Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 11/29/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
39.6%
1 yr return
42.3%
3 Yr Avg Return
21.7%
5 Yr Avg Return
12.0%
Net Assets
$225 M
Holdings in Top 10
57.9%
Expense Ratio 2.81%
Front Load N/A
Deferred Load N/A
Turnover 230.00%
Redemption Fee N/A
Standard (Taxable)
$5,000
IRA
$1,000
Fund Type
Open End Mutual Fund
Name
As of 11/29/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Under normal market conditions, the Fund invests at least 80% of its assets (plus the amount of borrowings, if any) in long and short positions in equity instruments of any market capitalization. Equity instruments include domestic and foreign common stock, preferred stock, depositary receipts, equity swaps (including single-name, index, and basket swaps), options, equity index futures, and other investment companies (such as exchange traded funds (ETFs), mutual funds, and closed-end funds) that invest in these types of securities. The Fund may hedge exposure to foreign currencies using foreign currency forwards or futures. The Fund does not focus its investments in any country or geographic location and may be fully invested in equity instruments.
In managing the Fund, the Funds adviser, Counterpoint Funds, LLC (the Adviser), employs a strategy that generates returns from two sources: (1) stock selection and (2) tactical market exposure.
Stock Selection. The Adviser selects the particular stocks on which to go long and short based on multi-factor quantitative models. The models are based on the Advisers proprietary research related to economic indicators and investment anomalies found in peer-reviewed academic journals. An investment anomaly refers to a situation when a security or group of securities performs contrary to the notion of efficient markets, which states that security prices reflect all available information at any point in time. Published papers in academic finance journals have identified more than one hundred investment anomalies. An example of such an anomaly is the asset growth anomaly where the literature has shown that companies that are more aggressive with spending their capital have worse average stock performance than companies that are more conservative in their capital expenditures. Perfect market efficiency would not yield any market outperformance from investment decisions based on publicly available accounting data such as this.
The Fund seeks to target the best performing, recent, and persistent anomalies. The Fund may invest in stocks that provide exposure to a wide variety of anomalies. The Advisers strategy may seek to capitalize on many market anomalies at any one time. The Adviser may adjust its model to include newer and more effective anomalies and pare down exposure to older underperforming anomalies on a regular basis. The signals from these models indicate which stocks are undervalued and likely to increase in price and which stocks are overvalued and likely to decrease in price. The Adviser takes long positions in undervalued securities and short positions in overvalued securities.
Tactical Market Exposure. The Adviser varies the Funds equity exposure using a tactical proprietary model of market returns. When the tactical model forecasts lower market returns, the Fund targets a market-neutral (zero beta) allocation to stocks with a gross equity exposure (long positions plus short positions) of at least 80%. Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. Beta is assigned a number. A beta of 1 indicates that the securitys price moves with the market. A beta of less than 1 means that the security is theoretically less volatile than the market. A beta of greater than 1 indicates that the securitys price is theoretically more volatile than the market. The remaining 0-20% of the total portfolio assets are invested either directly, or indirectly through ETFs, mutual funds, or derivatives, in U.S. treasury instruments and investment grade debt. When the model forecasts higher market returns, the Adviser selects a blend of equity index futures, equity index ETFs, and/or equity index swaps based on various factors (liquidity, tracking error, and cost) to achieve exposure to the equity markets with a beta between 0.8 and 0.85.
The Funds adjustments of its holdings may lead to high portfolio turnover.
