# EDGAR Filing Document

**Accession Number:** 0001605941
**File Stem:** 0002071691-25-001669
**Filing Date:** 2025-9
**Character Count:** 311815
**Document Hash:** 9926213f8b63603019f0df1838636cac
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-001669.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0002071691-25-001669

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**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:** 251335476

**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 SmartBeta Equity Fund (Series ID: S000045912)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000143086 | Class I      | TNBIX           |
| C000143087 | Class R      | TNBRX           |
| C000143088 | Class A      | TNBAX           |

## Nport-Ex

**1290 FUNDS** 

1290 AVANTIS<sup>®</sup> U.S. LARGE CAP GROWTH FUND

PORTFOLIO OF INVESTMENTS

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br>Shares** | **Value**<br>**(Note 1)** |
|  COMMON STOCKS: |  |  |
|  **Communication Services (12.5%)** |  |  |
|  ***Entertainment (1.2%)*** |  |  |
|  Netflix, Inc.\* | 1922 | $2228367 |
|  ***Interactive Media & Services (11.3%)*** |  |  |
|  Alphabet, Inc., Class A | 33977 | 6520186 |
|  Alphabet, Inc., Class C | 27917 | 5384073 |
|  Meta Platforms, Inc., Class A | 13054 | 10096486 |
|  |  | 22000745 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Communication Services** |  | 24229112 |
|  **Consumer Discretionary (15.7%)** |  |  |
|  ***Automobiles (0.8%)*** |  |  |
|  Tesla, Inc.\* | 4904 | 1511756 |
|  ***Broadline Retail (7.2%)*** |  |  |
|  Amazon.com, Inc.\* | 56220 | 13161664 |
|  Coupang, Inc., Class A\* | 26592 | 782603 |
|  Etsy, Inc.\* | 328 | 19113 |
|  |  | 13963380 |
|  ***Distributors (0.2%)*** |  |  |
|  Pool Corp. | 1166 | 359291 |
|  ***Hotels, Restaurants & Leisure (2.4%)*** |  |  |
|  Airbnb, Inc., Class A\* | 2379 | 315003 |
|  Booking Holdings, Inc. | 69 | 379780 |
|  Chipotle Mexican Grill, Inc.\* | 24500 | 1050560 |
|  Choice Hotels International, Inc.(x) | 896 | 114428 |
|  Darden Restaurants, Inc. | 1320 | 266205 |
|  Domino's Pizza, Inc. | 159 | 73650 |
|  Expedia Group, Inc. | 867 | 156251 |
|  Hilton Worldwide Holdings, Inc. | 292 | 78279 |
|  Las Vegas Sands Corp. | 9740 | 510376 |
|  McDonald's Corp. | 334 | 100223 |
|  Norwegian Cruise Line Holdings Ltd.\* | 3780 | 96617 |
|  Planet Fitness, Inc., Class A\* | 114 | 12448 |
|  Royal Caribbean Cruises Ltd. | 1928 | 612853 |
|  Starbucks Corp. | 1335 | 119029 |
|  Texas Roadhouse, Inc., Class A | 2941 | 544467 |
|  Wingstop, Inc. | 143 | 53960 |
|  Wynn Resorts Ltd. | 130 | 14174 |
|  Yum! Brands, Inc. | 812 | 117050 |
|  |  | 4615353 |
|  ***Specialty Retail (4.0%)*** |  |  |
|  AutoZone, Inc.\* | 42 | 158272 |
|  Burlington Stores, Inc.\* | 2488 | 679124 |
|  CarMax, Inc.\* | 321 | 18172 |
|  Dick's Sporting Goods, Inc. | 162 | 34265 |
|  Floor & Decor Holdings, Inc., Class A\* | 2436 | 186695 |
|  Home Depot, Inc. (The) | 5467 | 2009177 |
|  Murphy USA, Inc. | 770 | 279109 |
|  O'Reilly Automotive, Inc.\* | 2040 | 200573 |
|  Ross Stores, Inc. | 5194 | 709189 |
|  TJX Cos., Inc. (The) | 11198 | 1394487 |
|  Tractor Supply Co. | 20365 | 1159787 |
|  Ulta Beauty, Inc.\* | 1175 | 605137 |
|  Williams-Sonoma, Inc. | 2450 | 458272 |
|  |  | 7892259 |
|  ***Textiles, Apparel & Luxury Goods (1.1%)*** |  |  |
|  Crocs, Inc.\* | 1798 | 179314 |
|  Deckers Outdoor Corp.\* | 5694 | 604532 |
|  Lululemon Athletica, Inc.\* | 2871 | 575722 |
|  NIKE, Inc., Class B | 10616 | 792909 |
|  |  | 2152477 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Discretionary** |  | 30494516 |
|  **Consumer Staples (2.9%)** |  |  |
|  ***Beverages (0.9%)*** |  |  |
|  Boston Beer Co., Inc. (The), Class A\* | 42 | 8698 |
|  Celsius Holdings, Inc.\* | 7385 | 334836 |
|  Coca-Cola Co. (The) | 8261 | 560839 |
|  Monster Beverage Corp.\* | 3180 | 186825 |
|  PepsiCo, Inc. | 4776 | 658706 |
|  |  | 1749904 |
|  ***Consumer Staples Distribution & Retail (1.3%)*** |  |  |
|  Casey's General Stores, Inc. | 169 | 87902 |
|  Costco Wholesale Corp. | 2113 | 1985459 |
|  Sysco Corp. | 4415 | 351434 |
|  |  | 2424795 |
|  ***Food Products (0.2%)*** |  |  |
|  Hershey Co. (The) | 1346 | 250531 |
|  Lamb Weston Holdings, Inc. | 1043 | 59524 |
|  |  | 310055 |
|  ***Household Products (0.5%)*** |  |  |
|  Clorox Co. (The) | 2026 | 254385 |
|  Colgate-Palmolive Co. | 2284 | 191513 |
|  Kimberly-Clark Corp. | 4725 | 588829 |
|  |  | 1034727 |
|  ***Personal Care Products (0.0%)†*** |  |  |
|  Estee Lauder Cos., Inc. (The), Class A | 527 | 49190 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Staples** |  | 5568671 |
|  **Energy (1.9%)** |  |  |
|  ***Energy Equipment & Services (0.1%)*** |  |  |
|  Weatherford International plc | 2064 | 116719 |
|  ***Oil, Gas & Consumable Fuels (1.8%)*** |  |  |
|  Antero Midstream Corp. | 3947 | 72427 |
|  Cheniere Energy, Inc. | 4268 | 1006736 |
|  Chevron Corp. | 4600 | 697544 |
|  Permian Resources Corp. | 3356 | 47521 |
|  Targa Resources Corp. | 8116 | 1350584 |
|  Texas Pacific Land Corp. | 469 | 454053 |
|  |  | 3628865 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** |  | 3745584 |
|  **Financials (6.7%)** |  |  |
|  ***Capital Markets (2.0%)*** |  |  |
|  Ameriprise Financial, Inc. | 2751 | 1425540 |
|  Blackstone, Inc. | 1949 | 337099 |
|  Charles Schwab Corp. (The) | 930 | 90889 |
|  FactSet Research Systems, Inc. | 468 | 188557 |
|  Goldman Sachs Group, Inc. (The) | 542 | 392186 |
|  KKR & Co., Inc. | 1243 | 182199 |
|  LPL Financial Holdings, Inc. | 1933 | 764946 |
|  Moody's Corp. | 804 | 414647 |
|  MSCI, Inc. | 91 | 51084 |
|  |  | 3847147 |
|  ***Consumer Finance (0.4%)*** |  |  |
|  Ally Financial, Inc. | 843 | 31908 |
|  American Express Co. | 2507 | 750370 |
|  |  | 782278 |
|  ***Financial Services (3.3%)*** |  |  |
|  Apollo Global Management, Inc. | 5617 | 816262 |
|  Mastercard, Inc., Class A | 5400 | 3058938 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 AVANTIS<sup>®</sup> U.S. LARGE CAP GROWTH FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br>Shares** | **Value**<br>**(Note 1)** |
|  Visa, Inc., Class A | 7289 | $2518131 |
|  |  | 6393331 |
|  ***Insurance (1.0%)*** |  |  |
|  Allstate Corp. (The) | 311 | 63211 |
|  Everest Group Ltd. | 193 | 64810 |
|  Kinsale Capital Group, Inc. | 299 | 131766 |
|  Markel Group, Inc.\* | 59 | 118489 |
|  Progressive Corp. (The) | 6907 | 1671770 |
|  |  | 2050046 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** |  | 13072802 |
|  **Health Care (5.3%)** |  |  |
|  ***Biotechnology (1.6%)*** |  |  |
|  AbbVie, Inc. | 6851 | 1294976 |
|  Amgen, Inc. | 1588 | 468619 |
|  Exelixis, Inc.\* | 9528 | 345104 |
|  Regeneron Pharmaceuticals, Inc. | 57 | 31091 |
|  Vertex Pharmaceuticals, Inc.\* | 2016 | 921050 |
|  |  | 3060840 |
|  ***Health Care Equipment & Supplies (1.5%)*** |  |  |
|  Align Technology, Inc.\* | 931 | 120108 |
|  Dexcom, Inc.\* | 7849 | 633964 |
|  Edwards Lifesciences Corp.\* | 3762 | 298364 |
|  IDEXX Laboratories, Inc.\* | 1750 | 935043 |
|  Intuitive Surgical, Inc.\* | 880 | 423359 |
|  Masimo Corp.\* | 1186 | 182395 |
|  ResMed, Inc. | 974 | 264870 |
|  Stryker Corp. | 170 | 66764 |
|  |  | 2924867 |
|  ***Health Care Providers & Services (0.4%)*** |  |  |
|  Cardinal Health, Inc. | 306 | 47497 |
|  Cencora, Inc. | 1690 | 483475 |
|  Elevance Health, Inc. | 180 | 50954 |
|  HCA Healthcare, Inc. | 104 | 36815 |
|  McKesson Corp. | 118 | 81838 |
|  Molina Healthcare, Inc.\* | 588 | 92828 |
|  |  | 793407 |
|  ***Health Care Technology (0.2%)*** |  |  |
|  Veeva Systems, Inc., Class A\* | 1241 | 352692 |
|  ***Life Sciences Tools & Services (0.1%)*** |  |  |
|  Waters Corp.\* | 645 | 186250 |
|  ***Pharmaceuticals (1.5%)*** |  |  |
|  Eli Lilly & Co. | 2806 | 2076637 |
|  Merck & Co., Inc. | 5885 | 459736 |
|  Zoetis, Inc. | 2732 | 398298 |
|  |  | 2934671 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Health Care** |  | 10252727 |
|  **Industrials (7.1%)** |  |  |
|  ***Aerospace & Defense (0.5%)*** |  |  |
|  Boeing Co. (The)\* | 154 | 34164 |
|  BWX Technologies, Inc. | 513 | 77940 |
|  GE Aerospace | 747 | 202497 |
|  Lockheed Martin Corp. | 1443 | 607474 |
|  TransDigm Group, Inc. | 20 | 32169 |
|  |  | 954244 |
|  ***Air Freight & Logistics (0.0%)†*** |  |  |
|  Expeditors International of Washington, Inc. | 414 | 48123 |
|  ***Building Products (0.5%)*** |  |  |
|  Advanced Drainage Systems, Inc. | 2211 | 253712 |
|  Lennox International, Inc. | 952 | 579768 |
|  Trane Technologies plc | 498 | 218164 |
|  |  | 1051644 |
|  ***Commercial Services & Supplies (0.8%)*** |  |  |
|  Cintas Corp. | 2048 | 455782 |
|  Copart, Inc.\* | 7396 | 335261 |
|  Rollins, Inc. | 2737 | 156748 |
|  Waste Management, Inc. | 2566 | 588025 |
|  |  | 1535816 |
|  ***Construction & Engineering (0.5%)*** |  |  |
|  Comfort Systems USA, Inc. | 818 | 575299 |
|  EMCOR Group, Inc. | 528 | 331315 |
|  |  | 906614 |
|  ***Electrical Equipment (0.3%)*** |  |  |
|  Vertiv Holdings Co., Class A | 3558 | 518045 |
|  ***Ground Transportation (0.8%)*** |  |  |
|  Old Dominion Freight Line, Inc. | 2648 | 395214 |
|  Saia, Inc.\* | 67 | 20250 |
|  Uber Technologies, Inc.\* | 1999 | 175412 |
|  U-Haul Holding Co. (Nasdaq Stock Exchange)(x)\* | 89 | 5150 |
|  U-Haul Holding Co. (New York Stock exchange) | 1153 | 59956 |
|  Union Pacific Corp. | 3816 | 847037 |
|  |  | 1503019 |
|  ***Machinery (1.0%)*** |  |  |
|  Caterpillar, Inc. | 2676 | 1172142 |
|  Illinois Tool Works, Inc. | 1690 | 432589 |
|  Lincoln Electric Holdings, Inc. | 1302 | 317037 |
|  |  | 1921768 |
|  ***Passenger Airlines (0.0%)†*** |  |  |
|  American Airlines Group, Inc.\* | 1490 | 17120 |
|  ***Professional Services (1.5%)*** |  |  |
|  Automatic Data Processing, Inc. | 4566 | 1413177 |
|  Paychex, Inc. | 3227 | 465753 |
|  Paycom Software, Inc. | 1606 | 371853 |
|  Verisk Analytics, Inc. | 2160 | 602014 |
|  |  | 2852797 |
|  ***Trading Companies & Distributors (1.2%)*** |  |  |
|  Fastenal Co. | 22838 | 1053517 |
|  United Rentals, Inc. | 283 | 249872 |
|  W.W. Grainger, Inc. | 1101 | 1144533 |
|  |  | 2447922 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Industrials** |  | 13757112 |
|  **Information Technology (46.3%)** |  |  |
|  ***Communications Equipment (0.9%)*** |  |  |
|  Arista Networks, Inc.\* | 8520 | 1049835 |
|  Motorola Solutions, Inc. | 1643 | 721244 |
|  Ubiquiti, Inc.(x) | 128 | 55740 |
|  |  | 1826819 |
|  **Electronic Equipment, Instruments & Components (0.3%)** |  |  |
|  CDW Corp. | 1289 | 224776 |
|  Jabil, Inc. | 1529 | 341227 |
|  |  | 566003 |
|  ***IT Services (0.3%)*** |  |  |
|  Gartner, Inc.\* | 765 | 259067 |
|  GoDaddy, Inc., Class A\* | 1952 | 315404 |
|  VeriSign, Inc. | 12 | 3227 |
|  |  | 577698 |
|  ***Semiconductors & Semiconductor Equipment (19.5%)*** |  |  |
|  Advanced Micro Devices, Inc.\* | 5610 | 989099 |
|  Applied Materials, Inc. | 7258 | 1306875 |
|  Broadcom, Inc. | 26227 | 7702870 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 AVANTIS<sup>®</sup> U.S. LARGE CAP GROWTH FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br>Shares** | **Value**<br>**(Note 1)** |
|  KLA Corp. | 1698 | $1492593 |
|  Lam Research Corp. | 20460 | 1940426 |
|  NVIDIA Corp. | 124809 | 22199777 |
|  QUALCOMM, Inc. | 11105 | 1629770 |
|  Teradyne, Inc. | 2097 | 225281 |
|  Texas Instruments, Inc. | 1506 | 272676 |
|  |  | 37759367 |
|  ***Software (16.5%)*** |  |  |
|  Adobe, Inc.\* | 1230 | 439959 |
|  AppLovin Corp., Class A\* | 2746 | 1072862 |
|  Crowdstrike Holdings, Inc., Class A\* | 943 | 428660 |
|  Dropbox, Inc., Class A\* | 875 | 23774 |
|  Fair Isaac Corp.\* | 128 | 183900 |
|  Fortinet, Inc.\* | 8787 | 877821 |
|  Intuit, Inc. | 1609 | 1263274 |
|  Microsoft Corp. | 40331 | 21516588 |
|  Nutanix, Inc., Class A\* | 445 | 33451 |
|  Oracle Corp. | 6696 | 1699244 |
|  Palantir Technologies, Inc., Class A\* | 11588 | 1834960 |
|  Palo Alto Networks, Inc.\* | 3872 | 672179 |
|  RingCentral, Inc., Class A\* | 470 | 11980 |
|  Salesforce, Inc. | 4232 | 1093253 |
|  ServiceNow, Inc.\* | 993 | 936518 |
|  |  | 32088423 |
|  ***Technology Hardware, Storage & Peripherals (8.8%)*** |  |  |
|  Apple, Inc. | 81350 | 16885819 |
|  HP, Inc. | 670 | 16616 |
|  NetApp, Inc. | 932 | 97049 |
|  |  | 16999484 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Information Technology** |  | 89817794 |
|  **Materials (0.5%)** |  |  |
|  ***Chemicals (0.3%)*** |  |  |
|  RPM International, Inc. | 1043 | 122459 |
|  Sherwin-Williams Co. (The) | 1340 | 443379 |
|  |  | 565838 |
|  ***Construction Materials (0.1%)*** |  |  |
|  Eagle Materials, Inc. | 1181 | 264887 |
|  ***Paper & Forest Products (0.1%)*** |  |  |
|  Louisiana-Pacific Corp. | 1657 | 149809 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Materials** |  | 980534 |
|  **Utilities (0.8%)** |  |  |
|  ***Electric Utilities (0.1%)*** |  |  |
|  Constellation Energy Corp. | 142 | 49393 |
|  NRG Energy, Inc. | 584 | 97645 |
|  |  | 147038 |
|  ***Independent Power and Renewable Electricity Producers (0.7%)*** |  |  |
|  Vistra Corp. | 7013 | 1462491 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Utilities** |  | 1609529 |
|  **Total Common Stocks (99.7%)**<br> *(Cost $151,129,141)* |  | 193528381 |
|  SHORT-TERM INVESTMENTS: |  |  |
|  **Investment Companies (0.1%**) |  |  |
|  Invesco Government & Agency Portfolio, Institutional Shares 4.25% (7 day yield) (xx) | 108081 | 108081 |
|  **Total Short-Term Investments (0.1%)**<br>*(Cost $108,081)* |  | 108081 |
|  **Total Investments in Securities (99.8%)**<br>*(Cost $151,237,222)* |  | 193636462 |
|  **Other Assets Less Liabilities (0.2%)** |  | 293358 |
|  **Net Assets (100%)** |  | $193929820 |

---

*\** *Non-income producing.* 

*†* *Percent shown is less than 0.05%.* 

*(x)* *All or a portion of security is on loan at July 31, 2025.* 

*(xx)* *At July 31, 2025, the Fund had loaned securities with a total value of $153,476. This was collateralized by $50,310 of various U.S. Government Treasury Securities, ranging from 0.125% – 4.875%, maturing 8/31/25 – 11/15/40 and by cash of $108,081 which was subsequently invested in investment companies.* 

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 AVANTIS<sup>®</sup> U.S. LARGE CAP GROWTH FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

The following is a summary of the inputs, summarized in three broad levels, used to value the Fund's assets and liabilities carried at fair value as of July 31, 2025:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type** | **Level 1**<br>**Quoted Prices in Active<br>Markets for Identical<br>Securities** | **Level 2**<br>**Significant Other<br>Observable Inputs<br>(including quoted prices<br>for similar securities,<br>interest rates,<br>prepayment speeds,**<br>**credit risk, etc.)** | **Level 3<br>Significant Unobservable<br>Inputs (including the<br>Fund's own**<br>**assumptions in**<br>**determining the fair<br>value of investments)** | **Total** |
|  **Assets:** |  |  |  |  |
|  **Common Stocks** |  |  |  |  |
|  Communication Services | $24229112 | $— | $— | $24229112 |
|  Consumer Discretionary | 30494516 |  |  | 30494516 |
|  Consumer Staples | 5568671 |  |  | 5568671 |
|  Energy | 3745584 |  |  | 3745584 |
|  Financials | 13072802 |  |  | 13072802 |
|  Health Care | 10252727 |  |  | 10252727 |
|  Industrials | 13757112 |  |  | 13757112 |
|  Information Technology | 89817794 |  |  | 89817794 |
|  Materials | 980534 |  |  | 980534 |
|  Utilities | 1609529 |  |  | 1609529 |
|  **Short-Term Investments** |  |  |  |  |
|  Investment Companies | 108081 |  |  | 108081 |
|  **Total Assets** | $**193636462** | $**—** | $**—** | $**193636462** |
|  **Total Liabilities** | $**—** | $**—** | $**—** | $**—** |
|  **Total** | $**193636462** | $**—** | $**—** | $**193636462** |

---

As of July 31, 2025, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments in securities and derivative instruments, if applicable, for Federal income tax purposes was as follows:

---

| | |
|:---|:---|
|  Aggregate gross unrealized appreciation | $46376662 |
|  Aggregate gross unrealized depreciation | (3979902) |
|  Net unrealized appreciation | $42396760 |
|  Federal income tax cost of investments in securities and derivative instruments, if applicable | $151239702 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 DIVERSIFIED BOND FUND

PORTFOLIO OF INVESTMENTS

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** | **Value**<br>**(Note 1)** |
|  LONG-TERM DEBT SECURITIES: |  |  |
|  **Asset-Backed Securities (7.1%)** |  |  |
|  Consolidated Communications LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.506%, 5/20/55§ | $3000000 | $3057048 |
|  Frontier Issuer LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1 B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.020%, 6/20/54§ | 2470000 | 2565157 |
|  MetroNet Infrastructure Issuer LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2A B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.590%, 8/20/55§ | 2670000 | 2669140 |
|  OHA Credit Funding 2 Ltd., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-2A D1R2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.025%, 1/21/38(l)§ | 4650000 | 4665596 |
|  Point Broadband Funding LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.727%, 7/20/55§ | 7890000 | 7877582 |
|  TRTX Issuer Ltd., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-FL6 C |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.746%, 9/18/42(l)§ | 6760000 | 6692443 |
|  Zayo Issuer LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2A A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.953%, 6/20/55§ | 10120000 | 10309915 |
|  Ziply Fiber Issuer LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1A B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.810%, 4/20/54§ | 3040000 | 3139597 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Asset- Backed Securities** |  | 40976478 |
|  **Collateralized Mortgage Obligation (1.7%)** |  |  |
|  FHLMC STACR REMIC Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-DNA2 B1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.100%, 2/25/42(l)§ | 2430000 | 2550178 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-DNA6 M2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.100%, 9/25/42(l)§ | 6300000 | 6885465 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Collateralized Mortgage Obligation** |  | 9435643 |
|  **Commercial Mortgage-Backed Securities (6.3%)** |  |  |
|  CFCRE Commercial Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-C4 D |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.842%, 5/10/58(l)§ | 2200000 | 2114552 |
|  FHLMC MSCR Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-MN10 M2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.169%, 2/25/45(l)§ | 3290000 | 3257089 |
|  Multifamily Connecticut Avenue Securities Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-01 M10 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.714%, 10/25/49(l)§ | 5613844 | 5698020 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-01 M10 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.850%, 11/25/53(l)§ | 10480000 | 11833309 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-01 M7 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.100%, 7/25/54(l)§ | 8451548 | 8567358 |
|  Wells Fargo Commercial Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2015-C31 B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.482%, 11/15/48(l) | 5030000 | 4962332 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Commercial Mortgage- Backed Securities** |  | 36432660 |
|  **Corporate Bonds (7.5%)** |  |  |
|  **Consumer Discretionary (0.4%)** |  |  |
|  ***Broadline Retail (0.3%)*** |  |  |
|  SGUS LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.000%, 12/15/29§ | 1500000 | 1425000 |
|  ***Specialty Retail (0.1%)*** |  |  |
|  Saks Global Enterprises LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.000%, 12/15/29§ | 3130000 | 713640 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Discretionary** |  | 2138640 |
|  **Energy (2.5%)** |  |  |
|  ***Oil, Gas & Consumable Fuels (2.5%)*** |  |  |
|  NFE Financing LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.000%, 11/15/29§ | 4906200 | 1729435 |
|  Petroleos Mexicanos |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 2/12/28 | 13080000 | 12726840 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** |  | 14456275 |
|  **Financials (4.0%)** |  |  |
|  ***Banks (1.0%)*** |  |  |
|  NatWest Group plc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (USD Swap Semi 5 Year + 5.72%), 8.000%, 8/10/25(k)(y) | 3060000 | 3060000 |
|  Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series BB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.45%), 3.900%, 3/15/26(k)(y) | 2770000 | 2737478 |
|  |  | 5797478 |
|  ***Capital Markets (2.3%)*** |  |  |
|  Charles Schwab Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series I |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.17%), 4.000%, 6/1/26(k)(y) | 5140000 | 5050050 |
|  Golub Capital BDC, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 8/24/26 | 4705000 | 4582922 |
|  UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.10%), 3.875%, 6/2/26(k)(y)§ | 3830000 | 3758724 |
|  |  | 13391696 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 DIVERSIFIED BOND FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
|  | **Principal<br>Amount** | **Principal<br>Amount** | **Value<br>(Note 1)** |
|  ***Consumer Finance (0.2%)*** |  |  |  |
|  American Express Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.85%), 3.550%, 9/15/26(k)(y) | $| 865000 | $840670 |
|  ***Financial Services (0.5%)*** |  |  |  |
|  Freedom Mortgage Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 1/15/27§ |  | 2870000 | 2869856 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** |  |  | 22899700 |
|  **Real Estate (0.3%)** |  |  |  |
|  ***Diversified REITs (0.3%)*** |  |  |  |
|  Trust Fibra Uno (REIT) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.700%, 1/23/32§ |  | 1720000 | 1814084 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Real Estate** |  |  | 1814084 |
|  **Utilities (0.3%)** |  |  |  |
|  ***Independent Power and Renewable Electricity Producers (0.3%)*** |  |  |  |
|  FIEMEX Energia - Banco Actinver SA Institucionde Banca Multiple 7.250%, 1/31/41§ |  | 1541088 | 1575763 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Utilities** |  |  | 1575763 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Corporate Bonds** |  |  | 42884462 |
|  **Foreign Government Securities (20.8%)** |  |  |  |
|  Japan Government Bond |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.400%, 3/20/55 | JPY | 4377000000 | 25415556 |
|  Mex Bonos Desarr Fix Rt Series M |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 7/31/53 | MXN | 806500000 | 34902507 |
|  Notas do Tesouro Nacional |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 1/1/35 | BRL | 151480000 | 21705826 |
|  Republic of Panama |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.870%, 7/23/60 | $| 4610000 | 2696850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 1/19/63 |  | 4770000 | 3126735 |
|  U.K. Treasury Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 7/31/54(m) | GBP | 28030000 | 31588786 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Government Securities** |  |  | 119436260 |
|  **Mortgage-Backed Securities (30.1%)** |  |  |  |
|  GNMA |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/20/53 | $| 11524787 | 11751903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/20/53 |  | 13349299 | 13599856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/20/53 |  | 6195584 | 6311386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 2/20/54 |  | 4339958 | 4419720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 4/20/54 |  | 5340580 | 5430805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 5/20/54 |  | 9037266 | 9195593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 6/20/54 |  | 8114278 | 8251363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 7/20/54 |  | 16119385 | 16366524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 8/20/54 |  | 15408501 | 15639926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 9/20/54 |  | 15379109 | 15600480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/20/54 |  | 15564481 | 15782440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/20/54 |  | 13259785 | 13441326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/20/54 |  | 8005421 | 8118152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 1/20/55 |  | 14293861 | 14498494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 2/20/55 |  | 14286818 | 14491350 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Mortgage-Backed Securities** |  |  | 172899318 |
|  **U.S. Treasury Obligations (12.5%)** |  |  |  |
|  U.S. Treasury Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 5/15/55 |  | 45430000 | 44441629 |
|  U.S. Treasury Inflation Linked Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 2/15/55 TIPS |  | 29258500 | 27771829 |
|  **Total U.S. Treasury Obligations** |  |  | 72213458 |
|  **Total Long-Term Debt Securities (86.0%)**<br> *(Cost $502,683,231)* |  |  | 494278279 |
|  SHORT-TERM INVESTMENTS: |  |  |  |
|  **Foreign Government Treasury Bills (6.1%)** |  |  |  |
|  Arab Republic of Egypt |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 29.28%, 10/14/25(p) | EGP | 1008000000 | 19575788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25.99%, 2/3/26(p) |  | 841200000 | 15284138 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Government Treasury Bills** | &nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Government Treasury Bills** | &nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Government Treasury Bills** | 34859926 |
|  | **Number of<br>Shares** | **Number of<br>Shares** | **Value<br>(Note 1)** |
|  **Investment Companies (1.6%)** |  |  |  |
|  JPMorgan Prime Money Market Fund, IM Shares 4.46% (7 day yield) |  | 9385680 | 9386618 |
|  **Total Short-Term Investments** **(7.7%)**<br> *(Cost $43,338,334)* |  |  | 44246544 |
|  **Total Investments in Securities** **(93.7%)***<br>(Cost $546,021,565)* |  |  | 538524823 |
|  **Other Assets Less Liabilities (6.3%)** | **Other Assets Less Liabilities (6.3%)** | **Other Assets Less Liabilities (6.3%)** | 35966964 |
|  **Net Assets (100%)** |  |  | $574491787 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 DIVERSIFIED BOND FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | |
|:---|:---|
| *§* | *Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At July 31, 2025, the market value of these securities amounted to $95,768,951 or 16.7% of net assets.*  |

---

*(k)* *Variable or floating rate security, linked to the referenced benchmark. The interest rate shown was the current rate as of July 31, 2025.* 

*(l)* *Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current rate as of July 31, 2025.* 

*(m)* *Regulation S is an exemption for securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States. Resale restrictions may apply for purposes of the Securities Act of 1933. At July 31, 2025, the market value or fair value, as applicable, of these securities amounted to $31,588,786 or 5.5% of net assets.* 

*(p)* *Yield to maturity.* 

*(y)* *Securities are perpetual and, thus, do not have a predetermined maturity date. The coupon rate for these securities are fixed for a period of time and may be structured to adjust thereafter. The date shown, if applicable, reflects the next call date. The coupon rate shown is the rate in effect as of July 31, 2025.* 

*Glossary:* 

*AUD — Australian Dollar* 

*BRL — Brazilian Real* 

*CAD — Canadian Dollar* 

*CHF — Swiss Franc* 

*EGP — Egyptian Pound* 

*EUR — European Currency Unit* 

*FHLMC — Federal Home Loan Mortgage Corp.* 

*GBP — British Pound* 

*GNMA — Government National Mortgage Association* 

*JPY — Japanese Yen* 

*MXN — Mexican Peso* 

*REIT — Real Estate Investment Trust* 

*REMIC — Real Estate Mortgage Investment Conduit* 

*SEK — Swedish Krona* 

*STACR — Structured Agency Credit Risk* 

*TIPS — Treasury Inflation Protected Security* 

*USD — United States Dollar* 

*ZAR — South African Rand* 

**Futures contracts outstanding as of July 31, 2025 (Note 1):** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of<br>Contracts** | **Expiration<br>Date** | **Trading<br>Currency** | **Notional<br>Amount ($)** | **Value and<br>Unrealized<br>Appreciation<br>(Depreciation) ($)** |
|  **Long Contracts** |  |  |  |  |  |
|  Long Gilt | 348 | 9/2025 | GBP | 42355464 | 450191 |
|  U.S. Treasury 10 Year Note | 860 | 9/2025 | USD | 95513750 | (440145) |
|  U.S. Treasury 10 Year Ultra Note | 657 | 9/2025 | USD | 74292328 | 381106 |
|  U.S. Treasury Ultra Bond | 1294 | 9/2025 | USD | 151802375 | 2226229 |
|  |  |  |  |  | 2617381 |
|  **Short Contracts** |  |  |  |  |  |
|  Canada 10 Year Bond | (448) | 9/2025 | CAD | (38967205) | 466960 |
|  Euro-Bund | (1185) | 9/2025 | EUR | (175396163) | 1700728 |
|  |  |  |  |  | 2167688 |
|  |  |  |  |  | 4785069 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 DIVERSIFIED BOND FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

