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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$23.85

$112 M

2.68%

$0.64

0.86%

Vitals

YTD Return

0.5%

1 yr return

4.2%

3 Yr Avg Return

-0.7%

5 Yr Avg Return

0.5%

Net Assets

$112 M

Holdings in Top 10

98.5%

52 WEEK LOW AND HIGH

$23.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.86%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$23.85

$112 M

2.68%

$0.64

0.86%

FMVFX - Profile

Distributions

  • YTD Total Return 0.5%
  • 3 Yr Annualized Total Return -0.7%
  • 5 Yr Annualized Total Return 0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.07%
DIVIDENDS
  • Dividend Yield 2.7%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Matson Money Fixed Income VI Portfolio
  • Fund Family Name
    Matson Money
  • Inception Date
    Feb 18, 2014
  • Shares Outstanding
    1255257
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mark Matson

Fund Description

The Portfolio pursues its investment objective by investing under normal circumstances at least 80% of its net assets, including any borrowings for investment purposes, in shares of registered, open-end investment companies and exchange-traded funds (“ETFs”) (collectively, “investment companies”) that have either adopted policies to invest at least 80% of their assets in fixed income securities that the Portfolio’s Adviser believes offer the prospect of providing total return, or invest substantially all of their assets in such fixed income securities. The purchase of shares of investment companies may result in duplication of expenses, including advisory fees, in addition to the Portfolio’s own expenses.

Under normal market conditions, the Adviser expects substantially all of the Portfolio’s net assets to be invested in the securities of investment companies, including other investment companies funded by insurance company separate accounts, that invest in the types of securities described in each asset class below, with less than 2% of the net assets invested in cash or money market instruments.

One-Year Fixed Income Asset Class: The underlying investment companies generally will purchase U.S. government obligations, U.S. government agency obligations, dollar-denominated obligations of foreign issuers issued in the U.S., securities of domestic or foreign issuers denominated in U.S. dollars but not trading in the U.S., foreign government and agency obligations, bank obligations, including the obligations of U.S. subsidiaries and branches of foreign banks, corporate obligations, commercial paper, repurchase agreements, and obligations of supranational organizations such as the World Bank, the European Investment Bank and the Inter-American Development Bank. Generally, obligations comprising this asset class will mature within one year from the date of settlement, but substantial investments may be made in obligations maturing within two years from the date of settlement when greater returns are available.

Two-Year Global Fixed Income Asset Class: The underlying investment companies generally will purchase obligations issued or guaranteed by the U.S. and foreign governments, their agencies and instrumentalities, corporate debt obligations, bank obligations, commercial paper, repurchase agreements, and other debt obligations of domestic and foreign issuers with maturities of no more than two years. In making purchase decisions, if the expected term premium is greater for longer-term securities in the eligible maturity range, the underlying investment adviser(s) will focus investment in the longer-term area, otherwise, the underlying investment companies will focus investment in the shorter-term area of the eligible maturity range. Because many of the investments of the underlying investment companies in this asset class will be denominated in foreign currencies, the underlying investment companies may also enter into foreign currency forward contracts to attempt to protect against uncertainty in the level of future foreign currency rates, to hedge against fluctuations in currency exchange rates or to transfer balances from one currency to another.

Intermediate Government Fixed Income Asset Class: The underlying investment companies generally will purchase debt obligations of the U.S. government and U.S. government agencies. Generally, investment companies in the asset class will purchase securities with maturities of between five and fifteen years, however such investment companies ordinarily will have an average weighted maturity of between three and ten years. The underlying investment companies may invest a portion of their assets in the obligations of foreign governments. Those obligations at the time of purchase must be either rated in the highest rating category of a nationally recognized statistical rating organization or, in the case of any obligation that is unrated, of comparable quality.

Five-Year Global Fixed Income Asset Class: The underlying investment companies generally will purchase obligations issued or guaranteed by the U.S. and foreign governments, their agencies and instrumentalities, corporate debt obligations, bank obligations, commercial paper, repurchase agreements, obligations of other domestic and foreign issuers, securities of domestic or foreign issuers denominated in U.S. dollars but not trading in the United States, and obligations of supranational organizations. Generally, obligations comprising this asset class have a weighted average maturity not exceeding five years. In making purchase decisions, if the expected term premium is greater for longer-term securities in the eligible maturity range, the underlying investment adviser(s) will focus investment in the longer-term area, otherwise, the underlying investment companies will focus investment in the shorter-term area of the eligible maturity range. Because many of the investments of the underlying investment companies in this asset

class will be denominated in foreign currencies, the underlying investment companies may also enter into foreign currency forward contracts to attempt to protect against uncertainty in the level of future foreign currency rates, to hedge against fluctuations in currency exchange rates or to transfer balances from one currency to another.

