Matco Balanced Fund (Series F)
Fund Documents [LINK] Fund Codes [LINK] As at September 30, 2020
Investment Profile
The Fund invests in a diversified portfolio of Canadian companies, global companies and high-quality bonds in order to preserve capital, produce income and generate long term capital appreciation.
2007
$192.5 Million
Trevor Galon, CFA
1.7%
The fund generally has an asset mix of Canadian bonds, (40%-60%), Canadian equities (25%-45%) and foreign equities (0%-35%).
The fund seeks to preserve capital, produce income and generate long term capital appreciation by optimizing its asset mix of investments through top-down and bottom-up analysis.
The fund focuses on companies that meet Matco’s strict investment criteria which include:
Quality
Income
Growth
Value
Risk
Ensure you have an investment time horizon of 5+ years
Learn about Matco and our investment philosophy
Assess the fund’s performance over a 5-year period in order to recognize the fund’s true value
| As at September 30 |
Annualized
|
|||||||
|---|---|---|---|---|---|---|---|---|
| Net of Fees | 3M | YTD | 1Y | 3Y | 5Y | 7Y | 10Y | Incep. |
| Series F | 3.9% | 0.7% | 2.3% | 3.3% | 4.6% | 5.5% | 5.5% | 4.4% |
| 3M | YTD | 1Y | 3Y | 5Y | 7Y | 10Y | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Series F | 3.9% | 0.7% | 2.3% | 10.2% | 25.4% | 45.2% | 71.2% | 73.2% |
| 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Series F | 9.5% | -4.2% | 7.6% | 6.9% | 5.5% | 6.2% | 14.4% | 6.3% | -0.3% | 10.4% | 18.8% | -20.8% | 1.0% |
| From 2014 to 2019 |
From 2013 to 2018 |
From 2012 to 2017 |
From 2011 to 2016 |
From 2010 to 2015 |
From 2009 to 2014 |
From 2008 to 2013 |
From 2007 to 2012 |
|
|---|---|---|---|---|---|---|---|---|
| Series F | 5.0% | 4.3% | 8.1% | 7.8% | 6.3% | 7.3% | 9.7% | 1.9% |
| 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|
| Income | 0.27 | 0.14 | 0.15 | 0.16 | 0.18 |
| Capital Gains | 0.25 | 0.42 | 0.36 | 0.17 | - |
| Total Distributions: | 0.52 | 0.56 | 0.51 | 0.33 | 0.18 |
| Matco Fixed Income Fund | 39.5% |
|---|---|
| Matco Global Equity Fund | 29.0% |
| Matco Canadian Equity Income Fund | 20.4% |
| Matco Small Cap Fund | 5.9% |
| Cash | 4.2% |
| BMO NASDAQ 100 EQU Hedged to CAD Ind ETF | 1.0% |
The year 2020 has been fraught with challenges on a global scale which have significantly impacted the economic outlook. The COVID-19 pandemic shut down the global economy to an extent, sending the global labor market into a tailspin. Earlier in the year, it was difficult to imagine how exactly the economy was going to work through the challenges it faced. Although the economy is far from out of the woods, it has shown some positive and encouraging signs of recovery. Global governments and central banks stepped up with unprecedented economic stimulus, which stalled the tailspin. What we have also learned is that the economy is rather resilient, in large part due to consumer behavior. With individuals receiving support payments from the government, the consumer does not stop spending, but rather reallocates where they spend. Although travel, resorts, restaurants and other service-related sectors have been punished, online retailers, shipping companies, technology, renovation, landscaping and other sectors have benefited greatly and present forward-looking opportunities. Meanwhile, the jobs recovery has begun, and the industrial production cycle has re-engaged. Although the road to recovery won’t be traveled overnight, the economy will continue to expand gradually as it repairs the wounds left behind by the pandemic, shifting to where growth is possible. The predominant risks on the horizon are a re-closure (to an extent) of the economy due to an uptick in global COVID-19 cases and the U.S. presidential election which may subject Americans to greater taxes. In Canada, we continue to face ballooning budget deficits and a political landscape that is lacking any enticement to the global business community. Overall, although some fog remains, we continue to focus on the long-term economic recovery which should bear fruit for investors who stick to a disciplined investment process.
