UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-22540
AGF Investments Trust
(Exact name of registrant as specified in charter)
53 State Street
Suite 1308
Boston, MA 02109
(Address of principal executive offices) (Zip code)
William H. DeRoche, President
53 State Street, Suite 1308
Boston, MA 02109
(Name and Address of Agent for Service)
Registrant’s telephone number, including area code: (617) 292-9801
Date of fiscal year end: June 30
Date of reporting period: December 31, 2021
Item 1. Reports to Stockholders.
(a) | The following is a copy of the report transmitted to shareholders pursuant to Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). |
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| | | | Schedule of Investments | |
| | | AGF Emerging Markets Equity Fund | | |
| | | AGF Global Sustainable Equity Fund | | |
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December 31, 2021 (Unaudited)
Company | | | % of Net Assets | | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | | | | | 9.4% | | |
Tencent Holdings Ltd. | | | | | 7.6% | | |
Samsung Electronics Co. Ltd. | | | | | 7.0% | | |
Alibaba Group Holding Ltd. | | | | | 4.2% | | |
AIA Group Ltd. | | | | | 3.5% | | |
Larsen & Toubro Ltd. | | | | | 3.2% | | |
Airtac International Group | | | | | 2.6% | | |
Kweichow Moutai Co. Ltd. (P-Note) | | | | | 2.4% | | |
Haier Smart Home Co. Ltd. | | | | | 2.4% | | |
Axis Bank Ltd. | | | | | 2.3% | | |
Sectors | | | % of Net Assets | | |||
Communication Services | | | | | 11.1% | | |
Consumer Discretionary | | | | | 13.0% | | |
Consumer Staples | | | | | 5.2% | | |
Energy | | | | | 4.6% | | |
Financials | | | | | 26.2% | | |
Health Care | | | | | 4.4% | | |
Industrials | | | | | 5.8% | | |
Information Technology | | | | | 21.3% | | |
Materials | | | | | 5.6% | | |
Real Estate | | | | | 2.0% | | |
Other(1) | | | | | 0.8% | | |
| | | | | 100.0% | | |
Company | | | % of Net Assets | | |||
Danaher Corp. | | | | | 4.2% | | |
Thermo Fisher Scientific, Inc. | | | | | 3.7% | | |
Legrand SA | | | | | 3.3% | | |
Keyence Corp. | | | | | 3.2% | | |
Tetra Tech, Inc. | | | | | 3.1% | | |
Trex Co., Inc. | | | | | 3.1% | | |
Denso Corp. | | | | | 2.9% | | |
Aptiv plc | | | | | 2.8% | | |
Trimble, Inc. | | | | | 2.8% | | |
Albemarle Corp. | | | | | 2.7% | | |
Sectors | | | % of Net Assets | | |||
Consumer Discretionary | | | | | 13.9% | | |
Consumer Staples | | | | | 2.7% | | |
Financials | | | | | 3.3% | | |
Health Care | | | | | 8.0% | | |
Industrials | | | | | 34.3% | | |
Information Technology | | | | | 23.3% | | |
Materials | | | | | 9.6% | | |
Utilities | | | | | 2.5% | | |
Other(1) | | | | | 2.4% | | |
| | | | | 100.0% | | |
Schedule of Investments
Investments | | | Shares | | | Value ($) | | ||||||
COMMON STOCKS – 90.5% | | ||||||||||||
Banks – 10.1% | | ||||||||||||
Axis Bank Ltd., GDR* | | | | | 405 | | | | | $ | 18,711 | | |
Banco Bradesco SA (Preference) | | | | | 1,666 | | | | | | 5,746 | | |
Bank Mandiri Persero Tbk. PT | | | | | 34,677 | | | | | | 17,092 | | |
