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Fees and Expenses This table describes the fees and expenses you may pay if you buy, hold, and sell shares in the Fund. You may also pay transaction costs, such as brokerage commissions and other fees to financial intermediaries, on the purchase and sale of Fund shares, which are not reflected in the table and examples below. Annual Fund Operating Expenses (expenses you pay each year as a % of the value of your investment) <div id="xdx_A8D_eoef--AnnualFundOperatingExpensesTableTextBlock_zHNyNlRvVsKj"></div> <table id="xdx_A56_dU_zuFNCoxdau0b" style="table-layout: fixed; width: 583.2pt; margin-top: 4pt; margin-bottom: 8pt; border-collapse: collapse" summary="xdx: Disclosure - Annual Fund Operating Expenses"> <tr style="margin: 0; height: 0"> <td style="border-width: 0; margin: 0; padding: 0; width: 525.6pt"> </td> <td style="border-width: 0; margin: 0; padding: 0; width: 57.59pt"> </td> </tr> <tr style="min-height: 3pt"> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> Management Fees </td> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> <p id="xdx_981_eoef--ManagementFeesOverAssets_dpn_c20261027__20261027__oef--ClassAxis__custom--C000101802Member_zHVXUR413IBl" style="font: 9pt/normal Arial, sans-serif; margin: 0 0pt; text-transform: none; color: #000000; text-align: right">0.45% </td> </tr> <tr style="min-height: 3pt"> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> Distribution and/or Service (12b-1) Fees </td> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> <p id="xdx_982_eoef--DistributionAndService12b1FeesOverAssets_dpn_c20261027__20261027__oef--ClassAxis__custom--C000101802Member_zd3ujyBJfyye" style="font: 9pt/normal Arial, sans-serif; margin: 0 0pt; text-transform: none; color: #000000; text-align: right">0.00% </td> </tr> <tr style="min-height: 3pt"> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> Other Expenses </td> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> <p id="xdx_98D_eoef--Component1OtherExpensesOverAssets_dpn_c20261027__20261027__oef--ClassAxis__custom--C000101802Member_zvHDXZh74DIg" style="font: 9pt/normal Arial, sans-serif; margin: 0 0pt; text-transform: none; color: #000000; text-align: right">1.08% </td> </tr> <tr style="min-height: 3pt"> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> Dividend, Interest and Brokerage Expenses on Short Positions </td> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> <p id="xdx_989_eoef--Component2OtherExpensesOverAssets_dpn_c20261027__20261027__oef--ClassAxis__custom--C000101802Member_zi58DrElUxQa" style="font: 9pt/normal Arial, sans-serif; margin: 0 0pt; text-transform: none; color: #000000; text-align: right">0.80% </td> </tr> <tr style="min-height: 3pt"> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> Total Annual Fund Operating Expenses </td> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> <p id="xdx_989_eoef--ExpensesOverAssets_dpn_c20261027__20261027__oef--ClassAxis__custom--C000101802Member_zPngBd74wcV" style="font: 9pt/normal Arial, sans-serif; margin: 0 0pt; text-transform: none; color: #000000; text-align: right">1.53% </td> </tr> <tr style="min-height: 3pt"> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> Fee Waiver and Expense Reimbursement(1) </td> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> <p id="xdx_987_eoef--FeeWaiverOrReimbursementOverAssets_dpn_c20261027__20261027__oef--ClassAxis__custom--C000101802Member_fKDEp_ziJAw8NLd91c" style="font: 9pt/normal Arial, sans-serif; margin: 0 0pt; text-transform: none; color: #000000; text-align: right">(0.28)% </td> </tr> <tr style="min-height: 3pt"> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement(1) </td> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> <p id="xdx_982_eoef--NetExpensesOverAssets_dpn_c20261027__20261027__oef--ClassAxis__custom--C000101802Member_zk7llTe3rvRj" style="font: 9pt/normal Arial, sans-serif; margin: 0 0pt; text-transform: none; color: #000000; text-align: right">1.25% </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 8pt/normal Arial, sans-serif;color: #000000; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(1)</td><td style="width: 5pt"></td><td style="text-align: justify">The Fund’s investment adviser, AGF Investments LLC (“Adviser”), has entered into a contractual agreement with the Fund pursuant to which (i) the Adviser waives fees and reimburses expenses of the Fund so that the total annual operating expenses of the Fund (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”) are limited to 0.45% of average net assets (“Operating Expense Waiver”) and (ii) the Adviser reduces its management fees to the extent of any acquired fund fees and expenses (“AFFE”) incurred by the Fund attributable to a management fee paid to the Adviser (or an affiliated person of the Adviser) by an underlying fund in which the Fund invests (“AFFE Waiver” together with the Operating Expense Waiver, the “Expense Cap”). The Expense Cap will remain in effect until November 1, 2027, and shall renew automatically for one-year terms unless the Adviser provides 120 days’ written notice of termination prior to the start of the next term or upon approval of the Board of Trustees.</td> </tr></table> 0.0045 0.0000 0.0108 0.0080 0.0153 -0.0028 0.0125 November 1, 2027 Example <p id="xdx_A81_eoef--ExpenseExampleNarrativeTextBlock_zGdrzhpF5uR3" style="font: 9pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt; text-transform: none; color: #000000; text-indent: 0pt; text-align: left">The following example is intended to help you compare the cost of investing in the Fund with the costs of investing in other funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same each year. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <div id="xdx_A82_eoef--ExpenseExampleWithRedemptionTableTextBlock_zj3TsRFQHEM8"></div> <table id="xdx_A50_dU_zfiKX1IrJo91" style="margin: 4pt auto 8pt;table-layout: fixed; width: 273.6pt; border-collapse: collapse" summary="xdx: Disclosure - Expense Example"> <tr style="margin: 0; height: 0"> <td style="border-width: 0; margin: 0; padding: 0; width: 57.59pt"> </td> <td style="border-width: 0; margin: 0; padding: 0; width: 14.39pt"> </td> <td style="border-width: 0; margin: 0; padding: 0; width: 57.59pt"> </td> <td style="border-width: 0; margin: 0; padding: 0; width: 14.39pt"> </td> <td style="border-width: 0; margin: 0; padding: 0; width: 57.59pt"> </td> <td style="border-width: 0; margin: 0; padding: 0; width: 14.39pt"> </td> <td style="border-width: 0; margin: 0; padding: 0; width: 57.59pt"> </td> </tr> <tr style="min-height: 3pt"> <td id="xdx_489_eoef--ExpenseExampleYear01_zO7hS5l91cKf" style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> 1 YEAR </td> <td style="border-width: 0pt; padding: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td id="xdx_487_eoef--ExpenseExampleYear03_z8t1lYe4Vuec" style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> 3 YEARS </td> <td style="border-width: 0pt; padding: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td id="xdx_485_eoef--ExpenseExampleYear05_zNogSBwMIOF8" style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> 5 YEARS </td> <td style="border-width: 0pt; padding: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td id="xdx_489_eoef--ExpenseExampleYear10_zEFIQtZ6It6f" style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> 10 YEARS </td> </tr> <tr id="xdx_41A_20261027__20261027__oef--ClassAxis__custom--C000101802Member_zXpDGTVQgZQi" style="min-height: 3pt"> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> $127 </td> <td style="border-width: 0pt; padding: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> $397 </td> <td style="border-width: 0pt; padding: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> $750 </td> <td style="border-width: 0pt; padding: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> $1,748 </td> </tr> </table> 127 397 750 1748 The above example reflects the Expense Cap for its current duration, which is one year. Therefore, only the first year of the expenses for the three-year, five-year and ten-year periods reflect the Expense Cap. Portfolio Turnover The Fund pays transaction costs, such as brokerage commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the fiscal year ended June 30, 2026, the Fund’s portfolio turnover rate was 295% of the average value of its portfolio. 2.95 Principal Investment Strategies In seeking to achieve its investment objective, the Fund will invest primarily in long positions in low beta U.S. equities and short positions in high beta U.S. equities on a dollar neutral basis, within sectors. Based on mathematical assumptions derived from the long-term historical performance of the market, the Fund will construct a dollar neutral portfolio of long and short positions of U.S. equities by investing primarily in the constituent securities of the Dow Jones U.S. Thematic Market Neutral Low Beta Index (the “Index”) in approximately the same weight as they appear in the Index, subject to certain rules-based adjustments described below. The Fund is an actively-managed exchange-traded fund (“ETF”). Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in long and short equity securities of U.S. issuers, which may include long and short exposure to such issuers through derivatives. The Fund may use derivatives, including swap agreements and futures contracts, consistent with its investment objective and may also invest in money market instruments, including but not limited to, money market funds. Concepts to Understand Beta measures the relative volatility of the price of a security compared with that of a market index over a certain period of time. For the Fund, a stock’s beta is determined based on its price movements relative to those of the S&P 500 Index (the “market index” for the Fund) over the last 52 weeks. High beta stocks are those stocks that have a higher combination of correlation and volatility relative to the market index, and low beta stocks are those stocks that have a lower combination of correlation and volatility relative to the market index. The performance of the Fund will depend on the difference in the rates of return between its long positions and short positions. For example, if the Fund’s long positions increase more than its short positions, the Fund would generate a positive return, but if the long positions increase less than the short positions, the Fund would generate a negative return. Conversely, if the Fund’s short positions have increased more than its long positions, the Fund would generate a negative return; but if the short positions increased less than the long positions, the Fund would generate a positive return. The universe for the Index is the Dow Jones U.S. Index, which is comprised of the top 1,000 eligible securities by market capitalization, including real estate investment trusts (“REITs”) (the “universe”). Eligible securities are those that are in the top 1,000 securities by market capitalization in the universe and have a certain average daily trading volume. The securities in the universe are categorized as belonging to one of 11 sectors as defined by the Global Industry Classification Standard (“GICS”). The Index maintains sector neutrality by determining a defined