1290 Retirement Funds

Overview

Take aim at your personal
retirement target date
with the help of a guided
risk-management discipline

When you can clearly see the target, your retirement planning will start falling into sharper focus.

To help you, Equitable Investment Management Group, LLC (EIM) offers the 1290 Retirement Funds, a series of mutual funds with specific retirement target dates and a guided risk-management discipline. Each Fund has a built-in allocation glide-path that seeks to anticipate your risk tolerance at different stages of life. The Fund's investments in underlying exchange traded securities and other investment vehicles ("Underlying ETFs") are then adjusted to maintain an age-appropriate balance between seeking capital growth and capital preservation.

You make one decision - to purchase the Fund that best corresponds to your target date. Thereafter, the risk-management discipline takes over to help you simplify investing — all the way to retirement and beyond.

Each of the nine 1290 Retirement Funds features:

  • A specific retirement target date. Target dates are at five-year intervals, so you can choose the one closest to the date you expect to start retirement – from 2020 to 2060.
  • Instant diversification. To keep your holdings well diversified, each Fund includes a mix of Underlying ETFs in varying asset classes. While diversification doesn't assure a profit or protect against loss, it can help to smooth ups and downs in portfolio performance.
  • Rebalancing. The portfolio manager aims to keep holdings aligned with model asset class weights, which reflect the Fund’s risk management discipline. When holdings diverge from these weights, the manager brings them back into alignment. This helps to keep your asset allocation and risk-management discipline current through changing markets.
  • Familiar underlying investments. The Fund invests in Underlying ETFs, each of which is carefully selected and monitored by the adviser, Equitable Investment Management. These securities, which are familiar to many investors, offer the liquidity of daily pricing and trading on public markets.
  • Volatility Managed Underlying Holdings. Some Underlying ETFs in which the Fund invests emphasize price volatility management.

How the Fund invests

The Funds invest in Underlying ETFs, which represent a variety of asset classes. The Funds are managed to target the specific year of planned retirement (the “retirement year” or “target year”) in five year increments from 2020 to 2060. The retirement year also assumes that an investor retires at age 65; however, the Fund should not be selected solely on the basis of an investor’s age or the target year. The Fund’s asset mix will become more conservative each year until reaching the year approximately 10 years after the retirement year at which time it is intended that the asset mix will become relatively stable. The Fund balances the need for appreciation with the need for income as retirement approaches, and focuses on supporting an income stream over a long-term retirement withdrawal horizon. The Fund is not designed for a lump sum redemption at the target year and does not guarantee a particular level of income. The Fund maintains significant allocations to equities both prior to and after the target year and is generally expected to reach its most conservative allocation 10 years after the target year.

1290 Retirement Funds: asset class shift over time

1290 Retirement Glide Path

Note: Position on the glide path are target allocations as of March 1, 2020 subject to change.

Fund objective

The Funds seek the highest total return over time consistent with its asset mix while managing portfolio volatility. Total return includes capital growth and income.

Fund details

Status Ticker CUSIP ISIN
1290 Retirement 2020 Fund Open TNIIX 68259P 307 US68259P3073
1290 Retirement 2025 Fund Open TNJIX 68259P 703 US68259P7033
1290 Retirement 2030 Fund Open TNKIX 68259P 869 US68259P8692
1290 Retirement 2035 Fund Open TNLIX 68259P 828 US68259P8288
1290 Retirement 2040 Fund Open TNNIX 68259P 778 US68259P7785
1290 Retirement 2045 Fund Open TNOIX 68259P 737 US68259P7371
1290 Retirement 2050 Fund Open TNWIX 68259P 687 US68259P6878
1290 Retirement 2055 Fund Open TNQIX 68259P 646 US68259P6464
1290 Retirement 2060 Fund Open TNXIX 68259P 596 US68259P5961
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Investment minimum*

$1,000,000 for certain institutions and individuals

• $1,000 for certain employees (or their immediate family members) of Equitable Financial or its subsidiaries

• Class I shares are available to clients of registered investment advisers who have $250,000 invested in the Fund

• No minimum investment for a wrap account client of an eligible broker-dealer or a client of a fee-based planner that is unaffiliated with a broker-dealer

*Read the Prospectus for more information.

