Counterpoint Tactical Municipal Fund A (TMNAX)
10.22
-0.01
(-0.10%)
USD |
Sep 16 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 1.75% | 267.79M | -- | 360.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -14.04M | -1.43% |
Basic Info
| Investment Strategy | |
| The Fund seeks tax-free income and capital preservation. Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of borrowings, if any) in, or derives at least 80% of its income from, municipal bonds, and may invest in debt securities of any credit quality or maturity. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal High Yield |
| Peer Group | High Yield Municipal Debt Funds |
| Global Macro | Bond High Yield |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | High Yield Municipal Debt Funds |
| Fund Owner Firm Name | Counterpoint |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
88
-152.26M
Peer Group Low
200.46M
Peer Group High
1 Year
% Rank:
61
-14.04M
-1.158B
Peer Group Low
2.261B
Peer Group High
3 Months
% Rank:
72
-313.41M
Peer Group Low
507.46M
Peer Group High
3 Years
% Rank:
50
-6.234B
Peer Group Low
7.040B
Peer Group High
6 Months
% Rank:
70
-999.24M
Peer Group Low
1.232B
Peer Group High
5 Years
% Rank:
29
-9.920B
Peer Group Low
9.387B
Peer Group High
YTD
% Rank:
78
-475.95M
Peer Group Low
1.400B
Peer Group High
10 Years
% Rank:
--
-4.775B
Peer Group Low
13.87B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of September 17, 2026.
Asset Allocation
As of June 30, 2026.
| Type | % Net |
|---|---|
| Cash | 1.97% |
| Stock | 0.01% |
| Bond | 97.35% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.67% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| American Funds American High-Inc Muni Bond Fd F3 | 40.13% | 14.78 | -0.07% |
| T Rowe Price Hi Yld Muni Bd Fund I | 30.15% | 10.76 | 0.00% |
| Invesco AMT-Free Municipal Income Fund Y | 16.30% | 6.41 | 0.00% |
| VanEck High Yield Muni ETF | 8.55% | 48.82 | 0.12% |
| Nuveen High Yield Municipal Bond Fund I | 3.37% | 13.55 | -0.07% |
|
USD Cash
|
1.26% | -- | -- |
|
Other Assets less Liabilities
|
0.22% | -- | -- |
| AB High Income Municipal Portfolio Advisor | 0.00% | 9.75 | -0.10% |
| Russell Investments Tax Exempt High Yield Bond S | 0.00% | 9.30 | -0.11% |
| Goldman Sachs High Yield Municipal Fund Inst | 0.00% | 8.68 | 0.00% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | 0.25% |
| Actual Management Fee | 0.70% |
| Administration Fee | 6989.00 None |
| Maximum Front Load | 4.50% |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 5000.00 None |
| Minimum Subsequent Investment | 250.00 None |
TTM Distributions
| Type | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of August 31, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks tax-free income and capital preservation. Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of borrowings, if any) in, or derives at least 80% of its income from, municipal bonds, and may invest in debt securities of any credit quality or maturity. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal High Yield |
| Peer Group | High Yield Municipal Debt Funds |
| Global Macro | Bond High Yield |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | High Yield Municipal Debt Funds |
| Fund Owner Firm Name | Counterpoint |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (9-15-26) | 3.39% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 18 |
| Bond | |
| Yield to Maturity (6-30-26) | 4.57% |
| Effective Duration | -- |
| Average Coupon | 4.91% |
| Calculated Average Quality | 3.476 |
| Effective Maturity | 14.24 |
| Nominal Maturity | 20.30 |
| Number of Bond Holdings | 0 |
As of June 30, 2026
Fund Details
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:TMNAX", "name") |
| Broad Asset Class: =YCI("M:TMNAX", "broad_asset_class") |
| Broad Category: =YCI("M:TMNAX", "broad_category_group") |
| Prospectus Objective: =YCI("M:TMNAX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |