Liquidation: 1290 Funds

Form Type: 497

Filing Date: 2025-03-20

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525058862

Filing Summary: This document serves as a Supplement to the Summary Prospectus, Prospectus, and Statement of Additional Information of 1290 Funds. It informs shareholders about the liquidation and termination of several funds under the Trust, specifically the 1290 Retirement 2020 through 2055 Funds. A meeting on March 18-19, 2025, led to the approval of a Plan of Liquidation by the Board of Trustees based on a recommendation from the Trust's investment adviser. The liquidation is expected to occur on or around May 30, 2025, during which each Fund will sell its portfolio securities for cash and make a liquidating distribution to shareholders. After this distribution, the funds will terminate. Shareholders cannot purchase or exchange shares in these funds after March 26, 2025. Shareholders are advised that any exchanges or redemptions prior to the Liquidation Date will have tax implications.

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Form Type: 497K

Filing Date: 2025-03-20

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525058872

Filing Summary: This Supplement dated March 20, 2025, updates information regarding the liquidation and termination of various funds managed by 1290 Funds, specifically the 1290 Retirement 2020, 2025, 2030, 2035, 2040, 2045, 2050, and 2055 Funds. Following a meeting of the Trust's Board of Trustees on March 18-19, 2025, a Plan of Liquidation and Termination was approved, whereby each fund will liquidate its assets and terminate by approximately May 30, 2025. Shareholders will receive liquidating distributions equivalent to their proportionate interest in the net assets of each fund, which are considered taxable events. No further purchases or exchanges into the funds will be accepted after March 26, 2025, and funds may deviate from their stated investment strategies during the liquidation process. Shareholders are encouraged to consult tax advisers regarding the potential tax implications of these actions.

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Form Type: 497K

Filing Date: 2025-03-20

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525058873

Filing Summary: This supplement updates information regarding the liquidation and termination of several funds of the Trust, including the 1290 Retirement 2020 Fund, 2025 Fund, 2030 Fund, 2035 Fund, 2040 Fund, 2045 Fund, 2050 Fund, and 2055 Fund. The Board of Trustees approved a Plan of Liquidation and Termination on March 18-19, 2025, which outlines the process for liquidating and terminating each fund. Liquidation is expected to occur on or about May 30, 2025. By this date, each fund will sell its portfolio securities and convert any other assets to cash while settling all liabilities. Shareholders will receive a liquidating distribution equivalent to their interest in the net assets, recognizing tax implications for non-tax-exempt shareholders. Post-March 26, 2025, no purchases or exchanges into these funds will be allowed, and funds may temporarily deviate from investment strategies during the liquidation process. Shareholders may redeem or exchange shares for other funds, which will also be taxable events unless held in tax-deferred accounts. For further inquiries, a contact number is provided.

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Form Type: 497K

Filing Date: 2025-03-20

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525058874

Filing Summary: This Supplement updates the Summary Prospectus, Prospectus, and Statement of Additional Information of 1290 Funds dated March 1, 2025. It provides information about the impending liquidation and termination of several funds under the Trust, specifically the 1290 Retirement Funds including the 2020, 2025, 2030, 2035, 2040, 2045, 2050, and 2055 Funds. The Board of Trustees approved a Plan of Liquidation on March 18-19, 2025, with liquidations expected around May 30, 2025. Each Fund will liquidate by selling its portfolio securities for cash and paying off any liabilities. Shareholders will receive a liquidating distribution for their proportionate interest in the net assets, which will be taxable. No further purchases or exchanges into the Funds will be accepted after March 26, 2025. Shareholders can exchange or redeem shares until the Liquidation Date, but these transactions may incur tax consequences. For further assistance, shareholders can contact the support line.

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Form Type: 497K

Filing Date: 2025-03-20

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525058875

Filing Summary: This Supplement updates the Summary Prospectus, Prospectus, and Statement of Additional Information (SAI) of 1290 Funds, dated March 1, 2025, providing information about the liquidation and termination of specific funds: 1290 Retirement 2020 Fund, 2025 Fund, 2030 Fund, 2035 Fund, 2040 Fund, 2045 Fund, 2050 Fund, and 2055 Fund. Approved by the Board on March 18-19, 2025, the Plan of Liquidation outlines that each Fund will liquidate and terminate by approximately May 30, 2025. Funds will sell their portfolio securities for cash, convert other assets, and pay liabilities by the Liquidation Date. Remaining shareholders will receive liquidating distributions, which will be taxable for non-tax-exempt shareholders. Purchases or exchanges into any Fund will not be accepted after March 26, 2025, and funds may deviate from their investment strategies during the liquidation process. Shareholders can redeem shares or exchange them prior to the Liquidation Date, but these transactions may also have tax implications. For more details, shareholders can call 1-888-310-0416.

