Matrix Advisors Value Fund – Investment Strategy

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Overview: A Large Cap equity strategy invested in common stocks and ADRs only

Performance Objective: The Matrix Advisors Value Fund seeks to achieve a total rate of return which is comprised of capital appreciation and current income

Research Process: Both quantitative and qualitative research are employed by a team of 4 analysts to assess the attractiveness of stock opportunities

Buy Discipline: Identify 35 to 40 Best Ideas based on attractive valuations, quality of their balance sheets, and the diversification contribution to the final portfolio

Sell Discipline: Sell stocks when stock prices are at or near their intrinsic values, the financial strength or long-term fundamentals deteriorate, or better stock ideas arise

Risk Management: Monitor and assess the contribution to total portfolio risk relative to the benchmark at 4 levels – security, industry, sector and portfolio