# Matisse Discounted Cl-End Fd Strat Instl (MDCEX)

> Source: Nexqual · https://nexqual.com/MDCEX · data as of 2026-10-24 00:03 UTC · cite as "Nexqual, Matisse Discounted Cl-End Fd Strat Instl (MDCEX), nexqual.com/MDCEX" · informational, not investment advice.

**Price:** USD 7.54 (-0.13% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 7.55 · day 7.54–7.54 · 52w 7.19–8.11 · market cap null · NAS

## Key facts
- Total return with dividends: 1Y +5.0% vs S&P 500 +13.4%; 5Y +75.4% vs S&P 500 +76.9%.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +5.0% | +75.4% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +5.0% | +11.9% |
| Volatility (annualized) | 12.1% | 14.1% |
| Max drawdown | -9.3% (Jan 2026→Mar 2026) | -15.8% (Mar 2022→Oct 2022) |

## Peers
MDFIX (Matisse Discounted Bond CEF Str) USD 9.61 +0.00% · FAMEX (FAM Dividend Focus Fund) USD 55.87 +0.00% · CEFS (Saba Opportunistically Hedged C) USD 23.91 -0.42% · SMLPX (Salient MLP & Energy Infrastruc) USD 12.26 -0.00% · DSCPX (Davenport Small Cap Focus Fund) USD 15.59 -0.00%

## More
Full page: https://nexqual.com/MDCEX · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt