AXA Equitable Life’s 1290 Funds Honored with 2019 Lipper Fund Award

AXA Equitable Life, a leading financial services company, today announced that its 1290 SmartBeta Equity Fund received a Lipper Fund Award from Refinitiv¹ for best fund over a three-year period in the Global Large-Cap Core Funds classification². The Lipper Fund Awards are granted annually and reward consistent outperformance of individual funds and fund companies.

"We’re honored to receive this Lipper Fund Award, which is a testament to our fund managers’ commitment to helping our clients protect and grow their assets,” said Michal Levy, an officer of 1290 Funds. "The 1290 SmartBeta Equity Fund is designed to help our clients realize the potential for competitive returns from their investment while providing some protection from market volatility. The Fund is just one of the financial strategies we offer to help individuals build sound financial futures and navigate changes in the market.”

The 1290 SmartBeta Equity Fund seeks to achieve long-term capital appreciation and invests primarily in equity securities of U.S. and foreign companies in developed markets. This smart beta strategy is designed to complement traditional indexing strategies, investing broadly across diversified companies and industries.

1290 Asset Managers, the investment advisor to 1290 Funds, delivers multi-asset-class investment portfolios through a platform of well-known subadvisors. The group leverages AXA Equitable Life’s resources to bring institutional asset management expertise in potentially high-growth investment niches, such as high yield and smart beta.

The 1290 SmartBeta Equity Fund is subadvised by AXA Investment Managers (AXA IM), an active, long-term, global multi-asset manager. With approximately $834 billion in assets under management (as of 12/31/18), AXA IM employs over 2,350 employees around the world and operates out of 30 offices across 21 countries. AXA IM is part of the AXA Group, a world leader in financial protection and wealth management.

The methodology for the Lipper Fund Awards from Refinitiv is based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The highest Lipper Leader for Consistent Return value within each eligible classification determines the fund classification winner over three, five or 10 years.

AXA Equitable Life is one of the leading financial services companies in the U.S., focused on helping clients prepare for their financial future with confidence and retire with dignity. The company provides advice and solutions that help individuals set and meet their retirement goals, as well as protect and transfer their wealth across generations through market-leading businesses in retirement, wealth management, protection solutions and funds management.

About AXA Equitable Life

AXA Equitable Life is a wholly-owned indirect subsidiary of AXA Equitable Holdings, Inc. (NYSE: EQH). Founded in 1859, the company is one of America’s leading financial services providers with 2.8 million customers and more than $196 billion of assets under management (as of 12/31/18). AXA Equitable Life’s mission is to help people retire with dignity, protect their families and prepare for their financial futures with confidence.

About the Lipper Fund Awards from Refinitiv

The Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Lipper Fund Award. For more information, see lipperfundawards.com.

The 1290 SmartBeta Equity Fund is distributed by ALPS Distributors, Inc., which is not affiliated with FMG, LLC, AXA Equitable Life Insurance Company (NY, NY), AXA Distributors, LLC AXA Advisors, LLC (member SIPC) AXA Investment Managers, Inc., or AXA Investment Management LLC.

An investor should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus containing this and other information, please call 1-888-310-0416 or download the file from www.1290funds.com. Read the prospectus carefully before you invest.

Equity Risk: The risk that the value of equity securities, including common stocks, may fall due to both changes in general economic and political conditions that impact the market as a whole, as well as factors that directly relate to a specific company or its industry. Foreign Securities Risk: Investments in foreign securities, including depositary receipts, involve risks not associated with investing in U.S. securities. Foreign markets, particularly emerging markets, may be less liquid, more volatile and subject to less government supervision than domestic markets. Security values also may be negatively affected by changes in the exchange rates between the U.S. dollar and foreign currencies. Differences between U.S. and foreign legal, political and economic systems, regulatory regimes and market practices also may impact security values and it may take more time to clear and settle trades involving foreign securities. Alternative Investment Risk: such investments may use a different approach to investing than do more traditional investments to which their performance is generally not expected to correlate closely. Alternative investments can be highly volatile. It is not possible to invest directly in an index.

¹ Lipper Fund Award from Refinitiv, ©2019 Refinitiv. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited.

² 1290 SmartBeta Equity Fund received a Lipper Fund Award from Refinitiv for best fund over a three-year period in the Global Large-Cap Core Funds classification. 1290 SmartBeta Equity Fund was ranked first in Consistent Return over 36 months out of 15 funds in Lipper’s Global Large-Cap Core classification. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Lipper Fund Award. A Lipper Leader for Consistent Return is a fund that has provided superior consistency and risk-adjusted returns when compared to a group of similar funds. Lipper Leader ratings for Consistent Return reflect funds’ historic returns, adjusted for volatility, relative to peers. The overall calculation is based on an equal-weighted average of percentile ranks for the Consistent Return metrics over 3-years, 5-years and ten years. The calculation periods are through the end of November of the respective evaluation year. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

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