TNURX: 1290 Diversified Bond R

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TNURX 1290 Diversified Bond R


Profile

TNURX - Profile

Vitals

  • YTD Return -5.6%
  • 3 Yr Annualized Return -1.9%
  • 5 Yr Annualized Return N/A
  • Net Assets $112 M
  • Holdings in Top 10 64.3%

52 WEEK LOW AND HIGH

$9.40
$8.73
$10.44

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.88%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 194.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -5.6%
  • 3 Yr Annualized Total Return -1.9%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.51%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    1290 Diversified Bond Fund
  • Fund Family Name
    1290 Funds
  • Inception Date
    Jul 06, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kenneth Kozlowski

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in a diversified portfolio of U.S. and foreign bonds or other debt securities of varying maturities and other instruments that provide investment exposure to such debt securities, including forwards or derivatives such as options, futures contracts or swap agreements.


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Categories

Performance

TNURX - Performance

Return Ranking - Trailing

Period TNURX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.6% -21.0% 5.7% 90.80%
1 Yr -5.5% -22.3% 9.6% 95.34%
3 Yr -1.9%* -10.6% 4.7% 91.15%
5 Yr N/A* -8.7% 23.1% N/A
10 Yr N/A* -5.2% 11.8% N/A

* Annualized

Return Ranking - Calendar

Period TNURX Return Category Return Low Category Return High Rank in Category (%)
2019 1.8% -1.3% 13.9% 94.47%
2018 -1.5% -10.3% 2.7% 10.73%
2017 0.4% -2.0% 8.1% 82.72%
2016 1.0% -8.5% 192.8% 26.29%
2015 N/A -12.2% -0.2% N/A

Total Return Ranking - Trailing

Period TNURX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.6% -21.0% 5.7% 90.80%
1 Yr -5.5% -22.3% 9.6% 95.34%
3 Yr -1.9%* -10.6% 4.7% 91.67%
5 Yr N/A* -8.7% 27.3% N/A
10 Yr N/A* -5.2% 16.4% N/A

* Annualized

Total Return Ranking - Calendar

Period TNURX Return Category Return Low Category Return High Rank in Category (%)
2019 1.8% -1.2% 13.9% 94.47%
2018 -1.5% -10.3% 3.9% 28.29%
2017 0.4% -1.5% 8.4% 90.58%
2016 1.0% -4.6% 204.3% 55.43%
2015 N/A -12.2% 3.7% N/A

NAV & Total Return History


Holdings

TNURX - Holdings

Concentration Analysis

TNURX Category Low Category High TNURX % Rank
Net Assets 112 M 3.06 M 69.4 B 76.68%
Number of Holdings 76 5 7557 91.20%
Net Assets in Top 10 78.1 M 1.7 M 39.5 B 64.80%
Weighting of Top 10 64.31% 5.9% 98.5% 11.16%

Top 10 Holdings

  1. 5 Year Treasury Note Future Mar 20 13.08%
  2. United States Treasury Notes 1.84% 12.64%
  3. United States Treasury Notes 1.76% 10.31%
  4. United States Treasury Bonds 2.88% 6.16%
  5. United States Treasury Bonds 2.38% 5.95%
  6. Republic of South Africa 8.75% 4.43%
  7. Mexico (United Mexican States) 8% 3.92%
  8. JPMBB Commercial Mortgage Securities Trust 2015-C32 4.66% 2.87%
  9. ANGEL OAK MORTGAGE TRUST I LLC 2.72% 2.53%
  10. COMM MORTGAGE TRUST 4.53% 2.43%

Asset Allocation

Weighting Return Low Return High TNURX % Rank
Bonds
94.62% 58.17% 167.18% 57.37%
Cash
4.13% -74.25% 36.46% 44.80%
Convertible Bonds
1.25% 0.00% 6.52% 39.20%
Stocks
0.00% -1.45% 15.11% 37.05%
Preferred Stocks
0.00% 0.00% 2.42% 49.20%
Other
0.00% -23.25% 7.70% 29.60%

Bond Sector Breakdown

Weighting Return Low Return High TNURX % Rank
Government
63.66% 0.00% 93.09% 2.00%
Corporate
17.47% 0.00% 80.84% 75.20%
Securitized
14.60% 0.00% 91.34% 90.40%
Cash & Equivalents
4.13% -28.66% 39.45% 55.60%
Derivative
0.15% -0.04% 29.60% 41.20%
Municipal
0.00% 0.00% 25.21% 76.80%

Bond Geographic Breakdown

Weighting Return Low Return High TNURX % Rank
US
75.88% 29.48% 224.14% 72.40%
Non US
18.74% -165.97% 67.57% 30.40%

Expenses

TNURX - Expenses

Operational Fees

TNURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.88% 0.02% 37.25% 12.97%
Management Fee 0.60% 0.00% 0.96% 88.10%
12b-1 Fee 0.50% 0.00% 1.00% 70.68%
Administrative Fee 0.15% 0.03% 0.50% 63.96%

Sales Fees

TNURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

TNURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 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.

TNURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 194.00% 7.12% 684.00% 62.76%

Distributions

TNURX - Distributions

Dividend Yield Analysis

TNURX Category Low Category High TNURX % Rank
Dividend Yield 0.00% 0.00% 3.80% 43.48%

Dividend Distribution Analysis

TNURX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

TNURX Category Low Category High TNURX % Rank
Net Income Ratio 3.51% -0.35% 8.52% 12.08%

Capital Gain Distribution Analysis

TNURX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

TNURX - Fund Manager Analysis

Managers

Kenneth Kozlowski


Start Date

Tenure

Tenure Rank

Jul 06, 2015

4.65

4.7%

Kenneth T. Kozlowski, CFP, CHFC, CLU has served as Executive Vice President and Chief Investment Officer of FMG LLC since June 2012 and as Senior Vice President of AXA Equitable Life Insurance and as Senior Vice President of FMG LLC since May 2011. He served as Vice President of AXA Equitable from February 2001 to August 2011. He has served as Vice President of the Trust from June 2010 to present. Since 2003, Mr. Kozlowski has had primary responsibility for the asset allocation, fund selection and rebalancing of the funds of funds currently managed by FMG LLC and for the ETF Allocated Portions since May 25, 2007 and for the Fund of Funds Portion of the EQ/Quality Bond PLUS Portfolio since October 26, 2010. Mr. Kozlowski served as Chief Financial Officer and Treasurer of the Trust from 2002 to 2007.

Alwi Chan


Start Date

Tenure

Tenure Rank

Jul 06, 2015

4.65

4.7%

Alwi Chan, CFA has served as Senior Vice President and Deputy Chief Investment Officer of FMG LLC since June 2012 and as Lead Director of AXA Equitable since February 2007. He served as Vice President of FMG LLC from May 2011 to June 2012. Prior to that, he served as an Assistant Vice President (2005-2007) and Senior Investment Analyst (2002-2005) of AXA Equitable. He also has served as Vice President of the Trust since 2007.

Tracy Chen


Start Date

Tenure

Tenure Rank

Jun 15, 2018

1.71

1.7%

As a portfolio manager and head of structured credit, Tracy is responsible for conducting credit analysis on mortgage-backed and other structured securities, with special emphasis on collateralized mortgage obligations (CMOs), collateralized loan obligations (CLOs), and other structured products. She also monitors and analyzes the investment merits of global corporate debt issues. She joined the Firm in August 2008. Prior to joining Brandywine Global, she was with UBS Investment Bank as director of the fixed income valuation group (2006-2008), GMAC Mortgage Group as a mortgage pricing analyst (2003-2006), Deloitte Consulting as a senior corporate strategy consultant (2001-2003), and J&A Securities Ltd. in Shenzhen, China as an international corporate finance associate (1995-1999). Tracy earned an MBA with a concentration in Finance from Kenan-Flagler Business School at the University of North Carolina, an M.A. in American Studies from Sichuan University in Chengdu, China, and a B.A. in English for Scientific Purposes from University of Electronic Science & Technology of China in Chengdu, China. Tracy is a CFA® charterholder and earned the Chartered Alternative Investment Analyst (CAIA) charter in 2010. She was also published in the Spring 2007 edition of The Journal of Structured Finance.

Anujeet Sareen


Start Date

Tenure

Tenure Rank

Jun 15, 2018

1.71

1.7%

Anujeet Sareen is a portfolio manager for the Firm’s Global Fixed Income and related strategies. Prior to joining the Firm in 2016, Anujeet was a managing director of global fixed income and a global macro strategist, as well as chair of the Currency Strategy Group at Wellington Management in Boston. Over his 22-year career at Wellington (1994-2016), he held a variety of roles while cultivating extensive fixed income and currency management experience. Anujeet is a CFA® charterholder and earned a B.A. in Computer Science from Brown University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 27.18 5.58 5.43