**Forward Foreign Currency Contracts outstanding as of July 31, 2025 (Note 1):** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation) ($)** |
|  EUR | 1000000 | USD | 1137612 | Citibank NA | 8/5/2025 | 3663 |
|  USD | 28776384 | EUR | 24570000 | Goldman Sachs Bank USA | 8/5/2025 | 735254 |
|  USD | 29007899 | EUR | 24770000 | JPMorgan Chase Bank | 8/5/2025 | 738514 |
|  USD | 570163 | EUR | 490000 | Morgan Stanley | 8/5/2025 | 10938 |
|  USD | 453204 | ZAR | 8100000 | Goldman Sachs Bank USA | 8/7/2025 | 8638 |
|  USD | 17468788 | ZAR | 312300000 | HSBC Bank plc | 8/7/2025 | 328302 |
|  ZAR | 118900000 | USD | 6478470 | HSBC Bank plc | 8/7/2025 | 47319 |
|  USD | 57179722 | AUD | 88430000 | Barclays Bank plc | 9/12/2025 | 307188 |
|  USD | 75826448 | SEK | 722300000 | HSBC Bank plc | 9/12/2025 | 1848282 |
|  USD | 51130896 | CHF | 40390000 | UBS AG | 9/22/2025 | 1088355 |
|  USD | 28015128 | JPY | 4060000000 | Citibank NA | 9/26/2025 | 924961 |
|  USD | 31151535 | GBP | 22920000 | HSBC Bank plc | 9/30/2025 | 864593 |
|  USD | 28170543 | GBP | 20950000 | Standard Chartered Bank | 9/30/2025 | 486798 |
|  USD | 51786890 | MXN | 971100000 | Citibank NA | 10/29/2025 | 793485 |
|  USD | 74839797 | EUR | 64830000 | JPMorgan Chase Bank | 11/5/2025 | 391761 |
|  **Total unrealized appreciation** | **Total unrealized appreciation** | **Total unrealized appreciation** |  |  |  | 8578051 |
|  EUR | 83020000 | USD | 95212790 | JPMorgan Chase Bank | 8/5/2025 | (464127) |
|  USD | 20617637 | EUR | 18190000 | JPMorgan Chase Bank | 8/5/2025 | (142157) |
|  USD | 18188696 | EUR | 16000000 | Standard Chartered Bank | 8/5/2025 | (71706) |
|  ZAR | 201500000 | USD | 11330030 | HSBC Bank plc | 8/7/2025 | (270767) |
|  AUD | 42300000 | USD | 27893466 | Goldman Sachs Bank USA | 9/12/2025 | (688805) |
|  AUD | 43130000 | USD | 28282226 | JPMorgan Chase Bank | 9/12/2025 | (543761) |
|  AUD | 87920000 | USD | 57664245 | Morgan Stanley | 9/12/2025 | (1119710) |
|  AUD | 1200000 | USD | 781625 | Standard Chartered Bank | 9/12/2025 | (9861) |
|  SEK | 6500000 | USD | 683950 | Goldman Sachs Bank USA | 9/12/2025 | (18218) |
|  SEK | 501400000 | USD | 52837159 | HSBC Bank plc | 9/12/2025 | (1483633) |
|  SEK | 483700000 | USD | 51168292 | UBS AG | 9/12/2025 | (1627604) |
|  USD | 28136770 | CHF | 22860000 | UBS AG | 9/22/2025 | (186391) |
|  JPY | 4060000000 | USD | 28411477 | Citibank NA | 9/26/2025 | (1321309) |
|  JPY | 4236000000 | USD | 28641787 | Morgan Stanley | 9/26/2025 | (377268) |
|  JPY | 4177000000 | USD | 28509789 | Standard Chartered Bank | 9/26/2025 | (638944) |
|  GBP | 20260000 | USD | 27002832 | HSBC Bank plc | 9/30/2025 | (230867) |
|  GBP | 380000 | USD | 514299 | Standard Chartered Bank | 9/30/2025 | (12159) |
|  MXN | 319200000 | USD | 17039790 | Standard Chartered Bank | 10/29/2025 | (278288) |
|  **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** |  |  |  | (9485575) |
|  **Net unrealized depreciation** | **Net unrealized depreciation** | **Net unrealized depreciation** |  |  |  | (907524) |

---

**Centrally Cleared Credit default swap contracts outstanding - buy protection as of July 31, 2025 (Note 1):** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference**<br> **Obligation/Index** | **Financing Rate<br>(Paid) / Received<br>by the Fund (%)** | **Frequency of<br>Payments<br>Made/Received** | **Maturity Date** | **Implied Credit<br>Spread (%)** | **Notional Amount** | **Upfront<br>(Payments)<br>Receipts ($)** | **Unrealized<br>Appreciation<br>(Depreciation) ($)** | **Value ($)** |
|  CDX North American |  |  |  |  |  |  |  |  |
|  High Yield 44-V1 | 5.00 | Quarterly | 6/20/2030 | 3.22 | USD 53,400,000 | (3976512) | (199208) | (4175720) |
|  Total Centrally Cleared Credit default swap contracts outstanding | Total Centrally Cleared Credit default swap contracts outstanding | Total Centrally Cleared Credit default swap contracts outstanding | Total Centrally Cleared Credit default swap contracts outstanding | Total Centrally Cleared Credit default swap contracts outstanding |  | (3976512) | (199208) | (4175720) |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 DIVERSIFIED BOND FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

The following is a summary of the inputs, summarized in three broad levels, used to value the Fund's assets and liabilities carried at fair value as of July 31, 2025:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type** | **Level 1<br>Quoted Prices in Active<br>Markets for Identical<br>Securities** | **Level 2<br>Significant Other<br>Observable Inputs<br>(including quoted prices<br>for similar securities,<br>interest rates,<br>prepayment speeds,<br>credit risk, etc.)** | **Level 3<br>Significant Unobservable<br>Inputs (including the<br>Fund's own**<br>**assumptions in**<br>**determining the fair**<br>**value of investments)** | **Total** |
|  **Assets:** |  |  |  |  |
|  **Asset-Backed Securities** | $— | $40976478 | $— | $40976478 |
|  **Collateralized Mortgage Obligations** |  | 9435643 |  | 9435643 |
|  **Commercial Mortgage-Backed Securities** |  | 36432660 |  | 36432660 |
|  **Corporate Bonds** |  |  |  |  |
|  Consumer Discretionary |  | 2138640 |  | 2138640 |
|  Energy |  | 14456275 |  | 14456275 |
|  Financials |  | 22899700 |  | 22899700 |
|  Real Estate |  | 1814084 |  | 1814084 |
|  Utilities |  | 1575763 |  | 1575763 |
|  **Foreign Government Securities** |  | 119436260 |  | 119436260 |
|  **Forward Currency Contracts** |  | 8578051 |  | 8578051 |
|  **Futures** | 5225214 |  |  | 5225214 |
|  **Mortgage-Backed Securities** |  | 172899318 |  | 172899318 |
|  **Short-Term Investments** |  |  |  |  |
|  Foreign Government Treasury Bills |  | 34859926 |  | 34859926 |
|  Investment Companies | 9386618 |  |  | 9386618 |
|  **U.S. Treasury Obligations** |  | 72213458 |  | 72213458 |
|  **Total Assets** | $**14611832** | $**537716256** | $**—** | $**552328088** |
|  **Liabilities:** |  |  |  |  |
|  **Centrally Cleared Credit Default Swaps** | $— | $(199208) | $— | $(199208) |
|  **Forward Currency Contracts** |  | (9485575) |  | (9485575) |
|  **Futures** | (440145) |  |  | (440145) |
|  **Total Liabilities** | $**(440145)** | $**(9684783)** | $**—** | $**(10124928)** |
|  **Total** | $**14171687** | $**528031473** | $**—** | $**542203160** |

---

As of July 31, 2025, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments in securities and derivative instruments, if applicable, for Federal income tax purposes was as follows:

---

| | |
|:---|:---|
|  Aggregate gross unrealized appreciation | $19551091 |
|  Aggregate gross unrealized depreciation | (17264259) |
|  Net unrealized appreciation | $2286832 |
|  Federal income tax cost of investments in securities and derivative instruments, if applicable | $535939816 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 ESSEX SMALL CAP GROWTH FUND

PORTFOLIO OF INVESTMENTS

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br>Shares** | **Value<br>(Note 1)** |
|  COMMON STOCKS: |  |  |
|  **Communication Services (0.7%)** |  |  |
|  ***Interactive Media & Services (0.7%)*** |  |  |
|  EverQuote, Inc., Class A\* | 23574 | $579685 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Communication Services** |  | 579685 |
|  **Consumer Discretionary (5.0%)** |  |  |
|  ***Automobile Components (1.1%)*** |  |  |
|  Patrick Industries, Inc. | 9101 | 884981 |
|  ***Diversified Consumer Services (2.5%)*** |  |  |
|  Lincoln Educational Services Corp.\* | 86515 | 1978598 |
|  ***Hotels, Restaurants & Leisure (1.0%)*** |  |  |
|  Potbelly Corp.\* | 49946 | 600851 |
|  Sweetgreen, Inc., Class A\* | 18148 | 233746 |
|  |  | 834597 |
|  ***Specialty Retail (0.4%)*** |  |  |
|  Haverty Furniture Cos., Inc. | 16612 | 342706 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Discretionary** |  | 4040882 |
|  **Consumer Staples (1.5%)** |  |  |
|  ***Food Products (1.5%)*** |  |  |
|  Mama's Creations, Inc.\* | 75275 | 621771 |
|  SunOpta, Inc.\* | 103619 | 604099 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Staples** |  | 1225870 |
|  **Energy (2.6%)** |  |  |
|  ***Energy Equipment & Services (2.0%)*** |  |  |
|  Expro Group Holdings NV\* | 34814 | 375295 |
|  Oceaneering International, Inc.\* | 23959 | 519910 |
|  TETRA Technologies, Inc.\* | 170506 | 699075 |
|  |  | 1594280 |
|  ***Oil, Gas & Consumable Fuels (0.6%)*** |  |  |
|  Matador Resources Co. | 9978 | 497702 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** |  | 2091982 |
|  **Financials (5.3%)** |  |  |
|  ***Banks (0.5%)*** |  |  |
|  Riverview Bancorp, Inc. | 86020 | 424079 |
|  Capital Markets (1.8%) |  |  |
|  BGC Group, Inc., Class A | 78016 | 723208 |
|  Evercore, Inc., Class A | 2522 | 759475 |
|  |  | 1482683 |
|  ***Financial Services (0.8%)*** |  |  |
|  Paymentus Holdings, Inc., Class A\* | 21985 | 612942 |
|  ***Insurance (2.2%)*** |  |  |
|  HCI Group, Inc. | 6195 | 867548 |
|  Universal Insurance Holdings, Inc. | 39858 | 942243 |
|  |  | 1809791 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** |  | 4329495 |
|  **Health Care (20.3%)** |  |  |
|  ***Biotechnology (5.9%)*** |  |  |
|  Arcutis Biotherapeutics, Inc.\* | 45095 | 657485 |
|  Insmed, Inc.\* | 15845 | 1699852 |
|  Kamada Ltd. | 86620 | 640122 |
|  Kiniksa Pharmaceuticals International plc, Class A\* | 38542 | 1166281 |
|  Mirum Pharmaceuticals, Inc.\* | 12186 | 629772 |
|  |  | 4793512 |
|  ***Health Care Equipment & Supplies (6.2%)*** |  |  |
|  AngioDynamics, Inc.\* | 71932 | 637317 |
|  Beta Bionics, Inc.(x)\* | 38514 | 646650 |
|  Brainsway Ltd. (ADR)\* | 65681 | 767154 |
|  ClearPoint Neuro, Inc.\* | 73542 | 764837 |
|  NeuroPace, Inc.\* | 16307 | 138773 |
|  PROCEPT BioRobotics Corp.\* | 9586 | 465017 |
|  SI-BONE, Inc.\* | 46875 | 798281 |
|  Stereotaxis, Inc.\* | 350059 | 794634 |
|  |  | 5012663 |
|  ***Health Care Providers & Services (0.6%)*** |  |  |
|  InfuSystem Holdings, Inc.\* | 85833 | 480665 |
|  ***Health Care Technology (0.8%)*** |  |  |
|  Phreesia, Inc.\* | 24178 | 651839 |
|  ***Life Sciences Tools & Services (1.7%)*** |  |  |
|  Adaptive Biotechnologies Corp.\* | 138873 | 1422059 |
|  ***Pharmaceuticals (5.1%)*** |  |  |
|  EyePoint Pharmaceuticals, Inc.\* | 28071 | 275657 |
|  Journey Medical Corp.\* | 77661 | 570809 |
|  Ligand Pharmaceuticals, Inc.\* | 6415 | 844086 |
|  MediWound Ltd.(x)\* | 33333 | 621327 |
|  Ocular Therapeutix, Inc.\* | 85747 | 992950 |
|  Xeris Biopharma Holdings, Inc.\* | 164136 | 835452 |
|  |  | 4140281 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Health Care** |  | 16501019 |
|  **Industrials (35.2%)** |  |  |
|  ***Aerospace & Defense (6.2%)*** |  |  |
|  Kratos Defense & Security Solutions, Inc.\* | 42450 | 2491815 |
|  Leonardo DRS, Inc. | 57128 | 2376525 |
|  Park Aerospace Corp. | 6829 | 123058 |
|  |  | 4991398 |
|  ***Building Products (1.6%)*** |  |  |
|  Builders FirstSource, Inc.\* | 3183 | 404655 |
|  Griffon Corp. | 10911 | 886737 |
|  |  | 1291392 |
|  ***Commercial Services & Supplies (5.3%)*** |  |  |
|  ACV Auctions, Inc., Class A\* | 29441 | 418356 |
|  CECO Environmental Corp.\* | 34704 | 1559945 |
|  Enviri Corp.\* | 77303 | 695727 |
|  Liquidity Services, Inc.\* | 23849 | 569514 |
|  Montrose Environmental Group, Inc.\* | 24398 | 553591 |
|  Perma-Fix Environmental Services, Inc.\* | 42984 | 495176 |
|  |  | 4292309 |
|  ***Construction & Engineering (6.8%)*** |  |  |
|  Argan, Inc. | 6195 | 1517651 |
|  Everus Construction Group, Inc.\* | 8795 | 653117 |
|  Great Lakes Dredge & Dock Corp.\* | 66996 | 742316 |
|  Matrix Service Co.\* | 46601 | 712063 |
|  Orion Group Holdings, Inc.\* | 68093 | 504569 |
|  Sterling Infrastructure, Inc.\* | 5292 | 1416086 |
|  |  | 5545802 |
|  ***Electrical Equipment (5.3%)*** |  |  |
|  American Superconductor Corp.\* | 28380 | 1613403 |
|  Amprius Technologies, Inc.\* | 171273 | 1186922 |
|  LSI Industries, Inc. | 60144 | 1100635 |
|  Ultralife Corp.\* | 54222 | 432149 |
|  |  | 4333109 |
|  ***Ground Transportation (0.9%)*** |  |  |
|  Covenant Logistics Group, Inc., Class A | 29167 | 704383 |
|  ***Machinery (2.9%)*** |  |  |
|  Graham Corp.\* | 31449 | 1797311 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 ESSEX SMALL CAP GROWTH FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br>Shares** | **Value<br>(Note 1)** |
|  Worthington Enterprises, Inc. | 9261 | $573904 |
|  |  | 2371215 |
|  ***Professional Services (5.0%)*** |  |  |
|  BlackSky Technology, Inc., Class A(x)\* | 30017 | 577527 |
|  Fiverr International Ltd.\* | 17434 | 384943 |
|  IBEX Holdings Ltd.\* | 12718 | 376071 |
|  Kelly Services, Inc., Class A | 26307 | 322261 |
|  Legalzoom.com, Inc.\* | 63362 | 569624 |
|  Upwork, Inc.\* | 31963 | 382278 |
|  Willdan Group, Inc.\* | 17277 | 1473728 |
|  |  | 4086432 |
|  ***Trading Companies & Distributors (1.2%)*** |  |  |
|  MRC Global, Inc.\* | 24044 | 352966 |
|  Transcat, Inc.\* | 8552 | 653629 |
|  |  | 1006595 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Industrials** |  | 28622635 |
|  **Information Technology (23.9%)** |  |  |
|  ***Communications Equipment (1.4%)*** |  |  |
|  Ceragon Networks Ltd.\* | 234268 | 517732 |
|  Extreme Networks, Inc.\* | 36623 | 646762 |
|  |  | 1164494 |
|  ***Electronic Equipment, Instruments & Components (6.9%)*** |  |  |
|  908 Devices, Inc.\* | 107348 | 703129 |
|  Arlo Technologies, Inc.\* | 44627 | 722957 |
|  Frequency Electronics, Inc. | 20505 | 545433 |
|  Identiv, Inc.\* | 90407 | 328178 |
|  Mirion Technologies, Inc., Class A\* | 71657 | 1601534 |
|  Novanta, Inc.\* | 4550 | 559741 |
|  Ouster, Inc.\* | 49233 | 1151068 |
|  |  | 5612040 |
|  ***IT Services (2.1%)*** |  |  |
|  Castellum, Inc.(x)\* | 469157 | 558297 |
|  Crexendo, Inc.\* | 163104 | 908489 |
|  Research Solutions, Inc.\* | 104364 | 278130 |
|  |  | 1744916 |
|  ***Semiconductors & Semiconductor Equipment (4.6%)*** |  |  |
|  Ambarella, Inc.\* | 11403 | 753625 |
|  Cohu, Inc.\* | 32963 | 588719 |
|  Penguin Solutions, Inc.(x)\* | 36801 | 867400 |
|  Semtech Corp.\* | 11732 | 599505 |
|  Tower Semiconductor Ltd.\* | 19807 | 906170 |
|  |  | 3715419 |
|  ***Software (8.9%)*** |  |  |
|  Airship AI Holdings, Inc.(x)\* | 70013 | 363368 |
|  Arteris, Inc.\* | 64090 | 631927 |
|  AvePoint, Inc.\* | 64365 | 1228084 |
|  Blend Labs, Inc., Class A\* | 92928 | 307592 |
|  Cognyte Software Ltd.\* | 77084 | 713798 |
|  Docebo, Inc.\* | 16667 | 505010 |
|  OneSpan, Inc. | 49891 | 735892 |
|  RADCOM Ltd.\* | 51206 | 694353 |
|  Red Violet, Inc. | 13433 | 595485 |
|  SimilarWeb Ltd.\* | 59048 | 493641 |
|  Viant Technology, Inc., Class A\* | 35655 | 516998 |
|  Zeta Global Holdings Corp., Class A\* | 28533 | 446541 |
|  |  | 7232689 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Information Technology** |  | 19469558 |
|  **Materials (0.6%)** |  |  |
|  ***Chemicals (0.6%)*** |  |  |
|  Aspen Aerogels, Inc.\* | 59551 | 456161 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Materials** |  | 456161 |
|  **Total Common Stocks (95.1%)***<br>(Cost $52,659,292)* |  | 77317287 |
|  EXCHANGE TRADED FUNDS (ETF): |  |  |
|  **Equity (0.4%)** |  |  |
|  iShares Russell 2000 Growth ETF(x) | 1120 | 324968 |
|  **Total Exchange Traded Funds (0.4%)***<br>(Cost 327,153)* |  | 324968 |
|  SHORT-TERM INVESTMENTS: |  |  |
|  **Investment Companies (5.7%)** |  |  |
|  Dreyfus Treasury Obligations Cash Management Fund 4.19% (7 dayyield) (xx) | 200000 | 200000 |
|  Invesco Government & Agency Portfolio, Institutional Shares 4.25% (7 day yield) (xx) | 2038565 | 2038565 |
|  JPMorgan Prime Money Market Fund, IM Shares 4.46% (7 dayyield) | 2375360 | 2375598 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Investment Companies** |  | 4614163 |
|  **Total Short-Term Investments (5.7%)***<br>(Cost $4,614,401)* |  | 4614163 |
|  **Total Investments in Securities (101.2%)***<br>(Cost $57,600,846)* |  | 82256418 |
|  **Other Assets Less Liabilities (-1.2%)** |  | (996136) |
|  **Net Assets (100%)** |  | $81260282 |

---

*\** *Non-income producing.* 

*(x)* *All or a portion of security is on loan at July 31, 2025.* 

*(xx)* *At July 31, 2025, the Fund had loaned securities with a total value of $3,027,103. This was collateralized by $1,009,640 of various U.S. Government Treasury Securities, ranging from 0.000% – 4.625%, maturing 8/7/25 – 2/15/51 and by cash of $2,238,565 which was subsequently invested in investment companies.* 

*Glossary:* 

*ADR — American Depositary Receipt* 

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 ESSEX SMALL CAP GROWTH FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

The following is a summary of the inputs, summarized in three broad levels, used to value the Fund's assets and liabilities carried at fair value as of July 31, 2025:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type** | **Level 1<br>Quoted Prices in Active<br>Markets for Identical<br>Securities** | **Level 2<br>Significant Other<br>Observable Inputs<br>(including quoted prices<br>for similar securities,<br>interest rates,<br>prepayment speeds,<br>credit risk, etc.)** | **Level 3<br>Significant Unobservable<br>Inputs (including the<br>Fund's own**<br>**assumptions in**<br>**determining the fair<br>value of investments)** | **Total** |
|  **Assets:** |  |  |  |  |
|  **Common Stocks** |  |  |  |  |
|  Communication Services | $579685 | $— | $— | $579685 |
|  Consumer Discretionary | 4040882 |  |  | 4040882 |
|  Consumer Staples | 1225870 |  |  | 1225870 |
|  Energy | 2091982 |  |  | 2091982 |
|  Financials | 4329495 |  |  | 4329495 |
|  Health Care | 16501019 |  |  | 16501019 |
|  Industrials | 28622635 |  |  | 28622635 |
|  Information Technology | 19469558 |  |  | 19469558 |
|  Materials | 456161 |  |  | 456161 |
|  **Exchange Traded Funds** | 324968 |  |  | 324968 |
|  **Short-Term Investments** |  |  |  |  |
|  Investment Companies | 4614163 |  |  | 4614163 |
|  **Total Assets** | $**82256418** | $**—** | $**—** | $**82256418** |
|  **Total Liabilities** | $**—** | $**—** | $**—** | $**—** |
|  **Total** | $**82256418** | $**—** | $**—** | $**82256418** |

---

As of July 31, 2025, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments in securities and derivative instruments, if applicable, for Federal income tax purposes was as follows:

---

| | |
|:---|:---|
|  Aggregate gross unrealized appreciation | $27026934 |
|  Aggregate gross unrealized depreciation | (2620093) |
|  Net unrealized appreciation | $24406841 |
|  Federal income tax cost of investments in securities and derivative instruments, if applicable | $57849577 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 GAMCO SMALL/MID CAP VALUE FUND

