BTAL

AGF U.S. Market Neutral Anti-Beta Fund

The AGFiQ U.S. Market Neutral Anti-Beta ETF tracks an equal weighted index that takes long positions in low beta US stocks offset by short positions in high beta US stocks.

US

EQUITY

Rules-Based

MANAGEMENT STYLE

256.6 M

ASSETS UNDER MGMT

143 bp

EXPENSES
Fund Basics
Fund sponsorAGFiQ
CategoryUS
Asset classEquity
Websitelink...
Inception dateSep 13, 2011
Assets (mns)$253
Expense ratio143 bp
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Asset Allocation
Historical Performance
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Standardized Performance (as of 04/30/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 9.6% 6.5% -1.7% 0.6% -4.0% 0.5% -- -1.5%
Dividend Yield 0.0% 0.0% 3.0% 2.4% 1.4% 0.8% -- 0.7%
Total Returns 9.6% 6.5% 1.4% 3.0% -2.6% 1.3% -- -0.7%
Ann. Volatility 26.6% 19.7% 18.1% 18.9% 19.4% 16.8% -- 17.0%
Market Correlations
versus...BetaR-squared
S&P 500-0.6237%
MSCI EAFE-0.4218%
MSCI Emg Mkts-0.4218%
Liquidity Measures
Avg. volume (000)1,228
Turnover0.0%
Avg. Bid/Ask (% of price)0.16%
ADV of underlying (mns)$0
Technical Indicators
Recent close$20.26
30d moving avg.$20.52
Annualized volatility16.8%
Relative strength (RSI)52
Short interest (ETF)7.5%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
BTAL (143 bp) Percentile rank 99
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)		 Avg. Bid/Ask (bp)
(B)		 TCO (bp)
(A)+(B)
BTAL 143.0 15.5 158.5
Peer Avg. 49.0 20.2 69.2
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .