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Matisse Discounted Bond CEF Strat Instl MDFIX

Quantitative rating as of
  • NAV / 1-Day Return 10.33  /  0.39 %
  • Total Assets 40.6 Mil
  • Adj. Expense Ratio
  • Expense Ratio 2.710%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 6.60%
  • Effective Duration 10.56 years

Morningstar’s Analysis MDFIX

Will MDFIX outperform in future?

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



An average Process Pillar and a subpar Parent Pillar help limit Matisse Discounted Bond CEF Strat Instl to a Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

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