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Trending ETFs

AGFiQ Hedged Dividend Income Fund

etf
DIVA
Dividend policy
Active
Price as of:
$24.88 -0.08 0%
primary theme
Long-Short Equity
DIVA (ETF)

AGFiQ Hedged Dividend Income Fund

Dividend policy
Active
Price as of:
$24.88 -0.08 0%
primary theme
Long-Short Equity
DIVA (ETF)
AGFiQ Hedged Dividend Income Fund
Dividend policy
Active
Price as of:
$24.88 -0.08 0%
primary theme
Long-Short Equity

DIVA - Snapshot

Vitals

  • YTD Return 13.5%
  • 3 Yr Annualized Return 5.0%
  • 5 Yr Annualized Return 3.9%
  • Net Assets $3.63 M
  • Holdings in Top 10 10.6%

52 WEEK LOW AND HIGH

$24.96
$19.62
$25.11

Expenses

OPERATING RELATED FEES

  • Expense Ratio 6.30%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 187.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme Long-Short Equity
  • Fund Type Exchange Traded Fund
  • Investment Style Long-Short Equity

Compare DIVA to Popular Long-Short Equity Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$8.86

+0.23%

$1.20 B

8.40%

$0.74

blocked
blocked
blocked

8.31%

1.28%

$12.23

+0.66%

$72.80 M

-

$0.00

blocked
blocked
blocked

2.95%

1.99%

$11.41

-0.09%

$70.68 M

8.26%

$0.94

blocked
blocked
blocked

0.88%

2.19%

$15.09

+1.41%

$42.32 M

0.00%

$0.00

blocked
blocked
blocked

-0.26%

0.80%

$12.57

+1.13%

$20.07 M

1.43%

$0.18

blocked
blocked
blocked

5.81%

1.13%

Compare DIVA to Popular Long-Short Equity ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$35.60

-0.34%

$153.35 M

0.57%

$0.20

blocked
blocked
blocked

7.92%

0.39%

$36.42

+0.07%

$37.45 M

-

-

blocked
blocked
blocked

-1.83%

1.64%

$25.14

+0.74%

$5.92 M

1.20%

$0.30

blocked
blocked
blocked

20.63%

-

$24.88

-0.33%

$3.63 M

1.67%

$0.42

blocked
blocked
blocked

13.49%

6.30%

DIVA - Profile

Distributions

  • YTD Total Return 13.0%
  • 3 Yr Annualized Total Return 5.0%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.99%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    AGFiQ Hedged Dividend Income Fund
  • Fund Family Name
    AGFiQ
  • Inception Date
    Jan 14, 2015
  • Shares Outstanding
    150000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    William DeRoche

Fund Description

The fund seeks to track the performance of the Indxx Hedged Dividend Income Index by investing at least 80% of its net assets (plus any borrowing for investment purposes) in common stock of the long positions in the underlying index and sells short at least 80% of the short positions in the underlying index. The index is a long/short index in which the long positions, in the aggregate, have approximately twice the weight as the short positions, in the aggregate.


DIVA - Performance

Return Ranking - Trailing

Period DIVA Return Category Return Low Category Return High Rank in Category (%)
YTD 13.5% -18.7% 59.3% 22.82%
1 Yr 18.2% -13.7% 91.8% 64.50%
3 Yr 5.0%* -13.8% 23.5% 59.57%
5 Yr 3.9%* -5.0% 19.0% 71.52%
10 Yr N/A* -5.1% 10.1% N/A

* Annualized

Return Ranking - Calendar

Period DIVA Return Category Return Low Category Return High Rank in Category (%)
2020 -9.3% -47.6% 88.4% 86.36%
2019 5.2% -20.3% 62.6% 68.78%
2018 -7.2% -53.1% 12.7% 39.44%
2017 -3.6% -67.1% 21.9% 95.18%
2016 11.3% -17.3% 25.3% 11.43%

Total Return Ranking - Trailing

Period DIVA Return Category Return Low Category Return High Rank in Category (%)
YTD 13.0% -18.7% 59.3% 22.82%
1 Yr 18.2% -18.1% 91.8% 62.50%
3 Yr 5.0%* -14.9% 23.5% 57.45%
5 Yr 3.9%* -5.4% 19.0% 71.52%
10 Yr N/A* -5.1% 10.1% N/A

* Annualized

Total Return Ranking - Calendar

Period DIVA Return Category Return Low Category Return High Rank in Category (%)
2020 -9.3% -47.6% 88.4% 86.36%
2019 5.2% -20.3% 62.6% 68.78%
2018 -7.2% -53.1% 12.7% 51.11%
2017 -3.6% -12.7% 24.8% 99.40%
2016 11.3% -15.5% 25.3% 13.57%

DIVA - Holdings

Concentration Analysis

DIVA Category Low Category High DIVA % Rank
Net Assets 3.63 M 0 4.76 B 97.60%
Number of Holdings 277 1 3176 20.39%
Net Assets in Top 10 386 K -93.9 M 703 M 89.81%
Weighting of Top 10 10.56% 0.1% 100.0% 96.61%

