TNMAX Performance — 1290 Multi-Alternative Strategies Fund, Class A
Data updated: 2026-09-25
TNMAX returned +8.43% year to date and +16.21% over one year to Jul 2026. Annualised returns are +10.24% over 3 years and +4.00% over 5 years. Against its Long-Short Equity category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $134, against $131 for the category, and to $116 over one year, against $117. Volatility over the past three years was 5.85% a year. In the 12 months to Jul 2026 the fund took in a net $13.2M, and assets reached $38.14M.
TNMAX Growth of $100
What $100 invested in 1290 Multi-Alternative Strategies Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Short Equity category average over the same months.
| Period | TNMAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $116 | $117 |
| 3 years (Aug 2023 – Jul 2026) | $134 | $131 |
| 5 years (Aug 2021 – Jul 2026) | $122 | $132 |
| Since data start (Aug 2019 – Jul 2026) | $137 | $146 |
TNMAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +8.43% |
| 1 year | +16.21% |
| 3 years (annualised) | +10.24% |
| 5 years (annualised) | +4.00% |
TNMAX Annual Returns
Calendar-year total returns of 1290 Multi-Alternative Strategies Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +8.43% |
| 2025 | +13.22% |
| 2024 | +8.96% |
| 2023 | +5.05% |
| 2022 | −11.31% |
| 2021 | +2.96% |
| 2020 | +4.28% |
| 2019 (Aug–Dec) | +2.64% |
TNMAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.1% | +3.4% | −2.2% | +4.1% | +0.4% | −1.7% | +0.2% | — | — | — | — | — |
| 2025 | +2.1% | −0.1% | −0.4% | +0.1% | +1.3% | +2.1% | +0.5% | +2.2% | +2.8% | +1.2% | +0.8% | +0.1% |
| 2024 | −0.2% | +1.3% | +3.1% | −1.2% | +1.4% | +0.8% | +1.2% | +1.4% | +2.1% | −1.0% | +2.0% | −2.0% |
| 2023 | +4.1% | −2.6% | −0.6% | +0.1% | −1.2% | +2.6% | +2.5% | −1.3% | −1.5% | −1.1% | +2.1% | +2.1% |
| 2022 | −2.2% | +0.4% | +1.2% | −3.2% | −1.4% | −3.6% | +1.9% | −1.4% | −4.8% | +0.8% | +2.4% | −1.7% |
| 2021 | +0.7% | +1.7% | −0.2% | +2.5% | +0.9% | +0.5% | −0.7% | +0.2% | −1.7% | +1.9% | −3.3% | +0.6% |
| 2020 | −1.0% | −2.9% | −8.7% | +3.4% | +1.3% | +1.7% | +3.4% | +2.2% | −1.7% | −0.6% | +4.9% | +2.9% |
| 2019 | — | — | — | — | — | — | — | +0.1% | +0.4% | +0.7% | −0.1% | +1.5% |
TNMAX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 5.85%
- 3-year Sharpe ratio: 0.98 (vs 4.5% risk-free rate)
- Best month: +4.12% (Jan 2026)
- Worst month: −2.22% (Mar 2026)
TNMAX Fund Flows
Monthly money in and out of 1290 Multi-Alternative Strategies Fund, from SEC Form N-PORT.
- 12-month net flow: $13.2M
- 12-month gross sales (incl. reinvestments): $17.7M
- Sales ÷ redemptions: 3.95×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $2.1M | $566K | $1.5M |
| Jun 2026 | $2.2M | $581K | $1.6M |
| May 2026 | $1.9M | $406K | $1.5M |
| Apr 2026 | $1.9M | $359K | $1.5M |
| Mar 2026 | $2.0M | $811K | $1.2M |
| Feb 2026 | $1.3M | $174K | $1.2M |
| Jan 2026 | $804K | $406K | $399K |
| Dec 2025 | $1.5M | $366K | $1.2M |
| Nov 2025 | $849K | $156K | $693K |
| Oct 2025 | $1.1M | $352K | $705K |
| Sep 2025 | $1.3M | $33K | $1.3M |
| Aug 2025 | $656K | $255K | $401K |
TNMAX Assets Under Management
Net assets of 1290 Multi-Alternative Strategies Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $38.14M |
| 2026-04-30 | $33.85M |
| 2026-01-31 | $28.38M |
| 2025-10-31 | $25.33M |
| 2025-07-31 | $21.52M |
| 2025-04-30 | $19.54M |
| 2025-01-31 | $17.98M |
| 2024-10-31 | $16.39M |
| 2024-07-31 | $15.61M |
| 2024-04-30 | $14.54M |
| 2024-01-31 | $13.96M |
| 2023-10-31 | $13.80M |
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.