TNNIX — 1290 Retirement 2040
Data updated: 2025-06-24
TNNIX — 1290 Retirement 2040. Target Date / Glide Path Allocation · $3.57M AUM · 0.65% expense ratio. Holdings, fees, performance and SEC filings.
TNNIX Fund Overview
TNNIX — 1290 Retirement 2040 is a US mutual fund managed by 1290 Funds, categorised as Target Date / Glide Path 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: Target Date / Glide Path Allocation
- Assets under management: $3.57M
- 1-year return: 12.5%
- Ticker: TNNIX
- SEC CIK: 0001605941
- SEC series ID: S000052772
- Share class ID: C000165744
TNNIX Investment Objective and Strategy
1290 Retirement 2040 describes its objective and strategy as follows, from its latest prospectus filed with the SEC by 1290 Funds.
Investment objective
Seeks the highest total return over time consistent with its asset mix while managing portfolio volatility. Total return includes capital growth and income.
Principal investment strategy
"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 to target 2040 as the specific year of planned retirement (the retirement year or target year). The retirement year also assumes that an investor retires at age 65; however, the Fund should not be selected solely on the basis of an investors age or the target year. The Funds 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 balances the need for appreciation with the need for income as retirement approaches, and focuses on supporting 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, domestic and foreign investment grade 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 may also invest in fixed income securities of any maturity, duration or credit quality. 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. The following chart shows the Funds 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. 1290 Retirement 2040 Fund Targets Approximate Number of Years Before/After Retirement Year 22 Years Before 20 Years Before 15 Years Before 10 Years Before 5 Years Before Retirement 5 Years After 10 Years After Asset Class Domestic Equity 58% 56% 52% 50% 42% 35% 30% 15% International Equity 25% 24% 23% 20% 18% 15% 10% 5% Fixed Income 17% 20% 25% 30% 40% 50% 60% 80% The following chart illustrates how the asset mix of the Fund will vary 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 Funds investment adviser, 1290 Asset Managers (the Adviser), establishes the asset mix of the Fund and selects the specific Underlying ETFs in which to invest using its proprietary investment process, which is based on 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 Funds 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 Funds 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 Funds 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 Funds 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 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 Barclay's) 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 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 also may be actively managed. The Fund may also lend its portfolio securities to earn additional income."
TNNIX Holdings
Top 10 holdings of 1290 Retirement 2040 by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| iShares Core S&P Total U.S. Stock Market ETF | 25.29% |
| iShares Core U.S. Aggregate Bond ETF | 20.39% |
| iShares Core MSCI EAFE ETF | 9.66% |
| iShares MSCI USA Min Vol Factor ETF | 8.54% |
| Invesco S&P 500 Low Volatility ETF | 8.28% |
| Invesco S&P International Developed Low Volatility ETF | 5.01% |
| iShares MSCI EAFE Min Vol Factor ETF | 4.99% |
| Invesco S&P MidCap Low Volatility ETF | 4.57% |
| iShares TIPS Bond ETF | 3.63% |
| iShares Core MSCI Emerging Markets ETF | 2.14% |
TNNIX Portfolio Allocation
Asset-class allocation of 1290 Retirement 2040 by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Other | 98.6% |
TNNIX Performance
Total returns for TNNIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 12.5% |
| 3 years (annualised) | 6.9% |
| 5 years (annualised) | 8.8% |
TNNIX Risk Information
Risk metrics for TNNIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.0%
TNNIX Costs and Fees
TNNIX costs about $65 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.65%
- Gross expense ratio: 2.30%
- Portfolio turnover: 19%
- Brokerage commissions: 0.47 bps of average net assets (SEC N-CEN)
TNNIX Cashflows
Over the 12 months to 2025-04, 1290 Retirement 2040 had net outflows of $3.88M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-04 | −$2.15K |
| 2025-03 | −$4.53K |
| 2025-02 | $4.36K |
| 2025-01 | −$4.24M |
| 2024-12 | $298.07K |
| 2024-11 | $84.50K |
TNNIX Debt Constituents
No individual debt constituents are reported in 1290 Retirement 2040's latest SEC N-PORT filing.
TNNIX Prospectus and SEC Filings
Official 1290 Retirement 2040 filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-02-25
- Prospectus (485BPOS) — filed 2024-02-22
- Prospectus (485BPOS) — filed 2023-02-23
- Portfolio holdings (N-PORT) — filed 2025-06-24
- Portfolio holdings (N-PORT) — filed 2025-03-26
- Portfolio holdings (N-PORT) — filed 2024-12-23
- Annual census (N-CEN) — filed 2025-01-10
- Annual census (N-CEN) — filed 2024-01-10
Related Funds
Other Target Date / Glide Path 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.