We are honored to announce that the Matisse Discounted Closed-End Fund Strategy (MDCEX) was a winner at LSEG Lipper Fund Awards United States 2024 in recognition of consistently strong risk-adjusted performance relative to its peers.
Our Award
- LSEG Lipper Fund Awards United States 2024 Winner, Matisse Discounted Closed-End Fund Strategy, Best in Flexible Portfolio Funds Over 3 Years (out of 135 funds; for the period ending 11/30/23)
The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.
The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. For more information, see lipperfundawards.com. Although LSEG Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by LSEG Lipper.
Methodology Criteria includes: U.S. local classifications are used in the United States, rather than Lipper Global Classifications. Money Market Funds are excluded from all fund award classifications. Some funds may be excluded from award consideration if, in the opinion of LSEG Lipper’s Research staff, the portfolio has undergone too many classification changes or changed classifications recently. Additionally, S&P 500 Index funds, S&P Midcap 400 Index funds, equity leverage funds, specialty diversified equity funds, specialty fixed income funds, specialty/miscellaneous funds, other states municipal deft funds, other states intermediate municipal debt funds, and other states short/intermediate municipal debt funds are not eligible to receive classification awards.
See the full list of winners 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% |
The Total Annual Fund Operating Expense for the Fund as disclosed in the prospectus is 3.70% dated August 1, 2023. 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. 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 monthly 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.
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 #RCMAT0424003.
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.