ETF Evaluator:
Counterpoint Quantitative Equity ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Mid-Cap Blend Over the Last Year
| 58.8% | Castellan Targeted Equity ETF (CTEF) |
| 53.8% | Invesco S&P Spin-Off ETF (CSD) |
| 43.0% | Counterpoint Quantitative Equity ETF (CPAI) |
| 40.8% | Optimize Strategy Index ETF (OPTZ) |
| 37.3% | Tema U.S. Manufacturing & Reshoring ETF (WELD) |
Risk
Index
Risk
Index
ETF Details
Counterpoint Quantitative Equity ETF Overview
Counterpoint Quantitative Equity ETF (CPAI) is an actively managed U.S. Equity Mid-Cap Blend exchange-traded fund (ETF). Counterpoint Funds launched the ETF in 2023.
The investment seeks long-term capital appreciation.
Under normal market circumstances, the fund invests at least 80% of its assets in common stocks and American Depositary Receipts. The fund holds at least 50 U.S. listed stocks or American Depository Receipts. The stocks selected are of companies of any market capitalization and are among the highest-ranking stocks as determined by quantitative models. The quantitative models use machine learning technology to rank stocks of companies of U.S. domiciled companies and ADRs of any market capitalization.
About Counterpoint Quantitative Equity ETF (CPAI)
There are 2 members of the management team with an average tenure of 2.67 years: Michael Krause (2023) and Joseph Engelberg (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 1000 TR index with a weighting of 100%. Counterpoint Quantitative Equity ETF has 51 securities in its portfolio. The top 10 holdings constitute 25.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Counterpoint Quantitative Equity ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Counterpoint Quantitative Equity ETF has 5.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.3% There is 5.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Counterpoint Quantitative Equity ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $403 million in total assets, which is below the $4 billion average for the Mid-Cap Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CPAI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Counterpoint Quantitative Equity ETF expense ratio is above average compared to funds in the Mid-Cap Blend category. Counterpoint Quantitative Equity ETF has an expense ratio of 0.75%, which is 67% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Counterpoint Quantitative Equity ETF has a portfolio turnover rate of 324%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 84% for the Mid-Cap Blend category.
Recently, in the month of July 2026, Counterpoint Quantitative Equity ETF returned -2.6%, which earned it a grade of D, as the Mid-Cap Blend category had an average return of -1.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Counterpoint Quantitative Equity ETF has a trailing yield of 0.71%, which is below the 0.85% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Counterpoint Quantitative Equity ETF Grades
Year to date, the ETF has returned 26.5%, 12.5 percentage points better than the category, which translates into a grade of A. The fund has returned 43.0% over the past year (grade of A).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Counterpoint Quantitative Equity ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
CPAI Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CPAI Return (NAV) | -2.6% | 8.4% | 43.0% | na | na | na |
| CPAI Return (Price) | -2.7% | 8.2% | 42.7% | na | na | na |
| NAV +/- Price Return | 0.057% | 0.137% | 0.268% | na | na | na |
| Mid-Cap Blend Avg | -1.6% | 4.4% | 20.8% | 14.8% | 8.8% | 11.6% |
| CPAI Grade (NAV) | D | A | A | na | na | na |
| +/- Category (NAV) | -1.0% | 4.0% | 22.2% | na | na | na |
| CPAI Tax-Cost Ratio | na | na | 0.4% | na | na | na |
CPAI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CPAI Return (NAV) | 26.5% | 17.6% | 28.6% | na | na | na | na | na | na | na | na |
| CPAI Return (Price) | 26.1% | 17.8% | 28.4% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.013% | 0.010% | -0.007% | na | na | na | na | na | na | na | na |
| Mid-Cap Blend Avg | 14.0% | 10.6% | 16.1% | 16.9% | -14.4% | 23.3% | 15.6% | 27.4% | -9.1% | 19.1% | 14.8% |
| CPAI Grade (NAV) | A | A | A | na | na | na | na | na | na | na | na |
| +/- Category | 12.5% | 7.0% | 12.5% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.7% |
| Total Assets: | $ 404 Mil |
| Share Class Assets: | $ 404 Mil |
| Turnover: | 324.0% |
| Expense Ratio: | 0.75% |
| Index Fund: | No |
| Index Tracked: | S&P 1000 TR |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.7 years | |||
| Average Tenure: 2.7 years | |||
| Managers (Year): Krause Michael (2023), Engelberg Joseph (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 51 |
| % in Top 10 Holdings: | 25.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 5.5% |
Portfolio Allocation |
|
| Domestic Stock: | 94.3% |
| Foreign Stock: | 5.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Counterpoint Funds |
| Phone Number: | 844-509-2775 |
| Website: | www.lifetimeachievementfund.com |
| Inception Date: | November 28, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.45% |
