# EDGAR Filing Document

**Accession Number:** 0001605941
**File Stem:** 0002071691-25-009528
**Filing Date:** 2025-12
**Character Count:** 46548
**Document Hash:** fd5777c96b3e0ae85be8f6f65bed7fef
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-009528.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0002071691-25-009528

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** 1290 Funds
- **CENTRAL INDEX KEY:** 0001605941

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22959
- **FILM NUMBER:** 251595496

**BUSINESS ADDRESS:**
- **STREET 1:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105
- **BUSINESS PHONE:** 212-554-1234

**MAIL ADDRESS:**
- **STREET 1:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** 1290 Funds Trust
- **DATE OF NAME CHANGE:** 20140418

## Series and Classes Contracts Data

### 1290 Diversified Bond Fund (Series ID: S000049991)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000157853 | Class A      | TNUAX           |
| C000157854 | Class I      | TNUIX           |
| C000157855 | Class R      | TNURX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** 1290 Funds

- **b. Investment Company Act file number:** 811-22959

- **c. CIK number of Registrant:** 0001605941

- **d. LEI of Registrant:** 5493000PXD0IQID6H351

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1345 Avenue of the Americas

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10105

  - **Telephone number:** 212-554-1234

**Item A.2. Information about the Series.**

- **a. Name of Series:** 1290 Diversified Bond Fund

- **b. EDGAR series identifier (if any):** S000049991

- **c. LEI of Series:** 549300IF4YNP3KPSE713

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $585464991.65

**Total Liabilities:** $22803234.15

**Net Assets:** $562661757.50

**Cash Not Reported:** $767998.31

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 94.51000000 | **1-Year:** 280.44000000 | **5-Year:** 714.60000000 | **10-Year:** 8744.51000000 | **30-Year:** 42506.39000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 288.35000000 | **5-Year:** 1451.12000000 | **10-Year:** 4404.01000000 | **30-Year:** 2601.04000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000157854 | 1.04%                | 1.56%                | 1.18%                |
| Class ID C000157855 | 1.01%                | 1.55%                | 1.03%                |
| Class ID C000157853 | 1.03%                | 1.55%                | 1.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $858377.43               | $2013007.23                                |
| Month 2  | $-4461915.25             | $13553356.04                               |
| Month 3  | $6064802.14              | $-6549493.11                               |

