AGF Flex Asset Allocation fund uses a strategic, dynamic and tactical asset allocation approach that seeks participate in favourable market environments and move meaningfully into defensive assets in unfavourable market environments.
The Fund can invest in a wide range of investments, including:
In this interactive resource, learn more about why diversification matters and how active asset allocation can contribute to portfolio returns.
The Fund uses a flexible approach seeking to provide total return over a market cycle, with a focus on capital preservation and risk management.
The Fund uses a three-pillar approach of strategic, dynamic and tactical asset allocation in a systematic framework to construct a diversified portfolio of any combination of global ETFs, equity securities, fixed-income and non-traditional assets.
|DATE||$ CLOSE||PREV. $ CLOSE||$ CHANGE||YTD % CHANGE|
|AS OF FEB 24, 2017||10.03||10.03||+0.00||+3.8|
|FUND||1 MO.||3 MO.||6 MO.||YTD||1 YR.||2 YR.||3 YR.||5 YR.||10 YR.||PSD^|
|SPDR S&P 500 Trust ETF||19.7%|
|Vanguard Intermediate-Term Corporate Bond ETF||15.6%|
|Vanguard FTSE All-World ex-US ETF||14.9%|
|SPDR Barclays High Yield Bond ETF||7.4%|
|SPDR Barclays Capital Emerging Markets Debt Local ETF||5.0%|
|Vanguard FTSE Emerging Markets ETF||5.0%|
|iShares MSCI USA Minimum Volatility ETF||4.9%|
|SPDR Barclays Intermediate Term Treasury ETF||4.9%|
|SPDR Bloomberg Barclays 1-3 Month T-Bill ETF||3.9%|
|Vanguard REIT ETF||3.9%|
|Cash & Cash Equivalents||5.5%|
|Fund type:||Asset Allocation|
|Fund start date:||August 25, 2015|
|Performance start date:||September 11, 2015|
|Total net assets:||$20.0 million|
Please refer to AGF.com for distribution information.
˜MER as of September 30, 2016. 1The 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 firm 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.
AGF Flex Asset Allocation Fund’s investment process combines strategic, dynamic and tactical asset allocation approaches to manage the multi-asset strategy. The process is shaped around identifying risk environments, adjusting the asset allocation based on long-term return objectives and responding to the prevailing market environment.
For example, during periods of volatility, the portfolio will hold more defensive and less risky assets. In more benign market regimes, the portfolio holds more growth assets. With this approach, the investment portfolio is seeking to be in the right market at the right time with an eye on the present market and to what is emerging on the horizon.
|Objective||Identify and categorize assets
Design appropriate portfolio
of assets for each market
|Identify market regime
Generate timely and meaningful shifts in portfolios
|Incorporating ISG’s Tactical
Asset Allocation (TAA)
analysis and positioning
Input from ISG’s Politics
and Policy team
|The positions determined in the portfolio construction phase are relayed to AGF, the portfolio manager for effecting allocation changes|
|Delivers||Well-designed strategic mix
for each environment
|Confidence in making
|Near-term added value||Portfolio aimed at providing
favourable returns with a
focus on capital preservation
and risk management
As advisor to the AGF Fund investment process and allocations, SSGA utilizes its proprietary Market Regime Indicator (MRI). The MRI uses forward-looking signals of market sentiment across equity, credit and currency markets to determine the likely performance of asset classes.
*State Street Global Advisors, Ltd. (SSGA Canada) 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.
**AUM reflects approximately $33.4B (as of June 30, 2015) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.