Matisse Discounted Bond CEF Strategy Inst (MDFIX)
10.11
+0.08
(+0.80%)
USD |
Apr 08 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 2.42% | 53.23M | -- | 36.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -3.612M | 8.01% |
Basic Info
| Investment Strategy | |
| The Fund seeks total return with an emphasis on providing current income. The Fund is a fund of funds that seeks to achieve its investment objective principally through investments in unaffiliated closed-end funds (the Portfolio Funds) that are registered under the Investment Company Act of 1940, as amended. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD |
| Peer Group | Multi-Sector Income Funds |
| Global Macro | Bond HC |
| US Macro | General Domestic Taxable Fixed Income Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Multi-Sector Income Funds |
| Fund Owner Firm Name | Matisse Capital |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
45
-182.05M
Peer Group Low
1.079B
Peer Group High
1 Year
% Rank:
58
-3.612M
-1.532B
Peer Group Low
30.81B
Peer Group High
3 Months
% Rank:
53
-378.74M
Peer Group Low
9.030B
Peer Group High
3 Years
% Rank:
56
-4.552B
Peer Group Low
73.89B
Peer Group High
6 Months
% Rank:
57
-791.20M
Peer Group Low
19.03B
Peer Group High
5 Years
% Rank:
53
-7.511B
Peer Group Low
64.13B
Peer Group High
YTD
% Rank:
53
-378.74M
Peer Group Low
9.030B
Peer Group High
10 Years
% Rank:
67
-14.73B
Peer Group Low
119.84B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of April 09, 2026.
Asset Allocation
As of December 31, 2025.
| Type | % Net |
|---|---|
| Cash | 12.44% |
| Stock | 3.84% |
| Bond | 108.4% |
| Convertible | 0.00% |
| Preferred | -15.74% |
| Other | -8.99% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Fidelity Instl Government Portfolio I | 38.57% | 1.00 | 0.00% |
| Pimco California Municipal Income Fund | 9.87% | 8.78 | 0.80% |
| Pimco New York Municipal Income Fund II | 8.19% | 7.00 | 0.86% |
| BlackRock Municipal 2030 Target Term Trust | 3.95% | 22.99 | 0.17% |
| Western Asset Inflation-Linked Opportunities & Income Fund | 3.80% | 8.525 | 0.41% |
| XAI Octagon Floating Rate & Alternative Income Trust | 3.69% | 17.65 | 0.46% |
| FS Credit Opportunities Corp | 3.63% | 5.065 | 2.12% |
| abrdn National Municipal Income Fund | 3.45% | 10.10 | 2.43% |
| Invesco Senior Income Trust | 3.07% | 3.175 | -0.47% |
| Neuberger Municipal Fund Inc. | 2.64% | 10.19 | 0.10% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.65% |
| Administration Fee | 69.33K% |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| 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 total return with an emphasis on providing current income. The Fund is a fund of funds that seeks to achieve its investment objective principally through investments in unaffiliated closed-end funds (the Portfolio Funds) that are registered under the Investment Company Act of 1940, as amended. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD |
| Peer Group | Multi-Sector Income Funds |
| Global Macro | Bond HC |
| US Macro | General Domestic Taxable Fixed Income Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Multi-Sector Income Funds |
| Fund Owner Firm Name | Matisse Capital |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (4-7-26) | 6.64% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 25 |
| Bond | |
| Yield to Maturity (12-31-25) | 4.45% |
| Effective Duration | 8.16 |
| Average Coupon | 4.78% |
| Calculated Average Quality | 2.983 |
| Effective Maturity | 13.12 |
| Nominal Maturity | 17.84 |
| Number of Bond Holdings | 0 |
As of December 31, 2025
Fund Details
| Key Dates | |
| Inception Date | 4/30/2020 |
| 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 | -- |
| Socially Responsible 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:MDFIX", "name") |
| Broad Asset Class: =YCI("M:MDFIX", "broad_asset_class") |
| Broad Category: =YCI("M:MDFIX", "broad_category_group") |
| Prospectus Objective: =YCI("M:MDFIX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |