Matisse Discounted Closed-End Fund Strategy Inst (MDCEX)
7.14
+0.02
(+0.28%)
USD |
Jun 05 2025
Key Stats
Customize
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 3.84% | 55.19M | -- | 55.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 1.126M | 17.59% | 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 Flex - US |
| Peer Group | Flexible Portfolio Funds |
| Global Macro | Mixed Asset HC Flexible |
| 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:
27
-360.92M
Peer Group Low
154.09M
Peer Group High
1 Year
% Rank:
19
1.126M
-4.362B
Peer Group Low
1.198B
Peer Group High
3 Months
% Rank:
18
-1.240B
Peer Group Low
531.96M
Peer Group High
3 Years
% Rank:
22
-10.34B
Peer Group Low
2.411B
Peer Group High
6 Months
% Rank:
14
-2.289B
Peer Group Low
591.11M
Peer Group High
5 Years
% Rank:
71
-19.72B
Peer Group Low
2.488B
Peer Group High
YTD
% Rank:
20
-2.025B
Peer Group Low
515.06M
Peer Group High
10 Years
% Rank:
68
-54.32B
Peer Group Low
7.111B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of June 06, 2025.
Asset Allocation
As of April 30, 2025.
| Type | % Net |
|---|---|
| Cash | 3.06% |
| Stock | 79.41% |
| Bond | 12.32% |
| Convertible | 0.00% |
| Preferred | 0.62% |
| Other | 4.59% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
Tetragon Financial Group Ltd ORD
|
8.71% | -- | -- |
|
Pershing Square Holdings Ltd ORD
|
6.46% | -- | -- |
| Destra Multi-Alternative Fund | 4.35% | 8.74 | 0.69% |
| Mexico Fund Inc | 3.90% | 17.13 | 0.29% |
| Japan Smaller Capitalization Fund Inc | 3.80% | 9.55 | -0.42% |
| Templeton Dragon Fund Inc | 3.75% | 9.88 | -0.30% |
| Highland Global Allocation Fund | 3.71% | 8.86 | -1.01% |
| Highland Opportunities and Income Fund | 3.67% | 5.15 | -0.19% |
| SRH Total Return Fund, Inc. | 3.64% | 17.45 | 0.75% |
|
Third Point Investors Ltd ORD
|
3.44% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.95% |
| Administration Fee | 50.84K% |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | 0.00% |
| General Availability | |
| Available for Insurance Product | -- |
| Available for RRSP | -- |
| 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 Flex - US |
| Peer Group | Flexible Portfolio Funds |
| Global Macro | Mixed Asset HC Flexible |
| 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 (6-5-25) | 6.78% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Stock | |
| Weighted Average PE Ratio | 18.37 |
| Weighted Average Price to Sales Ratio | 3.977 |
| Weighted Average Price to Book Ratio | 3.561 |
| Weighted Median ROE | 18.36% |
| Weighted Median ROA | 8.28% |
| ROI (TTM) | 12.18% |
| Return on Investment (TTM) | 12.18% |
| Earning Yield | 0.0970 |
| LT Debt / Shareholders Equity | 0.7477 |
| Bond | |
| Yield to Maturity (4-30-25) | 6.10% |
| Average Coupon | 6.16% |
| Calculated Average Quality | 4.703 |
| Effective Maturity | 13.84 |
| Nominal Maturity | 16.04 |
As of April 30, 2025
Growth Metrics
| EPS Growth (1Y) | 26.22% |
| EPS Growth (3Y) | 10.10% |
| EPS Growth (5Y) | 11.46% |
| Sales Growth (1Y) | 20.68% |
| Sales Growth (3Y) | 5.26% |
| Sales Growth (5Y) | 7.77% |
| Sales per Share Growth (1Y) | 41.23% |
| Sales per Share Growth (3Y) | 5.85% |
| Operating Cash Flow - Growth Ratge (3Y) | 15.23% |
As of April 30, 2025
Fund Details
| Key Dates | |
| Inception Date | 10/31/2012 |
| Last Annual Report Date | 3/31/2024 |
| Last Prospectus Date | 8/1/2024 |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | -- |
| 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. |