iNTF = Institutional No Transaction Fee
We are excited to share that our funds are now available for purchase WITHOUT TRANSACTION FEES on Fidelity’s iNTF platform effective March 1st, 2024.
This transition has been made for both the Matisse Discounted Closed-End Fund Strategy (MDCEX) and Matisse Discounted Bond CEF Strategy (MDFIX).
For current MDCEX and MDFIX shareholders on the Fidelity platform:
- Existing shares (those purchased prior to 3/1/24) remain “TF” and will still be subject to a transaction fee if sold.
- New shares of our funds purchased on the Fidelity platform (post the 3/1/24 iNTF amendment) pay no transaction fee.
- That means if an existing shareholder buys additional shares on 3/1/24 or after, the new shares are iNTF while the old shares remain “TF”.
- In such a “split” situation, Fidelity applies FIFO in order to decide whether any future sales are “TF” or iNTF.
Please reach out to funds@matissecap.com if you have any questions.
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 #RCMAT0224004.
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.