PORTFOLIO OF INVESTMENTS

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br>Shares** | **Value**<br>**(Note 1)** |
|  COMMON STOCKS: |  |  |
|  **Communication Services (19.0%)** |  |  |
|  ***Diversified Telecommunication Services (1.8%)*** |  |  |
|  Anterix, Inc.\* | 2500 | $55525 |
|  Liberty Global Ltd., Class A\* | 25000 | 250500 |
|  Telesat Corp.\* | 114000 | 2722320 |
|  |  | 3028345 |
|  ***Entertainment (5.4%)*** |  |  |
|  Atlanta Braves Holdings, Inc., Class A\* | 40500 | 1907550 |
|  Atlanta Braves Holdings, Inc., Class C\* | 33000 | 1470480 |
|  Liberty Media Corp.-Liberty Live, Class A\* | 1000 | 81800 |
|  Lionsgate Studios Corp.\* | 65100 | 385392 |
|  Madison Square Garden Entertainment Corp., Class A\* | 19000 | 718010 |
|  Madison Square Garden Sports Corp.\* | 15500 | 3132550 |
|  Sphere Entertainment Co.(x)\* | 30000 | 1291500 |
|  Starz Entertainment Corp. | 4228 | 61517 |
|  Vivendi SE | 50000 | 189725 |
|  |  | 9238524 |
|  ***Media (8.9%)*** |  |  |
|  Altice USA, Inc., Class A\* | 3000 | 7800 |
|  AMC Networks, Inc., Class A(x)\* | 27000 | 161730 |
|  Clear Channel Outdoor Holdings, Inc.\* | 560000 | 593600 |
|  Corus Entertainment, Inc., Class B\* | 75000 | 5142 |
|  EchoStar Corp., Class A(x)\* | 32500 | 1059175 |
|  EW Scripps Co. (The), Class A\* | 60000 | 179400 |
|  Fox Corp., Class B | 12000 | 613680 |
|  Grupo Televisa SAB (ADR)(x) | 700000 | 1960000 |
|  JCDecaux SE | 38500 | 634878 |
|  News Corp., Class B | 20000 | 668400 |
|  Nexstar Media Group, Inc., Class A | 10200 | 1908522 |
|  Paramount Global, Class A | 124500 | 2376705 |
|  Paramount Global, Class B | 10000 | 125700 |
|  Sinclair, Inc. | 189000 | 2732940 |
|  Sirius XM Holdings, Inc. | 38000 | 802560 |
|  TEGNA, Inc. | 75000 | 1252500 |
|  WideOpenWest, Inc.\* | 31000 | 104470 |
|  |  | 15187202 |
|  ***Wireless Telecommunication Services (2.9%)*** |  |  |
|  Gogo, Inc.\* | 12900 | 204594 |
|  Millicom International Cellular SA | 37500 | 1505625 |
|  Telephone and Data Systems, Inc. | 30000 | 1171200 |
|  United States Cellular Corp.\* | 30000 | 2187900 |
|  |  | 5069319 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Communication Services** |  | 32523390 |
|  **Consumer Discretionary (17.3%)** |  |  |
|  ***Automobile Components (6.1%)*** |  |  |
|  Dana, Inc. | 115000 | 1830800 |
|  Garrett Motion, Inc. | 20000 | 260800 |
|  Gentex Corp. | 31500 | 832230 |
|  Gentherm, Inc.\* | 6000 | 192240 |
|  Goodyear Tire & Rubber Co. (The)\* | 136000 | 1398080 |
|  Modine Manufacturing Co.\* | 23500 | 3162160 |
|  Strattec Security Corp.\* | 42000 | 2665320 |
|  |  | 10341630 |
|  ***Automobiles (0.1%)*** |  |  |
|  Winnebago Industries, Inc. | 7000 | 208040 |
|  ***Diversified Consumer Services (1.2%)*** |  |  |
|  Graham Holdings Co., Class B | 800 | 763344 |
|  Matthews International Corp., Class A | 55000 | 1291950 |
|  |  | 2055294 |
|  ***Hotels, Restaurants & Leisure (3.5%)*** |  |  |
|  Caesars Entertainment, Inc.\* | 70000 | 1867600 |
|  Churchill Downs, Inc. | 4000 | 428160 |
|  Golden Entertainment, Inc. | 26000 | 731120 |
|  Krispy Kreme, Inc.(x) | 28000 | 101360 |
|  Nathan's Famous, Inc. | 19300 | 1833500 |
|  Ollamani SAB\* | 130000 | 324018 |
|  Wynn Resorts Ltd. | 6800 | 741404 |
|  |  | 6027162 |
|  ***Household Durables (0.8%)*** |  |  |
|  Bassett Furniture Industries, Inc. | 24000 | 379680 |
|  Lennar Corp., Class B | 8700 | 932466 |
|  |  | 1312146 |
|  ***Leisure Products (1.8%)*** |  |  |
|  Brunswick Corp. | 20000 | 1165800 |
|  Johnson Outdoors, Inc., Class A | 48500 | 1610200 |
|  Mattel, Inc.\* | 12900 | 219429 |
|  |  | 2995429 |
|  ***Specialty Retail (3.8%)*** |  |  |
|  Advance Auto Parts, Inc. | 68500 | 3635295 |
|  AutoNation, Inc.\* | 6500 | 1252160 |
|  Lands' End, Inc.(x)\* | 12000 | 140760 |
|  Monro, Inc. | 90000 | 1268550 |
|  Valvoline, Inc.\* | 7500 | 264375 |
|  |  | 6561140 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Discretionary** |  | 29500841 |
|  **Consumer Staples (7.0%)** |  |  |
|  ***Beverages (1.2%)*** |  |  |
|  Boston Beer Co., Inc. (The), Class A\* | 2800 | 579824 |
|  National Beverage Corp.\* | 20000 | 916400 |
|  Remy Cointreau SA(x) | 10000 | 596277 |
|  |  | 2092501 |
|  ***Consumer Staples Distribution & Retail (0.2%)*** |  |  |
|  Ingles Markets, Inc., Class A | 2000 | 125860 |
|  Village Super Market, Inc., Class A | 8400 | 288960 |
|  |  | 414820 |
|  ***Food Products (2.8%)*** |  |  |
|  Bunge Global SA | 3500 | 279160 |
|  Calavo Growers, Inc. | 41000 | 1078300 |
|  Farmer Bros Co.\* | 95000 | 156750 |
|  Hain Celestial Group, Inc. (The)\* | 30000 | 47100 |
|  J M Smucker Co. (The) | 12500 | 1341750 |
|  John B Sanfilippo & Son, Inc. | 7300 | 462163 |
|  Maple Leaf Foods, Inc. | 55000 | 1160653 |
|  McCormick & Co., Inc. (Non- Voting) | 2900 | 205146 |
|  |  | 4731022 |
|  ***Household Products (2.3%)*** |  |  |
|  Energizer Holdings, Inc. | 90000 | 2026800 |
|  Spectrum Brands Holdings, Inc. | 34500 | 1846095 |
|  |  | 3872895 |
|  ***Personal Care Products (0.5%)*** |  |  |
|  Edgewell Personal Care Co. | 34200 | 862866 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Staples** |  | 11974104 |
|  **Energy (0.9%)** |  |  |
|  ***Energy Equipment & Services (0.9%)*** |  |  |
|  Innovex International, Inc.\* | 59500 | 976990 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 GAMCO SMALL/MID CAP VALUE FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br>Shares** | **Value**<br>**(Note 1)** |
|  RPC, Inc. | 104000 | $483600 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** |  | 1460590 |
|  **Financials (2.2%)** |  |  |
|  ***Banks (1.7%)*** |  |  |
|  Cadence Bank | 10000 | 348500 |
|  Flushing Financial Corp. | 27000 | 323730 |
|  SouthState Corp. | 6000 | 565020 |
|  Synovus Financial Corp. | 36000 | 1700640 |
|  |  | 2937890 |
|  ***Capital Markets (0.4%)*** |  |  |
|  Affiliated Managers Group, Inc. | 1000 | 209870 |
|  Janus Henderson Group plc | 10000 | 433000 |
|  |  | 642870 |
|  ***Financial Services (0.1%)*** |  |  |
|  NCR Atleos Corp.\* | 6000 | 183600 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** |  | 3764360 |
|  **Health Care (2.2%)** |  |  |
|  ***Health Care Equipment & Supplies (0.4%)*** |  |  |
|  Align Technology, Inc.\* | 100 | 12901 |
|  Bausch + Lomb Corp.(x)\* | 15000 | 204450 |
|  Dentsply Sirona, Inc. | 7500 | 107325 |
|  QuidelOrtho Corp.\* | 12000 | 276240 |
|  |  | 600916 |
|  ***Health Care Providers & Services (0.6%)*** |  |  |
|  Henry Schein, Inc.\* | 7000 | 473550 |
|  Option Care Health, Inc.\* | 17504 | 513742 |
|  |  | 987292 |
|  ***Health Care Technology (0.2%)*** |  |  |
|  Evolent Health, Inc., Class A\* | 35000 | 351750 |
|  ***Life Sciences Tools & Services (0.0%)†*** |  |  |
|  Bio-Rad Laboratories, Inc., Class A\* | 300 | 72585 |
|  ***Pharmaceuticals (1.0%)*** |  |  |
|  Perrigo Co. plc | 40000 | 1066800 |
|  Teva Pharmaceutical Industries Ltd. (ADR)\* | 40000 | 618000 |
|  |  | 1684800 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Health Care** |  | 3697343 |
|  **Industrials (32.6%)** |  |  |
|  ***Aerospace & Defense (6.1%)*** |  |  |
|  AAR Corp.\* | 21500 | 1606265 |
|  Ducommun, Inc.\* | 4000 | 363920 |
|  Embraer SA (ADR) | 2000 | 115160 |
|  Hexcel Corp. | 14500 | 868695 |
|  Moog, Inc., Class A | 9500 | 1839010 |
|  Moog, Inc., Class B | 12800 | 2496000 |
|  National Presto Industries, Inc. | 2000 | 192900 |
|  Park Aerospace Corp. | 3000 | 54060 |
|  Spirit AeroSystems Holdings, Inc., Class A\* | 12000 | 472800 |
|  Textron, Inc. | 30000 | 2333100 |
|  |  | 10341910 |
|  ***Building Products (2.1%)*** |  |  |
|  AZZ, Inc. | 26800 | 2934600 |
|  Griffon Corp. | 9100 | 739557 |
|  |  | 3674157 |
|  ***Commercial Services & Supplies (0.3%)*** |  |  |
|  OPENLANE, Inc.\* | 20000 | 492800 |
|  ***Construction & Engineering (1.3%)*** |  |  |
|  Arcosa, Inc. | 9200 | 790096 |
|  Everus Construction Group, Inc.\* | 600 | 44556 |
|  Valmont Industries, Inc. | 3600 | 1310220 |
|  |  | 2144872 |
|  ***Machinery (20.3%)*** |  |  |
|  Astec Industries, Inc. | 64400 | 2554104 |
|  CNH Industrial NV | 31000 | 401760 |
|  Commercial Vehicle Group, Inc.\* | 78500 | 132665 |
|  Crane Co. | 18000 | 3523860 |
|  Donaldson Co., Inc. | 1000 | 71970 |
|  Eastern Co. (The) | 27000 | 622350 |
|  Enerpac Tool Group Corp., Class A | 22000 | 847220 |
|  Enpro, Inc. | 5800 | 1231978 |
|  Flowserve Corp. | 45000 | 2521800 |
|  Gorman-Rupp Co. (The) | 15000 | 617400 |
|  Graco, Inc. | 2500 | 209950 |
|  Hyster-Yale, Inc. | 35600 | 1495556 |
|  Ingersoll Rand, Inc. | 15200 | 1286376 |
|  ITT, Inc. | 12000 | 2039520 |
|  Iveco Group NV | 165000 | 3418550 |
|  Kennametal, Inc. | 19000 | 470440 |
|  L B Foster Co., Class A\* | 42000 | 987000 |
|  Manitowoc Co., Inc. (The)\* | 24000 | 306000 |
|  Mueller Industries, Inc. | 50200 | 4285574 |
|  Mueller Water Products, Inc., Class A | 13700 | 339212 |
|  Park-Ohio Holdings Corp. | 72000 | 1180800 |
|  Snap-on, Inc. | 1300 | 417547 |
|  Tennant Co. | 9300 | 767622 |
|  Terex Corp. | 13000 | 661180 |
|  Timken Co. (The) | 1000 | 76090 |
|  Toro Co. (The) | 7500 | 556875 |
|  Trinity Industries, Inc. | 65400 | 1523820 |
|  Twin Disc, Inc. | 113000 | 977450 |
|  Watts Water Technologies, Inc., Class A | 4500 | 1180440 |
|  |  | 34705109 |
|  ***Trading Companies & Distributors (2.5%)*** |  |  |
|  Ashtead Group plc | 2300 | 154244 |
|  GATX Corp. | 12900 | 1969701 |
|  Herc Holdings, Inc. | 18000 | 2102580 |
|  MSC Industrial Direct Co., Inc., Class A | 1000 | 86620 |
|  |  | 4313145 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Industrials** |  | 55671993 |
|  **Information Technology (2.3%)** |  |  |
|  ***Communications Equipment (0.1%)*** |  |  |
|  Viasat, Inc.\* | 14000 | 230020 |
|  ***Electronic Equipment, Instruments & Components (0.6%)*** |  |  |
|  Crane NXT Co. | 500 | 29670 |
|  Landis+Gyr Group AG | 9500 | 782456 |
|  Mirion Technologies, Inc., Class A\* | 5000 | 111750 |
|  |  | 923876 |
|  ***IT Services (1.4%)*** |  |  |
|  Kyndryl Holdings, Inc.\* | 62000 | 2341740 |
|  ***Software (0.2%)*** |  |  |
|  A10 Networks, Inc. | 12000 | 221040 |
|  NCR Voyix Corp.\* | 10000 | 136200 |
|  |  | 357240 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Information Technology** |  | 3852876 |
|  **Materials (6.8%)** |  |  |
|  ***Chemicals (4.1%)*** |  |  |
|  Axalta Coating Systems Ltd.\* | 22000 | 623040 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 GAMCO SMALL/MID CAP VALUE FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br>Shares** | **Value**<br>**(Note 1)** |
|  Core Molding Technologies, Inc.\* | 66000 | $1098240 |
|  Element Solutions, Inc. | 65900 | 1555240 |
|  HB Fuller Co. | 10000 | 562000 |
|  Huntsman Corp. | 30000 | 291000 |
|  Olin Corp. | 10000 | 189400 |
|  Scotts Miracle-Gro Co. (The) | 44000 | 2757040 |
|  |  | 7075960 |
|  ***Construction Materials (0.0%)†*** |  |  |
|  Knife River Corp.\* | 600 | 49488 |
|  ***Containers & Packaging (1.4%)*** |  |  |
|  Ardagh Metal Packaging SA | 60000 | 237600 |
|  Greif, Inc., Class A | 19000 | 1205170 |
|  Myers Industries, Inc. | 60000 | 879000 |
|  |  | 2321770 |
|  ***Metals & Mining (1.3%)*** |  |  |
|  Ampco-Pittsburgh Corp.\* | 90000 | 290700 |
|  Freeport-McMoRan, Inc. | 20000 | 804800 |
|  Tredegar Corp.\* | 130000 | 1132300 |
|  |  | 2227800 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Materials** | &nbsp;&nbsp;&nbsp;&nbsp; **Total Materials** | 11675018 |
|  **Real Estate (0.7%)** |  |  |
|  ***Hotel & Resort REITs (0.3%)*** |  |  |
|  Ryman Hospitality Properties, Inc. (REIT) | 5000 | 475300 |
|  ***Real Estate Management & Development (0.3%)*** |  |  |
|  Seritage Growth Properties, Class A\* | 13500 | 43065 |
|  St Joe Co. (The) | 10000 | 505000 |
|  |  | 548065 |
|  ***Specialized REITs (0.1%)*** |  |  |
|  Millrose Properties, Inc. (REIT) | 4350 | 130457 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Real Estate** |  | 1153822 |
|  **Utilities (5.2%)** |  |  |
|  ***Electric Utilities (0.3%)*** |  |  |
|  ALLETE, Inc. | 8700 | 573591 |
|  ***Gas Utilities (3.2%)*** |  |  |
|  MDU Resources Group, Inc. | 2400 | 41400 |
|  National Fuel Gas Co. | 42000 | 3645180 |
|  Southwest Gas Holdings, Inc. | 23500 | 1836290 |
|  |  | 5522870 |
|  ***Independent Power and Renewable Electricity Producers (0.6%)*** |  |  |
|  AES Corp. (The) | 54000 | 710100 |
|  XPLR Infrastructure LP | 22000 | 209660 |
|  |  | 919760 |
|  ***Multi-Utilities (1.1%)*** |  |  |
|  Algonquin Power & Utilities Corp. | 323000 | 1905700 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Utilities** |  | 8921921 |
|  **Total Common Stocks (96.2%)**<br>(Cost $129,656,026) |  | 164196258 |
|  | **Number of<br>Rights** |  |
|  RIGHTS: |  |  |
|  **Industrials (0.0%)†** |  |  |
|  ***Electrical Equipment (0.0%)†*** |  |  |
|  Pineapple Energy, Inc., CVR(r)\* (Cost $—) | 6250 | 4945 |
|  | **Number of<br>Warrants** |  |
|  WARRANTS: |  |  |
|  **Materials (0.0%)** |  |  |
|  ***Metals & Mining (0.0%)*** |  |  |
|  Ampco-Pittsburgh Corp., expiring 8/1/25(r)\* (Cost $—) | 30000 |  |
|  | **Number of<br>Shares** |  |
|  SHORT-TERM INVESTMENTS: |  |  |
|  **Investment Companies (3.8%)** |  |  |
|  Invesco Government & Agency Portfolio, Institutional Shares 4.25% (7 day yield) (xx) | 573930 | 573930 |
|  JPMorgan Prime Money Market Fund, IM Shares 4.46% (7 day yield) | 5994146 | 5994745 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Investment Companies** |  | 6568675 |
|  **Total Short-Term Investments (3.8%)**<br>*(Cost $6,569,208)* |  | 6568675 |
|  **Total Investments in Securities (100.0%)**<br>*(Cost $136,225,234)* |  | 170769878 |
|  **Other Assets Less Liabilities (0.0%)†** |  | (38849) |
|  **Net Assets (100%)** |  | $170731029 |

---

*\** *Non-income producing.* 

*†* *Percent shown is less than 0.05%.* 

*(r)* *Fair value determined using significant unobservable inputs.* 

*(x)* *All or a portion of security is on loan at July 31, 2025.* 

*(xx)* *At July 31, 2025, the Fund had loaned securities with a total value of $1,862,520. This was collateralized by $1,412,478 of various U.S. Government Treasury Securities, ranging from 0.000% – 6.250%, maturing 8/7/25 – 5/15/54 and by cash of $573,930 which was subsequently invested in investment companies.* 

*Glossary:* 

*ADR — American Depositary Receipt* 

*CVR — Contingent Value Right* 

*REIT — Real Estate Investment Trust* 

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 GAMCO SMALL/MID CAP VALUE FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

The following is a summary of the inputs, summarized in three broad levels, used to value the Fund's assets and liabilities carried at fair value as of July 31, 2025:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type** | **Level 1**<br>**Quoted Prices in Active<br>Markets for Identical<br>Securities** | **Level 2**<br>**Significant Other<br>Observable Inputs<br>(including quoted prices<br>for similar securities,<br>interest rates,<br>prepayment speeds,<br>credit risk, etc.)** | **Level 3<br>Significant Unobservable<br>Inputs (including the<br>Fund's own**<br>**assumptions in**<br>**determining the fair<br>value of investments)** | **Total** |
|  **Assets:** |  |  |  |  |
|  **Common Stocks** |  |  |  |  |
|  Communication Services | $31698787 | $824603 | $— | $32523390 |
|  Consumer Discretionary | 29500841 |  |  | 29500841 |
|  Consumer Staples | 11377827 | 596277 |  | 11974104 |
|  Energy | 1460590 |  |  | 1460590 |
|  Financials | 3764360 |  |  | 3764360 |
|  Health Care | 3697343 |  |  | 3697343 |
|  Industrials | 49603199 | 6068794 |  | 55671993 |
|  Information Technology | 3070420 | 782456 |  | 3852876 |
|  Materials | 11675018 |  |  | 11675018 |
|  Real Estate | 1153822 |  |  | 1153822 |
|  Utilities | 8921921 |  |  | 8921921 |
|  **Rights** |  |  |  |  |
|  Industrials |  |  | 4945 | 4945 |
|  **Short-Term Investments** |  |  |  |  |
|  Investment Companies | 6568675 |  |  | 6568675 |
|  **Warrants** |  |  |  |  |
|  Materials |  |  | — (a) | — (a) |
|  **Total Assets** | $**162492803** | $**8272130** | $**4945** | $**170769878** |
|  **Total Liabilities** | $**—** | $**—** | $**—** | $**—** |
|  **Total** | $**162492803** | $**8272130** | $**4945** | $**170769878** |

---

(a) Value is zero.

As of July 31, 2025, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments in securities and derivative instruments, if applicable, for Federal income tax purposes was as follows:

---

| | |
|:---|:---|
|  Aggregate gross unrealized appreciation | $46189717 |
|  Aggregate gross unrealized depreciation | (15162601) |
|  Net unrealized appreciation | $31027116 |
|  Federal income tax cost of investments in securities and derivative instruments, if applicable | $139742762 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 HIGH YIELD BOND FUND

PORTFOLIO OF INVESTMENTS

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** | **Value**<br>**(Note 1)** |
|  LONG-TERM DEBT SECURITIES: |  |  |
|  **Corporate Bonds (95.8%)** |  |  |
|  **Communication Services (9.9%)** |  |  |
|  ***Diversified Telecommunication Services (3.8%)*** |  |  |
|  CCO Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 5/1/26§ | $187000 | $186458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 9/1/29§ | 290000 | 292685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 2/1/32(x)§ | 386000 | 354977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 5/1/32 | 426000 | 386595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 6/1/33(x)§ | 468000 | 415472 |
|  Level 3 Financing, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 4/1/30§ | 188000 | 168730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 6/30/33§ | 416500 | 420499 |
|  Windstream Escrow LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 8/15/28 | 250 | 3 |
|  Windstream Services LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 10/1/31§ | 185000 | 193094 |
|  Zayo Group Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 3/1/27(x)§ | 436000 | 414025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 3/1/28§ | 212000 | 191290 |
|  |  | 3023828 |
|  ***Entertainment (0.2%)*** |  |  |
|  Live Nation Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 5/15/27§ | 186000 | 188092 |
|  ***Media (5.9%)*** |  |  |
|  CSC Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.750%, 1/31/29§ | 400000 | 375000 |
|  Gray Media, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 7/15/29§ | 143000 | 154619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 10/15/30§ | 414000 | 308947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.625%, 7/15/32§ | 158000 | 159417 |
|  McGraw-Hill Education, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 8/1/29§ | 440000 | 447150 |
|  Neptune Bidco US, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.290%, 4/15/29§ | 520000 | 503152 |
|  Nexstar Media, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 7/15/27§ | 224000 | 223384 |
|  Outfront Media Capital LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 8/15/27§ | 362000 | 357772 |
|  Sinclair Television Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 3/1/30§ | 161000 | 133751 |
|  Sirius XM Radio LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 9/1/26§ | 374000 | 365383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 9/1/31(x)§ | 563000 | 496087 |
|  Stagwell Global LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 8/15/29§ | 395000 | 379694 |
|  TEGNA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 3/15/26§ | 137000 | 136657 |
|  Univision Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 7/31/31§ | 444000 | 450807 |
|  VZ Secured Financing BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 1/15/32§ | 270000 | 236701 |
|  |  | 4728521 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Communication Services** |  | 7940441 |
|  **Consumer Discretionary (18.0%)** |  |  |
|  ***Automobile Components (1.4%)*** |  |  |
|  Clarios Global LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 5/15/27§ | 228000 | 229213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 5/15/28§ | 467000 | 476840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 2/15/30§ | 145000 | 148955 |
|  Forvia SE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 6/15/30§ | 250000 | 260150 |
|  |  | 1115158 |
|  ***Broadline Retail (0.7%)*** |  |  |
|  Getty Images, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 3/1/27§ | 604000 | 586351 |
|  ***Distributors (1.6%)*** |  |  |
|  RB Global Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 3/15/28§ | 196000 | 200206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 3/15/31§ | 305000 | 319649 |
|  Resideo Funding, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 7/15/32§ | 239000 | 241589 |
|  Velocity Vehicle Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 6/1/29§ | 135000 | 136350 |
|  Windsor Holdings III LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 6/15/30§ | 336000 | 356355 |
|  |  | 1254149 |
|  ***Diversified Consumer Services (0.9%)*** |  |  |
|  Matthews International Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 10/1/27§ | 254000 | 263929 |
|  Service Corp. International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 10/15/32 | 182000 | 182417 |
|  Wand NewCo 3, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 1/30/32§ | 283000 | 297634 |
|  |  | 743980 |
|  ***Hotels, Restaurants & Leisure (9.4%)*** |  |  |
|  1011778 BC ULC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 1/15/28§ | 261000 | 251865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 9/15/29§ | 276000 | 277885 |
|  Caesars Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 2/15/30§ | 737000 | 757958 |
|  Carnival Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 8/15/29§ | 612000 | 643211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 8/1/32§ | 345000 | 347419 |
|  CEC Entertainment LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 5/1/26§ | 166000 | 165017 |
|  Churchill Downs, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 4/1/30§ | 397000 | 394622 |
|  Flutter Treasury DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 4/29/29§ | 200000 | 205206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 6/4/31§ | 215000 | 216505 |
|  Great Canadian Gaming Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 11/15/29§ | 326000 | 318173 |
|  Hilton Domestic Operating Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 5/1/28§ | 112000 | 111944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 2/15/32§ | 282000 | 254308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 3/15/33§ | 167000 | 168063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 9/15/33§ | 128000 | 128153 |
|  Marriott International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 3/15/35 | 398000 | 398849 |
|  NCL Corp. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 1/15/29§ | 34000 | 35648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 2/1/32§ | 240000 | 245400 |
|  Ontario Gaming GTA LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 8/1/30(x)§ | 361000 | 366000 |
|  Royal Caribbean Cruises Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 7/15/27§ | 286000 | 287315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 2/1/33§ | 522000 | 529447 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 HIGH YIELD BOND FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** | **Value**<br>**(Note 1)** |
|  Sabre GLBL, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.125%, 7/15/30§ | $168000 | $177058 |
|  Scientific Games Holdings LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 3/1/30§ | 269000 | 259203 |
|  Six Flags Entertainment Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 5/1/32§ | 314000 | 319759 |
|  Station Casinos LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 2/15/28§ | 188000 | 183946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 12/1/31(x)§ | 150000 | 139778 |
|  Voyager Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 7/1/32§ | 176000 | 186173 |
|  Wyndham Hotels & Resorts, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 8/15/28§ | 203000 | 196327 |
|  |  | 7565232 |
|  ***Household Durables (0.8%)*** |  |  |
|  Newell Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 6/1/28§ | 189000 | 198214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 5/15/32 | 281000 | 268706 |
|  Whirlpool Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 6/15/33 | 156000 | 153660 |
|  |  | 620580 |
|  ***Specialty Retail (1.8%)*** |  |  |
|  Cougar JV Subsidiary LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 5/15/32§ | 105000 | 111192 |
|  eG Global Finance plc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.000%, 11/30/28§ | 400000 | 441500 |
|  Global Auto Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 1/15/29§ | 200000 | 185562 |
|  LBM Acquisition LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 1/15/29§ | 256000 | 223959 |
|  LCM Investments Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 5/1/29§ | 218000 | 211329 |
|  White Cap Buyer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 10/15/28§ | 271000 | 270323 |
|  |  | 1443865 |
|  ***Textiles, Apparel & Luxury Goods (1.4%)*** |  |  |
|  Champ Acquisition Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 12/1/31§ | 222000 | 234849 |
|  Crocs, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 8/15/31(x)§ | 192000 | 173345 |
|  Hanesbrands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 2/15/31§ | 326000 | 343112 |
|  S&S Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 10/1/31§ | 402000 | 384915 |
|  |  | 1136221 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Discretionary** |  | 14465536 |
|  **Consumer Staples (5.0%)** |  |  |
|  ***Beverages (0.3%)*** |  |  |
|  Primo Water Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 4/30/29(x)§ | 222000 | 213675 |
|  ***Consumer Staples Distribution & Retail (0.6%)*** |  |  |
|  Performance Food Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 9/15/32§ | 143000 | 145332 |
|  US Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 6/1/30§ | 176000 | 169647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 1/15/32(x)§ | 185000 | 192757 |
|  |  | 507736 |
|  ***Food Products (3.2%)*** |  |  |
|  Darling Ingredients, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 6/15/30§ | 366000 | 368335 |
|  Fiesta Purchaser, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 3/1/31§ | 153000 | 161329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.625%, 9/15/32§ | 265000 | 280648 |
|  Froneri Lux FinCo. Sarl |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 8/1/32§ | 664000 | 661351 |
|  Post Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/15/29§ | 74000 | 73352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 2/15/32§ | 131000 | 132965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/15/34(x)§ | 207000 | 207259 |
|  Simmons Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 3/1/29§ | 158000 | 149261 |
|  Viking Baked Goods Acquisition Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 11/1/31§ | 533000 | 522644 |
|  |  | 2557144 |
|  ***Household Products (0.3%)*** |  |  |
|  Energizer Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 6/15/28§ | 272000 | 263914 |
|  ***Personal Care Products (0.6%)*** |  |  |
|  Herbalife Nutrition Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 9/1/25§ | 56000 | 55990 |
|  Opal Bidco SAS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 3/31/32§ | 200000 | 201500 |
|  Prestige Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 4/1/31§ | 212000 | 193820 |
|  |  | 451310 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Staples** |  | 3993779 |
|  **Energy (8.5%)** |  |  |
|  ***Energy Equipment & Services (0.9%)*** |  |  |
|  Aris Water Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 4/1/30§ | 384000 | 392640 |
|  Transocean, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 2/15/30§ | 185600 | 191873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 5/15/31§ | 156000 | 143258 |
|  |  | 727771 |
|  ***Oil, Gas & Consumable Fuels (7.6%)*** |  |  |
|  Antero Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 2/1/29(x)§ | 120000 | 122496 |
|  Ascent Resources Utica Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 10/15/32§ | 158000 | 160173 |
|  Blue Racer Midstream LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 7/15/26§ | 230000 | 230094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 7/15/32§ | 193000 | 203592 |
|  Chord Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 3/15/33§ | 319000 | 324583 |
|  Crescent Energy Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 4/1/32§ | 452000 | 440293 |
|  Delek Logistics Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 3/15/29§ | 412000 | 427096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 6/30/33§ | 157000 | 155351 |
|  Encino Acquisition Partners Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 5/1/28§ | 205000 | 209325 |
|  Genesis Energy LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 2/1/28 | 382000 | 385350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 5/15/32 | 475000 | 489844 |
|  Kinder Morgan, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 2/1/33 | 284000 | 279552 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 HIGH YIELD BOND FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** | **Value**<br>**(Note 1)** |
|  Kinetik Holdings LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 6/15/30§ | $479000 | $477803 |
|  NGL Energy Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 2/15/32(x)§ | 547000 | 535376 |
|  NuStar Logistics LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 6/1/26 | 175000 | 175613 |
|  Permian Resources Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 7/1/29§ | 151000 | 150569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 2/1/33§ | 233000 | 234312 |
|  Summit Midstream Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 10/31/29§ | 656000 | 667480 |
|  Sunoco LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 5/1/32§ | 204000 | 213039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 7/1/33§ | 227000 | 229926 |
|  |  | 6111867 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** |  | 6839638 |
|  **Financials (6.4%)** |  |  |
|  ***Capital Markets (0.9%)*** |  |  |
|  Aretec Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 8/15/30§ | 150000 | 163560 |
|  MSCI, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 8/15/33§ | 554000 | 484479 |
|  Osaic Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 8/1/32§ | 107000 | 108204 |
|  |  | 756243 |
|  ***Consumer Finance (1.1%)*** |  |  |
|  Bread Financial Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 3/15/29(x)§ | 45000 | 48262 |
|  Enova International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.125%, 8/1/29§ | 309000 | 323202 |
|  GGAM Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 2/15/27§ | 199000 | 205123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 6/15/28§ | 260000 | 274077 |
|  |  | 850664 |
|  ***Financial Services (2.2%)*** |  |  |
|  Armor Holdco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 11/15/29§ | 409000 | 392824 |
|  Freedom Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.000%, 10/1/28§ | 186000 | 198206 |
|  Freedom Mortgage Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 2/1/29§ | 232000 | 242403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 4/1/32§ | 166000 | 169527 |
|  Rocket Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 8/1/33§ | 206000 | 209605 |
|  Shift4 Payments LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 8/15/32§ | 564000 | 580744 |
|  |  | 1793309 |
|  ***Insurance (2.0%)*** |  |  |
|  Acrisure LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 2/1/29§ | 453000 | 467713 |
|  Alliant Holdings Intermediate LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 10/15/27(x)§ | 196000 | 196063 |
|  Ardonagh Group Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 2/15/32§ | 200000 | 210256 |
|  BroadStreet Partners, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 4/15/29§ | 222000 | 219942 |
|  HUB International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 6/15/30§ | 304000 | 315780 |
|  Panther Escrow Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 6/1/31§ | 189000 | 195413 |
|  |  | 1605167 |
|  ***Mortgage Real Estate Investment Trusts (REITs) (0.2%)*** |  |  |
|  Starwood Property Trust, Inc. (REIT) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 7/1/30§ | 135000 | 138628 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** |  | 5144011 |
|  **Health Care (6.0%)** |  |  |
|  ***Health Care Equipment & Supplies (1.0%)*** |  |  |
|  Medline Borrower LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 10/1/29§ | 232000 | 227350 |
|  Neogen Food Safety Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 7/20/30§ | 399000 | 402990 |
|  Varex Imaging Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 10/15/27§ | 204000 | 206540 |
|  |  | 836880 |
|  ***Health Care Providers & Services (3.3%)*** |  |  |
|  AdaptHealth LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 3/1/30§ | 229000 | 215317 |
|  HealthEquity, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/1/29§ | 448000 | 431827 |
|  Heartland Dental LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 4/30/28(x)§ | 448000 | 471493 |
|  Star Parent, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 10/1/30§ | 269000 | 282114 |
|  Surgery Center Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 4/15/32§ | 380000 | 390842 |
|  Tenet Healthcare Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 2/1/27 | 334000 | 332854 |
|  US Acute Care Solutions LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 5/15/29§ | 524000 | 535004 |
|  |  | 2659451 |
|  ***Health Care Technology (1.4%)*** |  |  |
|  IQVIA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 5/15/27§ | 260000 | 258066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 5/15/28 | 200000 | 204656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 2/1/29 | 219000 | 228585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 6/1/32§ | 402000 | 412372 |
|  |  | 1103679 |
|  ***Pharmaceuticals (0.3%)*** |  |  |
|  1261229 BC Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 4/15/32§ | 200000 | 203000 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Health Care** |  | 4803010 |
|  **Industrials (16.7%)** |  |  |
|  ***Aerospace & Defense (0.6%)*** |  |  |
|  Goat Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 2/1/32§ | 305000 | 308471 |
|  Rolls-Royce plc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 10/15/27§ | 200000 | 204444 |
|  |  | 512915 |
|  ***Building Products (2.4%)*** |  |  |
|  Advanced Drainage Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 6/15/30§ | 164000 | 166302 |
|  AmeriTex HoldCo Intermediate LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.250%, 10/15/28§ | 473000 | 501569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 8/15/33§ | 223000 | 227233 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 HIGH YIELD BOND FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** | **Value**<br>**(Note 1)** |
|  Camelot Return Merger Sub, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 8/1/28§ | $270000 | $247393 |
|  EMRLD Borrower LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 12/15/30§ | 363000 | 370082 |
|  New Enterprise Stone & Lime Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 7/15/28§ | 158000 | 156488 |
|  Standard Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 7/15/30§ | 274000 | 259722 |
|  |  | 1928789 |
|  ***Commercial Services & Supplies (5.5%)*** |  |  |
|  ACCO Brands Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 3/15/29§ | 152000 | 134707 |
|  ADT Security Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 7/15/32§ | 218000 | 207645 |
|  Allied Universal Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 6/1/29(x)§ | 248000 | 240560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 6/15/30§ | 193000 | 197825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 2/15/31§ | 256000 | 267520 |
|  Aramark Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 2/1/28§ | 268000 | 265666 |
|  Clarivate Science Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 7/1/29§ | 413000 | 386671 |
|  Garda World Security Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 6/1/29(x)§ | 409000 | 400832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 8/1/32§ | 153000 | 157293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 11/15/32§ | 503000 | 516506 |
|  Madison IAQ LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 6/30/29(x)§ | 256000 | 249511 |
|  Raven Acquisition Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 11/15/31§ | 344000 | 346614 |
|  Veritiv Operating Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 11/30/30§ | 409000 | 443037 |
|  Waste Pro USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 2/1/33§ | 147000 | 152607 |
|  Williams Scotsman, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 10/1/31§ | 391000 | 408106 |
|  |  | 4375100 |
|  ***Construction & Engineering (1.7%)*** |  |  |
|  AECOM |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 8/1/33§ | 278000 | 280254 |
|  Arcosa, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 8/15/32§ | 213000 | 219390 |
|  Brand Industrial Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.375%, 8/1/30§ | 260000 | 235950 |
|  Dycom Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 4/15/29§ | 243000 | 234799 |
|  Pike Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 1/31/31§ | 230000 | 247450 |
|  Weekley Homes LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 9/15/28§ | 172000 | 166025 |
|  |  | 1383868 |
|  ***Electrical Equipment (0.2%)*** |  |  |
|  EnerSys |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 1/15/32§ | 164000 | 168515 |
|  ***Ground Transportation (2.1%)*** |  |  |
|  Beacon Mobility Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 8/1/30§ | 95000 | 96752 |
|  EquipmentShare.com, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 5/15/28§ | 200000 | 210514 |
|  Genesee & Wyoming, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 4/15/32§ | 211000 | 213370 |
|  NESCO Holdings II, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 4/15/29§ | 417000 | 405499 |
|  RXO, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 11/15/27§ | 198000 | 202760 |
|  Watco Cos. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 8/1/32§ | 325000 | 336781 |
|  XPO, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 6/1/31§ | 228000 | 236187 |
|  |  | 1701863 |
|  ***Machinery (2.3%)*** |  |  |
|  ATS Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 12/15/28§ | 305000 | 290204 |
|  Chart Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 1/1/30§ | 503000 | 526893 |
|  Enpro, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 6/1/33§ | 155000 | 156838 |
|  Hillenbrand, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 2/15/29 | 241000 | 244314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 3/1/31 | 84000 | 75128 |
|  Husky Injection Molding Systems Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 2/15/29§ | 264000 | 272374 |
|  Terex Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/15/32§ | 241000 | 241603 |
|  |  | 1807354 |
|  ***Professional Services (0.5%)*** |  |  |
|  CACI International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 6/15/33§ | 205000 | 208735 |
|  VT Topco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 8/15/30(x)§ | 212000 | 225687 |
|  |  | 434422 |
|  ***Trading Companies & Distributors (1.4%)*** |  |  |
|  QXO Building Products, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 4/30/32§ | 169000 | 174070 |
|  United Rentals North America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/15/29§ | 252000 | 256271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 3/15/34§ | 166000 | 169735 |
|  WESCO Distribution, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 6/15/28(x)§ | 141000 | 142875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 3/15/32(x)§ | 182000 | 187790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 3/15/33§ | 199000 | 203726 |
|  |  | 1134467 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Industrials** |  | 13447293 |
|  **Information Technology (11.0%)** |  |  |
|  ***Communications Equipment (0.5%)*** |  |  |
|  CommScope LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 3/1/27§ | 206000 | 205798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 9/1/29(x)§ | 214000 | 207805 |
|  |  | 413603 |
|  ***Electronic Equipment, Instruments & Components (0.2%)*** |  |  |
|  Zebra Technologies Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 6/1/32§ | 162000 | 165451 |
|  ***IT Services (1.7%)*** |  |  |
|  Ahead DB Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 5/1/28§ | 414000 | 414832 |
|  Fortress Intermediate 3, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 6/1/31§ | 193000 | 202650 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 HIGH YIELD BOND FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** | **Value**<br>**(Note 1)** |
|  ION Trading Technologies Sarl |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 5/15/28(x)§ | $400000 | $386392 |
|  Unisys Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.625%, 1/15/31§ | 384000 | 403123 |
|  |  | 1406997 |
|  ***Software (8.0%)*** |  |  |
|  AthenaHealth Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 2/15/30§ | 512000 | 501514 |
|  Camelot Finance SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/1/26§ | 66000 | 65025 |
|  Capstone Borrower, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 6/15/30§ | 448000 | 465956 |
|  Central Parent, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 6/15/29§ | 164000 | 135402 |
|  Cloud Software Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 3/31/29§ | 163000 | 164223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 9/30/29§ | 670000 | 689832 |
|  Ellucian Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/1/29§ | 180000 | 182466 |
|  Gen Digital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 9/30/30§ | 251000 | 259491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 4/1/33§ | 281000 | 286620 |
|  Helios Software Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 5/1/28§ | 200000 | 188532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 5/1/29§ | 200000 | 203876 |
|  McAfee Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 2/15/30§ | 584000 | 539692 |
|  NCR Voyix Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/1/28§ | 225000 | 221294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 4/15/29§ | 101000 | 98870 |
|  Open Text Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.900%, 12/1/27§ | 258000 | 266364 |
|  Open Text Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 12/1/31§ | 334000 | 302918 |
|  Rocket Software, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 11/28/28§ | 176000 | 181291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 2/15/29§ | 234000 | 227415 |
|  SS&C Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 9/30/27§ | 306000 | 306184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 6/1/32§ | 242000 | 248001 |
|  UKG, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 2/1/31§ | 234000 | 240143 |
|  ZoomInfo Technologies LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 2/1/29§ | 698000 | 656546 |
|  |  | 6431655 |
|  ***Technology Hardware, Storage & Peripherals (0.6%)*** |  |  |
|  Dell International LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, 2/1/35 | 472000 | 456343 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Information Technology** |  | 8874049 |
|  **Materials (12.6%)** |  |  |
|  ***Chemicals (6.2%)*** |  |  |
|  Avient Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 8/1/30§ | 248000 | 254646 |
|  Axalta Coating Systems LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 6/15/27§ | 178000 | 176220 |
|  Celanese US Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 4/15/33(x) | 450000 | 453667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.200%, 11/15/33(e) | 76000 | 79102 |
|  HB Fuller Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 10/15/28(x) | 226000 | 217681 |
|  Illuminate Buyer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 7/1/28§ | 722000 | 723480 |
|  INEOS Quattro Finance 2 plc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.625%, 3/15/29(x)§ | 400000 | 405712 |
|  Maxam Prill Sarl |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 7/15/30(x)§ | 200000 | 195000 |
|  Minerals Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 7/1/28§ | 508000 | 498475 |
|  NOVA Chemicals Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 11/15/28§ | 375000 | 393836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 2/15/30§ | 100000 | 107469 |
|  Nufarm Australia Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 1/27/30(x)§ | 360000 | 332417 |
|  Olympus Water US Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/1/29(x)§ | 200000 | 191568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 6/15/31§ | 354000 | 360985 |
|  WR Grace Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 8/15/29§ | 684000 | 631209 |
|  |  | 5021467 |
|  ***Containers & Packaging (5.6%)*** |  |  |
|  Ardagh Metal Packaging Finance USA LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 9/1/29§ | 400000 | 362980 |
|  Clydesdale Acquisition Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 4/15/30§ | 579000 | 592566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 4/15/32§ | 166000 | 169239 |
|  Graphic Packaging International LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 7/15/32§ | 156000 | 157819 |
|  LABL, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 11/1/28§ | 464000 | 407731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 10/1/31§ | 270000 | 223565 |
|  Mauser Packaging Solutions Holding Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 4/15/27§ | 285000 | 286907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 4/15/27§ | 750000 | 742297 |
|  Owens-Brockway Glass Container, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 5/13/27§ | 270000 | 270238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 5/15/31§ | 250000 | 252850 |
|  Sealed Air Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 2/1/28§ | 153000 | 154530 |
|  Toucan FinCo Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 5/15/30§ | 322000 | 329532 |
|  Trivium Packaging Finance BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 7/15/30(x)§ | 308000 | 324114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.250%, 1/15/31§ | 200000 | 209752 |
|  |  | 4484120 |
|  ***Metals & Mining (0.4%)*** |  |  |
|  Kaiser Aluminum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 6/1/31(x)§ | 212000 | 196977 |
|  Novelis Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 1/30/30(x)§ | 118000 | 121605 |
|  |  | 318582 |
|  ***Paper & Forest Products (0.4%)*** |  |  |
|  Magnera Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 11/15/31§ | 344000 | 324378 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Materials** |  | 10148547 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 HIGH YIELD BOND FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
|  | **Principal**<br>**Amount** | **Principal**<br>**Amount** | **Value**<br>**(Note 1)** |
|  **Real Estate (1.7%)** |  |  |  |
|  ***Diversified REITs (0.2%)*** |  |  |  |
|  VICI Properties LP (REIT) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 12/1/26§ | $| 204000 | $202351 |
|  ***Hotel & Resort REITs (0.5%)*** |  |  |  |
|  Park Intermediate Holdings LLC (REIT) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 10/1/28§ |  | 204000 | 203405 |
|  Pebblebrook Hotel LP (REIT) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 10/15/29§ |  | 198000 | 197877 |
|  |  |  | 401282 |
|  ***Real Estate Management & Development (0.6%)*** |  |  |  |
|  Cushman & Wakefield US Borrower LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 5/15/28§ |  | 280000 | 282727 |
|  Greystar Real Estate Partners LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 9/1/30§ |  | 202000 | 213326 |
|  |  |  | 496053 |
|  ***Specialized REITs (0.4%)*** |  |  |  |
|  Iron Mountain, Inc. (REIT) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 7/15/28§ |  | 300000 | 296118 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Real Estate** |  |  | 1395804 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Corporate Bonds** |  |  | 77052108 |
|  **Total Long-Term Debt Securities (95.8%)**<br> *(Cost $76,184,201)* |  |  | 77052108 |
|  | **Number of**<br>**Shares** | **Number of**<br>**Shares** |  |
|  SHORT-TERM INVESTMENTS: |  |  |  |
|  **Investment Companies (9.4%)** |  |  |  |
|  BlackRock Liquidity FedFund, Institutional Shares 4.21% (7 day yield)(xx) |  | 900000 | 900000 |
|  Dreyfus Treasury Obligations Cash Management Fund 4.19% (7 day yield)(xx) |  | 900000 | 900000 |
|  Invesco Government & Agency Portfolio, Institutional Shares 4.25% (7 day yield)(xx) |  | 3452015 | 3452015 |
|  JPMorgan Prime Money Market Fund, IM Shares 4.46% (7 day yield) |  | 2277865 | 2278093 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Investment Companies** |  |  | 7530108 |
|  **Total Short-Term Investments (9.4%)**<br> *(Cost $7,530,336)* |  |  | 7530108 |
|  **Total Investments in Securities (105.2%)**<br> *(Cost $83,714,537)* |  |  | 84582216 |
|  **Other Assets Less Liabilities (-5.2%)** | **Other Assets Less Liabilities (-5.2%)** | **Other Assets Less Liabilities (-5.2%)** | (4189831) |
|  **Net Assets (100%)** |  |  | $80392385 |

