The bar chart and table that follow show how the Fund has performed on a calendar year basis and provide an indication of the risks of investing in the Fund by showing the changes in the performance from year to year and how the Fund’s average annual returns compare against the Dow Jones U.S. Thematic Market Neutral Low Beta Index, which has characteristics that are relevant to the Fund’s investment strategy, and a broad-based securities market index. Past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. For updated performance information, please visit the Fund’s website at www.agf.com/us. The Fund changed its investment strategy effective February 14, 2022 (“Effective Date”) from a passive, index tracking strategy relative to the Index to a rules-based, active strategy. Performance shown below for periods prior to the Effective Date is based on the investment strategy utilized by the Fund during the time period.
For the period shown in the bar chart above:
|
|
Best Quarter |
|
(June 30, 2022) |
|
18.48% |
|
|
Worst Quarter |
|
(December 31, 2020) |
|
-19.03% |
The year-to-date return as of the calendar quarter ended September 30, 2025 is -14.61%.
|
Average Annual Total Returns |
One Year |
|
Five Year |
|
Ten Year |
|
Inception Date |
|
Before Taxes |
12.99% |
|
-1.45% |
|
0.39% |
|
September 12, 2011 |
|
After Taxes on Distributions |
11.68% |
|
-2.13% |
|
0.01% |
|
= |
|
After Taxes on Distributions and Sale of Shares |
7.93% |
|
-1.32% |
|
0.19% |
|
= |
|
S&P 500 Index (reflects no deduction for fees, expenses or taxes) |
25.02% |
|
14.52% |
|
13.10% |
|
= |
|
Dow Jones U.S. Thematic Market Neutral Low Beta Index (reflects no deduction for fees, expenses or taxes) |
10.05% |
|
-2.50% |
|
0.41% |
|
= |
Average annual total returns are shown on a before- and after-tax basis for the Fund. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRAs”). After-tax returns may exceed the return before taxes due to an assumed tax benefit from realizing a capital loss on a sale of shares.