# EDGAR Filing Document

**Accession Number:** 0001605941
**File Stem:** 0001193125-26-128248
**Filing Date:** 2026-3
**Character Count:** 10428
**Document Hash:** cf6b8ac0ac8bb2b374caf412618fc303
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-128248.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0001193125-26-128248

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**EFFECTIVENESS DATE**: 20260327

**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:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-195390
- **FILM NUMBER:** 26804310

**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 GAMCO Small/Mid Cap Value Fund (Series ID: S000045910)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000143077 | Class A      | TNVAX           |
| C000143079 | Class I      | TNVIX           |
| C000143080 | Class R      | TNVRX           |

**1290 FUNDS<sup>®</sup>**

**1290 GAMCO Small/Mid Cap Value Fund** 

SUPPLEMENT DATED MARCH 27, 2026 TO THE SUMMARY PROSPECTUS, PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION DATED MARCH 1, 2026

This Supplement updates certain information contained in the Prospectus and Statement of Additional Information ("SAI") dated March 1, 2026 of 1290 Funds ("Trust"). You should read this Supplement in conjunction with the Prospectus and SAI and retain it for future reference. You may view, print, and download these documents, free of charge, at the Trust's website at <u>https://www.1290funds.com</u>.

**Effective immediately, the following changes are being made to the Summary Prospectus, Prospectus and SAI:** 

**The section of the Summary Prospectus and Prospectus entitled "1290 GAMCO Small/Mid Cap Value Fund — WHO MANAGES THE FUND — Sub-Adviser: GAMCO Asset Management, Inc. ("GAMCO")" is amended by deleting the table in its entirety and replacing it with the following information:** 

**Portfolio Managers:** The members of the team that are jointly and primarily responsible for the securities selection, research and trading for the Fund are:

---

| | | |
|:---|:---|:---|
| **Name** | **Title** | **Since** |
|  Mario J. Gabelli | Chief Executive Officer and Chief Investment Officer of Value Portfolios of GAMCO | 2014 |
|  Christopher J. Marangi | President and Co-Chief Investment Officer of Value Portfolios of GAMCO | 2026 |
|  Kevin V. Dreyer | Co-Chief Investment Officer of Value Portfolios of GAMCO | 2026 |

---

**The section of the Prospectus entitled "Management of the Funds — The Sub-Advisers — GAMCO Asset Management, Inc." is amended by deleting the second paragraph in its entirety and replacing it with the following information:** 

**Mario J. Gabelli, Christopher J. Marangi, and Kevin V. Dreyer** are jointly and primarily responsible for the investment decisions for the 1290 GAMCO Small/Mid Cap Value Fund.

**Mario J. Gabelli** serves as the Chief Executive Officer and Chief Investment Officer of Value Portfolios at GAMCO and has over 50 years of experience in the investment industry.

**Christopher J. Marangi** serves as President and Co-Chief Investment Officer of Value Portfolios at GAMCO and has over 25 years of experience in the investment industry. Mr. Marangi joined GAMCO in 2003.

**Kevin V. Dreyer** serves as Co-Chief Investment Officer of Value Portfolios at GAMCO and has over 20 years of experience in the investment industry. Mr. Dreyer joined GAMCO in 2005.

**\*\*\*** 

------

**The section of the SAI entitled "Appendix B — Portfolio Manager Information — GAMCO Asset Management, Inc." is amended to include the following information:** 

