Experienced investment managers. Specialized investment mandates. The power of diversification.

1290 Asset Managers® builds on the global scope, experience, and substantial resources of AXA1 to offer investors specialty mutual funds structured to complement traditional investment strategies. Each 1290 Fund is the result of the collaboration of more than 50 professionals with backgrounds across portfolio and asset management, fund development, operational and critical legal, regulatory and compliance fields.

1290 Funds® is a family of mutual funds advised by 1290 Asset Managers®, the trade name for Equitable Funds Management Group, LLC (FMG LLC), a wholly owned subsidiary of AXA.1 FMG LLC oversees more than 40 registered firms in over 100 investment portfolios. With approximately $100 billion in (AUM), FMG LLC ranks among the top 10% (measured by AUM) of investment advisers in the United States.2

The 1290 Funds® bring the expertise of the following investment management firms to help individual investors build a well-diversified portfolio.

More than 150 years of promises kept

Since 1859, AXA Equitable Life Company (AXA Equitable) has stood among the nation’s premier providers of life insurance and annuity products. While AXA Equitable, which is part of the global AXA Group, has grown considerably over the decades, it has not lost sight of a fundamental commitment: helping people build sound financial futures through honesty, integrity, trustworthiness, and innovative financial strategies.

1-888-310-0416 www.1290funds.com Total Expense What Min. Initial Inception Symbol CUSIP Ratio You Pay Investment Date Dividends Adviser Subadviser 1290 GAMCO Small/Mid Cap Value Fund Class A TNVAX 68246A 108 6.41% 1.35%^ 1290 Asset Class I TNVIX 68246A 306 5.69% 1.10%^ $1,000* 11/12/14 Annually GAMCO Investors, Inc. Managers® Class R TNVRX 68246A 405 6.86% 1.60%^ 1290 High Yield Bond Fund Class A TNHAX 68246A 504 1.99% 1.10%^ 1290 Asset Class I TNHIX 68246A 702 1.74% 0.85%^ $1,000* 11/12/14 Monthly AXA Investment Managers, Inc. Managers® Class R TNHRX 68246A 801 2.24% 1.35%^ 1290 SmartBeta Equity Fund Class A TNBAX 68246A 884 2.98% 1.35%^ 1290 Asset AXA Rosenberg Investment Class I TNBIX 68246A 868 2.73% 1.10%^ $1,000* 11/12/14 Annually Managers® Management LLC Class R TNBRX 68246A 850 3.23% 1.60%^ 1290 Convertible Securities Fund Class A TNFAX 68246A 793 2.09% 1.30%^ 1290 Asset Class I TNFIX 68246A 777 1.72% 1.05%^ $1,000* 7/6/15 Monthly Palisade Capital Management, LLC Managers® Class R TNFRX 68246A 769 2.22% 1.55%^ 1290 Multi-Alternative Strategies Fund Class A TNMAX 68246A 843 3.01% 1.65%^ 1290 Asset Class I TNMIX 68246A 827 2.72% 1.40%^ $1,000* 7/6/15 Annually N/A Managers® Class R TNMRX 68246A 819 3.22% 1.90%^ 1290 Unconstrained Bond Managers Fund Class A TNUAX 68246A 710 1.62% 1.40%^ Pacific Investment Management Company 1290 Asset Class I TNUIX 68246A 686 1.36% 1.15%^ $1,000* 7/6/15 Monthly LLC (PIMCO) and TCW Investment Managers® Class R TNURX 68246A 678 1.88% 1.65%^ Management Company 1290 DoubleLine Dynamic Allocation Fund Class A TNXAX 68259P 570 1.88% 1.32%^ 1290 Asset Class I TNVDX 68259P 554 1.63% 1.07%^ $1,000* 3/7/16 Annually DoubleLine Capital LP Managers® Class R TNYRX 68259P 547 2.13% 1.57%^ 1290 Global Talents Fund Class A TNYAX 68259P 489 2.30% 1.40%^ 1290 Asset Class I TNYFX 68259P 463 2.05% 1.15%^ $1,000* 4/11/16 Annually AXA Investment Managers, Inc. Managers® Class R TNTRX 68259P 455 2.55% 1.65%^

* Refer to Prospectus for other Fund minimums. ^ What You Pay reflects the Adviser’s decision to contractually limit expenses through April 30, 2017. Please see the prospectus for additional information.

1 “AXA” is the brand name for the AXA Equitable Financial Services, LLC family of companies, including AXA Equitable Life Insurance Company and its wholly-owned subsidiary AXA Equitable Funds Management Group, LLC, doing business in certain instances, including here, as 1290 Asset Managers. AXA S.A. is a French holding company for a group of international insurance and financial services companies, including AXA Equitable Financial Services, LLC. 2 Source: Investment Company Institute. Rankings are based on company assets under management (AUM) and are subject to change. As of 12/31/15, FMG LLC ranked number 34 out of 324 U.S. Investment Management Firms. All information as of 12/31/15. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, please log on to www.1290funds.com or contact your investment professional. Read the prospectus carefully before investing. Investing involves risks, including loss of principal. Investments in smaller companies generally lead to greater price volatility. Fixed income investing is subject to fluctuations in price due to issuer and credit quality, rising interest rates, and inflation. Diversification does not eliminate the risk of experiencing investment losses. The Funds are new and have limited operating history. The Funds are not insured by the FDIC; are not guaranteed bank deposits; and are subject to investment risks, including loss of principle. 1290 Funds is part of the family of mutual funds advised by AXA Equitable Funds Management Group, LLC (FMG, LLC), doing business in this instance as 1290 Asset Managers. FMG, LLC is a wholly owned subsidiary of AXA Equitable Life Insurance Company (AXA Equitable), NY, NY. AXA Distributors, LLC is the wholesale distributor of the 1290 Funds. AXA Advisors, LLC (member FINRA, SIPC) offers the 1290 Funds to retail investors. 1290 Asset Managers® and the 1290 Funds® are registered service marks of AXA Equitable Life Insurance Company, New York, NY 10104. Funds distributed by ALPS Distributors, Inc. ALPS Distributors, Inc., which is not affiliated with FMG, LLC, AXA Equitable, AXA Distributors, AXA Advisors, AXA Investment Managers, Inc., AXA Rosenberg Investment Management LLC, GAMCO Investors, Inc., Pacific Investment Management Company LLC, Palisade Capital Management, LLC, TCW Investment Management Company or DoubleLine Capital LP. ALPS, A DST Company, 1290 Broadway, Suite 1100, Denver, CO 80203 © 2016 AXA Equitable Life Insurance Company. All rights reserved. 1290 Avenue of the Americas, New York, NY 10104 AXA000322 123116

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