- ISIN
- US68259P5540
- CUSIP
- 68259P554
- Issuer
- 1290 Funds
- Inception Date
- Mar 6, 2016
- Category
- Diversified Portfolio
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
Share Price Chart
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Performance
TNVDX Performance Chart
1290 DoubleLine Dynamic Allocation Fund (TNVDX) is up 5.2% since the beginning of the year. TNVDX is currently trading at $11 per share. Investors who bought $1,000 worth of TNVDX shares 5 years ago would now be looking at an investment worth $1,328.
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Returns By Period
1290 DoubleLine Dynamic Allocation Fund (TNVDX) has returned 5.22% so far this year and 13.40% over the past 12 months.
1290 DoubleLine Dynamic Allocation Fund
- 1D
- 0.37%
- 1M
- 0.70%
- YTD
- 5.22%
- 6M
- 5.32%
- 1Y
- 13.40%
- 3Y*
- 9.73%
- 5Y*
- 5.84%
- 10Y*
- —
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%
TNVDX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2017, TNVDX's average daily return is +0.03%, while the average monthly return is +0.62%. At this rate, an investment would double in approximately 9.3 years.
Historically, 68% of months were positive and 32% were negative. The best month was Apr 2020 with a return of +8.2%, while the worst month was Mar 2020 at -8.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, TNVDX closed higher 49% of trading days. The best single day was Mar 26, 2020 with a return of +4.8%, while the worst single day was Mar 16, 2020 at -6.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.33% | 2.39% | -4.55% | 3.31% | 1.83% | -0.00% | 5.22% | ||||||
| 2025 | 1.50% | 0.80% | -1.61% | -0.15% | 1.27% | 2.28% | 0.25% | 1.95% | 1.27% | 0.39% | 1.38% | 0.70% | 10.45% |
| 2024 | 0.51% | 0.81% | 2.10% | -1.42% | 1.20% | 0.42% | 1.95% | 2.51% | 1.53% | -0.94% | 0.84% | -1.12% | 8.62% |
| 2023 | 3.46% | -1.65% | 0.84% | 0.91% | -0.99% | 1.85% | 1.83% | -1.26% | -1.80% | -1.79% | 4.22% | 3.60% | 9.34% |
| 2022 | -3.04% | -2.15% | 0.55% | -5.37% | -0.96% | -5.83% | 6.71% | -0.64% | -4.36% | 3.12% | 4.66% | -0.69% | -8.50% |
| 2021 | -1.30% | 1.32% | 1.74% | 3.33% | 0.50% | 1.07% | 1.30% | 1.53% | -3.09% | 2.61% | -1.83% | 2.93% | 10.36% |
Benchmark Metrics
1290 DoubleLine Dynamic Allocation Fund has an annualized alpha of 1.41%, beta of 0.42, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since January 03, 2017.
- This fund participated in 52.70% of S&P 500 Index downside but only 45.11% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.42 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
- 1.41%
- Beta
- 0.42
- R²
- 0.77
- Upside Capture
- 45.11%
- Downside Capture
- 52.70%
Expense Ratio
TNVDX has a high expense ratio of 1.27%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
TNVDX ranks 62 for risk / return — better than 62% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for 1290 DoubleLine Dynamic Allocation Fund (TNVDX) 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.
| TNVDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.37 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 2.78 | -0.35 |
| Martin ratioReturn relative to average drawdown | 9.18 | 12.44 | -3.26 |
Dividends
Dividend History
1290 DoubleLine Dynamic Allocation Fund provided a 8.11% dividend yield over the last twelve months, with an annual payout of $0.88 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.88 | $0.81 | $1.00 | $0.57 | $0.47 | $1.17 | $0.94 | $0.61 | $0.49 | $0.65 |
Dividend yield | 8.11% | 7.69% | 9.73% | 5.52% | 4.67% | 10.18% | 8.15% | 5.58% | 5.02% | 6.06% |
Monthly Dividends
The table displays the monthly dividend distributions for 1290 DoubleLine Dynamic Allocation 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 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.00 | $0.23 | ||||||
| 2025 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.05 | $0.03 | $0.04 | $0.04 | $0.07 | $0.38 | $0.81 |
| 2024 | $0.03 | $0.03 | $0.02 | $0.04 | $0.05 | $0.02 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.61 | $1.00 |
| 2023 | $0.08 | $0.00 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.00 | $0.05 | $0.18 | $0.57 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.04 | $0.04 | $0.04 | $0.24 | $0.47 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.17 | $1.17 |
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 DoubleLine Dynamic Allocation 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 DoubleLine Dynamic Allocation Fund was 20.14%, occurring on Mar 20, 2020. Recovery took 54 trading sessions.
The current 1290 DoubleLine Dynamic Allocation Fund drawdown is 0.28%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -20.14%Mar 2020 | 29d | 2mo 20d | 3mo 19dFeb 2020 - Jun 2020 |
Bear market2022 | -17.69%Jun 2022 | 5mo 17d | 1y 7mo | 2y 25dDec 2021 - Jan 2024 |
Rate-hike selloffLate 2018 | -10.22%Dec 2018 | 2mo 22d | 2mo 27d | 5mo 19dOct 2018 - Mar 2019 |
2025 selloff2025 | -6.21%Apr 2025 | 1mo 6d | 1mo 29d | 3mo 5dMar 2025 - Jun 2025 |
2018 pullback2018 | -5.59%Apr 2018 | 2mo 3d | 4mo 29d | 7mo 2dJan 2018 - Aug 2018 |
Drawdown Indicators
| TNVDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.14% | -56.78% | +36.64% |
Max Drawdown (1Y)Largest decline over 1 year | -5.48% | -9.10% | +3.62% |
Max Drawdown (3Y)Largest decline over 3 years | -6.21% | -18.90% | +12.69% |
Max Drawdown (5Y)Largest decline over 5 years | -17.69% | -25.43% | +7.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.28% | -1.80% | +1.52% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -10.71% | +8.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 2.03% | -0.58% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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