Home
Guide
Picks
High Yield
Dates
Monthly
Screener
Resources
ESG
Retire
Channels
Continue to site >
Trending ETFs

1290 Retirement 2045 Fund

mutual fund
TNOIX
Payout Change
Pending
Price as of:
$13.76 -0.02 -0.15%
primary theme
Target-Date 2045
share class
I (TNOIX)
TNOIX (Mutual Fund)

1290 Retirement 2045 Fund

Payout Change
Pending
Price as of:
$13.76 -0.02 -0.15%
primary theme
Target-Date 2045
share class
I (TNOIX)
TNOIX (Mutual Fund)

1290 Retirement 2045 Fund

Payout Change
Pending
Price as of:
$13.76 -0.02 -0.15%
primary theme
Target-Date 2045
share class
I (TNOIX)

Name

As of 12/19/2024

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 Retirement 2045 Fund

TNOIX | Fund

$13.76

$9.3 M

1.81%

$0.25

2.25%

Vitals

YTD Return

11.0%

1 yr return

13.0%

3 Yr Avg Return

3.6%

5 Yr Avg Return

6.2%

Net Assets

$9.3 M

Holdings in Top 10

92.5%

52 WEEK LOW AND HIGH

$13.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.25%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 18.00%

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 12/19/2024

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 Retirement 2045 Fund

TNOIX | Fund

$13.76

$9.3 M

1.81%

$0.25

2.25%

TNOIX - Profile

Distributions

  • YTD Total Return 11.0%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 6.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.21%
DIVIDENDS
  • Dividend Yield 1.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    1290 Retirement 2045 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

The Fund seeks to achieve its objective by investing in exchange traded securities of other investment companies or investment vehicles (the “Underlying ETFs”), which represent a variety of asset classes. The Fund is managed based on the specific retirement (ortarget) yearincludedin itsname(2045)and assumes that an investor retires at age 65; however, the Fund should not be selected solely on the basis of the target year or an investor’s age. The Fund’s asset mix will become more conservative each year until reaching the year approximately 10 years after the retirement year at which time it is intended that the asset mix will become relatively stable. The Fund is designed to balance the need for appreciation with the need for income as retirement approaches and to support an income stream over a long-term retirement withdrawal horizon. The Fund is not designed for a lump sum redemption at the target year and does not guarantee a particular level of income. The Fund maintains significant allocations to equities both prior to and after the target year and is generally expected to reach its most conservative allocation 10 years after the target year.The asset classes in which the Fund may invest generally are divided into domestic equity securities (such as the common stock of U.S. companies of any size), international equity securities (such as the common stock of foreign companies of any size, including those located in developed and emerging markets) and fixed income investments (such as debt securities issued by the U.S. Government and its agencies and instrumentalities, mortgage- and asset-backed securities (primarily government, corporate, and investment grade agency mortgage- and asset-backed securities), domestic and foreign investment grade bonds and high yield (or “junk”) bonds, inflation-indexed securities, and short-term investments such as money market instruments). The Fund is not limited with respect to the maturity, duration or credit quality of the fixed income securities in which it invests. The Underlying ETFs in which the Fund may invest also may invest in companies of any size and may invest in fixed income securities of any maturity, duration or credit quality. The longer a security’s duration, the more sensitive it will be to changes in interest rates, which may increase the volatility of the security’s value and may lead to losses. The Fund may hold cash or invest in short-term paper and other short-term investments (instead of allocating investments to an Underlying ETF) as deemed appropriate by the Fund’s investment adviser, Equitable Investment Management, LLC (the “Adviser”).The following chart shows the Fund’s target allocation for the various asset classes (as represented by the holdings of the Underlying ETFs in which the Fund invests) as of the date of this Prospectus. The Fund’s target allocation is measured with reference to the principal investment strategies of the Underlying ETFs; actual exposure to equity securities and fixed income securities will vary from the target allocation if an Underlying ETF is not substantially invested in accordance with its principal investment strategies.Approximate Number of Years Before/After Retirement Year21 YearsBefore15 YearsBefore10 YearsBefore5 YearsBeforeRetirement5 YearsAfter10 YearsAfterAsset ClassDomestic Equity57%52%50%42%35%30%15%International Equity25%23%20%18%15%10%5%Fixed Income18%25%30%40%50%60%80%The following chart shows the Fund’s “glide path” and illustrates how the asset mix of the Fund will change over time. In general, the asset mix of the Fund will gradually shift from one comprised largely of Underlying ETFs that emphasize investments in stocks to one that increasingly favors Underlying ETFs that emphasize investments in bonds and money market instruments. The asset mix of the Fund will become more conservative each year until reaching the year approximately 10 years after the retirement year, at which time the asset mix will become relatively stable.The Adviser establishes the asset mix of the Fund and selects the specific Underlying ETFs in which to invest using its proprietary investment process, based on a variety of factors that include fundamental research regarding the investment characteristics of each asset class and the Underlying ETFs (such as risk, volatility, and the potential for growth and income), as well as its outlook for the economy and financial markets.With respect to its allocation to equity securities, the Fund’s 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. Volatility is one way to measure risk and, in this context, refers to the tendency of investments and markets to fluctuate over time. Stocks that exhibit lower absolute volatility may, over a market cycle, be able to earn investment returns comparable to market returns but with less volatility than the markets.The Adviser may change the asset allocation targets and may add new Underlying ETFs or replace or eliminate existing Underlying ETFs without notice or shareholder approval. The Adviser may sell the Fund’s holdings for a variety of reasons, including to invest in an Underlying ETF believed to offer superior investment opportunities.The Adviser will permit the relative weightings of the Fund’s asset classes to vary in response to the markets, ordinarily by not more than plus/minus 15%. Beyond those ranges, the Adviser generally will use cash flows, and periodically will rebalance the Fund’s investments, to keep the Fund within its asset allocation targets. However, there may be occasions when those ranges will expand to 20% due to a variety of factors, including appreciation or depreciation of one or more of the asset classes.The Underlying ETFs are investment companies or other investment vehicles whose shares are listed and traded on U.S. stock exchanges or otherwise traded in the over-the-counter market and may be purchased and sold throughout the trading day based on their market price. Generally, an index-based Underlying ETF seeks to track a securities index or a basket of securities that an “index provider” (such as Standard & Poor’s, Morgan Stanley Capital International (MSCI), FTSE Group, or Bloomberg) selects as representative of a market, market segment, industry sector, country or geographic region. An index-based Underlying ETF generally holds the same stocks or bonds as the index it seeks to track (or it may hold a representative sample of such securities). Accordingly, an index-based Underlying ETF is designed so that its performance, before fees and expenses, will correspond closely with that of the index it seeks to track. Underlying ETFs also may be actively managed.
Read More

