Meet The Team
The team at CP ETFs is focused on delivering a consistent, systematic approach to investing that manages downside risk while seeking outperformance driven by our empirical study of market history.
The team at CP ETFs is focused on delivering a consistent, systematic approach to investing that manages downside risk while seeking outperformance driven by our empirical study of market history.
Portfolio Manager
Michael Krause co-founded Counterpoint Mutual Funds and Counterpoint Asset Management in 2014 and 2012 respectively prior to establishing the CP ETFs product line in 2019.
Mr. Krause earned an MBA from the Rady School of Management at the University of California at San Diego and a Bachelor of Arts in Economics from San Diego State University. Mr. Krause is a CFA® charterholder.
Portfolio Manager
Joseph Engelberg has served as Chief Research Officer of Counterpoint Mutual Funds since 2015. Dr. Engelberg has also been an Associate Professor of Finance at University California San Diego, Rady School of Management since 2011. Prior to joining Counterpoint Mutual Funds, Dr. Engelberg co-founded Counterpoint Asset Management, LLC in 2012. From 2008 to 2011, Dr. Engelberg was an Assistant Professor of Finance at the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill. He earned his Ph.D. in Finance from the Kellogg School of Management at Northwestern University and earned his B.A. in Mathematics and B.S. in Business Administration from the University of Southern California.
Director of Marketing
Daniel Krause is a seasoned professional in the fund distribution space for the financial services industry. Prior to joining Counterpoint Mutual Funds in 2015, Mr. Krause served as the National Sales Director for Sierra Mutual funds and Ocean Park Asset Management. Prior to Sierra, Dan was a Regional Vice President for Invesco, Van Kampen Investments, and Alliance/Bernstein and was responsible for distribution in Southern California and Hawaii from 1999 to 2011. Before moving to Los Angeles in 1999, Mr. Krause spent eight years as Regional Vice President at Oppenheimer Funds, Merrill Lynch Asset Management, Nicholas Applegate, Wells Fargo, and Federated Funds.
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Important Risk Information
Investments in the CP High Yield Trend Fund involves risk including possible loss of principal and may not be suitable for all investors. The Fund is new with a limited history of operations. There is no assurance that the Fund’s strategy for allocating assets will achieve its investment objectives. The extent that Authorized Participants (AP) exit the business or are unable to proceed with creation or redemption orders, Fund shares may be more likely to trade at a premium or discount to net asset value and possibly face trading halts or delisting. Issuers of a security and other instruments may not be able to make principal and interest payments when due. Fluctuation in the value of equity securities held by the Fund causes the net asset value of the Fund to fluctuate.
The Fund is structured as an ETF and is subject to risks including, market price variance, trading issues and not being individually redeemable. ETF investments involve advisory and other expenses which will be indirectly paid by the Fund. The Fund’s investments may include ETFs with foreign securities, which are subject to risks beyond those associated with investing in domestic securities. Growth stocks may react differently to market events and are subject to more abrupt market movements. The Fund’s income may decline when yields fall and an increase in rates may cause the value of securities held by the Fund to decline. High yield or ‘junk’ bonds present greater risk than bonds of higher quality. There is no assurance that the Index Provider will compile, compose or calculate the index accurately and the Fund’s performance may diverge from that of the index.
ETF shares are not redeemable with the issuing fund other than in large Creation Unit aggregations. Instead, investors must buy or sell ETF Shares in the secondary market with the assistance of a stockbroker. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling. The NAV of the Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange (“NYSE”), normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). Shares are bought and sold at market price (closing price) not NAV. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined).
An active secondary market for the Fund’s shares may not exist. Although the Fund’s shares will be listed on an exchange, subject to notice of issuance, it is possible that an active trading market may not develop or be maintained. There is no guarantee that distributions will be paid.
Investors should carefully consider the investment objectives, risks, charges and expenses of the CP High Yield Trend Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained at www.cpetfs.com or by calling 844-509-2775. The prospectus should be read carefully before investing. The CP High Yield Trend Fund is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC.
3052-NLD-1/14/2020