Matco Small Cap Fund – Portfolio Highlights:
Information Services Corporation: provides registry and information management services
Calian Group Ltd.: operates in the advanced technology, health, learning and information technology segments
Leon’s Furniture Limited: Canada’s largest retailer of furniture and major appliances and owns The Brick brand
Matco Canadian Equity Income Fund – Portfolio Highlights:
TFI International Inc.: provides transportation and logistics across North America
Canadian Tire Corporation Limited: owns banners such as Mark’s, SportChek, Party City, Atmosphere, and PartsSource
Gibson Energy Inc.: owns oil storage and processing facilities and pipeline infrastructure
Source: all figures from CPMS and Bloomberg
The Bottom Line
Strong corporate earnings have driven stock markets globally year to date. Both funds continue to perform well with significantly lower commodity exposure, a higher dividend yield and trading at almost less than half the valuation of the Canadian stock market.
Matco Funds have a substantially different composition than the market indexes as a result of our proprietary M-factor investment process. The Matco Small Cap Fund has an Active Share of 91% and the Matco Canadian Equity Income Fund has an Active Share of 73%. Active Share measures the percentage of a fund’s portfolio that differs from the benchmark index and was designed to quantify the degree of active management.
Please reach out to me for more information on Matco funds.
Anil Tahiliani, MBA, CFA
Vice President & Portfolio Manager, Canadian Equity
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