Counterpoint Tactical Municipal Fund Class I (TMNIX)

Overview

The provided description outlines the investment strategy of a mutual fund that primarily focuses on municipal bonds. By mandating that at least 80% of its net assets are invested directly or indirectly in municipal bonds, or by deriving at least 80% of its income from such securities, the fund is positioned to offer investors exposure to the municipal bond market. The fund's flexibility to invest in issuers located in U.S. territories, commonwealths, possessions, or protectorates broadens its investment scope beyond the continental United States. Additionally, it is noteworthy that the fund does not limit itself to bonds of a specific credit quality or maturity, implying its openness to diversifying across various risk profiles and interest rate environments. An important aspect of the fund's strategy is its ability to allocate up to 100% of its assets in below investment-grade securities, often referred to as "high-yield" or "junk" bonds, indicating a willingness to undertake higher risk in pursuit of potentially greater returns.

Products and Services

• Municipal Bonds Investment

  This service focuses on investing in municipal bonds, which can be either direct investments in specific bonds or indirect investments through other financial instruments that derive their income from municipal bonds. The emphasis on municipal bonds caters to investors looking for income that is often exempt from federal, and in some cases, state and local taxes.

• Investment in U.S. Territories

  The fund's strategy includes the potential to invest in issuers located within U.S. territories, commonwealths, possessions, or protectorates. This diversification option allows investors to gain exposure to bonds that may offer unique advantages or yields that are different from those found in the continental U.S. bond market.

• Flexibility in Credit Quality and Maturity

  Offering an investment approach that does not confine the fund to bonds of any particular credit quality or maturity, this aspect enables the management to pursue investments across a wide spectrum of municipal bonds. From highly rated, more secure bonds to those with lower ratings offering higher yields, the fund aims to balance risk and return effectively. Similarly, bonds of varying maturities can be leveraged to manage interest rate risk and to align with the fund's income objectives and liquidity needs.

• High-Yield Investments

  This facet of the fund's operations presents an opportunity to invest up to 100% of its assets in below investment-grade securities. Targeting high-yield bonds can be attractive to investors seeking higher income levels, albeit at a higher risk than investment-grade bonds. The inclusion of high-yield investments reflects the fund's propensity to embrace riskier assets for potentially greater rewards.