---

---

| | |
|:---|:---|
| *§* | *Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At July 31, 2025, the market value of these securities amounted to $72,039,189 or 89.6% of net assets.*  |

---

*(e)* *Step Bond - Coupon rate increases or decreases in increments to maturity. Rate disclosed is as of July 31, 2025. Maturity date disclosed is the ultimate maturity date.* 

*(x)* *All or a portion of security is on loan at July 31, 2025.* 

*(xx)* *At July 31, 2025, the Fund had loaned securities with a total value of $5,133,491. This was collateralized by cash of $5,252,015 which was subsequently invested in investment companies.* 

*Glossary:* 

*REIT — Real Estate Investment Trust* 

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 HIGH YIELD BOND FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

The following is a summary of the inputs, summarized in three broad levels, used to value the Fund's assets and liabilities carried at fair value as of July 31, 2025:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type** | **Level 1<br>Quoted Prices in Active<br>Markets for Identical<br>Securities** | **Level 2**<br>**Significant Other**<br>**Observable Inputs**<br>**(including quoted prices**<br>**for similar securities,**<br>**interest rates,**<br>**prepayment speeds,**<br>**credit risk, etc.)** | **Level 3**<br>**Significant Unobservable**<br>**Inputs (including the**<br>**Fund's own**<br>**assumptions in<br>determining the fair**<br>**value of investments)** | **Total** |
|  **Assets:** |  |  |  |  |
|  **Corporate Bonds** |  |  |  |  |
|  Communication Services | $— | $7940441 | $— | $7940441 |
|  Consumer Discretionary |  | 14465536 |  | 14465536 |
|  Consumer Staples |  | 3993779 |  | 3993779 |
|  Energy |  | 6839638 |  | 6839638 |
|  Financials |  | 5144011 |  | 5144011 |
|  Health Care |  | 4803010 |  | 4803010 |
|  Industrials |  | 13447293 |  | 13447293 |
|  Information Technology |  | 8874049 |  | 8874049 |
|  Materials |  | 10148547 |  | 10148547 |
|  Real Estate |  | 1395804 |  | 1395804 |
|  **Short-Term Investments** |  |  |  |  |
|  Investment Companies | 7530108 |  |  | 7530108 |
|  **Total Assets** | $**7530108** | $**77052108** | $**—** | $**84582216** |
|  **Total** | $**7530108** | $**77052108** | $**—** | $**84582216** |

---

As of July 31, 2025, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments in securities and derivative instruments, if applicable, for Federal income tax purposes was as follows:

---

| | |
|:---|:---|
|  Aggregate gross unrealized appreciation | $1553777 |
|  Aggregate gross unrealized depreciation | (1291512) |
|  Net unrealized appreciation | $262265 |
|  Federal income tax cost of investments in securities and derivative instruments, if applicable | $84319951 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 LOOMIS SAYLES MULTI-ASSET INCOME FUND

