Counterpoint Tactical Income Fund (CPITX)
The fund invests in mutual funds, closed-end funds and passively and actively managed exchange traded funds ("ETFs") that invest in (i) high yield instruments (also known as "junk") (including bonds, bank loans, preferred stock, floating rate bonds and debt and municipal high yield debt); (ii) obligations issued or guaranteed by the United States government, its agencies or instrumentalities, including U.S. treasuries (with an average duration of up to 5 years); and (iii) cash and cash equivalents (including money market funds).
Fund Info
US66538G7593
66538G759
Dec 3, 2014
$100,000
Expense Ratio
CPITX has a high expense ratio of 1.46%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Counterpoint Tactical Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Counterpoint Tactical Income Fund had a return of 0.00% year-to-date (YTD) and 6.08% in the last 12 months. Over the past 10 years, Counterpoint Tactical Income Fund had an annualized return of 4.88%, while the S&P 500 had an annualized return of 11.09%, indicating that Counterpoint Tactical Income Fund did not perform as well as the benchmark.
CPITX
0.00%
-0.87%
3.33%
6.08%
4.78%
4.88%
^GSPC (Benchmark)
0.00%
-2.50%
6.76%
23.31%
12.57%
11.09%
Monthly Returns
The table below presents the monthly returns of CPITX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.15% | 0.58% | 0.92% | -0.36% | 0.98% | 0.36% | 1.16% | 0.94% | 0.99% | -0.04% | 1.14% | 6.08% | |
| 2023 | 2.65% | -0.61% | 0.28% | 0.69% | -0.56% | 1.66% | 1.29% | 0.39% | -0.40% | -0.37% | 2.01% | 2.42% | 9.82% |
| 2022 | -1.48% | 0.27% | -1.20% | 0.08% | 0.25% | -0.85% | 0.60% | 0.06% | -0.26% | -0.22% | 0.80% | -0.45% | -2.40% |
| 2021 | -0.08% | 0.37% | 0.22% | 1.03% | 0.16% | 1.25% | 0.09% | 0.43% | -0.14% | -0.43% | -0.66% | 0.28% | 2.53% |
| 2020 | -0.26% | -1.45% | 0.49% | 0.00% | 0.09% | 1.03% | 3.57% | 0.23% | -1.07% | 0.29% | 3.72% | 1.66% | 8.47% |
| 2019 | 1.70% | 1.30% | 1.02% | 1.40% | -1.11% | 2.31% | 0.24% | 0.22% | 0.21% | 0.12% | 0.41% | 1.67% | 9.85% |
| 2018 | 0.07% | -1.45% | 0.28% | -0.46% | -0.08% | 0.07% | 1.08% | 0.60% | 0.24% | -1.78% | -1.57% | -1.15% | -4.13% |
| 2017 | 1.04% | 1.32% | -0.04% | 1.03% | 0.77% | -0.46% | 1.06% | 0.19% | 0.25% | 0.28% | -0.74% | 0.14% | 4.91% |
| 2016 | 1.41% | 0.40% | 2.77% | 2.94% | 0.46% | 0.93% | 2.22% | 2.10% | 0.79% | -0.12% | -0.87% | 0.50% | 14.32% |
| 2015 | -0.20% | 2.32% | -0.73% | 1.00% | 0.35% | -1.05% | 0.10% | -0.10% | 0.70% | -0.59% | -0.60% | -0.40% | 0.76% |
| 2014 | 0.00% | 0.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, CPITX is among the top 4% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Counterpoint Tactical Income Fund (CPITX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Counterpoint Tactical Income Fund provided a 5.27% dividend yield over the last twelve months, with an annual payout of $0.60 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.60 | $0.66 | $0.29 | $0.45 | $0.26 | $0.40 | $0.22 | $0.51 | $0.36 | $0.14 |
Dividend yield | 5.27% | 5.81% | 2.64% | 3.95% | 2.26% | 3.68% | 2.14% | 4.59% | 3.24% | 1.39% |
Monthly Dividends
The table displays the monthly dividend distributions for Counterpoint Tactical Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.05 | $0.00 | $0.60 |
| 2023 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.04 | $0.05 | $0.07 | $0.66 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.01 | $0.02 | $0.05 | $0.07 | $0.29 |
| 2021 | $0.07 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.45 |
| 2020 | $0.07 | $0.03 | $0.01 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.26 |
| 2019 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.02 | $0.03 | $0.00 | $0.40 |
| 2018 | $0.02 | $0.00 | $0.00 | $0.00 | $0.02 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.00 | $0.22 |
| 2017 | $0.03 | $0.02 | $0.04 | $0.04 | $0.05 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.16 | $0.51 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.07 | $0.36 |
| 2015 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Counterpoint Tactical Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Counterpoint Tactical Income Fund was 5.18%, occurring on Dec 26, 2018. Recovery took 74 trading sessions.
The current Counterpoint Tactical Income Fund drawdown is 1.22%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.18% | Jan 9, 2018 | 243 | Dec 26, 2018 | 74 | Apr 12, 2019 | 317 |
| -4.59% | Sep 17, 2021 | 211 | Jul 20, 2022 | 238 | Jun 30, 2023 | 449 |
| -3.13% | Oct 26, 2016 | 14 | Nov 14, 2016 | 56 | Feb 6, 2017 | 70 |
| -2.35% | Feb 21, 2020 | 6 | Feb 28, 2020 | 66 | Jun 3, 2020 | 72 |
| -2.32% | Sep 3, 2020 | 16 | Sep 25, 2020 | 10 | Oct 9, 2020 | 26 |
Volatility
Volatility Chart
The current Counterpoint Tactical Income Fund volatility is 1.16%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.