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AGF Announces Pricing Changes, Preliminary Prospectus Filings for New Funds and Select Fund/Series Closures
May 25, 2023 • Announcements
AGF Investments Inc. (AGF) today announced pricing changes, preliminary prospectus filings to launch new funds and select fund/series closures.
“At AGF, we continually review our product line-up to ensure our offerings are responsive to market trends and regulatory changes, while also delivering competitive pricing,” said Karrie Van Belle, Chief Marketing & Innovation Officer, AGF. “Looking ahead, we are committed to additional enhancements and varying product structures to meet the evolving needs our clients.”
Pricing Changes
AGF is further refining its line-up offering more competitive pricing for certain funds. Effective June 1, 2023, AGF will reduce certain fund/series management fees, as indicated in the chart below.
| Fund | Series | Management Fee Change |
|---|---|---|
| AGF American Growth Fund | MF Series | 2.20% changed to 2.10% |
| Series F | 1.00% changed to 0.90% | |
| Series FV | 1.00% changed to 0.90% | |
| Series T | 2.20% changed to 2.10% | |
| AGF Emerging Markets Bond Fund | Series F | 0.90% changed to 0.75% |
| AGF Emerging Markets Fund | Series F | 1.00% changed to 0.90% |
| AGF Fixed Income Plus Fund | Series F | 0.70% changed to 0.60% |
| AGF Global Convertible Bond Fund | Series F | 0.95% changed to 0.75% |
| Series FV | 0.95% changed to 0.75% | |
| Series W | 0.80% changed to 0.75%* | |
| AGF Global Growth Balanced Fund | Series F | 1.00% changed to 0.90% |
| Series FV | 1.00% changed to 0.90% | |
| AGF Global Real Assets Class | MF Series | 2.50% changed to 2.35% |
| AGF Global Real Assets Fund | Series F | 0.70% changed to 0.60% |
| AGF Global Select Fund | Series F | 1.00% changed to 0.80% |
| Series W | 0.90% changed to 0.80%* | |
| AGF Global Yield Fund | Series F | 0.75% changed to 0.65% |
| Series FV | 0.75% changed to 0.65% | |
| Series W | 0.70% changed to 0.65%* | |
| AGF Total Return Bond Class | Series F | 0.75% changed to 0.70% |
| Series FV | 0.75% changed to 0.70% | |
| Series W | 0.75% changed to 0.70%* | |
| AGF Total Return Bond Fund | MF Series | 1.45% changed to 1.35% |
| Series F | 0.75% changed to 0.60% | |
| Series V | 1.45% changed to 1.35% | |
| Series W | 0.75% changed to 0.60%* | |
| AGF U.S. Sector Class | Series F | 1.00% changed to 0.85% |
| Series W | 0.90% changed to 0.85%* | |
| AGF U.S. Small-Mid Cap Fund | Series F | 1.00% changed to 0.90% |
| Series W | 1.00% changed to 0.90%* |
*refers to the maximum management fee
Mutual Fund and Series Launches
New Strategy/Fund Launches
AGF is enhancing its line-up with the launch of new mutual funds with corresponding ETF series options as indicated in the chart below.
“These new strategies are designed to provide access to evolving market trends and will be launching with both mutual fund and ETF series, delivering multiple ways our clients and investors can access our strategies. Focusing on the strategies where the ETF vehicle is in particular demand, we expect to further expand our ETF series line-up on other existing mutual funds later this year,” added Van Belle.
New Funds
| Fund Name | Launch Date | Investment Objective | Series Offered | Risk Rating |
|---|---|---|---|---|
| AGF Enhanced U.S. Equity Income Fund | On or about August 21, 2023* |
The Fund seeks to provide long-term capital appreciation by investing in a diversified portfolio of dividend-paying U.S. equity securities while mitigating volatility and generating consistent income through the use of options. | F, I, ETF Series | Medium Risk |
| AGF Emerging Markets ex China Fund | On or about August 21, 2023* |
The Fund seeks to provide capital growth. It invests primarily in equity securities of companies located in or with significant business interests in emerging markets outside China. | F, I, ETF Series | Medium to High |
*pending final regulatory filings and regulatory approval
Trust Version Fund Launches
AGF is also launching trust fund versions of the following three existing corporate class equivalent funds, as set out in the chart below.
| Fund Name | Launch Date | Investment Objective | Series Offered | Risk Rating |
|---|---|---|---|---|
| AGF Canadian Growth Equity Fund | On or about July 5, 2023* |
The Fund’s objective is to provide capital growth. It invests primarily in shares of Canadian companies that are expected to profit from future economic growth. | MF, F, I Series | Medium Risk |
| AGF China Focus Fund | On or about July 5, 2023* |
The Fund’s objective is to provide long-term capital growth. It invests primarily in stocks and bonds of companies based in China, or in companies that will benefit from economic development and growth in the PRC. | MF, F, I Series | High Risk |
| AGF U.S. Sector Fund | On or about July 5, 2023* |
The Fund’s objective is to provide long-term capital appreciation while normally maintaining lower than market volatility. The Fund incorporates embedded downside risk management in order to protect capital in periods of falling equity markets. The Fund seeks to obtain exposure to a diversified portfolio consisting primarily of, but not limited to, any combination of U.S. sector-based ETFs and/or equity securities, short-term instruments, as well as cash and cash equivalents. | MF, F, I Series | Low to Medium Risk |
*pending final regulatory filings and regulatory approval
Fund/Series Closures to New Investors
AGF is capping certain corporate class funds (applicable series, as indicated). Effective July 5, 2023, AGF will be closing the following funds/series to new investors, as indicated in the chart below. These funds/series will remain available to existing investors, including those with systematic investment plans.
| Fund | Series |
|---|---|
| AGF Canadian Growth Equity Class | All Series (MF Series, Series F, Series I, Series O) |
| AGF China Focus Class | All Series (MF Series, Series F, Series O) |
| AGF Elements Balanced Portfolio Class | All Series (MF Series, Series F, Series FV, Series O, Series Q, Series T, Series V, Series W) |
| AGF Elements Conservative Portfolio Class | All Series (MF Series, Series F, Series FV, Series O, Series Q, Series V, Series W) |
| AGF Elements Global Portfolio Class | All Series (MF Series, Series F, Series O, Series Q, Series W) |
| AGF Elements Growth Portfolio Class | All Series (MF Series, Series F, Series FV, Series O, Series Q, Series T, Series V, Series W) |
| AGF Emerging Markets Class | All Series (MF Series, Series F, Series O, Series Q, Series W) |
| AGF Fixed Income Plus Class | MF Series, Series Q |
| AGF Global Dividend Class | All Series (MF Series, Series F, Series FV, Series O, Series Q, Series V, Series W) |
| AGF Global Equity Class | All Series (MF Series, Series F, Series FV, Series O, Series Q, Series T, Series V, Series W) |
| AGF Global Sustainable Balanced Class | All Series (MF Series, Series F, Series O, Series Q, Series W) |
| AGF Global Yield Class | MF Series, Series Q, Series V |
| AGF North American Dividend Income Class | All Series (MF Series, Series F, Series FV, Series O, Series Q, Series T, Series V, Series W) |
About AGF Management Limited
Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm delivering excellence in investing in the public and private markets through its three distinct business lines: AGF Investments, AGF Private Capital and AGF Private Wealth.
AGF brings a disciplined approach focused on providing an exceptional client experience and incorporating sound responsible and sustainable practices. The firm’s investment solutions, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.
Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With over $42 billion in total assets under management and fee-earning assets, AGF serves more than 800,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B
AGF Investments Inc. is a wholly-owned subsidiary of AGF Management Limited and conducts the management and advisory of mutual funds in Canada.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances the fund will be able to obtain its net asset value at a constant amount or that the full amount of your investment in the fund will be returned to you.
Media Contact
Amanda Marchment
Director, Corporate Communications
416-865-4160
amanda.marchment@agf.com
Amanda Marchment
Director, Corporate Communications
Phone: 416-865-4160
Email: amanda.marchment@agf.com
Meaghan Kelly
Chief Marketing & Product Officer
Phone: 416-865-4161