Expense Ratio History

TMNAX expense ratio history

Counterpoint Tactical Municipal Fund, Counterpoint Tactical Municipal Fund Class A

Fund company
Northern Trust
Type
Mutual fund

1.75%

In basis points
175 basis points
Yearly cost per $10,000
$175
Prospectus dated
1 February 2026, filed with the SEC; rounded to 0.01%
Last change
Raised from 1.68% on 1 February 2026

Fee over time

TMNAX expense ratio: 1.96% until 1 Feb 2019, then 3.31%; 3.31% until 1 Feb 2020, then 2.50%; 2.50% until 1 Feb 2021, then 2.06%; 2.06% until 1 Feb 2022, then 1.93%; 1.93% until 19 Dec 2022, then 1.89%; 1.89% until 2 Jan 2025, then 1.68%; 1.68% until 1 Feb 2026, then 1.75%; read at 1.75% on 1 Feb 2026.0.00%2.00%4.00%6.00%Apr 2018Aug 2019Dec 2020Apr 2022Aug 2023Dec 20241.96% before1.75% from 1 Feb 2026
TMNAX expense ratio: 1.96% until 1 Feb 2019, then 3.31%; 3.31% until 1 Feb 2020, then 2.50%; 2.50% until 1 Feb 2021, then 2.06%; 2.06% until 1 Feb 2022, then 1.93%; 1.93% until 19 Dec 2022, then 1.89%; 1.89% until 2 Jan 2025, then 1.68%; 1.68% until 1 Feb 2026, then 1.75%; read at 1.75% on 1 Feb 2026.0.00%2.00%4.00%6.00%Apr 2018Dec 2020Aug 20231.96% before1.75% from 1 Feb 2026
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 3 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
TMNAX (this page) Counterpoint Tactical Municipal Fund Class A 1.75% — 1 Feb 2026
TMNCX Counterpoint Tactical Municipal Fund Class C 2.50% — 1 Feb 2026
TMNIX Counterpoint Tactical Municipal Fund Class I 1.50% — 1 Feb 2026

Every figure we've recorded

DateFeeWhat happened
1 Feb 2026 1.75% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2026 1.75% Raised from 1.68% to 1.75%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2026-02-04
2 Jan 2025 1.68% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-01-02 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
2 Jan 2025 1.68% Cut from 1.89% to 1.68%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-01-27
19 Dec 2023 1.89% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-12-19 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
19 Dec 2022 1.89% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-12-19 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
19 Dec 2022 1.89% Cut from 1.93% to 1.89%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2024-02-01
1 Feb 2022 1.93% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2022 1.93% Cut from 2.06% to 1.93%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2022-02-10
1 Feb 2021 2.06% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2021 2.06% Cut from 2.50% to 2.06%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2021-02-17
1 Feb 2020 2.50% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2020 2.50% Cut from 3.31% to 2.50%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2020-03-13
1 Feb 2019 3.31% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2019 3.31% Raised from 1.96% to 3.31%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2019-03-04
1 May 2018 1.96% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-05-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.75% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$2,076 in fees over 10 years

After fees, $10,000 grows to $13,711.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$179
3 years$556
5 years$956
10 years$2,076

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 9 prospectuses for this share class since 2018. Each one is listed above with a link to the filing.

How we read fees

More Northern Trust funds

The cheapest of 200. All Northern Trust funds.