At a glance
CPAI charges 0.75% a year. It has $368.8M in assets; it paid 0.68% of its price in distributions over the past 12 months, annual. Over the past year it returned +33.6% with distributions reinvested (S&P 500: +11.5%). Its ten largest positions make up 21.9% of the fund, out of 50 in all.
The short version
Counterpoint Quantitative Equity ETF (CPAI) is an actively managed fund. It uses a machine-learning model to pick at least 50 US-listed stocks of any size and rebalances at least every quarter. It trades much more than most funds, with 324% portfolio turnover, and its 0.75% expense ratio is higher than many index funds charge. From its November 2023 launch through December 31, 2025, it returned 26.01% a year, compared with 14.78% for the S&P 1000.
Price history
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CPAI +33.6% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| CPAI official prospectus, to Dec 31, 2025 | — | +17.62% | — | — | — | +26.01% |
| S& P 1000 Index index, same period | — | +7.04% | — | — | — | +14.78% |
| CPAI price data to Oct 27, 2026 | +32.3% | +33.6% | — | — | — | +29.8% |
- Over the year to Oct 27, 2026, CPAI returned +33.6%.
- Its worst full calendar year was 2025 (+17.8%); its best was 2024 (+28.4%).
- The deepest fall in its price history was 21.5% (Feb 10, 2025 to Apr 8, 2025), recovered by Sep 3, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +32.3% | — |
| 2025 | +17.8% | +17.62% |
| 2024 | +28.4% | +28.57% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2025 | $0.3600 | +157.1% |
| 2024 | $0.1400 |
What's inside
As of Jun 30, 2026, the fund held 50 securities; the ten largest made up 21.92% of assets.
| Holding | Weight | |
|---|---|---|
| PLANET LABS PBC | 2.39% | |
| ASTERA LABS INC | 2.39% | |
| BELLRING BRANDS INC | 2.19% | |
| ADVANCED MICRO DEVICES INC | 2.18% | |
| MARVELL TECHNOLOGY INC | 2.17% | |
| BLACKBERRY LTD | 2.16% | |
| INTEL CORP | 2.13% | |
| WESTERN DIGITAL CORP | 2.12% | |
| DELL TECHNOLOGIES INC | 2.10% | |
| FASTLY INC | 2.09% | |
| ABCELLERA BIOLOGICS INC | 2.07% | |
| MONOLITHIC POWER SYSTEMS INC | 2.06% | |
| PBF ENERGY INC | 2.06% | |
| 10X GENOMICS INC | 2.04% | |
| ECHOSTAR CORP | 2.03% |
By country
United States 93.67%Canada 6.17%By asset type
Stocks 99.85%What changed recently
- Over the three months to Jun 30, 2026, investors added a net $98.3M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +11.84%, +9.45%, +1.66%.
How it works
CPAI does not track an index. Its adviser, Counterpoint Mutual Funds LLC, picks stocks with the Counterpoint Machine Learning Model. Machine learning is a type of artificial intelligence that looks for patterns in past data. The model uses more than 40 inputs built around value, long-term reversal (past losers that may bounce back), price momentum, profitability, investor sentiment and price stability. Between rebalances, the model updates what it has learned about how those inputs relate to past stock returns. Then it ranks stocks by expected future performance.
The fund holds at least 50 of the highest-ranked stocks. These are US companies and American Depositary Receipts (ADRs, which are US-traded shares of foreign companies), and they can be any size. At least 80% of assets go into common stocks and ADRs. The adviser rebalances at least every quarter, keeps any one sector to 35% or less, and caps any one industry at 25%.
As of June 30, 2026, the fund held 50 stocks, each at roughly 2%, and the top 10 made up 21.92% of assets. The largest were Planet Labs, Astera Labs, BellRing Brands, Advanced Micro Devices and Marvell Technology. About 93.67% was in US companies and 6.17% in Canadian ones, such as BlackBerry. The fund held no derivatives. Turnover of 324% means holdings change several times a year, and those trading costs are not part of the expense ratio.