number of constituent issuers from each sector based on the proportion that each sector makes up in the composition of the universe. The Index identifies approximately the 20% of securities with the lowest betas within each sector as equal-weighted long positions and approximately the 20% of securities with the highest betas within each sector as equal-weighted short positions. The Fund may invest in a representative sample of the long and short positions in the index and/or in other securities in the universe.The Index will be reconstituted on a quarterly basis. At such time, the Index will be reset to dollar neutrality (i.e., equal dollar amounts of both long and short positions). Although the Fund is actively managed and is not required to track or replicate the Index, the Fund expects to update its portfolio in line with the Index, except in the following instances:•If the quarterly reconstitution will exacerbate the Fund’s risk profile, including but not limited to, its exposure to momentum, the Fund will apply a rules-based methodology to neutralize these exposures, which may result in the Fund holding securities that are in the universe but not in the Index. •If the Fund’s value at risk (VAR) exceeds regulatory limits, the Fund will reduce its gross leverage to comply with applicable regulatory requirements. The Fund also may, but is not required to, reduce its gross leverage at any time that the Fund’s VaR approaches regulatory limits. Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in long and short equity securities of U.S. issuers, which may include long and short exposure to such issuers through derivatives. The Fund is an ETF, not a bank deposit, and is not guaranteed or insured by the Federal Deposit Insurance Corporation (“FDIC”) or any other government agency. The value of your investment may fall, sometimes sharply, and you could lose money by investing in the Fund. <p id="xdx_A84_eoef--RiskTextBlock_hoef--RiskAxis__custom--SingleFactorRiskMember_zSrkUnE0hyj6" style="font: 9pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt; text-transform: none; color: #000000; text-indent: 0pt; text-align: left">Single Factor Risk: The Fund invests in securities based on a single investment factor and is designed to be used as part of broader asset allocation strategies. An investment in the Fund is not a complete investment program. There is no guarantee that a stock that exhibited characteristics of a single factor in the past will exhibit that characteristic in the future. <p id="xdx_A88_eoef--RiskTextBlock_hoef--RiskAxis__custom--AntibetaRiskMember_zieEsQcOJlXc" style="font: 9pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt;text-transform: none; color: #000000; text-indent: 0pt; text-align: left">Anti-Beta Risk: There is a risk that the present and future volatility of a security, relative to the market index, will not be the same as it has historically been and thus that the Fund will not be invested in the less volatile securities in the universe. The Fund’s investment strategy is based on investing primarily in long positions in low beta U.S. equities and short positions in high beta U.S. equities, which are determined by applying certain mathematical assumptions derived from the historical performance of the stock market, as represented by the S&P 500. Such assumptions may not accurately reflect current market dynamics and the Fund may not perform as expected. In addition, the Fund may be volatile and like other volatile stocks subject to sharp swings in price. <p id="xdx_A8C_eoef--RiskTextBlock_hoef--RiskAxis__custom--MarketNeutralStyleRiskMember_zcJM2K1HkhD8" style="font: 9pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt; text-transform: none; color: #000000; text-indent: 0pt; text-align: left">Market Neutral Style Risk: During a “bull” market, when most equity securities and long-only equity ETFs are increasing in value, the Fund’s short positions will likely cause the Fund to underperform the overall U.S. equity market and such ETFs. In addition, because the Fund employs a dollar-neutral strategy to achieve market neutrality, the beta of the Fund (i.e., the relative volatility of the Fund as compared to the market) will vary over time and may not be equal to zero. <p id="xdx_A84_eoef--RiskTextBlock_hoef--RiskAxis__custom--ShortSaleRiskMember_zSrefn1Vycwh" style="font: 9pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt; text-transform: none; color: #000000; text-indent: 0pt; text-align: left">Short Sale Risk: If the Fund sells a stock short and subsequently has to buy the security back at a higher price, the Fund will realize a loss on the transaction. The amount the Fund could lose on a short sale is potentially unlimited because there is no limit on the price a shorted security might attain (as compared to a long position, where the maximum loss is the amount invested). The use of short sales increases the exposure of the Fund to the market, and may increase losses and the volatility of returns. If the short portfolio (made up of the securities with the highest betas within each sector) outperforms the long portfolio (made up of the securities with the lowest betas within each sector), the performance of the Fund would be negatively affected. Short sales also may be subject to operational and legal risk. In addition, when the Fund is selling a stock short, it may maintain a segregated account of cash and/or liquid assets with its custodian to satisfy collateral requirements. As a result, the Fund may maintain high levels of cash or liquid assets and will not be fully invested. <p