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About AGF INVESTMENT INC IQ US MKT NEUTRAL ANTI-BETA CAD HEDGED
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Inception date
Oct 7, 2019
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Income tax type
Capital Gains
Primary advisor
AGF Investments, Inc.
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Government
Stocks77.32%
Finance8.55%
Technology Services6.46%
Health Technology2.89%
Electronic Technology2.85%
Consumer Non-Durables2.39%
Process Industries2.12%
Consumer Services2.04%
Utilities1.85%
Retail Trade1.75%
Commercial Services1.60%
Industrial Services1.42%
Transportation1.26%
Energy Minerals1.12%
Distribution Services1.05%
Health Services1.02%
Consumer Durables0.85%
Communications0.85%
Producer Manufacturing0.64%
Bonds, Cash & Other22.68%
Cash88.51%
Government24.10%
Futures−3.64%
Miscellaneous−86.29%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
QBTL last dividends amounted to 0.60 CAD. The year before, the issuer paid 1.27 CAD in dividends, which shows a 109.69% decrease.
QBTL assets under management is 336.77 M CAD. It's risen 16.35% over the last month.
QBTL fund flows account for 88.18 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
QBTL shares are issued by AGF Management Ltd. under the brand AGF. The ETF was launched on Oct 7, 2019, and its management style is Active.
QBTL expense ratio is 2.70% meaning you'd have to pay 2.70% of your investment to help manage the fund.
QBTL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
QBTL invests in cash.
QBTL price has fallen by −9.55% over the last month, and its yearly performance shows a −11.02% decrease. See more dynamics on QBTL price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −9.39% over the last month, showed a −18.44% decrease in three-month performance and has decreased by −7.57% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −9.39% over the last month, showed a −18.44% decrease in three-month performance and has decreased by −7.57% in a year.
QBTL trades at a premium (0.17%) meaning the ETF is trading at a higher price than the calculated NAV.