Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.
Counterpoint Tactical Income C CPCTX
- NAV / 1-Day Return 11.13 / +0.09 %
- Total Assets 1.5 Bil
-
Adj. Expense Ratio
- Expense Ratio 3.030%
- Distribution Fee Level High
- Share Class Type Level Load
- Category Nontraditional Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 5,000
- Status Open
- TTM Yield 4.81%
- 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 CPCTX
Will CPCTX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- 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
|
---|---|---|---|
Fidelity Advisor Floating Rate Hi Inc I | 22.50 | 314.6 Mil | — |
PIMCO High Yield Instl | 15.12 | 211.4 Mil | — |
BlackRock High Yield Bond Instl | 15.08 | 210.8 Mil | — |
BlackRock Floating Rate Income Instl | 9.29 | 129.8 Mil | — |
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 | — |