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Form Type: 497K

Filing Date: 2025-03-20

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525058876

Filing Summary: This supplement updates information in the Summary Prospectus, Prospectus, and Statement of Additional Information for the 1290 Funds, specifically regarding the liquidation and termination of multiple funds including the 1290 Retirement 2020 Fund, 2025 Fund, 2030 Fund, 2035 Fund, 2040 Fund, 2045 Fund, 2050 Fund, and 2055 Fund. The Trust's Board of Trustees approved a Plan of Liquidation and Termination, with liquidations expected to occur by May 30, 2025. Shareholders will receive liquidating distributions upon termination, which will be taxable events for non-tax-exempt shareholders. No further purchases or exchanges into these funds will be accepted after March 26, 2025, and portfolio securities will be sold to convert assets to cash prior to the liquidation. Shareholders can exchange or redeem shares until the Liquidation Date, with potential tax implications. For assistance, a contact number is provided.

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Form Type: 497K

Filing Date: 2025-03-20

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525058877

Filing Summary: This document is a Supplement dated March 20, 2025, to the Summary Prospectus, Prospectus, and Statement of Additional Information regarding the liquidation and termination of several funds managed by 1290 Funds, including the 1290 Retirement 2020 Fund, 1290 Retirement 2025 Fund, 1290 Retirement 2030 Fund, 1290 Retirement 2035 Fund, 1290 Retirement 2040 Fund, 1290 Retirement 2045 Fund, 1290 Retirement 2050 Fund, and 1290 Retirement 2055 Fund. The Board of Trustees approved a Plan of Liquidation and Termination on March 18-19, 2025, which entails the liquidation of each fund by May 30, 2025. Funds will sell their portfolio securities for cash and convert other assets into cash equivalents to settle any liabilities before distributing net assets proportionally to shareholders. This distribution will represent a taxable event for shareholders who are not tax-exempt. Following the distribution, each fund will terminate. The document sets a cutoff date of March 26, 2025, for any new purchases or exchanges into the funds, with an option for shareholders to redeem or exchange their shares until the Liquidation Date, noting that these actions could also result in taxable events.

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Form Type: 497K

Filing Date: 2025-03-20

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525058878

Filing Summary: The document details the liquidation and termination of multiple funds under the 1290 Funds Trust, including the 1290 Retirement 2020 Fund, 2025 Fund, 2030 Fund, 2035 Fund, 2040 Fund, 2045 Fund, 2050 Fund, and 2055 Fund. A Plan of Liquidation and Termination was approved by the Trust's Board of Trustees on March 18-19, 2025, and the liquidation of each fund is expected to occur around May 30, 2025. On the Liquidation Date, shareholders will receive a liquidating distribution representing their proportionate interest in the net assets of the funds, which will be taxable unless the shareholder is tax-exempt. Purchases and exchanges into the funds will not be accepted after March 26, 2025. Shareholders have the option to exchange shares or redeem shares prior to the Liquidation Date, both of which are considered taxable events. Further information can be obtained by calling the provided customer service number.

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Form Type: 497K

Filing Date: 2025-03-20

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525058879

Filing Summary: This Supplement updates information regarding the liquidation and termination of several funds within 1290 Funds, including the 1290 Retirement 2020 Fund, 2025 Fund, 2030 Fund, 2035 Fund, 2040 Fund, 2045 Fund, 2050 Fund, and 2055 Fund. At a recent meeting on March 18-19, 2025, the Board of Trustees approved a Plan of Liquidation and Termination for the funds. The liquidation is expected to occur on or about May 30, 2025. Each fund will liquidate by selling its portfolio securities for cash, converting other assets to cash, and paying off liabilities by the Liquidation Date. A liquidating distribution will be made to shareholders, which will be a taxable event unless the shareholder is tax-exempt. After March 26, 2025, no further purchases or exchanges into the funds will be allowed. Shareholders may redeem their shares or exchange them subject to certain conditions prior to the Liquidation Date. The document emphasizes the importance of consulting tax advisers regarding tax implications related to the liquidation, exchanges, or redemptions.

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