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Name

As of 04/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

1290 Avantis U.S. Large Cap Growth Fund

TNXIX | Fund

$15.47

$6.15 M

0.24%

$0.04

2.75%

Vitals

YTD Return

7.9%

1 yr return

17.9%

3 Yr Avg Return

4.7%

5 Yr Avg Return

8.1%

Net Assets

$6.15 M

Holdings in Top 10

46.8%

52 WEEK LOW AND HIGH

$15.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.75%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 4.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

1290 Avantis U.S. Large Cap Growth Fund

TNXIX | Fund

$15.47

$6.15 M

0.24%

$0.04

2.75%

TNXIX - Profile

Distributions

  • YTD Total Return 7.9%
  • 3 Yr Annualized Total Return 4.7%
  • 5 Yr Annualized Total Return 8.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.13%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    1290 Avantis U.S. Large Cap Growth Fund
  • Fund Family Name
    EQFunds
  • Inception Date
    Feb 27, 2017
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Kenneth Kozlowski

Fund Description

Under normal market conditions, the Fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in securities of large capitalization U.S. companies (or other financial instruments that derive their value from the securities of such companies). For this Fund, large capitalization companies are those companies with market capitalizations at least as large as the smallest company in the Russell 1000® Index (a widely used benchmark of the largest domestic stocks) or companies included in the Russell 1000® Growth Index (a widely used benchmark of the largest domestic growth stocks). Though market capitalizations will change from time to time, as of December 31, 2023, the market capitalizations of the companies in the Russell 1000® Index ranged from approximately $270.2 million to $3.0 trillion, and the market capitalizations of the companies in the Russell 1000® Growth Index ranged from approximately $978.1 million to $3.0 trillion. To determine whether a company is a U.S. company, the Sub-Adviser will consider various factors, including where the company is headquartered, where the company’s principal operations are located, where a majority of the company’s revenues are derived, where the company’s principal trading market is located, the country in which the company was legally organized, and whether the company is in the Russell 1000® Index.The Fund invests primarily in common stocks issued by large capitalization U.S. companies. The Fund seeks to invest in securities of growth companies commonly identified by their relatively high book/price ratio or by their membership in the Russell 1000® Growth Index and that the Sub-Adviser expects to have higher returns. The Fund normally invests across a range of market sectors and industry groups. The Fund seeks securities of companies that the Sub-Adviser expects to have higher returns by placing an enhanced emphasis on securities of companies with more attractive profitability and valuation characteristics. Conversely, the Fund seeks to deemphasize or exclude securities that the Sub-Adviser expects to have lower returns, such as securities of companies with less attractive profitability and valuation characteristics. To identify companies with more attractive profitability and valuation characteristics, the Sub-Adviser uses reported and/or estimated company financials and market data including, but not limited to, shares outstanding, book value and its components, cash flows from operations, and accruals. The Sub-Adviser defines “profitability” mainly as adjusted cash from operations to book value ratio (though other ratios may be considered). The Sub-Adviser defines “valuation characteristics” mainly as adjusted book/price ratio (though other price to fundamentals ratios may be considered). The Sub-Adviser may also consider other factors when selecting a security, including its industry classification, its past performance relative to other eligible securities, its liquidity, its float, and tax, governance or cost considerations, among other factors. To determine the weight of a security within the portfolio, the Sub-Adviser uses the market capitalization of the security relative to that of other eligible securities as a baseline and then overweights or underweights the security based on the Sub-Adviser’s consideration of the characteristics described above. The Sub-Adviser may deemphasize or dispose of a security if it no longer has the desired market capitalization, profitability, or valuation characteristics. When determining whether to deemphasize or dispose of a security, the Sub-Adviser will also consider, among other things, relative past performance, costs, and taxes. The Sub-Adviser will review the criteria for inclusion in the portfolio on a regular basis to maintain a focus on the desired set of large capitalization U.S. companies.The Fund is non-diversified, which means that it may invest a greater portion of its assets in the securities of one or more issuers and may invest overall in a smaller number of issuers than a diversified fund.The Sub-Adviser continually analyzes market and financial data to make buy, sell, and hold decisions. When buying or selling a security, the Sub-Adviser may consider the trade-off between expected returns of the security and implementation or tax costs of the trade in an attempt to gain trading efficiencies, avoid unnecessary risk, and enhance Fund performance.
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TNXIX - Performance

Return Ranking - Trailing

Period TNXIX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% 3.9% 12.9% 71.99%
1 Yr 17.9% 30.7% 65.2% 99.29%
3 Yr 4.7%* 8.7% 13.7% 94.76%
5 Yr 8.1%* 10.3% 14.1% N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period TNXIX Return Category Return Low Category Return High Rank in Category (%)
2023 13.1% -3.3% 18.9% 99.59%
2022 -17.3% 11.7% 29.3% 18.41%
2021 16.8% -23.9% -7.8% 0.61%
2020 3.8% 13.0% 20.8% N/A
2019 22.7% 1.7% 8.6% N/A

