normally, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in a broad range of high-yield, below investment-grade bonds. The advisor expected that the fund will invest primarily in high-yield corporate bonds as well as floating rate loans, and participations in and assignments of loans.
Fund Info
| ISIN | US68246A7028 |
|---|---|
| CUSIP | 68246A702 |
| Issuer | 1290 Funds |
| Inception Date | Nov 12, 2014 |
| Category | High Yield Bonds |
| 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.
Share Price Chart
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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.
Returns By Period
1290 High Yield Bond Fund had a return of 8.07% year-to-date (YTD) and 13.10% in the last 12 months. Over the past 10 years, 1290 High Yield Bond Fund had an annualized return of 4.51%, while the S&P 500 had an annualized return of 11.39%, indicating that 1290 High Yield Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.07% | 25.48% |
| 1 month | 0.55% | 2.14% |
| 6 months | 5.84% | 12.76% |
| 1 year | 13.10% | 33.14% |
| 5 years (annualized) | 4.57% | 13.96% |
| 10 years (annualized) | 4.51% | 11.39% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.25% | 0.26% | 1.12% | -0.74% | 1.05% | 1.10% | 1.79% | 1.69% | 1.22% | -0.51% | 8.07% | ||
| 2023 | 3.62% | -1.50% | 1.19% | 0.99% | -0.81% | 1.25% | 1.29% | 0.16% | -0.97% | -1.40% | 4.41% | 3.57% | 12.20% |
| 2022 | -2.16% | -1.10% | -0.45% | -3.01% | -0.37% | -6.32% | 5.71% | -1.48% | -4.23% | 3.09% | 1.26% | -0.32% | -9.49% |
| 2021 | 0.23% | 0.25% | 0.33% | 0.70% | 0.19% | 0.91% | 0.18% | 0.27% | 0.15% | -0.25% | -0.60% | 1.66% | 4.09% |
| 2020 | 0.01% | -1.13% | -9.16% | 3.55% | 4.67% | 0.56% | 3.78% | 0.86% | -0.35% | 0.44% | 2.99% | 1.38% | 7.09% |
| 2019 | 4.08% | 1.42% | 1.07% | 1.33% | -1.05% | 1.56% | 0.46% | 0.23% | 0.55% | 0.13% | 0.56% | 1.79% | 12.73% |
| 2018 | 0.57% | -0.67% | -0.36% | 0.45% | -0.18% | 0.22% | 0.91% | 0.56% | 0.54% | -1.28% | -0.77% | -1.97% | -2.00% |
| 2017 | 1.29% | 1.72% | -0.13% | 1.09% | 0.90% | 0.12% | 1.00% | -0.20% | 0.66% | 0.47% | -0.10% | 0.44% | 7.47% |
| 2016 | -1.86% | 0.46% | 3.92% | 3.15% | 0.37% | 0.90% | 2.02% | 1.65% | 0.83% | 0.31% | 0.29% | 2.01% | 14.86% |
| 2015 | 0.26% | 2.58% | -0.20% | 1.16% | 0.47% | -1.10% | -0.97% | -1.75% | -2.67% | 2.51% | -1.83% | -3.41% | -5.04% |
| 2014 | -1.31% | -1.21% | -2.51% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of TNHIX is 96, placing it in the top 4% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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.
Dividends
Dividend History
1290 High Yield Bond Fund provided a 6.29% dividend yield over the last twelve months, with an annual payout of $0.54 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.54 | $0.50 | $0.47 | $0.44 | $0.49 | $0.51 | $0.51 | $0.51 | $0.59 | $0.67 | $0.09 |
Dividend yield | 6.29% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.00 | $0.45 | |
| 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.
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 17.10%, occurring on Mar 23, 2020. Recovery took 84 trading sessions.
The current 1290 High Yield Bond Fund drawdown is 0.12%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.1% | Feb 24, 2020 | 21 | Mar 23, 2020 | 84 | Jul 22, 2020 | 105 |
| -13.34% | Jun 2, 2015 | 177 | Feb 11, 2016 | 124 | Aug 9, 2016 | 301 |
| -13.18% | Dec 29, 2021 | 190 | Sep 29, 2022 | 304 | Dec 14, 2023 | 494 |
| -4.82% | Nov 13, 2014 | 23 | Dec 16, 2014 | 48 | Feb 26, 2015 | 71 |
| -4.52% | Oct 4, 2018 | 56 | Dec 24, 2018 | 28 | Feb 5, 2019 | 84 |
Volatility
Volatility Chart
The current 1290 High Yield Bond Fund volatility is 0.63%, 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.