1290 Funds has announced a significant update regarding its investment advisory agreement following a recent shareholder meeting. This change is crucial as it aligns with the anticipated merger between Equitable Holdings, Inc. and Corebridge Financial, Inc. The new advisory agreement is set to take effect upon the merger's completion, expected around January 1, 2027.

At the Special Meeting of Shareholders held on October 27, 2026, shareholders approved the new investment advisory agreement between the Trust and Equitable Investment Management, LLC. This decision reflects the company's strategic direction and adaptation to the evolving landscape of investment management.

Background

1290 Funds is an investment management firm based in New York, NY. The company operates under the Central Index Key (CIK) 0001605941 and has been active in filing various forms with the SEC, including the most recent Form 497 on October 27, 2026. The firm offers a range of funds, including the 1290 GAMCO Small/Mid Cap Value Fund and the 1290 High Yield Bond Fund, among others.

What the Filing Says

The SEC filing states, "At the Meeting, the shareholders of each series of the Trust approved a new investment advisory agreement... The New Advisory Agreement will go into effect upon the closing of the merger..." This indicates a clear path forward for 1290 Funds as it navigates this significant transition.

Impact

This decision may have implications for shareholders and investors in the various funds managed by 1290 Funds. The approval of the new advisory agreement signals a commitment to maintaining high standards in investment management, potentially enhancing investor confidence. Additionally, the re-election of the current Trustees and the election of two new Trustees may bring fresh perspectives to the board.

What's Next

Following this filing, the next steps will involve the merger between Equitable Holdings and Corebridge Financial, which is expected to finalize by January 1, 2027. The outcome of this merger will likely influence the operational strategies of 1290 Funds moving forward.

For more information, the full details can be accessed through the SEC's website under accession number 0001193125-26-433382.