Counterpoint High Yield Trend ETFCounterpoint High Yield Trend ETFCounterpoint High Yield Trend ETF

Counterpoint High Yield Trend ETF

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Key stats


Assets under management (AUM)
‪230.35 M‬USD
Fund flows (1Y)
‪180.12 M‬USD
Dividend yield (indicated)
5.77%
Discount/Premium to NAV
0.1%
Shares outstanding
‪10.63 M‬
Expense ratio
0.79%

About Counterpoint High Yield Trend ETF


Issuer
Counterpoint Mutual Funds LLC
Brand
Counterpoint
Home page
Inception date
Jan 21, 2020
Structure
Open-Ended Fund
Index tracked
CP High Yield Trend Index
Replication method
Physical
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
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
Identifiers
3
ISINUS66538R7228
HYTR is an index-tracking ETF of ETFs that provides exposure to US high yield corporate bond ETFs and US 3-7 year treasuries. The index seeks to provide exposure to US high yield corporate bond while reducing risk in times of market turbulence. At each index rebalance, which can occur daily, securities are weighted using two quantitative models that blends trend-following and time-series momentum methodologies. This method provides exposure to US high yield bonds and reduces unnecessary portfolio turnover. The first model evaluates allocations to high yield bonds by determined the current market price against the dividend-adjusted 100-200 day moving average price data of HYG (75% weight) and its historical momentum returns for the same period (25% weight). The second model, depending on market turbulence, then adjusts the recommended allocation in 20% increments to high yield bond ETFs, with the balance allocated to treasury ETFs.

Broaden your horizons with more funds linked to this ETF via country, focus, and more.

Classification


Asset Class
Fixed income
Category
Corporate, broad-based
Focus
High yield
Niche
Broad maturities
Strategy
Volatility hedged
Geography
U.S.
Weighting scheme
Momentum
Selection criteria
Fixed
What's in the fund
Exposure type
Bonds, Cash & Other
ETF
Stock breakdown by region
100%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
HYTR trades at 21.72 USD today, its price has fallen −0.15% in the past 24 hours. Track more dynamics on HYTR price chart.
HYTR net asset value is 21.72 today — it's risen 0.55% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
HYTR assets under management is ‪230.35 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
HYTR price has fallen by −0.38% over the last month, and its yearly performance shows a 0.13% increase. See more dynamics on HYTR price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.55% over the last month, showed a 1.04% increase in three-month performance and has increased by 6.48% in a year.
HYTR fund flows account for ‪155.76 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
HYTR invests in funds. See more details in our Analysis section.
HYTR expense ratio is 0.79%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, HYTR isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, HYTR technical analysis shows the sell rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating HYTR shows the sell signal. See more of HYTR technicals for a more comprehensive analysis.
Yes, HYTR pays dividends to its holders with the dividend yield of 5.77%.
HYTR trades at a premium (0.14%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
HYTR shares are issued by Counterpoint Mutual Funds LLC
HYTR follows the CP High Yield Trend Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 21, 2020.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.