Aside from the overall view, portfolio managers at 1290 Funds have made a notable effort to align their interests with shareholders' by taking a personal stake and investing alongside them. Nearly 19% of the firm’s assets are represented by a manager who invests in their respective product. With an average asset-weighted tenure of nine years among the longest-tenured managers at 1290 Funds, the firm is on par with peers. Seasoned teams tend to have more experience to draw upon should they need to weather turbulent market conditions. The firm charges fees on its open-end and exchange-traded funds that are on par with category peers. On average, fees on its funds are within the middle quintile, giving it neither an advantage nor disadvantage compared with the competition.
In an increasingly competitive industry, 1290 Funds falls behind on a number of key metrics, resulting in a Low Parent Pillar rating.
United States