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Matisse Discounted Bond Cef Strategy Institutional Class: (MF: MDFIX)

(NASDAQ Mutual Funds) As of Apr 2, 2026 05:19 PM ET

$10.02 USD

-0.05 (-0.50%)

Zacks MF Rank

This is our Mutual Fund rating system that serves as a timeliness indicator for Mutual Fund's over the next 6 months:

Zacks Rank Definition
1 Strong Buy
2 Buy
3 Hold
4 Sell
5 Strong Sell

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3-Hold of 5     3    

View All Zacks Mutual Fund Rank #1's

Latest Performance as of Feb 28, 2026

Total Return %* Percentile Rank Objective
YTD -0.66 98
3 months -0.25 98
6 months 3.53 95
1 Year 3.65 97
3 Year 8.97 85
5 Year 4.15 86
10 Year NA NA

* Annual for three years and beyond.

Zacks Premium Research for MDFIX

Zacks MF Rank

This is our Mutual Fund rating system that serves as a timeliness indicator for Mutual Fund's over the next 6 months:

Zacks Rank Definition
1 Strong Buy
2 Buy
3 Hold
4 Sell
5 Strong Sell

Zacks Mutual Fund Rank FAQ - Learn more about the Zacks Mutual Fund Rank
Zacks Mutual Fund Rank Home - All Zacks Rank resources in one place
Zacks Premium - The only way to get access to the Zacks Rank

Hold 3
MF Report

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Portfolio Statistics

% Unrealized Gain -.20
% Yield 6.45
% SEC Yield NA
Net Assets (Mil $) 2/28/2026 51.55
% Turnover 2/28/2026 35.97

Risk

3 Year 5 Year 10 Year
Beta 0.64 0.59 NA
Alpha -5.57 -5.09 0.00
R Squared 0.60 0.60 NA
Std. Dev. 9.36 11.55 NA
Sharpe 0.49 0.12 NA

Sector / Country Weightings

As of 2/28/2026 % of Portfolio
Finance 61.21
Other 38.79

Portfolio Holdings

Top Equity Holdings
(As of 9/30/2025)
% of Portfolio Value (Mil$)
TOTAL*SHORT TERM INVESTME 38.57 19.88
PIMCO CALIFORNIA MUNI INC 9.95 5.13
PIMCO NY MUNI INCOME FUND 8.34 4.30
WESTERN ASSET INF LINKED 3.97 2.04
BLACKROCK MUNI 2030 TGT T 3.92 2.02
BNY MELLON MUNI BOND INFR 3.74 1.93
ABERDEEN NATL MUNI INC FD 3.38 1.74
PUTNAM MUNICIPAL OPPORT T 3.33 1.72
BNY MELLON STRATEGIC MUNI 3.31 1.71

Stock Holding % of Net Assets

As Of 9/30/2025
Total Issues 26
Avg. P/E NA
Avg. P/Book NA
Avg. EPS Growth NA
Avg. Market Value (Mil $) 221

Composition

% of Portfolio
Stocks 13.27
Foreign Stocks 0.00
Cash 38.57
Bonds 0.00
Foreign Bonds 0.00
Preferred 0.00
Convertible 0.00
Other 48.16
Foreign Hedged 0.00

Style Analysis

% of Portfolio
Large Growth NA
Large Value NA
Small Growth NA
Small Value NA
Foreign Stock NA
Emerging Market NA
Precious Metal NA
Intermediate Bond NA
Foreign Bond NA
High Yield Bond NA