Fund Evaluator:
Matthew 25 (MXXVX)
Follow This Fund
Best Performing in Large Blend Over the Last Year
| 67.3% | PRIMECAP Odyssey Growth (POGRX) |
| 62.4% | Vanguard PRIMECAP Core Inv (VPCCX) |
| 58.7% | Vanguard PRIMECAP Adm (VPMAX) |
| 58.6% | Vanguard PRIMECAP Inv (VPMCX) |
| 51.1% | PRIMECAP Odyssey Stock (POSKX) |
Fund Details
Matthew 25 Overview
Matthew 25 (MXXVX) is an actively managed U.S. Equity Large Blend fund. Matthew 25 launched the fund in 1995.
The investment seeks long-term capital appreciation; income is a secondary objective. The fund is eligible to invest in the securities of companies with small, medium or large capitalization. In other words, it is open to research within a large universe of public companies so that it may find stocks with the exceptional traits that the fund desires. Whenever the adviser finds such an investment then the adviser may purchase its stock, convertible securities or bonds with up to 25% of the fund's total assets. The fund is non-diversified.
About Matthew 25 (MXXVX)
There are 1 members of the management team with an average tenure of 30.00 years: Mark Mulholland (1996). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Matthew 25 has 22 securities in its portfolio. The top 10 holdings constitute 74.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Matthew 25 is part of the Equity global asset class and is within the U.S. Equity fund group. Matthew 25 has 15.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 83.6%. There is 15.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Matthew 25 has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $347 million in total assets, which is below the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MXXVX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Matthew 25 expense ratio is high compared to funds in the Large Blend category. Matthew 25 has an expense ratio of 1.10%, which is 36% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Matthew 25 has a portfolio turnover rate of 37%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.
Recently, in the month of June 2026, Matthew 25 returned -0.7%, which earned it a grade of C, as the Large Blend category had an average return of -0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Matthew 25 has a trailing yield of 0.23%, which is below the 0.56% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Matthew 25 Grades
Year to date, the fund has returned 9.0%, 0.1 percentage points worse than the category, which translates into a grade of C. The fund has returned 21.8% over the past year (grade of B), 22.9% over the past three years (grade of A) and 10.4% per year over the past five years (grade of D) and 14.3% per year over the past 10 years (grade of C).
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MXXVX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MXXVX Return (NAV) | -0.7% | 16.6% | 21.8% | 22.9% | 10.4% | 14.3% |
| MXXVX Grade | C | A | B | A | D | C |
| +/- Category | -0.5% | 2.7% | 2.3% | 4.5% | -1.1% | 0.3% |
| Large Blend Avg | -0.2% | 13.8% | 19.5% | 18.5% | 11.6% | 14.1% |
| MXXVX Tax Cost Ratio | na | na | 3.1% | 2.2% | 2.2% | 2.2% |
MXXVX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MXXVX Return (NAV) | 9.0% | 18.5% | 27.4% | 36.4% | -30.1% | 22.3% | 12.9% | 42.1% | -19.5% | 24.7% | 26.9% |
| MXXVX Grade | C | B | A | A | F | F | F | A | F | A | A |
| +/- Category | -0.1% | 2.6% | 5.3% | 12.7% | -12.8% | -4.3% | -4.6% | 12.3% | -13.5% | 3.4% | 16.7% |
| Large Blend Avg | 9.0% | 15.9% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 19.6% |
| Total Risk Index: | 1.61 - High |
| Category Risk Index: | 1.48 - High |
| Category Risk Grade: | F (102% Rank) |
| Beta: | 1.35 |
| R-Squared: | 81% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.2% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $347 Mil |
| Fund Total Assets: | $ 347 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 37% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 30.0 years | |||
| Average Tenure: 30.0 years | |||
| Managers (Year): Mulholland Mark (1996) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 22 |
| % in Top 10 Holdings: | 74.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 15.8% |
Portfolio Allocation |
|
| Domestic Stock: | 83.6% |
| Foreign Stock: | 15.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.6% |
Purchase Information
| Fund Family: | Matthew 25 |
| Phone Number: | 202-551-8090 |
| Website: | www.matthew25fund.com |
| Status: | Open |
| Inception Date: | October 16, 1995 |
| Min. Initial Purchase: | $10,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 2.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.10% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | Matthew 25 |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
