MDCEX — Matisse Discounted Closed-End Fund Strategy
Data updated: 2026-06-12
MDCEX — Matisse Discounted Closed-End Fund Strategy data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. United States Financials Equity · $64.86M AUM · 3.19% expense ratio · 20.7% 1-yr return. From SEC regulatory filings.
MDCEX Fund Overview
MDCEX — Matisse Discounted Closed-End Fund Strategy is a US mutual fund managed by Starboard Investment Trust, categorised as United States Financials Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Starboard Investment Trust
- Category: United States Financials Equity
- Assets under management: $64.86M
- 1-year return: 20.7%
- Ticker: MDCEX
- SEC CIK: 0001464413
- SEC series ID: S000038548
- Share class ID: C000119000
MDCEX Holdings
Top 10 holdings of Matisse Discounted Closed-End Fund Strategy by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Tetragon Financial | 6.90% |
| NexPoint Diversified | 6.32% |
| Taiwan Fund Inc/The | 5.27% |
| Pershing Square Hold | 5.15% |
| Mexico Fund Inc/The | 4.20% |
| Bluerock Total Incom | 4.10% |
| XAI Octagon Floating | 3.92% |
| BlackRock Technology | 3.87% |
| Royce Global Value | 3.87% |
| The FS Credit | 3.70% |
MDCEX Portfolio Allocation
Asset-class allocation of Matisse Discounted Closed-End Fund Strategy by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 103.0% |
| Other | 0.9% |
MDCEX Performance
Total returns for MDCEX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -2.8% |
| 1 year | 20.7% |
| 3 years (annualised) | 18.9% |
| 5 years (annualised) | 13.1% |
MDCEX Risk Information
Risk metrics for MDCEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.9%
MDCEX Costs and Fees
MDCEX costs about $319 per $10,000 invested per year in fund expenses.
- Net expense ratio: 3.19%
- Gross expense ratio: 3.19%
- Portfolio turnover: 23%
- Brokerage commissions: 12.04 bps of average net assets (SEC N-CEN)
MDCEX Cashflows
Over the 12 months to 2026-03, Matisse Discounted Closed-End Fund Strategy had net inflows of $12.04M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | $182.50K |
| 2026-02 | $821.52K |
| 2026-01 | −$1.61M |
| 2025-12 | $4.61M |
| 2025-11 | $381.86K |
| 2025-10 | $1.53M |
MDCEX Debt Constituents
No individual debt constituents are reported in Matisse Discounted Closed-End Fund Strategy's latest SEC N-PORT filing.
MDCEX Prospectus and SEC Filings
Official Matisse Discounted Closed-End Fund Strategy filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Financials Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.