What it really costs
- CPAI charges 0.75% a year.
- Of that, 0.65% is the management fee; the rest covers other fund expenses.
- The fee includes a 0.22% waiver from the adviser, which may end.
- Using the prospectus's standard example, $10,000 invested would cost about $77 in the first year and $1,170 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| CPAI | $77 | $287 | $515 | $1,170 |
In a retirement portfolio
It is a concentrated, actively traded stock fund with a short track record and little income, so it fits better as a small add-on than as a foundation.
CPAI launched in November 2023. It did not exist during the 2008, 2020 or 2022 downturns and has not yet been through a bear market. Its deepest drop was 21.5%, from February 10 to April 8, 2025. It was back to its old high by September 3, 2025, about 4.9 months later. Its weakest calendar year, 2025, still gained 17.62%. Its beta was 1.17 as of October 27, 2026, which means it has tended to swing more than the broad market. Someone who has to sell shares during a slump could lock in losses.
Income is small: the yield was 0.68% as of October 27, 2026, paid once a year. In the SEC's standard example of $10,000 invested, costs come to $77 in the first year and $1,170 over ten years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want a small slice of stocks picked by a machine-learning model instead of an index, and who accept the risk that the model is wrong.
- Those comfortable with about 2% positions in 50 stocks, with large holdings that include chipmakers AMD, Marvell and Intel.
- Long-term holders who don't need income and can sit through drops like the 21.5% fall in early 2025.
Look elsewhere if
- Cost-focused investors: the 0.75% expense ratio, plus trading costs from 324% turnover, is more than many index funds charge.
- Retirees who need income: the yield was 0.68% as of October 27, 2026, and the fund pays only once a year.
- Anyone who wants a long track record: the fund launched in November 2023 and has not yet been tested in a bear market.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
Is CPAI a good ETF for retirement?
It may fit as a small, higher-risk part of a retirement portfolio rather than a core holding. CPAI holds about 50 stocks picked by a machine-learning model. It charges 0.75% a year and pays little income: the yield was 0.68% as of October 27, 2026. Its record starts in November 2023, so it has not been through a bear market. Its deepest drop was 21.5%, in early 2025, and it took about 4.9 months to recover.
What is the CPAI expense ratio?
CPAI's expense ratio is 0.75% a year, according to its prospectus filed January 27, 2026. That figure includes a 0.65% management fee and reflects a fee waiver of 0.22 percentage points. Fee waivers can end. In the SEC's standard example of $10,000 invested with a 5% yearly return, costs would be about $77 after one year, $515 after five years and $1,170 after ten. The fund's 324% turnover also creates trading costs, which the expense ratio does not include.
Does CPAI pay dividends?
Yes, but the payments are small and come once a year. Over the 12 months through October 27, 2026, CPAI paid $0.36 per share, a yield of 0.68%. The fund's goal is long-term capital appreciation, meaning growth in share price rather than income. Investors who need regular cash from their holdings would get little from this fund and would likely need to sell shares to raise money.
How does CPAI use AI to pick stocks?
CPAI ranks stocks with the Counterpoint Machine Learning Model, a form of artificial intelligence. The model uses more than 40 inputs, including value, momentum, profitability, investor sentiment and price stability. It learns how those inputs related to past returns and updates between rebalances. The fund holds at least 50 of the top-ranked stocks, rebalances at least every quarter, and limits any one sector to 35%. The prospectus warns that the model may rest on wrong assumptions.
How has CPAI performed compared with the S&P 1000?
CPAI has beaten the S&P 1000, the benchmark in its prospectus, over its short history. As of December 31, 2025, the fund returned 17.62% over one year, compared with 7.04% for the index. Since its November 2023 launch, it returned 26.01% a year, compared with 14.78%. CPAI is actively managed and does not try to copy that index. With a beta of 1.17 as of October 27, 2026, it has also swung more than the market.