Our Co-Portfolio Manager Eric Boughton, CFA was featured on the Money Life with Chuck Jaffe podcast to discuss what has happened in the closed-end fund market since the 2020 pre-pandemic market meltdown. Follow the link below for an audio replay from the Active Investment Company Alliance.
Listen to the audio replay here.
As of June 30, 2021, MDCEX and MDFIX held the following percentages of securities discussed in the recording:
| Holding | MDCEX | MDFIX |
|---|---|---|
| Tortoise Capital Advisor | 2.63% | 0.00% |
| Global X MLP & Energy Infrastructure ETF | 0.41% | 0.00% |
| Salient Midstream & MLP Fund | 1.02% | 0.00% |
| Boulder Growth & Income Fund | 1.74% | 0.00% |
| Morgan Stanley Emerging Markets Domestic Fund | 2.56% | 3.62% |
| Morgan Stanley China A Shares Fund | 3.02% | 0.00% |
| Pioneer High Income Trust | 0.00% | 0.00% |
Energy Transfer and Williams Companies are not closed-end funds, and are not direct holdings of MDCEX or MDFIX. Energy Transfer and Williams Companies may be held by certain closed-end funds that MDCEX or MDFIX can invest into.
An investor should consider the investment objectives, risks, and charges and expenses of the Funds before investing. The prospectus contains this and other information about the Funds. A copy of the prospectus is available at www.ncfunds.com or by calling Shareholder Services at 800-773-3863. The prospectus should be read carefully before investing. Current and future holdings are subject to change and risk.
An investment in the Funds is subject to investment risks, including the possible loss of some or all of the principal amount invested. There can be no assurance that the Funds will be successful in meeting their investment objective.
Distributor: Capital Investment Group, Inc., Member FINRA/SIPC. There is no affiliation between Matisse Capital, including its principals, and Capital Investment Group, Inc.
This interview is for informational purposes only and may not be relied on in any manner as legal, tax, investment, accounting or other investment advice and does not constitute an offer to sell or a solicitation of an offer to purchase an interest in any investment. Investing is inherently risky and investors should be aware that they may not receive a return equal to their initial investment and may lose their entire investment. An investor should consider the investment objectives, risks, and charges and expenses of the Fund carefully before investing.
Forward-looking information is based on numerous assumptions and is speculative in nature and may vary significantly from actual results. Past performance is not necessarily indicative of future results, and there can be no assurance that an investment will achieve comparable results in the future. The views expressed reflect the current opinions of Eric Boughton and may not be the opinions of Matisse in general. Matisse is an SEC registered investment adviser. Registration does not imply any level of skill or training.