1290 SmartBeta Equity Fund (TNBIX)
Under normal market conditions, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in equity securities. It invests primarily in equity securities of U.S. companies and foreign companies in developed markets. Equity securities in which the fund may invest include common stocks, preferred stocks, warrants, American Depositary Receipts and similar instruments.
Fund Info
US68246A8687
68246A868
Nov 11, 2014
$1,000,000
Large-Cap
Blend
Expense Ratio
TNBIX features an expense ratio of 0.85%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in 1290 SmartBeta Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
1290 SmartBeta Equity Fund had a return of 4.09% year-to-date (YTD) and 14.27% in the last 12 months. Over the past 10 years, 1290 SmartBeta Equity Fund had an annualized return of 7.84%, while the S&P 500 had an annualized return of 11.31%, indicating that 1290 SmartBeta Equity Fund did not perform as well as the benchmark.
TNBIX
4.09%
2.82%
2.21%
14.27%
7.84%
7.84%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of TNBIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.74% | 4.09% | |||||||||||
| 2024 | 1.14% | 3.45% | 2.59% | -3.70% | 4.31% | 1.95% | 2.30% | 3.53% | 1.96% | -2.33% | 4.41% | -6.54% | 13.15% |
| 2023 | 4.57% | -2.92% | 2.87% | 2.39% | -2.59% | 5.66% | 1.95% | -1.91% | -3.97% | -1.97% | 8.03% | 4.35% | 16.79% |
| 2022 | -5.05% | -3.28% | 2.88% | -6.52% | -0.13% | -6.59% | 6.41% | -4.02% | -8.23% | 7.83% | 7.33% | -4.27% | -14.43% |
| 2021 | -1.87% | 1.64% | 4.63% | 4.17% | 1.48% | 1.03% | 3.06% | 2.51% | -5.00% | 5.69% | -1.93% | -0.70% | 15.12% |
| 2020 | 0.37% | -7.90% | -11.67% | 8.45% | 4.80% | 1.50% | 4.75% | 5.06% | -2.26% | -3.19% | 9.72% | 2.63% | 10.46% |
| 2019 | 6.45% | 3.33% | 1.65% | 2.84% | -3.00% | 5.70% | 0.23% | -0.08% | 1.77% | 1.06% | 2.02% | 1.13% | 25.28% |
| 2018 | 4.23% | -4.53% | -1.15% | 0.33% | 0.49% | 0.08% | 3.12% | 1.51% | 0.94% | -5.98% | 2.89% | -10.38% | -9.06% |
| 2017 | 2.12% | 3.20% | 1.00% | 1.45% | 3.03% | -0.26% | 1.82% | 0.43% | 1.95% | 1.83% | 2.69% | -1.01% | 19.74% |
| 2016 | -3.02% | -0.62% | 6.27% | 0.79% | 0.58% | 0.97% | 2.59% | -0.84% | -0.19% | -2.84% | 0.58% | 2.00% | 6.11% |
| 2015 | -0.80% | 4.55% | -1.74% | 1.08% | 0.58% | -2.42% | 2.88% | -6.07% | -1.54% | 6.87% | -0.58% | -0.97% | 1.21% |
| 2014 | 1.70% | -1.55% | 0.13% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TNBIX is 70, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for 1290 SmartBeta Equity Fund (TNBIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
1290 SmartBeta Equity Fund provided a 1.18% dividend yield over the last twelve months, with an annual payout of $0.23 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.23 | $0.23 | $0.24 | $0.16 | $0.17 | $0.11 | $0.16 | $0.17 | $0.18 | $0.14 | $0.17 | $0.03 |
Dividend yield | 1.18% | 1.23% | 1.44% | 1.08% | 0.97% | 0.76% | 1.20% | 1.54% | 1.43% | 1.32% | 1.74% | 0.33% |
Monthly Dividends
The table displays the monthly dividend distributions for 1290 SmartBeta Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.23 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2014 | $0.03 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the 1290 SmartBeta Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the 1290 SmartBeta Equity Fund was 32.65%, occurring on Mar 23, 2020. Recovery took 111 trading sessions.
The current 1290 SmartBeta Equity Fund drawdown is 3.25%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.65% | Feb 20, 2020 | 23 | Mar 23, 2020 | 111 | Aug 28, 2020 | 134 |
| -26.5% | Dec 13, 2021 | 210 | Oct 12, 2022 | 342 | Feb 23, 2024 | 552 |
| -18.06% | Jan 29, 2018 | 229 | Dec 24, 2018 | 120 | Jun 18, 2019 | 349 |
| -11.25% | May 22, 2015 | 183 | Feb 11, 2016 | 46 | Apr 19, 2016 | 229 |
| -8.15% | Dec 5, 2024 | 24 | Jan 10, 2025 | — | — | — |
Volatility
Volatility Chart
The current 1290 SmartBeta Equity Fund volatility is 2.39%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.