# Matrix Advisors Dividend Fund (MADFX): Mutual Fund Facts & Distributions

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- Issuer: — · Asset class: Equity
- Strategy: Actively Managed · Inception: 2016-10-13

This fund primarily allocates capital to common stocks and depositary receipts representing dividend-paying common stocks. It targets U.S. companies and international companies listed in the U.S. that the advisor believes provide robust and consistent dividends, demonstrate sound financial health, and satisfy specific valuation benchmarks derived from value investing principles and Classic Valuation Analysis. The fund is committed to investing a minimum of 80% of its net assets, including any borrowed funds used for investment purposes, in these dividend-generating equities. A significant p...

## Key Facts

| Metric | Value |
|---|---|
| Price | $40.42 |
| Expense Ratio | 0.90% |
| Assets Under Management | $64.8M |
| NAV | $40.42 (2026-10-30 close) |
| Holdings Count | — |
| Distribution Yield (TTM) | 7.15% |
| Annual Distribution (TTM) | $2.89 /share |
| Distribution Frequency | Quarterly |
| 52-Week Range | $34.52 – $40.70 |
| Beta | 0.80 |

## Latest Distribution

- Amount: $0.1800 /share
- Ex-date: 2026-09-18
- Pay date: 2026-09-18

## Frequently Asked Questions

### What does MADFX invest in?

This fund primarily allocates capital to common stocks and depositary receipts representing dividend-paying common stocks. It targets U.S. companies and international companies listed in the U.S. that the advisor believes provide robust and consistent dividends, demonstrate sound financial health, and satisfy specific valuation benchmarks derived from value investing principles and Classic Valuation Analysis. The fund is committed to investing a minimum of 80% of its net assets, including any borrowed funds used for investment purposes, in these dividend-generating equities. A significant portion of its holdings consists of large-capitalization companies.

### What is the expense ratio of MADFX?

Matrix Advisors Dividend Fund (MADFX) charges an expense ratio of 0.90%. This is the annual fee deducted from fund assets to cover management and operations.

### What is MADFX's dividend yield?

MADFX's trailing-twelve-month yield is 7.15%, calculated from the sum of dividends over the past year divided by the current price.

### How big is MADFX?

Matrix Advisors Dividend Fund (MADFX) manages $64.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

### Is MADFX actively managed or an index fund?

MADFX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MADFX's is 0.90%) in exchange for the discretion to over- or under-weight positions.

### When was MADFX launched?

Matrix Advisors Dividend Fund (MADFX) launched in October 2016 and is managed by the fund issuer.

### Does MADFX pay a dividend?

Yes, Matrix Advisors Dividend Fund (MADFX) distributes dividends to shareholders. The trailing-twelve-month yield is 7.15%. Full dividend history is on this page.

### How often does MADFX pay dividends?

Matrix Advisors Dividend Fund pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### When is MADFX's next ex-dividend date?

The most recently announced ex-dividend date for MADFX was 2026-09-18. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page.

### How much will MADFX's expense ratio cost me over 30 years?

On a $10,000 investment compounding at 7% gross return, a 0.90% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees.

### How does MADFX charge its expense ratio?

The expense ratio is deducted in tiny daily slices from MADFX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

### Why does MADFX cost more than a fund like VOO?

MADFX is actively managed (current expense ratio 0.90%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether MADFX's fee is competitive for the active-management cohort.

### Are there cheaper alternatives to MADFX?

The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as MADFX (0.90%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/madfx
- Distribution history: https://www.dividenddata.com/funds/madfx/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/madfx/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/madfx/expenses
- Peer comparison: https://www.dividenddata.com/funds/madfx/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.