The Matisse Discounted Closed-End Fund Strategy (MDCEX) was featured in MDCEX: A Fund that Spins Off Solid Income AND Gives You Ackman Exposure. The profile piece was written by Nilus Mattive and published in MoneyShow on February 15th, 2024. Notably, MDCEX was highlighted as a recommended buy.
Read the full MoneyShow profile here.
| Performance as of 3/31/2024 | 3-Month | YTD | 1-Year | 3-Year Annualized | 5-Year Annualized | 10-Year Annualized | Since Inception MDCEX 10/31/2012 (average annual) |
|---|---|---|---|---|---|---|---|
| MDCEX | 7.52% | 7.52% | 26.15% | 11.57% | 9.23% | 8.43% | 8.31% |
Returns longer than one year are annualized. The performance information quoted represents past performance, which is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s 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. For performance current to most recent month-end, please send a request to info@matissecap.com, or call Shareholder Services at 1-800-773-3863. The Total Annual Fund Operating Expense for the Fund as disclosed in the prospectus is 3.70% dated August 1, 2023. Total return measures net investment income and capital gain or loss from portfolio investments. All performance shown assumes reinvestment of dividends and capital gains distributions. There is no guarantee that the Fund will pay or continue to pay distributions.
| Yield as of 3/31/2024 | Distribution Rate | Subsidized 30-Day SEC Yield | Unsubsidized 30-Day SEC Yield |
|---|---|---|---|
| MDCEX | 7.59% | 6.00% | 5.80% |
Distribution Rate is calculated by annualizing actual distributions for the quarterly period ended on the date shown and dividing by the net asset value on the last business day for the same period. Distributions may include capital gains distributions or a return of capital.
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. The Expense Limitation Agreement runs through July 31, 2024 and may be terminated by the Board of Trustees of the Fund at any time.
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, Control of Closed-End Funds Risk, Cybersecurity Risk, Equity Securities Risk, Fixed Income Securities Risk, Foreign Securities Risk, Fund of Funds Risk, General Investment Risks, Investment Advisor Risk, Leverage Risk, Loans Risk, Management Style Risk, Market Risk, Money Market Mutual Fund Risk, Pandemic 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 #RCMAT0224002.
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.