Matrix Asset Advisors’ Q3 2024 Investor Letter

Matrix Asset Advisors, an asset management company, released its third-quarter 2023 investor letter. In 2025, the firm anticipates further economic growth with a slight slowdown from the 3% GDP in the previous quarter. Through September 30, Matrix’s Large Cap Value portfolio (LCV) was up in the high teens year-to-date and in the mid-single digits in Q3 2024. The gain for the quarter lagged behind the Russell 1000 Value’s performance but was somewhat greater than the S&P 500. The Matrix Dividend Income (MDI) portfolio saw a significant increase after a slow beginning to the year. It increased by low double digits in the third quarter and by mid-teens for the nine months ending September 30. In the third quarter, the portfolio outperformed the Russell 1000® Value Index and the S&P 500®. In addition, please check the fund’s top five holdings to know its best picks in 2024.

A copy of Matrix Asset Advisors’ Q3 2024 investor letter can be downloaded here.