1290 Low Volatility Global Equity Fund

Data updated: 2020-09-28

C000174203 — 1290 Low Volatility Global Equity Fund. Capital Appreciation / Growth Allocation · $2.82M AUM. Holdings, fees, performance and SEC filings.

C000174203 Fund Overview

1290 Low Volatility Global Equity Fund is a US mutual fund managed by 1290 Funds, categorised as Capital Appreciation / Growth Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

  • Type: US mutual fund
  • Manager: 1290 Funds
  • Category: Capital Appreciation / Growth Allocation
  • Assets under management: $2.82M
  • 1-year return: -6.2%
  • SEC CIK: 0001605941
  • SEC series ID: S000055373
  • Share class ID: C000174203

C000174203 Investment Objective and Strategy

1290 Low Volatility Global Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by 1290 Funds.

Investment objective

Seeks long-term capital appreciation while managing portfolio volatility.

Principal investment strategy

The Fund pursues its investment objective by investing in exchange-traded securities of other investment companies or investment vehicles (Underlying ETFs). Under normal market conditions, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities through investments in Underlying ETFs that invest primarily in equity investments (such as common and preferred stocks, rights and warrants, and depositary receipts). Under normal market conditions, the Fund will invest 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. Under normal market conditions, the Fund expects to invest in Underlying ETFs such that no less than approximately 40% (or 30%, if market conditions are not deemed favorable by Fund management) of the Funds net assets will be indirectly invested in foreign securities. Under normal market conditions, the Fund will allocate its assets among at least three different countries (one of which may be the United States). Foreign securities are determined in accordance with the policies of the Underlying ETFs and may include securities of: (i) foreign government issuers, (ii) issuers organized or located outside the U.S., (iii) issuers which primarily trade in a market located outside the U.S., or (iv) issuers that are represented in an index of securities of non-U.S.

markets. The Fund may invest in Underlying ETFs that invest in securities of issuers of any size in developed and emerging markets throughout the world. 1290 Asset Managers (the Adviser) uses a two-stage asset allocation process to create an investment portfolio of ETFs for the Fund. The first stage involves a strategic asset allocation that is intended to achieve a desired risk/return profile for the Fund, while providing broad exposure to U.S. and foreign securities. In this stage, the Adviser decides what portion of the Funds assets should be invested in various geographic regions and market capitalization segments based on an evaluation of the potential return characteristics and risks of the particular asset classes in which the Fund may invest. Currently, the Fund intends to invest (through ETFs) approximately 50% of its assets in U.S.

securities. Among U.S. securities, the Fund intends to maintain approximately 30% exposure to large cap issuers and 20% to mid and small cap issuers. The Fund intends to invest (through ETFs) the remaining 50% of its assets in foreign securities, including maintaining approximately 15% exposure to securities of companies in emerging market countries. These percentages can deviate by up to 15% of the Funds assets. The Adviser may adjust these strategic asset allocations from time to time. The second stage of this process involves the selection of Underlying ETFs within each of the geographic regions and market capitalization segments identified as a result of the first stage of the investment process. The Adviser seeks to select a combination of Underlying ETFs that together provide the targeted geographic and market capitalization exposure for the Fund.

In selecting the Underlying ETFs, the Adviser also seeks to construct a diversified portfolio of ETFs that provides exposure to various methodologies used to reduce volatility. Individual ETF weights are based on a variety of factors, including the Underlying ETFs exposure to the desired geographic region or market cap segment, investment objective(s), total return, portfolio holdings, volatility, expenses and liquidity. The Adviser may sell an Underlying ETF for a variety of reasons, such as to invest in another security believed to offer superior investment opportunities. 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 Underlying ETF seeks to track a securities index or a basket of securities that an index provider (such as Standard & Poors Financial Services LLC, Morgan Stanley Capital International (MSCI), FTSE Group, or Bloomberg Barclays) selects as representative of a market, market segment, industry sector, country or geographic region. An index-based Underlying ETF generally holds the same stocks as the index it tracks (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 tracks. Underlying ETFs may also be actively managed. For purposes of complying with the Funds investment policies, the Adviser will identify Underlying ETFs in which to invest by reference to such Underlying ETFs investment policies at the time of investment.

An Underlying ETF that changes its investment policies subsequent to the time of the Funds investment may continue to be considered an appropriate investment for purposes of the policy. The Adviser may add new Underlying ETFs or replace or eliminate existing Underlying ETFs without notice or shareholder approval. The Underlying ETFs have been selected to represent a reasonable spectrum of investment options for the Fund. The Adviser may sell the Funds holdings for a variety of reasons, including to invest in an Underlying ETF believed to offer superior investment opportunities. 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 Adviser.

C000174203 Performance

Total returns for C000174203 (as of 2026-10-01), from SEC filings.

PeriodTotal return
1 year-6.2%

C000174203 Risk Information

Risk metrics for C000174203, derived from monthly returns in SEC filings.

  • 1-year volatility (annualised): 18.5%

C000174203 Costs and Fees

C000174203 costs about $65 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 0.65%
  • Gross expense ratio: 4.80%
  • Portfolio turnover: 4%
  • Brokerage commissions: 0.25 bps of average net assets (SEC N-CEN)

C000174203 Cashflows

Over the 12 months to 2020-07, 1290 Low Volatility Global Equity Fund had net outflows of $157.22K, from monthly SEC N-PORT filings.

MonthNet flow
2020-07−$101.09K
2020-06−$11.89K
2020-05−$41.98K
2020-04$5.71K
2020-03−$20.38K
2020-02−$50.02K

C000174203 Debt Constituents

No individual debt constituents are reported in 1290 Low Volatility Global Equity Fund's latest SEC N-PORT filing.

C000174203 Prospectus and SEC Filings

Official 1290 Low Volatility Global Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Capital Appreciation / Growth Allocation funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.