Fund Group Provides Institutional-Quality
Investment Expertise for Financial Professionals and Individual
Clients
AXA Equitable, a leading financial protection company, announced
today its 1290 Funds have reached a significant performance
milestone, achieving a three-year track record and earning a
four-star Morningstar Rating™ for three of its funds based on
risk-adjusted returns.
The 1290 Funds provide institutional-quality investment
expertise for financial professionals and all types of individual
investors, through a thoughtfully designed lineup. The four-star
rated funds are as follows (as of December 11, 2017):
• 1290 GAMCO Small/Mid Cap Value Fund (TNVIX): A small- and
mid-capitalization strategy. As of 11/30/2017, this Fund (I Shares)
had an Overall Morningstar Rating™ of four stars out of 653 US
Small Blend funds that are rated by Morningstar.
• 1290 High Yield Bond Fund (TNHIX): An actively-managed high
yield strategy combining bottom-up security selection with macro
perspective. As of 11/30/2017, this Fund (I Shares) had an Overall
Morningstar Rating™ of four stars out of 612 US High Yield Bond
funds that are rated by Morningstar.
• 1290 SmartBeta Equity Fund (TNBIX): A strategy that seeks to
avoid full participation in speculative bubbles and exhibit less
extreme downturns during market shocks. As of 11/30/2017, this Fund
(I Shares) had an Overall Morningstar Rating™ of four stars out of
711 US World Large Stock funds that are rated by Morningstar.
AXA’s 1290 Funds launched in November of 2014 and has a total of
18 funds. Most recently, in 2016, the group added a new
low-volatility equity fund and a suite of nine target-date funds
which invest extensively in ETFs.
For nearly 20 years, 1290 Asset Managers, the investment advisor
to 1290 Funds, has delivered a multi-asset-class investment
portfolio through an open-architecture platform of well-known
subadvisors. The group leverages AXA’s global resources and
footprint to bring institutional asset management expertise to the
U.S. market in high-growth investment niches, such as high yield
and smart beta.
Mutual fund investing involves risk; Principal loss is
possible.
Please consider the charges, risks, expenses, and investment
objectives carefully before purchasing a mutual fund. For a
prospectus containing this and other information, please contact a
Financial Professional. Read it carefully before you invest or send
money.
Investments in small/mid cap companies may involve greater risks
than investments in larger, more established issuers. An investor’s
principal value in a target-date fund is not guaranteed at any
time, including at the fund’s target date. Investment
diversification does not guarantee a profit or protection against
loss. Past investment performance is no indication or guarantee of
future performance or results.
1290 Funds® is a registered service mark of AXA Equitable Life
Insurance Company, New York, NY 10104. AXA Equitable Funds
Management Group, LLC (FMG LLC), doing business as 1290 Asset
Managers, serves as investment adviser to the 1290 Funds. AXA S.A.
is a French holding company for a group of international insurance
and financial services companies, including AXA Equitable Life
Insurance Company (NY, NY) and its wholly owned subsidiary, FMG
LLC. The 1290 Funds are distributed by ALPS Distributors, Inc.,
which is not affiliated with FMG, LLC, AXA Equitable, AXA Advisors
or the subadvisors.
ALPS Distributors, Inc., is not affiliated with the investment
advisor or subadvisors. ALPS, A DST Company, 1290 Broadway, Suite
1100, Denver, CO 80203.
Securities products are offered through AXA Advisors, LLC
(member FINRA and SIPC) 1290 Avenue of the
Americas, NY, NY 10104 (212) 314-4600
© 2017 Morningstar. All Rights Reserved. The information
contained herein: (1) is proprietary to Morningstar and/or its
content providers; (2) may not be copied or distributed; and (3) is
not warranted to be accurate, complete or timely. Neither
Morningstar nor its content providers are responsible for any
damages or losses arising from any use of this information.
The Morningstar Rating for funds, or "star rating", is
calculated for managed products (including mutual funds, variable
annuity and variable life subaccounts, exchange-traded funds,
closed-end funds, and separate accounts) with at least a three-year
history. Exchange-traded funds and open-ended mutual funds are
considered a single population for comparative purposes. It is
calculated based on a Morningstar Risk-Adjusted Return measure that
accounts for variation in a managed product's monthly excess
performance, placing more emphasis on downward variations and
rewarding consistent performance. The top 10% of products in each
product category receive 5 stars, the next 22.5% receive 4 stars,
the next 35% receive 3 stars, the next 22.5% receive 2 stars, and
the bottom 10% receive 1 star. The Overall Morningstar Rating for a
managed product is derived from a weighted average of the
performance figures associated with its three-, five-, and 10- year
(if applicable) Morningstar Rating metrics. The 1290 GAMCO
Small/Mid Cap Value Fund (I Share) was rated 4 stars out of 653 US
Small Blend Funds. The 1290 High Yield Bond Fund (I Share) was
rated 4 stars out of 612 US High Yield Bond Funds. The 1290
SmartBeta Equity Fund (I Share) was rated 4 stars out of 711 US
World Large Stock Funds.
Past performance is no guarantee of future results.
About AXA
“AXA”(or AXA in the U.S.) is a brand name of AXA Equitable
Financial Services, LLC and its family of companies, including AXA
Equitable Life Insurance Company (NY, NY), MONY Life Insurance
Company of America (AZ stock company, administrative office: Jersey
City, NJ), AXA Advisors, LLC, and AXA Distributors, LLC. In
business since 1859, AXA Equitable Life Insurance Company is a
leading financial protection company and one of the nation’s
premier providers of life insurance and annuity products
distributed to individuals and business owners through its retail
distribution channel, AXA Advisors, LLC (member FINRA, SIPC) and to
the financial services market through its wholesale distribution
channel, AXA Distributors, LLC.
AXA S.A. (also referred to as “AXA Group”) is a
Paris-headquartered holding company for a group of international
insurance and financial services companies, including AXA Equitable
Financial Services, LLC companies. AXA S.A. is a worldwide leader
in financial protection strategies and wealth management with 107
million clients in 64 countries as of Dec. 31, 2016. AXA S.A. has
been ranked the No. 1 insurance brand in the world by Interbrand
for nine consecutive years as of Sept. 25, 2017.
The obligations of AXA Equitable Life Insurance Company and MONY
Life Insurance Company of America are backed solely by their
claims-paying ability. Find AXA on Facebook, Twitter and LinkedIn.
For more information, visit www.axa.com. GE-131949(12/17)(exp.
12/19)
About 1290 Asset Managers:
1290 Asset Managers® serves as the investment advisor to the
1290 Funds, managing approximately $108.9 billion in total assets
under management in insurance separate accounts, U.S. mutual funds
and offshore funds as of 10/31/17. 1290 Asset Managers® serves as
the trade name of AXA Equitable Funds Management Group, LLC (FMG),
a wholly owned subsidiary of AXA Equitable Life Insurance
Company.
1290 Funds is part of the AXA family in the U.S. The 1290 Funds
were named after AXA’s corporate headquarters building at 1290
Avenue of the Americas in Manhattan, the heart of New York City. To
learn more about the 1290 Funds and see detailed profiles of each
mutual fund, please visit: www.1290funds.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171211005747/en/
AXAMedia:John Cline,
212-314-2010mediarelations@axa.us.comorJennifer Recine,
212-314-2010mediarelations@axa.us.com
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