PORTFOLIO OF INVESTMENTS

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br>Amount** | **Value**<br>**(Note 1)** |
|  LONG-TERM DEBT SECURITIES: |  |  |
|  **Asset-Backed Securities (2.0%)** |  |  |
|  Battalion CLO XVI Ltd., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-16A BR2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.075%, 1/20/38(l)§ | $390000 | $390635 |
|  Magnetite XXVII Ltd., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-27A AR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.727%, 10/20/34(l)§ | 335000 | 335742 |
|  OHA Credit Funding 8 Ltd., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-8A CR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.075%, 1/20/38(l)§ | 320000 | 320825 |
|  RFS Asset Securitization V LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1 B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.195%, 5/15/32§ | 295000 | 295843 |
|  Sound Point CLO XXVII Ltd., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-2A AR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.760%, 10/25/34(l)§ | 340000 | 340285 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Asset- Backed Securities** |  | 1683330 |
|  **Convertible Bond (0.1%)** |  |  |
|  **Industrials (0.1%)** |  |  |
|  ***Electrical Equipment (0.1%)*** |  |  |
|  Stem, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.500%, 12/1/28§ | 245000 | 53802 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Industrials** |  | 53802 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Convertible Bond** |  | 53802 |
|  **Corporate Bonds (41.7%)** |  |  |
|  **Communication Services (4.1%)** |  |  |
|  ***Diversified Telecommunication Services (0.7%)*** |  |  |
|  Frontier Communications Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 5/1/29§ | 269000 | 270463 |
|  Level 3 Financing, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 6/15/29§ | 200864 | 188611 |
|  Telecom Italia Capital SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.200%, 7/18/36 | 16000 | 16774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.721%, 6/4/38 | 103000 | 110825 |
|  |  | 586673 |
|  ***Entertainment (0.7%)*** |  |  |
|  Live Nation Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 1/15/28§ | 216000 | 209887 |
|  ROBLOX Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 5/1/30§ | 195000 | 182569 |
|  Warnermedia Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.755%, 3/15/27 | 18000 | 17622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.279%, 3/15/32 | 190000 | 160075 |
|  |  | 570153 |
|  ***Interactive Media & Services (0.5%)*** |  |  |
|  Alphabet, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 5/15/55 | 425000 | 415815 |
|  ***Media (1.6%)*** |  |  |
|  Comcast Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 5/15/32 | 385000 | 389754 |
|  Directv Financing LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 2/1/30§ | 110000 | 107250 |
|  Discovery Communications LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, 3/20/28 | 18000 | 17302 |
|  DISH Network Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.750%, 11/15/27§ | 183000 | 190459 |
|  Dotdash Meredith, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 6/15/32§ | 91000 | 88582 |
|  EchoStar Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.750%, 11/30/29 | 109438 | 115047 |
|  iHeartCommunications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 8/15/30§ | 96103 | 74649 |
|  Scripps Escrow II, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 1/15/29(x)§ | 103000 | 91412 |
|  TEGNA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 9/15/29 | 147000 | 140753 |
|  Univision Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 7/31/31§ | 68000 | 69042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.375%, 8/1/32§ | 90000 | 93402 |
|  |  | 1377652 |
|  ***Wireless Telecommunication Services (0.6%)*** |  |  |
|  Hughes Satellite Systems Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 8/1/26 | 19000 | 17393 |
|  Millicom International Cellular SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 4/27/31(m) | 245000 | 225125 |
|  T-Mobile USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 4/15/34 | 155000 | 156073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, 1/15/35 | 170000 | 164351 |
|  |  | 562942 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Communication Services** |  | 3513235 |
|  **Consumer Discretionary (4.2%)** |  |  |
|  ***Automobile Components (0.4%)*** |  |  |
|  Garrett Motion Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 5/31/32§ | 80000 | 82919 |
|  Magna International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 6/1/35 | 70000 | 71787 |
|  Patrick Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 5/1/29§ | 198000 | 191173 |
|  |  | 345879 |
|  ***Automobiles (0.5%)*** |  |  |
|  Nissan Motor Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 7/17/30§ | 200000 | 206600 |
|  Stellantis Finance US, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.450%, 3/18/35§ | 200000 | 199814 |
|  |  | 406414 |
|  ***Broadline Retail (0.7%)*** |  |  |
|  Nordstrom, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 3/15/27 | 139000 | 135683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 1/15/44 | 71000 | 47871 |
|  Rakuten Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 4/15/29§ | 200000 | 219696 |
|  SGUS LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.000%, 12/15/29§ | 19909 | 18914 |
|  Wayfair LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 9/15/30§ | 149000 | 153193 |
|  |  | 575357 |
|  ***Distributors (0.2%)*** |  |  |
|  RB Global Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 3/15/28§ | 179000 | 182841 |
|  ***Diversified Consumer Services (0.2%)*** |  |  |
|  Adtalem Global Education, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 3/1/28§ | 173000 | 170881 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 LOOMIS SAYLES MULTI-ASSET INCOME FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br>Amount** | **Value**<br>**(Note 1)** |
|  StoneMor, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 5/15/29§ | $44000 | $41722 |
|  |  | 212603 |
|  ***Hotels, Restaurants & Leisure (1.3%)*** |  |  |
|  Brinker International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 7/15/30§ | 81000 | 85961 |
|  Carnival Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 6/15/31§ | 245000 | 248675 |
|  Hilton Domestic Operating Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 4/1/29§ | 246000 | 249525 |
|  Hilton Grand Vacations Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 7/1/31§ | 152000 | 138995 |
|  Hyatt Hotels Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 3/30/32 | 70000 | 71830 |
|  Life Time, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/15/31§ | 30000 | 30105 |
|  Sabre GLBL, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.125%, 7/15/30§ | 105000 | 110661 |
|  VOC Escrow Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 2/15/28§ | 208000 | 205523 |
|  |  | 1141275 |
|  ***Household Durables (0.6%)*** |  |  |
|  Somnigroup International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 4/15/29§ | 199000 | 189050 |
|  Taylor Morrison Communities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 6/15/27§ | 178000 | 179449 |
|  Toll Brothers Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 6/15/35 | 130000 | 130591 |
|  |  | 499090 |
|  ***Leisure Products (0.1%)*** |  |  |
|  Amer Sports Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 2/16/31§ | 45000 | 46762 |
|  ***Specialty Retail (0.2%)*** |  |  |
|  Advance Auto Parts, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 8/1/30§ | 30000 | 30156 |
|  Michaels Cos., Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 5/1/28§ | 115000 | 91722 |
|  Saks Global Enterprises LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.000%, 12/15/29§ | 73000 | 16644 |
|  |  | 138522 |
|  ***Textiles, Apparel & Luxury Goods (0.0%)†*** |  |  |
|  Under Armour, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 7/15/30§ | 15000 | 15300 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Discretionary** |  | 3564043 |
|  **Consumer Staples (0.3%)** |  |  |
|  ***Food Products (0.1%)*** |  |  |
|  JBS USA LUX Sarl |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 4/20/35§ | 75000 | 77349 |
|  ***Personal Care Products (0.2%)*** |  |  |
|  L'Oreal SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 5/20/35§ | 215000 | 216979 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Staples** |  | 294328 |
|  **Energy (3.1%)** |  |  |
|  ***Energy Equipment & Services (0.0%)†*** |  |  |
|  USA Compression Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 3/15/29§ | 16000 | 16349 |
|  ***Oil, Gas & Consumable Fuels (3.1%)*** |  |  |
|  CVR Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 1/15/29§ | 102000 | 99620 |
|  DT Midstream, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 6/15/31§ | 58000 | 55129 |
|  Energy Transfer LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 4/1/35 | 120000 | 121519 |
|  Excelerate Energy LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 5/15/30§ | 175000 | 183313 |
|  Exxon Mobil Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.095%, 8/16/49 | 225000 | 148736 |
|  Florida Gas Transmission Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 7/15/35§ | 100000 | 101563 |
|  Genesis Energy LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 5/15/33 | 120000 | 124351 |
|  Gulfport Energy Operating Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 9/1/29§ | 167000 | 169557 |
|  Hess Midstream Operations LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 3/1/28§ | 192000 | 195241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 2/15/30§ | 300000 | 289500 |
|  NGL Energy Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 2/15/29§ | 137000 | 135457 |
|  PBF Holding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 2/15/28 | 171000 | 164587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.875%, 3/15/30§ | 43000 | 42624 |
|  Raizen Fuels Finance SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.700%, 2/25/37§ | 375000 | 364800 |
|  Saudi Arabian Oil Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 7/17/54§ | 275000 | 257980 |
|  TGNR Intermediate Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/15/29§ | 99000 | 96348 |
|  TransMontaigne Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 6/15/30§ | 43000 | 44801 |
|  W&T Offshore, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.750%, 2/1/29§ | 58000 | 52855 |
|  Western Midstream Operating LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, 4/1/33 | 20000 | 20822 |
|  |  | 2668803 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** |  | 2685152 |
|  **Financials (15.2%)** |  |  |
|  ***Banks (6.6%)*** |  |  |
|  Banco Bilbao Vizcaya Argentaria SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.381%, 3/13/29 | 200000 | 205219 |
| &nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.25%), 7.750%, 1/14/32(k)(y) | 400000 | 412500 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 LOOMIS SAYLES MULTI-ASSET INCOME FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br>Amount** | **Value<br>(Note 1)** |
|  Banco Santander SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.91%), 8.000%, 2/1/34(k)(y) | $200000 | $213500 |
|  Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.91%), 5.425%, 8/15/35(k) | 350000 | 350652 |
|  Barclays plc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 3.57%), 7.119%, 6/27/34(k)(x) | 265000 | 290534 |
|  BBVA Mexico SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Institucion De Banca Multiple Grupo Financiero BBVA Mexico (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.38%), 7.625%, 2/11/35(k)§ | 200000 | 205750 |
|  BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.94%), 4.500%, 2/25/30(k)(y)§ | 315000 | 283500 |
| &nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.88%), 5.738%, 2/20/35(k)§ | 220000 | 227665 |
|  Credit Agricole SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.46%), 5.222%, 5/27/31(k)§ | 250000 | 254067 |
| &nbsp;&nbsp;&nbsp;&nbsp; (ICE IBA - USD SOFR ICE Swap Rate 5 Year + 3.60%), 6.700%, 9/23/34(k)(x)(y)§ | 365000 | 363175 |
|  HSBC Holdings plc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.99%), 7.050%, 6/5/30(k)(y) | 585000 | 595237 |
| &nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 3.02%), 7.399%, 11/13/34(k) | 270000 | 301518 |
|  Intesa Sanpaolo SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 3.90%), 7.778%, 6/20/54(k)§ | 265000 | 302528 |
|  JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.32%), 5.502%, 1/24/36(k) | 90000 | 92080 |
| &nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.68%), 5.572%, 4/22/36(k) | 200000 | 206732 |
| &nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.64%), 5.576%, 7/23/36(k) | 210000 | 212752 |
|  Lloyds Banking Group plc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.60%), 6.068%, 6/13/36(k) | 245000 | 250971 |
|  Morgan Stanley Private |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank NA (SOFR + 1.08%), 4.734%, 7/18/31(k) | 250000 | 251111 |
|  NatWest Group plc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.75%), 8.125%, 11/10/33(k)(y) | 200000 | 218735 |
|  Societe Generale SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 2.95%), 7.132%, 1/19/55(k)§ | 200000 | 206403 |
|  UniCredit SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (USD ICE Swap Rate 5 Year + 4.91%), 7.296%, 4/2/34(k)§ | 240000 | 254100 |
|  |  | 5698729 |
|  ***Capital Markets (5.3%)*** |  |  |
|  Antares Holdings LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.350%, 10/23/29§ | 250000 | 251988 |
|  Aretec Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 4/1/29§ | 86000 | 85785 |
|  Bain Capital Specialty Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 3/15/30 | 90000 | 89387 |
|  BGC Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 12/15/25 | 345000 | 344105 |
|  Blue Owl Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 3/15/29 | 180000 | 180403 |
|  Blue Owl Capital Corp. II |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.450%, 11/15/26 | 70000 | 72464 |
|  Citadel LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 1/23/32§ | 55000 | 57007 |
|  Citadel Securities Global Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, 6/18/35§ | 250000 | 255037 |
|  Deutsche Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 3.65%), 7.079%, 2/10/34(k) | 200000 | 215725 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series USTR (USD SOFR Spread- Adjusted ICE Swap Rate 5 Year + 4.36%), 8.130%, 4/30/30(k)(m)(y) | 200000 | 208750 |
|  Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(The) (SOFR + 1.21%), 5.049%, 7/23/30(k) | 270000 | 274414 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series X (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.81%), 7.500%, 5/10/29(k)(y) | 300000 | 313890 |
|  HPS Corporate Lending |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fund 5.850%, 6/5/30§ | 390000 | 391137 |
|  LPL Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 6/15/30 | 225000 | 227665 |
|  Marex Group plc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.404%, 11/4/29 | 115000 | 117972 |
|  Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.56%), 5.320%, 7/19/35(k) | 160000 | 162027 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 LOOMIS SAYLES MULTI-ASSET INCOME FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br>Amount** | **Value**<br>**(Note 1)** |
|  Oaktree Strategic Credit Fund |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.190%, 7/15/30§ | $135000 | $135844 |
|  Osaic Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 8/1/32§ | 50000 | 50562 |
|  Sixth Street Lending Partners |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 7/15/30§ | 105000 | 106609 |
|  Stonex Escrow Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 7/15/32§ | 18000 | 18322 |
|  UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.76%), 9.250%, 11/13/33(k)(y)§ | 270000 | 316342 |
| &nbsp;&nbsp;&nbsp;&nbsp; (ICE IBA - USD SOFR ICE Swap Rate 5 Year + 3.30%), 7.000%, 2/5/35(k)(y)§ | 535000 | 535000 |
|  VFH Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 6/15/31§ | 92000 | 95383 |
|  |  | 4505818 |
|  ***Consumer Finance (1.3%)*** |  |  |
|  AerCap Ireland Capital DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 9/10/29 | 150000 | 149478 |
|  Enova International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.250%, 12/15/28§ | 93000 | 99087 |
|  EZCORP, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 4/1/32§ | 163000 | 169733 |
|  Global Aircraft Leasing Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 9/1/27§ | 174000 | 179664 |
|  goeasy Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 10/1/30(x)§ | 163000 | 165724 |
|  Navient Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 6/15/32 | 112000 | 116200 |
|  Synchrony Financial |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (United States SOFR Compounded Index + 2.13%), 5.935%, 8/2/30(k) | 65000 | 66705 |
| &nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.68%), 5.450%, 3/6/31(k) | 65000 | 65448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 2/2/33 | 122000 | 128069 |
|  |  | 1140108 |
|  ***Financial Services (0.5%)*** |  |  |
|  Armor Holdco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 11/15/29§ | 34000 | 32655 |
|  Planet Financial Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 12/15/29§ | 92000 | 93695 |
|  Turkiye Sinai Kalkinma Bankasi A/S |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 7/2/30§ | 320000 | 322400 |
|  |  | 448750 |
|  ***Insurance (1.0%)*** |  |  |
|  200 Park Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.740%, 2/15/55§ | 210000 | 205579 |
|  Allianz SE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.23%), 6.350%, 9/6/53(k)§ | 200000 | 209855 |
|  APH Somerset Investor 2 LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 11/1/29§ | 180000 | 185404 |
|  HUB International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 1/31/32§ | 141000 | 146601 |
|  Nassau Cos. of New York (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 7/15/30§ | 25000 | 25281 |
|  USI, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 1/15/32§ | 36000 | 38034 |
|  |  | 810754 |
|  ***Mortgage Real Estate Investment Trusts (REITs) (0.5%)*** |  |  |
|  Apollo Commercial Real Estate Finance, Inc. (REIT) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 6/15/29§ | 104000 | 98786 |
|  Blackstone Mortgage Trust, Inc. (REIT) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 12/1/29§ | 91000 | 96005 |
|  Rithm Capital Corp. (REIT) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 7/15/30§ | 86000 | 87256 |
|  Starwood Property Trust, Inc. (REIT) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 7/1/30§ | 148000 | 151977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/15/30§ | 19000 | 19550 |
|  |  | 453574 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** |  | 13057733 |
|  **Health Care (0.8%)** |  |  |
|  ***Biotechnology (0.1%)*** |  |  |
|  Biogen, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 1/15/31 | 95000 | 96074 |
|  Emergent BioSolutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 8/15/28(x)§ | 52000 | 39910 |
|  |  | 135984 |
|  ***Health Care Providers & Services (0.5%)*** |  |  |
|  Community Health Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.875%, 1/15/32§ | 180000 | 188850 |
|  Encompass Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 4/1/31 | 46000 | 43930 |
|  MPH Acquisition Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 12/31/30§ | 64006 | 52581 |
|  UnitedHealth Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, 6/15/35 | 110000 | 111269 |
|  |  | 396630 |
|  ***Pharmaceuticals (0.2%)*** |  |  |
|  Amneal Pharmaceuticals LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 8/1/32§ | 78000 | 79170 |
|  HLF Financing Sarl LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 6/1/29§ | 102000 | 85508 |
|  |  | 164678 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Health Care** |  | 697292 |
|  **Industrials (4.8%)** |  |  |
|  ***Aerospace & Defense (0.9%)*** |  |  |
|  Axon Enterprise, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 3/15/30§ | 175000 | 178500 |
|  Boeing Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.388%, 5/1/31 | 25000 | 26877 |
|  Bombardier, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.450%, 5/1/34§ | 100000 | 108375 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 LOOMIS SAYLES MULTI-ASSET INCOME FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br>Amount** | **Value**<br>**(Note 1)** |
|  General Dynamics Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 8/15/35 | $55000 | $55052 |
|  Moog, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 12/15/27§ | 184000 | 180061 |
|  Spirit AeroSystems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, 6/15/26 | 76000 | 74757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 6/15/28(x) | 134000 | 131822 |
|  |  | 755444 |
|  ***Air Freight & Logistics (0.2%)*** |  |  |
|  Rand Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 2/15/30§ | 140000 | 140798 |
|  United Parcel Service, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 5/14/35 | 60000 | 61024 |
|  |  | 201822 |
|  ***Commercial Services & Supplies (0.5%)*** |  |  |
|  Enviri Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 7/31/27§ | 77000 | 75662 |
|  Garda World Security Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 8/1/32§ | 38000 | 39066 |
|  Interface, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/1/28(x)§ | 81000 | 79902 |
|  Madison IAQ LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 6/30/29(x)§ | 100000 | 97465 |
|  Pitney Bowes, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 3/15/27§ | 79000 | 79126 |
|  Republic Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 4/1/34 | 50000 | 50451 |
|  Rollins, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 2/24/35 | 35000 | 34878 |
|  |  | 456550 |
|  ***Construction & Engineering (0.3%)*** |  |  |
|  Artera Services LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 2/15/31§ | 67000 | 55442 |
|  Brundage-Bone Concrete Pumping Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 2/1/32§ | 91000 | 90482 |
|  Great Lakes Dredge & Dock Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 6/1/29§ | 49000 | 46365 |
|  Tutor Perini Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.875%, 4/30/29§ | 42000 | 47113 |
|  |  | 239402 |
|  ***Ground Transportation (0.2%)*** |  |  |
|  Avis Budget Car Rental LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 3/1/29§ | 93000 | 88699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 6/15/32§ | 38000 | 39045 |
|  Carriage Purchaser, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 10/15/29§ | 53000 | 48892 |
|  |  | 176636 |
|  ***Machinery (1.1%)*** |  |  |
|  Caterpillar, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 5/15/35 | 170000 | 172732 |
|  Deere & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 1/19/55 | 85000 | 87423 |
|  Enpro, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 6/1/33§ | 55000 | 55652 |
|  Husky Injection Molding Systems Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 2/15/29§ | 93000 | 95950 |
|  Manitowoc Co., Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 10/1/31§ | 87000 | 92438 |
|  Maxim Crane Works Holdings Capital LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.500%, 9/1/28§ | 47000 | 49851 |
|  Mueller Water Products, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 6/15/29§ | 186000 | 177472 |
|  New Flyer Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 7/1/30§ | 90000 | 95850 |
|  SPX FLOW, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 4/1/30§ | 40000 | 41350 |
|  Titan International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 4/30/28 | 94000 | 94000 |
|  |  | 962718 |
|  ***Passenger Airlines (1.1%)*** |  |  |
|  Allegiant Travel Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 8/15/27§ | 170000 | 169303 |
|  Avianca Midco 2 plc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 12/1/28§ | 112228 | 106476 |
|  Delta Air Lines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 7/10/30 | 55000 | 55522 |
|  JetBlue Airways Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.875%, 9/20/31(x)§ | 93000 | 89629 |
|  Latam Airlines Group SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 1/7/31§ | 240000 | 246300 |
|  United Airlines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 4/15/29§ | 228000 | 222870 |
|  VistaJet Malta Finance plc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 5/1/27§ | 11000 | 11045 |
|  |  | 901145 |
|  ***Professional Services (0.4%)*** |  |  |
|  Paychex, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 4/15/32 | 350000 | 358141 |
|  ***Trading Companies & Distributors (0.1%)*** |  |  |
|  Alta Equipment Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 6/1/29§ | 75000 | 70966 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Industrials** |  | 4122824 |
|  **Information Technology (3.3%)** |  |  |
|  ***Communications Equipment (0.6%)*** |  |  |
|  Ciena Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 1/31/30(x)§ | 179000 | 168811 |
|  CommScope LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 9/1/29§ | 144000 | 139831 |
|  Viasat, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 5/30/31§ | 53000 | 45978 |
|  Viavi Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 10/1/29(x)§ | 188000 | 173778 |
|  |  | 528398 |
|  ***Electronic Equipment, Instruments & Components (0.2%)*** |  |  |
|  Jabil, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 2/1/29 | 25000 | 25470 |
|  TTM Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 3/1/29§ | 175000 | 166115 |
|  |  | 191585 |
|  ***IT Services (0.6%)*** |  |  |
|  Arches Buyer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 12/1/28§ | 98000 | 93576 |
|  CoreWeave, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 6/1/30§ | 96000 | 96456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 2/1/31(x)§ | 60000 | 59692 |
|  Twilio, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 3/15/29 | 198000 | 186922 |
|  Unisys Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.625%, 1/15/31§ | 88000 | 92382 |
|  |  | 529028 |
|  ***Semiconductors & Semiconductor Equipment (0.9%)*** |  |  |
|  Broadcom, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 4/15/32§ | 240000 | 230758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, 7/15/32 | 420000 | 422215 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 LOOMIS SAYLES MULTI-ASSET INCOME FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br>Amount** | **Value<br>(Note 1)** |
|  Micron Technology, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.050%, 11/1/35 | $125000 | $129855 |
|  |  | 782828 |
|  ***Software (0.3%)*** |  |  |
|  Crowdstrike Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 2/15/29 | 182000 | 170279 |
|  Synopsys, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, 4/1/35 | 50000 | 50154 |
|  |  | 220433 |
|  ***Technology Hardware, Storage & Peripherals (0.7%)*** |  |  |
|  Dell International LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 2/1/33 | 155000 | 162506 |
|  NetApp, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 3/17/35 | 55000 | 56089 |
|  Seagate Data Storage Technology Pte. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 7/15/30§ | 219000 | 221398 |
|  Xerox Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 8/15/25(x)§ | 124000 | 123380 |
|  |  | 563373 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Information Technology** |  | 2815645 |
|  **Materials (2.5%)** |  |  |
|  ***Chemicals (0.2%)*** |  |  |
|  Rain Carbon, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.250%, 9/1/29§ | 80000 | 86124 |
|  SK Invictus Intermediate II Sarl |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/30/29§ | 97000 | 94386 |
|  |  | 180510 |
|  ***Containers & Packaging (0.6%)*** |  |  |
|  Crown Americas LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 9/30/26 | 186000 | 184064 |
|  Owens-Brockway Glass Container, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 6/1/32(x)§ | 177000 | 178184 |
|  TriMas Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 4/15/29§ | 179000 | 171840 |
|  |  | 534088 |
|  ***Metals & Mining (1.7%)*** |  |  |
|  Algoma Steel, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.125%, 4/15/29§ | 87000 | 78642 |
|  Carpenter Technology Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 3/15/30 | 169000 | 174163 |
|  Compass Minerals International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 7/1/30§ | 99000 | 102465 |
|  JW Aluminum Continuous Cast Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.250%, 4/1/30§ | 82000 | 84851 |
|  Mineral Resources Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 10/1/28§ | 242000 | 253108 |
|  Novelis Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 1/30/30§ | 105000 | 100528 |
|  Rio Tinto Finance USA plc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 3/14/35 | 115000 | 116490 |
|  SunCoke Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 6/30/29§ | 91000 | 83154 |
|  TMS International Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 4/15/29§ | 43000 | 40957 |
|  Windfall Mining Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.854%, 5/13/32§ | 425000 | 434562 |
|  |  | 1468920 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Materials** |  | 2183518 |
|  **Real Estate (0.4%)** |  |  |
|  ***Health Care REITs (0.0%)†*** |  |  |
|  MPT Operating Partnership LP (REIT) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/15/27(x) | 46000 | 42205 |
|  ***Office REITs (0.2%)*** |  |  |
|  Brandywine Operating Partnership LP (REIT) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 4/12/29 | 165000 | 176831 |
|  ***Real Estate Management & Development (0.2%)*** |  |  |
|  Anywhere Real Estate Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 4/15/30§ | 105000 | 109031 |
|  Five Point Operating Co. LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 1/15/28(e)§ | 92103 | 92670 |
|  |  | 201701 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Real Estate** |  | 420737 |
|  **Utilities (3.0%)** |  |  |
|  ***Electric Utilities (2.2%)*** |  |  |
|  DTE Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 5/15/35 | 85000 | 86210 |
|  Edison International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 3/15/30 | 10000 | 10154 |
|  Electricite de France SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 1/13/35§ | 290000 | 294512 |
|  Long Ridge Energy LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 2/15/32§ | 77000 | 79870 |
|  NRG Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 2/15/29§ | 260000 | 243539 |
|  Pacific Gas and Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, 3/1/35 | 145000 | 145547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 8/15/35 | 240000 | 244299 |
|  PPL Capital Funding, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 9/1/34 | 40000 | 40287 |
|  Southwestern Public Service Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 6/1/54 | 130000 | 130446 |
|  Virginia Electric and Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, 8/15/34 | 60000 | 60007 |
|  Vistra Operations Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 5/1/29§ | 272000 | 263500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 10/15/31§ | 52000 | 54876 |
|  XPLR Infrastructure Operating Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 1/15/29§ | 195000 | 198338 |
|  |  | 1851585 |
|  ***Gas Utilities (0.2%)*** |  |  |
|  AmeriGas Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.375%, 6/1/28(x)§ | 126000 | 129742 |
|  ***Independent Power and Renewable Electricity Producers (0.1%)*** |  |  |
|  TransAlta Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 3/15/40 | 103000 | 99834 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 LOOMIS SAYLES MULTI-ASSET INCOME FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount** | **Value**<br>**(Note 1)** |
|  ***Multi-Utilities (0.5%)*** |  |  |
|  Dominion Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.39%), 6.875%, 2/1/55(k) | $185000 | $192966 |
|  Public Service Enterprise Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 4/1/34 | 255000 | 259679 |
|  |  | 452645 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Utilities** |  | 2533806 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Corporate Bonds** |  | 35888313 |
|  | **Number of**<br>**Shares** |  |
|  **Equity-Linked Note (2.0%)** |  |  |
|  Barclays Bank plc, ELN, 24.000%, 8/19/25, (linked to S&P 500 Index)§ | 267 | 1685798 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Equity- Linked Note** |  | 1685798 |
|  | **Principal**<br>**Amount** |  |
|  **Foreign Government Securities (4.1%)** |  |  |
|  Argentine Republic |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 7/9/35(e) | $755000 | 496035 |
|  Commonwealth of Australia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 6/21/35(m) | 710000 | 401108 |
|  Federative Republic of Brazil |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/6/30 | $605000 | 606815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 3/15/35 | 380000 | 381900 |
|  Hazine Mustesarligi Varlik Kiralama A/S |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 9/1/30(x)§ | 400000 | 401600 |
|  Mex Bonos Desarr Fix Rt |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series M |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 2/28/30 | 7817200 | 410793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 11/23/34 | 8270800 | 397652 |
|  Oriental Republic of Uruguay |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 7/20/33 | 7685000 | 205556 |
|  Republic of Turkiye |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 36.000%, 8/12/26 | 8695000 | 210892 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Government Securities** |  | 3512351 |
|  **U.S. Treasury Obligations (3.5%)** |  |  |
|  U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 2/28/30 | 1520000 | 1523765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 2/15/35 | 1475000 | 1506833 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total U.S. Treasury Obligations** |  | 3030598 |
|  **Total Long-Term Debt Securities (53.4%)**<br> *(Cost $45,057,187)* |  | 45854192 |
|  | **Number of**<br>**Shares** |  |
|  COMMON STOCKS: |  |  |
|  **Communication Services (2.2%)** |  |  |
|  ***Diversified Telecommunication Services (0.5%)*** |  |  |
|  AT&T, Inc. | 1886 | 51695 |
|  Elisa OYJ | 1027 | 52928 |
|  Magyar Telekom Telecommunications plc | 8391 | 41705 |
|  Verizon Communications, Inc. | 5547 | 237190 |
|  |  | 383518 |
|  ***Entertainment (0.3%)*** |  |  |
|  HUYA, Inc. (ADR) | 9532 | 32028 |
|  International Games System Co. Ltd. | 863 | 22726 |
|  Netflix, Inc.(s)\* | 116 | 134490 |
|  Walt Disney Co. (The) | 451 | 53719 |
|  XD, Inc.(m) | 3373 | 22515 |
|  |  | 265478 |
|  ***Interactive Media & Services (1.0%)*** |  |  |
|  Alphabet, Inc., Class A(s) | 1263 | 242369 |
|  Alphabet, Inc., Class C(s) | 1159 | 223525 |
|  Hello Group, Inc. (ADR) | 4937 | 40632 |
|  Meta Platforms, Inc., Class A | 490 | 378986 |
|  Weibo Corp. (ADR) | 1010 | 9736 |
|  |  | 895248 |
|  ***Media (0.3%)*** |  |  |
|  Comcast Corp., Class A | 5549 | 184393 |
|  Publicis Groupe SA | 666 | 60955 |
|  |  | 245348 |
|  ***Wireless Telecommunication Services (0.1%)*** |  |  |
|  KDDI Corp. | 5100 | 84059 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Communication Services** |  | 1873651 |
|  **Consumer Discretionary (3.8%)** |  |  |
|  ***Automobile Components (0.2%)*** |  |  |
|  Bridgestone Corp. | 2100 | 85379 |
|  Denso Corp. | 5700 | 77713 |
|  Tong Yang Industry Co. Ltd. | 9871 | 34725 |
|  |  | 197817 |
|  ***Automobiles (0.6%)*** |  |  |
|  Honda Motor Co. Ltd.(x) | 7400 | 76994 |
|  Tesla, Inc.(s)\* | 626 | 192977 |
|  Toyota Motor Corp. | 10900 | 194906 |
|  |  | 464877 |
|  ***Broadline Retail (0.7%)*** |  |  |
|  Amazon.com, Inc.(s)\* | 1960 | 458856 |
|  Wesfarmers Ltd. | 1763 | 97154 |
|  |  | 556010 |
|  ***Hotels, Restaurants & Leisure (0.8%)*** |  |  |
|  Atour Lifestyle Holdings Ltd. (ADR) | 1332 | 45048 |
|  Booking Holdings, Inc. | 11 | 60545 |
|  DigiPlus Interactive Corp. | 70900 | 30629 |
|  DoorDash, Inc., Class A\* | 133 | 33283 |
|  Kangwon Land, Inc. | 3567 | 48073 |
|  McDonald's Corp. | 885 | 265562 |
|  Royal Caribbean Cruises Ltd. | 132 | 41959 |
|  Starbucks Corp. | 1666 | 148541 |
|  Yum! Brands, Inc. | 215 | 30992 |
|  |  | 704632 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 LOOMIS SAYLES MULTI-ASSET INCOME FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br>Shares** | **Value**<br>**(Note 1)** |
|  ***Household Durables (0.1%)*** |  |  |
|  Cury Construtora e Incorporadora SA | 8262 | $43364 |
|  Merry Electronics Co. Ltd. | 9871 | 37701 |
|  PulteGroup, Inc. | 205 | 23149 |
|  TCL Electronics Holdings Ltd. | 12000 | 15531 |
|  |  | 119745 |
|  ***Specialty Retail (0.9%)*** |  |  |
|  AutoZone, Inc.\* | 10 | 37684 |
|  CCC SA\* | 781 | 40399 |
|  Foschini Group Ltd. | 4194 | 28321 |
|  Home Depot, Inc. (The)(s) | 1211 | 445055 |
|  Industria de Diseno Textil SA | 1280 | 61219 |
|  Lojas Renner SA | 12641 | 36571 |
|  Mr Price Group Ltd. | 2672 | 30994 |
|  O'Reilly Automotive, Inc.\* | 438 | 43064 |
|  TJX Cos., Inc. (The) | 405 | 50435 |
|  Truworths International Ltd. | 5524 | 21449 |
|  |  | 795191 |
|  ***Textiles, Apparel & Luxury Goods (0.5%)*** |  |  |
|  LVMH Moet Hennessy Louis Vuitton SE | 304 | 163870 |
|  Makalot Industrial Co. Ltd. | 3655 | 32389 |
|  Mavi Giyim Sanayi ve Ticaret A/S, Class B(m) | 34297 | 35738 |
|  NIKE, Inc., Class B | 1644 | 122790 |
|  Xtep International Holdings Ltd. | 52099 | 37299 |
|  |  | 392086 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Discretionary** |  | 3230358 |
|  **Consumer Staples (4.0%)** |  |  |
|  ***Beverages (0.9%)*** |  |  |
|  Anadolu Efes Biracilik ve Malt Sanayii A/S, Class B | 34171 | 12761 |
|  Coca-Cola Co. (The) | 4897 | 332457 |
|  Diageo plc | 3222 | 78848 |
|  Keurig Dr Pepper, Inc. | 2250 | 73463 |
|  PepsiCo, Inc. | 1959 | 270185 |
|  |  | 767714 |
|  ***Consumer Staples Distribution & Retail (0.5%)*** |  |  |
|  Costco Wholesale Corp.(s) | 109 | 102421 |
|  Koninklijke Ahold Delhaize NV | 2086 | 82367 |
|  Kroger Co. (The) | 801 | 56150 |
|  Target Corp. | 615 | 61807 |
|  Tesco plc | 12180 | 68428 |
|  Walmart, Inc.(s) | 1042 | 102095 |
|  |  | 473268 |
|  ***Food Products (0.7%)*** |  |  |
|  AVI Ltd. | 5665 | 29202 |
|  Danone SA | 1262 | 103521 |
|  General Mills, Inc. | 847 | 41486 |
|  Mondelez International, Inc., Class A | 1627 | 105251 |
|  Nestle SA (Registered) | 2862 | 250524 |
|  Samyang Foods Co. Ltd. | 40 | 41592 |
|  Tiger Brands Ltd. | 1327 | 22109 |
|  |  | 593685 |
|  ***Household Products (0.8%)*** |  |  |
|  Colgate-Palmolive Co. | 1010 | 84688 |
|  Kimberly-Clark Corp. | 740 | 92219 |
|  Procter & Gamble Co. (The)(s) | 2711 | 407924 |
|  Reckitt Benckiser Group plc | 1137 | 85170 |
|  |  | 670001 |
|  ***Personal Care Products (0.3%)*** |  |  |
|  Kenvue, Inc. | 2561 | 54908 |
|  Unilever plc | 2706 | 157528 |
|  VT Co. Ltd.\* | 932 | 24261 |
|  |  | 236697 |
|  ***Tobacco (0.8%)*** |  |  |
|  Altria Group, Inc. | 2573 | 159371 |
|  British American Tobacco plc | 2458 | 131145 |
|  Imperial Brands plc | 1656 | 64604 |
|  Philip Morris International, Inc. | 1964 | 322194 |
|  |  | 677314 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Staples** |  | 3418679 |
|  **Energy (2.1%)** |  |  |
|  ***Energy Equipment & Services (0.1%)*** |  |  |
|  Schlumberger NV | 3611 | 122052 |
|  ***Oil, Gas & Consumable Fuels (2.0%)*** |  |  |
|  Chevron Corp. | 2084 | 316018 |
|  ConocoPhillips | 2289 | 218233 |
|  Coterra Energy, Inc. | 3098 | 75560 |
|  EOG Resources, Inc. | 281 | 33725 |
|  Exxon Mobil Corp.(s) | 5142 | 574053 |
|  Kinder Morgan, Inc. | 2531 | 71020 |
|  Occidental Petroleum Corp. | 1236 | 54310 |
|  ONEOK, Inc. | 901 | 73981 |
|  Repsol SA | 4459 | 67577 |
|  Suncor Energy, Inc. | 2100 | 82827 |
|  TotalEnergies SE | 2402 | 142595 |
|  |  | 1709899 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** |  | 1831951 |
|  **Financials (5.5%)** |  |  |
|  ***Banks (1.7%)*** |  |  |
|  Alior Bank SA | 1566 | 42310 |
|  Banco del Bajio SA(m) | 9909 | 22271 |
|  Bank of America Corp. | 1341 | 63389 |
|  Barclays plc | 89547 | 439100 |
|  BNK Financial Group, Inc. | 4130 | 43450 |
|  Citigroup, Inc. | 537 | 50317 |
|  DBS Group Holdings Ltd. | 2800 | 103318 |
|  JB Financial Group Co. Ltd. | 2494 | 41543 |
|  JPMorgan Chase & Co.(s) | 545 | 161451 |
|  Oversea-Chinese Banking Corp. Ltd. | 6600 | 85753 |
|  PNC Financial Services Group, Inc. (The) | 805 | 153167 |
|  Truist Financial Corp. | 676 | 29548 |
|  United Overseas Bank Ltd. | 2800 | 78044 |
|  US Bancorp | 3042 | 136768 |
|  Wells Fargo & Co. | 692 | 55796 |
|  |  | 1506225 |
|  ***Capital Markets (1.5%)*** |  |  |
|  Bank of New York Mellon Corp. (The) | 1079 | 109465 |
|  BlackRock, Inc. | 204 | 225626 |
|  Blackstone, Inc. | 1114 | 192677 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 LOOMIS SAYLES MULTI-ASSET INCOME FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br>Shares** | **Value**<br>**(Note 1)** |
|  Charles Schwab Corp. (The) | 433 | $42317 |
|  CME Group, Inc. | 501 | 139418 |
|  Goldman Sachs Group, Inc. (The) | 95 | 68741 |
|  Hong Kong Exchanges & Clearing Ltd. | 1600 | 87032 |
|  Intercontinental Exchange, Inc. | 209 | 38630 |
|  KIWOOM Securities Co. Ltd. | 261 | 40558 |
|  KKR & Co., Inc. | 293 | 42948 |
|  Morgan Stanley | 344 | 49006 |
|  Northern Trust Corp. | 638 | 82940 |
|  S&P Global, Inc. | 89 | 49048 |
|  Samsung Securities Co. Ltd. | 929 | 47428 |
|  Up Fintech Holding Ltd. (ADR)\* | 1541 | 15086 |
|  XTB SA(m) | 2259 | 45246 |
|  |  | 1276166 |
|  ***Consumer Finance (0.2%)*** |  |  |
|  American Express Co. | 155 | 46393 |
|  Capital One Financial Corp. | 230 | 49450 |
|  FinVolution Group (ADR)(x) | 4277 | 36740 |
|  Synchrony Financial | 615 | 42847 |
|  |  | 175430 |
|  ***Financial Services (0.5%)*** |  |  |
|  Berkshire Hathaway, Inc., Class B(s)\* | 377 | 177899 |
|  Mastercard, Inc., Class A(s) | 163 | 92334 |
|  Visa, Inc., Class A(s) | 353 | 121951 |
|  |  | 392184 |
|  ***Insurance (1.6%)*** |  |  |
|  Aflac, Inc. | 1013 | 100652 |
|  Allianz SE (Registered) | 484 | 191773 |
|  Anadolu Anonim Turk Sigorta Sirketi | 17910 | 43854 |
|  AXA SA | 2314 | 112707 |
|  Chubb Ltd. | 188 | 50016 |
|  Loews Corp. | 625 | 56587 |
|  Manulife Financial Corp. | 2900 | 89725 |
|  Marsh & McLennan Cos., Inc. | 227 | 45218 |
|  Momentum Group Ltd. | 25124 | 47555 |
|  Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered) | 178 | 116924 |
|  Progressive Corp. (The) | 180 | 43567 |
|  QBE Insurance Group Ltd. | 3625 | 54047 |
|  Sun Life Financial, Inc. | 1200 | 73164 |
|  Suncorp Group Ltd. | 4373 | 58904 |
|  Swiss Re AG | 459 | 82645 |
|  Tokio Marine Holdings, Inc. | 2400 | 97464 |
|  Zurich Insurance Group AG | 186 | 127458 |
|  |  | 1392260 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** |  | 4742265 |
|  **Health Care (4.4%)** |  |  |
|  ***Biotechnology (0.9%)*** |  |  |
|  3SBio, Inc.(m)\* | 13811 | 56476 |
|  AbbVie, Inc. | 2122 | 401100 |
|  Amgen, Inc. | 703 | 207455 |
|  Gilead Sciences, Inc. | 330 | 37056 |
|  Hugel, Inc.\* | 56 | 13608 |
|  Seegene, Inc. | 1764 | 37778 |
|  Vertex Pharmaceuticals, Inc.\* | 70 | 31981 |
|  |  | 785454 |
|  ***Health Care Equipment & Supplies (0.5%)*** |  |  |
|  Abbott Laboratories | 450 | 56785 |
|  Becton Dickinson & Co. | 378 | 67379 |
|  Boston Scientific Corp.\* | 707 | 74178 |
|  Hologic, Inc.\* | 552 | 36885 |
|  Intuitive Surgical, Inc.\* | 105 | 50514 |
|  Medtronic plc | 1358 | 122546 |
|  MicroPort NeuroScientific Corp. | 6000 | 10930 |
|  Zimmer Biomet Holdings, Inc. | 355 | 32536 |
|  |  | 451753 |
|  ***Health Care Providers & Services (0.6%)*** |  |  |
|  Cigna Group (The) | 110 | 29412 |
|  CVS Health Corp. | 1344 | 83462 |
|  Elevance Health, Inc. | 88 | 24911 |
|  KPJ Healthcare Bhd. | 66400 | 40323 |
|  McKesson Corp. | 58 | 40225 |
|  MLP Saglik Hizmetleri A/S, Class B(m)\* | 2443 | 23064 |
|  UnitedHealth Group, Inc.(s) | 1134 | 283001 |
|  |  | 524398 |
|  ***Life Sciences Tools & Services (0.1%)*** |  |  |
|  Danaher Corp. | 190 | 37460 |
|  Thermo Fisher Scientific, Inc. | 108 | 50510 |
|  |  | 87970 |
|  ***Pharmaceuticals (2.3%)*** |  |  |
|  AstraZeneca plc | 1600 | 239281 |
|  Bristol-Myers Squibb Co. | 576 | 24947 |
|  Eli Lilly & Co.(s) | 162 | 119891 |
|  Genomma Lab Internacional SAB de CV, Class B | 25723 | 29698 |
|  Johnson & Johnson | 2753 | 453529 |
|  Merck & Co., Inc. | 3146 | 245765 |
|  Novartis AG (Registered) | 2021 | 234359 |
|  Pfizer, Inc. | 7758 | 180684 |
|  Roche Holding AG | 770 | 243727 |
|  Sanofi SA | 1353 | 121732 |
|  Simcere Pharmaceutical Group Ltd.(m)(x) | 24406 | 41164 |
|  Zoetis, Inc. | 166 | 24201 |
|  |  | 1958978 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Health Care** |  | 3808553 |
|  **Industrials (3.7%)** |  |  |
|  ***Aerospace & Defense (0.6%)*** |  |  |
|  BAE Systems plc | 3440 | 81956 |
|  Boeing Co. (The)\* | 200 | 44368 |
|  Embraer SA | 3442 | 49470 |
|  GE Aerospace(s) | 260 | 70481 |
|  General Dynamics Corp. | 132 | 41133 |
|  Lockheed Martin Corp. | 310 | 130504 |
|  RTX Corp. | 387 | 60980 |
|  |  | 478892 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 LOOMIS SAYLES MULTI-ASSET INCOME FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br>Shares** | **Value**<br>**(Note 1)** |
|  ***Air Freight & Logistics (0.2%)*** |  |  |
|  CH Robinson Worldwide, Inc. | 271 | $31252 |
|  Deutsche Post AG | 1762 | 79326 |
|  United Parcel Service, Inc., Class B | 866 | 74614 |
|  |  | 185192 |
|  ***Building Products (0.2%)*** |  |  |
|  A.O. Smith Corp. | 511 | 36174 |
|  Cie de Saint-Gobain SA | 809 | 92600 |
|  |  | 128774 |
|  ***Commercial Services & Supplies (0.1%)*** |  |  |
|  KEPCO Plant Service & Engineering Co. Ltd. | 1072 | 40351 |
|  Veralto Corp. | 302 | 31659 |
|  Waste Management, Inc. | 195 | 44686 |
|  |  | 116696 |
|  ***Construction & Engineering (0.3%)*** |  |  |
|  Acter Group Corp. Ltd. | 2701 | 44342 |
|  IJM Corp. Bhd. | 46400 | 31115 |
|  Quanta Services, Inc. | 87 | 35333 |
|  Samsung E&A Co. Ltd. | 1010 | 19300 |
|  Sunway Construction Group Bhd. | 31900 | 39192 |
|  Vinci SA | 737 | 102273 |
|  |  | 271555 |
|  ***Electrical Equipment (0.1%)*** |  |  |
|  Cheryong Electric Co. Ltd. | 425 | 12427 |
|  Eaton Corp. plc | 93 | 35779 |
|  GE Vernova, Inc. | 83 | 54804 |
|  |  | 103010 |
|  ***Ground Transportation (0.5%)*** |  |  |
|  Canadian National Railway Co. | 900 | 84037 |
|  Norfolk Southern Corp. | 299 | 83122 |
|  Uber Technologies, Inc.\* | 537 | 47122 |
|  Union Pacific Corp. | 852 | 189118 |
|  |  | 403399 |
|  ***Industrial Conglomerates (0.4%)*** |  |  |
|  3M Co. | 213 | 31784 |
|  CJ Corp. | 373 | 41743 |
|  Honeywell International, Inc. | 197 | 43803 |
|  Siemens AG (Registered) | 877 | 225087 |
|  |  | 342417 |
|  ***Machinery (0.8%)*** |  |  |
|  Caterpillar, Inc. | 130 | 56943 |
|  Cummins, Inc. | 238 | 87493 |
|  Deere & Co. | 88 | 46145 |
|  FANUC Corp. | 2200 | 62309 |
|  First Tractor Co. Ltd., Class H(x) | 14000 | 12680 |
|  HD Hyundai MIPO | 203 | 31033 |
|  Hyundai Rotem Co. Ltd. | 368 | 53602 |
|  IDEX Corp. | 209 | 34174 |
|  Illinois Tool Works, Inc. | 430 | 110067 |
|  Marcopolo SA (Preference)(q) | 30279 | 44611 |
|  Otis Worldwide Corp. | 365 | 31277 |
|  PACCAR, Inc. | 807 | 79699 |
|  Randon SA Implementos e Participacoes (Preference)(q) | 11618 | 14793 |
|  Sunonwealth Electric Machine Industry Co. Ltd. | 12537 | 47674 |
|  |  | 712500 |
|  ***Professional Services (0.1%)*** |  |  |
|  Benefit Systems SA | 50 | 45363 |
|  Paychex, Inc. | 496 | 71588 |
|  |  | 116951 |
|  ***Trading Companies & Distributors (0.4%)*** |  |  |
|  Fastenal Co. | 1670 | 77037 |
|  ITOCHU Corp. | 1800 | 94691 |
|  Mitsui & Co. Ltd. | 4400 | 90451 |
|  United Rentals, Inc. | 40 | 35318 |
|  W.W. Grainger, Inc. | 28 | 29107 |
|  |  | 326604 |
|  ***Transportation Infrastructure (0.0%)†*** |  |  |
|  TAV Havalimanlari Holding A/S\* | 2662 | 16118 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Industrials** |  | 3202108 |
|  **Information Technology (6.4%)** |  |  |
|  ***Communications Equipment (0.5%)*** |  |  |
|  Arcadyan Technology Corp. | 5286 | 39405 |
|  Arista Networks, Inc.\* | 369 | 45468 |
|  Cisco Systems, Inc. | 5132 | 349387 |
|  |  | 434260 |
|  ***Electronic Equipment, Instruments & Components (0.5%)*** |  |  |
|  Amphenol Corp., Class A | 528 | 56237 |
|  Asia Optical Co., Inc. | 3711 | 16225 |
|  Channel Well Technology Co. Ltd. | 15000 | 44979 |
|  Corning, Inc. | 1810 | 114464 |
|  Dynapack International Technology Corp. | 6300 | 48758 |
|  Primax Electronics Ltd. | 14808 | 36118 |
|  Taiwan Surface Mounting Technology Corp. | 10340 | 36721 |
|  Tripod Technology Corp. | 5181 | 48603 |
|  TXC Corp. | 13697 | 38548 |
|  |  | 440653 |
|  ***IT Services (0.4%)*** |  |  |
|  Accenture plc, Class A(s) | 188 | 50215 |
|  International Business Machines Corp. | 1170 | 296185 |
|  |  | 346400 |
|  ***Semiconductors & Semiconductor Equipment (2.7%)*** |  |  |
|  Advanced Micro Devices, Inc.\* | 453 | 79869 |
|  Applied Materials, Inc.(s) | 206 | 37092 |
|  Broadcom, Inc.(s) | 1008 | 296050 |
|  DB HiTek Co. Ltd. | 337 | 11105 |
|  Elan Microelectronics Corp. | 9578 | 39952 |
|  Everlight Electronics Co. Ltd. | 15895 | 36905 |
|  Foxsemicon Integrated Technology, Inc. | 3946 | 40389 |
|  KLA Corp. | 39 | 34282 |
|  Lam Research Corp. | 456 | 43247 |
|  NVIDIA Corp.(s) | 5445 | 968502 |
|  Pixart Imaging, Inc. | 5005 | 32866 |
|  QUALCOMM, Inc. | 1498 | 219847 |
|  Radiant Opto-Electronics Corp. | 7405 | 34237 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 LOOMIS SAYLES MULTI-ASSET INCOME FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br>Shares** | **Value<br>(Note 1)** |
|  Raydium Semiconductor Corp. | 2474 | $28928 |
|  Sigurd Microelectronics Corp. | 16106 | 41982 |
|  Sitronix Technology Corp. | 3937 | 26315 |
|  Texas Instruments, Inc. | 1235 | 223609 |
|  Tokyo Electron Ltd. | 700 | 126863 |
|  |  | 2322040 |
|  ***Software (1.6%)*** |  |  |
|  Adobe, Inc.\* | 108 | 38631 |
|  Crowdstrike Holdings, Inc., Class A\* | 78 | 35456 |
|  Intuit, Inc. | 67 | 52604 |
|  Microsoft Corp.(s) | 1593 | 849866 |
|  Oracle Corp.(s) | 354 | 89835 |
|  Palantir Technologies, Inc., Class A\* | 498 | 78858 |
|  Palo Alto Networks, Inc.\* | 195 | 33852 |
|  Roper Technologies, Inc. | 66 | 36326 |
|  Salesforce, Inc. | 237 | 61224 |
|  ServiceNow, Inc.\* | 56 | 52815 |
|  Synopsys, Inc.\* | 69 | 43709 |
|  Tuya, Inc. (ADR) | 6014 | 14373 |
|  |  | 1387549 |
|  ***Technology Hardware, Storage & Peripherals (0.7%)*** |  |  |
|  Apple, Inc.(s) | 2310 | 479487 |
|  Chicony Electronics Co. Ltd. | 7918 | 34752 |
|  Getac Holdings Corp. | 7405 | 29275 |
|  |  | 543514 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Information Technology** |  | 5474416 |
|  **Materials (1.0%)** |  |  |
|  ***Chemicals (0.6%)*** |  |  |
|  Air Products and Chemicals, Inc. | 401 | 115440 |
|  Eastman Chemical Co. | 493 | 35797 |
|  Han Kuk Carbon Co. Ltd. | 2545 | 55055 |
|  KCC Corp. | 158 | 42155 |
|  Linde plc | 129 | 59373 |
|  Nutrien Ltd. | 900 | 53398 |
|  Shin-Etsu Chemical Co. Ltd. | 3000 | 87434 |
|  Sinofert Holdings Ltd.(x) | 238528 | 43148 |
|  |  | 491800 |
|  ***Construction Materials (0.1%)*** |  |  |
|  Holcim AG | 890 | 71200 |
|  Titan SA | 438 | 18169 |
|  |  | 89369 |
|  ***Containers & Packaging (0.1%)*** |  |  |
|  Avery Dennison Corp. | 292 | 48989 |
|  ***Metals & Mining (0.1%)*** |  |  |
|  Bradespar SA (Preference)(q) | 14300 | 40017 |
|  Northern Star Resources Ltd. | 3923 | 39254 |
|  |  | 79271 |
|  ***Paper & Forest Products (0.1%)*** |  |  |
|  Holmen AB, Class B | 1996 | 74219 |
|  UPM-Kymmene OYJ | 2250 | 58415 |
|  |  | 132634 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Materials** |  | 842063 |
|  **Real Estate (1.9%)** |  |  |
|  ***Diversified REITs (0.0%)†*** |  |  |
|  Gladstone Commercial Corp. (REIT) | 1670 | 21961 |
|  ***Health Care REITs (0.3%)*** |  |  |
|  Alexandria Real Estate Equities, Inc. (REIT) | 416 | 31795 |
|  American Healthcare REIT, Inc. (REIT) | 761 | 29405 |
|  CareTrust REIT, Inc. (REIT) | 944 | 30019 |
|  Healthpeak Properties, Inc. (REIT) | 3757 | 63644 |
|  National Health Investors, Inc. (REIT) | 340 | 23752 |
|  Omega Healthcare Investors, Inc. (REIT) | 837 | 32559 |
|  Ventas, Inc. (REIT) | 338 | 22707 |
|  Welltower, Inc. (REIT) | 58 | 9574 |
|  |  | 243455 |
|  ***Hotel & Resort REITs (0.1%)*** |  |  |
|  Host Hotels & Resorts, Inc. (REIT) | 1735 | 27274 |
|  Invincible Investment Corp. (REIT) | 58 | 25846 |
|  Summit Hotel Properties, Inc. (REIT) | 4544 | 23720 |
|  |  | 76840 |
|  ***Industrial REITs (0.2%)*** |  |  |
|  First Industrial Realty Trust, Inc. (REIT) | 566 | 27576 |
|  GLP J-REIT (REIT) | 8 | 7024 |
|  Goodman Group (REIT) | 254 | 5743 |
|  Mitsubishi Estate Logistics REIT Investment Corp. (REIT) | 29 | 23154 |
|  Montea NV (REIT) | 90 | 6727 |
|  Prologis, Inc. (REIT) | 377 | 40256 |
|  Warehouses De Pauw CVA (REIT) | 1110 | 25993 |
|  |  | 136473 |
|  ***Office REITs (0.1%)*** |  |  |
|  BXP, Inc. (REIT) | 402 | 26303 |
|  COPT Defense Properties (REIT) | 928 | 25316 |
|  Global One Real Estate Investment Corp. (REIT) | 26 | 24621 |
|  Nippon Building Fund, Inc. (REIT) | 19 | 17475 |
|  Orix JREIT, Inc. (REIT) | 19 | 24922 |
|  |  | 118637 |
|  ***Real Estate Management & Development (0.5%)*** |  |  |
|  Azrieli Group Ltd. | 276 | 27256 |
|  CK Asset Holdings Ltd. | 6600 | 30310 |
|  Daiwa House Industry Co. Ltd. | 2800 | 92912 |
|  Greentown China Holdings Ltd. | 16000 | 20117 |
|  Henderson Land Development Co. Ltd. | 5000 | 17516 |
|  Hulic Co. Ltd. | 1900 | 18212 |
|  International Workplace Group plc | 8821 | 25792 |
|  Multiplan Empreendimentos Imobiliarios SA\* | 9179 | 41276 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 LOOMIS SAYLES MULTI-ASSET INCOME FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br>Shares** | **Value<br>(Note 1)** |
|  Onewo, Inc., Class H(x) | 12391 | $35516 |
|  Poly Property Services Co. Ltd., Class H(m) | 10386 | 46109 |
|  PSP Swiss Property AG (Registered) | 147 | 24993 |
|  Sirius Real Estate Ltd. (REIT)(x) | 19998 | 27493 |
|  Sun Hung Kai Properties Ltd. | 3000 | 35732 |
|  UOL Group Ltd. | 5300 | 28084 |
|  |  | 471318 |
|  ***Residential REITs (0.1%)*** |  |  |
|  American Homes 4 Rent (REIT), Class A | 860 | 29833 |
|  Boardwalk REIT (REIT) | 50 | 2578 |
|  Camden Property Trust (REIT) | 309 | 33743 |
|  Centerspace (REIT) | 407 | 22153 |
|  Ingenia Communities Group (REIT) | 2550 | 8620 |
|  UMH Properties, Inc. (REIT) | 1485 | 24176 |
|  |  | 121103 |
|  ***Retail REITs (0.3%)*** |  |  |
|  Brixmor Property Group, Inc. (REIT) | 93 | 2430 |
|  Federal Realty Investment Trust (REIT) | 478 | 44053 |
|  Frontier Real Estate Investment Corp. (REIT) | 39 | 22267 |
|  Getty Realty Corp. (REIT) | 829 | 23038 |
|  InvenTrust Properties Corp. (REIT) | 902 | 24868 |
|  NNN REIT, Inc. (REIT) | 701 | 28923 |
|  Phillips Edison & Co., Inc. (REIT) | 734 | 24802 |
|  Regency Centers Corp. (REIT) | 651 | 46481 |
|  Tanger, Inc. (REIT) | 796 | 23896 |
|  |  | 240758 |
|  ***Specialized REITs (0.3%)*** |  |  |
|  EPR Properties (REIT) | 459 | 25264 |
|  Equinix, Inc. (REIT) | 78 | 61243 |
|  Iron Mountain, Inc. (REIT) | 425 | 41378 |
|  Lamar Advertising Co. (REIT), Class A | 252 | 30807 |
|  National Storage REIT (REIT) | 16292 | 25128 |
|  Outfront Media, Inc. (REIT) | 1478 | 25909 |
|  Safestore Holdings plc (REIT) | 2238 | 19906 |
|  |  | 229635 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Real Estate** |  | 1660180 |
|  **Utilities (1.5%)** |  |  |
|  ***Electric Utilities (1.0%)*** |  |  |
|  Alliant Energy Corp. | 906 | 58899 |
|  American Electric Power Co., Inc. | 749 | 84742 |
|  Constellation Energy Corp. | 90 | 31306 |
|  Duke Energy Corp. | 1206 | 146698 |
|  Iberdrola SA(x) | 6743 | 118158 |
|  NextEra Energy, Inc. | 2746 | 195131 |
|  Southern Co. (The) | 451 | 42610 |
|  Xcel Energy, Inc. | 905 | 66463 |
|  |  | 744007 |
|  ***Gas Utilities (0.0%)†*** |  |  |
|  Perusahaan Gas Negara Tbk. PT | 322400 | 31936 |
|  ***Independent Power and Renewable Electricity Producers (0.0%)†*** |  |  |
|  Vistra Corp. | 156 | 32532 |
|  ***Multi-Utilities (0.5%)*** |  |  |
|  Ameren Corp. | 683 | 69072 |
|  Consolidated Edison, Inc. | 671 | 69448 |
|  National Grid plc | 6510 | 91133 |
|  Public Service Enterprise Group, Inc. | 760 | 68240 |
|  Sempra | 932 | 76126 |
|  WEC Energy Group, Inc. | 658 | 71775 |
|  |  | 445794 |
|  ***Water Utilities (0.0%)†*** |  |  |
|  Cia de Saneamento de Minas Gerais Copasa MG | 5051 | 23282 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Utilities** |  | 1277551 |
|  **Total Common Stocks (36.5%)**<br>*(Cost $30,054,734)* |  | 31361775 |
|  EXCHANGE TRADED FUNDS (ETF): |  |  |
|  **Equity (5.3%)** |  |  |
|  Invesco Nasdaq 100 ETF | 15155 | 3524598 |
|  iShares MSCI India Small-Cap ETF(x) | 14715 | 1078315 |
|  **Total Exchange Traded Funds (5.3%)**<br>*(Cost 4,346,782)* |  | 4602913 |
|  | **Number of<br>Rights** |  |
|  RIGHTS: |  |  |
|  **Industrials (0.0%)†** |  |  |
|  ***Machinery (0.0%)†*** |  |  |
|  Randon SA Implementos e Participacoes, expiring 8/19/25\*<br>*(Cost $—)* | 929 | 13 |
|  | **Number of<br>Shares** |  |
|  SHORT-TERM INVESTMENTS: |  |  |
|  **Investment Companies (3.2%)** |  |  |
|  Invesco Government & Agency Portfolio, Institutional Shares 4.25% (7 day yield)(xx) | 2725058 | 2725058 |
|  **Total Short-Term Investments (3.2%)**<br>*(Cost $2,725,058)* |  | 2725058 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 LOOMIS SAYLES MULTI-ASSET INCOME FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br>Contracts** | **Value<br>(Note 1)** |
|  OPTIONS PURCHASED: |  |  |
|  **Put Options Purchased (0.1%)** |  |  |
|  ***Index Funds (0.1%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P 500 Index 11/21/2025 at USD 6,225.00, European Style Notional Amount: USD 600 Exchange Traded\* | 6 | $78060 |
|  **Total Options Purchased (0.1%)**<br>(*Cost $79,056*) |  | 78060 |
|  **Total Investments in Securities (98.5%)**<br>*(Cost $82,262,817)* |  | 84622011 |
|  **Other Assets Less Liabilities (1.5%)** |  | 1310673 |
|  **Net Assets (100%)** |  | $85932684 |

