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Morningstar

Counterpoint Tactical Municipal A TMNAX

Morningstar Medalist Rating
Medalist Rating as of | See Counterpoint Funds Investment Hub
  • NAV / 1-Day Return 10.58  /  −0.28 %
  • Total Assets 264.7 Mil
  • Adj. Expense Ratio
    1.890%
  • Expense Ratio 1.890%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 2.83%
  • Effective Duration 7.77 years

USD | NAV as of Apr 26, 2024 | 1-Day Return as of Apr 26, 2024, 12:02 AM GMT+0

Morningstar’s Analysis TMNAX

Will TMNAX 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 TMNAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TMNAX 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 TMNAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Counterpoint Tactical Municipal A boasts strong Process and People Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

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 most expensive quintile among peers.

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Portfolio Holdings TMNAX

More TMNAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 97.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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34.11 83.0 Mil
—

T. Rowe Price Tax Free High Yield I

28.96 70.5 Mil
—

Delaware National Hi-Yld Muni Bd Instl

7.21 17.6 Mil
—

PGIM Muni High Income Z

6.93 16.9 Mil
—

VanEck High Yield Muni ETF

6.85 16.7 Mil
—

American Century High-Yield Muni I

6.52 15.9 Mil
—

Nuveen High Yield Municipal Bond I

5.98 14.6 Mil
—

BlackRock Liquidity MuniCash Instl

3.33 8.1 Mil
Cash and Equivalents

PIMCO High Yield Municipal Bond I

0.42 1.0 Mil
—

Goldman Sachs High Yield Muni Instl

0.42 1.0 Mil
—