CPATX — Counterpoint Tactical Income Fund
Data updated: 2026-08-28
CPATX — Counterpoint Tactical Income Fund. Ultra-Short Treasury / Sovereign Bond · $1.88B AUM. Holdings, fees, performance and SEC filings.
CPATX Fund Overview
CPATX — Counterpoint Tactical Income Fund is a US mutual fund managed by Northern Lights Fund Trust III, categorised as Ultra-Short Treasury / Sovereign Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Northern Lights Fund Trust III
- Category: Ultra-Short Treasury / Sovereign Bond
- Assets under management: $1.88B
- 1-year return: 2.5%
- Ticker: CPATX
- SEC CIK: 0001537140
- SEC series ID: S000046898
- Share class ID: C000146567
CPATX Holdings
Top 10 holdings of Counterpoint Tactical Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Blackrock Funds V | 36.97% |
| Prudential Investment Portfolios, Inc. 15 | 30.68% |
| Pimco High Yield Fund | 10.53% |
| Ishares Trust | 7.41% |
| Ishares Trust | 4.15% |
| United States Of America - Bureau Of The Public Debt | 3.96% |
| United States Of America - Bureau Of The Public Debt | 3.17% |
| Goldman Sachs Trust | 0.83% |
| Cdx.na.hy Series 46 | 0.68% |
| Transamerica Funds | 0.26% |
CPATX Portfolio Allocation
Asset-class allocation of Counterpoint Tactical Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 90.2% |
| Fixed Income | 7.1% |
| Cash & Equivalents | 0.8% |
| Derivatives | 0.7% |
CPATX Performance
Total returns for CPATX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -0.6% |
| 1 year | 2.5% |
| 3 years (annualised) | 5.2% |
| 5 years (annualised) | 3.2% |
CPATX Risk Information
Risk metrics for CPATX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.3%
CPATX Costs and Fees
CPATX costs about $212 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.12%
- Gross expense ratio: 2.12%
- Portfolio turnover: 94%
- Brokerage commissions: 2.49 bps of average net assets (SEC N-CEN)
CPATX Cashflows
Over the 12 months to 2026-06, Counterpoint Tactical Income Fund had net outflows of $53.30M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$13.59M |
| 2026-05 | −$6.87M |
| 2026-04 | −$50.71M |
| 2026-03 | −$17.69M |
| 2026-02 | −$1.32M |
| 2026-01 | −$34.50M |
CPATX Debt Constituents
Largest debt holdings of Counterpoint Tactical Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Of America - Bureau Of The Public Debt | 3.96% |
| United States Of America - Bureau Of The Public Debt | 3.17% |
CPATX Prospectus and SEC Filings
Official Counterpoint Tactical Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-01-28
- Prospectus (485BPOS) — filed 2025-01-27
- Prospectus supplement (497) — filed 2026-02-04
- Portfolio holdings (N-PORT) — filed 2026-08-28
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2025-12-15
- Annual census (N-CEN) — filed 2024-12-13
Related Funds
Other Ultra-Short Treasury / Sovereign Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.