This paper proposes a matrix converter fed, sinusoidal input output high frequency transformer. The transformer sees sinusoidal voltages and currents, at high frequency, on both primary side and secondary side. This is achieved by low pass filters on both primary side and secondary side of the transformer. The switching frequency of power electronic transformer, proposed in this paper, is independent of the value of leakage inductance. Modulation strategies for the two matrix converters, at the two sides of the transformer, are explained. A mathematical model is developed to design the two low pass filters. The proposed power electronic transformer has been simulated in MATLAB/SIMULINK and results have been presented.