---

*\** *Non-income producing.* 

*†* *Percent shown is less than 0.05%.* 

---

| | |
|:---|:---|
| *§* | *Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At July 31, 2025, the market value of these securities amounted to $25,773,290 or 30.0% of net assets.*  |

---

*(e)* *Step Bond - Coupon rate increases or decreases in increments to maturity. Rate disclosed is as of July 31, 2025. Maturity date disclosed is the ultimate maturity date.* 

*(k)* *Variable or floating rate security, linked to the referenced benchmark. The interest rate shown was the current rate as of July 31, 2025.* 

*(l)* *Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current rate as of July 31, 2025.* 

*(m)* *Regulation S is an exemption for securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States. Resale restrictions may apply for purposes of the Securities Act of 1933. At July 31, 2025, the market value or fair value, as applicable, of these securities amounted to $1,127,566 or 1.3% of net assets.* 

*(q)* *Preference Shares are a special type of equity investment that shares in the earnings of the company, has limited voting rights, and receives a greater dividend than applicable Common Shares.* 

*(s)* *All, or a portion of security held by broker as collateral for option contracts, with a total collateral value of $4,302,514.* 

*(x)* *All or a portion of security is on loan at July 31, 2025.* 

*(y)* *Securities are perpetual and, thus, do not have a predetermined maturity date. The coupon rate for these securities are fixed for a period of time and may be structured to adjust thereafter. The date shown, if applicable, reflects the next call date. The coupon rate shown is the rate in effect as of July 31, 2025.* 

*(xx)* *At July 31, 2025, the Fund had loaned securities with a total value of $2,757,298. This was collateralized by $112,916 of various U.S. Government Treasury Securities, ranging from 0.000% – 4.625%, maturing 8/7/25 – 8/15/52 and by cash of $2,725,058 which was subsequently invested in investment companies.* 

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 LOOMIS SAYLES MULTI-ASSET INCOME FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

*Glossary:* 

*ADR — American Depositary Receipt* 

*AUD — Australian Dollar* 

*CLO — Collateralized Loan Obligation* 

*CVA — Dutch Certification* 

*ELN — Equity-Linked Note* 

*ICE — Intercontinental Exchange* 

*ICE IBA — ICE Benchmark Administration Limited* 

*MXN — Mexican Peso* 

*REIT — Real Estate Investment Trust* 

*SOFR — Secured Overnight Financing Rate* 

*TRY — Turkish Lira* 

*USD — United States Dollar* 

*UYU — Uruguayan Peso* 

**Written Call Options Contracts as of July 31, 2025 (Note 1):** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Counterparty** | **Number of<br>Contracts** | **Notional<br>Amount** | **Notional<br>Amount** | **Exercise Price** | **Expiration<br>Date** | **Value ($)** |
|  S&P 500 Index | Exchange Traded | 17 | USD | (1700) | USD 6,300.00 | 8/15/2025 | (168640) |

---

**Written Put Options Contracts as of July 31, 2025 (Note 1):** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Counterparty** | **Number of<br>Contracts** | **Notional<br>Amount** | **Notional<br>Amount** | **Exercise Price** | **Expiration<br>Date** | **Value ($)** |
|  S&P 500 Index | Exchange Traded | 6 | USD | (600) | USD 5,740.00 | 11/21/2025 | (34146) |
|  Total Written Options Contracts (Premiums Received ($206197)) | Total Written Options Contracts (Premiums Received ($206197)) | Total Written Options Contracts (Premiums Received ($206197)) | Total Written Options Contracts (Premiums Received ($206197)) |  |  |  | (202786) |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 LOOMIS SAYLES MULTI-ASSET INCOME FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

The following is a summary of the inputs, summarized in three broad levels, used to value the Fund's assets and liabilities carried at fair value as of July 31, 2025:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type** | **Level 1<br>Quoted Prices in Active<br>Markets for Identical<br>Securities** | **Level 2<br>Significant Other<br>Observable Inputs<br>(including quoted prices<br>for similar securities,<br>interest rates,<br>prepayment speeds,<br>credit risk, etc.)** | **Level 3<br>Significant Unobservable<br>Inputs (including the<br>Fund's own<br>assumptions in<br>determining the fair<br>value of investments)** | **Total** |
|  **Assets:** |  |  |  |  |
|  **Asset-Backed Securities** | $— | $1683330 | $— | $1683330 |
|  **Common Stocks** |  |  |  |  |
|  Communication Services | 1588763 | 284888 |  | 1873651 |
|  Consumer Discretionary | 2079875 | 1150483 |  | 3230358 |
|  Consumer Staples | 2266619 | 1152060 |  | 3418679 |
|  Energy | 1621779 | 210172 |  | 1831951 |
|  Financials | 2755152 | 1987113 |  | 4742265 |
|  Health Care | 2746111 | 1062442 |  | 3808553 |
|  Industrials | 1938475 | 1263633 |  | 3202108 |
|  Information Technology | 4681490 | 792926 |  | 5474416 |
|  Materials | 353014 | 489049 |  | 842063 |
|  Real Estate | 992712 | 667468 |  | 1660180 |
|  Utilities | 1036324 | 241227 |  | 1277551 |
|  **Convertible Bonds** |  |  |  |  |
|  Industrials |  | 53802 |  | 53802 |
|  **Corporate Bonds** |  |  |  |  |
|  Communication Services |  | 3513235 |  | 3513235 |
|  Consumer Discretionary |  | 3564043 |  | 3564043 |
|  Consumer Staples |  | 294328 |  | 294328 |
|  Energy |  | 2685152 |  | 2685152 |
|  Financials |  | 13057733 |  | 13057733 |
|  Health Care |  | 697292 |  | 697292 |
|  Industrials |  | 4122824 |  | 4122824 |
|  Information Technology |  | 2815645 |  | 2815645 |
|  Materials |  | 2183518 |  | 2183518 |
|  Real Estate |  | 420737 |  | 420737 |
|  Utilities |  | 2533806 |  | 2533806 |
|  **Equity-Linked Note** |  | 1685798 |  | 1685798 |
|  **Exchange Traded Funds** | 4602913 |  |  | 4602913 |
|  **Foreign Government Securities** |  | 3512351 |  | 3512351 |
|  **Options Purchased** |  |  |  |  |
|  Put Options Purchased | 78060 |  |  | 78060 |
|  **Rights** |  |  |  |  |
|  Industrials | 13 |  |  | 13 |
|  **Short-Term Investment** |  |  |  |  |
|  Investment Company | 2725058 |  |  | 2725058 |
|  **U.S. Treasury Obligations** |  | 3030598 |  | 3030598 |
|  **Total Assets** | $**29466358** | $**55155653** | $**—** | $**84622011** |
|  **Liabilities:** |  |  |  |  |
|  **Options Written** |  |  |  |  |
|  Call Options Written | $(168640) | $— | $— | $(168640) |
|  Put Options Written | (34146) |  |  | (34146) |
|  **Total Liabilities** | $**(202786)** | $**—** | $**—** | $**(202786)** |
|  **Total** | $**29263572** | $**55155653** | $**—** | $**84419225** |

---

As of July 31, 2025, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments in securities and derivative instruments, if applicable, for Federal income tax purposes was as follows:

---

| | |
|:---|:---|
|  Aggregate gross unrealized appreciation | $3748929 |
|  Aggregate gross unrealized depreciation | (1983935) |
|  Net unrealized appreciation | $1764994 |
|  Federal income tax cost of investments in securities and derivative instruments, if applicable | $82654231 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 MULTI-ALTERNATIVE STRATEGIES FUND

PORTFOLIO OF INVESTMENTS

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br>Shares** | **Value<br>(Note 1)** |
|  EXCHANGE TRADED FUNDS (ETF): |  |  |
|  ***Alternatives (25.7%)*** |  |  |
|  iMGP DBi Managed Futures Strategy ETF | 93600 | $2397096 |
|  NYLI Merger Arbitrage ETF\* | 88930 | 3144565 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Alternatives** |  | 5541661 |
|  **Commodity (16.7%)** |  |  |
|  Invesco DB Agriculture Fund | 34960 | 905464 |
|  Invesco DB Energy Fund | 46810 | 927634 |
|  Invesco DB Precious Metals Fund | 23630 | 1771068 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Commodity** |  | 3604166 |
|  **Equity (26.9%)** |  |  |
|  iShares Core U.S. REIT ETF | 26760 | 1498828 |
|  JPMorgan Equity Premium Income ETF | 32150 | 1815832 |
|  JPMorgan Nasdaq Equity Premium Income ETF(x) | 18250 | 1005575 |
|  Vanguard Global ex-U.S. Real Estate ETF | 33070 | 1495425 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Equity** |  | 5815660 |
|  **Fixed Income (29.3%)** |  |  |
|  iShares Convertible Bond ETF | 38300 | 3546963 |
|  Vanguard Short-Term Inflation-Protected Securities ETF | 55390 | 2769500 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Fixed Income** |  | 6316463 |
|  **Total Exchange Traded Funds (98.6%)**<br>*(Cost $19,752,656)* |  | 21277950 |
|  SHORT-TERM INVESTMENTS: |  |  |
|  **Investment Companies (4.2%)** |  |  |
|  Invesco Government & Agency Portfolio, Institutional Shares 4.25% (7 day yield)(xx) | 902814 | 902814 |
|  **Total Short-Term Investments (4.2%)**<br>*(Cost $902,814)* |  | 902814 |
|  **Total Investments in Securities (102.8%**)<br>*(Cost $20,655,470)* |  | 22180764 |
|  **Other Assets Less Liabilities (-2.8%)** |  | (596845) |
|  **Net Assets (100%)** |  | $21583919 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 MULTI-ALTERNATIVE STRATEGIES FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

*\** *Non-income producing.* 

*(x)* *All or a portion of security is on loan at July 31, 2025.* 

*(xx)* *At July 31, 2025, the Fund had loaned securities with a total value of $880,443. This was collateralized by cash of $902,814 which was subsequently invested in investment companies.* 

*Glossary:* 

*REIT — Real Estate Investment Trust* 

The following is a summary of the inputs, summarized in three broad levels, used to value the Fund's assets and liabilities carried at fair value as of July 31, 2025:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type** | **Level 1<br>Quoted Prices in Active<br>Markets for Identical<br>Securities** | **Level 2<br>Significant Other<br>Observable Inputs<br>(including quoted prices<br>for similar securities,<br>interest rates,<br>prepayment speeds,<br>credit risk, etc.)** | **Level 3<br>Significant Unobservable<br>Inputs (including the<br>Fund's own<br>assumptions in<br>determining the fair<br>value of investments)** | **Total** |
|  **Assets:** |  |  |  |  |
|  **Exchange Traded Funds** |  |  |  |  |
|  Exchange Traded Funds | $21277950 | $— | $— | $21277950 |
|  **Short-Term Investments** |  |  |  |  |
|  Investment Companies | 902814 |  |  | 902814 |
|  **Total Assets** | $**22180764** | $**—** | $**—** | $**22180764** |
|  **Total Liabilities** | $**—** | $**—** | $**—** | $**—** |
|  **Total** | $**22180764** | $**—** | $**—** | $**22180764** |

---

As of July 31, 2025, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments in securities and derivative instruments, if applicable, for Federal income tax purposes was as follows:

---

| | |
|:---|:---|
|  Aggregate gross unrealized appreciation | $1669477 |
|  Aggregate gross unrealized depreciation | (480567) |
|  Net unrealized appreciation | $1188910 |
|  Federal income tax cost of investments in securities and derivative instruments, if applicable | $20991854 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 SMARTBETA EQUITY FUND

PORTFOLIO OF INVESTMENTS

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br>Shares** | **Value<br>(Note 1)** |
|  COMMON STOCKS: |  |  |
|  **Communication Services (6.5%)** |  |  |
|  ***Diversified Telecommunication Services (1.7%)*** |  |  |
|  AT&T, Inc. | 14981 | $410629 |
|  Deutsche Telekom AG (Registered) | 16051 | 576632 |
|  Koninklijke KPN NV | 113411 | 507345 |
|  NTT, Inc. | 262500 | 265807 |
|  Quebecor, Inc., Class B | 11538 | 324589 |
|  Swisscom AG (Registered) | 387 | 269435 |
|  Telstra Group Ltd. | 133153 | 425287 |
|  Verizon Communications, Inc. | 29361 | 1255476 |
|  |  | 4035200 |
|  ***Entertainment (0.3%)*** |  |  |
|  Electronic Arts, Inc. | 3753 | 572295 |
|  ***Interactive Media & Services (3.6%)*** |  |  |
|  Alphabet, Inc., Class A | 26897 | 5161534 |
|  Meta Platforms, Inc., Class A | 4230 | 3271651 |
|  |  | 8433185 |
|  ***Media (0.3%)*** |  |  |
|  Comcast Corp., Class A | 21804 | 724547 |
|  ***Wireless Telecommunication Services (0.6%)*** |  |  |
|  KDDI Corp. | 20600 | 339531 |
|  SoftBank Corp. | 391000 | 566795 |
|  T-Mobile US, Inc. | 2456 | 585535 |
|  |  | 1491861 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Communication Services** |  | 15257088 |
|  **Consumer Discretionary (10.4%)** |  |  |
|  ***Automobile Components (0.2%)*** |  |  |
|  Bridgestone Corp. | 9000 | 365908 |
|  ***Automobiles (0.9%)*** |  |  |
|  Ferrari NV | 558 | 245355 |
|  Tesla, Inc.\* | 5899 | 1818485 |
|  |  | 2063840 |
|  ***Broadline Retail (3.0%)*** |  |  |
|  Amazon.com, Inc.\* | 21886 | 5123731 |
|  Dollarama, Inc. | 5463 | 746668 |
|  eBay, Inc. | 3013 | 276443 |
|  Wesfarmers Ltd. | 15570 | 858020 |
|  |  | 7004862 |
|  ***Hotels, Restaurants & Leisure (2.8%)*** |  |  |
|  Aristocrat Leisure Ltd. | 8814 | 396729 |
|  Booking Holdings, Inc. | 214 | 1177869 |
|  Chipotle Mexican Grill, Inc.\* | 10000 | 428800 |
|  Darden Restaurants, Inc. | 1421 | 286573 |
|  Hilton Worldwide Holdings, Inc. | 904 | 242344 |
|  Lottery Corp. Ltd. (The) | 111916 | 389822 |
|  McDonald's Corp. | 8291 | 2487880 |
|  Oriental Land Co. Ltd. | 10200 | 210696 |
|  Restaurant Brands International, Inc. | 3652 | 247807 |
|  Yum! Brands, Inc. | 5011 | 722336 |
|  |  | 6590856 |
|  ***Household Durables (0.1%)*** |  |  |
|  Garmin Ltd. | 1213 | 265356 |
|  ***Leisure Products (0.1%)*** |  |  |
|  Bandai Namco Holdings, Inc. | 6700 | 218061 |
|  ***Specialty Retail (3.1%)*** |  |  |
|  AutoZone, Inc.\* | 200 | 753676 |
|  Fast Retailing Co. Ltd. | 800 | 246048 |
|  Home Depot, Inc. (The) | 4828 | 1774338 |
|  Industria de Diseno Textil SA | 5279 | 252482 |
|  Lowe's Cos., Inc. | 4100 | 916637 |
|  O'Reilly Automotive, Inc.\* | 11177 | 1098923 |
|  Ross Stores, Inc. | 1704 | 232664 |
|  TJX Cos., Inc. (The) | 13176 | 1640807 |
|  Tractor Supply Co. | 7000 | 398650 |
|  |  | 7314225 |
|  ***Textiles, Apparel & Luxury Goods (0.2%)*** |  |  |
|  adidas AG | 1662 | 318736 |
|  Hermes International SCA | 84 | 206197 |
|  |  | 524933 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Discretionary** |  | 24348041 |
|  **Consumer Staples (10.1%)** |  |  |
|  ***Beverages (2.3%)*** |  |  |
|  Anheuser-Busch InBev SA/NV | 7233 | 424271 |
|  Coca-Cola Co. (The) | 25766 | 1749254 |
|  Keurig Dr Pepper, Inc. | 11401 | 372242 |
|  Kirin Holdings Co. Ltd. | 15700 | 208119 |
|  Monster Beverage Corp.\* | 4641 | 272659 |
|  PepsiCo, Inc. | 17114 | 2360363 |
|  |  | 5386908 |
|  ***Consumer Staples Distribution & Retail (3.0%)*** |  |  |
|  Coles Group Ltd. | 16046 | 213870 |
|  Costco Wholesale Corp. | 2721 | 2556760 |
|  Empire Co. Ltd., Class A | 9205 | 366579 |
|  George Weston Ltd. | 2100 | 399039 |
|  Koninklijke Ahold Delhaize NV | 14652 | 578542 |
|  Kroger Co. (The) | 4778 | 334938 |
|  Loblaw Cos. Ltd. | 2300 | 371941 |
|  Seven & i Holdings Co. Ltd. | 18500 | 244990 |
|  Sysco Corp. | 2990 | 238004 |
|  Walmart, Inc. | 12975 | 1271291 |
|  Woolworths Group Ltd. | 18481 | 374238 |
|  |  | 6950192 |
|  ***Food Products (1.4%)*** |  |  |
|  Chocoladefabriken Lindt & Spruengli AG | 24 | 353980 |
|  Danone SA | 5704 | 467896 |
|  Hershey Co. (The) | 3500 | 651455 |
|  McCormick & Co., Inc. (Non-Voting) | 3756 | 265286 |
|  Mondelez International, Inc., Class A | 15006 | 970738 |
|  Nestle SA (Registered) | 6870 | 601363 |
|  |  | 3310718 |
|  ***Household Products (2.4%)*** |  |  |
|  Church & Dwight Co., Inc. | 4952 | 464349 |
|  Colgate-Palmolive Co. | 18509 | 1551979 |
|  Essity AB, Class B | 9638 | 237769 |
|  Henkel AG & Co. KGaA (Preference)(q) | 7013 | 540859 |
|  Kimberly-Clark Corp. | 7964 | 992474 |
|  Procter & Gamble Co. (The) | 12315 | 1853038 |
|  |  | 5640468 |
|  ***Personal Care Products (1.0%)*** |  |  |
|  Beiersdorf AG | 5232 | 650813 |
|  Kao Corp. | 14300 | 645776 |
|  L'Oreal SA | 776 | 344797 |
|  Unilever plc | 5289 | 307895 |
|  Unilever plc (Cboe Europe) | 4078 | 238275 |
|  |  | 2187556 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Staples** |  | 23475842 |
|  **Energy (1.5%)** |  |  |
|  ***Energy Equipment & Services (0.1%)*** |  |  |
|  Baker Hughes Co. | 6002 | 270390 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 SMARTBETA EQUITY FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br>Shares** | **Value<br>(Note 1)** |
|  ***Oil, Gas & Consumable Fuels (1.4%)*** |  |  |
|  Cheniere Energy, Inc. | 1250 | $294850 |
|  Enbridge, Inc. | 23766 | 1076297 |
|  Equinor ASA | 26389 | 683291 |
|  Idemitsu Kosan Co. Ltd. | 47300 | 303874 |
|  TC Energy Corp. | 9944 | 474809 |
|  TotalEnergies SE | 4294 | 254914 |
|  |  | 3088035 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** |  | 3358425 |
|  **Financials (20.3%)** |  |  |
|  ***Banks (4.6%)*** |  |  |
|  Bank of Montreal | 2662 | 293827 |
|  Bank of Nova Scotia (The) | 19316 | 1074676 |
|  Canadian Imperial Bank of Commerce | 14014 | 1001592 |
|  DBS Group Holdings Ltd. | 12100 | 446481 |
|  DNB Bank ASA | 18395 | 466694 |
|  Intesa Sanpaolo SpA | 49447 | 298791 |
|  JPMorgan Chase & Co. | 4341 | 1285978 |
|  National Bank of Canada | 4142 | 430850 |
|  Nordea Bank Abp (Aquis Stock Exchange) | 23265 | 339840 |
|  Nordea Bank Abp (Turquoise Stock Exchange) | 13972 | 204101 |
|  Oversea-Chinese Banking Corp. Ltd. | 22500 | 292341 |
|  Royal Bank of Canada(x) | 16594 | 2129220 |
|  Sumitomo Mitsui Financial Group, Inc. | 9000 | 230073 |
|  Toronto-Dominion Bank (The) | 18501 | 1347518 |
|  United Overseas Bank Ltd. | 27600 | 769288 |
|  |  | 10611270 |
|  ***Capital Markets (3.8%)*** |  |  |
|  Ameriprise Financial, Inc. | 1500 | 777285 |
|  Bank of New York Mellon Corp. (The) | 7700 | 781165 |
|  Cboe Global Markets, Inc. | 3189 | 768677 |
|  CME Group, Inc. | 5581 | 1553081 |
|  Daiwa Securities Group, Inc. | 33000 | 231306 |
|  Deutsche Boerse AG | 3831 | 1110909 |
|  FactSet Research Systems, Inc. | 567 | 228444 |
|  Intercontinental Exchange, Inc. | 6366 | 1176628 |
|  Moody's Corp. | 1075 | 554410 |
|  MSCI, Inc. | 459 | 257664 |
|  Nasdaq, Inc. | 2598 | 249980 |
|  S&P Global, Inc. | 1468 | 809015 |
|  TMX Group Ltd. | 9500 | 386280 |
|  |  | 8884844 |
|  ***Consumer Finance (0.2%)*** |  |  |
|  American Express Co. | 1685 | 504337 |
|  ***Financial Services (3.7%)*** |  |  |
|  Berkshire Hathaway, Inc., Class B\* | 3523 | 1662433 |
|  Fiserv, Inc.\* | 3739 | 519497 |
|  Jack Henry & Associates, Inc. | 1472 | 249968 |
|  Mastercard, Inc., Class A | 5279 | 2990395 |
|  Visa, Inc., Class A | 9578 | 3308912 |
|  |  | 8731205 |
|  ***Insurance (8.0%)*** |  |  |
|  Aflac, Inc. | 5945 | 590695 |
|  Allianz SE (Registered) | 3381 | 1339635 |
|  Allstate Corp. (The) | 2843 | 577840 |
|  Aon plc, Class A | 2200 | 782562 |
|  Chubb Ltd. | 4653 | 1237884 |
|  Dai-ichi Life Holdings, Inc. | 29900 | 238625 |
|  Generali | 20746 | 774657 |
|  Great-West Lifeco, Inc. | 7112 | 267059 |
|  Hannover Rueck SE | 1052 | 319824 |
|  Hartford Insurance Group, Inc. (The) | 2600 | 323414 |
|  Insurance Australia Group Ltd. | 58770 | 331230 |
|  Intact Financial Corp. | 4371 | 903475 |
|  Loews Corp. | 5300 | 479862 |
|  Marsh & McLennan Cos., Inc. | 7000 | 1394400 |
|  MS&AD Insurance Group Holdings, Inc. | 10300 | 221573 |
|  Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered) | 1758 | 1154786 |
|  NN Group NV | 7846 | 529710 |
|  Progressive Corp. (The) | 5411 | 1309678 |
|  QBE Insurance Group Ltd. | 33610 | 501108 |
|  Sampo OYJ, Class A | 52575 | 564947 |
|  Sompo Holdings, Inc. | 10600 | 314345 |
|  Sun Life Financial, Inc. | 10300 | 627991 |
|  Suncorp Group Ltd. | 15936 | 214657 |
|  Swiss Life Holding AG (Registered) | 226 | 235335 |
|  Swiss Re AG | 2453 | 441676 |
|  Tokio Marine Holdings, Inc. | 9600 | 389857 |
|  Travelers Cos., Inc. (The) | 3552 | 924372 |
|  W.R. Berkley Corp. | 5400 | 371574 |
|  Willis Towers Watson plc | 818 | 258333 |
|  Zurich Insurance Group AG | 1542 | 1056666 |
|  |  | 18677770 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** |  | 47409426 |
|  **Health Care (7.8%)** |  |  |
|  ***Biotechnology (0.5%)*** |  |  |
|  AbbVie, Inc. | 1312 | 247994 |
|  Amgen, Inc. | 1023 | 301887 |
|  Gilead Sciences, Inc. | 6013 | 675200 |
|  |  | 1225081 |
|  ***Health Care Equipment & Supplies (2.6%)*** |  |  |
|  Abbott Laboratories | 13267 | 1674163 |
|  Becton Dickinson & Co. | 3000 | 534750 |
|  Boston Scientific Corp.\* | 13634 | 1430479 |
|  Hoya Corp. | 2000 | 254377 |
|  IDEXX Laboratories, Inc.\* | 562 | 300282 |
|  Medtronic plc | 9934 | 896444 |
|  ResMed, Inc. | 1085 | 295055 |
|  Stryker Corp. | 2001 | 785853 |
|  |  | 6171403 |
|  ***Health Care Providers & Services (0.9%)*** |  |  |
|  Cardinal Health, Inc. | 2372 | 368182 |
|  Cencora, Inc. | 2200 | 629376 |
|  Cigna Group (The) | 1732 | 463102 |
|  Fresenius SE & Co. KGaA | 4412 | 211368 |
|  HCA Healthcare, Inc. | 1091 | 386203 |
|  |  | 2058231 |
|  ***Health Care Technology (0.3%)*** |  |  |
|  Veeva Systems, Inc., Class A\* | 2262 | 642860 |
|  ***Life Sciences Tools & Services (0.4%)*** |  |  |
|  Agilent Technologies, Inc. | 2904 | 333408 |
|  Mettler-Toledo International, Inc.\* | 231 | 284980 |
|  Thermo Fisher Scientific, Inc. | 651 | 304460 |
|  |  | 922848 |
|  ***Pharmaceuticals (3.1%)*** |  |  |
|  Bristol-Myers Squibb Co. | 11794 | 510798 |
|  Eli Lilly & Co. | 990 | 732669 |
|  Johnson & Johnson | 12263 | 2020207 |
|  Merck & Co., Inc. | 3006 | 234829 |
|  Novartis AG (Registered) | 10826 | 1255403 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 SMARTBETA EQUITY FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br>Shares** | **Value<br>(Note 1)** |
|  Novo Nordisk A/S (ADR) | 3753 | $176654 |
|  Otsuka Holdings Co. Ltd. | 4600 | 222770 |
|  Roche Holding AG | 1660 | 525437 |
|  Sanofi SA | 4752 | 427548 |
|  Shionogi & Co. Ltd. | 12900 | 217794 |
|  Zoetis, Inc. | 5625 | 820069 |
|  |  | 7144178 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Health Care** |  | 18164601 |
|  **Industrials (14.4%)** |  |  |
|  ***Aerospace & Defense (2.5%)*** |  |  |
|  GE Aerospace | 6651 | 1802953 |
|  General Dynamics Corp. | 3307 | 1030494 |
|  Howmet Aerospace, Inc. | 2520 | 453021 |
|  L3Harris Technologies, Inc. | 1095 | 300928 |
|  Lockheed Martin Corp. | 1158 | 487495 |
|  Northrop Grumman Corp. | 894 | 515489 |
|  RTX Corp. | 3453 | 544089 |
|  Singapore Technologies Engineering Ltd. | 69900 | 472137 |
|  Thales SA | 847 | 227924 |
|  |  | 5834530 |
|  ***Air Freight & Logistics (0.3%)*** |  |  |
|  Expeditors International of Washington, Inc. | 4800 | 557952 |
|  United Parcel Service, Inc., Class B | 2762 | 237974 |
|  |  | 795926 |
|  ***Building Products (1.1%)*** |  |  |
|  Allegion plc | 5500 | 912560 |
|  Geberit AG (Registered) | 619 | 475538 |
|  Trane Technologies plc | 2751 | 1205158 |
|  |  | 2593256 |
|  ***Commercial Services & Supplies (1.4%)*** |  |  |
|  Brambles Ltd. | 40979 | 629673 |
|  Cintas Corp. | 4715 | 1049323 |
|  Copart, Inc.\* | 10314 | 467534 |
|  Republic Services, Inc. | 3877 | 894230 |
|  Secom Co. Ltd. | 7600 | 272955 |
|  |  | 3313715 |
|  ***Construction & Engineering (0.5%)*** |  |  |
|  EMCOR Group, Inc. | 366 | 229662 |
|  Stantec, Inc. | 3784 | 413629 |
|  WSP Global, Inc. | 2894 | 595885 |
|  |  | 1239176 |
|  ***Electrical Equipment (0.8%)*** |  |  |
|  ABB Ltd. (Registered) | 10619 | 699697 |
|  Eaton Corp. plc | 3080 | 1184938 |
|  |  | 1884635 |
|  ***Ground Transportation (0.5%)*** |  |  |
|  Central Japan Railway Co. | 10500 | 244466 |
|  Union Pacific Corp. | 3424 | 760025 |
|  West Japan Railway Co. | 10100 | 222428 |
|  |  | 1226919 |
|  ***Industrial Conglomerates (0.5%)*** |  |  |
|  Honeywell International, Inc. | 2051 | 456040 |
|  Siemens AG (Registered) | 2531 | 649596 |
|  |  | 1105636 |
|  ***Machinery (3.2%)*** |  |  |
|  Atlas Copco AB, Class A | 35680 | 544535 |
|  Caterpillar, Inc. | 2584 | 1131844 |
|  Epiroc AB, Class A | 13403 | 273215 |
|  FANUC Corp. | 9600 | 271894 |
|  GEA Group AG | 5420 | 390293 |
|  Illinois Tool Works, Inc. | 4800 | 1228656 |
|  Komatsu Ltd. | 9600 | 309708 |
|  Kone OYJ, Class B | 4544 | 279712 |
|  Otis Worldwide Corp. | 7848 | 672495 |
|  Parker-Hannifin Corp. | 898 | 657246 |
|  Pentair plc | 5900 | 602980 |
|  Snap-on, Inc. | 1600 | 513904 |
|  Volvo AB, Class B | 22816 | 655398 |
|  |  | 7531880 |
|  ***Marine Transportation (0.1%)*** |  |  |
|  Kuehne + Nagel International AG (Registered)(x) | 1085 | 222076 |
|  ***Passenger Airlines (0.1%)*** |  |  |
|  ANA Holdings, Inc. | 11800 | 219724 |
|  ***Professional Services (2.3%)*** |  |  |
|  Automatic Data Processing, Inc. | 3643 | 1127508 |
|  Broadridge Financial Solutions, Inc. | 2400 | 594024 |
|  Leidos Holdings, Inc. | 2034 | 324728 |
|  Paychex, Inc. | 4091 | 590454 |
|  RELX plc | 5697 | 296135 |
|  Thomson Reuters Corp. | 4474 | 897900 |
|  Verisk Analytics, Inc. | 2496 | 695660 |
|  Wolters Kluwer NV | 4833 | 753958 |
|  |  | 5280367 |
|  ***Trading Companies & Distributors (1.1%)*** |  |  |
|  Fastenal Co. | 24884 | 1147899 |
|  ITOCHU Corp. | 9500 | 499758 |
|  W.W. Grainger, Inc. | 800 | 831632 |
|  |  | 2479289 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Industrials** |  | 33727129 |
|  **Information Technology (21.0%)** |  |  |
|  ***Communications Equipment (1.2%)*** |  |  |
|  Cisco Systems, Inc. | 24114 | 1641681 |
|  Motorola Solutions, Inc. | 2700 | 1185246 |
|  |  | 2826927 |
|  ***Electronic Equipment, Instruments & Components (0.8%)*** |  |  |
|  Amphenol Corp., Class A | 9437 | 1005135 |
|  CDW Corp. | 1993 | 347539 |
|  TE Connectivity plc | 2800 | 576100 |
|  |  | 1928774 |
|  ***IT Services (1.4%)*** |  |  |
|  Accenture plc, Class A | 4060 | 1084426 |
|  CGI, Inc. | 7409 | 714271 |
|  Fujitsu Ltd. | 15600 | 341896 |
|  Gartner, Inc.\* | 900 | 304785 |
|  International Business Machines Corp. | 1747 | 442253 |
|  VeriSign, Inc. | 1395 | 375074 |
|  |  | 3262705 |
|  ***Semiconductors & Semiconductor Equipment (6.1%)*** |  |  |
|  Broadcom, Inc. | 9290 | 2728473 |
|  NVIDIA Corp. | 58711 | 10442926 |
|  QUALCOMM, Inc. | 7120 | 1044931 |
|  |  | 14216330 |
|  ***Software (7.4%)*** |  |  |
|  Autodesk, Inc.\* | 1948 | 590458 |
|  Constellation Software, Inc. | 238 | 821093 |
|  Dassault Systemes SE | 7350 | 242324 |
|  Fair Isaac Corp.\* | 200 | 287344 |
|  Intuit, Inc. | 591 | 464012 |
|  Microsoft Corp. | 20945 | 11174158 |
|  Oracle Corp. | 6669 | 1692392 |
|  Palo Alto Networks, Inc.\* | 3360 | 583296 |
|  Roper Technologies, Inc. | 1600 | 880640 |
|  Salesforce, Inc. | 1950 | 503744 |
|  |  | 17239461 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 SMARTBETA EQUITY FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br>Shares** | **Value<br>(Note 1)** |
|  ***Technology Hardware, Storage & Peripherals (4.1%)*** |  |  |
|  Apple, Inc. | 44981 | $9336706 |
|  NetApp, Inc. | 2900 | 301977 |
|  |  | 9638683 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Information Technology** |  | 49112880 |
|  **Materials (2.3%)** |  |  |
|  ***Chemicals (2.1%)*** |  |  |
|  Air Liquide SA | 1500 | 295799 |
|  Ecolab, Inc. | 4554 | 1192055 |
|  Givaudan SA (Registered) | 154 | 646715 |
|  Linde plc | 3351 | 1542331 |
|  Sherwin-Williams Co. (The) | 2900 | 959552 |
|  Symrise AG, Class A | 2583 | 234344 |
|  |  | 4870796 |
|  ***Metals & Mining (0.2%)*** |  |  |
|  Franco-Nevada Corp. | 1300 | 207084 |
|  Rio Tinto Ltd. | 4282 | 307379 |
|  |  | 514463 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Materials** |  | 5385259 |
|  **Real Estate (0.5%)** |  |  |
|  ***Real Estate Management & Development (0.1%)*** |  |  |
|  Swiss Prime Site AG (Registered) | 2427 | 336448 |
|  ***Residential REITs (0.3%)*** |  |  |
|  AvalonBay Communities, Inc. (REIT) | 2200 | 409816 |
|  Equity Residential (REIT) | 3400 | 214880 |
|  |  | 624696 |
|  ***Specialized REITs (0.1%)*** |  |  |
|  SBA Communications Corp. (REIT) | 1037 | 233035 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Real Estate** |  | 1194179 |
|  **Utilities (4.2%)** |  |  |
|  ***Electric Utilities (2.0%)*** |  |  |
|  Duke Energy Corp. | 6042 | 734949 |
|  Enel SpA | 64680 | 570795 |
|  Eversource Energy | 5043 | 333342 |
|  Exelon Corp. | 8780 | 394573 |
|  Hydro One Ltd.(m) | 13760 | 486605 |
|  Iberdrola SA | 47505 | 832436 |
|  Southern Co. (The) | 7103 | 671092 |
|  Terna - Rete Elettrica Nazionale | 58178 | 561151 |
|  |  | 4584943 |
|  ***Gas Utilities (0.6%)*** |  |  |
|  Atmos Energy Corp. | 5688 | 886873 |
|  Hong Kong & China Gas Co. Ltd. | 308000 | 275042 |
|  Osaka Gas Co. Ltd. | 8900 | 224861 |
|  |  | 1386776 |
|  ***Multi-Utilities (1.6%)*** |  |  |
|  Consolidated Edison, Inc. | 7600 | 786600 |
|  E.ON SE | 37794 | 688147 |
|  National Grid plc | 26197 | 366729 |
|  Public Service Enterprise Group, Inc. | 12100 | 1086459 |
|  Sempra | 10912 | 891292 |
|  |  | 3819227 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Utilities** |  | 9790946 |
|  **Total Common Stocks (99.0%)**<br> *(Cost $178,199,696)* |  | 231223816 |
|  | **Number of<br>Warrants** |  |
|  WARRANTS: |  |  |
|  **Information Technology (0.0%)** |  |  |
|  ***Software (0.0%)*** |  |  |
|  Constellation Software, Inc., expiring 3/31/40(r)\*<br>*(Cost $—)* | 100 |  |
|  | **Number of<br>Shares** |  |
|  SHORT-TERM INVESTMENTS: |  |  |
|  **Investment Companies (2.1%)** |  |  |
|  Invesco Government & Agency Portfolio, Institutional Shares 4.25% (7 day yield) (xx) | 2234701 | 2234701 |
|  JPMorgan Prime Money Market Fund, IM Shares 4.46% (7 day yield) | 2676096 | 2676364 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Investment Companies** |  | 4911065 |
|  **Total Short-Term Investments (2.1%)**<br> *(Cost $4,911,312)* |  | 4911065 |
|  **Total Investments in Securities (101.1%)**<br> *(Cost $183,111,008)* |  | 236134881 |
|  **Other Assets Less Liabilities (-1.1%)** |  | (2479356) |
|  **Net Assets (100%)** |  | $233655525 |

