Morningstar

1290 High Yield Bond Fund Class I TNHIX

Morningstar Medalist Rating
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Medalist Rating as of See 1290 Funds Investment Hub
  • NAV / 1-Day Return $8.28  /  +0.03 %
  • Fund Size $98.5M
  • Adjusted Expense Ratio 0.750%
  • Net Expense Ratio 0.750%
  • Fee Level: Distribution Above Average
  • Share Class Type Institutional
  • Morningstar Category High Yield Bond
  • Fixed-Income Style Box (Funds) Low/Limited
  • Minimum Initial Investment $1M
  • Investment Status Open
  • TTM Yield 6.49%
  • Average Effective Duration 2.69 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis TNHIX

Will TNHIX outperform in the 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 TNHIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TNHIX 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 TNHIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

1290 High Yield Bond I holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

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Portfolio Holdings TNHIX

More TNHIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

JPMorgan Prime Money Market IM

3.25 3M
Cash and Equivalents

Summit Midstream Holdings, LLC / Summit Midstream Finance Corp. 9%

1.06 1M
Corporate

Aramark Services, Inc. 5%

1.04 1M
Corporate

NGL Energy Operating LLC/ NGL Energy Finance Corp 8%

0.94 926,706
Corporate

Cash

0.91 894,494
Cash and Equivalents

Rb Global Holdings Inc. 8%

0.87 857,664
Corporate

Mauser Packaging Solutions Holding Co. 9%

0.85 834,229
Corporate

Athenahealth Group Inc. 6%

0.84 826,740
Corporate

Neptune BidCo US Inc. 9%

0.81 803,644
Corporate

Caesars Entertainment Inc. 7%

0.81 800,919
Corporate

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