AGF US MKT NEUTRAL ANTI-BETA C UNITAGF US MKT NEUTRAL ANTI-BETA C UNITAGF US MKT NEUTRAL ANTI-BETA C UNIT

AGF US MKT NEUTRAL ANTI-BETA C UNIT

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Key stats


Assets under management (AUM)
‪260.92 M‬CAD
Fund flows (1Y)
‪−97.74 M‬CAD
Dividend yield (indicated)
Discount/Premium to NAV
−0.7%

About AGF US MKT NEUTRAL ANTI-BETA C UNIT


Issuer
AGF Management Ltd.
Brand
AGF
Expense ratio
2.70%
Home page
Inception date
Oct 7, 2019
Index tracked
No Underlying Index
Management style
Active
The fund follows an index that invests in long low-beta stocks and short high-beta names. The underlying index targets the top 1,000 by market cap, including REITs, in the Dow Jones U.S. Index. The funds market neutral approach aims to fully offset nominal long and short positions. QBLT ranks stocks in each sector by beta and individual stocks get equal weight within their sectors. Overall, long low beta, short high beta might be expected to produce negative correlation to equities despite the equal dollar offsetting exposure. While QBLT uses swaps at times, it typically takes direct short positions in stocks, rather than relying solely on derivatives for short exposure. The fund therefore incurs short interest costs, something that purely swaps based long-short funds dont have to deal with. Also, the cost of a true market neutral exposure is something that investors should watch out for with borrowing costs and dividends working against the fund.

Classification


Asset Class
Alternatives
Category
Hedge fund strategies
Focus
Long/short
Niche
Market neutral
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
StocksBonds, Cash & Other
Cash
Stocks71.90%
Finance9.65%
Technology Services6.37%
Electronic Technology3.32%
Consumer Services2.56%
Health Technology2.12%
Consumer Non-Durables1.97%
Utilities1.95%
Retail Trade1.94%
Process Industries1.93%
Health Services1.52%
Industrial Services1.40%
Distribution Services1.33%
Producer Manufacturing1.31%
Energy Minerals0.90%
Commercial Services0.73%
Communications0.64%
Consumer Durables0.45%
Transportation0.41%
Non-Energy Minerals0.38%
Bonds, Cash & Other28.10%
Cash86.45%
Government17.50%
Futures0.84%
Miscellaneous−76.70%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Strong sellStrong buy
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Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.