---

*\** *Non-income producing.* 

*(m)* *Regulation S is an exemption for securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States. Resale restrictions may apply for purposes of the Securities Act of 1933. At July 31, 2025, the market value or fair value, as applicable, of these securities amounted to $486,605 or 0.2% of net assets.* 

*(q)* *Preference Shares are a special type of equity investment that shares in the earnings of the company, has limited voting rights, and receives a greater dividend than applicable Common Shares.* 

*(r)* *Fair value determined using significant unobservable inputs.* 

*(x)* *All or a portion of security is on loan at July 31, 2025.* 

*(xx)* *At July 31, 2025, the Fund had loaned securities with a total value of $2,110,234. This was collateralized by cash of $2,234,701 which was subsequently invested in investment companies.* 

*Glossary:* 

*ADR — American Depositary Receipt* 

*REIT — Real Estate Investment Trust* 

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

1290 SMARTBETA EQUITY FUND

PORTFOLIO OF INVESTMENTS (Continued)

July 31, 2025 (Unaudited)

The following is a summary of the inputs, summarized in three broad levels, used to value the Fund's assets and liabilities carried at fair value as of July 31, 2025:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type** | **Level 1<br>Quoted Prices in Active<br>Markets for Identical<br>Securities** | **Level 2<br>Significant Other<br>Observable Inputs<br>(including quoted prices<br>for similar securities,<br>interest rates,<br>prepayment speeds,<br>credit risk, etc.)** | **Level 3<br>Significant Unobservable<br>Inputs (including the<br>Fund's own<br>assumptions in<br>determining the fair<br>value of investments)** | **Total** |
|  **Assets:** |  |  |  |  |
|  **Common Stocks** |  |  |  |  |
|  Communication Services | $12306256 | $2950832 | $— | $15257088 |
|  Consumer Discretionary | 20639987 | 3708054 |  | 24348041 |
|  Consumer Staples | 17042389 | 6433453 |  | 23475842 |
|  Energy | 2116346 | 1242079 |  | 3358425 |
|  Financials | 34390971 | 13018455 |  | 47409426 |
|  Health Care | 15049904 | 3114697 |  | 18164601 |
|  Industrials | 25116309 | 8610820 |  | 33727129 |
|  Information Technology | 48528660 | 584220 |  | 49112880 |
|  Materials | 3901022 | 1484237 |  | 5385259 |
|  Real Estate | 857731 | 336448 |  | 1194179 |
|  Utilities | 6271785 | 3519161 |  | 9790946 |
|  **Short-Term Investments** |  |  |  |  |
|  Investment Companies | 4911065 |  |  | 4911065 |
|  **Warrants** |  |  |  |  |
|  Information Technology |  |  | — (a) | — (a) |
|  **Total Assets** | $**191132425** | $**45002456** | $**—** | $**236134881** |
|  **Total Liabilities** | $**—** | $**—** | $**—** | $**—** |
|  **Total** | $**191132425** | $**45002456** | $**—** | $**236134881** |

---

*(a)* *Value is zero.* 

As of July 31, 2025, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments in securities and derivative instruments, if applicable, for Federal income tax purposes was as follows:

---

| | |
|:---|:---|
|  Aggregate gross unrealized appreciation | $56683694 |
|  Aggregate gross unrealized depreciation | (4033604) |
|  Net unrealized appreciation | $52650090 |
|  Federal income tax cost of investments in securities and derivative instruments, if applicable | $183484791 |

---

See Notes to Portfolio of Investments.

------

**1290 FUNDS** 

NOTES TO PORTFOLIO OF INVESTMENTS

July 31, 2025 (Unaudited)

Note 1 Valuation

The Board of Trustees (the "Board") of the 1290 Funds (the "Trust") is primarily responsible for overseeing that appropriate valuation methods are used to price securities and other investments for each series (each, a "Fund" and collectively, the "Funds") of the Trust. Section 2(a)(41) of the Investment Company Act of 1940, as amended (the "1940 Act"), requires funds to value their portfolio investments using: (i) the market value of their portfolio securities when market quotations are "readily available" and (ii) the investment's fair value, as determined in good faith by the Board, when a market quotation for a portfolio security is not readily available or if the investment is not a security. Rule 2a-5 under the 1940 Act ("Rule 2a-5") permits the Board to designate a "valuation designee" to perform the fair value determinations for any and all Fund investments, subject to Board oversight and certain other requirements designed to facilitate the Board's ability to effectively oversee fair value determinations. Pursuant to Rule 2a-5, the Board designated Equitable Investment Management, LLC, the Trust's investment adviser (the "Adviser"), as the Funds' valuation designee. As the Funds' valuation designee, the Adviser is responsible for determining fair value in good faith for any and all Fund investments. The Adviser has adopted pricing procedures ("Pricing Procedures") to establish methods for valuing portfolio securities and other investments held by the Trust and its respective Funds, in accordance with Section 2(a)(41) of the 1940 Act and Rule 2a-5. The Board has delegated the responsibility of calculating the net asset values ("NAVs") of each of the Trust's Funds and classes pursuant to these Pricing Procedures to the Trust's administrator, Equitable Investment Management, LLC (the "Administrator"). The Administrator has entered into a sub-administration agreement with JPMorgan Chase Bank, N.A. (the "Sub-Administrator"), to assist in performing certain duties, including the calculation of the Funds' NAVs. The valuation designee has established a valuation committee (the "Committee") with day-to-day responsibility for, among other things, determining when market values for assets held by the Trust are not readily available, determining the fair value of any such asset and making the actual calculation of the fair value of any such asset in accordance with the Pricing Procedures. The Committee is comprised of senior employees from the Adviser.

Due to the inherent uncertainty of the valuation of securities for which market quotations are not readily available, the fair value of such securities may differ significantly from the values that would have been used had a ready market for such securities existed.

Various inputs are used in determining the value of each Fund's assets or liabilities carried at fair value. These inputs are summarized in three broad levels below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - quoted prices in active markets for identical assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - other significant observable inputs (including quoted prices of similar securities, interest rates,
prepayment speeds, credit risk, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair
value of investments)

A summary of inputs used to value each Fund's assets and liabilities carried at fair value as of July 31, 2025, is included in the Portfolio of Investments for each Fund. Changes in valuation techniques may result in transfers in or out of an investment's assigned level.

Transfers into and transfers out of Level 3, are included in the Level 3 reconciliation following the Portfolio of Investments for each Fund, if any. Transfers between levels may be due to a decline, or an increase, in market activity (e.g., frequency of trades), which may result in a lack of, or increase in, available observable market inputs to determine price.

The inputs or methodology used to fair value securities are not necessarily an indication of the risk associated with investing in those securities. An investment's level within the fair value hierarchy is based on the lowest level of any input, both individually and in the aggregate, that is significant to the fair value measurement.

The Committee has the ability to meet and review reports based on the valuation techniques used to fair value Level 3 securities. As part of a review, the Committee would consider obtaining updates from its pricing vendors and Sub-Advisers for fair valued securities. For example, with respect to model driven prices, the Committee could receive reports regarding a review and recalculation of pricing models and related discounts. For those securities which are valued based on broker quotes, the Committee may evaluate variances between existing broker quotes and any alternative broker quotes provided by a Sub-Adviser or other pricing source.

To substantiate unobservable inputs used in a fair valuation, the Committee may perform an independent verification as well as additional research for fair value notifications received from the pricing agents. Among other factors, particular areas of focus may include: description of security, historical pricing, intra-day price movement, last trade information, corporate actions, related securities, any available company news and announcements, any available trade data or other information. The Committee also notes the materiality of holdings and price changes on a Fund's NAV.

The Committee reviews and considers changes in value for all fair valued securities that have occurred since the last review.

Events or circumstances affecting the values of Fund securities that occur between the closing of their principal markets and the time the NAV is determined may be reflected in the Trust's calculation of a NAV for each applicable Fund when the Committee deems that the particular event or circumstance would materially affect such Fund's NAV.

------

**1290 FUNDS** 

NOTES TO PORTFOLIO OF INVESTMENTS (Concluded)

July 31, 2025 (Unaudited)

Accounting for Derivative Instruments:

Derivatives accounted for as hedging instruments must be disclosed separately from those that do not qualify for hedge accounting. Even though the Funds may use derivatives in an attempt to achieve an economic hedge, the Fund's derivatives are not accounted for as hedging instruments because the Funds account for their derivatives at fair value and record any changes in fair value in current period earnings. All open derivative positions at period end are reflected on each respective Fund's Portfolio of Investments.

For more information on each Fund's policy regarding valuation of investments and other significant accounting policies, please refer to a Fund's most recent semi-annual or annual report.

