Counterpoint Tactical Income Fund;A
CPATX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- OMAHA NE 68130 Los Angeles CA United States of America 90071
- IPO Date
- Dec 5, 2014
- CIK
- 0001537140
- Website
- capitalgroup.com
- Similar Companies
- Business
- Counterpoint Tactical Income Fund Class A (CPATX) is an open-end mutual fund that seeks income and capital preservation through a tactical allocation strategy. The Fund invests primarily in mutual funds, closed-end funds, and passively and actively managed exchange-traded funds focused on high yield instruments including bonds, bank loans, floating rate bonds, debt, and municipal high yield debt; U.S. treasuries with an average duration of 1-5 years; and cash equivalents such as money market funds. It employs price-driven trend-following models and algorithmic decision tools to tactically shift allocations toward high yielding assets in stable or recovering markets and safe-haven assets like low duration treasuries or cash during falling price environments to manage downside volatility and improve risk-adjusted returns. Class A shares (CPATX) carry a 4.50% front-end sales load, a 1.25% management fee, 0.25% 12b-1 fee, and total annual operating expenses of 2.25% including acquired fund fees of 0.56%, with companion Class C (CPCTX) and Institutional Class (CPITX) share offerings. Established in December 2014 and managed by Counterpoint Funds LLC from its headquarters at 12760 High Bluff Drive, Suite 280, San Diego, California, the Fund operates within the nontraditional bond category and targets individual investors, retirement plans, and institutional accounts seeking high yield-like returns with capital protection. Top holdings as of late 2025 include iShares Broad USD High Yield Corporate Bond ETF, iShares iBoxx $ High Yield Corporate Bond ETF, T. Rowe Price High Yield Fund Class I, JPMorgan High Yield Fund Class I, and Principal High Yield Fund Institutional Class, representing over 59% of assets primarily in U.S. bonds with minor non-U.S. bond and cash exposure. In a significant operational change, effective March 17, 2025, the Fund implemented a soft close restricting new investments to existing shareholders, certain omnibus accounts, group retirement plans, approved discretionary programs, and institutional investors with prior Adviser approval, while prohibiting purchases by other new investors to manage capacity and asset levels. The Adviser has contractually agreed to cap net expenses through February 1, 2026, at 2.00%, 2.75%, and 1.75% for Class A, C, and I shares respectively, subject to recoupment. No recent acquisitions, partnerships, funding rounds, or product launches beyond this capacity measure have been reported as of December 2025.