id="xdx_A8D_eoef--RiskTextBlock_hoef--RiskAxis__custom--CashTransactionsRiskMember_zlJLVlUYI988" style="font: 9pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt;text-transform: none; color: #000000; text-indent: 0pt; text-align: left">Cash Transactions Risk: The Fund may effect creations and redemptions partly or wholly for cash, rather than through in-kind distributions of securities. Accordingly, the Fund may be required to sell portfolio securities in order to obtain the cash needed to distribute redemption proceeds and it may subsequently recognize gains on such sales that the Fund might not have recognized if it were to distribute portfolio securities in-kind. As a result, an investment in the Fund may be less tax-efficient than an investment in an ETF that primarily or wholly effects redemptions in-kind. Moreover, cash transactions may have to be carried out over several days if the securities markets are relatively illiquid at the time the Fund must sell securities and may involve considerable brokerage fees and taxes. These brokerage fees and taxes, which will be higher than if the Fund sold and redeemed its shares principally in-kind, will be passed on to Authorized Participants in the form of creation and redemption transaction fees. As a result of these factors, the spreads between the bid and the offered prices of the Fund’s shares may be wider than those of shares of ETFs that primarily or wholly transact in-kind. <p id="xdx_A83_eoef--RiskTextBlock_hoef--RiskAxis__custom--DerivativesRiskMember_zzVtTYaUbsw2" style="font: 9pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt;text-transform: none; color: #000000; text-indent: 0pt; text-align: left">Derivatives Risk: Derivatives, including swap agreements and futures contracts, may involve risks different from, or greater than, those associated with more traditional investments. As a result of investing in derivatives, the Fund could lose more than the amount it invests, and can be subject to increased market risk. Derivatives may be highly illiquid, and the Fund may not be able to close out or sell a derivative position at a particular time or at an anticipated price. Derivatives also may be subject to counterparty risk, which includes the risk that a loss may be sustained by the Fund as a result of the insolvency or bankruptcy of, or other non-compliance by, the other party to the transaction. Derivatives also may create risks involving the liquidity demands that derivatives can create to make payments to counterparties and may be subject to operational and legal risk. <p id="xdx_A8E_eoef--RiskTextBlock_hoef--RiskAxis__custom--EtfRiskMember_ziswfH6QMj8j" style="font: italic 10pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt; text-transform: none; color: #000000; text-indent: 0pt; text-align: left">ETF Risks <p id="xdx_A86_eoef--RiskTextBlock_hoef--RiskAxis__custom--AuthorizedParticipantsConcentrationRiskMember_zpKpSzsLLCC9" style="font: 9pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt 21.6pt; text-transform: none; color: #000000; text-indent: 0pt; text-align: left">Authorized Participants Concentration Risk: Only a member or participant of a clearing agency registered with the SEC, which has a written agreement with the Fund or one of its service providers that allows such member or participant to place orders for the purchase and redemption of Creation Units (as defined below) (an “Authorized Participant”) may purchase and redeem Shares directly from the Fund. The Fund has a limited number of Authorized Participants. To the extent Authorized Participants cannot or are otherwise unwilling to engage in creation and redemption transactions with the Fund, shares of the Fund may trade like closed-end fund shares at a significant discount to NAV and may face trading halts and/or delisting from the Exchange. Risk may be heightened for a fund that invests in securities or instruments that have lower trading volumes. <p id="xdx_A83_eoef--RiskTextBlock_hoef--RiskAxis__custom--PremiumdiscountAndBidaskRiskMember_zrLtIgkHpbF8" style="font: 9pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt 21.6pt; text-transform: none; color: #000000; text-indent: 0pt; text-align: left">Premium/Discount and Bid/Ask Risk: Fund shares may trade at prices that are above or below NAV. The market prices of Fund shares will generally fluctuate in accordance with changes in NAV as well as the relative supply of, and demand for, Fund shares. Although market makers will generally take advantage of differences between the NAV and the trading price of Fund shares through arbitrage opportunities, there is no guarantee that they will do so. Decisions by market makers or Authorized Participants to reduce their role or “step away” from market making or creation/redemption activities in times of market stress could inhibit the effectiveness of the arbitrage process in maintaining the relationship between the underlying value of the Fund’s portfolio securities and the Fund’s market price. This reduced effectiveness could result in Fund shares trading at a discount to NAV and also in greater than normal intraday bid/ask spreads for Fund shares. Large bid/ask spreads may adversely impact the performance of an investment in the Fund. <p id="xdx_A85_eoef--RiskTextBlock_hoef--RiskAxis__custom--SecondaryMarketTradingRiskMember_z5lRl7mRZ2L2" style="font: 9pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt 21.6pt; text-transform: none; color: #000000; text-indent: 0pt; text-align: left">Secondary Market Trading Risk: Investors buying or selling Fund shares in the secondary market may pay brokerage commissions or other charges, which may be a significant proportional