## 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 SmartBeta Equity Fund

- **b. EDGAR series identifier (if any):** S000045912

- **c. LEI of Series:** 549300QX3XGSQC885C58

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

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

- **b. Date as of which information is reported:** 2025-07-31

**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:** $236154638.44

**Total Liabilities:** $2530567.72

**Net Assets:** $233624070.72

**Cash Not Reported:** $429838.32

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000143087 | 4.22%                | 2.05%                | 0.05%                |
| Class ID C000143088 | 4.26%                | 2.09%                | 0.05%                |
| Class ID C000143086 | 4.30%                | 2.04%                | 0.10%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1239015.76              | $7568586.64                                |
| Month 2  | $963855.15               | $3538730.27                                |
| Month 3  | $23808.54                | $119011.27                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Intercontinental Exchange, Inc.               | Intercontinental Exchange, Inc.                                        | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      6366 | NS      | $1176627.78   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Thomson Reuters Corp.                         | Thomson Reuters Corp.                                                  | CUSIP: 884903808<br>LEI: 549300561UZND4C7B569 | Long             | EC               | CORP              | CA        |      4474 | NS      | $897899.77    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                  | Oracle Corp.                                                           | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      6669 | NS      | $1692392.13   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Canada                       | National Bank of Canada                                                | CUSIP: 633067103<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | EC               | CORP              | CA        |      4142 | NS      | $430850.51    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp. plc                               | Eaton Corp. plc                                                        | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |      3080 | NS      | $1184937.60   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp.                        | Monster Beverage Corp.                                                 | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |      4641 | NS      | $272658.75    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                                | Alphabet, Inc., Class A                                                | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     26897 | NS      | $5161534.30   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Idemitsu Kosan Co. Ltd.                       | Idemitsu Kosan Co. Ltd.                                                | CUSIP: N/A<br>LEI: 549300P0R46FF6DUA630       | Long             | EC               | CORP              | JP        |     47300 | NS      | $303874.27    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Expeditors International of Washington, Inc.  | Expeditors International of Washington, Inc.                           | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |      4800 | NS      | $557952.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart, Inc.                                 | Walmart, Inc.                                                          | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     12975 | NS      | $1271290.50   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group, Inc.                               | CME Group, Inc.                                                        | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      5581 | NS      | $1553080.68   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp.                                | Amphenol Corp., Class A                                                | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      9437 | NS      | $1005134.87   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corp.                                   | Loews Corp.                                                            | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |      5300 | NS      | $479862.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd.                                    | Chubb Ltd.                                                             | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |      4653 | NS      | $1237884.12   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft AG | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered) | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |      1758 | NS      | $1154785.76   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto Ltd.                                | Rio Tinto Ltd.                                                         | CUSIP: N/A<br>LEI: 529900X2VMAQT2PE0V24       | Long             | EC               | CORP              | AU        |      4282 | NS      | $307379.11    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp.                                  | NVIDIA Corp.                                                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     65471 | NS      | $11645326.77  | 4.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                              | Amazon.com, Inc.                                                       | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     21886 | NS      | $5123731.46   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings, Inc.               | Hilton Worldwide Holdings, Inc.                                        | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |       904 | NS      | $242344.32    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Symrise AG                                    | Symrise AG, Class A                                                    | CUSIP: N/A<br>LEI: 529900D82I6R9601CF26       | Long             | EC               | CORP              | DE        |      2583 | NS      | $234343.71    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp.                        | Northrop Grumman Corp.                                                 | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |       894 | NS      | $515489.34    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| NN Group NV                                   | NN Group NV                                                            | CUSIP: N/A<br>LEI: 724500OHYNDT9OY6Q215       | Long             | EC               | CORP              | NL        |      7846 | NS      | $529710.07    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncorp Group Ltd.                            | Suncorp Group Ltd.                                                     | CUSIP: N/A<br>LEI: 549300BVOKRTHDIWVT46       | Long             | EC               | CORP              | AU        |     15936 | NS      | $214657.03    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                   | Toronto-Dominion Bank (The)                                            | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |     18501 | NS      | $1347517.98   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co.                      | Bristol-Myers Squibb Co.                                               | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     11794 | NS      | $510798.14    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sampo OYJ                                     | Sampo OYJ, Class A                                                     | CUSIP: N/A<br>LEI: 743700UF3RL386WIDA22       | Long             | EC               | CORP              | FI        |     52575 | NS      | $564946.72    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Eli Lilly & Co.                               | Eli Lilly & Co.                                                        | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       990 | NS      | $732669.30    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco AB                                | Atlas Copco AB, Class A                                                | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |     35680 | NS      | $544535.28    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Stryker Corp.                                 | Stryker Corp.                                                          | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      2001 | NS      | $785852.73    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace, Inc.                        | Howmet Aerospace, Inc.                                                 | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      1303 | NS      | $234240.31    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp.                       | Boston Scientific Corp.                                                | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     13634 | NS      | $1430479.28   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit, Inc.                                  | Intuit, Inc.                                                           | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       591 | NS      | $464011.83    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.         | International Business Machines Corp.                                  | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      1747 | NS      | $442253.05    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong & China Gas Co. Ltd.                | Hong Kong & China Gas Co. Ltd.                                         | CUSIP: N/A<br>LEI: 254900P7BETXGC7YU827       | Long             | EC               | CORP              | HK        |    308000 | NS      | $275042.04    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Danone SA                                     | Danone SA                                                              | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |      5704 | NS      | $467896.02    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                     | Sanofi SA                                                              | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |      4752 | NS      | $427547.93    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Oversea-Chinese Banking Corp. Ltd.            | Oversea-Chinese Banking Corp. Ltd.                                     | CUSIP: N/A<br>LEI: 5493007O3QFXCPOGWK22       | Long             | EC               | CORP              | SG        |     22500 | NS      | $292340.57    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| SBA Communications Corp.                      | SBA Communications Corp.                                               | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |      1037 | NS      | $233034.64    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                       | Republic Services, Inc.                                                | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      3877 | NS      | $894230.05    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Brambles Ltd.                                 | Brambles Ltd.                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     40979 | NS      | $629673.54    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Mettler-Toledo International, Inc.            | Mettler-Toledo International, Inc.                                     | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |       231 | NS      | $284980.08    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                                   | Apple, Inc.                                                            | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     44981 | NS      | $9336706.17   | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed, Inc.                                  | ResMed, Inc.                                                           | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      1085 | NS      | $295054.90    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp.                                 | Moody's Corp.                                                          | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      1075 | NS      | $554409.75    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.               | Automatic Data Processing, Inc.                                        | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      3643 | NS      | $1127508.50   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv, Inc.                                  | Fiserv, Inc.                                                           | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      3739 | NS      | $519496.66    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirin Holdings Co. Ltd.                       | Kirin Holdings Co. Ltd.                                                | CUSIP: 497350108<br>LEI: 353800GBVL72LLMTYM96 | Long             | EC               | CORP              | JP        |     15700 | NS      | $208118.70    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Komatsu Ltd.                                  | Komatsu Ltd.                                                           | CUSIP: N/A<br>LEI: 5493004LQ0B4T7QPQV17       | Long             | EC               | CORP              | JP        |      9600 | NS      | $309708.22    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| adidas AG                                     | adidas AG                                                              | CUSIP: N/A<br>LEI: 549300JSX0Z4CW0V5023       | Long             | EC               | CORP              | DE        |      1662 | NS      | $318736.13    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Dai-ichi Life Holdings, Inc.                  | Dai-ichi Life Holdings, Inc.                                           | CUSIP: N/A<br>LEI: 549300ZUFXI7JXZVTZ25       | Long             | EC               | CORP              | JP        |     29900 | NS      | $238625.00    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Jack Henry & Associates, Inc.                 | Jack Henry & Associates, Inc.                                          | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      1472 | NS      | $249967.68    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse AG                            | Deutsche Boerse AG                                                     | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               | CORP              | DE        |      3831 | NS      | $1110909.24   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Fair Isaac Corp.                              | Fair Isaac Corp.                                                       | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |       200 | NS      | $287344.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner, Inc.                                 | Gartner, Inc.                                                          | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |       900 | NS      | $304785.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy, Inc.                         | Cheniere Energy, Inc.                                                  | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      1250 | NS      | $294850.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | Constellation Software, Inc.                                           | CUSIP: 21037X134<br>LEI: N/A                  | N/A              | DO               |  | CA        |       100 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Ross Stores, Inc.                             | Ross Stores, Inc.                                                      | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      1704 | NS      | $232664.16    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on, Inc.                                 | Snap-on, Inc.                                                          | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |      1600 | NS      | $513904.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co.                          | American Express Co.                                                   | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |       914 | NS      | $273569.34    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co. (The)                              | Kroger Co. (The)                                                       | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |      4778 | NS      | $334937.80    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco-Nevada Corp.                           | Franco-Nevada Corp.                                                    | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |      1300 | NS      | $207084.30    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp. (The)                          | Allstate Corp. (The)                                                   | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      2843 | NS      | $577839.75    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                             | Johnson & Johnson                                                      | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     12263 | NS      | $2020206.62   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                             | Merck & Co., Inc.                                                      | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      3006 | NS      | $234828.72    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard, Inc.                              | Mastercard, Inc., Class A                                              | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      5279 | NS      | $2990395.13   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T, Inc.                                    | AT&T, Inc.                                                             | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     14981 | NS      | $410629.21    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair plc                                   | Pentair plc                                                            | CUSIP: N/A<br>LEI: 549300EVR9D56WPSRP15       | Long             | EC               | CORP              | IE        |      5900 | NS      | $602980.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil SA                 | Industria de Diseno Textil SA                                          | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |      5279 | NS      | $252482.39    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Lottery Corp. Ltd. (The)                      | Lottery Corp. Ltd. (The)                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    111916 | NS      | $389821.67    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesla, Inc.                                   | Tesla, Inc.                                                            | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      5899 | NS      | $1818484.73   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Hydro One Ltd.                                | Hydro One Ltd.                                                         | CUSIP: 448811208<br>LEI: 5493007QZDXTP1W2VL44 | Long             | EC               | CORP              | CA        |     13760 | NS      | $486605.08    | 0.21%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Atmos Energy Corp.                            | Atmos Energy Corp.                                                     | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |      5688 | NS      | $886872.96    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Terna - Rete Elettrica Nazionale              | Terna - Rete Elettrica Nazionale                                       | CUSIP: N/A<br>LEI: 8156009E94ED54DE7C31       | Long             | EC               | CORP              | IT        |     58178 | NS      | $561151.39    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss Life Holding AG                         | Swiss Life Holding AG (Registered)                                     | CUSIP: N/A<br>LEI: 5493000KUC3Z24U77V93       | Long             | EC               | CORP              | CH        |       226 | NS      | $235334.93    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG        | Chocoladefabriken Lindt & Spruengli AG                                 | CUSIP: N/A<br>LEI: 529900JYJNNOKKAGK736       | Long             | EC               | CORP              | CH        |        24 | NS      | $353979.69    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Becton Dickinson & Co.                        | Becton Dickinson & Co.                                                 | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      3000 | NS      | $534750.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.                   | United Parcel Service, Inc., Class B                                   | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      2762 | NS      | $237973.92    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MS&AD Insurance Group Holdings, Inc.          | MS&AD Insurance Group Holdings, Inc.                                   | CUSIP: N/A<br>LEI: 529900CXROT5S2HMMP26       | Long             | EC               | CORP              | JP        |     10300 | NS      | $221572.94    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Thales SA                                     | Thales SA                                                              | CUSIP: N/A<br>LEI: 529900FNDVTQJOVVPZ19       | Long             | EC               | CORP              | FR        |       847 | NS      | $227923.43    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX plc                                      | RELX plc                                                               | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |      5697 | NS      | $296134.53    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Hartford Insurance Group, Inc. (The)          | Hartford Insurance Group, Inc. (The)                                   | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      2600 | NS      | $323414.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp. (The)                       | Progressive Corp. (The)                                                | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      5411 | NS      | $1309678.44   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke KPN NV                            | Koninklijke KPN NV                                                     | CUSIP: N/A<br>LEI: 549300YO0JZHAL7FVP81       | Long             | EC               | CORP              | NL        |    113411 | NS      | $507344.56    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Home Depot, Inc. (The)                        | Home Depot, Inc. (The)                                                 | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      4828 | NS      | $1774338.28   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| QBE Insurance Group Ltd.                      | QBE Insurance Group Ltd.                                               | CUSIP: N/A<br>LEI: 549300D2FBW76FPUSG65       | Long             | EC               | CORP              | AU        |     33610 | NS      | $501107.62    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| McCormick & Co., Inc.                         | McCormick & Co., Inc. (Non-Voting)                                     | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |      3756 | NS      | $265286.28    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Telstra Group Ltd.                            | Telstra Group Ltd.                                                     | CUSIP: N/A<br>LEI: 894500WRW54CVN62K416       | Long             | EC               | CORP              | AU        |    133153 | NS      | $425286.75    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Trane Technologies plc                        | Trane Technologies plc                                                 | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |      2751 | NS      | $1205158.08   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign, Inc.                                | VeriSign, Inc.                                                         | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      1395 | NS      | $375073.65    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Great-West Lifeco, Inc.                       | Great-West Lifeco, Inc.                                                | CUSIP: 39138C106<br>LEI: 549300X81X4VZEESFU46 | Long             | EC               | CORP              | CA        |      7112 | NS      | $267059.30    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hermes International SCA                      | Hermes International SCA                                               | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |        84 | NS      | $206196.58    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| W.W. Grainger, Inc.                           | W.W. Grainger, Inc.                                                    | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |       800 | NS      | $831632.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Nova Scotia (The)                     | Bank of Nova Scotia (The)                                              | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | EC               | CORP              | CA        |     19316 | NS      | $1074675.55   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos., Inc. (The)                    | Travelers Cos., Inc. (The)                                             | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      3552 | NS      | $924372.48    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel SpA                                      | Enel SpA                                                               | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |     64680 | NS      | $570794.51    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Church & Dwight Co., Inc.                     | Church & Dwight Co., Inc.                                              | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |      4952 | NS      | $464349.04    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill, Inc.                  | Chipotle Mexican Grill, Inc.                                           | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10000 | NS      | $428800.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Liquide SA                                | Air Liquide SA                                                         | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               | CORP              | FR        |      1500 | NS      | $295799.04    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Veeva Systems, Inc.                           | Veeva Systems, Inc., Class A                                           | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      1447 | NS      | $411237.40    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa Securities Group, Inc.                  | Daiwa Securities Group, Inc.                                           | CUSIP: N/A<br>LEI: 353800WRC7Y23PWFJG38       | Long             | EC               | CORP              | JP        |     33000 | NS      | $231306.37    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Aristocrat Leisure Ltd.                       | Aristocrat Leisure Ltd.                                                | CUSIP: N/A<br>LEI: 529900TE2HO3OZKYKC27       | Long             | EC               | CORP              | AU        |      8814 | NS      | $396728.77    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Wolters Kluwer NV                             | Wolters Kluwer NV                                                      | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |      4833 | NS      | $753957.86    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| General Dynamics Corp.                        | General Dynamics Corp.                                                 | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      3307 | NS      | $1030494.27   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Shionogi & Co. Ltd.                           | Shionogi & Co. Ltd.                                                    | CUSIP: N/A<br>LEI: 35380049VXDTHZI3DY35       | Long             | EC               | CORP              | JP        |     12900 | NS      | $217794.43    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| GEA Group AG                                  | GEA Group AG                                                           | CUSIP: N/A<br>LEI: 549300PHUU0ZZWO8EO07       | Long             | EC               | CORP              | DE        |      5420 | NS      | $390292.68    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Autodesk, Inc.                                | Autodesk, Inc.                                                         | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      1948 | NS      | $590458.28    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity plc                           | TE Connectivity plc                                                    | CUSIP: N/A<br>LEI: 6367003TB6K484NFHE54       | Long             | EC               | CORP              | IE        |      2800 | NS      | $576100.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp.                                   | Sysco Corp.                                                            | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |      2990 | NS      | $238004.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FANUC Corp.                                   | FANUC Corp.                                                            | CUSIP: N/A<br>LEI: 529900QTSW745LOKW705       | Long             | EC               | CORP              | JP        |      9600 | NS      | $271893.90    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola SA                                  | Iberdrola SA                                                           | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |     47505 | NS      | $832436.11    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Consolidated Edison, Inc.                     | Consolidated Edison, Inc.                                              | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |      7600 | NS      | $786600.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co. (The)                            | Southern Co. (The)                                                     | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      7103 | NS      | $671091.44    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI, Inc.                                    | MSCI, Inc.                                                             | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |       459 | NS      | $257664.24    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co. (The)                    | Sherwin-Williams Co. (The)                                             | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      2900 | NS      | $959552.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Fast Retailing Co. Ltd.                       | Fast Retailing Co. Ltd.                                                | CUSIP: N/A<br>LEI: 353800ZCXKHDPY0N5218       | Long             | EC               | CORP              | JP        |       800 | NS      | $246047.75    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P Global, Inc.                              | S&P Global, Inc.                                                       | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      1468 | NS      | $809014.80    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                             | Eversource Energy                                                      | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |      5043 | NS      | $333342.30    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesfarmers Ltd.                               | Wesfarmers Ltd.                                                        | CUSIP: N/A<br>LEI: 5493003L32ZX9557ST85       | Long             | EC               | CORP              | AU        |     15570 | NS      | $858019.69    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Nasdaq, Inc.                                  | Nasdaq, Inc.                                                           | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |      2598 | NS      | $249979.56    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone, Inc.                                | AutoZone, Inc.                                                         | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       200 | NS      | $753676.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp.                          | Otis Worldwide Corp.                                                   | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |      7848 | NS      | $672495.12    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants, Inc.                      | Darden Restaurants, Inc.                                               | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |      1421 | NS      | $286573.07    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Intact Financial Corp.                        | Intact Financial Corp.                                                 | CUSIP: 45823T106<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | EC               | CORP              | CA        |      4371 | NS      | $903474.60    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Hoya Corp.                                    | Hoya Corp.                                                             | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               | CORP              | JP        |      2000 | NS      | $254376.66    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                | Broadcom, Inc.                                                         | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      9290 | NS      | $2728473.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Stantec, Inc.                                 | Stantec, Inc.                                                          | CUSIP: 85472N109<br>LEI: 549300MZ7NGUZDCP2T16 | Long             | EC               | CORP              | CA        |      3784 | NS      | $413629.21    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies, Inc.                      | Roper Technologies, Inc.                                               | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      1600 | NS      | $880640.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Osaka Gas Co. Ltd.                            | Osaka Gas Co. Ltd.                                                     | CUSIP: N/A<br>LEI: 353800024KMNOPQRWZ02       | Long             | EC               | CORP              | JP        |      8900 | NS      | $224860.74    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| ABB Ltd.                                      | ABB Ltd. (Registered)                                                  | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               | CORP              | CH        |     10619 | NS      | $699696.99    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Abbott Laboratories                           | Abbott Laboratories                                                    | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     13267 | NS      | $1674162.73   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Kao Corp.                                     | Kao Corp.                                                              | CUSIP: N/A<br>LEI: 353800HM38HFCB8RGL63       | Long             | EC               | CORP              | JP        |     14300 | NS      | $645775.86    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Meta Platforms, Inc.                          | Meta Platforms, Inc., Class A                                          | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      4230 | NS      | $3271651.20   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic plc                                 | Medtronic plc                                                          | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |      9934 | NS      | $896444.16    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                 | Koninklijke Ahold Delhaize NV                                          | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |     14652 | NS      | $578541.84    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Costco Wholesale Corp.                        | Costco Wholesale Corp.                                                 | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      2721 | NS      | $2556760.44   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Loblaw Cos. Ltd.                              | Loblaw Cos. Ltd.                                                       | CUSIP: 539481101<br>LEI: 5493008LN3O1DIDTSH67 | Long             | EC               | CORP              | CA        |      2300 | NS      | $371940.68    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Swisscom AG                                   | Swisscom AG (Registered)                                               | CUSIP: N/A<br>LEI: 5493005SL9HHOXS3B739       | Long             | EC               | CORP              | CH        |       387 | NS      | $269434.90    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Aon plc                                       | Aon plc, Class A                                                       | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | IE        |      2200 | NS      | $782562.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson plc                      | Willis Towers Watson plc                                               | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | Long             | EC               | CORP              | IE        |       818 | NS      | $258332.58    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Quebecor, Inc.                                | Quebecor, Inc., Class B                                                | CUSIP: 748193208<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     11538 | NS      | $324589.52    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS Group Holdings Ltd.                       | DBS Group Holdings Ltd.                                                | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |     12100 | NS      | $446481.05    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuehne + Nagel International AG               | Kuehne + Nagel International AG (Registered)                           | CUSIP: N/A<br>LEI: 529900Q0YED3805QXQ66       | Long             | EC               | CORP              | CH        |      1085 | NS      | $222076.02    | 0.10%             |  |  |  | No            |                  2 | On Loan: —       |
| ITOCHU Corp.                                  | ITOCHU Corp.                                                           | CUSIP: N/A<br>LEI: J48DJYXDTLHM30UMYI18       | Long             | EC               | CORP              | JP        |      9500 | NS      | $499757.96    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper, Inc.                        | Keurig Dr Pepper, Inc.                                                 | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     11401 | NS      | $372242.65    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Intesa Sanpaolo SpA                           | Intesa Sanpaolo SpA                                                    | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | EC               | CORP              | IT        |     49447 | NS      | $298791.12    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Comcast Corp.                                 | Comcast Corp., Class A                                                 | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     21804 | NS      | $724546.92    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Insurance Australia Group Ltd.                | Insurance Australia Group Ltd.                                         | CUSIP: N/A<br>LEI: 549300PFEWKNHRG25N08       | Long             | EC               | CORP              | AU        |     58770 | NS      | $331230.10    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.         | Sumitomo Mitsui Financial Group, Inc.                                  | CUSIP: N/A<br>LEI: 35380028MYWPB6AUO129       | Long             | EC               | CORP              | JP        |      9000 | NS      | $230072.94    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Motorola Solutions, Inc.                      | Motorola Solutions, Inc.                                               | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      2700 | NS      | $1185246.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                         | Cardinal Health, Inc.                                                  | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      2372 | NS      | $368181.84    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Group, Inc.         | Public Service Enterprise Group, Inc.                                  | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |     12100 | NS      | $1086459.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp.                               | TC Energy Corp.                                                        | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |      9944 | NS      | $474808.78    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Systemes SE                          | Dassault Systemes SE                                                   | CUSIP: N/A<br>LEI: 96950065LBWY0APQIM86       | Long             | EC               | CORP              | FR        |      7350 | NS      | $242324.12    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| WSP Global, Inc.                              | WSP Global, Inc.                                                       | CUSIP: 92938W202<br>LEI: 549300IQ87LU6X6ERQ78 | Long             | EC               | CORP              | CA        |      2894 | NS      | $595884.96    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever plc                                  | Unilever plc                                                           | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |      4078 | NS      | $238275.26    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN PRIME VAR 12/50                     | JPMorgan Prime Money Market Fund, IM Shares                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   2676096 | NS      | $2676363.84   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| W.R. Berkley Corp.                            | W.R. Berkley Corp.                                                     | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |      5400 | NS      | $371574.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                           | Cisco Systems, Inc.                                                    | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     17115 | NS      | $1165189.20   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Generali                                      | Generali                                                               | CUSIP: N/A<br>LEI: 549300X5UKJVE386ZB61       | Long             | EC               | CORP              | IT        |     20746 | NS      | $774656.97    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| PepsiCo, Inc.                                 | PepsiCo, Inc.                                                          | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     17114 | NS      | $2360362.88   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bandai Namco Holdings, Inc.                   | Bandai Namco Holdings, Inc.                                            | CUSIP: N/A<br>LEI: 3538008EFEM34VRJDQ95       | Long             | EC               | CORP              | JP        |      6700 | NS      | $218061.01    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Seven & i Holdings Co. Ltd.                   | Seven & i Holdings Co. Ltd.                                            | CUSIP: N/A<br>LEI: 52990037G8JRM3TWGY86       | Long             | EC               | CORP              | JP        |     18500 | NS      | $244990.05    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                          | JPMorgan Chase & Co.                                                   | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      4341 | NS      | $1285977.84   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                          | Royal Bank of Canada                                                   | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |     16594 | NS      | $2129220.02   | 0.91%             |  |  |  | No            |                  1 | On Loan: —       |
| Berkshire Hathaway, Inc.                      | Berkshire Hathaway, Inc., Class B                                      | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      3523 | NS      | $1662433.24   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever plc                                  | Unilever plc                                                           | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |      5289 | NS      | $307895.18    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| T-Mobile US, Inc.                             | T-Mobile US, Inc.                                                      | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      2456 | NS      | $585534.96    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Japan Railway Co.                     | Central Japan Railway Co.                                              | CUSIP: N/A<br>LEI: 353800YAR3OVUITHTG64       | Long             | EC               | CORP              | JP        |     10500 | NS      | $244466.18    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| George Weston Ltd.                            | George Weston Ltd.                                                     | CUSIP: 961148509<br>LEI: 549300FAHC3L1QKNT280 | Long             | EC               | CORP              | CA        |      2100 | NS      | $399039.41    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos., Inc.                             | Lowe's Cos., Inc.                                                      | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      4100 | NS      | $916637.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.                         | Colgate-Palmolive Co.                                                  | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     18509 | NS      | $1551979.65   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets, Inc.                     | Cboe Global Markets, Inc.                                              | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      3189 | NS      | $768676.56    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid plc                             | National Grid plc                                                      | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |     26197 | NS      | $366728.92    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                              | Roche Holding AG                                                       | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |      1660 | NS      | $525436.75    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                    | Allianz SE (Registered)                                                | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |      3381 | NS      | $1339635.51   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Epiroc AB                                     | Epiroc AB, Class A                                                     | CUSIP: N/A<br>LEI: 5493004Q73OEYW1SPE91       | Long             | EC               | CORP              | SE        |     13403 | NS      | $273214.87    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| ANA Holdings, Inc.                            | ANA Holdings, Inc.                                                     | CUSIP: N/A<br>LEI: 5493008IRKIY0G3TE305       | Long             | EC               | CORP              | JP        |     11800 | NS      | $219724.14    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Exelon Corp.                                  | Exelon Corp.                                                           | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |      8780 | NS      | $394573.20    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| KDDI Corp.                                    | KDDI Corp.                                                             | CUSIP: N/A<br>LEI: 5299003FU7V4I45FU310       | Long             | EC               | CORP              | JP        |     20600 | NS      | $339531.17    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Cigna Group (The)                             | Cigna Group (The)                                                      | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      1732 | NS      | $463102.16    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| E.ON SE                                       | E.ON SE                                                                | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |     37794 | NS      | $688147.33    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Broadridge Financial Solutions, Inc.          | Broadridge Financial Solutions, Inc.                                   | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |      2400 | NS      | $594024.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CGI, Inc.                                     | CGI, Inc.                                                              | CUSIP: 12532H104<br>LEI: 549300WSRCZY73ZG3090 | Long             | EC               | CORP              | CA        |      7409 | NS      | $714271.23    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Life Financial, Inc.                      | Sun Life Financial, Inc.                                               | CUSIP: 866796105<br>LEI: 549300V040JZX5S66Z78 | Long             | EC               | CORP              | CA        |     10300 | NS      | $627990.76    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics, Inc.                        | Verisk Analytics, Inc.                                                 | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      2496 | NS      | $695660.16    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings, Inc.                   | Tokio Marine Holdings, Inc.                                            | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |      9600 | NS      | $389856.76    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Allegion plc                                  | Allegion plc                                                           | CUSIP: N/A<br>LEI: 984500560CAC2E6FB757       | Long             | EC               | CORP              | IE        |      5500 | NS      | $912560.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories, Inc.                      | IDEXX Laboratories, Inc.                                               | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |       562 | NS      | $300282.22    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co. (The)                           | Coca-Cola Co. (The)                                                    | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     25766 | NS      | $1749253.74   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar, Inc.                             | Caterpillar, Inc.                                                      | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      2584 | NS      | $1131843.68   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies, Inc.                   | L3Harris Technologies, Inc.                                            | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      1095 | NS      | $300927.90    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos., Inc.                   | Marsh & McLennan Cos., Inc.                                            | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      7000 | NS      | $1394400.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos., Inc. (The)                          | TJX Cos., Inc. (The)                                                   | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     13176 | NS      | $1640807.28   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial, Inc.                    | Ameriprise Financial, Inc.                                             | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      1500 | NS      | $777285.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.                   | AvalonBay Communities, Inc.                                            | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |      2200 | NS      | $409816.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Geberit AG                                    | Geberit AG (Registered)                                                | CUSIP: N/A<br>LEI: 52990093Z5OHD6T7BS47       | Long             | EC               | CORP              | CH        |       619 | NS      | $475538.32    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Zurich Insurance Group AG                     | Zurich Insurance Group AG                                              | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |      1542 | NS      | $1056666.30   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Montreal                              | Bank of Montreal                                                       | CUSIP: 063671101<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | EC               | CORP              | CA        |      2662 | NS      | $293826.70    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co. (The)                    | Procter & Gamble Co. (The)                                             | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     12315 | NS      | $1853038.05   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies, Inc.                    | Agilent Technologies, Inc.                                             | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |      2904 | NS      | $333408.24    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVT AND AGCY LEX                     | INVESCO GOVERNMENT & AGENCY PORTFOLIO OPEN-END FUND USD                | CUSIP: 825252885<br>LEI: O37NHJVF7S22I1ONOU83 | Long             | STIV             | RF                | US        |   2234701 | PA      | $2234701.20   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| West Japan Railway Co.                        | West Japan Railway Co.                                                 | CUSIP: N/A<br>LEI: 353800QGUXHZ7EBCR121       | Long             | EC               | CORP              | JP        |     10100 | NS      | $222427.72    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Secom Co. Ltd.                                | Secom Co. Ltd.                                                         | CUSIP: N/A<br>LEI: 529900TYCL9N3E9PGE47       | Long             | EC               | CORP              | JP        |      7600 | NS      | $272954.91    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Dollarama, Inc.                               | Dollarama, Inc.                                                        | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               | CORP              | CA        |      5463 | NS      | $746667.83    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                                    | Siemens AG (Registered)                                                | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |      2531 | NS      | $649596.03    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                  | Verizon Communications, Inc.                                           | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     29361 | NS      | $1255476.36   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen, Inc.                                   | Amgen, Inc.                                                            | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      1023 | NS      | $301887.30    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Otsuka Holdings Co. Ltd.                      | Otsuka Holdings Co. Ltd.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      4600 | NS      | $222770.56    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Paychex, Inc.                                 | Paychex, Inc.                                                          | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      4091 | NS      | $590454.03    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                               | Microsoft Corp.                                                        | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     20945 | NS      | $11174157.50  | 4.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Beiersdorf AG                                 | Beiersdorf AG                                                          | CUSIP: N/A<br>LEI: L47NHHI0Z9X22DV46U41       | Long             | EC               | CORP              | DE        |      5232 | NS      | $650812.67    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss Prime Site AG                           | Swiss Prime Site AG (Registered)                                       | CUSIP: N/A<br>LEI: 506700XI9H64OPR34158       | Long             | EC               | CORP              | CH        |      2427 | NS      | $336448.38    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| FactSet Research Systems, Inc.                | FactSet Research Systems, Inc.                                         | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |       567 | NS      | $228444.30    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp.                          | Kimberly-Clark Corp.                                                   | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      7964 | NS      | $992473.68    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                                   | Equinor ASA                                                            | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |     26389 | NS      | $683290.48    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)           | Bank of New York Mellon Corp. (The)                                    | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      7700 | NS      | $781165.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp.                                     | CDW Corp.                                                              | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |      1993 | NS      | $347539.34    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SoftBank Corp.                                | SoftBank Corp.                                                         | CUSIP: N/A<br>LEI: 353800M1YCTS9JRBJ535       | Long             | EC               | CORP              | JP        |    391000 | NS      | $566794.43    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| NTT, Inc.                                     | NTT, Inc.                                                              | CUSIP: N/A<br>LEI: 353800VHQU5VIXVUA841       | Long             | EC               | CORP              | JP        |    262500 | NS      | $265807.36    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Volvo AB                                      | Volvo AB, Class B                                                      | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |     22816 | NS      | $655398.44    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresenius SE & Co. KGaA                       | Fresenius SE & Co. KGaA                                                | CUSIP: N/A<br>LEI: XDFJ0CYCOO1FXRFTQS51       | Long             | EC               | CORP              | DE        |      4412 | NS      | $211368.23    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Honeywell International, Inc.                 | Honeywell International, Inc.                                          | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |       998 | NS      | $221905.30    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                              | TotalEnergies SE                                                       | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |      4294 | NS      | $254914.27    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Woolworths Group Ltd.                         | Woolworths Group Ltd.                                                  | CUSIP: N/A<br>LEI: QNWEWQBS7HP85QHXQL92       | Long             | EC               | CORP              | AU        |     18481 | NS      | $374238.43    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Kone OYJ                                      | Kone OYJ, Class B                                                      | CUSIP: N/A<br>LEI: 2138001CNF45JP5XZK38       | Long             | EC               | CORP              | FI        |      4544 | NS      | $279711.95    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                     | Nestle SA (Registered)                                                 | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |      6870 | NS      | $601362.88    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Coles Group Ltd.                              | Coles Group Ltd.                                                       | CUSIP: N/A<br>LEI: 549300OHQRG2HN8LZ793       | Long             | EC               | CORP              | AU        |     16046 | NS      | $213870.09    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| RTX Corp.                                     | RTX Corp.                                                              | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      3453 | NS      | $544089.21    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare, Inc.                          | HCA Healthcare, Inc.                                                   | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      1091 | NS      | $386203.09    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab, Inc.                                  | Ecolab, Inc.                                                           | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      4554 | NS      | $1192055.04   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                            | Equity Residential                                                     | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |      3400 | NS      | $214880.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health, Inc.                         | Elevance Health, Inc.                                                  | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |       594 | NS      | $168149.52    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.                  | Mondelez International, Inc., Class A                                  | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     15006 | NS      | $970738.14    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie, Inc.                                  | AbbVie, Inc.                                                           | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      1312 | NS      | $247994.24    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge, Inc.                                | Enbridge, Inc.                                                         | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     23766 | NS      | $1076296.55   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordea Bank Abp                               | Nordea Bank Abp                                                        | CUSIP: N/A<br>LEI: 529900ODI3047E2LIV03       | Long             | EC               | CORP              | FI        |     13972 | NS      | $204101.03    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Union Pacific Corp.                           | Union Pacific Corp.                                                    | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      3424 | NS      | $760025.28    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Oriental Land Co. Ltd.                        | Oriental Land Co. Ltd.                                                 | CUSIP: N/A<br>LEI: 353800PIFKBZ6KTU5994       | Long             | EC               | CORP              | JP        |     10200 | NS      | $210696.29    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Baker Hughes Co.                              | Baker Hughes Co.                                                       | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6002 | NS      | $270390.10    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings, Inc.                        | Booking Holdings, Inc.                                                 | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       171 | NS      | $941194.26    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp, Inc.                                  | NetApp, Inc.                                                           | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |      2900 | NS      | $301977.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                        | Sempra                                                                 | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     10912 | NS      | $891292.16    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co.                            | Tractor Supply Co.                                                     | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |      7000 | NS      | $398650.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co. (The)                             | Hershey Co. (The)                                                      | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      3500 | NS      | $651455.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujitsu Ltd.                                  | Fujitsu Ltd.                                                           | CUSIP: N/A<br>LEI: 3538000246DHJLRTUZ24       | Long             | EC               | CORP              | JP        |     15600 | NS      | $341896.55    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Copart, Inc.                                  | Copart, Inc.                                                           | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     10314 | NS      | $467533.62    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences, Inc.                         | Gilead Sciences, Inc.                                                  | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      6013 | NS      | $675199.77    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp.                             | Duke Energy Corp.                                                      | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      6042 | NS      | $734948.88    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Givaudan SA                                   | Givaudan SA (Registered)                                               | CUSIP: N/A<br>LEI: 213800SVRMQA1TD91D41       | Long             | EC               | CORP              | CH        |       154 | NS      | $646714.68    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific, Inc.                | Thermo Fisher Scientific, Inc.                                         | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |       651 | NS      | $304459.68    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire Co. Ltd.                               | Empire Co. Ltd., Class A                                               | CUSIP: 291843407<br>LEI: 549300TX0ZUSTEF7C719 | Long             | EC               | CORP              | CA        |      9205 | NS      | $366579.03    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG                           | Deutsche Telekom AG (Registered)                                       | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |     16051 | NS      | $576631.79    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                   | Novartis AG (Registered)                                               | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |     10826 | NS      | $1255402.82   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| O'Reilly Automotive, Inc.                     | O'Reilly Automotive, Inc.                                              | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     11177 | NS      | $1098922.64   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Sompo Holdings, Inc.                          | Sompo Holdings, Inc.                                                   | CUSIP: N/A<br>LEI: 353800CWW4SRGEYEB512       | Long             | EC               | CORP              | JP        |     10600 | NS      | $314344.83    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Visa, Inc.                                    | Visa, Inc., Class A                                                    | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      8911 | NS      | $3078483.17   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.                         | Parker-Hannifin Corp.                                                  | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |       898 | NS      | $657246.20    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works, Inc.                     | Illinois Tool Works, Inc.                                              | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |      4800 | NS      | $1228656.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Restaurant Brands International, Inc.         | Restaurant Brands International, Inc.                                  | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Long             | EC               | CORP              | CA        |      3652 | NS      | $247806.76    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                              | McDonald's Corp.                                                       | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      8291 | NS      | $2487880.37   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Software, Inc.                  | Constellation Software, Inc.                                           | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |       238 | NS      | $821093.13    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Essity AB                                     | Essity AB, Class B                                                     | CUSIP: N/A<br>LEI: 549300G8E6YUVJ1DA153       | Long             | EC               | CORP              | SE        |      9638 | NS      | $237768.67    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| GE Aerospace                                  | GE Aerospace                                                           | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      6651 | NS      | $1802953.08   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Technologies Engineering Ltd.       | Singapore Technologies Engineering Ltd.                                | CUSIP: N/A<br>LEI: 254900OEXGGWCR24DG90       | Long             | EC               | CORP              | SG        |     69900 | NS      | $472137.25    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Aflac, Inc.                                   | Aflac, Inc.                                                            | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |      5945 | NS      | $590695.20    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings, Inc.                         | Leidos Holdings, Inc.                                                  | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      2034 | NS      | $324728.10    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Anheuser-Busch InBev SA/NV                    | Anheuser-Busch InBev SA/NV                                             | CUSIP: N/A<br>LEI: 5493008H3828EMEXB082       | Long             | EC               | CORP              | BE        |      7233 | NS      | $424271.00    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Yum! Brands, Inc.                             | Yum! Brands, Inc.                                                      | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |      5011 | NS      | $722335.65    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture plc                                 | Accenture plc, Class A                                                 | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |      4060 | NS      | $1084426.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                                  | Fastenal Co.                                                           | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     24884 | NS      | $1147898.92   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts, Inc.                         | Electronic Arts, Inc.                                                  | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      3753 | NS      | $572294.97    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM, Inc.                                | QUALCOMM, Inc.                                                         | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      4967 | NS      | $728956.92    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordea Bank Abp                               | Nordea Bank Abp                                                        | CUSIP: N/A<br>LEI: 529900ODI3047E2LIV03       | Long             | EC               | CORP              | FI        |     23265 | NS      | $339840.23    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| L'Oreal SA                                    | L'Oreal SA                                                             | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Long             | EC               | CORP              | FR        |       776 | NS      | $344797.15    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| TMX Group Ltd.                                | TMX Group Ltd.                                                         | CUSIP: 87262K105<br>LEI: 549300N65GFVKSHGJW59 | Long             | EC               | CORP              | CA        |      9500 | NS      | $386280.31    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora, Inc.                                 | Cencora, Inc.                                                          | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      2200 | NS      | $629376.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp.                         | Lockheed Martin Corp.                                                  | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      1158 | NS      | $487494.84    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                              | Novo Nordisk A/S                                                       | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |      3753 | NS      | $176653.71    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Swiss Re AG                                   | Swiss Re AG                                                            | CUSIP: N/A<br>LEI: 529900PS9YW3YY29F326       | Long             | EC               | CORP              | CH        |      2453 | NS      | $441675.90    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrari NV                                    | Ferrari NV                                                             | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | NL        |       558 | NS      | $245355.03    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Bridgestone Corp.                             | Bridgestone Corp.                                                      | CUSIP: N/A<br>LEI: 549300DHPOF90OYYD780       | Long             | EC               | CORP              | JP        |      9000 | NS      | $365908.49    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Salesforce, Inc.                              | Salesforce, Inc.                                                       | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      1950 | NS      | $503743.50    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd.                                   | Garmin Ltd.                                                            | CUSIP: N/A<br>LEI: 2549001E0HIPIJQ0W046       | Long             | EC               | CORP              | CH        |      1213 | NS      | $265355.88    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hannover Rueck SE                             | Hannover Rueck SE                                                      | CUSIP: N/A<br>LEI: 529900KIN5BE45V5KB18       | Long             | EC               | CORP              | DE        |      1052 | NS      | $319824.50    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce            | Canadian Imperial Bank of Commerce                                     | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |     14014 | NS      | $1001592.39   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| DNB Bank ASA                                  | DNB Bank ASA                                                           | CUSIP: N/A<br>LEI: 549300GKFG0RYRRQ1414       | Long             | EC               | CORP              | NO        |     18395 | NS      | $466693.93    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd.                     | United Overseas Bank Ltd.                                              | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               | CORP              | SG        |     27600 | NS      | $769288.35    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Zoetis, Inc.                                  | Zoetis, Inc.                                                           | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      5625 | NS      | $820068.75    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks, Inc.                      | Palo Alto Networks, Inc.                                               | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      3360 | NS      | $583296.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co. KGaA                          | Henkel AG & Co. KGaA (Preference)                                      | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EC               | CORP              | DE        |      7013 | NS      | $540858.66    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| eBay, Inc.                                    | eBay, Inc.                                                             | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      3013 | NS      | $276442.75    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp.                                  | Cintas Corp.                                                           | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4715 | NS      | $1049323.25   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde plc                                     | Linde plc                                                              | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | IE        |      3351 | NS      | $1542331.26   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-02

**Name of Applicant:** 1290 Funds

**Signature:** Brian Walsh

**Name of Signer:** Brian Walsh

**Title:** Chief Financial Officer and Treasurer