- ISIN
- US68246A8273
- CUSIP
- 68246A827
- Issuer
- 1290 Funds
- Inception Date
- Jul 5, 2015
- Category
- Multistrategy
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
TNMIX Performance Chart
1290 Multi-Alternative Strategies Fund (TNMIX) is up 9.3% since the beginning of the year. TNMIX is currently trading at $11 per share. Investors who bought $1,000 worth of TNMIX shares 5 years ago would now be looking at an investment worth $1,243.
Loading charts...
Returns By Period
1290 Multi-Alternative Strategies Fund (TNMIX) has returned 9.29% so far this year and 18.47% over the past 12 months. Over the last ten years, TNMIX has returned 4.10% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
1290 Multi-Alternative Strategies Fund
- 1D
- 0.35%
- 1M
- -0.87%
- YTD
- 9.29%
- 6M
- 8.67%
- 1Y
- 18.47%
- 3Y*
- 11.63%
- 5Y*
- 4.45%
- 10Y*
- 4.10%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
TNMIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, TNMIX's average daily return is +0.02%, while the average monthly return is +0.38%. At this rate, an investment would double in approximately 15.2 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, TNMIX 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 -4.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.21% | 3.31% | -2.14% | 4.09% | 0.52% | -0.87% | 9.29% | ||||||
| 2025 | 2.23% | -0.10% | -0.52% | 0.21% | 1.25% | 2.06% | 0.61% | 2.21% | 2.75% | 1.15% | 0.76% | 0.16% | 13.48% |
| 2024 | -0.23% | 1.26% | 3.17% | -1.32% | 1.56% | 0.77% | 1.20% | 1.50% | 2.12% | -1.04% | 1.99% | -2.00% | 9.21% |
| 2023 | 4.20% | -2.46% | -0.57% | 0.12% | -1.15% | 2.57% | 2.50% | -1.22% | -1.46% | -1.25% | 2.19% | 2.13% | 5.46% |
| 2022 | -2.22% | 0.52% | 1.13% | -3.14% | -1.36% | -3.61% | 1.98% | -1.51% | -4.82% | 0.92% | 2.40% | -1.77% | -11.18% |
| 2021 | 0.66% | 1.77% | -0.18% | 2.48% | 0.90% | 0.53% | -0.62% | 0.09% | -1.60% | 1.99% | -3.36% | 0.69% | 3.24% |
Benchmark Metrics
1290 Multi-Alternative Strategies Fund has an annualized alpha of 0.32%, beta of 0.30, and R2 of 0.59 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund participated in 40.77% of S&P 500 Index downside but only 30.61% 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
- 0.32%
- Beta
- 0.30
- R²
- 0.59
- Upside Capture
- 30.61%
- Downside Capture
- 40.77%
Expense Ratio
TNMIX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TNMIX ranks 82 for risk / return — in the top 82% 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 (TNMIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TNMIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.37 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 5.07 | 2.78 | +2.29 |
| Martin ratioReturn relative to average drawdown | 17.49 | 12.44 | +5.05 |
Dividends
Dividend History
1290 Multi-Alternative Strategies Fund provided a 1.99% dividend yield over the last twelve months, with an annual payout of $0.23 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.23 | $0.23 | $0.15 | $0.30 | $0.25 | $1.06 | $0.08 | $0.31 | $0.12 | $0.04 | $0.06 |
Dividend yield | 1.99% | 2.18% | 1.57% | 3.38% | 2.86% | 10.67% | 0.78% | 3.06% | 1.24% | 0.37% | 0.62% |
Monthly Dividends
The table displays the monthly dividend distributions for 1290 Multi-Alternative Strategies 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $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 | $0.23 | $0.23 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.06 | $1.06 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the 1290 Multi-Alternative Strategies 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 Multi-Alternative Strategies Fund was 17.21%, occurring on Mar 19, 2020. Recovery took 172 trading sessions.
The current 1290 Multi-Alternative Strategies Fund drawdown is 1.81%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -17.21%Mar 2020 | 1mo 28d | 8mo 6d | 10mo 4dJan 2020 - Nov 2020 |
Bear market2022 | -16.15%Oct 2022 | 1y 4mo | 2y 1mo | 3y 5moJun 2021 - Nov 2024 |
2025 selloff2025 | -7.17%Apr 2025 | 1mo 17d | 1mo 27d | 3mo 14dFeb 2025 - Jun 2025 |
Rate-hike selloffLate 2018 | -6.51%Dec 2018 | 10mo 29d | 6mo 20d | 1y 5moJan 2018 - Jul 2019 |
2026 pullback2026 | -3.63%Mar 2026 | 27d | 15d | 1mo 12dMar 2026 - Apr 2026 |
Drawdown Indicators
| TNMIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.21% | -56.78% | +39.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.63% | -9.10% | +5.47% |
Max Drawdown (3Y)Largest decline over 3 years | -7.17% | -18.90% | +11.73% |
Max Drawdown (5Y)Largest decline over 5 years | -16.00% | -25.43% | +9.43% |
Max Drawdown (10Y)Largest decline over 10 years | -17.21% | -33.92% | +16.71% |
Current DrawdownCurrent decline from peak | -1.81% | -1.80% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -10.71% | +6.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 2.03% | -0.98% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with TNMIX
Add 1290 Multi-Alternative Strategies Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with TNMIX