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**GAMCO Asset Management, Inc. ("Sub-Adviser")** | &nbsp;&nbsp;&nbsp;**GAMCO Asset Management, Inc. ("Sub-Adviser")** | &nbsp;&nbsp;&nbsp;**GAMCO Asset Management, Inc. ("Sub-Adviser")** | &nbsp;&nbsp;&nbsp;**GAMCO Asset Management, Inc. ("Sub-Adviser")** | &nbsp;&nbsp;&nbsp;**GAMCO Asset Management, Inc. ("Sub-Adviser")** | &nbsp;&nbsp;&nbsp;**GAMCO Asset Management, Inc. ("Sub-Adviser")** | &nbsp;&nbsp;&nbsp;**GAMCO Asset Management, Inc. ("Sub-Adviser")** | &nbsp;&nbsp;&nbsp;**GAMCO Asset Management, Inc. ("Sub-Adviser")** | &nbsp;&nbsp;&nbsp;**GAMCO Asset Management, Inc. ("Sub-Adviser")** | &nbsp;&nbsp;&nbsp;**GAMCO Asset Management, Inc. ("Sub-Adviser")** | &nbsp;&nbsp;&nbsp;**GAMCO Asset Management, Inc. ("Sub-Adviser")** | &nbsp;&nbsp;&nbsp;**GAMCO Asset Management, Inc. ("Sub-Adviser")** | &nbsp;&nbsp;&nbsp;**GAMCO Asset Management, Inc. ("Sub-Adviser")** |
| &nbsp;&nbsp;&nbsp;**Portfolio Manager** | **Presented below for each portfolio manager is the number of other<br>accounts managed by the portfolio manager and the total assets in<br>the accounts managed within each category as of December 31, 2025** | **Presented below for each portfolio manager is the number of other<br>accounts managed by the portfolio manager and the total assets in<br>the accounts managed within each category as of December 31, 2025** | **Presented below for each portfolio manager is the number of other<br>accounts managed by the portfolio manager and the total assets in<br>the accounts managed within each category as of December 31, 2025** | **Presented below for each portfolio manager is the number of other<br>accounts managed by the portfolio manager and the total assets in<br>the accounts managed within each category as of December 31, 2025** | **Presented below for each portfolio manager is the number of other<br>accounts managed by the portfolio manager and the total assets in<br>the accounts managed within each category as of December 31, 2025** | **Presented below for each portfolio manager is the number of other<br>accounts managed by the portfolio manager and the total assets in<br>the accounts managed within each category as of December 31, 2025** | **Presented below for each of the categories is the number<br>of accounts and the total assets in the accounts with<br>respect to which the advisory fee is based on the<br>performance of the account** | **Presented below for each of the categories is the number<br>of accounts and the total assets in the accounts with<br>respect to which the advisory fee is based on the<br>performance of the account** | **Presented below for each of the categories is the number<br>of accounts and the total assets in the accounts with<br>respect to which the advisory fee is based on the<br>performance of the account** | **Presented below for each of the categories is the number<br>of accounts and the total assets in the accounts with<br>respect to which the advisory fee is based on the<br>performance of the account** | **Presented below for each of the categories is the number<br>of accounts and the total assets in the accounts with<br>respect to which the advisory fee is based on the<br>performance of the account** | **Presented below for each of the categories is the number<br>of accounts and the total assets in the accounts with<br>respect to which the advisory fee is based on the<br>performance of the account** |
|  | **Registered**<br> **Investment**<br> **Companies** | **Registered**<br> **Investment**<br> **Companies** | **Other Pooled**<br> **Investment**<br> **Vehicles** | **Other Pooled**<br> **Investment**<br> **Vehicles** | **Other Accounts** | **Other Accounts** | **Registered**<br> **Investment**<br> **Companies** | **Registered**<br> **Investment**<br> **Companies** | **Other Pooled Investment Vehicles** | **Other Pooled Investment Vehicles** | **Other Accounts** | **Other Accounts** |
|  | **Number<br>of<br>Accounts** | **Total**<br> **Assets** | **Number<br>of<br>Accounts** | **Total**<br> **Assets** | **Number<br>of<br>Accounts** | **Total**<br> **Assets** | **Number**<br> **of**<br> **Accounts** | **Total**<br> **Assets** | **Number<br>of<br>Accounts** | **Total<br>Assets** | **Number<br>of<br>Accounts** | **Total<br>Assets** |
| &nbsp;&nbsp;&nbsp;**1290 GAMCO Small/Mid Cap Value Fund** | &nbsp;&nbsp;&nbsp;**1290 GAMCO Small/Mid Cap Value Fund** | &nbsp;&nbsp;&nbsp;**1290 GAMCO Small/Mid Cap Value Fund** | &nbsp;&nbsp;&nbsp;**1290 GAMCO Small/Mid Cap Value Fund** | &nbsp;&nbsp;&nbsp;**1290 GAMCO Small/Mid Cap Value Fund** | &nbsp;&nbsp;&nbsp;**1290 GAMCO Small/Mid Cap Value Fund** | &nbsp;&nbsp;&nbsp;**1290 GAMCO Small/Mid Cap Value Fund** | &nbsp;&nbsp;&nbsp;**1290 GAMCO Small/Mid Cap Value Fund** | &nbsp;&nbsp;&nbsp;**1290 GAMCO Small/Mid Cap Value Fund** | &nbsp;&nbsp;&nbsp;**1290 GAMCO Small/Mid Cap Value Fund** | &nbsp;&nbsp;&nbsp;**1290 GAMCO Small/Mid Cap Value Fund** | &nbsp;&nbsp;&nbsp;**1290 GAMCO Small/Mid Cap Value Fund** | &nbsp;&nbsp;&nbsp;**1290 GAMCO Small/Mid Cap Value Fund** |
| &nbsp;&nbsp;&nbsp; Christopher J. Marangi | 10 | $7.6 billion | 1 | $22.6 million | 240 | $605.9 million | 0 | N/A | 0 | N/A | 0 | N/A |
| &nbsp;&nbsp;&nbsp; Kevin V. Dreyer | 6 | $7.4 billion | 1 | $22.6 million | 234 | $592.9 million | 0 | N/A | 0 | N/A | 0 | N/A |

---

**Ownership of Securities of the Fund as of December 31, 2025** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Portfolio Manager** | **None** | **$1-**<br> **$10000** | **$10001-**<br> **$50000** | **$50001-**<br> **$100000** | **$100001-**<br> **$500000** | **$500001-**<br> **$1000000** | **over**<br> **$1,000,000** |
| &nbsp;&nbsp;&nbsp;**1290 GAMCO Small/Mid Cap Value Fund** | &nbsp;&nbsp;&nbsp;**1290 GAMCO Small/Mid Cap Value Fund** | &nbsp;&nbsp;&nbsp;**1290 GAMCO Small/Mid Cap Value Fund** | &nbsp;&nbsp;&nbsp;**1290 GAMCO Small/Mid Cap Value Fund** | &nbsp;&nbsp;&nbsp;**1290 GAMCO Small/Mid Cap Value Fund** | &nbsp;&nbsp;&nbsp;**1290 GAMCO Small/Mid Cap Value Fund** | &nbsp;&nbsp;&nbsp;**1290 GAMCO Small/Mid Cap Value Fund** | &nbsp;&nbsp;&nbsp;**1290 GAMCO Small/Mid Cap Value Fund** |
| &nbsp;&nbsp;&nbsp; Christopher J. Marangi | X |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Kevin V. Dreyer | X |  |  |  |  |  |  |

---