Short-Term Corporate Bond Asset Class: The underlying investment companies generally will track the investment results of the ICE BofAML 1-5 Year US Corporate Index, which measures the performance of investment-grade corporate bonds of both U.S. and non- U.S. issuers that are U.S. dollar denominated and publicly issued in the U.S. domestic market and have a remaining maturity of greater than or equal to one year and less than five years.

Intermediate-Term Corporate Bond Asset Class: The underlying investment companies generally will track the investment results of the ICE BofAML 5-10 Year US Corporate Index, which measures the performance of investment-grade corporate bonds of both U.S. and non-U.S. issuers that are U.S. dollar denominated and publicly issued in the U.S. domestic market and have a remaining maturity of greater than or equal to five years and less than ten years.

Inflation Protected Securities Asset Class: The underlying investment companies generally will track the investment results of the Bloomberg U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L), which measures the performance of the inflation-protected public obligations of the U.S. Treasury, commonly known as “TIPS.” TIPS are securities issued by the U.S. Treasury that are designed to provide inflation protection to investors. TIPS are income-generating instruments whose interest and principal payments are adjusted for inflation - a sustained increase in prices that erodes the purchasing power of money. The inflation adjustment, which is typically applied monthly to the principal of the bond, follows a designated inflation index, the consumer price index (“CPI”), and TIPS’ principal payments are adjusted according to changes in the CPI. A fixed coupon rate is applied to the inflation-adjusted principal so that as inflation rises, both the principal value and the interest payments increase.

The underlying investment companies may also use derivatives, such as futures contracts and options on futures contracts for equity securities and indices, to hedge currency exposure or to adjust market exposure based on actual or expected cash inflows or outflows from the underlying investment company. Underlying index-based ETFs may use derivatives, including futures contracts, options on futures contracts, forward currency contracts, options and swaps to help the ETF track its underlying index.

Certain underlying investment companies may concentrate their investments (invest more than 25% of its total assets) in obligations of U.S. and foreign banks and bank holding companies when the yield to maturity on eligible portfolio investments in banking securities as a group generally exceeds the yield to maturity on all other eligible portfolio investments as a group generally for a period of five consecutive days when the New York Stock Exchange (“NYSE”) is open for trading. While the Portfolio will not concentrate its investments in any one industry, the Portfolio may be focused on banking sectors under certain circumstances.

The Portfolio reserves the right to hold up to 100% of its assets as a temporary defensive measure in cash and money market instruments such as U.S. government securities, bank obligations and commercial paper. To the extent the Portfolio employs a temporary defensive measure, the Portfolio may not achieve its investment objective. Periodically the Adviser will review the allocations for the Portfolio in each underlying investment company and may add or remove underlying investment companies and/or change the investment allocation percentages of the Portfolio in the underlying investment companies without notice to shareholders or the holders of the variable annuity or variable life insurance policies.

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FMVFX - Performance

Return Ranking - Trailing

Period FMVFX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -1.8% 9.2% 78.48%
1 Yr 4.2% -0.2% 24.4% 64.86%
3 Yr -0.7%* -5.9% 4.1% 85.32%
5 Yr 0.5%* -3.8% 4.4% 91.07%
10 Yr 0.7%* -19.2% 169.7% 89.31%

* Annualized

Return Ranking - Calendar

Period FMVFX Return Category Return Low Category Return High Rank in Category (%)
2023 2.5% -5.4% 7.6% 30.49%
2022 -8.2% -17.7% -2.6% 76.52%
2021 -1.6% -4.0% 4.4% 56.30%
2020 2.6% -8.3% 7.6% 30.08%
2019 2.8% -2.3% 9.3% 20.56%

Total Return Ranking - Trailing

Period FMVFX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -1.8% 9.2% 78.48%
1 Yr 4.2% -0.2% 24.4% 64.86%
3 Yr -0.7%* -5.9% 4.1% 85.32%
5 Yr 0.5%* -3.8% 4.4% 91.07%
10 Yr 0.7%* -19.2% 169.7% 89.31%

