Counterpoint Tactical Municipal Fund Class A (TMNAX)

Fund Assets	284.69M
Expense Ratio	1.75%
Min. Investment	$5,000
Turnover	n/a
Dividend (ttm)	0.34
Dividend Yield	3.26%
Dividend Growth	18.94%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 30, 2026

Previous Close	10.44
YTD Return	-0.42%
1-Year Return	3.93%
5-Year Return	7.70%
52-Week Low	10.36
52-Week High	10.83
Beta (5Y)	n/a
Holdings	17
Inception Date	Jun 11, 2018

About TMNAX

The Fund's investment strategy focuses on High Yield Muni with 1.25% total expense ratio. The minimum amount to invest in Northern Lights Fund Trust III: Counterpoint Tactical Municipal Fund; Class A Shares is $5,000 on a standard taxable account. Northern Lights Fund Trust III: Counterpoint Tactical Municipal Fund; Class A Shares 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.

• Category: High Yield Muni
• Stock Exchange: NASDAQ
• Ticker Symbol: TMNAX
• Share Class: Class A
• Index: Bloomberg Municipal Bond TR

Performance

TMNAX had a total return of 3.93% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.17%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
TMNIX	Class I	1.50%
TMNCX	Class C	2.50%

Top 10 Holdings

99.64% of assets

Name	Symbol	Weight
BlackRock Liquidity MuniCash Instl	MCSXX	95.07%
Nuveen High Yield Municipal Bond I	NHMRX	3.30%
JPM CASH DEPOSIT ACCT	n/a	1.26%
AB High Income Municipal Advisor	ABTYX	0.00%
Russell Inv Tax-Exempt High Yield Bd S	RTHSX	0.00%
Goldman Sachs High Yield Muni Instl	GHYIX	0.00%
PIMCO High Yield Municipal Bond I	PHMIX	0.00%
Invesco High Yield Municipal Y	ACTDX	0.00%
Invesco Rochester® Municipal Opps Y	ORNYX	0.00%
American High-Income Municipal Bond F-3	HIMFX	0.00%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 30, 2026	$0.0278	Jul 31, 2026
Jun 29, 2026	$0.0265	Jun 30, 2026
May 28, 2026	$0.0259	May 29, 2026
Apr 29, 2026	$0.0192	Apr 30, 2026
Mar 30, 2026	$0.0314	Mar 31, 2026
Feb 26, 2026	$0.0414	Feb 27, 2026

Data Sources: Tiingo, Alpha Vantage, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Alpha Vantage. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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