**Designated Index Information**

- **Index Name:** Ex-Derivatives Securities Portfolio

- **Index Identifier:** AX-P78337

### Schedule of Portfolio Investments

| Name                                                             | Title                                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |    Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| New Mexican Pesos                                                | New Mexican Pesos                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | MX        |          0 | OU      | $0.02         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                              | Canada 10 Year Bond                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | CA        |      -3064 | NC      | $-1942820.13  | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $447056.07    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| TRTX Issuer Ltd.                                                 | TRTX Issuer Ltd., Series 2025-FL6, Class C                                 | CUSIP: 897764AG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    6760000 | PA      | $6759297.64   | 1.20%             | 2042-09-18      | Floating      | 6.43%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-635885.87   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-21543.21    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                             | GNMA                                                                       | CUSIP: 3618N5A58<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   11623805 | PA      | $11826894.88  | 2.10%             | 2054-11-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                           | Arab Republic of Egypt                                                     | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | STIV             | NUSS              | EG        |  841200000 | PA      | $16652341.07  | 2.96%             | 2026-02-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trust                                  | CFCRE Commercial Mortgage Trust, Series 2016-C4, Class D                   | CUSIP: 12531YAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2200000 | PA      | $2134875.16   | 0.38%             | 2058-05-10      | Variable      | 4.85%                 | Yes           |                  2 | On Loan: No      |
| Argentine Republic                                               | Argentine Republic                                                         | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    8170000 | PA      | $5723085.00   | 1.02%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Argentine Republic                                               | Argentine Republic                                                         | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    3776000 | PA      | $3090656.00   | 0.55%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-257401.72   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                              | Connecticut Avenue Securities Trust, Series 2022-R04, Class 1B1            | CUSIP: 20753YAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    4340000 | PA      | $4576521.75   | 0.81%             | 2042-03-25      | Floating      | 9.43%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-670956.18   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $125875.63    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $415337.61    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-24868.58    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $136293.50    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Egyptian Pound                                                   | Egyptian Pound                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | EG        |   70885437 | OU      | $1500538.46   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1248434.48   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-229040.52   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                           | Arab Republic of Egypt                                                     | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | STIV             | NUSS              | EG        |  934300000 | PA      | $17608311.45  | 3.13%             | 2026-04-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-581311.01   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-139650.07   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-305207.09   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                             | GNMA                                                                       | CUSIP: 36179Y5M2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    5831830 | PA      | $5945569.37   | 1.06%             | 2054-08-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1111441.06   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-220067.80   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-534355.69   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-77497.88    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $418228.30    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Frontier Issuer LLC                                              | Frontier Issuer LLC, Series 2024-1, Class B                                | CUSIP: 35910EAM6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2470000 | PA      | $2568819.27   | 0.46%             | 2054-06-20      | Fixed         | 7.02%                 | Yes           |                  2 | On Loan: No      |
| Multifamily Connecticut Avenue Securities Trust                  | Multifamily Connecticut Avenue Securities Trust, Series 2019-01, Class M10 | CUSIP: 62547NAB5<br>LEI: 549300HG8ZEWVWVSN227 | Long             | ABS-MBS          | CORP              | US        |    7444977 | PA      | $7555137.22   | 1.34%             | 2049-10-25      | Floating      | 7.55%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-143820.40   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC                                                            | FHLMC STACR REMIC Trust, Series 2022-DNA6, Class M2                        | CUSIP: 35564KH77<br>LEI: 5493000IS30HKV5IAS29 | Long             | ABS-MBS          | CORP              | US        |    6300000 | PA      | $6825506.31   | 1.21%             | 2042-09-25      | Floating      | 9.93%                 | Yes           |                  2 | On Loan: No      |
| NFE Financing LLC                                                | NFE Financing LLC                                                          | CUSIP: 62909BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    4906200 | PA      | $1103895.00   | 0.20%             | 2029-11-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| Octagon 55 Ltd.                                                  | Octagon 55 Ltd., Series 2021-1A, Class D1R                                 | CUSIP: 67577AAW9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    2985000 | PA      | $2999119.05   | 0.53%             | 2038-03-20      | Floating      | 6.72%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $502104.56    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                | Wells Fargo & Co., Series BB                                               | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    2770000 | PA      | $2738346.38   | 0.49%             | 2026-03-15      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                     | UBS Group AG                                                               | CUSIP: 902613AG3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    3830000 | PA      | $3775231.00   | 0.67%             | 2026-06-02      | Variable      | 3.88%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-456553.71   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Multifamily Connecticut Avenue Securities Trust                  | Multifamily Connecticut Avenue Securities Trust, Series 2024-01, Class M7  | CUSIP: 62548RAA7<br>LEI: 254900QY3MMJFMNKXA93 | Long             | ABS-MBS          | CORP              | US        |    8444637 | PA      | $8551674.96   | 1.52%             | 2054-07-25      | Floating      | 6.93%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $108691.12    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Golub Capital BDC, Inc.                                          | Golub Capital BDC, Inc.                                                    | CUSIP: 38173MAB8<br>LEI: 2549005WE0QLGK9APF78 | Long             | DBT              | CORP              | US        |    4705000 | PA      | $4621341.81   | 0.82%             | 2026-08-24      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                             | GNMA                                                                       | CUSIP: 36179YU77<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    3623174 | PA      | $3699498.28   | 0.66%             | 2054-04-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Oriental Republic of Uruguay                                     | Oriental Republic of Uruguay                                               | CUSIP: 760942BJ0<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |  448440000 | PA      | $11344137.13  | 2.02%             | 2035-10-29      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | CDI                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |   78110000 | PA      | $-979305.81   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                             | GNMA                                                                       | CUSIP: 3618N5GQ6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   10499803 | PA      | $10665208.71  | 1.90%             | 2055-02-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRTX Issuer Ltd.                                                 | TRTX Issuer Ltd., Series 2025-FL7, Class A                                 | CUSIP: 87277LAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    4830000 | PA      | $4833026.00   | 0.86%             | 2043-06-18      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-211040.69   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Multifamily Connecticut Avenue Securities Trust                  | Multifamily Connecticut Avenue Securities Trust, Series 2023-01, Class M10 | CUSIP: 62548NAB4<br>LEI: 254900JAK6X5OPMD5925 | Long             | ABS-MBS          | CORP              | US        |   10480000 | PA      | $11903452.29  | 2.12%             | 2053-11-25      | Floating      | 10.68%                | Yes           |                  2 | On Loan: No      |
| United States of America                                         | U.S. Treasury Bonds                                                        | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   81580000 | PA      | $82599333.94  | 14.68%            | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | U.S. Treasury 10 Year Ultra Note                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        441 | NC      | $645856.85    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Zayo Issuer LLC                                                  | Zayo Issuer LLC, Series 2025-2A, Class A2                                  | CUSIP: 98919WAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   10120000 | PA      | $10380185.20  | 1.84%             | 2055-06-20      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Trust Fibra Uno                                                  | Trust Fibra Uno                                                            | CUSIP: 89834JAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    1720000 | PA      | $1879891.20   | 0.33%             | 2032-01-23      | Fixed         | 7.70%                 | Yes           |                  2 | On Loan: No      |
| Colombian Peso                                                   | Colombian Peso                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CO        |    1166577 | OU      | $302.64       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GNMA                                                             | GNMA                                                                       | CUSIP: 3618N5EW5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   12217009 | PA      | $12428554.65  | 2.21%             | 2055-01-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                         | U.S. Treasury Notes                                                        | CUSIP: 91282CNQ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    5340000 | PA      | $5339333.57   | 0.95%             | 2027-07-31      | Floating      | 3.92%                 | No            |                  2 | On Loan: —       |
| GNMA                                                             | GNMA                                                                       | CUSIP: 36179YRJ5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    4068160 | PA      | $4160215.03   | 0.74%             | 2054-02-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Prime Money Market Fund                                 | JPMorgan Prime Money Market Fund, IM Shares                                | CUSIP: 46637K844<br>LEI: 549300YD7H8SEEU7VG41 | Long             | STIV             | RF                | US        |   13591016 | NS      | $13596452.09  | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $250598.96    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-171620.97   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-11173.28    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Charles Schwab Corp. (The)                                       | Charles Schwab Corp. (The), Series I                                       | CUSIP: 808513BK0<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    4690000 | PA      | $4628545.05   | 0.82%             | 2026-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $559658.67    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Notas do Tesouro Nacional                                        | Notas do Tesouro Nacional                                                  | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |  145480000 | PA      | $22118624.31  | 3.93%             | 2035-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $783652.98    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| South Korea Won                                                  | South Korea Won                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | KR        |         48 | OU      | $0.03         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $365453.08    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Saks Global Enterprises LLC                                      | Saks Global Enterprises LLC                                                | CUSIP: 79380MAD7<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |    2504000 | PA      | $1082980.00   | 0.19%             | 2029-12-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $190903.09    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                             | GNMA                                                                       | CUSIP: 36179YML5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    4707393 | PA      | $4823106.97   | 0.86%             | 2053-12-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-162023.05   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| OBX Trust                                                        | OBX Trust, Series 2025-J3, Class AF                                        | CUSIP: 67449KAU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    8022940 | PA      | $8021482.11   | 1.43%             | 2055-10-25      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Japan Government Bond                                            | Japan Government Bond                                                      | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | DBT              | NUSS              | JP        | 6424000000 | PA      | $36195894.82  | 6.43%             | 2055-03-20      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Saks Global Enterprises LLC                                      | Saks Global Enterprises LLC                                                | CUSIP: 79380MAC9<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |      93900 | PA      | $20658.00     | 0.00%             | 2029-12-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| Zayo Issuer LLC                                                  | Zayo Issuer LLC, Series 2025-3A, Class A2                                  | CUSIP: 98919WAN3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1200000 | PA      | $1205932.44   | 0.21%             | 2055-10-20      | Fixed         | 5.57%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                              | U.S. Treasury 5 Year Note                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       1325 | NC      | $-5276.15     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Freedom Mortgage Corp.                                           | Freedom Mortgage Corp.                                                     | CUSIP: 35640YAJ6<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    2870000 | PA      | $2873243.10   | 0.51%             | 2027-01-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                         | U.S. Treasury Notes                                                        | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   78220000 | PA      | $79148862.50  | 14.07%            | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-10402.35    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OHA Credit Funding 2 Ltd.                                        | OHA Credit Funding 2 Ltd., Series 2019-2A, Class D1R2                      | CUSIP: 67707ECA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    4650000 | PA      | $4666275.00   | 0.83%             | 2038-01-21      | Floating      | 6.57%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-3745523.10  | -0.67%            |  |  |  | No            |                  2 | On Loan: No      |
| Mex Bonos Desarr Fix Rt                                          | Mex Bonos Desarr Fix Rt, Series M                                          | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        | 1138100000 | PA      | $52817090.11  | 9.39%             | 2053-07-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                             | American Express Co.                                                       | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     865000 | PA      | $848781.25    | 0.15%             | 2026-09-15      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple | FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple           | CUSIP: 05974EAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    1535286 | PA      | $1617808.10   | 0.29%             | 2041-01-31      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| FHLMC MSCR Trust                                                 | FHLMC MSCR Trust, Series 2025-MN10, Class M2                               | CUSIP: 35563UAB4<br>LEI: 529900M14O2Z3FO2N217 | Long             | ABS-MBS          | USGSE             | US        |    3290000 | PA      | $3290018.75   | 0.58%             | 2045-02-25      | Floating      | 7.16%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $573852.09    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $17456.79     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Consolidated Communications LLC                                  | Consolidated Communications LLC, Series 2025-1A, Class B                   | CUSIP: 209031AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    5265000 | PA      | $5403942.30   | 0.96%             | 2055-05-20      | Fixed         | 6.51%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-368359.28   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                             | GNMA                                                                       | CUSIP: 3618N5C72<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    6975335 | PA      | $7098842.67   | 1.26%             | 2054-12-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | Long Gilt                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |       1139 | NC      | $4422762.71   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $14912.39     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Japan 10 Year Bond                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | JP        |        -89 | NC      | $478684.61    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Polish Zloty - New                                               | Polish Zloty - New                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | PL        |         81 | OU      | $21.90        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GNMA                                                             | GNMA                                                                       | CUSIP: 36180ACB7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   10284651 | PA      | $10472378.37  | 1.86%             | 2054-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-305442.69   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| SGUS LLC                                                         | SGUS LLC                                                                   | CUSIP: 81880AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1719100 | PA      | $1487365.32   | 0.26%             | 2029-12-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $302007.23    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC                                                            | FHLMC STACR REMIC Trust, Series 2022-DNA2, Class B1                        | CUSIP: 35564KSJ9<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-MBS          | CORP              | US        |    2430000 | PA      | $2535780.09   | 0.45%             | 2042-02-25      | Floating      | 8.93%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-27509.78    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Point Broadband Funding LLC                                      | Point Broadband Funding LLC, Series 2025-1A, Class B                       | CUSIP: 73052AAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    6070000 | PA      | $6124289.47   | 1.09%             | 2055-07-20      | Fixed         | 5.73%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                              | Forward Foreign Currency Contract                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-23560.44    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-01

**Name of Applicant:** 1290 Funds

**Signature:** James Kelly

**Name of Signer:** James Kelly

**Title:** Treasurer