Matisse Capital

03/01/2024

We are excited to share that Matisse Funds are now NTF (No Transaction Fee) on Fidelity Investments effective March 1st, 2024 🙌 This transition has been made for both the Matisse Discounted Closed-End Fund Strategy (MDCEX) and Matisse Discounted Bond CEF Strategy (MDFIX) 📈 please direct all inquiries to [email protected] 🔥

Official statement: https://www.matissecap.com/blog/matisse-funds-now-available-on-fidelitys-intf-platform-3-1-24/



An investor should consider the investment objectives, risks, and charges and expenses of the Funds before investing. The prospectus contains this and other information about the Funds. A copy of the prospectus is available at http://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.

An investment in the Funds 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 Funds will be successful in meeting their investment objectives.

Distributor: Capital Investment Group, Inc., Member FINRA/SIPC. There is no affiliation between Matisse Capital, including its principals, and Capital Investment Group, Inc. Serial .

iNTF = Institutional No Transaction Fee We are excited to share that our funds are now available for purchase WITHOUT TRANSACTION FEES on Fidelity’s iNTF platform effective March 1st, 2024. This transition has been made […]

02/26/2024

Our team had a fantastic time hosting the Lake Oswego Chamber of Commerce for their networking event this past Friday! It was a great opportunity to connect with fellow professionals in the area and discuss the latest trends and developments in our community. Thank you to everyone who attended and made it a success!

08/02/2023

🎉👋 Welcome to the team, Garrett Gilbert! 🎉 We couldn't be more thrilled to have you on board as our new Operations Associate! 🙌 Garrett's journey with us started back in March 2023 as an intern, and we're delighted to announce that we've officially hired him full-time! 🎊 His commitment to operational excellence pushes him to constantly improve our existing procedures and processes while creating innovative new ones. 💡

Please join us in giving Garrett a warm welcome! 🎉👏

06/26/2023

We are thrilled to welcome Ali Durbin to the Matisse Capital team as our new Client Engagement Specialist! With her impressive background and unwavering commitment to delivering exceptional client experiences, Ali is the perfect fit to help build and nurture relationships with our esteemed clients. Her exceptional interpersonal communication skills make her a valuable asset to our team.

Please join us in giving her a warm welcome!

04/29/2023

Moving day! 🚚📦 We are excited to announce that our offices will be moving to a new location over the weekend. As of Monday May 1st, our new address will be: 15350 SW Sequoia Parkway, Suite 260, Portland, OR 97224.

Our mail will be forwarded, and our other contact information (including phone numbers and email addresses) will remain unchanged. We look forward to meeting you in our new location!

04/05/2023

Thank you Barron's 🙏 for letting our own Eric Boughton, CFA share some insights on Muni Bond CEFs and the opportunities we're seeing today 👀📈 in a rare moment, the average Muni Bond CEF discount hit double-digits in late March 🚨 prompting us to tactically increase our muni exposure to 50% within the Matisse Discounted Bond CEF Strategy (MDFIX) ‼

Read now: https://www.barrons.com/articles/muni-closed-end-funds-e8497fbb

An investor should consider the investment objectives, risks, and charges and expenses of the Fund 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.

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.

Distributor: Capital Investment Group, Inc., Member FINRA/SIPC. There is no affiliation between Matisse Capital, including its principals, and Capital Investment Group, Inc.

This article is solely informational and does not constitute legal, tax, investment, accounting or other investment advice. This is not an offer to sell or a solicitation to purchase an interest in any investment. Investing is inherently risky, investors should carefully consider the investment objectives, risks, charges and expenses of a Fund before investing and be aware they may not receive a return equal to their initial investment and may lose their entire investment. Forward-looking statements are speculative in nature and may vary significantly from actual results. Past performance is not indicative of future results with no assurances an investment will achieve comparable results. The views expressed reflect the current opinions of Eric Boughton, CFA and may not be the opinions of Matisse in general.

The funds yield more than long-term Treasuries and trade for double-digit percentage discounts to net asset value.

