Summary
AGF U.S. Market Neutral Anti-Beta Fund is an ETF - a fund traded on an exchange like a stock - run by AGF. Positions inside: 401. The ten largest make up 4.5% of the fund.
- Yearly costs
- 1.65%
- Fund size
- $340.3M
- Positions
- 401
- Dividend yield
- 2.76%
- Running since
- 2011
What speaks for it
- Widely spread: the ten largest positions make up only 4.5% of the fund.
- It has been running since 2011.
What to watch
- Costs of 1.65% a year are above the middle of comparable funds (0.74%).
- In the last five years its price once dropped by 50% from its high.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- +6.0%
- 3 months
- +7.5%
- This year
- -9.5%
- 1 year
- -16%
- 3 years
- -37%
- 5 years
- -22%
- 10 years
- -38%
- Avg. market cap
- $89.5B
- P/E
- 18.6x
- Forward P/E
- 15.5x
- P/S
- 1.2x
- P/B
- 3.1x
- P/FCF
- 14.2x
- EV/EBITDA
- 13.1x
- Dividend yield
- 1.57%
- ROIC
- 16.0%
- ROE
- 23.4%
- Gross margin
- 45.0%
- Operating margin
- 18.3%
- Net margin
- 13.1%
- Payout ratio
- 29.2%
- Net debt/EBITDA
- 4.9x
- Beta
- -0.93
Weighted average of the 50 largest companies, which make up 21% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Widely spread- 1 DTDynatrace DT 0.5%
- 2 FFF5 FFIV 0.5%
- 3 MCMcKesson MCK 0.5%
- 4 ACAccenture ACN 0.5%
- 5 ZSZscaler ZS 0.4%
- 6 CDCDW CDW 0.4%
- 7 APAPA Corporation APA 0.4%
- 8 RNRenaissanceRe RNR 0.4%
- 9 CACardinal Health CAH 0.4%
- 10 MSMSC Industrial Direct Co., Inc. MSM 0.4%
Positions in the fund: 401. The ten largest make up 4.5% of it.
Composition as of Oct 18, 2026.
Where is it spread?
Spread outBy sector
- Industrials 35%
- Financials 26%
- Technology 15%
- Consumer cyclical 13%
- Real estate 12%
- Other 21%
By country
- United States 60%
- Bermuda 29%
- Ireland 20%
- Switzerland 5.4%
- Other countries 5.8%
By company size
- Mega cap 4.6%
- Large cap 70%
- Mid cap 25%
- Small cap 0.3%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 74% of the fund.
Largest sector: Industrials (35%). Largest country: United States (60%). Largest size group: Large cap (70%).
What does it cost me?
Expensive- A year from $10,000
- $165
- Over 20 years
- $7,204
From every $10,000 invested the fund takes $165 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $7,204.
How has it done?
Losing value- A year on average, 10 years
- -4.7%
- Deepest drop
- -50%
- Yearly volatility
- 24%
Average yearly decline over the last ten years: 4.7%. Deepest drop in these years: 50% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 2.76%
- Payments a year
- 1
- Last payment
- $0.36
Over the last 12 months it paid $0.36 per share, which is 2.76% of today's price. The last payment was $0.36 on Dec 30, 2025.
Is it easy to buy and sell?
Yes- Traded a day
- $8.46M
- Shares a day
- 653K
On an average day about $8.46M of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 18.6
- Average Bulios Score
- 66 out of 100
Weight by Bulios Fair Price
- Undervalued 26%
- Fairly valued 20%
- Overvalued 54%
On average the companies inside trade for 18.6 times their yearly profit. By Fair Price, 54% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 21% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
QB QBTL.TO AGF US Market Neutral Anti-Beta CAD-Hedged ETF | Canada | 0.55% | $219.5M | -16% | Reinvests | 65% |
ON ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF | United States | 0.20% | $522.0M | +10% | Pays out | 28% |
JP JPUS JPMorgan Diversified Return U.S. Equity ETF | United States | 0.18% | $459.0M | +14% | Pays out | 28% |
SI SIXL ETC 6 Meridian Low Beta Equity ETF | United States | 0.31% | $203.9M | +7.0% | Pays out | 28% |
DE DEUS Xtrackers Russell US Multifactor ETF | United States | 0.17% | $201.7M | +14% | Pays out | 26% |
RO ROUS Hartford Multifactor US Equity ETF | United States | 0.19% | $774.4M | +18% | Pays out | 24% |