## KEY TAKEAWAYS
- The Counterpoint Quantitative Equity ETF (CPAI) traded at a market price of $53.35 as of October 8, 2026, with a NAV of $53.30 and a year-to-date return of 33.04%, according to the fund's factsheet page.
- CPAI had net assets of $494,589,827 and 9,280,000 shares outstanding as of October 8, 2026, carrying a net expense ratio of 0.75% after waivers.
- The NYSE-listed ETF uses multiple machine learning models to rank stocks on more than 30 variables and rebalances quarterly into at least 50 equally weighted U.S. securities, benchmarked to the S&P 1000 Index.
- The fund targets no more than 35% exposure to any single sector and has a limited operating history, having launched on November 28, 2023.
- The source material is a fund web page and does not describe an independent rating upgrade; the headline's reference to an upgrade could not be verified from the primary source.
## DETAILED SUMMARY
The Counterpoint Quantitative Equity ETF (CPAI), listed on the NYSE, is a quantitative equity fund that seeks long-term capital appreciation. As of October 8, 2026, the fund reported a market price of $53.35, a daily gain of 0.31 (0.58%), a NAV of $53.30 and a year-to-date return of 33.04%. Net assets stood at $494,589,827 with 9,280,000 shares outstanding. The fund's 30-day median mid bid-ask spread was 0.1139%, and its trading volume that day was 65,577 shares.
The fund's strategy relies on a blend of machine learning models that rank stocks according to more than 30 variables, spanning value, long-term reversal, momentum, profitability, investor sentiment and price stability. The models dynamically adjust factor exposures as market conditions change. Per the fund's materials, the portfolio holds at least 50 individual securities, is equally weighted, invests in U.S. stocks of all market capitalizations with a focus on small and mid caps, and rebalances quarterly. It targets no more than 35% exposure to any sector. The benchmark is the S&P 1000 Index. Top holdings as of the latest disclosure included Everpure Inc-A (2.8% of net assets), Hewlett Packard Enterprise (2.32%), Astera Labs (2.28%) and PBF Energy (2.27%).
The fund's management fee is 0.65%, with a net expense ratio of 0.75% after contractual fee waivers that run through at least February 1, 2026, and are subject to recoupment within three years. Portfolio managers listed are Joseph Engelberg, Ph.D., and Michael Krause, CFA. The fund's distributions have been modest, with dividend income of $0.3577 per share paid in December 2025. The fund's documentation warns that it is new with a limited operating history and that its strategy may not achieve its objectives.
