Northern Lights Fund Trust III - Counterpoint Tactical Municipal Fund (TMNCX)
| Fund Assets | 281.32M |
| Expense Ratio | 2.46% |
| Min. Investment | $5,000 |
| Turnover | 13.00% |
| Dividend (ttm) | 0.20 |
| Dividend Yield | 1.90% |
| Dividend Growth | -12.61% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 28, 2025 |
| Previous Close | 10.51 |
| YTD Return | 0.29% |
| 1-Year Return | -1.78% |
| 5-Year Return | 9.87% |
| 52-Week Low | 10.19 |
| 52-Week High | 10.92 |
| Beta (5Y) | 0.14 |
| Holdings | 17 |
| 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 -1.78% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.64%.
Top 10 Holdings
99.82% of assets| Name | Symbol | Weight |
|---|---|---|
| BlackRock Liquidity Funds - MuniCash | MCSXX | 86.81% |
| Nuveen Municipal - NVN-H/Y MUN-I | n/a | 6.41% |
| Goldman Sachs High Yield Muni Instl | GHYIX | 2.62% |
| Invesco Rochester Municipal Opps Y | ORNYX | 2.43% |
| AB High Income Municipal Advisor | ABTYX | 0.99% |
| PIMCO Funds - PIMCO-HY MUNI-I | n/a | 0.34% |
| Russell Investment Company - RIC-T/E HI Y-S | n/a | 0.17% |
| CDXHY43 Swaption P105 | n/a | 0.04% |
| OPTION ISSUER - US BOND FUTR OPTN Aug25P | n/a | 0.02% |
| American High-Income Municipal Bond Fund - AF-H/I MUN-F3 | n/a | 0.00% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 28, 2025 | $0.006 | Aug 29, 2025 |
| Jul 30, 2025 | $0.0039 | Jul 31, 2025 |
| Jun 27, 2025 | $0.005 | Jun 30, 2025 |
| May 29, 2025 | $0.0078 | May 30, 2025 |
| Apr 29, 2025 | $0.0147 | Apr 30, 2025 |
| Mar 28, 2025 | $0.027 | Mar 31, 2025 |