MDCEX — Matisse Discounted Closed-End Fund Strategy
Data updated: 2026-08-28
MDCEX — Matisse Discounted Closed-End Fund Strategy. United States Blend / Core Financials Equity · $74.98M AUM. Holdings, fees, performance and SEC 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 Blend / Core 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 Blend / Core Financials Equity
- Assets under management: $74.98M
- 1-year return: 18.7%
- 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 |
|---|---|
| Fidelity Investments | 7.26% |
| Tetragon Financial | 6.56% |
| NexPoint Diversified | 6.22% |
| Taiwan Fund Inc/The | 5.99% |
| The Korea Fund | 5.00% |
| Pershing Square Hold | 4.06% |
| The FS Credit | 3.73% |
| Highland Income Fund | 3.61% |
| SRH Total Return | 3.58% |
| Royce Global Value | 3.57% |
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 | 91.4% |
| Cash & Equivalents | 7.3% |
| Other | 0.9% |
MDCEX Performance
Total returns for MDCEX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 6.5% |
| 1 year | 18.7% |
| 3 years (annualised) | 20.4% |
| 5 years (annualised) | 13.2% |
MDCEX Risk Information
Risk metrics for MDCEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.6%
MDCEX Costs and Fees
MDCEX costs about $320 per $10,000 invested per year in fund expenses.
- Net expense ratio: 3.20%
- Gross expense ratio: 3.20%
- Portfolio turnover: 31%
- Brokerage commissions: 12.04 bps of average net assets (SEC N-CEN)
MDCEX Cashflows
Over the 12 months to 2026-06, Matisse Discounted Closed-End Fund Strategy had net inflows of $14.60M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$2.09M |
| 2026-05 | $752.94K |
| 2026-04 | $6.36M |
| 2026-03 | $182.50K |
| 2026-02 | $821.52K |
| 2026-01 | −$1.61M |
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.
- Prospectus (485BPOS) — filed 2026-07-29
- Prospectus (485BPOS) — filed 2025-07-29
- Prospectus (485BPOS) — filed 2024-07-29
- Portfolio holdings (N-PORT) — filed 2026-08-28
- Portfolio holdings (N-PORT) — filed 2026-05-22
- Portfolio holdings (N-PORT) — filed 2026-02-24
- Annual census (N-CEN) — filed 2026-06-12
- Annual census (N-CEN) — filed 2025-06-13
Related Funds
Other United States Blend / Core 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.