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Trending ETFs

Counterpoint High Yield Trend ETF

Active ETF
HYTR
Payout Change
Pending
Price as of:
$21.39 -0.01 -0.02%
primary theme
High Yield Bond
HYTR (ETF)

Counterpoint High Yield Trend ETF

Payout Change
Pending
Price as of:
$21.39 -0.01 -0.02%
primary theme
High Yield Bond
HYTR (ETF)

Counterpoint High Yield Trend ETF

Payout Change
Pending
Price as of:
$21.39 -0.01 -0.02%
primary theme
High Yield Bond

Name

As of 05/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$21.39

$7.53 M

6.47%

$1.38

3.55%

Vitals

YTD Return

1.4%

1 yr return

7.7%

3 Yr Avg Return

-0.3%

5 Yr Avg Return

N/A

Net Assets

$7.53 M

Holdings in Top 10

99.5%

52 WEEK LOW AND HIGH

$21.4
$20.17
$21.57

Expenses

OPERATING FEES

Expense Ratio 3.55%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 255.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$21.39

$7.53 M

6.47%

$1.38

3.55%

HYTR - Profile

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return -0.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.28%
DIVIDENDS
  • Dividend Yield 6.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Counterpoint High Yield Trend ETF
  • Fund Family Name
    Counterpoint Mutual Funds
  • Inception Date
    Jan 21, 2020
  • Shares Outstanding
    425000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Joseph Engelberg

Fund Description

The Fund seeks to achieve its investment objective by investing at least 80% of its net assets plus borrowings for investment purposes in the constituents of the CP High Yield Trend Index, or economic equivalents thereto, including total return swaps on the returns of the Index. Any total return swap in which the Fund invests will match the value as if the Fund had directly purchased the securities in the Index.

The rules-based Index is comprised of constituents that are a blend of allocations to two asset classes: unaffiliated U.S. high yield corporate bond (or “junk bond”) exchange-traded funds (“ETFs”) and unaffiliated U.S. 3-7 year Treasury ETFs. The Index also includes a stop loss mechanism on the U.S. 3-7 year Treasury ETFs that allows the Index to invest in U.S. T-bill ETFs.

The Adviser sponsors and creates the Index and Solactive, A.G. (the “Index Provider”), who has contracted with the Adviser, calculates and publishes the Index. The Index ‘s approximately four constituents are weighted using a model that determines allocations to U.S. high yield corporate bond ETFs and U.S. 3-7 year Treasury ETFs or U.S. T-bill ETFs when the Index is rebalanced, which can occur daily. At any given time, U.S. high yield corporate bond ETFs (of any maturity or duration) make up 20%, 40%, 60%, 80% or 100% of the Index with the remainder in U.S. 3-7 year Treasury ETFs or U.S. T-bill ETFs.

The model has two steps: determining an allocation to U.S. high yield corporate bond ETFs and rounding that allocation to optimize for lower transaction costs. The first step of the model determines a recommended allocation to U.S. high yield corporate bond ETFs by evaluating:(i) ratios of the current market price of a chosen U.S. high yield corporate bond ETF divided by its moving average price (i.e., the average price of the ETF over a recent time period, adjusted for dividends) over different time periods and; (ii) the historical momentum returns of U.S. high yield corporate bond ETFs for the same periods. The model gives 75% weight to the moving average price signals and 25% weight to the historical momentum signals and uses a mathematical formula to determine a recommended allocation to U.S. high yield corporate bond ETFs. The formula yields a number up to one to determine the allocation to U.S. high yield corporate bond ETFs.

The second step of the quantitative model rounds this allocation to the nearest 20% increment (i.e., 20%, 40%, 60%, 80% or 100%), but only adjusts the final allocation to U.S. high yield corporate bond ETFs to move by 20% increments day-over-day (i.e., 20% to 40%, 40% to 60%, but not 20% to 60%). No adjustment is made if the rounded allocation from the second step varies by more than 5% from the recommended allocation of the first step.

The Fund generally replicates the Index, but follows an active management strategy and may decline to follow the Index when, in the Adviser’s judgment, it would be advantageous to do so. For example, the Fund may deviate from the Index if the Adviser believes that shifts in the model’s recommended allocations are only temporary, or if the Adviser determines that specific securities are mispriced and identifies U.S. high yield corporate bond ETFs or U.S 3-7 year Treasury ETFs that the Adviser perceives to have the potential to provide better returns than the Index’s constituents.

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HYTR - Performance

Return Ranking - Trailing

Period HYTR Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -5.7% 6.7% 81.80%
1 Yr 7.7% -5.2% 17.1% 92.56%
3 Yr -0.3%* -15.9% 20.3% 90.92%
5 Yr N/A* -11.8% 37.1% 9.03%
10 Yr N/A* -5.0% 19.5% 9.09%

* Annualized

Return Ranking - Calendar

Period HYTR Return Category Return Low Category Return High Rank in Category (%)
2023 2.5% -4.7% 14.3% 94.30%
2022 -12.4% -33.4% 3.6% 15.18%
2021 -1.0% -8.4% 8.2% 80.53%
2020 N/A -13.2% 302.7% N/A
2019 N/A -4.4% 13.3% N/A