cost for investors seeking to buy or sell relatively small amounts of Fund shares. Although the Fund’s shares are listed on the Exchange, there can be no assurance that an active or liquid trading market for them will develop or be maintained. In addition, trading in Fund shares on the Exchange may be halted. <p id="xdx_A8B_eoef--RiskTextBlock_hoef--RiskAxis__custom--TradingHaltRiskMember_zI4oArJ8MSp7" style="font: 9pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt 21.6pt;text-transform: none; color: #000000; text-indent: 0pt; text-align: left">Trading Halt Risk: Sharp price declines in securities owned by the Fund may trigger trading halts, which may result in the Fund’s shares trading in the market at an increasingly large discount to NAV during part (or all) of one or more trading days. <p id="xdx_A8D_eoef--RiskTextBlock_hoef--RiskAxis__custom--EquityInvestingRiskMember_zUJ5WRhDdCG5" style="font: 9pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt; text-transform: none; color: #000000; text-indent: 0pt; text-align: left">Equity Investing Risk: An investment in the Fund involves risks similar to those of investing in any fund holding equity securities, such as market fluctuations. In addition, securities may decline in value due to factors affecting a specific issuer, market or securities markets generally. <p id="xdx_A8D_eoef--RiskTextBlock_hoef--RiskAxis__custom--LargecapitalizationSecuritiesRiskMember_z4xTztndn1Xe" style="font: 9pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt;text-transform: none; color: #000000; text-indent: 0pt; text-align: left">Large-Capitalization Securities Risk: The securities of large market capitalization companies may underperform other segments of the market because such companies may be less responsive to competitive challenges and opportunities and may be unable to attain high growth rates during periods of economic expansion. <p id="xdx_A8D_eoef--RiskTextBlock_hoef--RiskAxis__custom--LeverageRiskMember_zwJa7e61yHq9" style="font: 9pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt;text-transform: none; color: #000000; text-indent: 0pt; text-align: left">Leverage Risk: The Fund’s use of short selling and swap agreements allows the Fund to obtain investment exposures greater than its NAV by a significant amount, i.e., use leverage. Use of leverage tends to magnify increases or decreases in the Fund’s returns and may lead to a more volatile share price. Leverage may magnify the Fund’s gains or losses. <p id="xdx_A8D_eoef--RiskTextBlock_hoef--RiskAxis__custom--LiquidityRiskMember_zmiEHodWbHQ2" style="font: 9pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt;text-transform: none; color: #000000; text-indent: 0pt; text-align: left">Liquidity Risk: Liquidity risk exists when investments are difficult to purchase, sell or price accurately. This can reduce the Fund’s returns because the Fund or an entity in which it invests may be unable to transact at advantageous times or prices. An illiquid investment is hard to value and may be sold at a price that is different from the price at which the Adviser valued the investment for purposes of the Fund’s NAV. <p id="xdx_A8C_eoef--RiskTextBlock_hoef--RiskAxis__custom--MarketRiskMember_zn5HeAqC6Wd4" style="font: 9pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt; text-transform: none; color: #000000; text-indent: 0pt; text-align: left">Market Risk. The value of the Fund’s investments may fluctuate because of changes in the markets in which the Fund invests, which could cause the Fund to underperform other funds with similar objectives. Changes in these markets may be rapid and unpredictable. War and occupation, terrorism and related geopolitical risks, natural disasters, and public health emergencies, including an epidemic or pandemic, may lead to increased short-term market volatility and may have adverse long-term effects on world economies and markets generally. These events could reduce consumer demand or economic output; result in market closures, changes in interest rates, inflation/deflation, travel restrictions or quarantines; and significantly adversely impact the economy. In addition, there is a risk that policy changes by the U.S. government, Federal Reserve and/or other government actors, such as changing interest rates or threatened or imposed tariffs, could cause increased volatility in financial markets. From time to time, markets may experience stress for potentially prolonged periods that may result in: (i) increased market volatility; (ii) reduced market liquidity; and (iii) increased redemptions. Such conditions may add significantly to the risk of volatility in the NAV of the Fund’s shares. <p id="xdx_A86_eoef--RiskTextBlock_hoef--RiskAxis__custom--MidCapitalizationSecuritiesRiskMember_zJqGIVPY4s99" style="font: 9pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt; text-transform: none; color: #000000; text-indent: 0pt; text-align: left">Mid-Capitalization Securities Risk: The securities of mid-capitalization companies are often more volatile and less liquid than the securities of larger companies and may be more affected than other types of stocks during market downturns. Compared to larger companies, mid-capitalization companies may have a shorter history of operations, and may have limited product lines, markets or financial resources. <p id="xdx_A81_eoef--RiskTextBlock_hoef--RiskAxis__custom--PortfolioTurnoverRiskMember_z0ExgIqonHg4" style="font: 9pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt; text-transform: none; color: #000000; text-indent: 0pt; text-align: left">Portfolio Turnover Risk: The Fund’s investment strategy