Monthly Performance as of 06/30/2017
|Fund||1 month||3 month||YTD||1 yr||SI1|
|Class A (NAV)||0.80%||2.43%||8.38%||15.46%||4.37%|
|Class A with sales charges (MOP)2||-3.74%||-2.16%||3.48%||10.23%||1.98%|
|Class I (NAV)||0.92%||2.49%||8.51%||15.75%||4.63%|
|Class R (NAV)||0.88%||2.36%||8.24%||15.18%||4.11%|
|Bank of America Merrill Lynch All US Convertibles Index3||0.64%||2.46%||7.89%||16.79%||5.84%|
Expense Ratios as of 03/01/2017
||Gross Expense Ratio
||Net Expense Ratio4
|Class A Shares||2.17%||1.30%|
|Class I Shares||1.90%||1.05%|
|Class R Shares||2.40%||1.55%|
Performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance data may be higher or lower than actual data quoted. For the most current month-end performance data please call (888) 310-0416.
One cannot invest directly in an index.
Returns for periods of less than one year are not annualized.
1Fund inception date of July 6, 2015.
2Maximum Offering Price (MOP) for Class A shares includes the Fund's maximum sales charge of 4.50%. Performance shown at NAV does not include these sales charges and would have been lower had it been taken into account.
3BofA Merrill Lynch All U.S. Convertibles Index (the “Index”) consists of U.S. dollar denominated investment grade and non-investment grade convertible securities sold into the U.S. market and publicly traded in the United States. The Index constituents are market value weighted based on the convertible securities prices and outstanding shares, and the underlying index is rebalanced daily.
4Pursuant to a contract, 1290 Asset Managers has agreed to make payments or waive its management, administrative and other fees to limit the expenses of the Fund through April 30, 2018 (unless the Board of Trustees consents to an earlier revision or termination of this arrangement) ("Expense Limitation Arrangement") so that the annual operating expenses of the Fund (exclusive of taxes, interest, brokerage commissions, capitalized expenses (other than offering costs), fees and expenses of other investment companies in which the Fund may invest, 12b-1 fees, and extraordinary expenses) do not exceed an annual rate of average daily net assets of 1.05% for Class A shares, Class I shares and Class R Shares of the Fund. The Expense Limitation Arrangement may be terminated by 1290 Asset Managers® at any time after April 30, 2018.