Matrix Advisors Dividend Fund
MADFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 10 Bank Street, Suite 590 White Plains NY United States of America 10606
- IPO Date
- Oct 13, 2016
- CIK
- 0001679949
- Similar Companies
- Business
- Matrix Advisors Dividend Fund (MADFX) is an open-end mutual fund that seeks current income and capital appreciation through investments primarily in dividend-paying common stocks and depositary receipts of U.S. companies and U.S.-listed international companies in developed markets. The fund employs a value-oriented investment philosophy rooted in Graham and Dodd principles, using proprietary Classic Valuation Analysis and eight intrinsic value models to select financially strong companies with high, sustainable dividends, manageable payout ratios, histories of dividend growth, and prices at a discount to intrinsic value; it maintains a focused portfolio of 20-30 high-conviction holdings, primarily large-cap value stocks across sectors such as financial services, technology, consumer defensive, utilities, and healthcare, with at least 80% of net assets plus borrowings allocated to dividend-paying equities, low portfolio turnover of around 20-35%, and minor allocations to cash and non-U.S. stocks. Launched on October 13, 2016, the fund is managed by a team at Matrix Asset Advisors, Inc., including Stephan Weinberger, David Katz, Lon Birnholz, Steven Roukis, and Jordan Posner, and is available to U.S. investors through platforms with a minimum initial investment of $1,000, subsequent investments of $100, net expense ratio of approximately 0.90-1.23%, and assets under management of roughly $42.9-53.31 million. Matrix Asset Advisors, Inc., the fund's adviser, was founded in 1986 by David A. Katz, CFA, its president and chief investment officer, and is headquartered at 10 Bank Street, Suite 590, White Plains, New York 10606, with an additional office in New York City; the firm is 100% employee-owned, with partners holding significant personal investments alongside clients, and oversees about $971 million in assets under management as of early 2022 through long-only, bottom-up value strategies including separate accounts, ESG variants, fixed income portfolios, and wealth management programs. The fund is distributed by Quasar Distributors, LLC, and operates exclusively in the United States, targeting conservative, income-oriented equity investors seeking low volatility, downside protection, and potential capital growth from quality dividend payers. No major strategic changes, such as acquisitions, partnerships, funding rounds, new product launches, or reorganizations, have been reported for the fund or its adviser in the last 1-2 years; the investment strategy, team, and operations have maintained continuity, with ongoing emphasis on the established Dividend Income approach as part of Matrix's broader equity offerings. Recent updates reflect steady portfolio management, including a dividend yield of approximately 1.95-2.08% and ex-dividend payments such as $0.70 per share annually, alongside routine prospectus filings like the 2024 version detailing principal strategies.