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
| ISIN | US68246A8687 |
|---|---|
| CUSIP | 68246A868 |
| Issuer | 1290 Funds |
| Inception Date | Nov 11, 2014 |
| Category | Global Equities |
| Min. Investment | $1,000,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
TNBIX features an expense ratio of 0.85%, falling within the medium range.
Share Price Chart
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Popular comparisons: TNBIX vs. GSLC
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 16.38% year-to-date (YTD) and 24.53% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 16.38% | 17.79% |
| 1 month | 1.47% | 0.18% |
| 6 months | 8.60% | 7.53% |
| 1 year | 24.53% | 26.42% |
| 5 years (annualized) | 10.86% | 13.48% |
| 10 years (annualized) | N/A | 10.85% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.14% | 3.45% | 2.59% | -3.70% | 3.26% | 2.99% | 2.30% | 3.53% | 16.38% | ||||
| 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% | -4.26% | -14.43% |
| 2021 | -1.87% | 1.64% | 4.63% | 4.17% | 1.48% | 1.03% | 3.06% | 2.51% | -5.00% | 5.68% | -1.93% | 5.96% | 22.84% |
| 2020 | 0.37% | -7.89% | -11.67% | 8.45% | 4.81% | 1.50% | 4.75% | 5.06% | -2.26% | -3.19% | 9.72% | 3.21% | 11.09% |
| 2019 | 6.45% | 3.33% | 1.65% | 2.84% | -3.00% | 5.70% | 0.23% | -0.08% | 1.77% | 1.06% | 2.02% | 2.23% | 26.65% |
| 2018 | 4.23% | -4.53% | -1.15% | 0.33% | 0.49% | 0.08% | 3.12% | 1.51% | 0.94% | -5.98% | 2.89% | -7.02% | -5.66% |
| 2017 | 2.11% | 3.20% | 1.00% | 1.45% | 3.03% | -0.26% | 1.82% | 0.43% | 1.95% | 1.83% | 2.69% | 0.56% | 21.64% |
| 2016 | -3.02% | -0.62% | 6.27% | 0.79% | 0.59% | 0.97% | 2.59% | -0.84% | -0.19% | -2.84% | 0.59% | 2.00% | 6.11% |
| 2015 | -0.80% | 4.55% | -1.74% | 1.08% | 0.58% | -2.42% | 2.87% | -6.07% | -1.54% | 6.88% | -0.58% | -0.97% | 1.21% |
| 2014 | 1.70% | -1.55% | 0.13% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of TNBIX is 81, placing it in the top 19% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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 granted a 1.24% dividend yield in the last twelve months. The annual payout for that period amounted to $0.24 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.24 | $0.24 | $0.16 | $1.27 | $0.20 | $0.31 | $0.60 | $0.37 | $0.14 | $0.17 | $0.03 |
Dividend yield | 1.24% | 1.45% | 1.08% | 7.47% | 1.31% | 2.27% | 5.45% | 3.01% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 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 | $1.27 | $1.27 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.60 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
| 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 0.62%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.65% | Feb 20, 2020 | 23 | Mar 23, 2020 | 111 | Aug 28, 2020 | 134 |
| -23.13% | Dec 30, 2021 | 198 | Oct 12, 2022 | 294 | Dec 13, 2023 | 492 |
| -15% | Jan 29, 2018 | 229 | Dec 24, 2018 | 66 | Apr 1, 2019 | 295 |
| -11.25% | May 22, 2015 | 183 | Feb 11, 2016 | 46 | Apr 19, 2016 | 229 |
| -7.09% | Sep 3, 2020 | 41 | Oct 30, 2020 | 6 | Nov 9, 2020 | 47 |
Volatility
Volatility Chart
The current 1290 SmartBeta Equity Fund volatility is 3.00%, 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.