1290 Multi-Alternative Strategies Fund Class R (TNMRX)
| Fund Assets | 20.89M |
| Expense Ratio | 1.77% |
| Min. Investment | $1,000 |
| Turnover | 34.00% |
| Dividend (ttm) | 0.10 |
| Dividend Yield | 1.02% |
| Dividend Growth | -59.55% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 13, 2024 |
| Previous Close | 9.99 |
| YTD Return | 6.09% |
| 1-Year Return | 8.38% |
| 5-Year Return | 19.25% |
| 52-Week Low | 8.97 |
| 52-Week High | 9.99 |
| Beta (5Y) | n/a |
| Holdings | 12 |
| Inception Date | Jul 6, 2015 |
About TNMRX
1290 Multi-Alternative Strategies Fund Class R is a mutual fund designed to provide investors with diversified exposure to a broad range of alternative investment strategies. Its primary objective is long-term capital growth, which the fund seeks to achieve by allocating assets among various exchange-traded funds (ETFs) that invest in non-traditional asset classes and strategies. These asset categories may include commodities, convertible securities, event-driven strategies, global real estate, managed futures, long/short equity, and inflation-protected (real return) approaches. By combining multiple alternative strategies, the fund aims to enhance portfolio diversification and potentially reduce overall volatility, as these investments may exhibit low correlation with traditional market indexes or each other. The fund’s managers assess the relative attractiveness of each underlying strategy, sometimes considering momentum and other factors when determining asset allocation. This multi-strategy approach makes the fund suitable for investors seeking exposure to alternatives as a complement to conventional equity and fixed income portfolios. The fund has no minimum investment requirement for Class R shares, making it accessible to a wide range of investors.
Performance
TNMRX had a total return of 8.38% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.61%.
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 | $0.10153 | Dec 13, 2024 |
| Dec 14, 2023 | $0.25103 | Dec 14, 2023 |
| Dec 14, 2022 | $0.19817 | Dec 14, 2022 |
| Dec 15, 2021 | $1.0077 | Dec 16, 2021 |
| Dec 14, 2020 | $0.0339 | Dec 14, 2020 |
| Dec 13, 2019 | $0.1719 | Dec 13, 2019 |