TNBRX Fees and Costs — 1290 SmartBeta Equity Fund, Class R
Data updated: 2026-09-25
The net expense ratio is 1.35%: a 0.70% management fee, a 0.50% 12b-1 fee plus 0.38% other expenses, less a 0.23% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $15K in broker commissions, 0.0068% of average net assets, and portfolio turnover was 33%.
TNBRX Fees and Expenses
Annual operating expenses and sales charges of TNBRX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.38% |
| Gross expense ratio | 1.58% |
| Fee waiver | −0.23% |
| Net expense ratio | 1.35% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
TNBRX Costs Over Time
On $10,000 invested in TNBRX, assuming 5% a year before costs, total costs come to $843 over 5 years, cutting the return by 1.42% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.35%) | $142 | $441 | $761 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $142 | $465 | $843 |
| Value after costs | $10,358 | $11,111 | $11,920 |
| Impact on return, per year | 1.42% | 1.42% | 1.42% |
TNBRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0068%
- Total broker commissions: $15K
- Bought from dealers (principal trades, not a cost): $98.0M
- Portfolio turnover (prospectus): 33%
- Securities on loan, average value: $1.4M
- Net income from securities lending: $18K (0.008% of average net assets)
TNBRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $2K | 16.78% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $2K | 16.42% |
| Goldman Sachs & Co. LLC | $1K | 12.66% |
| UBS Securities LLC | $1K | 11.92% |
| Nomura Securities International, Inc. | $1K | 9.47% |
| BofA Securities, Inc. | $1K | 8.78% |
| J.P. Morgan Securities LLC | $713 | 6.18% |
| RBC Capital Markets, LLC | $699 | 6.06% |
| BNP Paribas Securities Corp. | $683 | 5.93% |
| Morgan Stanley & Co. LLC | $669 | 5.80% |
TNBRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $98.0M | 100.00% |
1290 SmartBeta Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TNBIX | Class I | 0.85% | none |
| TNBAX | Class A | 1.10% | 5.50% |
| TNBRX | Class R | 1.35% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.