Total Return Ranking - Trailing

Period HYTR Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -5.7% 6.7% 81.80%
1 Yr 7.7% -5.2% 17.1% 92.56%
3 Yr -0.3%* -15.9% 20.3% 90.92%
5 Yr N/A* -11.8% 37.1% N/A
10 Yr N/A* -5.0% 19.5% N/A

* Annualized

Total Return Ranking - Calendar

Period HYTR Return Category Return Low Category Return High Rank in Category (%)
2023 8.3% -4.7% 17.8% 92.72%
2022 -11.3% -33.4% 47.8% 64.38%
2021 2.7% -8.4% 12.4% 90.52%
2020 N/A -9.6% 325.6% N/A
2019 N/A 0.9% 19.4% N/A

HYTR - Holdings

Concentration Analysis

HYTR Category Low Category High HYTR % Rank
Net Assets 7.53 M 1.45 M 23.6 B 99.53%
Number of Holdings 3 2 2736 99.84%
Net Assets in Top 10 5.85 M -492 M 4.55 B 94.28%
Weighting of Top 10 99.54% 4.2% 146.9% 0.64%

Top 10 Holdings

  1. ISHARES BROAD USD HIGH YI 39.47%
  2. ISHARES IBOXX HIGH YLD CO 30.05%
  3. SPDR BLOOMBERG H 30.02%

Asset Allocation

Weighting Return Low Return High HYTR % Rank
Stocks
99.54% 0.00% 99.54% 0.16%
Cash
0.46% -52.00% 48.07% 89.98%
Preferred Stocks
0.00% 0.00% 7.88% 70.27%
Other
0.00% -63.70% 102.57% 62.64%
Convertible Bonds
0.00% 0.00% 17.89% 96.66%
Bonds
0.00% -3.13% 154.38% 98.73%

Stock Sector Breakdown

Weighting Return Low Return High HYTR % Rank
Utilities
0.00% 0.00% 100.00% 48.57%
Technology
0.00% 0.00% 33.17% 40.88%
Real Estate
0.00% 0.00% 86.71% 46.37%
Industrials
0.00% 0.00% 93.12% 56.70%
Healthcare
0.00% 0.00% 22.17% 43.30%
Financial Services
0.00% 0.00% 100.00% 59.78%
Energy
0.00% 0.00% 100.00% 0.22%
Communication Services
0.00% 0.00% 99.99% 57.80%
Consumer Defense
0.00% 0.00% 100.00% 44.62%
Consumer Cyclical
0.00% 0.00% 100.00% 51.65%
Basic Materials
0.00% 0.00% 100.00% 42.20%

Stock Geographic Breakdown

Weighting Return Low Return High HYTR % Rank
US
99.54% 0.00% 99.54% 0.16%
Non US
0.00% -0.01% 0.83% 59.14%

HYTR - Expenses

Operational Fees

HYTR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.55% 0.02% 38.33% 1.75%
Management Fee 0.50% 0.00% 1.84% 33.76%
12b-1 Fee 0.00% 0.00% 1.00% 8.63%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

HYTR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HYTR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HYTR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 255.00% 1.00% 255.00% 100.00%

HYTR - Distributions

Dividend Yield Analysis

HYTR Category Low Category High HYTR % Rank
Dividend Yield 6.47% 0.00% 11.65% 74.41%

Dividend Distribution Analysis

HYTR Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

HYTR Category Low Category High HYTR % Rank
Net Income Ratio 3.28% -2.39% 14.30% 89.64%

Capital Gain Distribution Analysis

HYTR Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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HYTR - Fund Manager Analysis

Managers

Joseph Engelberg


Start Date

Tenure

Tenure Rank

Jan 22, 2020

2.36

2.4%

Joseph Engelberg has served as Chief Research Officer of Counterpoint Mutual Funds, LLC since 2015. Dr. Engelberg has also been an Associate Professor of Finance at University California San Diego, Rady School of Management since 2011. Prior to joining Counterpoint Mutual Funds, LLC, Dr. Engelberg co-founded Counterpoint Asset Management, LLC in 2012. From 2008 to 2011, Dr. Engelberg was an Assistant Professor of Finance at the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill. He earned his Ph.D. in Finance from the Kellogg School of Management at Northwestern University and earned his B.A. in Mathematics and B.S. in Business Administration from the University of Southern California.

Michael Krause


Start Date

Tenure

Tenure Rank

Jan 22, 2020

2.36

2.4%

Michael Krause is a co-founder of Counterpoint Mutual Funds, LLC. Prior to founding Counterpoint Mutual Funds, LLC in 2014, Mr. Krause co-founded Counterpoint Asset Management, LLC in 2012 to offer quantitative investment strategies to investment clients. Mr. Krause served as a senior financial risk analyst for San Diego Gas & Electric from 2012 until 2014. Mr. Krause is a CFA® charter holder. He obtained an MBA from the Rady School of Management at the University of California at San Diego in 2012 and a Bachelor of Arts in Economics from San Diego State University. Prior to attending San Diego State University, Mr. Krause worked as a computer and information technology consultant and co-founded Exchange Network Services, Inc., an internet service provider, which earned him the Ernst and Young Entrepreneur of the Year, Northeast Ohio regional award in 1998.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.21 8.17