Counterpoint Tactical Municipal Fund Class I NMFQS:TMNIX

High Yield Muni | Counterpoint Mutual Funds

$10.76

↑ $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 US66538R3003

CUSIP 66538R300

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 $272.10 Million

Expense Ratio 1.46%

Expense Ratio Date 2025-02-01

Dividend Yield 0.03%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 0.35%

1-Year Return 3.11%

3-Year Return 3.20%

5-Year Return 2.39%

NAV $10.76

Previous Close Price $10.71

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 I

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	6.32%	-	-
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	6.67%	-	-
BLKR-LI MUNI-INS	1.57%	-	-
GS-H/Y MUNI-INS	2.71%	-	-
PIMCO-HY MUNI-I	29.91%	-	-
INV-RC MUN OP-Y	2.51%	-	-
US BOND FUTR OPTN Mar25P	0.05%	-	-
INV-H/Y MUNI-Y	36.88%	-	-
RIC-T/E HI Y-S	11.94%	-	-
AB HIGH INC MUNICIPAL-ADV	1.03%	-	-

See the full breakdown of TMNIX 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	$0.046	$0.046	USD	-	-	-	-
2024-11-27	$0.028	$0.028	USD	-	-	-	-
2024-10-30	$0.029	$0.029	USD	-	2024-10-29	2024-10-31	Monthly
2024-09-27	$0.027	$0.027	USD	-	2024-09-26	2024-09-30	Monthly
2024-08-29	$0.029	$0.029	USD	-	2024-08-28	2024-08-30	Monthly
2024-07-30	$0.030	$0.030	USD	-	2024-07-29	2024-07-31	Monthly
2024-06-27	$0.027	$0.027	USD	-	2024-06-26	2024-06-28	Monthly
2024-05-30	$0.032	$0.032	USD	-	2024-05-29	2024-05-31	Monthly
2024-04-29	$0.030	$0.030	USD	-	2024-04-26	2024-04-30	Monthly
2024-03-27	$0.026	$0.026	USD	-	2024-03-26	2024-03-28	Monthly
2024-02-28	$0.029	$0.029	USD	-	2024-02-27	2024-02-29	Monthly
2024-01-30	$0.023	$0.023	USD	-	2024-01-29	2024-01-31	Monthly
2023-12-18	$0.035	$0.035	USD	-	2023-12-15	2023-12-19	Monthly
2023-11-29	$0.026	$0.026	USD	-	2023-11-28	2023-11-30	Monthly
2023-10-30	$0.017	$0.017	USD	-	2023-10-27	2023-10-31	Monthly
2023-09-28	$0.028	$0.028	USD	-	2023-09-27	2023-09-29	Monthly
2023-08-30	$0.033	$0.033	USD	-	2023-08-29	2023-08-31	Monthly
2023-07-28	$0.027	$0.027	USD	-	2023-07-27	2023-07-31	Monthly
2023-06-29	$0.027	$0.027	USD	-	2023-06-28	2023-06-30	Monthly
2023-05-30	$0.030	$0.030	USD	-	2023-05-26	2023-05-31	Monthly
2023-04-27	$0.029	$0.029	USD	-	2023-04-26	2023-04-28	Monthly
2023-03-30	$0.037	$0.037	USD	-	2023-03-29	2023-03-31	Monthly
2023-02-27	$0.033	$0.033	USD	-	2023-02-24	2023-02-28	Monthly
2023-01-30	$0.040	$0.040	USD	2023-01-30	2023-01-27	2023-01-31	Monthly
2022-12-19	$0.020	$0.020	USD	2022-12-19	2022-12-16	2022-12-20	Monthly
2022-11-29	$0.008	$0.008	USD	2022-11-29	2022-11-28	2022-11-30	Monthly