may result in higher portfolio turnover rates. A high portfolio turnover rate (e.g., over 100% per year) may result in higher transaction costs to the Fund, including brokerage commissions, and negatively impact the Fund’s performance. Such portfolio turnover also may generate net short-term capital gains. <p id="xdx_A81_eoef--RiskTextBlock_hoef--RiskAxis__custom--PortfolioManagementRiskMember_z9GNwqEtFxq1" style="font: 9pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt; text-transform: none; color: #000000; text-indent: 0pt; text-align: left">Portfolio Management Risk: The investment strategies, practices and risk analysis used by the Adviser may not produce the desired results. In addition, the Fund may not achieve its investment objective, including during a period in which the Adviser takes temporary positions in response to unusual or adverse market, economic or political conditions, or other unusual or abnormal circumstances. There is also the inherent risk in the portfolio manager’s ability to anticipate changing market conditions that can adversely affect the value of the Fund’s holdings. <p id="xdx_A82_eoef--RiskTextBlock_hoef--RiskAxis__custom--ReitRiskMember_zr0pEDTypTJi" style="font: 9pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt;text-transform: none; color: #000000; text-indent: 0pt; text-align: left">REIT Risk: Through its investments in REITs, the Fund will be subject to the risks of investing in the real estate market, including decreases in property values and revenues. Additionally, increases in interest rates may cause a decline in the value of REITs held by the Fund. Performance Information 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. 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. www.agf.com/us <div id="xdx_A82_eoef--BarChartTableTextBlock_zoTBH2Evh8Vb"></div> <table border="0" cellpadding="0" cellspacing="0" id="xdx_A58_dU_z52nueZXAZpb" style="font: 11pt Calibri, Helvetica, Sans-Serif; display: none; visibility: hidden; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Annual Total Returns"> <tr style="vertical-align: bottom"> <td style="text-align: left; width: 67%"> </td> <td id="xdx_485_eoef--AnnlRtrPct_dp_zoxQNtEEPfBb" style="text-align: left; width: 33%"> </td></tr> <tr id="xdx_414_20160101__20161231__oef--ClassAxis__custom--C000101802Member_zQyaHj36DpKl" style="vertical-align: bottom"> <td style="text-align: left">2016</td> <td style="text-align: left">-4.73%</td></tr> <tr id="xdx_41B_20170101__20171231__oef--ClassAxis__custom--C000101802Member_zTKxitxiphJf" style="vertical-align: bottom"> <td style="text-align: left">2017</td> <td style="text-align: left">-2.79%</td></tr> <tr id="xdx_41D_20180101__20181231__oef--ClassAxis__custom--C000101802Member_zKnS3U7wI855" style="vertical-align: bottom"> <td style="text-align: left">2018</td> <td style="text-align: left">15.05%</td></tr> <tr id="xdx_41B_20190101__20191231__oef--ClassAxis__custom--C000101802Member_zSTJVQHPzhNb" style="vertical-align: bottom"> <td style="text-align: left">2019</td> <td style="text-align: left">1.71%</td></tr> <tr id="xdx_419_20200101__20201231__oef--ClassAxis__custom--C000101802Member_zWWqLXGDhxM3" style="vertical-align: bottom"> <td style="text-align: left">2020</td> <td style="text-align: left">-13.76%</td></tr> <tr id="xdx_414_20210101__20211231__oef--ClassAxis__custom--C000101802Member_zncO4C807SO6" style="vertical-align: bottom"> <td style="text-align: left">2021</td> <td style="text-align: left">-7.33%</td></tr> <tr id="xdx_414_20220101__20221231__oef--ClassAxis__custom--C000101802Member_zDX8x1awPvB8" style="vertical-align: bottom"> <td style="text-align: left">2022</td> <td style="text-align: left">20.90%</td></tr> <tr id="xdx_416_20230101__20231231__oef--ClassAxis__custom--C000101802Member_zhMn5RDWBysk" style="vertical-align: bottom"> <td style="text-align: left">2023</td> <td style="text-align: left">-14.85%</td></tr> <tr id="xdx_411_20240101__20241231__oef--ClassAxis__custom--C000101802Member_z66dREnko8n7" style="vertical-align: bottom"> <td style="text-align: left">2024</td> <td style="text-align: left">12.99%</td></tr> <tr id="xdx_41C_20250101__20251231__oef--ClassAxis__custom--C000101802Member_z6Oe3Silxck8" style="vertical-align: bottom"> <td style="text-align: left">2025</td> <td style="text-align: left">-20.60%</td></tr> </table> <div style="font: 9pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt; text-transform: none; color: #000000; text-indent: 0pt; text-align: center"> <div style="border-width: 0pt; padding: 0pt; overflow: hidden; display: inline-block; width: 311.62pt; height: 159.82pt; text-align: left"> <img alt="" src="agf-pro_110126img002.jpg" style="vertical-align: top; margin-left: 0pt; width: 310.8pt; margin-top: 0pt; height: 159.6pt"/> </div> </div> -0.0473 -0.0279 0.1505 0.0171 -0.1376 -0.0733 0.2090 -0.1485 0.1299 -0.2060 For the period shown in the bar chart above: <div style="font: 9pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt; text-transform: none; color: #000000; text-align: left"> <table style="table-layout: fixed; width: 323.99pt; margin-top: 4pt; margin-bottom: 8pt; border-collapse: collapse"> <tr style="margin: 0; height: 0"> <td style="border-width: 0; margin: 0; padding: 0; width: 21.59pt"> </td> <td style="border-width: 0; margin: 0; padding: 0; width: 68.39pt"> </td> <td style="border-width: 0; margin: 0; padding: 0; width: 43.19pt"> </td> <td style="border-width: 0; margin: 0; padding: 0; width: 104.39pt"> </td> <td style="border-width: 0; margin: 0; padding: 0; width: 43.19pt"> </td> <td style="border-width: 0; margin: 0; padding: 0; width: 43.19pt"> </td> </tr> <tr