Modern Capital
Mutual Funds

Income Never Goes Out of Style

The Modern Capital Tactical Opportunities Fund



Seek to provide monthly cash distributions to shareholders without abandoning capital appreciation.


Provide exposure to both equity and fixed income asset classes.


Utilize Cash as a tactical asset class without limitations.


Invests opportunistically to capitalize on potential inefficiencies in the Closed End Fund (CEF) market.


Can respond quickly to changes in market dynamics with active management.


Invests in professionally managed CEFs in addition to ETFs, ADRs, Debt & Equity instruments.


Manages asset allocation tactically to ensure fund health and attempt to maximize cash distributions for shareholders.


Can potentially generate additional alpha through changes in CEF pricing to NAV.


Modern Capital's core values are reflected in its investment process.

Research & Analysis

Once a thesis is established, the in-house research team evaluates targeted ideas, based on the critical characteristics, including:

  • Liquidity

  • Underlying securities

  • Historical performance

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Sourcing and Evaluation

A broad scope of market factors are considered, and may vary from time to time, depending upon the portfolio's current composition. The team seeks to:

  • Establish a general market outlook.

  • Evaluate and constantly monitor all closed-end fund market segments.

  • Assess the capital markets, geo-political and macroeconomic environment.

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Trading & Execution

The team trades across all sectors and market capitalizations

  • Portfolio typically contains 40 to 80 total long positions in CEFs, ETFs, ADRs and Equity & debt instruments.

  • Average time horizon is less than one year.

  • Actively managed averaging over 300 trades per month.

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Portfolio Monitoring

The portfolio team convenes for a formal discussion to:

  • Challenge research assumptions.

  • Assess the thesis through the filter of the firm's daily and longer-view trading strategies.

  • Optimize return profile by daily trading against core positions.

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Gross Expense: 2.72%; Net Expense: 1.92%; Inception date: Class A: 04/05/21; Class ADV: 06/23/21.

The Adviser and Modern Capital Funds Trust (the "Trust") have entered into an expense limitation agreement whereby the adviser has contractually agreed to waive a portion of its fees and/or reimburse certain Fund expenses, including the adviser's management fee, any 12b-1 fees and organizational expenses (exclusive of (i) any front-end or contingent deferred loads; (ii) brokerage fees and commissions, (iii) acquired fund fees and expenses; (iv) borrowing costs (such as interest and dividend expense on securities sold short); (v) taxes; (vi) specialized pricing services and (vii) extraordinary expenses, such as litigation expenses (which may include indemnification of Trust officers and Trustees, contractual indemnification of Fund service providers (other than the adviser)) in order to limit annual Fund operating expenses to 0.90%, and 0.90% for Class A shares, and Class ADV shares, respectively. These expense limitations will remain in effect until at least July 31, 2024. This agreement may be terminated by the Trust's Board of Trustees (the "Board") upon written notice to the Adviser. The agreement may not be terminated by the Adviser without consent of the Board. The Adviser will be permitted to recover fees and expenses it has borne, within three years after the fees were waived or expenses reimbursed, only to the extent that the Fund's expenses do not exceed the lesser of (1) the expense limit in effect at the time the adviser waives or limits the fees and (2) the expense limit in effect at the time the Adviser recovers fees.

The performance information quoted represents past performance and is not a guarantee of future results. An investment's investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investors may obtain performance data current to the most recent month-end by calling 1-800-773-3863. Total return measures net investment income and capital gain or loss from portfolio investments. All performance shown assumes reinvestment of dividends and capital gains distributions.

Let's Talk

Our consulting process begins with a discussion about your needs, your pain points, and strategic vision. Contact us to schedule a discovery call to get started.


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Additional Notes


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Investors should consider the Fund's investment objectives, risks, charges, and expenses before investing. The prospectus contains this and other information about the Fund. A copy of the prospectus is available at or by calling Shareholder Services at 800-711-9164. The prospectus should be read carefully before investing. Current and future holdings are subject to change and risk.

Investments in the Fund are subject to investment risks, including the possible loss of some or the entire principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Investment in the Fund is also subject to the following risks:

· Active Trading Risk: Active trading may result in added expenses, a lower return, and increased tax liability. Since the Fund's advisor engages in high-turnover trading strategies, the Fund will have high portfolio turnover rates.

· Closed-End Fund Risk: Closed-end funds (CEFs) are subject to investment advisory and other expenses, which will be indirectly paid by the Fund resulting in duplicative fees and expenses. CEFs are also subject to management risk because the advisor to the underlying CEF may be unsuccessful in meeting the fund's investment objective.

· Equity Securities Risk: Equity securities are subject to changes in value, and their values may be more volatile than those of other asset classes. These changes in value may result from factors affecting individual issuers, industries, or the stock market.

More information about these risks can be found in the Fund's prospectus.

The Modern Capital Tactical Opportunities Fund is distributed by Vigilant Distributors, LLC., Member FINRA/SIPC. There is no affiliation between Modern Capital Management Co., including its principals, and Vigilant Distributors, LLC.

Securities offered through Modern Capital Securities Inc. Member FINRA/SIPC. Fee Based advisory services offered by Modern Capital Advisors, LLC and Modern Capital Management Company, SEC registered investment advisory firms.

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