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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, 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 (TNMIX) has returned 4.12% so far this year and 16.29% over the past 12 months. Over the last ten years, TNMIX has returned 3.87% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
1290 Multi-Alternative Strategies Fund
- 1D
- -0.09%
- 1M
- -3.29%
- YTD
- 4.12%
- 6M
- 6.28%
- 1Y
- 16.29%
- 3Y*
- 10.43%
- 5Y*
- 4.06%
- 10Y*
- 3.87%
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, TNMIX's average daily return is +0.02%, while the average monthly return is +0.35%. At this rate, your investment would double in approximately 16.5 years.
Historically, 64% of months were positive and 36% 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% | -3.29% | 4.12% | |||||||||
| 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 0.33%, 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 41.06% of S&P 500 Index downside but only 30.98% 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
- 0.33%
- Beta
- 0.30
- R²
- 0.59
- Upside Capture
- 30.98%
- Downside Capture
- 41.06%
Expense Ratio
TNMIX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TNMIX ranks 92 for risk / return — in the top 92% 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 a chosen benchmark (S&P 500 Index).
| TNMIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.89 | 0.90 | +1.00 |
Sortino ratioReturn per unit of downside risk | 2.57 | 1.39 | +1.19 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.21 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.83 | 1.40 | +1.43 |
Martin ratioReturn relative to average drawdown | 14.04 | 6.61 | +7.43 |
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 TNMIX 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 provided a 2.09% 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 | 2.09% | 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 | |||||||||
| 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.
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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 3.63%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.21% | Jan 21, 2020 | 42 | Mar 19, 2020 | 172 | Nov 20, 2020 | 214 |
| -16.15% | Jun 11, 2021 | 340 | Oct 14, 2022 | 530 | Nov 22, 2024 | 870 |
| -7.17% | Feb 20, 2025 | 34 | Apr 8, 2025 | 39 | Jun 4, 2025 | 73 |
| -6.51% | Jan 29, 2018 | 229 | Dec 24, 2018 | 137 | Jul 12, 2019 | 366 |
| -3.63% | Mar 3, 2026 | 20 | Mar 30, 2026 | — | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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