Counterpoint Tactical Municipal Fund Class A NMFQS:TMNAX

High Yield Muni | Counterpoint Mutual Funds

$10.74

↑ $0.05 (0.47%)

Last Updated: Feb 17, 2026

Fund Information

Fund Category High Yield Muni

Fund Family Counterpoint Mutual Funds

Fund Style Large

ISIN US66538R1023

CUSIP 66538R102

Inception Date 2018-06-11

Domicile United States

Country USA

Fiscal Year End September

NAV Chart

Fund Metrics

Net Assets $291.01 Million

Share Class Net Assets $15.66 Million

Expense Ratio 1.71%

Expense Ratio Date 2025-02-01

Dividend Yield 0.03%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 0.34%

1-Year Return 2.75%

3-Year Return 2.97%

5-Year Return 2.15%

NAV $10.74

Previous Close Price $10.69

Last Update 2025-12-31

Dividend Information

Dividend Yield 0.03%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About Counterpoint Tactical Municipal Fund Class A

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.

Detailed Metrics

Market Cap Distribution

AverageMarketCap %

Giant %

Large %

Medium %

Micro %

Small %

Value & Growth Metrics

Book-Value Growth % -40.33%

Cash-Flow Growth % -46.36%

Dividend Yield % 0.00%

Historical Earnings % %

Long-Term Earnings % %

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	93.24%	93.33%	0.09%	96.82%	0.00%
Cash	6.75%	7.31%	0.56%	3.42%	0.00%
Non US Stock	0.00%	0.00%	0.00%	0.00%	0.00%
Not Classified	0.00%	0.00%	0.00%	0.00%	0.00%
Other	0.01%	0.01%	0.00%	0.08%	0.00%
US Stock	0.00%	0.00%	0.00%	0.00%	0.00%

Top Holdings

Name	Weight	Owned	Change
AF-H/I MUN-F3	0.00%	-	-
TRP-T/F H/Y-I	0.00%	-	-
V/E HI YLD MUNI	15.80%	-	-
DEL-NTL HY M-I	0.00%	-	-
PGIM-MUNI H/I-Z	0.00%	-	-
AC-H/Y MUNI-I	5.84%	-	-
NVN-H/Y MUN-I	4.72%	-	-
BLKR-LI MUNI-INS	93.84%	-	-
GS-H/Y MUNI-INS	0.33%	-	-
PIMCO-HY MUNI-I	0.33%	-	-
INV-RC MUN OP-Y	0.32%	-	-
US BOND FUTR OPTN Mar25P	0.05%	-	-

See the full breakdown of TMNAX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	0.00%	3.41%	7.25%	0.00%
Bond Sector	Corporate	0.00%	0.25%	0.86%	0.00%
Bond Sector	Derivative	0.00%	0.00%	0.00%	0.00%
Bond Sector	Government	0.00%	0.02%	0.00%	0.00%
Bond Sector	Municipal	0.00%	96.19%	90.92%	0.00%
Bond Sector	Securitized	0.00%	0.13%	0.96%	0.00%
Cyclical	Basic Materials	0.00%	0.00%	0.00%	0.00%
Cyclical	Consumer Cyclical	0.00%	0.00%	0.00%	0.00%
Cyclical	Financial Services	0.00%	0.00%	0.00%	0.00%
Cyclical	Real Estate	0.00%	0.00%	0.00%	0.00%
Defensive	Consumer Defensive	0.00%	0.00%	0.00%	0.00%
Defensive	Healthcare	0.00%	0.00%	0.00%	0.00%
Defensive	Utilities	0.00%	0.00%	0.00%	0.00%
Sensitive	Communication Services	0.00%	0.00%	0.00%	0.00%
Sensitive	Energy	0.00%	0.00%	0.00%	0.00%
Sensitive	Industrials	0.00%	0.00%	0.00%	0.00%
Sensitive	Technology	0.00%	0.00%	0.00%	0.00%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	-	-	-
Americas	North America	-	-	-
Greater Asia	Asia Developed	-	-	-
Greater Asia	Asia Emerging	-	-	-
Greater Asia	Australasia	-	-	-
Greater Asia	Japan	-	-	-
Greater Europe	Africa/Middle East	-	-	-
Greater Europe	Europe Developed	-	-	-
Greater Europe	Europe Emerging	-	-	-
Greater Europe	United Kingdom	-	-	-

