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Morningstar

Counterpoint Tactical Income A CPATX

Morningstar Medalist Rating
Medalist Rating as of | See Counterpoint Funds Investment Hub
  • NAV / 1-Day Return 11.21  /  +0.09 %
  • Total Assets 1.5 Bil
  • Adj. Expense Ratio
    2.280%
  • Expense Ratio 2.280%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 5.49%
  • Effective Duration 2.19 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 12:13 AM GMT+0

Morningstar’s Analysis CPATX

Will CPATX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CPATX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the CPATX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of CPATX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Counterpoint Tactical Income A's recent fee hike drives a downgrade to this strategy's Morningstar Medalist Rating to Neutral from Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

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Portfolio Holdings CPATX

More CPATX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 91.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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—

PIMCO High Yield Instl

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BlackRock High Yield Bond Instl

15.08 210.8 Mil
—

BlackRock Floating Rate Income Instl

9.29 129.8 Mil
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JPMorgan High Yield I

7.52 105.1 Mil
—

Goldman Sachs High Yield Fl Rate Instl

6.91 96.6 Mil
—

Invesco Senior Loan ETF

6.70 93.7 Mil
—

Goldman Sachs FS Government Instl

5.91 82.7 Mil
Cash and Equivalents

iShares Broad USD High Yield Corp Bd ETF

3.65 51.0 Mil
—

iShares iBoxx $ High Yield Corp Bd ETF

2.65 37.0 Mil
—