TNOIX - Performance

Return Ranking - Trailing

Period TNOIX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.0% 3.2% 22.5% 89.74%
1 Yr 13.0% 5.4% 19.8% 90.26%
3 Yr 3.6%* -2.6% 9.4% 87.63%
5 Yr 6.2%* 4.8% 10.4% 94.80%
10 Yr N/A* 4.8% 9.8% N/A

* Annualized

Return Ranking - Calendar

Period TNOIX Return Category Return Low Category Return High Rank in Category (%)
2023 9.1% 4.8% 21.3% 97.42%
2022 -16.9% -65.7% -14.5% 2.58%
2021 9.2% -4.7% 18.7% 44.32%
2020 3.2% 2.3% 15.5% 99.42%
2019 20.3% 8.2% 23.0% 28.21%

Total Return Ranking - Trailing

Period TNOIX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.0% 3.2% 22.5% 89.74%
1 Yr 13.0% 5.4% 19.8% 90.26%
3 Yr 3.6%* -2.6% 9.4% 87.63%
5 Yr 6.2%* 4.8% 10.4% 94.80%
10 Yr N/A* 4.8% 9.8% N/A

* Annualized

Total Return Ranking - Calendar

Period TNOIX Return Category Return Low Category Return High Rank in Category (%)
2023 12.5% 11.2% 37.0% 99.48%
2022 -13.8% -28.2% 0.1% 10.82%
2021 15.9% 4.2% 22.9% 78.38%
2020 7.8% 7.8% 23.2% 100.00%
2019 22.5% 21.3% 37.2% 95.51%

NAV & Total Return History

TNOIX - Holdings

Concentration Analysis

TNOIX Category Low Category High TNOIX % Rank
Net Assets 9.3 M 6.93 M 79.9 B 98.46%
Number of Holdings 15 2 586 65.64%
Net Assets in Top 10 10.5 M 9.98 M 91 B 97.95%
Weighting of Top 10 92.47% 42.4% 144.1% 39.57%

Top 10 Holdings

  1. iShares Core SP Total U.S. Stock Market ETF 28.03%
  2. iShares Core U.S. Aggregate Bond ETF 15.66%
  3. iShares Core MSCI EAFE ETF 9.93%
  4. iShares MSCI USA Min Vol Factor ETF 9.22%
  5. Invesco SP 500 Low Volatility ETF 9.16%
  6. Invesco SP MidCap Low Volatility ETF 5.09%
  7. Invesco SP International Developed Low Volatility ETF 5.09%
  8. iShares MSCI EAFE Min Vol Factor ETF 5.02%
  9. iShares TIPS Bond ETF 2.73%
  10. SPDR SSGA US Small Cap Low Volatility Index ETF 2.54%

Asset Allocation

Weighting Return Low Return High TNOIX % Rank
Cash 		0.76% 0.00% 45.56% 33.85%
Convertible Bonds 		0.14% 0.00% 1.09% 31.79%
Stocks 		0.00% 0.00% 100.11% 95.90%
Preferred Stocks 		0.00% 0.00% 0.03% 46.15%
Other 		0.00% -0.02% 11.52% 55.38%
Bonds 		0.00% 0.00% 25.62% 60.00%

TNOIX - Expenses

Operational Fees

TNOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.25% 0.01% 19.43% 6.15%
Management Fee 0.50% 0.00% 0.88% 84.70%
12b-1 Fee 0.00% 0.00% 1.00% 5.56%
Administrative Fee 0.15% 0.01% 0.29% 48.78%

Sales Fees

TNOIX 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

TNOIX 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.

TNOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.00% 0.42% 115.00% 41.24%

TNOIX - Distributions

Dividend Yield Analysis

TNOIX Category Low Category High TNOIX % Rank
Dividend Yield 1.81% 0.00% 6.14% 92.82%

Dividend Distribution Analysis

TNOIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual SemiAnnual

Net Income Ratio Analysis

TNOIX Category Low Category High TNOIX % Rank
Net Income Ratio 1.21% -0.42% 3.87% 45.30%

Capital Gain Distribution Analysis

TNOIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Semi-Monthly Semi-Annually

Distributions History

View More +

TNOIX - 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.

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.

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.

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.

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
0.08 17.59 5.65 2.41

Advertisement

×

Wait! Rates are rising, is your portfolio ready?

×