[ad_1]
Charleston, South Carolina, January 8, 2024 /PRNewswire/ — Modern Capital Tactical Opportunities Fund (tickers: MCTDX and MCTOX) is changing its name to Modern Capital Tactical Income Fund. michael pierce, head of institutional distribution, said, “The name change reflects the nature of the fund to provide maximum distribution without giving up the prospect of appreciation.” The fund will also change from quarterly distributions to monthly distributions. This optimizes and complements the fund’s position as a best-in-class return solution across strategic sectors. Pierce added, “We are very proud of our portfolio management team. peter montalbano & michael loewenberg’s our ability to provide meaningful dividends and consistent performance; They have his third year in a row of double-digit returns…not many managers in his portfolio can claim that. ”
|
Performance as of December 31, 2023 |
|||||||
|
share class |
One |
three |
Six |
YTD |
1 year |
annual rate of return |
total return |
|
Class A (NAV) |
3.04% |
12.34% |
6.07% |
17.31% |
17.31% |
17.53% |
48.02% |
|
A class (sales commission 5.0%) |
-1.74% |
7.11% |
1.22% |
12.13% |
12.13% |
15.36% |
42.09% |
|
HFRI 500 Macro: Multi |
0.75% |
1.25% |
5.26% |
2.17% |
2.56% |
5.42% |
14.85% |
|
Class Advisor (NAV) |
3.01% |
12.32% |
6.02% |
16.89% |
16.89% |
13.45% |
33.93% |
|
HFRI 500 Macro: Multi |
0.75% |
1.25% |
5.26% |
2.17% |
2.56% |
6.06% |
15.28% |
Chris Wilde“We are excited to launch as Modern Capital Tactical Income Fund in 2024,” said Modern Capital President and Chief Information Officer. We remain in a solid and favorable environment to achieve both revenue and capital growth next year.”
For more information about the fund, please see the fund prospectus here. Past performance does not guarantee future results.
Modern Capital is an institutional asset management firm focused on providing investment solutions for investment advisors, RIAs, and pension plans. For more information about Modern Capital, please visit moderncap.com.
Please read the prospectus and consider the fund’s investment objective, risks and expenses before investing. To obtain a prospectus containing this and other information, please visit Visited for a prospectus. Asset holdings are subject to change and may be subject to risk.
Investments in the Fund involve risks, including loss of principal invested. The Fund may not be able to achieve its objectives. The Fund is subject to the following risks: Active trading may result in additional costs, lower revenues, and increased tax liability. The Fund’s portfolio turnover rate is high because the Adviser engages in high-turnover trading strategies. Closed-end funds (CEFs) are subject to investment advisory fees and other expenses that are paid indirectly by the fund, resulting in duplicative fees. The underlying CEF’s advisor may not meet the Fund’s objectives. Stocks can fluctuate in value, and their value can be more volatile than the values of other asset classes. These changes in value can be caused by factors affecting individual issuers, industries, or the stock market. The prospectus contains detailed information about the risks of the fund.
Distributor: Vigilant Distributors, LLC., Member FINRA/SIPC. There is no relationship between Modern Capital Management Co. (including its principals) and Vigilant Distributors, LLC.
contact:
michael pierce
mpierce@moderncap.com
Source Modern Capital Co., Ltd.
[ad_2]
Source link