01/03/2023

Hot off the press 📰🔥 Barron's has highlighted the Matisse Discounted Bond CEF Strategy (MDFIX) in their year-end special on the best income investment ideas for 2023 👀💡 Also featured, Bryn Torkelson on the opportunities we’re seeing in discounted bond CEFs 🐂📈

Read now: https://www.barrons.com/articles/best-income-investments-stock-bonds-dividends-yield-51672449027

An investor should consider the investment objectives, risks, and charges and expenses of the Fund 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.

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.

Distributor: Capital Investment Group, Inc., Member FINRA/SIPC. There is no affiliation between Matisse Capital, including its principals, and Capital Investment Group, Inc.

This article is solely informational and does not constitute legal, tax, investment, accounting or other investment advice. This is not an offer to sell or a solicitation to purchase an interest in any investment. Investing is inherently risky, investors should carefully consider the investment objectives, risks, charges and expenses of a Fund before investing and be aware they may not receive a return equal to their initial investment and may lose their entire investment. Forward-looking statements are speculative in nature and may vary significantly from actual results. Past performance is not indicative of future results with no assurances an investment will achieve comparable results. The views expressed reflect the current opinions of Bryn Torkelson and may not be the opinions of Matisse in general.

Yields are up on a range of attractive investments—and many beat inflation. 12 ways to cash in.

12/06/2022

Our own Eric Boughton, CFA (Chief Analyst & Co-Portfolio Manager of MDCEX and MDFIX) was featured on the Money Life with Chuck Jaffe podcast to discuss the current state of the closed-end fund market and opportunities we're seeing today 📈 this marks the fourth time Eric has appeared on the Money Life Show 💰 follow the link below for an audio replay 🎙🔥

https://moneylifeshow.libsyn.com/matisse-capitals-boughton-likes-munis-junk-foreign-stocks-and-mkps

As of September 30, 2022, MDCEX held a 0.69% position in ASA, 3.55% position in DNIF, 5.97% position in GER, 0.51% position in KF, and a 0.87% position in NXG. MDFIX did not hold positions in these securities. The Funds did not have positions in CHI.

An investor should consider the investment objectives, risks, and charges and expenses of the Funds before investing. The prospectus contains this and other information about the Funds. A copy of the prospectus is available at www.ncfunds.com or by calling Shareholder Services at 800-773-3863. The prospectus should be read carefully before investing. Current and future holdings are subject to change and risk.

An investment in the Funds 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 Funds will be successful in meeting their investment objective.

Distributor: Capital Investment Group, Inc., Member FINRA/SIPC. There is no affiliation between Matisse Capital, including its principals, and Capital Investment Group, Inc.

This interview is for informational purposes only and may not be relied on in any manner as legal, tax, investment, accounting or other investment advice and does not constitute an offer to sell or a solicitation of an offer to purchase an interest in any investment. Investing is inherently risky and investors should be aware that they may not receive a return equal to their initial investment and may lose their entire investment. An investor should consider the investment objectives, risks, and charges and expenses of the Fund carefully before investing.

Forward-looking information is based on numerous assumptions and is speculative in nature and may vary significantly from actual results. Past performance is not necessarily indicative of future results, and there can be no assurance that an investment will achieve comparable results in the future. The views expressed reflect the current opinions of Eric Boughton and may not be the opinions of Matisse in general. Matisse is an SEC registered investment adviser. Registration does not imply any level of skill or training.

Eric Boughton, portfolio manager/chief analyst at Matisse Capital -- which runs mutual funds that invest in closed-end funds -- says that investors can find attractive discounts in a few sectors right now, notably in municipal bonds, high-yield and bank-loan funds are worth investigating in fix...

11/29/2022

Thank you Barron's for letting our own Eric Boughton, CFA provide color on why BDC investors should consider a swap to closed-end funds (CEFs) 📈 many CEFs sport attractive yields with less leverage and lower fees than their BDC counterparts 👀 the Matisse Discounted Closed-End Fund Strategy (MDCEX) invests into both equity and fixed income CEFs, with a core focus on finding CEFs that trade at historically significant discounts.

Read now: https://www.barrons.com/articles/business-development-companies-face-growing-risks-51669423042

An investor should consider the investment objectives, risks, and charges and expenses of the Fund 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.

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.

Distributor: Capital Investment Group, Inc., Member FINRA/SIPC. There is no affiliation between Matisse Capital, including its principals, and Capital Investment Group, Inc.

