Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
14.6%
1 yr return
28.8%
3 Yr Avg Return
1.6%
5 Yr Avg Return
N/A
Net Assets
$70.6 M
Holdings in Top 10
40.8%
Expense Ratio 3.64%
Front Load N/A
Deferred Load N/A
Turnover 70.40%
Redemption Fee N/A
Standard (Taxable)
$1,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
1. | NAV Movement and Base Income (Traditional) – investors can benefit when the underlying portfolio of a closed-end fund appreciates in value, and any cash distributions paid out add to total return. |
2. | Closed-End Fund Discount Movement (Enhanced) – unique to closed-end funds, investors benefit when a closed-end fund’s discount closes relative to its net asset value, creating capital appreciation potential. |
3. | Excess Income Due to Discount (Enhanced) – regardless of discount level, closed-end funds pay out distributions at-NAV, so discounts amplify the income level you receive. |
Period | MDFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 14.6% | -8.0% | 14.7% | 0.31% |
1 Yr | 28.8% | -6.4% | 30.0% | 0.15% |
3 Yr | 1.6%* | -16.8% | 16.7% | 39.09% |
5 Yr | N/A* | -14.1% | 14.4% | N/A |
10 Yr | N/A* | -6.9% | 6.9% | N/A |
* Annualized
Period | MDFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.5% | -12.0% | 15.7% | 6.73% |
2022 | -21.7% | -31.8% | 18.4% | 94.51% |
2021 | 0.7% | -16.2% | 25.7% | 15.40% |
2020 | N/A | -31.1% | 18.7% | N/A |
2019 | N/A | -6.1% | 15.3% | N/A |
Period | MDFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 14.6% | -8.0% | 14.7% | 0.31% |
1 Yr | 28.8% | -6.4% | 30.0% | 0.15% |
3 Yr | 1.6%* | -16.8% | 16.7% | 39.09% |
5 Yr | N/A* | -14.1% | 14.4% | N/A |
10 Yr | N/A* | -6.9% | 6.9% | N/A |
* Annualized
Period | MDFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.6% | -6.9% | 22.2% | 3.21% |
2022 | -15.8% | -31.8% | 21.1% | 94.36% |
2021 | 4.8% | -13.5% | 49.9% | 13.29% |
2020 | N/A | -28.6% | 24.1% | N/A |
2019 | N/A | -4.8% | 19.1% | N/A |
MDFIX | Category Low | Category High | MDFIX % Rank | |
---|---|---|---|---|
Net Assets | 70.6 M | 2.53 M | 143 B | 88.82% |
Number of Holdings | 54 | 4 | 9195 | 89.81% |
Net Assets in Top 10 | 22.6 M | -204 M | 80.4 B | 87.50% |
Weighting of Top 10 | 40.78% | 6.2% | 209.5% | 30.17% |
Weighting | Return Low | Return High | MDFIX % Rank | |
---|---|---|---|---|
Stocks | 86.49% | -4.92% | 99.66% | 6.48% |
Cash | 13.51% | -94.66% | 91.07% | 12.04% |
Convertible Bonds | 0.59% | 0.00% | 33.50% | 63.23% |
Preferred Stocks | 0.00% | 0.00% | 26.42% | 82.41% |
Other | 0.00% | -73.61% | 112.16% | 83.02% |
Bonds | 0.00% | 0.00% | 192.97% | 96.76% |
Weighting | Return Low | Return High | MDFIX % Rank | |
---|---|---|---|---|
Energy | 69.25% | 0.00% | 100.00% | 19.66% |
Consumer Cyclical | 15.54% | 0.00% | 89.95% | 9.40% |
Industrials | 5.69% | 0.00% | 100.00% | 33.62% |
Real Estate | 4.86% | 0.00% | 100.00% | 23.36% |
Utilities | 2.99% | 0.00% | 100.00% | 25.64% |
Consumer Defense | 0.88% | 0.00% | 99.97% | 29.34% |
Basic Materials | 0.44% | 0.00% | 100.00% | 35.04% |
Communication Services | 0.19% | 0.00% | 100.00% | 42.17% |
Technology | 0.17% | 0.00% | 28.30% | 33.05% |
Healthcare | 0.00% | 0.00% | 18.60% | 81.77% |
Financial Services | 0.00% | 0.00% | 100.00% | 88.03% |
Weighting | Return Low | Return High | MDFIX % Rank | |
---|---|---|---|---|
US | 86.49% | -4.84% | 99.66% | 6.48% |
Non US | 0.00% | -0.26% | 17.73% | 77.62% |
MDFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 3.64% | 0.03% | 20.67% | 3.23% |
Management Fee | 0.65% | 0.00% | 2.29% | 64.17% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.70% | 50.00% |
MDFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.50% | N/A |
MDFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
MDFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 70.40% | 0.00% | 632.00% | 42.27% |
MDFIX | Category Low | Category High | MDFIX % Rank | |
---|---|---|---|---|
Dividend Yield | 6.65% | 0.00% | 23.30% | 7.03% |
MDFIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Monthly |
MDFIX | Category Low | Category High | MDFIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.56% | -1.55% | 11.51% | 63.17% |
MDFIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 27, 2024 | $0.061 | OrdinaryDividend |
Aug 29, 2024 | $0.061 | OrdinaryDividend |
Jul 30, 2024 | $0.061 | OrdinaryDividend |
Apr 29, 2024 | $0.061 | OrdinaryDividend |
Mar 27, 2024 | $0.061 | OrdinaryDividend |
Feb 28, 2024 | $0.061 | OrdinaryDividend |
Jan 30, 2024 | $0.061 | OrdinaryDividend |
Dec 28, 2023 | $0.181 | OrdinaryDividend |
Sep 28, 2023 | $0.181 | OrdinaryDividend |
Jun 29, 2023 | $0.181 | OrdinaryDividend |
Mar 30, 2023 | $0.181 | OrdinaryDividend |
Dec 29, 2022 | $0.096 | OrdinaryDividend |
Dec 29, 2022 | $0.085 | CapitalGainLongTerm |
Sep 29, 2022 | $0.181 | OrdinaryDividend |
Jun 29, 2022 | $0.181 | OrdinaryDividend |
Mar 30, 2022 | $0.181 | OrdinaryDividend |
Sep 29, 2021 | $0.167 | OrdinaryDividend |
Jun 29, 2021 | $0.167 | OrdinaryDividend |
Mar 30, 2021 | $0.167 | OrdinaryDividend |
Dec 30, 2020 | $0.173 | OrdinaryDividend |
Sep 29, 2020 | $0.150 | OrdinaryDividend |
Jun 29, 2020 | $0.150 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Apr 30, 2020
2.08
2.1%
Mr. Torkelson is the founder and has been the chief investment officer of Matisse Capital since 2010. He has been in the investment business since 1981. He began his career with Smith Barney, spent 10 years at Dain Bosworth as a senior vice president, managing partner, and perennial Chairman’s Club member, founded Matisse Capital’s predecessor firm in 1997, and then started Matisse Capital in 2010. Mr. Torkelson received a Bachelor of Science in Finance from the University of Oregon.
Start Date
Tenure
Tenure Rank
Apr 30, 2020
2.08
2.1%
Mr. Boughton joined the predecessor firm to Matisse Capital in 2006, and has been the Portfolio Manager and Chief Analyst at Matisse Capital since 2010. Before that, Mr. Boughton was a Portfolio Manager and Analyst with 1st Source, where he co-managed a publicly traded mutual fund, created the firm’s outside mutual fund recommendation list, analyzed individual equity securities, generated investment commentary, and devised a quantitative approach to fundamentals-based security selection. Mr. Boughton received a BS degree with distinction in mathematics from the University of Houston in 1997, and is a CFA charter holder.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.19 | 5.72 | 3.19 |
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