Portland Business Journal recently produced a feature article on our firm, highlighting the April 2020 launch of the Matisse Discounted Bond CEF Strategy (MDFIX). Matisse team members who appear in the article include Bryn Torkelson (CIO & Co-Portfolio Manager), Nik Torkelson (VP Finance & Marketing), and Eric Boughton, CFA (Chief Analyst & Co-Portfolio Manager). The article (titled After initial success, Matisse Capital doubles down on fund strategy) was written by Matthew Kish and published in the Portland Business Journal on September 24, 2021.
MDFIX has returned +9.48% year-to-date, +9.48% trailing 1-year, and +21.68% annualized since inception 4/30/20 (as of 12/31/21). 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).
MDFIX is the 6th ranked mutual fund in Morningstar’s Multisector Bond category over the past 12 months, based on total return (out of 339 mutual funds; as of 12/31/21). For complete fund ranking information, click here. This ranking was generated by Morningstar and includes all share classes for funds with multiple share classes. The performance used for this ranking information was based on total return, and some fees were waived during the period per the Advisor’s expense limitation agreement with the Fund.
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, 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 Risk and Other Infectious Illnesses Risk, Convertible Securities Risk, Cybersecurity Risk, Equity Securities Risk, Foreign Securities Risk, ADR Risk, General Investment 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 Funds’ prospectus.
Distributor: Capital Investment Group, Inc., Member FINRA/SIPC. There is no affiliation between Matisse Capital, including its principals, and Capital Investment Group, Inc.
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 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, Nik Torkelson, and Eric Boughton, CFA and may not be the opinions of Matisse in general.