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Document/Exhibit Description Pages Size
1: 485BPOS Post-Effective Amendment of a Form N-1 or N-1A HTML 7.86M
Registration
2: EX-99.(D)(1) Amended and Restated Advisory Agreement Dtd July HTML 80K
16, 2020
3: EX-99.(D)(1)(I) Amendment No.1 to Advisory Agreement Dtd July HTML 50K
31, 2020 Btwn 1290 Funds and Eim
4: EX-99.(D)(2) Sub-Advisory Agreement Btwn Eim and Axa Im Dtd HTML 98K
July 31. 2020
5: EX-99.(D)(3) Sub-Advisory Agreement Btwn Eim and Axa HTML 101K
Rosenberg Dtd July 16, 2020
6: EX-99.(D)(4) Gamco Sub-Advisory Agreement Btwn Eim and Gamco HTML 100K
7: EX-99.(D)(5) Sub-Advisory Agreement Btwn Eim and Doubleline HTML 104K
Dtd July 16, 2020
8: EX-99.(D)(6) Sub-Advisory Agreement Btwn Eim and Brandywine HTML 103K
Dtd July 16, 2020
9: EX-99.(E)(1)(II) Amendment No. 2 Dtd December 14, 2020 to the HTML 41K
Distribution Agreement
10: EX-99.(G)(1)(VIII) Amendment No. 8 Btwn 1290 Funds and HTML 38K
Jpmorgan Dtd July 31, 2020
11: EX-99.(H)(1) Mutual Funds Service Agreement Btwn 1290 Funds HTML 120K
and Eim Dtd July 31, 2020
12: EX-99.(H)(2) Expense Limitation Agreement Btwn 1290 Funds and HTML 58K
Eim Dtd July 16, 2020
13: EX-99.(H)(2)(I) Amendment No. 1 to the Elm Btwn 1290 Funds HTML 49K
and Eim Dtd July 16, 2020
14: EX-99.(H)(4)(VII) Amendment No. 7 to Transfer Agreement Btwn HTML 43K
1290 and Dst Dtd November 4, 2020
15: EX-99.(I)(1) Opinion and Consent of K&L Gates LLP HTML 41K
16: EX-99.(J)(1) Consent of Independent Registered Public HTML 34K
Accounting Firm
17: EX-99.(P)(1) Revised Code of Ethics for 1290 Funds and Eim HTML 166K
Effective March 2020
18: EX-99.(P)(2) Revised Code of Ethics of Axa Im, Effective HTML 277K
February 26, 2020.
25: R1 Document and Entity Information HTML 51K
26: R2 Risk/Return Summary- 1290 Diversified Bond Fund HTML 119K
27: R3 Shareholder Fees HTML 54K
28: R4 Annual Fund Operating Expenses HTML 65K
29: R5 Expense Example HTML 53K
30: R6 Expense Example, No Redemption HTML 54K
31: R7 Annual Total Returns [BarChart] HTML 50K
32: R8 Average Annual Total Returns HTML 58K
33: R9 Risk/Return Detail Data- 1290 Diversified Bond HTML 284K
Fund
34: R10 Risk/Return Summary- 1290 DoubleLine Dynamic HTML 130K
Allocation Fund
35: R11 Shareholder Fees HTML 54K
36: R12 Annual Fund Operating Expenses HTML 68K
37: R13 Expense Example HTML 53K
38: R14 Expense Example, No Redemption HTML 54K
39: R15 Annual Total Returns [BarChart] HTML 47K
40: R16 Average Annual Total Returns HTML 59K
41: R17 Risk/Return Detail Data- 1290 DoubleLine Dynamic HTML 301K
Allocation Fund
42: R18 Risk/Return Summary- 1290 GAMCO Small/Mid Cap HTML 92K
Value Fund
43: R19 Shareholder Fees HTML 54K
44: R20 Annual Fund Operating Expenses HTML 64K
45: R21 Expense Example HTML 54K
46: R22 Expense Example, No Redemption HTML 54K
47: R23 Annual Total Returns [BarChart] HTML 52K
48: R24 Average Annual Total Returns HTML 60K
49: R25 Risk/Return Detail Data- 1290 GAMCO Small/Mid Cap HTML 258K
Value Fund
50: R26 Risk/Return Summary- 1290 High Yield Bond Fund HTML 104K
51: R27 Shareholder Fees HTML 54K
52: R28 Annual Fund Operating Expenses HTML 64K
