The Matisse Discounted Bond CEF Strategy (MDFIX) and our CIO Bryn Torkelson were featured in Yields Are Above 8%. It’s Time to Get Excited About Income Investing. The article was written by Andrew Bary and published in Barron’s on July 1st, 2022.
Notably, we are pleased to report that MDFIX was highlighted in Barron’s as one of their best income investment ideas today.
Read the full Barron’s article here.
MDFIX has returned -15.62% year-to-date, -15.69% trailing 1-year, and +7.57% annualized since inception 4/30/20 (as of 6/30/22). The 30-Day SEC Yield for MDFIX is 6.98% subsidized and 6.63% unsubsidized (as of 6/30/22). Subsidized yield reflects fee waivers and/or expense reimbursements during the period. Without waivers and/or reimbursements, yields would be reduced. Unsubsidized yield does not adjust for any fee waivers and/or expense reimbursements in effect. Performance data quoted is past performance and is not a guarantee of future results. Investment return and principal value will fluctuate such that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investors may obtain data current to the most recent month end by calling 1-800-773-3863. Total return measures net investment income and capital gain or loss from portfolio investments. Performance shown assumes reinvestment of dividends and capital gains distributions. Total Fund Expenses are 4.43% (as of 8/1/21).
An investment in the Fund 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 Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks: Closed-End Fund Risk, Fund of Funds Risk, Control of Portfolio Funds Risk, Fixed Income Securities Risk, Credit Risk, Interest Rate Risk, Junk Bond Risk, Prepayment Risk, Derivatives Risk, COVID-19 and Other Infectious Illnesses Risk, Convertible Securities Risk, Cybersecurity Risk, Equity Securities Risk, Preferred Stock Risk, Foreign Securities Risk, General Investments Risk, Investment Advisor Risk, Quantitative Model Risk, Leverage Risk, Limited History of Operations Risk, Loans Risk, Management Style Risk, Market Risk, Money Market Mutual Fund Risk, and Portfolio Turnover Risk. More information about these risks and other risks can be found in the Fund’s prospectus.
Distributor: Capital Investment Group, Inc., Member FINRA/SIPC. There is no affiliation between Matisse Capital, including its principals, and Capital Investment Group, Inc. Serial #RCMAT0722003.
An investor should consider the investment objectives, risks, and charges and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. A copy of the prospectus is available at www.ncfunds.com or by calling Shareholder Services at 1-800-773-3863. The prospectus should be read carefully before investing. Current and future holdings are subject to change and risk.
This article is solely informational and does not constitute legal, tax, investment, accounting or other investment advice. This is not an offer to sell or a solicitation to purchase an interest in any investment. Investing is inherently risky, investors should carefully consider the investment objectives, risks, charges and expenses of a Fund before investing and be aware they may not receive a return equal to their initial investment and may lose their entire investment. Forward-looking statements are speculative in nature and may vary significantly from actual results. Past performance is not indicative of future results with no assurances an investment will achieve comparable results. The views expressed reflect the current opinions of Bryn Torkelson and may not be the opinions of Matisse in general.