Address And Details

12760 High Bluff Drive, Suite 280 , San Diego, CA 92130
Fund Manager Michael Krause
Manager Tenure 5 Years 10 Months

Strategy And Objective

The Counter point Tactical Equity Fund (the Fund ) seeks capital appreciation and preservation.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 finds ( ETFs ),mutual funds,and closed-end funds) thatinvest in these types of securities.The Fund may hedge exposure to foreign currencies using foreign currency forwards or futures.In managing the Fund,the Fund s adviser, Counter point Mutual 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 proprietary research related to economic indicators and investment a nomalies 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 would be 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 Adviser sstrategy 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 under performing 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 the undervalued securities and short positions in the overvalued securities.

Net Asset Value

as of 5:22 PM ET 09/17/2021


  • 1 Week
  • +0.62%
  • 1 Month
  • -4.29%
  • 3 Months
  • +14.82%
  • 1 Yr Return
  • +10.69%
  • 5 Yr Return
  • -19.90%

Equity Sector Breakdown

Finance 2.91%
ConsumerDurables n/a
Energy n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 97.09%
Other 2.91%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 10.94 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -11.98 -6.31 n/a
Beta 0.17 0.23 n/a
R Squared 0.04 0.07 n/a
Std Deviation 15.74 13.21 n/a
Sharpe Ratio -0.59 -0.20 n/a

Purchase Information

as of 5:37 PM ET 09/16/2021
Minimum Initial $100000
Minimum Additional $1000
Minimum Initial IRA $100000


Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 06/30/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 06/30/2021
1 Year
  • +9.48%
  • -2.13%
+9.48% -2.13%
3 Year
  • -9.42%
  • -12.08%
-9.42% -12.08%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • -2.93%
  • -5.34%
-2.93% -5.34%

Top 10 Holdings

Symbol Company Name % Of Assets

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