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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in 1290 Multi-Alternative Strategies Fund Class A, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
1290 Multi-Alternative Strategies Fund Class A (TNMAX) has returned 4.02% so far this year and 15.92% over the past 12 months. Over the last ten years, TNMAX has returned 3.54% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
1290 Multi-Alternative Strategies Fund Class A
- 1D
- -0.09%
- 1M
- -3.38%
- YTD
- 4.02%
- 6M
- 6.14%
- 1Y
- 15.92%
- 3Y*
- 10.18%
- 5Y*
- 3.81%
- 10Y*
- 3.54%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jan 4, 2016, TNMAX's average daily return is +0.02%, while the average monthly return is +0.32%. At this rate, your investment would double in approximately 18.1 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +4.9%, while the worst month was Mar 2020 at -8.7%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.
On a daily basis, TNMAX closed higher 48% of trading days. The best single day was Apr 9, 2025 with a return of +3.3%, while the worst single day was Mar 16, 2020 at -4.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.12% | 3.40% | -3.38% | 4.02% | |||||||||
| 2025 | 2.13% | -0.10% | -0.42% | 0.10% | 1.26% | 2.07% | 0.51% | 2.22% | 2.76% | 1.15% | 0.76% | 0.11% | 13.21% |
| 2024 | -0.23% | 1.26% | 3.06% | -1.21% | 1.45% | 0.77% | 1.20% | 1.40% | 2.12% | -1.04% | 1.99% | -2.03% | 8.95% |
| 2023 | 4.08% | -2.58% | -0.57% | 0.12% | -1.15% | 2.57% | 2.51% | -1.33% | -1.46% | -1.14% | 2.08% | 2.11% | 5.08% |
| 2022 | -2.22% | 0.41% | 1.23% | -3.25% | -1.36% | -3.61% | 1.87% | -1.41% | -4.83% | 0.81% | 2.40% | -1.69% | -11.31% |
| 2021 | 0.66% | 1.68% | -0.18% | 2.48% | 0.90% | 0.53% | -0.71% | 0.18% | -1.69% | 1.90% | -3.28% | 0.64% | 3.00% |
Benchmark Metrics
1290 Multi-Alternative Strategies Fund Class A has an annualized alpha of 0.03%, beta of 0.30, and R² of 0.59 versus S&P 500 Index. Calculated based on daily prices since January 05, 2016.
- This fund participated in 41.27% of S&P 500 Index downside but only 29.99% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.30 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.03%
- Beta
- 0.30
- R²
- 0.59
- Upside Capture
- 29.99%
- Downside Capture
- 41.27%
Expense Ratio
TNMAX has a high expense ratio of 1.52%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
TNMAX ranks 91 for risk / return — in the top 91% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for 1290 Multi-Alternative Strategies Fund Class A (TNMAX) and compare them to a chosen benchmark (S&P 500 Index).
| TNMAX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.86 | 0.90 | +0.96 |
Sortino ratioReturn per unit of downside risk | 2.52 | 1.39 | +1.14 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.21 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 2.71 | 1.40 | +1.32 |
Martin ratioReturn relative to average drawdown | 13.65 | 6.61 | +7.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore TNMAX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
1290 Multi-Alternative Strategies Fund Class A provided a 1.86% dividend yield over the last twelve months, with an annual payout of $0.20 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.20 | $0.20 | $0.12 | $0.27 | $0.22 | $1.03 | $0.06 | $0.20 | $0.10 | $0.04 | $0.04 |
Dividend yield | 1.86% | 1.94% | 1.33% | 3.12% | 2.59% | 10.42% | 0.55% | 1.92% | 0.97% | 0.37% | 0.37% |
Monthly Dividends
The table displays the monthly dividend distributions for 1290 Multi-Alternative Strategies Fund Class A. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| 2025 | $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 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.03 | $1.03 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the 1290 Multi-Alternative Strategies Fund Class A. 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 Multi-Alternative Strategies Fund Class A was 17.29%, occurring on Mar 19, 2020. Recovery took 172 trading sessions.
The current 1290 Multi-Alternative Strategies Fund Class A drawdown is 3.64%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.29% | Jan 21, 2020 | 42 | Mar 19, 2020 | 172 | Nov 20, 2020 | 214 |
| -16.46% | Jun 11, 2021 | 340 | Oct 14, 2022 | 578 | Feb 5, 2025 | 918 |
| -7.27% | Feb 19, 2025 | 35 | Apr 8, 2025 | 39 | Jun 4, 2025 | 74 |
| -6.75% | Jan 25, 2018 | 231 | Dec 24, 2018 | 246 | Dec 16, 2019 | 477 |
| -3.64% | Mar 3, 2026 | 18 | Mar 26, 2026 | — | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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