N-Q 1 matrix_adf-nq.htm QUARTERLY NOTICE OF PORTFOLIO HOLDINGS

As filed with the Securities and Exchange Commission on November 27, 2017



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549


 
FORM N-Q
 
 
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY
 


Investment Company Act file number 811- 23175




MATRIX ADVISORS FUNDS TRUST



10 Bank Street, Suite 590, White Plains, NY 10606




David A. Katz
10 Bank Street, Suite 590
White Plains, NY 10606

1 (800) 366-6223

Copies to:

Carol Gehl
Godfrey & Kahn, S.C.
833 East Michigan Street, Suite 1800
Milwaukee, WI 53202


Date of fiscal year end: June 30, 2018



Date of reporting period:  September 30, 2017

Item 1. Schedule of Investments.
 
Matrix Advisors Dividend Fund
      
Schedule of Investments
      
September 30, 2017 (Unaudited)
      
           
Shares
  
Value
  
       
COMMON STOCKS - 99.7%
      
Bank (Money Center): 5.2%
      
 
3,700
  
JPMorgan Chase & Co.
  
$
353,387
  
               
Bank (Regional): 3.8%
        
 
5,600
  
BB&T Corp.
    
262,864
  
               
Bank (Super Regional): 5.2%
        
 
6,400
  
Wells Fargo & Co.
    
352,960
  
               
Beverages: 4.2%
        
 
1,900
  
PepsiCo, Inc.
    
211,717
  
 
1,700
  
The Coca-Cola Co.
    
76,517
  
           
288,234
  
               
Biotechnology: 2.3%
        
 
1,950
  
Gilead Sciences, Inc.
    
157,989
  
               
Computer Peripherals: 1.5%
        
 
700
  
IBM
    
101,556
  
               
Computer Software and Services: 3.6%
        
 
3,300
  
Microsoft Corp.
    
245,817
  
               
Diversified Operations: 3.4%
        
 
2,000
  
United Technologies Corp.
    
232,160
  
               
Drug: 12.6%
        
 
3,550
  
AbbVie, Inc.
    
315,452
  
 
4,300
  
Merck & Co., Inc.
    
275,329
  
 
7,500
  
Pfizer, Inc.
    
267,750
  
           
858,531
  
               
Drug Store: 3.3%
        
 
2,800
  
CVS Health Corp.
    
227,696
  
               
Food Processing (Retail): 3.6%
        
 
4,700
  
General Mills, Inc.
    
243,272
  
               
Household Products: 6.5%
        
 
1,900
  
Kimberly-Clark Corp.
    
223,592
  
 
2,400
  
The Procter & Gamble Co.
    
218,352
  
           
441,944
  
               
Hyper Markets and Super Centers: 2.8%
        
 
3,200
  
Target Corp.
    
188,832
  
               
Insurance (Diversified): 4.6%
        
 
6,000
  
MetLife, Inc.
    
311,700
  
               
 
Manufacturing - Miscellaneous: 4.7%
        
 
4,200
  
Eaton Corp Plc
    
322,518
  
               
Medical Supplies: 2.4%
        
 
1,250
  
Johnson & Johnson
    
162,513
  
               
Petroleum (Integrated): 9.3%
        
 
1,700
  
Chevron Corp.
    
199,750
  
 
2,200
  
Exxon Mobil Corp.
    
180,356
  
 
4,100
  
Royal Dutch Shell PLC - ADR
    
256,414
  
           
636,520
  
               
Petroleum (Producing): 2.3%
        
 
2,500
  
Occidental Petroleum Corp.
    
160,525
  
               
Telecommunication Services: 7.0%
        
 
5,300
  
AT&T, Inc.
    
207,601
  
 
5,400
  
Verizon Communications, Inc.
    
267,246
  
           
474,847
  
               
Telecommunications (Equipment): 6.5%
        
 
8,500
  
Cisco Systems, Inc.
    
285,855
  
 
3,050
  
QUALCOMM, Inc.
    
158,112
  
           
443,967
  
               
Transportation Services: 4.9%
        
 
2,785
  
United Parcel Service, Inc.
    
334,451
  
               
TOTAL COMMON STOCKS (Cost $6,286,607)
  
$
6,802,283
  
               
SHORT-TERM INVESTMENTS - 0.1%
        
 
7,317
  
Fidelity Institutional Money Market Funds - Government Portfolio - 0.95%*
    
7,317
  
               
TOTAL SHORT-TERM INVESTMENTS (Cost $7,317)
  
$
7,317
  
               
TOTAL INVESTMENTS (Cost $6,293,924): 99.8%
    
6,809,600
  
Other Assets in Excess of Liabilities: 0.2%
    
12,339
  
TOTAL NET ASSETS: 100.0%
  
$
6,821,939
  
 
       
ADR - American Depositary Receipt
  
* Rate quoted is seven-day yield at period end
  
       
The cost basis of investment for federal income tax purposes at September 30, 2017, was as follows+:
  
 
Cost of investments
  
$
6,293,924
  
Gross unrealized appreciation
    
669,379
  
Gross unrealized depreciation
    
(153,703
)
Net unrealized appreciation
  
$
515,676
  
 
+Because tax adjustments are calculated annually at the end of the Fund's fiscal year, the above table does not reflect tax
adjustments for the current fiscal year.  For the previous fiscal year's federal income tax information, please refer to the
Notes to Financial Statements section in the Fund's most recent semi-annual or annual report.
  
       

The Fund follows a fair value hierarchy that distinguishes between market data obtained from independent sources (observable inputs) and the Fund's own
market assumptions (unobservable inputs). These inputs are used in determining the value of each Fund's investments and are summarized in the following
fair value hierarchy:
                               
Level 1 -
Unadjusted quoted prices in active markets for identical assets or liabilities that the company has the ability to access.
                               
Level 2 -
Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These
inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayments
speeds, credit risk, yield curves, default rates and similar data.
                               
Level 3 -
Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the company's own
assumptions about the assumption a market participant would use in valuing the asset or liability, and would be based on the best information available.
                               
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
 
The following is a summary of the inputs used to value the Funds' net assets as of September 30, 2017:
 
   
Quoted prices in active
markets for identical
assets (Level 1)
    
Significant other observable 
inputs (Level 2)
    
Significant unobservable
inputs (Level 3)
      
     
     
Description
 
Total
Equity
  
 
    
 
    
 
    
 
    Common Stock *
$
6,802,283
    
$
-
    
$
-
    
$
6,802,283
Total Equity
  
$
6,802,283
    
$
-
    
$
-
    
$
6,802,283
Short-Term Investments
$
7,317
    
$
-
    
$
-
    
$
7,317
Total Investments in Securities
$
6,809,600
    
$
-
    
$
-
    
$
6,809,600
                               
* Refer to the Schedule of Investments for a breakout of common stocks by industry classification.
There were no transfers between Level 1, Level 2, or Level 3.
                        
 
Item 2. Controls and Procedures.
 
(a)
The Registrant's President and Treasurer have concluded that the Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the "1940 Act")) (17 CFR 270.30a-3(c)) are effective as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or Rule 15d‑15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(d)).

(b)
There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) (17 CFR 270.30a-3(d)) that occurred during the Registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.


 
Item 3. Exhibits.
 
Separate certifications for each principal executive officer and principal financial officer of the Registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)).  Filed herewith.
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Matrix Advisors Funds Trust                                   

By /s/ David A. Katz                                                  
      David A. Katz, President and Treasurer

Date                          November 22, 2017                  

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


By /s/ David A. Katz                                                
      David A. Katz, President and Treasurer

Date                          November 22, 2017