Matrix Asset Advisors’ Q4 2022 Investor Letter

Matrix Asset Advisors, an asset management company, released its fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, Matrix’s Large Cap Value Portfolio rebounded from the difficult 9 months period of the year and performed in line with the S&P 500 Index but lagged the Russell 1000 Value Index. For the full year, the LCV portfolio modestly lagged the S&P 500 Index and significantly lagged the Russell 1000 Value Index. The Matrix Dividend Income portfolio performed in line with the Russell 1000 Value index and well ahead of the S&P 500 in the quarter. In 2022 MDI portfolio navigated well in the bear market and performed well ahead of the S&P 500 Index and outperformed the Russell 1000 Value Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.