TNUIX Fees and Costs — 1290 Diversified Bond Fund, Class I
Data updated: 2026-09-25
The net expense ratio is 0.50%: a 0.60% management fee plus 0.29% other expenses, less a 0.39% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $139K in broker commissions, 0.0235% of average net assets, and portfolio turnover was 208%.
TNUIX Fees and Expenses
Annual operating expenses and sales charges of TNUIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.29% |
| Gross expense ratio | 0.89% |
| Fee waiver | −0.39% |
| Net expense ratio | 0.50% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
TNUIX Costs Over Time
On $10,000 invested in TNUIX, assuming 5% a year before costs, total costs come to $331 over 5 years, cutting the return by 0.55% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $9 | $30 |
| Total costs | $55 | $181 | $331 |
| Value after costs | $10,445 | $11,395 | $12,432 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
TNUIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0235%
- Total broker commissions: $139K
- Bought from dealers (principal trades, not a cost): $3.7B
- Portfolio turnover (prospectus): 208%
- Securities on loan, average value: $1.3M
- Net income from securities lending: $3K (0.001% of average net assets)
TNUIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $101K | 72.14% |
| Morgan Stanley & Co. LLC | $39K | 27.86% |
TNUIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.7B | 50.56% |
| Citigroup Global Markets Inc. | $313.7M | 9.14% |
| Goldman Sachs & Co. LLC | $266.3M | 7.76% |
| HSBC Securities (USA) Inc. | $258.8M | 7.54% |
| BofA Securities, Inc. | $240.0M | 6.99% |
| BMO Capital Markets Corp. | $229.9M | 6.70% |
| Morgan Stanley & Co. LLC | $132.3M | 3.85% |
| Wells Fargo Securities, LLC | $107.9M | 3.14% |
| Barclays Capital, Inc. | $92.1M | 2.69% |
| Nomura Securities International, Inc. | $55.6M | 1.62% |
1290 Diversified Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TNUIX | Class I | 0.50% | none |
| TNUAX | Class A | 0.75% | 4.50% |
| TNURX | Class R | 1.00% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.