Counterpoint Mutual Funds, a quantitative, mutual fund provider specializing in defensive, diversifier strategies, announced that the Counterpoint Tactical Income Fund (CPITX) has received a five-year, five-star rating from Morningstar, Inc., a leading provider of independent investment research. Only the top 10% of funds in each category receive five stars.
"We are very pleased to receive the '5-Star' 5-year Morningstar rating for the first five years after launching the Counterpoint Tactical Income Fund," says Michael Krause, CFA, co-founder and co-portfolio manager of Counterpoint Mutual Funds.
Developed by Counterpoint Mutual Funds, the Counterpoint Tactical Income Fund (CPITX) launched Dec., 2014, and had $365.62 million in net portfolio assets as of Dec. 31, 2019. Using a quantitative, trend-following model, Counterpoint Tactical Income Fund seeks absolute returns via exposure to high-yield bond assets during favorable market environments and seeks a "risk-off" position in short-duration U.S. Treasuries during times of market stress. The fund gives investors a "diversifier" strategy to potentially improve portfolio performance by either boosting returns within a given risk budget, or by reducing portfolio draw-down risk without unduly sacrificing returns. Read related news here.
"This recognition highlights our team's systematic and strategy-focused approach to investing to regularly deliver high-quality, risk-adjusted returns while largely avoiding volatility," added Mr. Krause. "We would also like to thank the clients who showed confidence in our strategy from the very beginning." Read here.
For more information on the Counterpoint Tactical Income Fund, please visit: http://www.cpmutualfunds.com/cpitx.
About Counterpoint
Counterpoint Mutual Funds is a defensive, systematic and research driven mutual fund provider with 4 funds and over $400 million in assets under management. Counterpoint is focused on offering defensive fixed income and equity diversifier strategies designed to drive portfolio performance over the long-run. Counterpoint's mutual funds employ quantitative investment strategies that base asset allocation and security selection decisions on academic research and statistical analysis. Counterpoint Mutual Funds, LLC, is located at: 12760 High Bluff Drive, Suite 280, San Diego, CA 92130. Tel: 844-273-8637
NOT FDIC INSURED - MAY LOSE VALUE - NO BANK GUARANTEE
Disclosures
©2020 Morningstar. All Rights Reserved. The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.
Mutual fund investing involves risk. Principal loss is possible.
Past performance is no guarantee of future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund. This information and other important information about the Fund is contained in the Prospectus, which can be obtained at: http://www.counterpointmutualfunds.com or by calling +1 (844) 273-8637. The Prospectus should be read carefully before investing.
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