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About Counterpoint Quantitative Equity ETF
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Inception date
Nov 28, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Counterpoint Mutual Funds LLC
Distributor
Northern Lights Distributors LLC
ISIN
US66538R5404
CPAI employs a quantitative, model-driven strategy that integrates quantitative analysis and machine learning insights to navigate diverse market conditions. The portfolio consists of at least 50 US-listed companies of any capitalization or ADRs. The selection process relies on advanced quantitative models leveraging machine learning technology, considering over 30 variables related to value, long-term reversal, momentum, profitability, investor sentiment, and stock price stability. Additionally, the Adviser backtests variable combinations considered to be supported by economic reasoning or investor behavioral biases. The models continually learn and adapt relationships between input variables and realized historic returns, updating during quarterly portfolio rebalances. Moreover, rebalancing ensures the portfolio aligns with the models' rankings, with adjustments made to limit sector exposure to 35% or less.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Technology Services
Stocks99.65%
Electronic Technology16.82%
Technology Services15.34%
Consumer Non-Durables8.16%
Distribution Services8.13%
Retail Trade7.98%
Non-Energy Minerals6.22%
Commercial Services5.69%
Energy Minerals4.22%
Health Services4.16%
Consumer Services4.05%
Communications3.85%
Consumer Durables3.53%
Transportation2.08%
Utilities2.02%
Industrial Services1.94%
Producer Manufacturing1.90%
Process Industries1.82%
Finance1.75%
Bonds, Cash & Other0.35%
Cash0.35%
Stock breakdown by region
North America92.04%
Europe7.96%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CPAI invests in stocks. The fund's major sectors are Electronic Technology, with 16.82% stocks, and Technology Services, with 15.34% of the basket. The assets are mostly located in the North America region.
CPAI top holdings are Micron Technology, Inc. and Ciena Corporation, occupying 2.39% and 2.32% of the portfolio correspondingly.
CPAI last dividends amounted to 0.14 USD. The year before, the issuer paid 0.02 USD in dividends, which shows a 89.05% increase.
CPAI assets under management is 112.36 M USD. It's risen 2.26% over the last month.
CPAI fund flows account for 60.81 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, CPAI pays dividends to its holders with the dividend yield of 0.36%. The last dividend (Dec 17, 2024) amounted to 0.14 USD. The dividends are paid annually.
CPAI shares are issued by Counterpoint Mutual Funds LLC under the brand Counterpoint. The ETF was launched on Nov 28, 2023, and its management style is Active.
CPAI expense ratio is 0.75% meaning you'd have to pay 0.75% of your investment to help manage the fund.
CPAI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CPAI invests in stocks.
CPAI price has risen by 1.54% over the last month, and its yearly performance shows a 16.96% increase. See more dynamics on CPAI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.57% over the last month, showed a 7.99% increase in three-month performance and has increased by 15.62% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.57% over the last month, showed a 7.99% increase in three-month performance and has increased by 15.62% in a year.
CPAI trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.