Matco Global Equity Fund (Series F)
Fund Documents [LINK] Fund Codes [LINK] As at June 30, 2020
Investment Profile
The Fund invests in global companies that have the ability to pay dividends and grow earnings. A majority of these companies are based in the U.S., Europe and Emerging Markets (such as China, Taiwan, South Korea and India).
2017
$84 Million
Baron Lee, CFA
2.7%
Global-focused
The Fund’s geographic profile may change over time due to the portfolio manager’s assessment of regional market conditions such as interest rates, economic growth and company earnings growth.
The Fund follows a bottom-up and top-down strategy approach. The Fund's U.S exposure is focused on 30-35 dividend-paying companies. To gain exposure to leading non-U.S. companies, the Fund invests in regional exchange-traded funds to provide portfolio diversification.
The U.S. Equity Portfolio owns companies that meet Matco’s strict investment criteria which include:
Ensure you have an investment time horizon of 5+ years
You understand the amount invested in any one region will vary depending on the investment opportunities
The companies’ earnings growth cycle may fluctuate over time
Learn about Matco and our investment philosophy
Understand this Fund is not intended to be a complete investment program for all investors
| As at June 30 |
Annualized
|
|||||||
|---|---|---|---|---|---|---|---|---|
| Net of Fees | 3M | YTD | 1Y | 3Y | 5Y | 7Y | 10Y | Incep. |
| Series F | 12.5% | -6.2% | 2.4% | - | - | - | - | 4.7% |
| 3M | YTD | 1Y | 3Y | 5Y | 7Y | 10Y | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Series F | 12.5% | -6.2% | 2.4% | - | - | - | - | 13.6% |
| Calendar Year Performance | 2019 | 2018 | 2017 |
|---|---|---|---|
| Series F | 19.3% | -3.9% | 5.7% |
| 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|
| Income | 0.09 | 0.01 | - | - | - |
| Capital Gains | 0.22 | - | - | - | - |
| Total Distributions: | 0.31 | 0.01 | - | - | - |
| Matco U.S. Equity Portfolio | 45.8% |
|---|---|
| BMO S&P 500 Hedged to CAD ETF | 16.7% |
| iShares MSCI Europe IMI Index ETF (CAD-Hedged) | 11.8% |
| iShares Core MSCI Emerging Markets IMI Index ETF | 6.7% |
| iShares MSCI Japan Index ETF (USD-Hedged) | 6.5% |
|---|---|
| Cash | 5.7% |
| BMO MSCI Europe High Quality Hedged to CAD ETF | 5.0% |
A pharmaceutical company with a focus on neuroscience, endocrinology, oncology and immunology.
A global technology company that sells networking products to service providers and corporations.
The premiere global hardware and software company that creates various personal devices and offers cloud services.
A global technology company that provides semiconductor and infrastructure software solutions.
The company creates GPS navigation and wearable technology for the automotive, aviation, marine and fitness markets.
Manufactures semiconductors for use in radio frequency and mobile communications systems.
A pharmaceutical company with a focus on immunology and oncology.
A leading global consulting firm providing advice on strategy, technology, digital capabilities and operational issues across various industries.
A leading global hardware company that designs products that bring people together through music, gaming, video, and computing.
A global leader in consumer cyber security for personal devices, identity theft prevention, and online privacy with over 20 million clients.
For the remainder of 2020, we expect equity markets to consolidate and experience periods of increased volatility. The sources of volatility include but are not limited to, a potential second wave of COVID-19, an escalating U.S.-China/Europe trade war, the U.S. presidential election and concerns over global growth. In June, the International Monetary Fund revised its 2020 global growth forecast lower by 1.9%, from -3.0% to -4.9%. Beyond 2020, we are optimistic and believe that equity markets have entered a new bull market, which should provide long-term investors with significant returns over its duration. For example, over the life of the last bull market, March 2009 to February 2020, the S&P 500 was up over 400%. Long-term investors should buy the dips, as fundamentals are expected to improve when the global economy begins to recover in late 2020 or early 2021.
