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AGF American Growth Class


"In 1957, creating the American Growth Fund required vision." - C. Warren Goldring

Investing in the U.S. equity market still requires vision. Tony Genua, Portfolio Manager of AGF American Growth Class, uses his 35 years of industry experience through a variety of economic cycles to seek out innovative companies that he believes are the leaders of today and tomorrow.

1. The original U.S. equity fund in Canada

Launched in 1957 as the first equity fund available to Canadian investors, AGF American Growth Class stands at the forefront of a long line of ground-breaking inventions.

Innovations that have changed the face of America

Innovations that have changed the face of America

2. Proven approach

The experience and high conviction of Portfolio Manager Tony Genua and his growth approach has resulted in a 6.14%* return since transitioning the portfolio on May 1, 2005, while the average peer returned 4.25%** over the same period.

Strong long-term performance

Strong long-term performance

*The following are the average annual net compound returns for AGF American Growth Class as at June 30, 2014: one-year 30.5%, three-year 16.3%, five-year 14.3%, 10-year 4.7% and since Performance Start Date 8.5% (June 28,1957).

**Source: Morningstar, June 30, 2014. The following are the average annual net compound returns (and the number of funds) for the peer group as at June 30, 2014: one-year 26.4% (716 funds), three-year 20.6% (450 funds), five-year 16.8% (359 funds), 10-year 5.3% (179 funds). For greater detail see

3. Looking for tomorrow’s leaders

Innovation is impacting industries and creating new market leadership. Many companies that led previous market recoveries stand to be eclipsed by the emerging leaders in their field who are part of the ‘New Economy.’

The New Economy refers to the shift from a production-based to a knowledge-based economy. In the ‘old economy,’ market growth was primarily spurred by improvements in manufacturing efficiency. In the New Economy, growth is impacted by new technologies that can be utilized to improve a service.

Innovation is impacting industries

Technology Cloud, Mobility, Social Media, Big Data, Collaborative Consumption, 3D Printing
Health Care Life Sciences/Genomics, Electronic Medical Records
Renaissance of U.S. Manufacturing Transportation, Durables
Renewable Energy/Clean Technology Solar, Wind, Energy Efficiency
U.S. Energy Self-Sufficiency Chemical, Refiners


AGF Market Insight - Be Greedy When Others are Fearful
This investor-facing sales tool explains why AGF American Growth Class should be your core U.S. equity holding.
This piece provides an overview of the U.S. opportunity and AGF’s U.S. equity funds.
Q and A with Tony Genua that discusses his investment style and how he identifies leading growth opportunities in every cycle.
For insight on recent market activity, four of our quantitative advisors and managers explain what was driving the volatility, what their quantitative models were telling them and how they reacted.
This article discusses the historical relationship between elections and S&P 500 performance, as well as how we see various election outcomes impacting equity markets.
After years of global austerity, the case for fiscal stimulus is now compelling. Fiscal stimulus would be a tailwind for economic growth and take some pressure off central bankers, while low interest rates provides cheap financing.

The information contained in this fund profile is designed to provide you with general information related to investment alternatives and strategies and is not intended to be comprehensive investment advice applicable to the circumstances of the individual. We strongly recommend you to consult with a financial advisor prior to making any investment decisions. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in share and/or unit value and reinvestment of all dividends and/or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed; their values change frequently and past performance may not be repeated. The payment of distributions should not be confused with a fund's performance, rate of return or yield. If distributions paid by the fund are greater than the performance of the fund, your original investment will shrink. Distributions paid as a result of capital gains realized by a fund, and income and dividends earned by a fund, are taxable in your hands in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base falls below zero, you will have to pay capital gains tax on the amount below zero. The performance of a Fund may have been different had events such as mergers, portfolio manager changes and investment objective changes not taken place.


The experienced manager of this flagship U.S. equity fund targets long-term capital growth by investing in dominant growth companies located in the world's largest market.


The portfolio manager uses a bottom-up growth investment style and looks for companies that have above-average earnings and revenue growth, display key growth characteristics relative to their own history, industry or overall market and that can sustain their competitive position.

Portfolio Managers / Advisors
Senior Vice-President and Portfolio Manager
AGF Investments Inc.
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Date as of 09-30-2016



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