Total Return Ranking - Trailing

Period TNXIX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% 3.9% 12.9% 71.99%
1 Yr 17.9% 30.7% 65.2% 96.10%
3 Yr 4.7%* 7.7% 13.7% 89.01%
5 Yr 8.1%* 9.6% 14.1% N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period TNXIX Return Category Return Low Category Return High Rank in Category (%)
2023 13.7% -3.3% 18.9% 99.59%
2022 -13.9% 11.7% 29.3% 18.41%
2021 19.2% -23.9% -5.7% 6.67%
2020 6.9% 14.1% 22.7% N/A
2019 25.0% 1.7% 11.0% N/A

NAV & Total Return History

TNXIX - Holdings

Concentration Analysis

TNXIX Category Low Category High TNXIX % Rank
Net Assets 6.15 M 60.7 K 7.18 B 75.54%
Number of Holdings 225 4 494 63.76%
Net Assets in Top 10 12.7 M 51.6 K 7.13 B 71.39%
Weighting of Top 10 46.83% 38.0% 100.0% 33.77%

Top 10 Holdings

  1. Microsoft Corp. 10.47%
  2. Apple, Inc. 9.91%
  3. NVIDIA Corp. 5.09%
  4. Meta Platforms, Inc., Class A 4.81%
  5. Amazon.com, Inc. 4.24%
  6. Alphabet, Inc., Class A 3.57%
  7. Alphabet, Inc., Class C 3.03%
  8. Costco Wholesale Corp. 2.10%
  9. Visa, Inc., Class A 1.82%
  10. Broadcom, Inc. 1.78%

Asset Allocation

Weighting Return Low Return High TNXIX % Rank
Stocks 		99.60% 65.98% 98.58% 0.27%
Cash 		0.40% -86.71% 14.73% 63.22%
Convertible Bonds 		0.01% 0.00% 0.77% 98.64%
Preferred Stocks 		0.00% 0.00% 0.36% 68.12%
Other 		0.00% -0.07% 13.26% 77.38%
Bonds 		0.00% 0.00% 92.61% 100.00%

Stock Sector Breakdown

Weighting Return Low Return High TNXIX % Rank
Financial Services 		14.68% 12.29% 18.11% 90.74%
Technology 		14.04% 14.77% 21.46% 98.09%
Industrials 		11.78% 9.57% 15.26% 17.17%
Healthcare 		11.70% 8.82% 15.72% 7.36%
Consumer Defense 		11.09% 4.55% 11.70% 0.27%
Utilities 		8.14% 0.55% 4.39% 0.27%
Consumer Cyclical 		8.04% 9.27% 14.12% 100.00%
Real Estate 		7.29% 1.82% 9.04% 29.70%
Communication Services 		6.73% 6.12% 11.04% 53.68%
Basic Materials 		4.08% 2.40% 5.65% 91.55%
Energy 		2.42% 1.87% 4.03% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High TNXIX % Rank
US 		99.60% 34.23% 75.57% 12.26%
Non US 		0.00% 18.37% 51.41% 65.67%

TNXIX - Expenses

Operational Fees

TNXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.75% 0.02% 35.30% 10.34%
Management Fee 0.50% 0.00% 0.94% 79.84%
12b-1 Fee 0.00% 0.00% 1.00% 5.24%
Administrative Fee 0.15% 0.01% 0.30% 50.62%

Sales Fees

TNXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

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

TNXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 4.00% 3.00% 208.00% 15.73%

TNXIX - Distributions

Dividend Yield Analysis

TNXIX Category Low Category High TNXIX % Rank
Dividend Yield 0.24% 0.00% 1.44% 44.35%

Dividend Distribution Analysis

TNXIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Monthly Annually

Net Income Ratio Analysis

TNXIX Category Low Category High TNXIX % Rank
Net Income Ratio 1.13% -0.04% 8.75% 27.27%

Capital Gain Distribution Analysis

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

Distributions History

View More +

TNXIX - Fund Manager Analysis

Managers

Kenneth Kozlowski

Start Date

Tenure

Tenure Rank

Feb 27, 2017

5.26

5.3%

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.

Miao Hu

Start Date

Tenure

Tenure Rank

Feb 27, 2017

5.26

5.3%

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.

Alwi Chan

Start Date

Tenure

Tenure Rank

Feb 27, 2017

5.26

5.3%

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.

Xavier Poutas

Start Date

Tenure

Tenure Rank

Feb 27, 2017

5.26

5.3%

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.

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
0.06 8.11 2.38 1.25

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