TNNIX Fees and Costs — 1290 Retirement 2040 Fund, Class I
Data updated: 2025-06-24
The net expense ratio is 0.65% (2.30% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $360 in broker commissions, 0.0047% of average net assets, and portfolio turnover was 19%.
TNNIX Fees and Expenses
Annual operating expenses and sales charges of TNNIX. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.69% |
| Gross expense ratio | 2.30% |
| Fee waiver | −1.65% |
| Net expense ratio | 0.65% |
| 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 |
TNNIX Costs Over Time
On $10,000 invested in TNNIX, assuming 5% a year before costs, total costs come to $412 over 5 years, cutting the return by 0.69% 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 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $0 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $226 | $412 |
| Value after costs | $10,431 | $11,350 | $12,350 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
TNNIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0047%
- Total broker commissions: $360
- Bought from dealers (principal trades, not a cost): $2.3M
- Portfolio turnover (prospectus): 19%
- Securities on loan, average value: $379K
- Net income from securities lending: $1K (0.014% of average net assets)
TNNIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $257 | 71.39% |
| Morgan Stanley & Co. LLC | $103 | 28.61% |
TNNIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2.3M | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.