Prospectus by Investment Company - Form 497

1290 Funds

1290 FUNDS

SUPPLEMENT DATED JULY 24, 2024 TO THE STATEMENT OF ADDITIONAL INFORMATION DATED MARCH 1, 2024

This Supplement updates certain information contained in the Statement of Additional Information ("SAI") of 1290 Funds ("Trust") dated March 1, 2024. You should read this Supplement in conjunction with the SAI and retain it for future reference. You may view, print, and download these documents, free of charge, at the Trust's website at https://www.1290Funds.com.

The section of the SAI entitled "Proxy Voting Policies and Procedures" is amended by replacing the last sentence of the last paragraph with the following sentence:

Information regarding how the Funds voted proxies relating to portfolio securities during the most recent 12-month period ended June 30 is available (1) without charge, upon request, by calling toll-free at 1-888-310-0416, (2) on the 1290 Funds' website at https://www.1290Funds.com and (3) on the SEC's website at https://www.sec.gov.

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