Morningstar

Counterpoint Tactical Municipal Fund Class I TMNIX

Morningstar Medalist Rating
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Medalist Rating as of See Counterpoint Funds Investment Hub
  • NAV / 1-Day Return $10.22  /  +0.29 %
  • Fund Size $258.5M
  • Adjusted Expense Ratio 1.500%
  • Net Expense Ratio 0.930%
  • Fee Level: Distribution High
  • Share Class Type Institutional
  • Morningstar Category High Yield Muni
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $100,000
  • Investment Status Open
  • TTM Yield 3.71%
  • Average Effective Duration 7.31 yrs
NAV and 1-Day Return as of

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.

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Portfolio Holdings TMNIX

More TMNIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 98.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

American High-Income Municipal Bond F-3

40.22 116M
—

T. Rowe Price High Yield Muncpl Bd I

30.21 87M
—

Invesco AMT-Free Municipal Inc Y

16.34 47M
—

VanEck High Yield Muni ETF

8.57 25M
—

Nuveen High Yield Municipal Bond I

3.38 10M
—

Jpm Cash Deposit Account

1.11 3M
Cash and Equivalents

Us Dollar Future

0.14 400,348
Cash and Equivalents

Us Dollar Swap

0.01 26,488
Cash and Equivalents

AB High Income Municipal Advisor

0.00 10,390
—

Russell Inv Tax-Exempt High Yield Bd S

0.00 9,283
—

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