Our Portfolio Manager & Chief Analyst, Eric Boughton, CFA was featured on the Money Life with Chuck Jaffe podcast to discuss our investment philosophy on closed-end funds, the current state of the closed-end fund market, and the broad set of attractive discount opportunities we are seeing today. Follow the link below for an audio replay.
Listen to the audio replay here.
As of December 31, 2023, MDCEX and MDFIX held the following percentages of securities discussed in the recording:
| Holding | MDCEX | MDFIX |
|---|---|---|
| FS Credit Opportunities Corp. (FSCO) | 0.00% | 3.92% |
| Pershing Square Holdings (PSHZF) | 10.18% | 0.00% |
| PIMCO California Municipal Income Fund II (PCK) | 0.11% | 3.27% |
| PIMCO Dynamic Income Fund (PDI) | 0.00% | 0.00% |
| SRH Total Return Fund (STEW) | 3.53% | 0.00% |
| The European Equity Fund (EEA) | 0.00% | 0.00% |
| Tortoise Pipeline & Energy Fund (TTP) | 0.01% | 0.00% |
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 objectives. Generally, the Funds will be subject to the following additional risks: Closed-End Fund Risk, Control of Closed-End Funds Risk, Convertible Securities Risk, Credit Risk, Cybersecurity Risk, Derivatives Risk, Equity Securities Risk, Fixed Income Securities Risk, Foreign Securities Risk, Fund of Funds Risk, General Investment Risks, Interest Rate Risk, Investment Advisor Risk, Junk Bond Risk, Leverage Risk, Limited History of Operations Risk, Loans Risk, Management Style Risk, Market Risk, Money Market Mutual Fund Risk, Pandemic Risk, Prepayment Risk, and Quantitative Model Risk. More information about these risks and other risks can be found in the Funds’ prospectus.
The Matisse Funds are distributed by Capital Investment Group, Inc., Member FINRA/SIPC, 100 E. Six Forks Road, Suite 200, Raleigh, North Carolina 27609. There is no affiliation between Matisse Capital, including their principals, and Capital Investment Group, Inc. Serial #RCMAT0324001.
An investor should consider the investment objectives, risks, and charges and expenses of the Funds carefully 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 1-800-773-3863. The prospectus should be read carefully before investing. Current and future holdings are subject to change and risk.
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 Funds 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, CFA 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.