TMNIX Performance — Counterpoint Tactical Municipal Fund, Class I
Data updated: 2026-08-28
TMNIX returned +2.30% year to date and +6.70% over one year to Jun 2026. Annualised returns are +4.32% over 3 years and +2.36% over 5 years. The fund trailed its Alternative category average: $100 invested three years ago grew to $114, against $170 for the category, and to $107 over one year, against $110. Volatility over the past three years was 4.64% a year. In the 12 months to Jun 2026 the fund lost a net $13.9M, and assets reached $289.67M.
TMNIX Growth of $100
What $100 invested in Counterpoint Tactical Municipal Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Alternative category average over the same months.
| Period | TMNIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $107 | $110 |
| 3 years (Jul 2023 – Jun 2026) | $114 | $170 |
| 5 years (Jul 2021 – Jun 2026) | $112 | $159 |
| Since data start (Jan 2020 – Jun 2026) | $124 | $183 |
TMNIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.30% |
| 1 year | +6.70% |
| 3 years (annualised) | +4.32% |
| 5 years (annualised) | +2.36% |
TMNIX Annual Returns
Calendar-year total returns of Counterpoint Tactical Municipal Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +2.30% |
| 2025 | +2.74% |
| 2024 | +3.89% |
| 2023 | +6.85% |
| 2022 | −3.10% |
| 2021 | +2.96% |
| 2020 | +6.72% |
TMNIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.4% | +1.6% | −2.2% | +0.9% | +0.5% | +1.1% | — | — | — | — | — | — |
| 2025 | +0.3% | +0.7% | −2.3% | −0.2% | +0.1% | −0.1% | −0.2% | +0.1% | +3.2% | +1.0% | +0.4% | −0.2% |
| 2024 | +0.3% | +0.6% | +0.6% | −1.3% | +0.6% | +2.1% | +1.2% | +0.6% | +1.2% | −1.4% | +1.5% | −2.3% |
| 2023 | +4.1% | −2.9% | +1.6% | +0.3% | −0.8% | +0.5% | +0.2% | −1.6% | −0.4% | 0.0% | +2.8% | +3.0% |
| 2022 | −1.0% | −0.1% | −0.2% | −0.3% | 0.0% | −0.1% | +0.1% | −0.1% | −0.2% | +0.1% | +0.3% | −1.6% |
| 2021 | +1.5% | −1.4% | +0.8% | +1.2% | +0.8% | +0.8% | +0.8% | −0.5% | −1.0% | −0.1% | 0.0% | +0.2% |
| 2020 | +1.9% | +1.4% | −2.7% | 0.0% | −0.1% | +1.1% | +2.2% | −0.2% | −0.3% | −0.2% | +2.2% | +1.4% |
TMNIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 4.64%
- 3-year Sharpe ratio: -0.04 (vs 4.5% risk-free rate)
- Best month: +3.24% (Sep 2025)
- Worst month: −2.31% (Dec 2024)
TMNIX Fund Flows
Monthly money in and out of Counterpoint Tactical Municipal Fund, from SEC Form N-PORT.
- 12-month net flow: −$13.9M
- 12-month gross sales (incl. reinvestments): $89.1M
- Sales ÷ redemptions: 0.87×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $6.6M | $5.9M | $741K |
| May 2026 | $5.2M | $6.2M | −$953K |
| Apr 2026 | $7.4M | $10.0M | −$2.7M |
| Mar 2026 | $7.6M | $6.9M | $724K |
| Feb 2026 | $4.9M | $7.7M | −$2.8M |
| Jan 2026 | $6.6M | $5.0M | $1.6M |
| Dec 2025 | $8.7M | $10.2M | −$1.5M |
| Nov 2025 | $13.5M | $6.9M | $6.6M |
| Oct 2025 | $4.5M | $6.7M | −$2.2M |
| Sep 2025 | $7.2M | $8.6M | −$1.4M |
| Aug 2025 | $8.8M | $8.6M | $159K |
| Jul 2025 | $8.2M | $20.3M | −$12.1M |
TMNIX Assets Under Management
Net assets of Counterpoint Tactical Municipal Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $289.67M |
| 2026-03-31 | $287.40M |
| 2025-12-31 | $291.01M |
| 2025-09-30 | $288.23M |
| 2025-06-30 | $294.23M |
| 2025-03-31 | $304.39M |
| 2024-12-31 | $307.55M |
| 2024-09-30 | $302.66M |
| 2024-06-30 | $274.61M |
| 2024-03-31 | $264.44M |
| 2023-12-31 | $243.56M |
| 2023-09-30 | $197.79M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.