Top 10 Holdings

  1. United Parcel Service Inc Class B 1.49%
  2. Baker Hughes Co Class A 1.40%
  3. Whirlpool Corp 1.39%
  4. Crane Co 1.39%
  5. Synovus Financial Corp 1.37%
  6. United Bankshares Inc 1.36%
  7. Nucor Corp 1.35%
  8. NetApp Inc 1.35%
  9. Antero Midstream Corp 1.28%
  10. Citizens Financial Group Inc 1.26%

Asset Allocation

Weighting Return Low Return High DIVA % Rank
Cash
50.78% -140.68% 109.39% 18.45%
Stocks
49.22% -8.47% 153.48% 77.40%
Preferred Stocks
0.00% -0.01% 8.77% 62.14%
Other
0.00% -70.40% 42.04% 62.62%
Convertible Bonds
0.00% 0.00% 3.53% 63.59%
Bonds
0.00% -4.59% 152.17% 68.75%

Stock Sector Breakdown

Weighting Return Low Return High DIVA % Rank
Utilities
20.29% 0.00% 27.45% 1.04%
Real Estate
18.34% 0.00% 18.34% 0.52%
Consumer Defense
13.60% 0.00% 32.58% 10.94%
Energy
8.75% 0.00% 13.49% 4.17%
Healthcare
8.67% 0.00% 97.32% 77.08%
Financial Services
8.03% 0.00% 75.98% 79.69%
Consumer Cyclical
7.23% 0.00% 77.75% 85.42%
Technology
6.85% 0.00% 44.41% 90.63%
Industrials
4.14% 0.00% 37.08% 87.50%
Communication Services
3.08% 0.00% 26.23% 90.63%
Basic Materials
1.03% 0.00% 17.95% 74.48%

Stock Geographic Breakdown

Weighting Return Low Return High DIVA % Rank
US
49.22% -33.28% 150.78% 66.99%
Non US
0.00% -46.50% 86.98% 91.26%

DIVA - Expenses

Operational Fees

DIVA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 6.30% 0.39% 12.79% 1.98%
Management Fee 0.45% 0.00% 2.50% 7.18%
12b-1 Fee 0.00% 0.00% 1.00% 17.80%
Administrative Fee N/A 0.03% 1.47% N/A

Sales Fees

DIVA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

DIVA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DIVA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 187.00% 0.00% 498.00% 60.37%

DIVA - Distributions

Dividend Yield Analysis

DIVA Category Low Category High DIVA % Rank
Dividend Yield 0.83% 0.00% 1.79% 0.96%

Dividend Distribution Analysis

DIVA Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

DIVA Category Low Category High DIVA % Rank
Net Income Ratio 3.99% -2.70% 3.99% 0.50%

Capital Gain Distribution Analysis

DIVA Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

DIVA - Fund Manager Analysis

Managers

William DeRoche


Start Date

Tenure

Tenure Rank

Jan 14, 2015

6.3

6.3%

Bill is Chief Investment Officer and Portfolio Manager at FFCM, LLC. Bill is one of the co-founders of FFCM. Before founding FFCM, Bill was a Vice President at State Street Global Advisors and was the head of the U.S. Enhanced Equities team. Prior to joining SSgA in 2003, Bill was a quantitative analyst and portfolio manager at Putnam Investments. Bill has been working in the investment management field since 1995. Bill has a Bachelor's degreee in Electrical Engineering from the United States Naval Academy and an MBA from the Amos Tuck School of Business Administration at Dartmouth College.

Philip Lee


Start Date

Tenure

Tenure Rank

Jan 14, 2015

6.3

6.3%

Phil is Chief Operations Officer and Portfolio Manager at FFCM, LLC. Prior to joining FFCM, Phil was an equity strategist at Platinum Grove Asset Management LP where his responsibilites included supervising electronic trade execution, automating trade operations and building out systems infrastructure. Phil has also co-managed statistical arbitrage strategies in the Japanese Equity Market. He was Director of Development at Principia Capital Management, LLC, a statistical arbitrage hedge fund, where he developed the firm's quantitative research and trading platforms. Previously, Phil was a Vice President in Goldman Sachs' Fixed Income Derivatives. Phil has been a member of the investing community since 1992. Phil holds engineering degrees from the University of Pennsylvania (Ph.D.) and the Cooper Union (BE and ME)

Josh Belko


Start Date

Tenure

Tenure Rank

Dec 31, 2017

3.33

3.3%

Josh is an Associate Portfolio Manager and Research Analyst for AGFiQ ETFs and AGF Investments, LLC, a registered investment adviser focused on factor driven traditional and alternative investment strategies. Prior to AGF Investments, Josh was an analyst at Pioneer Investments where he supported the investment management process for global equity, fixed income and derivative products. Prior to Pioneer, he was an investor service representative for a European firm managing $55 billion in assets at Brown Brothers Harriman. Josh also worked at Standish Mellon Asset Management as a structured products analyst and at State Street Global Markets as a FX trader. Josh attained a Bachelor of Science degree in Finance from Northeastern University D’Amore-McKim School of Business while playing on their NCAA Division I football team. He has also earned the Chartered Financial Analyst designation

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 22.47 5.69 6.85