1290 Convertible Securities Fund

Data updated: 2020-09-28

C000157852 — 1290 Convertible Securities Fund. Preferred / Convertible Bond · $23.16M AUM · 1.15% expense ratio. Holdings, fees, performance and SEC filings.

C000157852 Fund Overview

1290 Convertible Securities Fund is a US mutual fund managed by 1290 Funds, categorised as Preferred / Convertible Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

Type: US mutual fund
Manager: 1290 Funds
Category: Preferred / Convertible Bond
Assets under management: $23.16M
1-year return: 16.7%
SEC CIK: 0001605941
SEC series ID: S000049990
Share class ID: C000157852

C000157852 Investment Objective and Strategy

1290 Convertible Securities Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by 1290 Funds.

Investment objective

Seeks a high level of total return.

Principal investment strategy

Under normal market conditions, the Fund invests at least 80% of its net assets, plus borrowings for investment purposes, in a diversified portfolio of convertible securities. A convertible security is generally a bond, preferred stock or other security that may be converted within a specified period of time and at a pre-stated price or formula into common stock of the same or a different issuer. By investing in convertible securities, the Fund seeks the opportunity to participate in the capital appreciation of the underlying common stocks, while at the same time relying on the fixed income aspect of the convertible securities to provide current income and reduced price volatility. The Funds convertible securities may include investment grade securities (i.e., those securities that are rated at least BBB or higher by Standard & Poors Global Ratings (S&P) or Fitch Ratings, Ltd.

(Fitch), or Baa or higher by Moodys Investors Service, Inc. (Moodys)), below investment grade securities (commonly known as high yield or junk bonds) (i.e., those securities that are rated BB or lower by S&P or Fitch or Ba or lower by Moodys) or securities that are not rated by a securities rating organization. Many convertible securities are rated below investment grade and the Fund may invest up to 80% of its assets in securities that, at the time of purchase, are rated below investment grade or those that are not rated but deemed to be of comparable quality by the Funds investment adviser, 1290 Asset Managers (the Adviser), or sub-adviser, Palisade Capital Management, L.L.C. (the Sub-Adviser). Such investments may include debt obligations of distressed companies. The Fund may retain the common stock issued upon conversion to permit its orderly sale or for other purposes.

The Fund may invest in privately placed and restricted securities. The Fund may invest up to 15% of its net assets in illiquid securities and up to 10% of its net assets in securities of foreign issuers. The Fund invests primarily in convertible securities of U.S. companies of any size. The Sub-Adviser typically utilizes a quantitative screening process to identify convertible securities for potential investment. Once a security is identified, the Sub-Adviser evaluates the securitys characteristics such as structure, terms and liquidity, as well as quantitative factors such as fair value, expected equity participation, total return profile and implied credit spreads. The Sub-Adviser then engages in an in-depth analysis of those securities that satisfy prior screens to select investments, including analysis of such factors as the issuers management, financial condition and competitive position.

The Sub-Adviser may sell a security for a variety of reasons, including unexpected results (e.g., decrease in price) or changes in the credit assessment of the company (e.g., credit ratings) or to invest in other securities believed to offer superior investment opportunities. The Fund may engage in active and frequent trading to achieve its investment objective. Under normal circumstances, up to 20% of the Funds net assets may be invested in other securities including: (1) common stock, nonconvertible preferred stock and other equity instruments; (2) nonconvertible debt securities; and (3) short-term money market instruments, including certificates of deposit, commercial paper, U.S. Government securities and other income-producing cash equivalents. The Fund also may lend its portfolio securities to earn additional income.

C000157852 Performance

Total returns for C000157852 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	16.7%

C000157852 Risk Information

Risk metrics for C000157852, derived from monthly returns in SEC filings.

1-year volatility (annualised): 19.2%

C000157852 Costs and Fees

C000157852 costs about $115 per $10,000 invested per year in fund expenses.

Net expense ratio: 1.15%
Gross expense ratio: 1.99%
Portfolio turnover: 47%
Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000157852 Cashflows

Over the 12 months to 2020-07, 1290 Convertible Securities Fund had net inflows of $735.89K, from monthly SEC N-PORT filings.

Month	Net flow
2020-07	$291.97K
2020-06	−$343.87K
2020-05	−$435.38K
2020-04	−$53.63K
2020-03	−$101.09K
2020-02	$384.29K

C000157852 Debt Constituents

No individual debt constituents are reported in 1290 Convertible Securities Fund's latest SEC N-PORT filing.

C000157852 Prospectus and SEC Filings

Official 1290 Convertible Securities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Preferred / Convertible Bond funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.