AGF U.S. Market Neutral Anti-Beta Fund

Frequently Asked Questions About BTAL

What does BTAL invest in?

The AGF U.S. Market Neutral Anti-Beta Fund primarily employs a strategy of purchasing shares of less volatile American companies (those with low beta) while simultaneously establishing short positions in more volatile U.S. equities (high beta stocks). This is done on a sector-by-sector basis, with the objective of maintaining a dollar-neutral portfolio where the value of long and short investments is balanced. The fund constructs this balanced portfolio predominantly by allocating capital to the same securities that comprise the Dow Jones U.S. Thematic Market Neutral Low Beta Index, generally matching their respective weightings within that index. The selection pool for this underlying index encompasses the top 1,000 eligible U.S. securities ranked by market capitalization, a universe that also includes Real Estate Investment Trusts (REITs).

What is the expense ratio of BTAL?

AGF U.S. Market Neutral Anti-Beta Fund (BTAL) charges an expense ratio of 1.65%. This is the annual fee deducted from fund assets to cover management and operations.

How big is BTAL?

AGF U.S. Market Neutral Anti-Beta Fund (BTAL) manages $347.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is BTAL actively managed or an index fund?

BTAL is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (BTAL's is 1.65%) in exchange for the discretion to over- or under-weight positions.

When was BTAL launched?

AGF U.S. Market Neutral Anti-Beta Fund (BTAL) launched in September 2011 and is managed by AGF.

How has BTAL performed?

BTAL's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.