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Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Matisse Discounted Closed-End Fund Strategy

MDCAX |

-

$44 M

-

1.55%

Vitals

YTD Return

0.9%

1 yr return

7.9%

3 Yr Avg Return

1.0%

5 Yr Avg Return

0.2%

Net Assets

$44 M

Holdings in Top 10

62.3%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.55%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 55.00%

Redemption Fee 2.00%

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Matisse Discounted Closed-End Fund Strategy

MDCAX |

-

$44 M

-

1.55%

MDCAX - Profile

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return 1.0%
  • 5 Yr Annualized Total Return 0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.02%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Matisse Discounted Closed-End Fund Strategy
  • Fund Family Name
    Nottingham
  • Inception Date
    Oct 31, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

MDCAX - Performance

Return Ranking - Trailing

Period MDCAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -24.5% 52.3% 4.60%
1 Yr 7.9% -26.5% 82.5% 6.40%
3 Yr 1.0%* -12.4% 10.0% 17.72%
5 Yr 0.2%* -10.5% 7.4% 18.90%
10 Yr N/A* -3.8% 4.3% N/A

* Annualized

Return Ranking - Calendar

Period MDCAX Return Category Return Low Category Return High Rank in Category (%)
2023 13.8% -21.7% 26.6% 19.19%
2022 -22.3% -28.0% 0.2% 94.27%
2021 17.9% -11.6% 22.0% 2.63%
2020 12.3% -14.9% 12.7% 6.90%
2019 -14.8% -29.4% -1.3% 93.44%

Total Return Ranking - Trailing

Period MDCAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -24.5% 52.3% 4.60%
1 Yr 7.9% -26.5% 82.5% 5.81%
3 Yr 1.0%* -11.7% 10.0% 33.54%
5 Yr 0.2%* -7.2% 8.2% 40.16%
10 Yr N/A* 0.1% 7.2% N/A

* Annualized

Total Return Ranking - Calendar

Period MDCAX Return Category Return Low Category Return High Rank in Category (%)
2023 13.8% -21.7% 26.6% 19.19%
2022 -22.3% -28.0% 1.1% 95.54%
2021 17.9% -5.4% 22.0% 3.29%
2020 12.3% -14.9% 19.7% 13.79%
2019 -14.8% -23.3% 1.8% 96.72%

MDCAX - Holdings

Concentration Analysis

MDCAX Category Low Category High MDCAX % Rank
Net Assets 44 M 871 K 3 B 52.30%
Number of Holdings 30 1 1838 53.94%
Net Assets in Top 10 28.3 M 0 3.36 B 55.15%
Weighting of Top 10 62.33% 0.0% 100.0% 66.00%

Top 10 Holdings

  1. NexPoint Strategic Opportunities Fund 10.48%
  2. RMR Real Estate Income Fund 10.45%
  3. Pershing Sq Hldgs 9.03%
  4. Dividend and Income Fund 8.84%
  5. GDL Fund 4.26%
  6. Third Point Offshore USD Ord 4.02%
  7. Boulder Growth & Income 3.87%
  8. MS India Investment 3.85%
  9. Gabelli Global Small & Mid Cap Value Tru 3.82%
  10. ASA Gold and Precious Metals 3.71%

Asset Allocation

Weighting Return Low Return High MDCAX % Rank
Stocks 		82.43% 0.00% 76.30% 0.58%
Preferred Stocks 		6.12% 0.00% 17.05% 7.27%
Other 		5.60% -1.60% 83.31% 32.12%
Bonds 		4.69% -22.52% 78.68% 85.55%
Cash 		1.04% -41.63% 100.00% 73.94%
Convertible Bonds 		0.10% 0.00% 6.22% 50.30%

Stock Sector Breakdown

Weighting Return Low Return High MDCAX % Rank
Energy 		15.85% 0.00% 10.07% 1.96%
Real Estate 		9.59% 0.00% 59.87% 27.45%
Basic Materials 		7.20% 0.00% 68.84% 11.76%
Industrials 		7.19% 0.00% 22.11% 75.82%
Financial Services 		6.74% 0.00% 26.73% 87.58%
Technology 		4.78% 0.00% 54.08% 90.85%
Consumer Cyclical 		4.21% 0.00% 18.69% 83.66%
Communication Services 		3.00% 0.00% 20.51% 83.66%
Consumer Defense 		2.86% 0.00% 31.10% 86.27%
Utilities 		2.78% 0.00% 35.94% 67.97%
Healthcare 		2.69% 0.00% 43.87% 92.16%

Stock Geographic Breakdown

Weighting Return Low Return High MDCAX % Rank
US 		47.20% -3.83% 74.11% 20.00%
Non US 		35.23% 0.00% 35.24% 12.73%

Bond Sector Breakdown

Weighting Return Low Return High MDCAX % Rank
Corporate 		6.99% 0.00% 100.00% 55.76%
Securitized 		2.96% 0.00% 31.43% 49.09%
Cash & Equivalents 		1.04% 0.00% 100.00% 93.94%
Government 		0.93% 0.00% 99.65% 89.09%
Derivative 		0.00% 0.00% 74.33% 93.94%
Municipal 		0.00% 0.00% 14.16% 89.70%

Bond Geographic Breakdown

Weighting Return Low Return High MDCAX % Rank
US 		3.03% -85.02% 66.10% 89.70%
Non US 		1.66% 0.00% 108.51% 78.18%

MDCAX - Expenses

Operational Fees

MDCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.55% 0.00% 5.31% 57.56%
Management Fee 0.99% 0.10% 1.50% 67.05%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.03% 0.70% 54.55%

Sales Fees

MDCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

MDCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.50% 2.00% 25.00%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MDCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 55.00% 0.00% 474.00% 36.94%

MDCAX - Distributions

Dividend Yield Analysis

MDCAX Category Low Category High MDCAX % Rank
Dividend Yield 0.00% 0.00% 6.87% 2.30%

Dividend Distribution Analysis

MDCAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Semi-Annually Annually

Net Income Ratio Analysis

MDCAX Category Low Category High MDCAX % Rank
Net Income Ratio 2.02% -1.71% 6.58% 26.16%

Capital Gain Distribution Analysis

MDCAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

MDCAX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 18.18 5.27 7.93

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