53: R29 Expense Example HTML 53K
54: R30 Expense Example, No Redemption HTML 54K
55: R31 Annual Total Returns [BarChart] HTML 52K
56: R32 Average Annual Total Returns HTML 61K
57: R33 Risk/Return Detail Data- 1290 High Yield Bond Fund HTML 273K
58: R34 Risk/Return Summary- 1290 Multi-Alternative HTML 116K
Strategies Fund
59: R35 Shareholder Fees HTML 54K
60: R36 Annual Fund Operating Expenses HTML 68K
61: R37 Expense Example HTML 53K
62: R38 Expense Example, No Redemption HTML 54K
63: R39 Annual Total Returns [BarChart] HTML 50K
64: R40 Average Annual Total Returns HTML 58K
65: R41 Risk/Return Detail Data- 1290 Multi-Alternative HTML 286K
Strategies Fund
66: R42 Risk/Return Summary- 1290 SmartBeta Equity Fund HTML 97K
67: R43 Shareholder Fees HTML 54K
68: R44 Annual Fund Operating Expenses HTML 65K
69: R45 Expense Example HTML 53K
70: R46 Expense Example, No Redemption HTML 54K
71: R47 Annual Total Returns [BarChart] HTML 52K
72: R48 Average Annual Total Returns HTML 60K
73: R49 Risk/Return Detail Data- 1290 SmartBeta Equity HTML 262K
Fund
74: R50 Risk/Return Summary- 1290 Retirement 2020 Fund HTML 111K
75: R51 Shareholder Fees HTML 54K
76: R52 Annual Fund Operating Expenses HTML 68K
77: R53 Expense Example HTML 53K
78: R54 Expense Example, No Redemption HTML 54K
79: R55 Annual Total Returns [BarChart] HTML 44K
80: R56 Average Annual Total Returns HTML 50K
81: R57 Risk/Return Detail Data- 1290 Retirement 2020 Fund HTML 271K
82: R58 Risk/Return Summary- 1290 Retirement 2025 Fund HTML 111K
83: R59 Shareholder Fees HTML 54K
84: R60 Annual Fund Operating Expenses HTML 68K
85: R61 Expense Example HTML 53K
86: R62 Expense Example, No Redemption HTML 54K
87: R63 Annual Total Returns [BarChart] HTML 44K
88: R64 Average Annual Total Returns HTML 50K
89: R65 Risk/Return Detail Data- 1290 Retirement 2025 Fund HTML 271K
90: R66 Risk/Return Summary- 1290 Retirement 2030 Fund HTML 111K
91: R67 Shareholder Fees HTML 54K
92: R68 Annual Fund Operating Expenses HTML 68K
93: R69 Expense Example HTML 53K
94: R70 Expense Example, No Redemption HTML 54K
95: R71 Annual Total Returns [BarChart] HTML 44K
96: R72 Average Annual Total Returns HTML 47K
97: R73 Risk/Return Detail Data- 1290 Retirement 2030 Fund HTML 271K
98: R74 Risk/Return Summary- 1290 Retirement 2035 Fund HTML 135K
99: R75 Shareholder Fees HTML 54K
100: R76 Annual Fund Operating Expenses HTML 68K
101: R77 Expense Example HTML 53K
102: R78 Expense Example, No Redemption HTML 54K
103: R79 Annual Total Returns [BarChart] HTML 44K
104: R80 Average Annual Total Returns HTML 50K
105: R81 Risk/Return Detail Data- 1290 Retirement 2035 Fund HTML 296K
106: R82 Risk/Return Summary- 1290 Retirement 2040 Fund HTML 108K
107: R83 Shareholder Fees HTML 54K
108: R84 Annual Fund Operating Expenses HTML 68K
109: R85 Expense Example HTML 54K
110: R86 Expense Example, No Redemption HTML 54K
111: R87 Annual Total Returns [BarChart] HTML 44K
112: R88 Average Annual Total Returns HTML 50K
113: R89 Risk/Return Detail Data- 1290 Retirement 2040 Fund HTML 268K
114: R90 Risk/Return Summary- 1290 Retirement 2045 Fund HTML 108K
115: R91 Shareholder Fees HTML 54K
116: R92 Annual Fund Operating Expenses HTML 68K
117: R93 Expense Example HTML 53K
118: R94 Expense Example, No Redemption HTML 54K
119: R95 Annual Total Returns [BarChart] HTML 44K
120: R96 Average Annual Total Returns HTML 50K
121: R97 Risk/Return Detail Data- 1290 Retirement 2045 Fund HTML 268K
122: R98 Risk/Return Summary- 1290 Retirement 2050 Fund HTML 108K
123: R99 Shareholder Fees HTML 54K
124: R100 Annual Fund Operating Expenses HTML 68K
125: R101 Expense Example HTML 53K
126: R102 Expense Example, No Redemption HTML 54K
127: R103 Annual Total Returns [BarChart] HTML 44K
128: R104 Average Annual Total Returns HTML 50K
129: R105 Risk/Return Detail Data- 1290 Retirement 2050 Fund HTML 268K
130: R106 Risk/Return Summary- 1290 Retirement 2055 Fund HTML 108K
131: R107 Shareholder Fees HTML 54K
132: R108 Annual Fund Operating Expenses HTML 68K
133: R109 Expense Example HTML 53K
134: R110 Expense Example, No Redemption HTML 54K
135: R111 Annual Total Returns [BarChart] HTML 44K
136: R112 Average Annual Total Returns HTML 50K
137: R113 Risk/Return Detail Data- 1290 Retirement 2055 Fund HTML 269K
138: R114 Risk/Return Summary- 1290 Retirement 2060 Fund HTML 108K
139: R115 Shareholder Fees HTML 54K
140: R116 Annual Fund Operating Expenses HTML 68K
141: R117 Expense Example HTML 53K
142: R118 Expense Example, No Redemption HTML 54K
143: R119 Annual Total Returns [BarChart] HTML 44K
144: R120 Average Annual Total Returns HTML 50K
145: R121 Risk/Return Detail Data- 1290 Retirement 2060 Fund HTML 268K
147: XML IDEA XML File -- Filing Summary XML 261K
24: XML XBRL Instance -- d44626d485bpos_htm XML 1.90M
146: EXCEL IDEA Workbook of Financial Reports XLSX 497K
20: EX-101.CAL XBRL Calculations -- atf-20210224_cal XML 45K
21: EX-101.DEF XBRL Definitions -- atf-20210224_def XML 8.68M
22: EX-101.LAB XBRL Labels -- atf-20210224_lab XML 823K
23: EX-101.PRE XBRL Presentations -- atf-20210224_pre XML 7.19M
19: EX-101.SCH XBRL Schema -- atf-20210224 XSD 254K
148: JSON XBRL Instance as JSON Data -- MetaLinks 332± 902K
149: ZIP XBRL Zipped Folder -- 0001193125-21-056813-xbrl Zip 7.57M
| Opinion and Consent of K&L Gates LLP |
1290 Funds
1290 Avenue of the Americas
Ladies and Gentlemen:
We have acted as counsel to 1290 Funds, a Delaware statutory trust (the “Trust”), in connection with Post-Effective Amendment No. 47 (the “Post-Effective Amendment”) to the Trust’s registration statement on Form N-1A (File Nos. 333-195390; 811-22959) (the “Registration Statement”), to be filed with the U.S. Securities and Exchange Commission (the “Commission”) on or about February 25, 2021, registering an indefinite number of shares of beneficial interest in the series of the Trust and classes thereof listed in Schedule A to this opinion letter (the “Shares”) under the Securities Act of 1933, as amended (the “Securities Act”).
This opinion letter is being delivered at your request in accordance with the requirements of paragraph 29 of Schedule A of the Securities Act and Item 28(i) of Form N-1A under the Securities Act and the Investment Company Act of 1940, as amended (the “Investment Company Act”).
