Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.2%
1 yr return
9.1%
3 Yr Avg Return
-1.1%
5 Yr Avg Return
1.3%
Net Assets
$13.8 M
Holdings in Top 10
106.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.46%
SALES FEES
Front Load 5.50%
Deferred Load N/A
TRADING FEES
Turnover 66.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TNMAX - Profile
Distributions
- YTD Total Return 3.2%
- 3 Yr Annualized Total Return -1.1%
- 5 Yr Annualized Total Return 1.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.34%
- Dividend Yield 3.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal Name1290 Multi-Alternative Strategies Fund
-
Fund Family NameEQFunds
-
Inception DateJul 06, 2015
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKenneth Kozlowski
Fund Description
TNMAX - Performance
Return Ranking - Trailing
Period | TNMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.2% | -73.0% | 19.4% | 21.15% |
1 Yr | 9.1% | -9.1% | 86.9% | 18.18% |
3 Yr | -1.1%* | -9.5% | 16.2% | 53.82% |
5 Yr | 1.3%* | -4.9% | 14.4% | 51.12% |
10 Yr | N/A* | -0.9% | 7.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | TNMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.9% | -22.7% | 305.1% | 32.22% |
2022 | -13.5% | -9.8% | 27.3% | 46.77% |
2021 | -6.9% | -20.8% | 10.9% | 46.67% |
2020 | 3.7% | -12.4% | 29.4% | 55.45% |
2019 | 5.3% | -10.5% | 15.8% | 13.09% |
Total Return Ranking - Trailing
Period | TNMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.2% | -73.0% | 19.4% | 21.15% |
1 Yr | 9.1% | -13.4% | 86.9% | 35.27% |
3 Yr | -1.1%* | -9.5% | 16.2% | 71.49% |
5 Yr | 1.3%* | -5.3% | 14.4% | 69.51% |
10 Yr | N/A* | -0.9% | 7.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | TNMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.1% | -22.7% | 305.1% | 32.59% |
2022 | -11.3% | -9.8% | 27.3% | 47.18% |
2021 | 3.0% | -20.8% | 10.9% | 54.22% |
2020 | 4.3% | -8.4% | 29.4% | 70.30% |
2019 | 7.4% | -10.2% | 18.0% | 16.23% |
NAV & Total Return History
TNMAX - Holdings
Concentration Analysis
TNMAX | Category Low | Category High | TNMAX % Rank | |
---|---|---|---|---|
Net Assets | 13.8 M | 1.5 M | 5.01 B | 91.51% |
Number of Holdings | 12 | 4 | 4478 | 90.11% |
Net Assets in Top 10 | 14.9 M | -398 M | 2.55 B | 80.57% |
Weighting of Top 10 | 106.35% | 13.1% | 100.0% | 39.91% |
Top 10 Holdings
- iShares Convertible Bond ETF 15.36%
- Vanguard Short-Term Inflation-Protected Securities ETF 14.25%
- INVESCO GOVERNMENT AGENCY PORTFOLIO OPEN-END FUND USD 13.53%
- IQ Merger Arbitrage ETF 12.81%
- iMGP DBi Managed Futures Strategy ETF 11.86%
- JPMorgan Equity Premium Income ETF 10.98%
- iShares Core U.S. REIT ETF 7.89%
- Vanguard Global ex-U.S. Real Estate ETF 7.79%
- JPMorgan Nasdaq Equity Premium Income ETF 6.12%
- Invesco DB Precious Metals Fund 5.75%
Asset Allocation
Weighting | Return Low | Return High | TNMAX % Rank | |
---|---|---|---|---|
Cash | 13.53% | -6278.21% | 410.43% | 37.46% |
Convertible Bonds | 11.57% | 0.00% | 87.92% | 7.42% |
Stocks | 0.00% | -3.75% | 97.95% | 42.76% |
Preferred Stocks | 0.00% | -0.12% | 46.97% | 8.83% |
Other | 0.00% | -21.53% | 148.54% | 34.28% |
Bonds | 0.00% | -326.45% | 6347.80% | 55.48% |
TNMAX - Expenses
Operational Fees
TNMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.46% | 0.29% | 31.15% | 48.56% |
Management Fee | 0.50% | 0.00% | 2.50% | 9.19% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 31.08% |
Administrative Fee | 0.15% | 0.01% | 0.30% | 60.27% |
Sales Fees
TNMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.50% | 2.50% | 5.75% | 51.92% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
TNMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
TNMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 66.00% | 0.00% | 491.00% | 12.10% |
TNMAX - Distributions
