Matco Fixed Income Fund (Series F)
Fund Documents [LINK]    Fund Codes [LINK]    As at March 31 2023  

Investment Profile
The Fund invests in Canadian investment-grade government and corporate bonds to generate interest income and modest capital appreciation.

Fund Inception Date

2017

Fund Net Asset Value

$103.1 Million

Portfolio Manager

Trevor Galon, CFA

Yield

Current Yield 3.3%
Yield to Maturity 4.2%

Is this fund for you?

• You are seeking income, stability and capital preservation

• You have a low tolerance for risk on your investment

• You are looking to hold the investment for the short, medium or long term

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Geographic Profile

Canadian-focused
The fund invests primarily in Canadian dollar-denominated bonds issued by governments and corporations. The Fund may invest in up to 20% in U.S. corporate bonds.Fixed Income Geographic Profile 22Q4

Strategy

To preserve capital and generate income, the Fund uses a multi strategy approach to optimize the portfolio.

Investor Education

  • Learn about Matco and our investment philosophy
  • Understand this Fund is not intended to be a complete investment program for all investors

 

Performance (Series F)

As at March 31, 2023    
Annualized
Net of Fees 3M YTD 1Y 3Y 5Y 7Y 10Y Inception
Series F 2.9% 2.9% -3.9% -2.2% -0.2% - - 0.1%

 

Growth of $10,000 since inception

Fixed Income Growth of $10,000 22Q4

Cumulative Returns

  3M YTD 1Y 3Y 5Y 7Y 10Y Inception
Series F 2.9% 2.9% -3.9% -6.3% -1.2% - - 0.3%

 

  • Calendar Year Returns

      2022 2021 2020 2019 2018 2017
    Series F -12.5% -3.1% 8.0% 4.2% 0.7% 1.3%

  • Annual Distribution per Unit ($/unit)

      2022 2021 2020 2019 2018 2017 2016 2015
    Income 0.19 0.16 0.19 0.18 0.16 0.06 - -
    Capital Gains - 0.08 0.15 - - - - -
    Total Distributions: 0.19 0.24 0.34 0.18 0.16 0.06 - -

Sector AllocationFixed Income Sector Allocation 22Q4

Asset MixFixed Income Asset Mix 22Q4

Top Holdings

Canada Government 3.5% 01DEC45 8.5%
Canadian Government Bond 2.75% 01DEC48 7.5%
Canada Housing Trust No. 1 3.55% 15SEP32 6.9%
Canada Housing Trust 1.75% 15JUN30 6.9%
Toronto-Dominion Bank 1.888% 08MAR28 5.0%

 

Canada Housing Trust No. 1 FRN 15SEP24 4.8%
Canadian Government Bond 2.75% 01AUG24 4.8%
Province of Alberta 3.45% 01DEC43 4.3%
Hydro One Inc. 5.36% 20MAY36 4.2%
Bank of Montreal 2.37% 03FEB25 3.4%
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Performance returns for the Matco Mutual Funds are calculated by Matco Financial Inc. These returns are calculated and reported in Canadian dollars and are historical simple returns for the 3 month, YTD and 1 year periods and annualized compounded total returns for periods after 1 year. They include changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. A cumulative return on an investment is the aggregate amount that the investment has gained or lost over time, independent of the amount of time involved, expressed as a percentage. Calendar year return reflects the compound rate of return over the specified calendar year (January 1st to December 31st). Matco Fund returns are calculated after management fees and operating expenses have been deducted.