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-12-18	$0.041	$0.041	USD	-	-	-	-
2024-11-27	$0.026	$0.026	USD	-	-	-	-
2024-10-30	$0.027	$0.027	USD	-	2024-10-29	2024-10-31	Monthly
2024-09-27	$0.025	$0.025	USD	-	2024-09-26	2024-09-30	Monthly
2024-08-29	$0.027	$0.027	USD	-	2024-08-28	2024-08-30	Monthly
2024-07-30	$0.028	$0.028	USD	-	2024-07-29	2024-07-31	Monthly
2024-06-27	$0.025	$0.025	USD	-	2024-06-26	2024-06-28	Monthly
2024-05-30	$0.030	$0.030	USD	-	2024-05-29	2024-05-31	Monthly
2024-04-29	$0.028	$0.028	USD	-	2024-04-26	2024-04-30	Monthly
2024-03-27	$0.024	$0.024	USD	-	2024-03-26	2024-03-28	Monthly
2024-02-28	$0.027	$0.027	USD	-	2024-02-27	2024-02-29	Monthly
2024-01-30	$0.021	$0.021	USD	-	2024-01-29	2024-01-31	Monthly
2023-12-18	$0.032	$0.032	USD	-	2023-12-15	2023-12-19	Monthly
2023-11-29	$0.023	$0.023	USD	-	2023-11-28	2023-11-30	Monthly
2023-10-30	$0.015	$0.015	USD	-	2023-10-27	2023-10-31	Monthly
2023-09-28	$0.026	$0.026	USD	-	2023-09-27	2023-09-29	Monthly
2023-08-30	$0.031	$0.031	USD	-	2023-08-29	2023-08-31	Monthly
2023-07-28	$0.025	$0.025	USD	-	2023-07-27	2023-07-31	Monthly
2023-06-29	$0.025	$0.025	USD	-	2023-06-28	2023-06-30	Monthly
2023-05-30	$0.028	$0.028	USD	-	2023-05-26	2023-05-31	Monthly
2023-04-27	$0.027	$0.027	USD	-	2023-04-26	2023-04-28	Monthly
2023-03-30	$0.035	$0.035	USD	-	2023-03-29	2023-03-31	Monthly
2023-02-27	$0.031	$0.031	USD	-	2023-02-24	2023-02-28	Monthly
2023-01-30	$0.038	$0.038	USD	2023-01-30	2023-01-27	2023-01-31	Monthly
2022-12-19	$0.017	$0.017	USD	2022-12-19	2022-12-16	2022-12-20	Monthly
2022-11-29	$0.005	$0.005	USD	2022-11-29	2022-11-28	2022-11-30	Monthly
2022-10-28	$0.008	$0.008	USD	2022-10-28	2022-10-27	2022-10-28	Monthly
2021-12-20	$0.011	$0.011	USD	2021-12-20	2021-12-17	2021-12-21	Other
2021-09-29	$0.017	$0.017	USD	2021-09-29	2021-09-28	2021-09-29	Monthly
2021-08-30	$0.016	$0.016	USD	2021-08-30	2021-08-27	2021-08-30	Monthly
2021-07-29	$0.016	$0.016	USD	2021-07-29	2021-07-28	2021-07-29	Monthly
2021-06-29	$0.020	$0.020	USD	2021-06-29	2021-06-28	2021-06-29	Monthly
2021-05-27	$0.016	$0.016	USD	2021-05-27	2021-05-26	2021-05-27	Monthly
2021-04-29	$0.018	$0.018	USD	2021-04-29	2021-04-28	2021-04-29	Monthly
2021-03-30	$0.021	$0.021	USD	2021-03-30	2021-03-29	2021-03-30	Monthly
2021-02-25	$0.021	$0.021	USD	2021-02-25	2021-02-24	2021-02-25	Monthly
2021-01-28	$0.015	$0.015	USD	2021-01-28	2021-01-27	2021-01-28	Monthly
2020-12-21	$0.027	$0.027	USD	2020-12-21	2020-12-18	2020-12-21	Monthly
2020-11-27	$0.021	$0.021	USD	2020-11-27	2020-11-25	2020-11-27	Monthly
2020-10-29	$0.018	$0.018	USD	2020-10-29	2020-10-28	2020-10-29	Monthly
2020-09-29	$0.023	$0.023	USD	2020-09-29	2020-09-28	2020-09-29	Monthly
2020-08-28	$0.017	$0.017	USD	2020-08-28	2020-08-27	2020-08-28	Monthly
2020-07-30	$0.010	$0.010	USD	2020-07-30	2020-07-29	2020-07-30	Monthly
2020-03-30	$0.026	$0.026	USD	2020-03-30	2020-03-27	2020-03-30	Monthly
2019-12-27	$0.054	$0.054	USD	2019-12-27	2019-12-26	2019-12-27	Monthly
2019-11-27	$0.021	$0.021	USD	2019-11-27	2019-11-26	2019-11-27	Monthly
2019-10-30	$0.017	$0.017	USD	2019-01-29	2019-10-29	2019-10-30	Monthly
2019-09-27	$0.021	$0.021	USD	2019-01-29	2019-09-26	2019-09-27	Monthly
2019-08-29	$0.015	$0.015	USD	2019-01-29	2019-08-28	2019-08-29	Monthly
2019-07-30	$0.025	$0.025	USD	2019-01-29	2019-07-29	2019-07-30	Monthly
2019-06-27	$0.019	$0.019	USD	2019-06-27	2019-06-26	2019-06-27	Monthly
2019-05-30	$0.033	$0.033	USD	2019-05-30	2019-05-29	2019-05-30	Monthly
2019-04-29	$0.025	$0.025	USD	2019-04-29	2019-04-26	2019-04-29	Monthly
2019-03-28	$0.025	$0.025	USD	2019-03-28	2019-03-27	2019-03-28	Monthly
2019-02-27	$0.027	$0.027	USD	2019-02-27	2019-02-26	2019-02-27	Monthly
2019-01-30	$0.024	$0.024	USD	2019-01-30	2019-01-29	2019-01-30	Monthly
2018-12-20	$0.008	$0.008	USD	2018-12-20	2018-12-19	2018-12-20	Monthly
2018-11-29	$0.003	$0.003	USD	2018-11-29	2018-11-28	2018-11-29	Monthly
2018-10-30	$0.009	$0.009	USD	2018-10-30	2018-10-29	2018-10-30	Monthly
2018-09-27	$0.026	$0.026	USD	2018-09-27	2018-09-26	2018-09-27	Monthly
2018-08-30	$0.030	$0.030	USD	2018-08-30	2018-08-29	2018-08-30	Monthly
2018-07-30	$0.015	$0.015	USD	2018-07-30	2018-07-27	2018-07-30	Monthly
2018-06-28	$0.007	$0.007	USD	2018-06-28	2018-06-27	2018-06-28	Other

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