Morningstar

Counterpoint Tactical Municipal Fund Class I TMNIX

Morningstar Medalist Rating
Medalist Rating as of | See Counterpoint Funds Investment Hub
  • NAV / 1-Day Return 10.52  /  −0.10 %
  • Total Assets 282.9M
  • Adj. Expense Ratio
    1.500%
  • Expense Ratio 0.930%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 3.48%
  • Effective Duration 8.95 years

USD | NAV as of Aug 12, 2026 | 1-Day Return as of Aug 12, 2026, 1:01 AM GMT+0

Morningstar’s Analysis TMNIX

Will TMNIX outperform in the 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 TMNIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Counterpoint Tactical Municipal I holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings TMNIX

More TMNIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 3.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BlackRock Liquidity MuniCash Instl

95.07 273M
Cash and Equivalents

Nuveen High Yield Municipal Bond I

3.30 9M
—

Jpm Cash Deposit Account

1.26 4M
Cash and Equivalents

Cash

0.21 602,915
Cash and Equivalents

Us Dollar Future

0.14 397,157
Cash and Equivalents

Us Dollar Swap

0.01 26,276
Cash and Equivalents

AB High Income Municipal Advisor

0.00 10,140
—

Russell Inv Tax-Exempt High Yield Bd S

0.00 9,066
—

Goldman Sachs High Yield Muni Instl

0.00 8,960
—

PIMCO High Yield Municipal Bond I

0.00 8,320
—

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