Matisse Discounted Closed-End Fund Strategy Inst (MDCEX)
7.86
+0.01
(+0.13%)
USD |
Dec 04 2025
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 3.19% | 67.31M | -- | 23.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 7.773M | 21.65% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund seeks long-term capital appreciation and income. Under normal conditions, the Fund will invest at least 80% of its net assets in closed-end funds which pay regular periodic cash distributions, the interest of which typically trade at substantial discounts relative to their underlying net asset value. |
| General | |
| Security Type | Mutual Fund |
| Broad Asset Class | Allocation |
| Broad Category | Allocation |
| Global Peer Group | Mixed Asset USD Flexible - US |
| Peer Group | Flexible Portfolio Funds |
| Global Macro | -- |
| US Macro | Mixed-Assets Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Flexible Portfolio Funds |
| Fund Owner Firm Name | Matisse Capital |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
31
-237.75M
Peer Group Low
179.44M
Peer Group High
1 Year
% Rank:
17
7.773M
-3.984B
Peer Group Low
1.778B
Peer Group High
3 Months
% Rank:
23
-796.47M
Peer Group Low
644.65M
Peer Group High
3 Years
% Rank:
20
-11.20B
Peer Group Low
3.226B
Peer Group High
6 Months
% Rank:
22
-1.818B
Peer Group Low
1.187B
Peer Group High
5 Years
% Rank:
71
-17.56B
Peer Group Low
3.808B
Peer Group High
YTD
% Rank:
21
-3.482B
Peer Group Low
1.702B
Peer Group High
10 Years
% Rank:
70
-50.92B
Peer Group Low
7.379B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of December 05, 2025.
Asset Allocation
As of October 31, 2025.
| Type | % Net |
|---|---|
| Cash | 3.78% |
| Stock | 80.35% |
| Bond | 14.28% |
| Convertible | 0.00% |
| Preferred | -0.21% |
| Other | 1.80% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Tetragon Financial Group Ltd. | 8.96% | 18.24 | 0.00% |
| Pershing Square Holdings Ltd. | 6.42% | 66.95 | 0.61% |
| Taiwan Fund Inc | 4.36% | 56.09 | 0.45% |
|
Other Assets less Liabilities
|
4.14% | -- | -- |
| Mexico Fund Inc | 3.68% | 19.54 | -0.36% |
| Highland Opportunities and Income Fund | 3.61% | 6.10 | 0.00% |
| Highland Global Allocation Fund | 3.56% | 9.55 | -1.44% |
| BlackRock Technology and Private Equity Term Trust | 3.56% | 6.77 | 0.45% |
| Templeton Dragon Fund Inc | 3.49% | 11.36 | 0.98% |
| Morgan Stanley China A Share Fund Inc | 3.47% | 16.44 | 2.56% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.95% |
| Administration Fee | 61.45K% |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | 0.00% |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 1000.00 None |
| Minimum Subsequent Investment | 100.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks long-term capital appreciation and income. Under normal conditions, the Fund will invest at least 80% of its net assets in closed-end funds which pay regular periodic cash distributions, the interest of which typically trade at substantial discounts relative to their underlying net asset value. |
| General | |
| Security Type | Mutual Fund |
| Broad Asset Class | Allocation |
| Broad Category | Allocation |
| Global Peer Group | Mixed Asset USD Flexible - US |
| Peer Group | Flexible Portfolio Funds |
| Global Macro | -- |
| US Macro | Mixed-Assets Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Flexible Portfolio Funds |
| Fund Owner Firm Name | Matisse Capital |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (12-3-25) | 6.16% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 40 |
| Stock | |
| Weighted Average PE Ratio | 22.58 |
| Weighted Average Price to Sales Ratio | 5.402 |
| Weighted Average Price to Book Ratio | 4.869 |
| Weighted Median ROE | 36.50% |
| Weighted Median ROA | 9.74% |
| ROI (TTM) | 13.94% |
| Return on Investment (TTM) | 13.94% |
| Earning Yield | 0.1047 |
| LT Debt / Shareholders Equity | 0.7785 |
| Number of Equity Holdings | 5 |
| Bond | |
| Yield to Maturity (10-31-25) | 5.49% |
| Effective Duration | -- |
| Average Coupon | 5.71% |
| Calculated Average Quality | 3.543 |
| Effective Maturity | 10.01 |
| Nominal Maturity | 13.28 |
| Number of Bond Holdings | 0 |
As of October 31, 2025
Growth Metrics
| EPS Growth (1Y) | 32.03% |
| EPS Growth (3Y) | 9.64% |
| EPS Growth (5Y) | 13.70% |
| Sales Growth (1Y) | 25.02% |
| Sales Growth (3Y) | 4.75% |
| Sales Growth (5Y) | 9.00% |
| Sales per Share Growth (1Y) | 45.60% |
| Sales per Share Growth (3Y) | 5.45% |
| Operating Cash Flow - Growth Rate (3Y) | 18.98% |
As of October 31, 2025
Fund Details
| Key Dates | |
| Inception Date | 10/31/2012 |
| Last Annual Report Date | 3/31/2025 |
| Last Prospectus Date | 8/1/2025 |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds |
|
| Currency Hedged Fund | -- |
| Synthetic Replication Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:MDCEX", "name") |
| Broad Asset Class: =YCI("M:MDCEX", "broad_asset_class") |
| Broad Category: =YCI("M:MDCEX", "broad_category_group") |
| Prospectus Objective: =YCI("M:MDCEX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |