Morningstar

Matisse Discounted Bond CEF Strategy Institutional Class MDFIX

Morningstar Medalist Rating
Medalist Rating as of | See Matisse Funds Investment Hub
  • NAV / 1-Day Return 10.00  /  +0.10 %
  • Total Assets 53.6M
  • Adj. Expense Ratio
    2.530%
  • Expense Ratio 1.240%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 6.56%
  • Effective Duration 12.30 years

USD | NAV as of Sep 05, 2026 | 1-Day Return as of Sep 05, 2026, 1:48 AM GMT+0

Morningstar’s Analysis MDFIX

Will MDFIX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MDFIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MDFIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MDFIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Matisse Discounted Bond CEF Strat Instl holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings MDFIX

More MDFIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 47.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Inv MM Government I

31.65 17M
Cash and Equivalents

PIMCO California Municipal Income Fund

9.57 5M
—

PIMCO New York Municipal Income Fund II

7.96 4M
—

XAI Octagon FR & Alternative Inc Trust

4.20 2M
—

Aberdeen Municipal Income

3.91 2M
—

FS Credit Opportunities Corp

3.84 2M
—

Nuveen Floating Rate Income Fund

3.65 2M
—

Western Asset Inflation-Linked Opportunities and Income Fund

3.59 2M
—

FS Specialty Lending Fund

3.58 2M
—

Invesco Senior Income Trust

3.54 2M
—

Sponsor Center