GLIF

AGF Global Infrastructure ETF

Effective January 27, 2023 GLIF’s name changed from AGFiQ Global Infrastructure ETF to AGF Global Infrastructure ETF, there was no change to the Fund objective or strategy.  Please see the Prospectus in the “Documents” section on AGF.com.

Key Reasons to Invest

  • Provides potential diversification and risk reduction benefits as listed infrastructure has historically exhibited lower correlations with traditional assets classes and lower volatility than global equities.
  • Listed infrastructure securities may continue to offer higher dividend yields then equities or bonds.
  • Employs a systematic, factor-driven investment strategy that uses a proprietary sector model and an expanded universe of global infrastructure equities to broaden the opportunity set and seek attractive risk-adjusted returns.

Overview

  • Utilizes a proprietary, multi-factor investment process to seek long-term capital appreciation by investing primarily in global equity securities in the infrastructure industry.
  • *The Fund’s investment adviser, AGF Investments LLC (“Adviser”), has contractually agreed to waive the fees and reimburse expenses of the Fund so that the total annual operating expenses (excluding interest, taxes, brokerage commissions and other expenses that are capitalized in accordance with generally accepted accounting principles, dividend, interest and brokerage expenses for short positions, acquired fund fees and expenses, and extraordinary expenses) (“Operating Expenses”) of the Fund are limited to 0.45% of average net assets. In addition, the Adviser has contractually agreed to reduce its management fees to the extent of any acquired fund fees and expenses incurred by the Fund that are attributable to the management fee paid to the Adviser (or an affiliated person of the Adviser) by an underlying fund in which the Fund invests. These undertakings can only be changed with the approval of the Board. The Fund has agreed that it will repay the Adviser for fees and expenses waived or reimbursed for a period of 36 months following such waiver or reimbursement, provided that repayment does not cause the Operating Expenses to exceed the lower of 0.45% of the Fund’s average net assets and the expense cap in place at the time of the Adviser’s waiver or reimbursement. This agreement will remain in effect until November 1, 2024, and shall renew automatically for one-year terms unless the Adviser provides written notice of termination prior to the start of the next term or upon approval of the Board of Trustees of the Fund.

    Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment and principal value will fluctuate so that an investors shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized. Market Price returns are based upon the midpoint of the bid/ask spread at 4:00PM Eastern time (when NAV is normally determined), and do not represent the returns you would receive if you traded shares at other times. For the most recent month end performance, please call collect 617-292-9801.

     

    Premium/Discount

    The above chart presents information about the difference between the daily market price for shares of the Fund and the Fund’s net asset value. The vertical axis of the graph shows the premium or discount expressed as a percentage of the NAV in basis points (bps). The horizontal axis indicates the trading period covered by the graph. Each point in the graph shows the days in which the Fund traded within the premium/discount range indicated.

    Before investing you should carefully consider each Fund's investment objectives, risks, charges and expenses. This and other information is in the Fund's prospectus. Please read the prospectus carefully before you invest. Click here for prospectus.

    Risks: There is no guarantee that the Funds will achieve their objective. An investment in the Funds is subject to risk including the possible loss of principal amount invested. The risks associated with each Fund are detailed in the prospectus and include, but not limited to, tracking error risk, equity investing risk, infrastructure risk, foreign security risk, foreign currency risk, depository receipts risk, emerging markets risk, REIT risks, market risk, cash transaction risk, portfolio management risk, liquidity risk, liquidation risk, and specific risks related to exchange traded funds.

    AGF Global Infrastructure ETF (GLIF) specific risks: The Fund’s investments in infrastructure-related securities will expose the Fund to potential adverse economic, regulatory, political, legal and other changes affecting such investments. Rising interest rates could lead to higher financing costs and reduced earnings for infrastructure companies. Investments in foreign securities involve risks that differ from investments in securities of U.S. issuers because of unique political, economic and market conditions. Investments in securities of issuers located in emerging market economies (including frontier market economies) are generally riskier than investments in securities of issuers from more developed economies. Investing in securities that trade in and receive revenues in foreign currencies creates risk because foreign currencies may decline relative to the U.S. dollar, resulting in a potential loss to the Fund.

    Distributor: Foreside Fund Services, LLC


    DEFINITIONS:

    Prem/Disc
    Premium and discount is calculated as the difference between the closing price and the previous day’s NAV. When a closing price is not available, then the midpoint of the NBBO bid-offer quote at the market closing time is used.

    Prem/Disc %
    Premium and discount expressed as a percentage of the NAV is calculated using the closing price, and when a closing price is not available, then the midpoint of the NBBO bid-offer quote at the market closing time is used.

    Net Asset Value (NAV): net assets value is the total assets, less liabilities, divided by the number of shares outstanding. 

    Basis Point (BPS): Basis points, are a unit of measure used in finance to describe the percentage change in the value of a financial instrument or the rate change in an index or other benchmark. One basis point is equivalent to 0.01%  or 0.0001 in decimal form.

    Median Bid-Ask Spread
    The median bid-ask spread is calculated by identifying national best bid and national best offer (“NBBO”) as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

    Dow Jones Brookfield Global Infrastructure Index
    The Dow Jones Brookfield Global Infrastructure Index is designed to measure the performance of pure-play infrastructure companies domiciled globally. The index covers all sectors of the infrastructure market. To be included in the index, a company must derive at least 70% of cash flows from infrastructure lines of business.

    S&P 500 Index
    The S&P 500 Index is widely regarded as the best single gauge of large-cap U.S. equities. According to Annual Survey of Assets, an estimated USD 13.5 trillion is indexed or benchmarked to the index, with indexed assets comprising approximately USD 5.4 trillion of this total (as of Dec. 31, 2020). The index includes 500 leading companies and covers approximately 80% of available market capitalization.

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