The Fund is designed to participate in rising markets while placing an emphasis on minimizing drawdown and preserving capital during market declines. It can revert to 100% cash when signals are 'fully' bearish.
By employing a proprietary quantitative model, the Fund has the flexibility to invest in any combination of the S&P 500 sectors and can introduce cash when remaining sector choices are down to three.
|DATE||$ CLOSE||PREV. $ CLOSE||$ CHANGE||YTD % CHANGE|
|AS OF AUG 28, 2015||13.34||13.22||+0.12||+1.8|
|FUND||1 MO.||3 MO.||6 MO.||YTD||1 YR.||2 YR.||3 YR.||5 YR.||10 YR.||PSD^|
|Health Care Select Sector SPDR ETF||24.9%|
|Consumer Discretionary Select Sector SPDR ETF||24.8%|
|Energy Select Sector SPDR Fund||24.8%|
|Financial Select Sector SPDR ETF||24.7%|
|Cash & Cash Equivalents||0.8%|
|INVESTED AUGUST 31, 2013|
|Cash & Cash Equivalents||0.8%|
|Fund type:||U.S. equity|
|Fund start date:||August 8, 2013|
|Performance start date:||August 19, 2013|
|Total net assets:||$705.0 million|
The Fund's MER shall not exceed 2.65% on an after-tax basis, effective August 19, 2013.
¿NOTE: The Top 10 Holdings, Sector Allocation and Asset Mix are as of June 30, 2015. For investment purposes, the Fund combines Telecommunication Services and Information Technology into one holding: Technology Select Sector SPDR. This holding is listed as Information Technology in the Sector Allocation table.
Please refer to AGF.com for distribution information. ˜MER as of March 31, 2015. ¹ The distribution is not guaranteed, may be adjusted from time to time at the discretion of the fund manager and may vary from payment to payment. Amount shown, if any, is the most recent distribution amount. ¤ Cash is not included. Note: numbers may not add up to 100% because of rounding.
›This person acts solely as a portfolio advisor to the Fund. A portfolio advisor provides the Fund with investment research and recommendations. They do not make investment decisions on behalf of the Fund.
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.