Counterpoint Tactical Municipal Fund (TMNIX)
The investment 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. It may indirectly and directly invest in issuers located in U.S. territories, commonwealths, possessions or protectorates. The fund may invest in debt securities of any credit quality or maturity. It may invest up to 100% of its assets in below investment grade securities.
Fund Info
US66538R3003
66538R300
Jun 10, 2018
$100,000
Expense Ratio
TMNIX has a high expense ratio of 1.00%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Counterpoint Tactical Municipal 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 Municipal Fund had a return of -0.09% year-to-date (YTD) and 3.32% in the last 12 months.
TMNIX
-0.09%
0.47%
-1.03%
3.32%
2.16%
N/A
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of TMNIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.28% | -0.09% | |||||||||||
| 2024 | 0.31% | 0.65% | 0.62% | -1.30% | 0.59% | 2.14% | 1.20% | 0.63% | 1.25% | -1.36% | 1.55% | -2.31% | 3.93% |
| 2023 | 4.07% | -2.87% | 1.61% | 0.28% | -0.76% | 0.55% | 0.16% | -1.60% | -0.41% | -0.03% | 2.83% | 3.04% | 6.84% |
| 2022 | -1.03% | -0.09% | -0.19% | -0.28% | 0.00% | -0.10% | 0.10% | -0.10% | -0.19% | 0.10% | 0.27% | -1.62% | -3.11% |
| 2021 | 1.45% | -1.43% | 0.78% | 1.20% | 0.80% | 0.75% | 0.79% | -0.46% | -1.00% | -0.09% | 0.00% | -2.31% | 0.41% |
| 2020 | 1.92% | 1.37% | -2.73% | 0.00% | -0.10% | 1.06% | 2.25% | -0.19% | -0.33% | -0.19% | 2.20% | 0.54% | 5.84% |
| 2019 | 0.45% | 0.79% | 1.87% | 0.56% | 1.52% | 0.40% | 0.56% | 1.90% | -0.53% | -0.01% | 0.12% | 0.26% | 8.16% |
| 2018 | 0.47% | 0.35% | 0.56% | -0.55% | -0.69% | 0.05% | 0.30% | 0.49% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TMNIX is 49, indicating average performance compared to other mutual funds on our website. Here’s 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 Municipal Fund (TMNIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Counterpoint Tactical Municipal Fund provided a 3.30% dividend yield over the last twelve months, with an annual payout of $0.35 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.36 | $0.36 | $0.04 | $0.20 | $0.17 | $0.33 | $0.11 |
Dividend yield | 3.30% | 3.32% | 3.40% | 0.37% | 1.85% | 1.52% | 3.19% | 1.10% |
Monthly Dividends
The table displays the monthly dividend distributions for Counterpoint Tactical Municipal 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.00 | $0.02 | ||||||||||
| 2024 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.36 |
| 2023 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.04 | $0.36 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.02 | $0.04 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.02 | $0.20 |
| 2020 | $0.00 | $0.01 | $0.03 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.17 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 | $0.33 |
| 2018 | $0.01 | $0.02 | $0.04 | $0.03 | $0.01 | $0.01 | $0.01 | $0.11 |
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 Municipal 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 Municipal Fund was 6.99%, occurring on Dec 30, 2022. Recovery took 272 trading sessions.
The current Counterpoint Tactical Municipal Fund drawdown is 2.67%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.99% | Jul 21, 2021 | 366 | Dec 30, 2022 | 272 | Feb 1, 2024 | 638 |
| -4.12% | Dec 10, 2024 | 23 | Jan 14, 2025 | — | — | — |
| -3.09% | Feb 28, 2020 | 65 | Jun 1, 2020 | 42 | Jul 30, 2020 | 107 |
| -2.62% | Oct 3, 2024 | 25 | Nov 6, 2024 | 19 | Dec 4, 2024 | 44 |
| -2.05% | Feb 17, 2021 | 7 | Feb 25, 2021 | 38 | Apr 21, 2021 | 45 |
Volatility
Volatility Chart
The current Counterpoint Tactical Municipal Fund volatility is 1.06%, 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.