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Launched

Northern Lights Fund Trust III - Counterpoint Quantitative Equity ETF

CPAINYSEC

$53.27+0.34 (+0.64%)

At close: Oct 13, 2026, 4:00 PM

C51/ 100

Rank 60 of 127 in US Active Equity

C51/100Rank 60 of 127inUS Active Equity
Intraday session: up, 78 prints from 52.93 to 53.27. Range 52.71 to 53.33. Use the arrow keys to read each point.52.7052.8053.0053.1053.2010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$496M
1Y total return
+40.8%
Yield · Last 12 months
0.68%
Holdings
52
Avg volume · 30D
0.1M sh
NAV per share
$53.26
52W range
low $37.29high $53.96
Launched

The ETF.net CPAI Grade

C

Score 51 out of 100

Category
US Active Equity⁠
Rank
60 of 127
Six-pillar profile for CPAI. Scores out of 100: Cost 40, Risk 48, Mission 63, Tradability 50, Holdings 84, Durability 67. Strongest: Holdings (84). Weakest: Cost (40). Leans toward Holdings.

Score 51 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C40 out of 100
    Rank 73 of 127

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B63 out of 100
    Rank 37 of 48

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C48 out of 100
    Rank 74 of 126

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C50 out of 100
    Rank 56 of 127

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A84 out of 100
    Rank 11 of 124

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B67 out of 100
    Rank 38 of 127

Our read on CPAI

ETF.net Research

CThe AI here picks the stocks, it doesn't buy them. Counterpoint's machine-learning models rank US companies on 30-plus variables, then hold at least 50 of the top names equal-weighted, tilted toward small and mid caps.

Stated mandate

The Fund seeks long-term capital appreciation.

Why people hold it

  1. 01The models weigh more than 30 inputs spanning value, long-term reversal, momentum, profitability, investor sentiment and price stability, and retrain at each quarterly rebalance.sec.govcounterpointfunds.com
  2. 02Equal weighting, a floor of 50 holdings, and a target of no more than 35% in any one sector stop a single stock or hot sector from running the portfolio.counterpointfunds.com
  3. 03A small and mid cap tilt sets it apart in a peer group crowded with large-cap core products like DFAU, FELC and AVLC.counterpointfunds.com

Worth knowing

  1. 01At 0.75% a year it costs more than the typical active US equity ETF, and far more than cheap core rivals such as DFAU (0.12%) and FELC (0.18%).
  2. 02Holdings come from proprietary models refined through backtesting, so you can't check any position against a published rulebook the way you can with an index fund.sec.gov
  3. 03Launched in 2023, so the live record is short, and an equal-weighted small and mid cap book can behave very differently from a large-cap benchmark.counterpointfunds.com

CPAI Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
52
Top-10 weight
23%
Largest holding
P2.9%

Sectors

  • Technology36.3%
  • Energy19.2%
  • Health Care14.1%
  • Consumer Discretionary9.4%
  • Consumer Staples7.5%
  • Communication5.8%
  • Financials4.0%
  • Industrials2.0%
  • Materials1.8%

Geography

  • United States91.97%
  • Singapore2.20%
  • United Kingdom2.17%
  • Switzerland1.91%
  • Israel1.74%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001PEverpure, Inc.2.87%92,260$14M292
002HPEHewlett Packard Enterprise Company2.40%162,297$12M388
003MRVLMarvell Technology, Inc.2.25%40,652$11M470
004ALABAstera Labs, Inc.2.25%32,571$11M263
005ONON Semiconductor Corporation2.20%140,761$11M323
006KLICKulicke & Soffa Industries, Inc.2.20%118,552$11M139
007BBRYFBlackBerry Ltd.2.17%1,209,655$11M3
008PBFPBF Energy, Inc.2.15%126,378$11M163
009BOXBox, Inc.2.10%287,038$10M133
010MCKMcKesson Corporation2.10%11,107$10M359
011MPCMarathon Petroleum Corporation2.10%22,891$10M396
012GDDYGoDaddy, Inc.2.08%99,151$10M273
013TXG10X Genomics, Inc.2.08%127,961$10M137
014PYPLPayPal Holdings, Inc.2.07%185,289$10M376
015CAHCardinal Health, Inc.2.07%43,221$10M368

Showing 1–15 of 52 holdings

CPAI Performance

Launched Nov 28, 2023

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
CPAI$14,075
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. CPAI $14,075. SPY $12,044. Use the arrow keys to read each point.$9,407$12,008$14,609Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CPAI. Periods over one year show the average yearly return.
PeriodCPAI
Year to date+32.0%
1 month+1.1%
3 months+3.1%
1 year+40.8%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CPAI
YearReturn barCPAI
2026 YTD+32.0%
2025+17.8%
2024+28.3%
2023+6.7%

History from Nov 29, 2023

CPAI in the news

Filtered to CPAI · US Active Equity

CPAI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
0.68%Last 12 months
Payout per share
$0.36Last 12 months
Last payment
$0.36 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 14, 2023 $0.02; Dec 12, 2024 $0.14; Dec 12, 2025 $0.36. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 12, 2025Dec 17, 2025$0.36
Dec 12, 2024Dec 17, 2024$0.14
Dec 14, 2023Dec 19, 2023$0.02

CPAI Risk

How much the fund’s monthly returns vary, scaled to a year.
16.8%
Annualised · 34 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.37
vs 3-month T-bills · 34 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−21.5%
34 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.08
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

CPAI Cost

Expense ratio0.75%
  • The middle half of US Active Equity funds
  • Median 0.70%

70 of the 123 US Active Equity funds charge less.

CPAI costs $75.00 a year on $10,000. The median US Active Equity fund costs $70.00.

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