2022-10-28	$0.010	$0.010	USD	2022-10-28	2022-10-27	2022-10-28	Monthly
2021-12-20	$0.017	$0.017	USD	2021-12-20	2021-12-17	2021-12-21	Other
2021-09-29	$0.019	$0.019	USD	2021-09-29	2021-09-28	2021-09-29	Monthly
2021-08-30	$0.019	$0.019	USD	2021-08-30	2021-08-27	2021-08-30	Monthly
2021-07-29	$0.018	$0.018	USD	2021-07-29	2021-07-28	2021-07-29	Monthly
2021-06-29	$0.023	$0.023	USD	2021-06-29	2021-06-28	2021-06-29	Monthly
2021-05-27	$0.018	$0.018	USD	2021-05-27	2021-05-26	2021-05-27	Monthly
2021-04-29	$0.020	$0.020	USD	2021-04-29	2021-04-28	2021-04-29	Monthly
2021-03-30	$0.024	$0.024	USD	2021-03-30	2021-03-29	2021-03-30	Monthly
2021-02-25	$0.023	$0.023	USD	2021-02-25	2021-02-24	2021-02-25	Monthly
2021-01-28	$0.017	$0.017	USD	2021-01-28	2021-01-27	2021-01-28	Monthly
2020-12-21	$0.029	$0.029	USD	2020-12-21	2020-12-18	2020-12-21	Monthly
2020-11-27	$0.023	$0.023	USD	2020-11-27	2020-11-25	2020-11-27	Monthly
2020-10-29	$0.020	$0.020	USD	2020-10-29	2020-10-28	2020-10-29	Monthly
2020-09-29	$0.025	$0.025	USD	2020-09-29	2020-09-28	2020-09-29	Monthly
2020-08-28	$0.019	$0.019	USD	2020-08-28	2020-08-27	2020-08-28	Monthly
2020-07-30	$0.017	$0.017	USD	2020-07-30	2020-07-29	2020-07-30	Monthly
2020-03-30	$0.027	$0.027	USD	2020-03-30	2020-03-27	2020-03-30	Monthly
2020-02-27	$0.005	$0.005	USD	2020-02-27	2020-02-26	2020-02-27	Monthly
2019-12-27	$0.057	$0.057	USD	2019-12-27	2019-12-26	2019-12-27	Monthly
2019-11-27	$0.023	$0.023	USD	2019-11-27	2019-11-26	2019-11-27	Monthly
2019-10-30	$0.019	$0.019	USD	2019-01-29	2019-10-29	2019-10-30	Monthly
2019-09-27	$0.024	$0.024	USD	2019-01-29	2019-09-26	2019-09-27	Monthly
2019-08-29	$0.017	$0.017	USD	2019-01-29	2019-08-28	2019-08-29	Monthly
2019-07-30	$0.028	$0.028	USD	2019-01-29	2019-07-29	2019-07-30	Monthly
2019-06-27	$0.021	$0.021	USD	2019-06-27	2019-06-26	2019-06-27	Monthly
2019-05-30	$0.035	$0.035	USD	2019-05-30	2019-05-29	2019-05-30	Monthly
2019-04-29	$0.027	$0.027	USD	2019-04-29	2019-04-26	2019-04-29	Monthly
2019-03-28	$0.027	$0.027	USD	2019-03-28	2019-03-27	2019-03-28	Monthly
2019-02-27	$0.029	$0.029	USD	2019-02-27	2019-02-26	2019-02-27	Monthly
2019-01-30	$0.025	$0.025	USD	2019-01-30	2019-01-29	2019-01-30	Monthly
2018-12-20	$0.010	$0.010	USD	2018-12-20	2018-12-19	2018-12-20	Monthly
2018-11-29	$0.005	$0.005	USD	2018-11-29	2018-11-28	2018-11-29	Monthly
2018-10-30	$0.011	$0.011	USD	2018-10-30	2018-10-29	2018-10-30	Monthly
2018-09-27	$0.025	$0.025	USD	-	-	-	-
2018-08-30	$0.036	$0.036	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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