Matco Small Cap Fund (Series F)
Fund Documents [LINK]    Fund Codes [LINK]     As at December 31, 2022 

Investment Profile
The Fund invests in small to mid-sized dividend-paying Canadian companies that are typically growing faster than the economy. The Fund seeks to generate regular dividend income plus long-term capital appreciation.

Fund Inception Date

2010

Fund Net Asset Value

$64.2 Million

Portfolio Manager

Anil Tahiliani, MBA, CFA

Dividend Yield

5.0%

Is this fund for you?

• You typically have a 5+ year investment horizon

• You are seeking above-average capital gain potential

• You can tolerate medium risk on your investment

• You can withstand volatility in the value of the fund's securities

 

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Geographic Profile

Canadian-focused
The Fund has the flexibility to look for the best small-cap companies in North America. This includes up to 30% in U.S Small Cap companies.

Small Cap Geographic Profile 22Q4

Strategy

The Fund invests in a focused portfolio of 30-35 highest conviction companies.

The fund focuses on companies that meet Matco’s strict investment criteria which include:

  • Quality
  • Income
  • Growth
  • Value
  • Risk

Investor Education

  • Assess the fund’s performance over a 5-year period in order to recognize the fund’s true value

  • Understand this Fund is not intended to be a complete investment program for all investors

  • Ensure you have an investment time horizon of 5+ years

  • Understand that at times the fund’s performance may be out of sync with the market

  • The companies’ earnings growth cycle may fluctuate over time

  • Learn about Matco and our investment philosophy

 

Performance (Series F)

As at December 31, 2022    
Annualized
Net of Fees 3M YTD 1Y 3Y 5Y 7Y 10Y Incep.
Series F 10.5% -6.6% -6.6% 2.0% 0.5% 3.8% 5.7% 6.4%

Growth of $10,000 since inception

Small Cap Growth of $10K 22Q4

Cumulative Returns

  3M YTD 1Y 3Y 5Y 7Y 10Y Incep.
Series F 10.5% -6.6% -6.6% 6.0% 2.8% 29.7% 74.1% 120.9%

 

  • Calendar Year Returns

    Calendar Year Performance 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
    Series F -6.6% 13.2% 0.2% 10.5%  -12.3% 9.6% 15.1% 5.9% 1.4% 25.1% 12.1% -12.7% 29.7%

  • Rolling 5-Year Returns

      From 2017 
    to 2022    		 From 2016 
    to 2021    		 From 2015 
    to 2020    		 From 2014
    to 2019     		 From 2013
    to 2018    		 From 2012
    to 2017    		 From 2011
    to 2016    		 From 2010
    to 2015
    Series F 0.5% 3.8% 4.2% 5.3%  3.5% 11.1% 11.6% 5.6%

  • Annual Distribution per Unit ($/unit)

      2022 2021 2020 2019 2018 2017 2016 2015
    Income 0.45 0.35 0.11 0.63 0.66 0.42 0.28 0.26
    Capital Gains – – – 2.10 - 0.50 - -
    Total Distributions: 0.45 0.35 0.11 2.73 0.66 0.92 0.28 0.26

Sector Allocation

Small Cap Sector Allocation 22Q4

Asset Mix

Small Cap Asset Mix 22Q4

 

Top Holdings

Canadian Dollar 4.7%
PHX Energy Services Corp. 4.2%
Magnet Forensics Inc. 4.0%
Canaccord Genuity Group Inc. 3.8%
Information Services Corporation 3.7%
Cogeco Inc. 3.7%
Park Lawn Corporation 3.6%
Computer Modelling Group Ltd. 3.6%
Pason Systems Inc. 3.5%
Labrador Iron Ore Royalty Corporation 3.4%

  • 4.7% - Canadian Dollar

  • 4.2% - PHX Energy Services Corp.

    The largest independent horizontal and directional drilling service provider in North America.

  • 4.0% - Magnet Forensics Inc.

    A developer of digital investigation software that acquires analyzes, reports on and manages evidence from digital sources, including computers, mobile devices, IoT devices and cloud services.

  • 3.8% - Canaccord Genuity Group Inc.

    A global independent financial firm offering capital markets and wealth management services.

  • 3.7% - Information Services Corporation

    Provides registry and information services for public data and records

  • 3.7% - Cogeco Inc.

    Provides telecom services in Ontario, Quebec and 13 U.S. states and owns 21 radio stations in Quebec.

  • 3.6% - Park Lawn Corporation

    Owns and operates funeral and cemetery properties across the U.S. and Canada.

  • 3.6% - Computer Modelling Group Ltd.

    Provides reservoir modelling software and consulting services for the energy sector.

  • 3.5% - Pason Systems Inc.

    Provides hardware, software and services for the oil and gas drilling industry.

  • 3.4% - Labrador Iron Ore Royalty Corporation

    The company receives a royalty and per tonnage commission on all iron ore products produced, sold and shipped by Iron Ore Company of Canada

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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.