1290 Multi-Alternative Strategies Fund Class I (TNMIX)
| Fund Assets | 20.89M |
| Expense Ratio | 1.27% |
| Min. Investment | $1,000,000 |
| Turnover | 34.00% |
| Dividend (ttm) | 0.15 |
| Dividend Yield | 1.47% |
| Dividend Growth | -49.89% |
| Payout Frequency | Annual |
| Ex-Dividend Date | n/a |
| Previous Close | 10.06 |
| YTD Return | 6.81% |
| 1-Year Return | 9.39% |
| 5-Year Return | 22.86% |
| 52-Week Low | 9.03 |
| 52-Week High | 10.06 |
| Beta (5Y) | n/a |
| Holdings | 12 |
| Inception Date | Jul 6, 2015 |
About TNMIX
1290 Multi-Alternative Strategies Fund Class I is an open-end mutual fund designed to provide long-term capital growth by investing across a wide array of alternative asset classes. Its primary function is to diversify traditional investment portfolios by allocating assets to multiple non-traditional strategies, primarily through holdings in exchange-traded funds (ETFs). The fund targets exposure to sectors such as commodities, convertible securities, global real estate, managed futures, and long/short equity, among others. This multi-strategy approach aims to reduce correlation to traditional market indexes, helping to mitigate portfolio volatility and broad market risk. Managed by Equitable Investment Management Group, the fund utilizes a combination of market factors, including momentum, to determine allocations among the underlying strategies. This positions the fund as a useful tool for investors seeking diversification and the potential for smoother portfolio returns, especially during periods of heightened equity or bond market volatility. It is categorized in the multistrategy segment, with most assets concentrated in a handful of top ETF holdings representing various alternative investments.
Performance
TNMIX had a total return of 9.39% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.21%.
Top 10 Holdings
95.08% of assets| Name | Symbol | Weight |
|---|---|---|
| iShares Convertible Bond ETF | ICVT | 15.41% |
| NYLI Merger Arbitrage ETF | MNA | 15.26% |
| Vanguard Short-Term Inflation-Protected Securities ETF | VTIP | 13.87% |
| iMGP DBi Managed Futures Strategy ETF | DBMF | 11.22% |
| Invesco DB Precious Metals Fund | DBP | 8.71% |
| JPMorgan Equity Premium Income ETF | JEPI | 8.56% |
| Vanguard Global ex-U.S. Real Estate ETF | VNQI | 6.63% |
| iShares Core U.S. REIT ETF | USRT | 6.60% |
| JPMorgan NASDAQ Equity Premium Income ETF | JEPQ | 4.61% |
| Invesco DB Energy Fund | DBE | 4.21% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 13, 2024 | $0.14767 | Dec 13, 2024 |
| Dec 14, 2023 | $0.29467 | Dec 14, 2023 |
| Dec 14, 2022 | $0.24487 | Dec 14, 2022 |
| Dec 15, 2021 | $1.0588 | Dec 16, 2021 |
| Dec 14, 2020 | $0.0831 | Dec 14, 2020 |
| Dec 13, 2019 | $0.2227 | Dec 13, 2019 |