For purposes of this opinion letter, we have examined originals or copies, certified or otherwise identified to our satisfaction, of:
| 1. | the prospectuses and statements of additional information (collectively, the “Prospectus”) filed as part of the Post-Effective Amendment; |
| 2. | the Trust’s certificate of trust, governing instrument, and bylaws in effect on the date of this opinion letter; and |
| 3. | the resolutions adopted by the trustees of the Trust relating to the Post-Effective Amendment, the establishment and designation of the Shares of each series and class, and the authorization for issuance and sale of the Shares. |
We also have examined and relied on certificates of public officials and, as to certain matters of fact that are material to our opinions, we have relied on a certificate of an officer of the Trust. We have not independently established any of the facts on which we have so relied.
1601 K STREET N.W. WASHINGTON DC 20006
T +1 202 778 9000 F +1 202 778 9100 klgates.com
For purposes of this opinion letter, we have assumed the accuracy and completeness of each document submitted to us, the genuineness of all signatures on original documents, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as facsimile, electronic, certified, conformed, or photostatic copies thereof, and the due execution and delivery of all documents where due execution and delivery are prerequisites to the effectiveness thereof. We have further assumed the legal capacity of natural persons, that persons identified to us as officers of the Trust are actually serving in such capacity, and that the representations of officers of the Trust are correct as to matters of fact. We have not independently verified any of these assumptions.
The opinions expressed in this opinion letter are based on the facts in existence and the laws in effect on the date hereof and are limited to the Delaware Statutory Trust Act and the provisions of the Investment Company Act that are applicable to equity securities issued by registered open-end investment companies. We are not opining on, and we assume no responsibility for, the applicability to or effect on any of the matters covered herein of any other laws.
Based upon and subject to the foregoing, it is our opinion that (1) the Shares to be issued pursuant to the Post-Effective Amendment, when issued and paid for by the purchasers upon the terms described in the Post-Effective Amendment and the Prospectus, will be validly issued, and (2) such purchasers will have no obligation to make any further payments for the purchase of the Shares or contributions to the Trust solely by reason of their ownership of the Shares.
This opinion is rendered solely in connection with the filing of the Post-Effective Amendment and supersedes any previous opinions of this firm in connection with the issuance of Shares. We hereby consent to the filing of this opinion with the Commission in connection with the Post-Effective Amendment and to the reference to this firm’s name under the heading “Counsel” in the Prospectus. In giving this consent, we do not thereby admit that we are experts with respect to any part of the Registration Statement or Prospectus within the meaning of the term “expert” as used in Section 11 of the Securities Act or the rules and regulations promulgated thereunder by the Commission, nor do we admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission promulgated thereunder.
Very truly yours,
/s/ K&L Gates LLP
Schedule A
2
Schedule A
To the Opinion Letter of K&L Gates LLP, dated February 25, 2021,
Filed as Exhibit (i)(1) to Post-Effective Amendment No. 47 to the Registration Statement
on Form N-1A of 1290 Funds (File Nos. 333-195390; 811-22959)
1290 FUNDS
Class A, T, I, and R shares of the following series:
1290 Diversified Bond Fund
1290 DoubleLine Dynamic Allocation Fund
1290 GAMCO Small/Mid Cap Value Fund
1290 High Yield Bond Fund
1290 Multi-Alternative Strategies Fund
1290 SmartBeta Equity Fund
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
1290 Retirement 2055 Fund
1290 Retirement 2060 Fund
3
| This ‘485BPOS’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Effective on: | 3/1/21 | 497K | ||
| Filed on: | 2/25/21 | |||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/22/24 1290 Funds 485BPOS 3/01/24 48:93M Donnelley … Solutions/FA 2/07/24 1290 Funds 485BXT 2:416K Donnelley … Solutions/FA 12/11/23 1290 Funds 485APOS 53:44M Donnelley … Solutions/FA 2/23/23 1290 Funds 485BPOS 3/01/23 58:95M Donnelley … Solutions/FA 2/01/23 1290 Funds 485BXT 1:270K Donnelley … Solutions/FA 12/12/22 1290 Funds 485APOS 15:14M Donnelley … Solutions/FA 7/08/22 1290 Funds 485BPOS 7/11/22 27:22M Donnelley … Solutions/FA 4/25/22 1290 Funds 485APOS 6:13M Donnelley … Solutions/FA 2/24/22 1290 Funds 485BPOS 3/01/22 52:57M Donnelley … Solutions/FA |