1290 Diversified Bond Fund Class I

Frequently Asked Questions About TNUIX

What does TNUIX invest in?

Under ordinary market conditions, this fund commits at least 80% of its net assets, along with any borrowed capital for investment, to a wide-ranging selection of U.S. and international fixed-income securities. This portfolio includes bonds and other debt instruments possessing diverse maturity periods. Furthermore, the fund may employ other financial instruments to gain exposure to these debt markets, such as derivative contracts like forwards, options, futures agreements, or swaps.

What is the expense ratio of TNUIX?

1290 Diversified Bond Fund Class I (TNUIX) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations.

What is TNUIX's dividend yield?

TNUIX's trailing-twelve-month yield is 5.24%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of TNUIX?

Effective duration measures TNUIX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. TNUIX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of TNUIX?

TNUIX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of TNUIX?

Yield to maturity (YTM) is the total return you'd earn from TNUIX if every bond in the portfolio is held to maturity at the current price. TNUIX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.