TNWIX: 1290 Retirement 2050 I - MutualFunds.com

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TNWIX 1290 Retirement 2050 I

  • Fund
  • TNWIX
  • Price as of: Oct 11, 2019
  • $12.04 + $0.10 + 0.84%

TNWIX - Profile

Vitals

  • YTD Return 17.1%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $3.64 M
  • Holdings in Top 10 93.1%

52 WEEK LOW AND HIGH

$12.04
$9.84
$12.10

Expenses

OPERATING RELATED FEES

  • Expense Ratio 5.20%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 2.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2050

Distributions

  • YTD Total Return 17.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.77%
DIVIDENDS
  • Dividend Yield 1.7%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name 1290 Retirement 2050 Fund
  • Fund Family Name 1290 Funds
  • Inception Date Feb 27, 2017
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Kenneth T. Kozlowski

Fund Description

The fund invests in exchange traded securities of other investment companies or investment vehicles (the "Underlying ETFs"), which represent a variety of asset classes. With respect to its allocation to equity securities, its investments in Underlying ETFs will include investments in Underlying ETFs that, in turn, invest substantially all of their assets in equity securities that have lower absolute volatility than the broader markets in which the ETF invests.

TNWIX - Performance

Return Ranking - Trailing

Period TNWIX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.1% 3.8% 18.3% 0.49%
1 Yr 5.8% -1.9% 8.3% 10.06%
3 Yr N/A* -5.9% 10.1% N/A
5 Yr N/A* -3.7% 8.0% N/A
10 Yr N/A* -6.0% 10.2% N/A

* Annualized


Return Ranking - Calendar

Period TNWIX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.4% -17.8% -3.6% 34.50%
2017 N/A -12.3% 20.9% N/A
2016 N/A -4.2% 7.5% N/A
2015 N/A -13.0% -0.3% N/A
2014 N/A -49.7% 34.8% N/A

Total Return Ranking - Trailing

Period TNWIX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.1% 3.8% 18.3% 0.49%
1 Yr 5.8% -4.2% 11.1% 31.33%
3 Yr N/A* -5.9% 10.8% N/A
5 Yr N/A* -3.7% 9.1% N/A
10 Yr N/A* -4.1% 10.2% N/A

* Annualized


Total Return Ranking - Calendar

Period TNWIX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.4% -17.3% -0.9% 55.79%
2017 N/A -12.3% 24.1% N/A
2016 N/A 0.2% 9.8% N/A
2015 N/A -9.4% 0.7% N/A
2014 N/A -47.6% 39.2% N/A

NAV & Total Return History

TNWIX - Holdings

Concentration Analysis

TNWIX Category Low Category High TNWIX % Rank
Net Assets 3.64 M 111 K 24.1 B 90.15%
Number of Holdings 15 2 121 69.14%
Net Assets in Top 10 3.31 M 81.4 K 16.9 B 89.01%
Weighting of Top 10 93.08% 59.5% 104.7% 27.46%

Top 10 Holdings

  1. iShares Core S&P Total US Stock Mkt ETF 31.87%

  2. iShares Core MSCI EAFE ETF 10.93%

  3. iShares Edge MSCI Min Vol USA ETF 10.66%

  4. Invesco S&P 500® Low Volatility ETF 10.59%

  5. iShares Core US Aggregate Bond ETF 7.37%

  6. Invesco S&P MidCap Low Volatility ETF 5.72%

  7. Invesco S&P Intl Dev Low Vol ETF 5.40%

  8. iShares Edge MSCI Min Vol EAFE ETF 5.40%

  9. SPDR® SSGA US Small Cap Low Volatil ETF 2.60%

  10. Invesco S&P SmallCap Low Volatility ETF 2.54%


Asset Allocation

Weighting Return Low Return High TNWIX % Rank
Stocks
90.33% 15.75% 93.24% 4.20%
Bonds
8.56% -40.53% 75.69% 86.91%
Cash
1.05% -11.60% 112.41% 90.47%
Convertible Bonds
0.04% 0.00% 1.06% 69.31%
Other
0.02% -0.36% 14.87% 54.12%
Preferred Stocks
0.00% 0.00% 1.66% 96.28%

Stock Sector Breakdown

Weighting Return Low Return High TNWIX % Rank
Financial Services
17.53% 3.03% 17.53% 0.16%
Technology
10.84% 2.10% 19.30% 46.53%
Real Estate
9.81% 0.41% 9.81% 0.16%
Industrials
9.64% 1.43% 13.44% 13.41%
Consumer Cyclical
8.76% 1.78% 13.08% 34.25%
Consumer Defense
8.37% 1.02% 10.05% 4.36%
Healthcare
8.07% 1.44% 12.99% 44.10%
Utilities
7.32% 0.16% 7.32% 0.16%
Communication Services
3.58% 0.29% 3.70% 3.07%
Basic Materials
3.36% 0.45% 5.34% 28.59%
Energy
2.94% 0.69% 7.70% 59.94%

