Monthly Performance as of 06/30/2018
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Expense Ratios as of 03/01/2018
||Gross Expense Ratio
||Net Expense Ratio5
|Class A Shares||1.75%||0.75%|
|Class I Shares||1.50%||0.50%|
|Class R Shares||2.00%||1.00%|
Performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance data may be higher or lower than actual data quoted. For the most current month-end performance data please call (888) 310-0416.
One cannot invest directly in an index.
Returns for periods of less than one year are not annualized.
1Fund inception date of July 6, 2015.
2Maximum Offering Price (MOP) for Class A shares includes the Fund's maximum sales charge of 4.5%. Performance shown at NAV does not include these sales charges and would have been lower had it been taken into account.
3Bloomberg Barclays U.S. Aggregate Bond Index covers the U.S. dollar denominated investment-grade, fixed-rate, taxable bond market of securities. The index includes bonds from the Treasury, government-related and corporate securities, agency fixed rate and hybrid adjustable mortgage pass through securities, asset-backed securities and commercial mortgage-backed securities.
4ICE BofAML USD 3-Month Deposit Offered Rate Constant Maturity Index, formerly known as the BofA Merrill Lynch U.S. Dollar 3-Month LIBOR Constant Maturity Index, tracks the performance of a synthetic asset paying the London interbank offered rate (LIBOR) to a stated maturity. The index is based on the assumed purchase at par of a synthetic instrument having exactly its stated maturity and with a coupon equal to that day’s fixing rate. That issue is assumed to be sold the following business day (priced at a yield equal to the current day fixing rate) and rolled into a new instrument.
5Pursuant to a contract, 1290 Asset Managers® has agreed to make payments or waive its management, administrative and other fees to limit the expenses of the Fund through April 30, 2020 (unless the Board of Trustees consents to an earlier revision or termination of this arrangement) (“Expense Limitation Arrangement”) so that the annual operating expenses of the Fund (exclusive of taxes, interest, brokerage commissions, capitalized expenses (other than offering costs), fees and expenses of other investment companies in which the Fund may invest, 12b-1 fees, and extraordinary expenses) do not exceed an annual rate of average daily net assets of 0.50% for Class A shares, Class I shares and Class R shares of the Fund. The Expense Limitation Arrangement may be terminated by 1290 Asset Managers® at any time after April 30, 2020.
As of 6/15/2018, the 1290 Diversified Bond Fund was restructured, which included, among other things, the Fund adopting a new broad-based benchmark that is reflective of its universe of holdings. The previous benchmark, the ICE BofAML USD 3-Month Deposit Offered Rate Constant Maturity Index was the comparable benchmark under the previous manager and strategy, effective from inception on 7/6/2015 thru 6/15/2018.