Period | CPCEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 39.6% | -11.6% | 42.3% | 2.72% |
1 Yr | 42.3% | -11.9% | 53.4% | 2.72% |
3 Yr | 21.7%* | -8.8% | 27.5% | 5.30% |
5 Yr | 12.0%* | -2.7% | 23.7% | 10.92% |
10 Yr | N/A* | -3.8% | 10.1% | N/A |
* Annualized
Period | CPCEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.4% | -17.3% | 43.8% | 62.59% |
2022 | 7.5% | -54.0% | 17.4% | 7.58% |
2021 | 52.6% | -40.0% | 54.1% | 2.38% |
2020 | -29.9% | -47.6% | 88.4% | 95.83% |
2019 | -8.5% | -20.3% | 62.6% | 99.12% |
Period | CPCEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 39.6% | -11.6% | 42.3% | 2.72% |
1 Yr | 42.3% | -11.9% | 53.4% | 2.72% |
3 Yr | 21.7%* | -8.8% | 27.5% | 5.30% |
5 Yr | 12.0%* | -2.7% | 23.7% | 10.92% |
10 Yr | N/A* | -3.8% | 10.1% | N/A |
* Annualized
Period | CPCEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.1% | -14.5% | 43.8% | 68.03% |
2022 | 11.0% | -54.0% | 50.3% | 9.85% |
2021 | 52.6% | -40.0% | 61.6% | 4.76% |
2020 | -29.9% | -29.9% | 91.0% | 100.00% |
2019 | -8.5% | -17.9% | 79.4% | 99.12% |
CPCEX | Category Low | Category High | CPCEX % Rank | |
---|---|---|---|---|
Net Assets | 225 M | 1.08 M | 6.67 B | 34.69% |
Number of Holdings | 297 | 3 | 2730 | 24.49% |
Net Assets in Top 10 | 113 M | -4.86 M | 2.41 B | 29.93% |
Weighting of Top 10 | 57.86% | -9.9% | 110.8% | 36.05% |
Weighting | Return Low | Return High | CPCEX % Rank | |
---|---|---|---|---|
Stocks | 57.00% | -0.13% | 113.26% | 68.71% |
Bonds | 28.65% | 0.00% | 108.68% | 6.80% |
Cash | 8.91% | 0.00% | 109.95% | 73.47% |
Other | 0.95% | -57.63% | 99.50% | 19.05% |
Preferred Stocks | 0.00% | -1.13% | 6.36% | 22.45% |
Convertible Bonds | 0.00% | -0.02% | 4.48% | 15.83% |
Weighting | Return Low | Return High | CPCEX % Rank | |
---|---|---|---|---|
Technology | 23.36% | 0.00% | 43.24% | 24.58% |
Consumer Cyclical | 20.56% | 0.00% | 88.83% | 4.24% |
Industrials | 13.22% | 0.00% | 31.93% | 30.51% |
Financial Services | 10.19% | 0.00% | 83.83% | 67.80% |
Communication Services | 8.63% | 0.00% | 32.32% | 35.59% |
Energy | 6.21% | 0.00% | 32.57% | 30.51% |
Basic Materials | 5.66% | 0.00% | 28.58% | 21.19% |
Consumer Defense | 4.91% | 0.00% | 19.75% | 64.41% |
Healthcare | 3.44% | 0.00% | 100.00% | 92.37% |
Utilities | 2.21% | 0.00% | 21.71% | 41.53% |
Real Estate | 1.62% | 0.00% | 10.93% | 42.37% |
Weighting | Return Low | Return High | CPCEX % Rank | |
---|---|---|---|---|
US | 57.00% | 0.00% | 113.26% | 57.82% |
Non US | 0.00% | -2.95% | 54.79% | 29.25% |
Weighting | Return Low | Return High | CPCEX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 8.91% | -0.01% | 86.52% | 40.82% |
Government | 3.81% | 0.00% | 58.54% | 21.74% |
Derivative | 0.95% | -57.63% | 99.49% | 17.69% |
Securitized | 0.00% | 0.00% | 13.59% | 17.39% |
Corporate | 0.00% | 0.00% | 79.13% | 24.64% |
Municipal | 0.00% | 0.00% | 0.07% | 15.22% |
Weighting | Return Low | Return High | CPCEX % Rank | |
---|---|---|---|---|
US | 28.65% | 0.00% | 95.89% | 6.80% |
Non US | 0.00% | 0.00% | 12.79% | 11.56% |
CPCEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.81% | 0.42% | 9.95% | 24.49% |
Management Fee | 1.25% | 0.00% | 2.50% | 50.34% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 80.77% |
Administrative Fee | N/A | 0.03% | 1.54% | N/A |
CPCEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
CPCEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
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.
CPCEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 230.00% | 0.00% | 446.00% | 83.19% |
CPCEX | Category Low | Category High | CPCEX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.05% | 0.00% | 27.22% | 57.53% |
CPCEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
CPCEX | Category Low | Category High | CPCEX % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.73% | -3.33% | 2.16% | 84.83% |
CPCEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.011 | OrdinaryDividend |
Dec 18, 2023 | $0.230 | OrdinaryDividend |
Dec 19, 2022 | $0.483 | OrdinaryDividend |
Dec 20, 2018 | $0.491 | CapitalGainLongTerm |
Dec 21, 2017 | $0.914 | CapitalGainLongTerm |
Start Date
Tenure
Tenure Rank
Nov 30, 2015
6.5
6.5%
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.
Start Date
Tenure
Tenure Rank
Nov 30, 2015
6.5
6.5%
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.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 23.55 | 5.96 | 7.93 |
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