style="min-height: 3pt"> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> Best Quarter </td> <td style="border-width: 0pt; padding: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> (June 30, 2022) </td> <td style="border-width: 0pt; padding: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> 18.48% </td> </tr> <tr style="min-height: 3pt"> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> Worst Quarter </td> <td style="border-width: 0pt; padding: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> (December 31, 2020) </td> <td style="border-width: 0pt; padding: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom; border-collapse: collapse"> -19.03% </td> </tr> </table> </div> The year-to-date return as of the calendar quarter ended September 30, 2026 is -16.49%. Best Quarter 2022-06-30 0.1848 Worst Quarter 2020-12-31 -0.1903 year-to-date return 2026-09-30 -0.1649 <div id="xdx_A88_eoef--PerformanceTableTextBlock_zRrXdfFKVxG1"></div> <table id="xdx_A5D_dU_zGNmXCndQ3i3" style="table-layout: fixed; width: 583.19pt; margin-top: 12pt; margin-bottom: 8pt; border-collapse: collapse" summary="xdx: Disclosure - Average Annual Total Returns"> <tr style="margin: 0; height: 0"> <td style="border-width: 0; margin: 0; padding: 0; width: 262.8pt"> </td> <td style="border-width: 0; margin: 0; padding: 0; width: 14.39pt"> </td> <td style="border-width: 0; margin: 0; padding: 0; width: 54pt"> </td> <td style="border-width: 0; margin: 0; padding: 0; width: 14.39pt"> </td> <td style="border-width: 0; margin: 0; padding: 0; width: 54pt"> </td> <td style="border-width: 0; margin: 0; padding: 0; width: 14.39pt"> </td> <td style="border-width: 0; margin: 0; padding: 0; width: 54pt"> </td> <td style="border-width: 0; margin: 0; padding: 0; width: 14.39pt"> </td> <td style="border-width: 0; margin: 0; padding: 0; width: 100.8pt"> </td> </tr> <tr style="min-height: 3pt"> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 4pt; background-color: #c5c5c4; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> <p id="xdx_98D_eoef--PerformanceTableHeading_c20261027__20261027__dei--LegalEntityAxis__custom--S000033013Member_zMoYwpjHh4e7" style="font: 8pt/normal Arial, sans-serif; margin: 0 0pt; text-transform: none; color: #000000; text-indent: 0pt; text-align: left">Average Annual Total Returns  (for the periods ended December 31, 2025) </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 4pt; background-color: #c5c5c4; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 4pt; background-color: #c5c5c4; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> One Year </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 4pt; background-color: #c5c5c4; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 4pt; background-color: #c5c5c4; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> Five Year </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 4pt; background-color: #c5c5c4; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 4pt; background-color: #c5c5c4; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> Ten Year </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 4pt; background-color: #c5c5c4; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 4pt; background-color: #c5c5c4; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> Inception Date of Fund </td> </tr> <tr style="min-height: 3pt"> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt 2pt 2pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> Before Taxes </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> <p id="xdx_986_eoef--AvgAnnlRtrPct_c20250101__20251231__oef--ClassAxis__custom--C000101802Member_zp44SGGsMcql" style="font: 9pt/normal Arial, sans-serif; margin: 0 0pt; text-transform: none; color: #000000; text-align: right">-20.60% </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> <p id="xdx_985_eoef--AvgAnnlRtrPct_c20210101__20251231__oef--ClassAxis__custom--C000101802Member_z2MGu0qST2yd" style="font: 9pt/normal Arial, sans-serif; margin: 0 0pt; text-transform: none; color: #000000; text-align: right">-3.06% </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> <p id="xdx_984_eoef--AvgAnnlRtrPct_c20160101__20251231__oef--ClassAxis__custom--C000101802Member_zxIVxQ518XZ2" style="font: 9pt/normal Arial, sans-serif; margin: 0 0pt; text-transform: none; color: #000000; text-align: right">-2.21% </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> September 12, 2011 </td> </tr> <tr style="min-height: 3pt"> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt 2pt 2pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> After Taxes on Distributions </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> <p id="xdx_986_eoef--AvgAnnlRtrPct_c20250101__20251231__oef--ClassAxis__custom--C000101802Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_zPgpgZOvsazc" style="font: 9pt/normal Arial, sans-serif; margin: 0 0pt; text-transform: none; color: #000000; text-align: right">-21.16% </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> <p id="xdx_988_eoef--AvgAnnlRtrPct_c20210101__20251231__oef--ClassAxis__custom--C000101802Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_zHtDaSTDWem8" style="font: 9pt/normal Arial, sans-serif; margin: 0 0pt; text-transform: none; color: #000000; text-align: right">-3.87% </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> <p id="xdx_98F_eoef--AvgAnnlRtrPct_c20160101__20251231__oef--ClassAxis__custom--C000101802Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_zGP6YhIHO9Ma" style="font: 9pt/normal Arial, sans-serif; margin: 0 0pt; text-transform: none; color: #000000; text-align: right">-2.65% </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> = </td> </tr> <tr