AGF Multi-Asset Income Portfolios
The AGF Multi-Asset Income Portfolios are a suite of three actively managed solutions designed to potentially provide reliable monthly income, long-term growth potential and distinctive risk-managed outcomes.
Reliable Monthly Income
Pays a fixed monthly distribution targeted at an annual rate of 5%*
"All-in-One" Income Solution
Provides multi-level diversification by investing across global equities, bonds and alternative investments with the aim for added diversification, enhanced income and return potential.
Flexible Allocation
Can serve as a core solution for income-oriented investors, or as a complement to a portfolio for those seeking the potential for higher monthly income, greater diversification and improved portfolio-level outcomes.
AGF Multi-Asset Income Portfolios
The portfolios provide a fixed monthly distribution targeted at an annual rate of 5%* and span a range of asset mixes. Each portfolio invests across global equities and fixed income, complemented by exposure to alternative strategies with the aim to enhanced income, diversification and growth potential. The portfolios are managed by an experienced team of investment professionals with proven asset allocation expertise and decades of experience.
Portfolio Management Team
David Stonehouse is Interim Chief Investment Officer, AGF Investments Inc. In this role, supported by AGF Investments’ Office of the CIO, David oversees the execution of AGF’s investment management strategy, leads and develops the investment management team and determines research priorities, policies and programs that aim to achieve the investment objectives of the organization and its clients. David continues to oversee AGF Investments’ North American and Specialty Investments teams, while maintaining direct portfolio management responsibilities for his current mandates.
With nearly three decades of experience managing equity, fixed income and balanced mandates, David employs a rigorous and disciplined investment process combining a top-down approach to duration and asset allocation with a bottom-up approach to security selection.
David received a B.Sc. in Applied Science from Queen’s University, an MBA in Finance and Accounting from McMaster University and is a CFA® charterholder.
Registered as a Portfolio Manager under AGF Investments Inc.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
As Vice-President and Portfolio Manager, Stephen Duench is a key contributor to AGF’s quantitative investment platform. AGF’s Quantitative Investing team is grounded in the belief that investment outcomes can be improved by assessing and targeting the factors that drive market returns. Stephen is the lead Portfolio Manager of the AGF Canadian Dividend Income Fund and AGF North American Dividend Income Fund and is central to the creation and support of AGF’s portfolio management tools, analysis and applications across both Canadian and global mandates.
He began his career with AGF as part of the Highstreet† Investment Management team, involved in the management of both public equity and fixed income institutional and high-net worth portfolios. Stephen now serves as co-head of Highstreet Private Client, leading the firm’s strategy around investment management and allocation across multiple asset classes.
Stephen earned an Honours degree in Financial Mathematics from Wilfrid Laurier University and is a CFA® charterholder.
† Highstreet Asset Management Inc. is a wholly-owned subsidiary of AGF Investments Inc. Pursuant to exemptive relief, Stephen Duench and Mark Stacey are dually registered as advising representatives of Highstreet Asset Management Inc. and AGF Investments Inc., Highstreet's parent company.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
As Head of Fixed Income & Currencies, Tom has been a portfolio manager since 2008, managing a wide array of portfolios and is a key contributor to the team's analysis of the global macroeconomic landscape, with specific emphasis on global rates and currencies. He is responsible for developing currency strategy and providing counsel on the implications of currency moves for the firm.
He also serves as a portfolio manager of AGF Total Return Bond Fund/Class, and AGF Global Opportunities Bond ETF, and has served on the AGF Investments Asset Allocation Committee since 2016.
Tom earned a Bachelor of Commerce from the University of Toronto. He is a CFA® charterholder and a member of CFA® Society Toronto.
Registered as a Portfolio Manager under AGF Investments Inc.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
* The target 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.
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, the 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 to the investor in the year they are paid. The adjusted cost base will be reduced by the amount of any returns of capital. If the adjusted cost base falls below zero, the investor will have to pay capital gains tax on the amount below zero.
1 Effective September 30, 2025, AGF Global Yield Fund was renamed to AGF Multi-Asset Conservative Income Portfolio. AGF Income Focus Fund merged into AGF Multi-Asset Conservative Income Portfolio (formally AGF Global Yield Fund) ("the Fund") on May 15, 2020. Harmony Yield Portfolio merged into the Fund on June 28, 2019. AGF Monthly High Income Fund merged into the Fund on August 3, 2018. The merger may have material effect on the performance of the fund.
2 Effective September 30, 2025, AGF Equity Income Fund was renamed to AGF Multi-Asset Balanced Income Portfolio.
3 Effective September 30, 2025, AGF Global Strategic Income Fund was renamed to AGF Multi-Asset Growth and Income Portfolio. AGF Tactical Income Fund merged into AGF Multi-Asset Growth and Income Portfolio (formally AGF Global Strategic Income Fund) ("the Fund") on May 15, 2020. AGF Traditional Income Fund merged into the Fund on August 3, 2018. The merger may have material effect on the performance of the fund.