Counterpoint Tactical Municipal Fund Class C (TMNCX)
| Fund Assets | 288.23M |
| Expense Ratio | 2.50% |
| Min. Investment | $5,000 |
| Turnover | 13.00% |
| Dividend (ttm) | 0.21 |
| Dividend Yield | 2.01% |
| Dividend Growth | -15.83% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 29, 2026 |
| Previous Close | 10.55 |
| YTD Return | 0.67% |
| 1-Year Return | 2.15% |
| 5-Year Return | 7.32% |
| 52-Week Low | 10.06 |
| 52-Week High | 10.56 |
| Beta (5Y) | 0.15 |
| Holdings | 20 |
| Inception Date | Jun 11, 2018 |
About TMNCX
Counterpoint Tactical Municipal Fund Class C is a mutual fund specializing in municipal bonds, with a particular emphasis on generating tax-exempt income and managing risk through tactical allocation strategies. The fund's primary function is to provide investors with a combination of capital preservation, income, and tax efficiency by investing at least 80% of its assets in municipal securities of varying credit quality and maturity. A distinguishing feature of this fund is its use of quantitative, price-driven trend-following models to dynamically adjust its exposure to high-yield and high-quality municipal bonds, aiming to capitalize on market opportunities while limiting downside risk and volatility. When market conditions are favorable, the fund increases its allocation to high-yielding municipal securities; in less favorable markets, it shifts to higher quality or short-term municipal money market instruments. By actively managing its portfolio in response to market signals, the fund seeks to achieve superior risk-adjusted, tax-free returns in comparison to traditional, passively managed municipal bond funds. The fund plays a notable role for investors seeking municipal bond exposure with an emphasis on tactical risk management and tax-advantaged income.
Performance
TMNCX had a total return of 2.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.85%.
Top 10 Holdings
99.54% of assets| Name | Symbol | Weight |
|---|---|---|
| Invesco High Yield Municipal Fund Class Y | ACTDX | 36.88% |
| PIMCO Funds - PIMCO-HY MUNI-I | n/a | 29.91% |
| Russell Investment Company - RIC-T/E HI Y-S | n/a | 11.94% |
| Nuveen High Yield Municipal Bond Fund Class I | NHMRX | 6.67% |
| VanEck High Yield Muni ETF | HYD | 6.32% |
| Goldman Sachs High Yield Municipal Fund Institutional Class | GHYIX | 2.71% |
| Invesco Rochester® Municipal Opportunities Fund Class Y | ORNYX | 2.51% |
| BlackRock Liquidity Funds - MuniCash | MCSXX | 1.57% |
| AB High Income Municipal Portfolio Advisor Class | ABTYX | 1.03% |
| American High-Income Municipal Bond Fund - AF-H/I MUN-F3 | n/a | 0.00% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 29, 2026 | $0.0098 | Jan 30, 2026 |
| Dec 18, 2025 | $0.0439 | Dec 19, 2025 |
| Nov 26, 2025 | $0.0252 | Nov 28, 2025 |
| Oct 30, 2025 | $0.0267 | Oct 31, 2025 |
| Sep 29, 2025 | $0.0175 | Sep 30, 2025 |
| Aug 28, 2025 | $0.006 | Aug 29, 2025 |