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Morningstar

Counterpoint Tactical Municipal I TMNIX

Morningstar Medalist Rating
Medalist Rating as of | See Counterpoint Funds Investment Hub
  • NAV / 1-Day Return 10.73  /  0.00
  • Total Assets 269.6 Mil
  • Adj. Expense Ratio
    1.640%
  • Expense Ratio 1.640%
  • 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 3.13%
  • Effective Duration 7.77 years

USD | NAV as of May 09, 2024 | 1-Day Return as of May 09, 2024, 11:55 PM GMT+0

Morningstar’s Analysis TMNIX

Will TMNIX 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 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.

Strength in Counterpoint Tactical Municipal I's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of 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.

by Morningstar Manager Research
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Portfolio Holdings TMNIX

More TMNIX 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

American High-Income Municipal Bond F3

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
—