1290 Convertible Securities A
Name
As ofPrice
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-11.8%
1 yr return
-9.5%
3 Yr Avg Return
-1.1%
5 Yr Avg Return
0.4%
Net Assets
$23.2 M
Holdings in Top 10
20.0%
52 WEEK LOW AND HIGH
N/A
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.99%
SALES FEES
Front Load 4.50%
Deferred Load N/A
TRADING FEES
Turnover 47.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
TNFAX - Profile
Distributions
- YTD Total Return -11.8%
- 3 Yr Annualized Total Return -1.1%
- 5 Yr Annualized Total Return 0.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.87%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal Name1290 Convertible Securities Fund
-
Fund Family Name1290 Funds
-
Inception DateJul 06, 2015
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
Fund Description
TNFAX - Performance
Return Ranking - Trailing
| Period | TNFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -11.8% | -29.9% | 34.0% | 93.48% |
| 1 Yr | -9.5% | -30.3% | 32.1% | 93.28% |
| 3 Yr | -1.1%* | -13.2% | 11.8% | 80.51% |
| 5 Yr | 0.4%* | -8.3% | 10.1% | 76.19% |
| 10 Yr | N/A* | -2.5% | 8.8% | N/A |
* Annualized
Return Ranking - Calendar
| Period | TNFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 19.4% | -8.6% | 24.4% | 13.53% |
| 2022 | -10.4% | -15.3% | -2.5% | 67.23% |
| 2021 | 9.6% | -7.8% | 15.4% | 29.57% |
| 2020 | 3.5% | -2.1% | 14.2% | 37.84% |
| 2019 | N/A | -17.9% | 2.5% | N/A |
Total Return Ranking - Trailing
| Period | TNFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -11.8% | -29.9% | 34.0% | 93.48% |
| 1 Yr | -9.5% | -30.3% | 32.1% | 93.28% |
| 3 Yr | -1.1%* | -10.3% | 17.2% | 83.05% |
| 5 Yr | 0.4%* | -4.3% | 13.7% | 78.10% |
| 10 Yr | N/A* | 0.1% | 11.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | TNFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 19.4% | -8.6% | 24.4% | 13.53% |
| 2022 | -10.4% | -15.2% | 4.5% | 86.55% |
| 2021 | 9.6% | -1.0% | 18.4% | 56.52% |
| 2020 | 3.5% | -2.1% | 20.1% | 72.07% |
| 2019 | N/A | -17.2% | 6.2% | N/A |
TNFAX - Holdings
Concentration Analysis
| TNFAX | Category Low | Category High | TNFAX % Rank | |
|---|---|---|---|---|
| Net Assets | 23.2 M | 196 K | 9.94 B | 90.85% |
| Number of Holdings | 135 | 38 | 373 | 37.32% |
| Net Assets in Top 10 | 5.51 M | 106 K | 1.01 B | 90.85% |
| Weighting of Top 10 | 20.03% | 11.7% | 72.4% | 57.04% |
Top 10 Holdings
- Broadcom Inc 8% PRF CONVERT 30/09/2022 USD 1000 Ser A 2.94%
- Microchip Technology Incorporated 1.63% 2.60%
- Square Inc 0.5% 2.17%
- Splunk Inc 0.5% 2.08%
- DexCom Inc 0.75% 1.79%
- Etsy Inc 0% 1.77%
- Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- 1.74%
- Microchip Technology Incorporated 1.63% 1.71%
- NextEra Energy Inc Unit 1.62%
- EXACT SCIENCES CORPORATION 1% 1.60%
Asset Allocation
| Weighting | Return Low | Return High | TNFAX % Rank | |
|---|---|---|---|---|
| Convertible Bonds | 77.87% | 0.00% | 108.22% | 32.39% |
| Preferred Stocks | 13.79% | 0.00% | 73.28% | 47.18% |
| Cash | 4.52% | 0.00% | 15.79% | 18.31% |
| Stocks | 3.82% | -0.82% | 26.36% | 45.77% |
| Other | 0.00% | 0.00% | 13.70% | 62.68% |
| Bonds | 0.00% | -14.80% | 70.12% | 67.61% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TNFAX % Rank | |
|---|---|---|---|---|
| Utilities | 73.66% | 0.00% | 100.00% | 18.26% |
| Healthcare | 17.11% | 0.00% | 33.70% | 14.78% |
| Financial Services | 9.23% | 0.00% | 100.00% | 27.83% |
| Technology | 0.00% | 0.00% | 32.10% | 50.43% |
| Real Estate | 0.00% | 0.00% | 100.00% | 50.43% |
| Industrials | 0.00% | 0.00% | 43.93% | 77.39% |
| Energy | 0.00% | 0.00% | 29.20% | 40.87% |
| Communication Services | 0.00% | 0.00% | 14.18% | 35.65% |
| Consumer Defense | 0.00% | 0.00% | 9.44% | 34.78% |
| Consumer Cyclical | 0.00% | 0.00% | 1.63% | 31.30% |
| Basic Materials | 0.00% | 0.00% | 25.53% | 37.39% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TNFAX % Rank | |
|---|---|---|---|---|
| US | 3.82% | -0.82% | 26.36% | 45.77% |
| Non US | 0.00% | 0.00% | 2.78% | 47.18% |
TNFAX - Expenses
Operational Fees
| TNFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.99% | 0.41% | 94.07% | 18.25% |
| Management Fee | 0.70% | 0.00% | 1.42% | 50.00% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 30.53% |
| Administrative Fee | 0.15% | 0.01% | 0.55% | 78.95% |
Sales Fees
| TNFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 4.50% | 2.00% | 5.75% | 55.17% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| TNFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| TNFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 47.00% | 5.00% | 175.00% | 40.14% |
TNFAX - Distributions
Dividend Yield Analysis
| TNFAX | Category Low | Category High | TNFAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.47% | 28.17% |
Dividend Distribution Analysis
| TNFAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| TNFAX | Category Low | Category High | TNFAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.87% | -0.26% | 8.41% | 83.94% |
Capital Gain Distribution Analysis
| TNFAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 13, 2018 | $0.144 | |
| Dec 14, 2017 | $0.129 | |
| Dec 16, 2016 | $0.024 |