style="min-height: 3pt"> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt 2pt 2pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> After Taxes on Distributions and Sale of Shares </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> <p id="xdx_984_eoef--AvgAnnlRtrPct_c20250101__20251231__oef--ClassAxis__custom--C000101802Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_zeowgjU4jli8" style="font: 9pt/normal Arial, sans-serif; margin: 0 0pt; text-transform: none; color: #000000; text-align: right">-11.96% </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> <p id="xdx_986_eoef--AvgAnnlRtrPct_c20210101__20251231__oef--ClassAxis__custom--C000101802Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_zUACtxuWhF1j" style="font: 9pt/normal Arial, sans-serif; margin: 0 0pt; text-transform: none; color: #000000; text-align: right">-2.46% </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> <p id="xdx_983_eoef--AvgAnnlRtrPct_c20160101__20251231__oef--ClassAxis__custom--C000101802Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_zfNtcON05VCj" style="font: 9pt/normal Arial, sans-serif; margin: 0 0pt; text-transform: none; color: #000000; text-align: right">-1.71% </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> = </td> </tr> <tr style="min-height: 3pt"> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt 2pt 2pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> S&P 500 Index (reflects no deduction for fees, expenses or taxes) </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> <p id="xdx_98D_eoef--AvgAnnlRtrPct_c20250101__20251231__oef--PerformanceMeasureAxis__custom--SAndP500IndexMember_zKTOPmgj4Rx7" style="font: 9pt/normal Arial, sans-serif; margin: 0 0pt; text-transform: none; color: #000000; text-align: right">17.88% </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> <p id="xdx_980_eoef--AvgAnnlRtrPct_c20210101__20251231__oef--PerformanceMeasureAxis__custom--SAndP500IndexMember_zr2ikVLVLpK3" style="font: 9pt/normal Arial, sans-serif; margin: 0 0pt; text-transform: none; color: #000000; text-align: right">14.42% </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> <p id="xdx_983_eoef--AvgAnnlRtrPct_c20160101__20251231__oef--PerformanceMeasureAxis__custom--SAndP500IndexMember_z3BJOfMOYHzi" style="font: 9pt/normal Arial, sans-serif; margin: 0 0pt; text-transform: none; color: #000000; text-align: right">14.82% </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> = </td> </tr> <tr style="min-height: 3pt"> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt 2pt 2pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> Dow Jones U.S. Thematic Market Neutral Low Beta Index (reflects no deduction for fees, expenses or taxes) </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> <p id="xdx_98D_eoef--AvgAnnlRtrPct_c20250101__20251231__oef--PerformanceMeasureAxis__custom--DowJonesUSThematicMarketNeutralLowBetaIndexMember_zVGH9prGpyF3" style="font: 9pt/normal Arial, sans-serif; margin: 0 0pt; text-transform: none; color: #000000; text-align: right">-22.49% </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> <p id="xdx_989_eoef--AvgAnnlRtrPct_c20210101__20251231__oef--PerformanceMeasureAxis__custom--DowJonesUSThematicMarketNeutralLowBetaIndexMember_ziihTKvGdoZf" style="font: 9pt/normal Arial, sans-serif; margin: 0 0pt; text-transform: none; color: #000000; text-align: right">-4.70% </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> <p id="xdx_98F_eoef--AvgAnnlRtrPct_c20160101__20251231__oef--PerformanceMeasureAxis__custom--DowJonesUSThematicMarketNeutralLowBetaIndexMember_zLkNvsxNSfEb" style="font: 9pt/normal Arial, sans-serif; margin: 0 0pt; text-transform: none; color: #000000; text-align: right">-2.79% </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> </td> <td style="border-top: #000000 0.5pt solid; border-bottom: #000000 0.5pt solid; padding: 2pt 0pt; border-right-width: 0pt; border-left-width: 0pt; vertical-align: bottom; border-collapse: collapse"> = </td> </tr> </table> Average Annual Total Returns (for the periods ended December 31, 2025) -0.2060 -0.0306 -0.0221 2011-09-12 -0.2116 -0.0387 -0.0265 -0.1196 -0.0246 -0.0171 0.1788 0.1442 0.1482 (reflects no deduction for fees, expenses or taxes) -0.2249 -0.0470 -0.0279 <p id="xdx_A8B_eoef--PerformanceTableClosingTextBlock_zzSE70bGwWTg" style="font: 9pt/normal Arial, sans-serif; margin: 0pt 0pt 8pt; text-transform: none; color: #000000; text-indent: 0pt; text-align: left">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. 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. 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. The Fund’s investment adviser, AGF Investments LLC (“Adviser”), has entered into a contractual agreement with the Fund pursuant to which (i) the Adviser waives fees and reimburses expenses of the Fund so that the total annual operating expenses of the Fund (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”) are limited to 0.45% of average net assets (“Operating Expense Waiver”) and (ii) the Adviser reduces its management fees to the extent of any acquired fund fees and expenses (“AFFE”) incurred by the Fund attributable to a management fee paid to the Adviser (or an affiliated person of the Adviser) by an underlying fund in which the Fund invests (“AFFE Waiver” together with the Operating Expense Waiver, the “Expense Cap”). The Expense Cap will remain in effect until November 1, 2027, and shall renew automatically for one-year terms unless the Adviser provides 120 days’ written notice of termination prior to the start of the next term or upon approval of the Board of Trustees.