Stock Geographic Breakdown

Weighting Return Low Return High TNWIX % Rank
US
63.44% 6.67% 63.44% 0.16%
Non US
26.89% 4.82% 38.88% 27.30%

Bond Sector Breakdown

Weighting Return Low Return High TNWIX % Rank
Government
4.55% -0.51% 75.69% 88.37%
Securitized
2.12% 0.00% 33.34% 78.68%
Corporate
1.89% 0.00% 31.66% 85.14%
Cash & Equivalents
1.04% -42.81% 112.41% 81.74%
Municipal
0.05% 0.00% 6.74% 59.45%
Derivative
0.00% -82.56% 7.98% 64.30%

Bond Geographic Breakdown

Weighting Return Low Return High TNWIX % Rank
US
8.07% -52.61% 75.69% 80.78%
Non US
0.49% 0.00% 18.27% 90.95%

TNWIX - Expenses

Operational Fees

TNWIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 5.20% 0.00% 108.50% 10.55%
Management Fee 0.50% 0.00% 0.77% 98.87%
12b-1 Fee 0.00% 0.00% 1.00% 11.02%
Administrative Fee 0.15% 0.00% 0.40% 90.35%

Sales Fees

TNWIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

TNWIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Turnover 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.

TNWIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 2.00% 0.00% 165.00% 22.50%

TNWIX - Distributions

Dividend Yield Analysis

TNWIX Category Low Category High TNWIX % Rank
Dividend Yield 1.66% 0.00% 2.67% 12.60%

Dividend Distribution Analysis

TNWIX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Quarterly

Dividend Payout History


Net Income Ratio Analysis

TNWIX Category Low Category High TNWIX % Rank
Net Income Ratio 1.77% -0.59% 4.60% 47.56%

Capital Gain Distribution Analysis

TNWIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

TNWIX - Managers

Kenneth T. Kozlowski

Manager

Start Date

Tenure

Tenure Rank

Feb 27, 2017

2.59

2.6%

Kenneth T. Kozlowski, CFP, CHFC, CLU has served as Executive Vice President and Chief Investment Officer of FMG LLC since June 2012 and as Senior Vice President of AXA Equitable Life Insurance and as Senior Vice President of FMG LLC since May 2011. He served as Vice President of AXA Equitable from February 2001 to August 2011. He has served as Vice President of the Trust from June 2010 to present. Since 2003, Mr. Kozlowski has had primary responsibility for the asset allocation, fund selection and rebalancing of the funds of funds currently managed by FMG LLC and for the ETF Allocated Portions since May 25, 2007 and for the Fund of Funds Portion of the EQ/Quality Bond PLUS Portfolio since October 26, 2010. Mr. Kozlowski served as Chief Financial Officer and Treasurer of the Trust from 2002 to 2007.


Alwi Chan

Manager

Start Date

Tenure

Tenure Rank

Feb 27, 2017

2.59

2.6%

Alwi Chan, CFA has served as Senior Vice President and Deputy Chief Investment Officer of FMG LLC since June 2012 and as Lead Director of AXA Equitable since February 2007. He served as Vice President of FMG LLC from May 2011 to June 2012. Prior to that, he served as an Assistant Vice President (2005-2007) and Senior Investment Analyst (2002-2005) of AXA Equitable. He also has served as Vice President of the Trust since 2007.


Xavier Poutas

Manager

Start Date

Tenure

Tenure Rank

Feb 27, 2017

2.59

2.6%

Xavier Poutas, CFA has served as an Assistant Portfolio Manager of FMG LLC since May 2011 and has served as Director of AXA Equitable since November 2008. He joined AXA Equitable’s Funds Management Group in October 2004 as a Fund Administrator and was involved in the implementation of the asset allocation strategy for the funds of funds currently managed by FMG LLC. Poutas has been a fund administrator since Oct. 2004. From November 2003 to September 2004, he served as Audit Manager of AXA Internal Audit, and from September 2002 to October 2003 he was a senior auditor with AXA Internal Audit. Prior to 2002, Poutas held several positions within the AXA Group. He is responsible for assisting in portfolio analysis and portfolio performance evaluation.


Miao Hu

Manager

Start Date

Tenure

Tenure Rank

Feb 27, 2017

2.59

2.6%

Miao Hu, CFA has served as an assistant portfolio manager of FMG LLC since April 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. Prior to joining FMG LLC, she was an Associate Content Manager at Factset from January 2012 to November 2013.


Kevin McCarthy

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2019

0.58

0.6%

Kevin McCarthy has served as an Assistant Portfolio Manager of the Adviser and a Director of AXA Equitable since December 2018. He served as a Lead Manager of AXA Equitable from August 2015 to November 2018. He is manager of the asset allocation strategy for the funds of funds managed by FMG LLC. Prior to joining AXA Equitable, he was a Senior Quantitative Analyst at Aviva Investors from October 2013 to August 2015.


Tenure Analysis

Category Low

0.0

Category High

17.01

Category Average

6.29

Category Mode

7.75