* Annualized

Total Return Ranking - Calendar

Period FMVFX Return Category Return Low Category Return High Rank in Category (%)
2023 5.3% -1.1% 15.2% 61.71%
2022 -7.0% -17.3% -1.3% 87.43%
2021 -1.3% -2.7% 7.7% 93.32%
2020 3.2% -4.4% 14.5% 80.86%
2019 4.5% 0.6% 12.6% 53.83%

NAV & Total Return History


FMVFX - Holdings

Concentration Analysis

FMVFX Category Low Category High FMVFX % Rank
Net Assets 112 M 14.1 K 58.8 B 86.89%
Number of Holdings 11 2 9721 94.08%
Net Assets in Top 10 26.9 M 1.16 M 6.6 B 88.51%
Weighting of Top 10 98.52% 1.8% 108.7% 6.46%

Top 10 Holdings

  1. iShares 1-5 Year Investment Grade Corporate Bond ETF 24.12%
  2. iShares Core International Aggregate Bond ETF 15.09%
  3. DFA Two-Year Global Fixed Income Portfolio 14.93%
  4. DFA One-Year Fixed Income Portfolio 11.33%
  5. DFA INVT DIMENSIONS GROUP INC GLOBAL BD PTFL 9.89%
  6. iShares 5-10 Year Investment Grade Corporate Bond ETF 6.18%
  7. iShares 3-7 Year Treasury Bond ETF 6.02%
  8. iShares TIPS Bond ETF 5.01%
  9. iShares 1-3 Year Treasury Bond ETF 3.97%
  10. DFA INVT DIMENSIONS GROUP INC VA SH TERM FIX 1.97%

Asset Allocation

Weighting Return Low Return High FMVFX % Rank
Stocks
98.52% 0.00% 103.64% 6.28%
Convertible Bonds
3.07% 0.00% 27.71% 42.27%
Cash
1.56% -20.59% 62.18% 61.58%
Preferred Stocks
0.00% 0.00% 21.82% 29.80%
Other
0.00% -0.97% 72.36% 78.64%
Bonds
0.00% 0.00% 130.68% 94.08%

Stock Sector Breakdown

Weighting Return Low Return High FMVFX % Rank
Utilities
0.00% 0.00% 81.48% 44.87%
Technology
0.00% 0.00% 24.45% 35.90%
Real Estate
0.00% 0.00% 8.31% 50.00%
Industrials
0.00% 0.00% 100.00% 51.28%
Healthcare
0.00% 0.00% 23.11% 43.59%
Financial Services
0.00% 0.00% 100.00% 2.56%
Energy
0.00% 0.00% 100.00% 69.23%
Communication Services
0.00% 0.00% 65.64% 48.72%
Consumer Defense
0.00% 0.00% 21.37% 43.59%
Consumer Cyclical
0.00% 0.00% 10.75% 50.00%
Basic Materials
0.00% 0.00% 22.71% 48.72%

Stock Geographic Breakdown

Weighting Return Low Return High FMVFX % Rank
US
98.52% 0.00% 103.64% 6.28%
Non US
0.00% 0.00% 0.02% 20.47%

FMVFX - Expenses

Operational Fees

FMVFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.86% 0.01% 3.24% 34.06%
Management Fee 0.50% 0.00% 1.19% 86.18%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

FMVFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

FMVFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FMVFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 500.00% 1.11%

FMVFX - Distributions

Dividend Yield Analysis

FMVFX Category Low Category High FMVFX % Rank
Dividend Yield 2.68% 0.00% 10.34% 90.84%

Dividend Distribution Analysis

FMVFX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Monthly Monthly Monthly

Net Income Ratio Analysis

FMVFX Category Low Category High FMVFX % Rank
Net Income Ratio 0.07% -1.27% 4.98% 94.68%

Capital Gain Distribution Analysis

FMVFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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FMVFX - Fund Manager Analysis

Managers

Mark Matson


Start Date

Tenure

Tenure Rank

Feb 18, 2014

8.28

8.3%

Mark E. Matson, Chief Executive Officer and Director of Matson Money, Inc., founded Matson Money, Inc. in 1991 and serves as head portfolio manager at Matson Money, Inc..

Daniel List


Start Date

Tenure

Tenure Rank

Aug 19, 2019

2.78

2.8%

Daniel J. List, Chief Compliance Officer and Vice President Of Portfolio Management of Matson Money, Inc. He is responsible for portfolio designs, compliance, trading and system designs.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.13 2.41