Dividend Yield Analysis
TNMAX | Category Low | Category High | TNMAX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.02% | 0.00% | 4.56% | 22.61% |
Dividend Distribution Analysis
TNMAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Quarterly | Annually |
Net Income Ratio Analysis
TNMAX | Category Low | Category High | TNMAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.34% | -2.51% | 6.83% | 34.17% |
Capital Gain Distribution Analysis
TNMAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 14, 2023 | $0.273 | OrdinaryDividend |
Dec 14, 2022 | $0.222 | OrdinaryDividend |
Dec 14, 2020 | $0.059 | OrdinaryDividend |
Dec 13, 2019 | $0.197 | OrdinaryDividend |
Dec 13, 2018 | $0.044 | OrdinaryDividend |
Dec 16, 2016 | $0.036 | OrdinaryDividend |
TNMAX - Fund Manager Analysis
Managers
Kenneth Kozlowski
Start Date
Tenure
Tenure Rank
Jul 06, 2015
6.91
6.9%
Kenneth T. Kozlowski, CFP, CLU, ChFC, is the lead portfolio manager and Chief Investment Officer for EIMG LLC. Mr. Kozlowski is a Managing Director of Equitable Life Insurance Company (“Equitable”) and has served as Executive Vice President and Chief Investment Officer of EIMG LLC since June 2012. He has had primary responsibility for the asset allocation, fund selection and rebalancing of Equitable’s funds-of-funds since 2003.
Xavier Poutas
Start Date
Tenure
Tenure Rank
Jul 06, 2015
6.91
6.9%
Xavier Poutas, CFA has been a Lead Director of Equitable since October 2018 and a co-portfolio manager of EIM LLC since May 2011. Mr. Poutas assists in portfolio analysis, rebalancing and portfolio performance evaluation with respect to the Fund-of-Funds Portfolios and ETF Sleeves. Mr. Poutas received his MS in Accounting and Finance from the University of Nantes (France) in 2000 and his B.B.A. in Accounting and Finance in 1999 from Ecole Superieure des Sciences Commerciales d'Angers (France). Mr. Poutas holds the Chartered Financial Analyst (CFA) designation.
Alwi Chan
Start Date
Tenure
Tenure Rank
Jul 06, 2015
6.91
6.9%
Alwi Chan, CFA is a Vice President of the Trusts and member of each Trust’s Valuation Committee. He has served as a Lead Director of AXA Equitable and Senior Vice President and Deputy Chief Investment Officer of FMG LLC since June 2012. Mr. Chan assists in portfolio analysis, rebalancing and fund selection. Mr. Chan earned a Bachelor’s degree in Economics from Trisakti University (Indonesia) and an MBA from Tulane University. Mr. Chan holds the Chartered Financial Analyst (CFA) designation.
Miao Hu
Start Date
Tenure
Tenure Rank
Apr 13, 2016
6.13
6.1%
Miao Hu, CFA, CAIA has been an Assistant Portfolio Manager of FMG LLC since May 2016. She has served as a Director of Portfolio Analytics of FMG LLC since December 2014. She joined AXA Equitable as a Lead Manager in November 2013. Ms. Hu holds a MS in Communications from University of Ulster (Northern Ireland, UK) and a BA in Marketing from Dalian Maritime University (China). She holds the Chartered Financial Analyst (CFA) and the Chartered Alternative Investment Analyst (CAIA) designations.
Kevin McCarthy
Start Date
Tenure
Tenure Rank
Mar 01, 2019
3.25
3.3%
Kevin McCarthy has been a Director of AXA Equitable since December 2018. Mr. McCarthy joined AXA Equitable in August 2015 as a Lead Manager. His responsibilities include portfolio analysis, portfolio evaluation, rebalancing and fund selection with respect to the Fund-of-Funds Portfolios. Previously, he was a Senior Quantitative Analysts at Aviva Investors, a Risk Analyst at Kenmar Olympia Group, and a Quantitative Researcher at Tremont Capital Management. Mr. McCarthy holds a BS in Economics from the State University of New York and an MBA focused in Finance from Baruch College.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.02 | 17.37 | 4.48 | 1.67 |