This article is solely informational and does not constitute legal, tax, investment, accounting or other investment advice. This is not an offer to sell or a solicitation to purchase an interest in any investment. Investing is inherently risky, investors should carefully consider the investment objectives, risks, charges and expenses of a Fund before investing and be aware they may not receive a return equal to their initial investment and may lose their entire investment. Forward-looking statements are speculative in nature and may vary significantly from actual results. Past performance is not indicative of future results with no assurances an investment will achieve comparable results. The views expressed reflect the current opinions of Eric Boughton, CFA and may not be the opinions of Matisse in general.

Business development companies, which lend to private entities, could struggle as the economy softens and loan quality deteriorates.

11/08/2022

Looking for an astute play on Bill Ackman? 🧠 our own Eric Boughton, CFA was recently featured in Barron's and provided some color about Ackman’s closed-end fund (PSH) 📈 PSH currently trades at a -34.8% discount (as of 10/31/22) and is our 2nd largest holding in the Matisse Discounted Closed-End Fund Strategy (MDCEX) 🐂

https://www.barrons.com/articles/bill-ackman-pershing-square-holdings-stock-51667593080

PSH is an 8.59% position in MDCEX (as of 9/30/22).

MDCEX is -12.28% year-to-date; -9.49% one-year; +2.14% annualized 3-year; +3.63% annualized 5-year; and +5.82% annualized since inception 10/31/12 (as of 9/30/22).

Performance data quoted is past performance, which is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. An investment’s return and principal value will fluctuate such that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance current to the most recent month end can be obtained by calling 1-800-773-3863. Performance shown assumes reinvestment of dividends and capital gains distributions. Total Fund Expenses are 2.48% (as of August 1, 2022).

An investor should consider the investment objectives, risks, and charges and expenses of the Fund 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.

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.

Distributor: Capital Investment Group, Inc., Member FINRA/SIPC. There is no affiliation between Matisse Capital, including its principals, and Capital Investment Group, Inc.

This article is solely informational and does not constitute legal, tax, investment, accounting or other investment advice. This is not an offer to sell or a solicitation to purchase an interest in any investment. Investing is inherently risky, investors should carefully consider the investment objectives, risks, charges and expenses of a Fund before investing and be aware they may not receive a return equal to their initial investment and may lose their entire investment. Forward-looking statements are speculative in nature and may vary significantly from actual results. Past performance is not indicative of future results with no assurances an investment will achieve comparable results. The views expressed reflect the current opinions of Eric Boughton, CFA and may not be the opinions of Matisse in general.

Bill Ackman’s investment fund trades at a 35% discount to net asset value. Ackman may have a plan to shrink the gap.

11/01/2022

A historic rout in the bond market this year has sent municipal bond yields soaring 📈 our own Bryn Torkelson shed some light for Barron's on the "double discount" we're seeing today in municipal bond CEFs 👀 note the Matisse Discounted Bond CEF Strategy (MDFIX) invests into both taxable and tax-free bond CEFs 💸 MDFIX had 25% lookthrough exposure to municipal bonds as of quarter-end (9/30/22).

Read now: https://www.barrons.com/articles/municipal-bonds-yields-income-investing-51666995142

An investor should consider the investment objectives, risks, and charges and expenses of the Fund 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.

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.

Distributor: Capital Investment Group, Inc., Member FINRA/SIPC. There is no affiliation between Matisse Capital, including its principals, and Capital Investment Group, Inc.

This article is solely informational and does not constitute legal, tax, investment, accounting or other investment advice. This is not an offer to sell or a solicitation to purchase an interest in any investment. Investing is inherently risky, investors should carefully consider the investment objectives, risks, charges and expenses of a Fund before investing and be aware they may not receive a return equal to their initial investment and may lose their entire investment. Forward-looking statements are speculative in nature and may vary significantly from actual results. Past performance is not indicative of future results with no assurances an investment will achieve comparable results. The views expressed reflect the current opinions of Bryn Torkelson and may not be the opinions of Matisse in general.

A 5% muni now offers a tax equivalent yield of almost 8% for individuals in the top federal tax bracket.