The Modern Capital Tactical Opportunities Fund was built in the spirit of a private fund that began trading over 20-years ago. The fund, which is sold as both A (MCTOX) and Advisory (MCTDX) shares, seeks to invest a significant portion of the portfolio in Closed End Funds (CEF) to exploit pricing inefficiencies and take advantage of CEF’s ability to leverage their assets while overseen by a professional portfolio management team.
Unlike some funds with a narrow mandate that can restrict a portfolio manager’s ability to react to evolving market conditions, the Modern Capital Tactical Opportunities Fund allows the management team wide discretion, including the ability to expose the portfolio to both long and short holdings.
Due to a CEF’s natural pricing discrepancy with its holdings, the portfolio managers look to buy funds trading at a discount to its Net Asset Value. CEFs also frequently leverage their holdings and, as a result, are capable of returning increased yields compared to a non-leveraged portfolio. This enhanced yield allows the The Modern Capital Tactical Opportunities Fund to seek above market income without abandoning the potential for equity-like asset appreciation.
An investment in the Modern Capital Tactical Opportunities Fund is 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, Closed-End Fund risk, Equity Securities Risk, ADR Risk, Call Risk, Cybersecurity Risk, Emerging Market Risk, ETF Risk, Foreign and Currency Exposure Risk, High-Yield Risk, Interest Rate Risk, Leverage Risk, Limited History of Operations Risk, Management Risk, New Advisor Risk, Non-Diversification Risk, Security Market Risk, Short Selling Risk, Small and Medium (Mid) Capitalization Stock Risk and Stock Value Risk. More Information about these risks can be found in the Fund Prospectus.
An Investor should consider the investment objectives, risks, and charges and expenses of the Fund before investing. The prospectus contains this and other information about the Fund. A Copy of the prospectus is available at https://fundinfopages.com/MCTOX or by calling Shareholder Services at 800-773-3863. The prospectus should be read carefully before investing. Current and future holdings are subject to change and risk.
The Modern Capital Tactical Opportunities Fund is distributed by Capital Investment Group, Inc, Member FINRA/SIPC, 100 E Six Forks Road, Suite 200, North Carolina 27609. There is no affiliation between Modern Capital Management Co., including their principals and Capital Investment Group, Inc.