Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
1290 High Yield Bond T TNHCX
- NAV / 1-Day Return 8.24 / −0.07 %
- Total Assets 68.1 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.000%
- Distribution Fee Level Average
- Share Class Type Front Load
- Category High Yield Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 6.20%
- Effective Duration 3.01 years
USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 3:08 AM GMT+0
Morningstar’s Analysis TNHCX
Will TNHCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 9.3
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Jp Morgan Prime Var 12/50 | 1.53 | 1.0 Mil | — |
Cash | 1.35 | 895,000 | Cash and Equivalents |
ABE Investment Holdings Inc./Getty Images Inc 10% | 1.00 | 664,660 | Corporate |
Mauser Packaging Solutions Holding Co. 9% | 0.98 | 651,575 | Corporate |
Illuminate Buyer Llc / Illuminate Holdings IV Inc 9% | 0.97 | 645,721 | Corporate |
Verscend Escrow Corp 10% | 0.95 | 632,262 | Corporate |
Matthews International Corp 5% | 0.95 | 631,758 | Corporate |
Zoominfo Technologies Llc /Zoominfo Financial Corporation 4% | 0.86 | 569,415 | Corporate |
Watco Companies, L.L.C. / Watco Finance Corp. 6% | 0.74 | 491,054 | Corporate |
Kinetik Holdings LP 6% | 0.70 | 467,025 | Corporate |