Counterpoint Tactical Municipal Fund (TMNIX)

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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.

Counterpoint Tactical Municipal Fund (TMNIX) has returned -0.24% so far this year and 3.88% over the past 12 months.

Based on dividend-adjusted daily data since Jun 28, 2018, TMNIX's average daily return is +0.01%, while the average monthly return is +0.30%. At this rate, your investment would double in approximately 19.3 years.

Historically, 60% of months were positive and 40% were negative. The best month was Jan 2023 with a return of +4.1%, while the worst month was Feb 2023 at -2.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.

On a daily basis, TMNIX closed higher 33% of trading days. The best single day was Dec 15, 2023 with a return of +1.2%, while the worst single day was Mar 9, 2020 at -1.6%.

Counterpoint Tactical Municipal Fund has an annualized alpha of 3.61%, beta of 0.00, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since June 29, 2018.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (14.38%) than losses (10.94%) — typical of diversified or defensive assets.
• Beta of 0.00 may look defensive, but with R² of 0.00 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.00 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

TMNIX has a high expense ratio of 1.00%, indicating above-average management fees.

TMNIX ranks 82 for risk / return — in the top 82% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Counterpoint Tactical Municipal Fund (TMNIX) and compare them to a chosen benchmark (S&P 500 Index).

Counterpoint Tactical Municipal Fund provided a 3.07% dividend yield over the last twelve months, with an annual payout of $0.32 per share.

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.

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.

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 4.63%, occurring on Dec 30, 2022. Recovery took 241 trading sessions.

The current Counterpoint Tactical Municipal Fund drawdown is 2.18%.

The chart below shows the rolling one-month volatility.