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AGF Global Dividend Fund

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Global exposure with a focus on dividends

AGF Global Dividend Fund provides investors with the combined benefits of global market diversification and potential for long-term capital appreciation, with a focus on high-quality, dividend-paying companies.

 

1 | INVEST IN COMPANIES THAT PAY AS THEY GROW

Undoubtedly, there has been a strong appetite for dividend-paying companies, not only in Canada but around the world. Dividends are considered to be a sign that a company is doing well and taking a more disciplined approach to cash flow management.

However, those investors purely chasing dividend yield, without taking into account the sustainability and future growth of those yields, have only received mediocre returns, as shown below. If investors had held companies with both above-average dividend yields and above-average dividend growth, they would have achieved superior results for the long term.

Dividend growth leads to stronger long-term results (MSCI, relative returns) Graph

Source: Bank of America Merrill Lynch as of December 31, 2013.

2 | THE POWER OF DIVIDENDS

Over the past 25 years, as tracked below, you can see the considerable growth of dividends as measured by the MSCI All Country World ($USD) Index. The Total Return Index reflects the price appreciation or depreciation (the Price Index) plus the investment of all cash distributions of all securities in the index.

MSCI All Country World Cumulative Return (US$) Graph

Source: Bloomberg as of December 31, 2013

3 | THERE'S NO SUBSTITUTE FOR EXPERIENCE

There are few funds in the global equity category that have a more experienced portfolio manager at the helm. Stephen Way, Senior Vice-President and head of the Global Equity team has more than two decades of experience focused on global equities and has managed the fund since 2007. Stephen is backed by the strength of the global equity team whose collective industry experience and globally diversified cultural backgrounds enable them to locate opportunities unrecognized by the market.

Dividends offer an alternative source of income with attractive yields and, as part of a stock’s total return, can provide downside protection for equity investors.
Invest in companies that pay as they grow.
This brochure explains the team’s investment process and highlights their global expertise and experience.

Source: MSCI. The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an "as is" basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the "MSCI Parties") expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com).

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.

REASONS TO INVEST IN THIS FUND

This Fund provides investors with the benefits of global market diversification and capital appreciation potential by focusing on high-quality, dividend-paying companies.

INVESTMENT PROCESS

The Fund's total-return approach incorporates both a top-down country allocation framework and bottom-up fundamental research to uncover the best dividend-paying investment ideas across global markets.

Portfolio Managers / Advisors
Senior Vice-President and Portfolio Manager
AGF Investments Inc.
Vice-President and Portfolio Manager
AGF Investments Inc.
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Date as of 10-31-2016

Performance

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Fund Overview

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Risk Management

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