Northern Lights Fund Trust III - Counterpoint Tactical Municipal Fund (TMNIX)
| Fund Assets | 288.23M |
| Expense Ratio | 1.46% |
| Min. Investment | $100,000 |
| Turnover | 13.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 2.76% |
| Dividend Growth | -9.74% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 29, 2025 |
| Previous Close | 10.70 |
| YTD Return | 0.61% |
| 1-Year Return | -1.21% |
| 5-Year Return | 15.45% |
| 52-Week Low | 10.37 |
| 52-Week High | 11.05 |
| Beta (5Y) | n/a |
| Holdings | 17 |
| Inception Date | Jun 11, 2018 |
About TMNIX
Counterpoint Tactical Municipal Fund Class I is an institutional mutual fund specializing in municipal bond investments. Its primary objective is to provide tax-free income and capital preservation by investing at least 80% of its assets in municipal securities, including mutual funds and ETFs holding high-yield or high-quality municipal bonds. Notably, the fund employs a quantitative, trend-following strategy that actively adjusts credit exposure in response to market conditions, aiming to enhance risk-adjusted returns while minimizing volatility. In favorable market environments, the portfolio leans towards high-yield municipal bonds, shifting to more conservative holdings during periods of increased risk. This tactical allocation is backed by empirical market research, distinguishing the fund within the municipal bond category. Counterpoint Tactical Municipal Fund Class I plays a specialized role for institutions seeking municipal exposure with dynamic risk management, contributing to diversification and offering the potential for tax-advantaged income in fixed income allocations.
Performance
TMNIX had a total return of -1.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.59%.
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 |
|---|---|---|
| Sep 29, 2025 | $0.0261 | Sep 30, 2025 |
| Aug 28, 2025 | $0.0141 | Aug 29, 2025 |
| Jul 30, 2025 | $0.0138 | Jul 31, 2025 |
| Jun 27, 2025 | $0.0132 | Jun 30, 2025 |
| May 29, 2025 | $0.0163 | May 30, 2025 |
| Apr 29, 2025 | $0.0236 | Apr 30, 2025 |