Portfolio managers

Holdings

Top 15 holdings

Security Weight %

1quarter holdings are based on the fiscal year

Top holdings exclude cash, cash equivalents and money market funds.


Performance

Daily performance as of

Total returns
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Monthly performance as of

Total returns
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Quarterly performance as of

Total returns
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Expense ratios as of

Fund Gross expense ratio Net expense ratio3
1290 Retirement 2020 Fund - Class I shares
1290 Retirement 2025 Fund - Class I shares
1290 Retirement 2030 Fund - Class I shares
1290 Retirement 2035 Fund - Class I shares
1290 Retirement 2040 Fund - Class I shares
1290 Retirement 2045 Fund - Class I shares
1290 Retirement 2050 Fund - Class I shares
1290 Retirement 2055 Fund - Class I shares
1290 Retirement 2060 Fund - Class I shares

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 (855) 379-9186.

One cannot invest directly in an index.

Returns for periods of less than one year are not annualized.

1Fund inception date of Febuary 27, 2017.

2The S&P Target Date® Index Series comprises eleven multi-asset class indices, each corresponding to a particular target retirement date. The asset allocation for each index in the series is determined once a year through survey of large fund management companies that offer target date products. Each index is fully investable, with varying levels of exposure to equities, fixed income and commodities.

3Pursuant to a contract, Equitable Investment Management has agreed to make payments or waive its management, administrative and other fees to limit the expenses of the Fund through April 30, 2022 (unless the Board of Trustees consents to an earlier revision or termination of this arrangement) (“Expense Limitation Arrangement”) so that the annual operating expenses (including Acquired Fund Fees and Expenses) of the Fund (exclusive of taxes, interest, brokerage commissions, capitalized expenses (other than offering costs), 12b-1 fees, and extraordinary expenses not incurred in the ordinary course of the Fund’s business) do not exceed an annual rate of average daily net assets of 0.65% for Class A shares, Class T shares, Class I shares and Class R shares of the Fund. The Expense Limitation Arrangement may be terminated by Equitable Investment Management at any time after April 30, 2022.


Distributions

Print Distributions
Class Record date Ex-date Payable date Ordinary income Short-term capital gain Long-term capital gain Total
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Distributions data is unavailable at this time.
Fund resources

An investment in the fund will not ensure that an investor will have assets sufficient to cover retirement expenses or that an investor will have enough saved to be able to retire in, or within a few years of, the target year identified in the Fund's name. Equity securities involve the risk that the value of the securities may fluctuate, sometimes widely fluctuate, in response to changes in a company's financial condition as well as general market, economic and political conditions and other factors. Fixed income investments are subject to interest rate risk so that when interest rates rise, the prices of fixed income securities can decrease and the investor can lose principal value.

Investments in foreign securities, including depositary receipts, involve risks not associated with investing in U.S. securities. Foreign markets, particularly emerging markets, may be less liquid, more volatile and subject to less government supervision than domestic markets. Security values also may be negatively affected by changes in the exchange rates between the U.S. dollar and foreign currencies. Differences between U.S. and foreign legal, political and economic systems, regulatory regimes and market practices also may impact security values and it may take more time to clear and settle trades. Equity securities involve the risk that the value of the securities may fluctuate, sometimes widely fluctuate, in response to changes in a company's financial condition as well as general market, economic and political conditions and other factors. To the extent a Fund invests in Underlying ETFs, the Fund will be subject to the risks associated with the securities and other investments in which the Underlying ETF invest and the ability of the Fund to meet its investment objective will directly depend on the ability of the Underlying ETFs to meet their investment objective. In addition, the use of volatility management techniques by the Underlying ETF may limit the Fund's participation in market gains, particularly during periods when market values are increasing, but market volatility is high.

cont

Contact us

Personal investors:
(888) 310-0416

Financial professionals:
(855) 379-9186

To obtain a prospectus:
1290Funds@DFINsolutions.com

Media inquiries:
Equitable US Media Relations
MediaRelations@equitable.com

Financial professionals: contact us for more info

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