China Merchants Bank Co. Ltd., Class H | | | | | 2,194 | | | | | | 17,037 | | |
Komercni banka A.S. | | | | | 213 | | | | | | 9,115 | | |
Sberbank of Russia PJSC, ADR | | | | | 262 | | | | | | 4,126 | | |
Shinhan Financial Group Co. Ltd., ADR | | | | | 366 | | | | | | 11,313 | | |
| | | | | | | | | | | 83,140 | | |
Beverages – 3.9% | | ||||||||||||
Budweiser Brewing Co. APAC Ltd. | | | | | 3,592 | | | | | | 9,420 | | |
Coca-Cola HBC AG* | | | | | 282 | | | | | | 9,752 | | |
Varun Beverages Ltd. | | | | | 1,046 | | | | | | 12,500 | | |
| | | | | | | | | | | 31,672 | | |
Biotechnology – 0.5% | | ||||||||||||
Hugel, Inc. | | | | | 30 | | | | | | 3,874 | | |
Chemicals – 1.2% | | ||||||||||||
Hansol Chemical Co. Ltd.* | | | | | 37 | | | | | | 9,509 | | |
Construction & Engineering – 3.2% | | ||||||||||||
Larsen & Toubro Ltd., GDR | | | | | 1,023 | | | | | | 26,035 | | |
Diversified Financial Services – 3.0% | | ||||||||||||
Chailease Holding Co. Ltd. | | | | | 1,287 | | | | | | 12,258 | | |
FirstRand Ltd. | | | | | 3,207 | | | | | | 12,236 | | |
| | | | | | | | | | | 24,494 | | |
Diversified Telecommunication Services – 2.1% | | ||||||||||||
Hellenic Telecommunications Organization SA | | | | | 487 | | | | | | 9,013 | | |
Telkom Indonesia Persero Tbk. PT | | | | | 29,757 | | | | | | 8,435 | | |
| | | | | | | | | | | 17,448 | | |
Electronic Equipment, Instruments & Components – 1.1% | | ||||||||||||
Delta Electronics, Inc. | | | | | 914 | | | | | | 9,085 | | |
Energy Equipment & Services – 1.8% | | ||||||||||||
Tenaris SA, ADR | | | | | 717 | | | | | | 14,957 | | |
Food & Staples Retailing – 0.6% | | ||||||||||||
Atacadao SA | | | | | 1,861 | | | | | | 5,095 | | |
Health Care Providers & Services – 0.9% | | ||||||||||||
Odontoprev SA | | | | | 3,200 | | | | | | 7,239 | | |
Hotels, Restaurants & Leisure – 1.8% | | ||||||||||||
Melco Resorts & Entertainment Ltd., ADR* | | | | | 607 | | | | | | 6,179 | | |
Trip.com Group Ltd.* | | | | | 349 | | | | | | 8,540 | | |
| | | | | | | | | | | 14,719 | | |
Household Durables – 2.4% | | ||||||||||||
Haier Smart Home Co. Ltd., Class H | | | | | 4,609 | | | | | | 19,476 | | |
Insurance – 4.4% | | ||||||||||||
AIA Group Ltd. | | | | | 2,830 | | | | | | 28,527 | | |
Investments | | | Shares | | | Value ($) | | ||||||
Ping An Insurance Group Co. of China Ltd., Class H | | | | | 1,110 | | | | | $ | 7,993 | | |
| | | | | | | | | | | 36,520 | | |
Interactive Media & Services – 8.9% | | ||||||||||||
Kakao Corp. | | | | | 119 | | | | | | 11,262 | | |
Tencent Holdings Ltd. | | | | | 1,060 | | | | | | 62,097 | | |
| | | | | | | | | | | 73,359 | | |
Internet & Direct Marketing Retail – 6.9% | | ||||||||||||
Alibaba Group Holding Ltd.* | | | | | 2,275 | | | | | | 34,690 | | |
Americanas SA* | | | | | —(a) | | | | | | 1 | | |
Naspers Ltd., Class N | | | | | 97 | | | | | | 15,048 | | |
Pinduoduo, Inc., ADR* | | | | | 114 | | | | | | 6,646 | | |
| | | | | | | | | | | 56,385 | | |
IT Services – 3.0% | | ||||||||||||
Globant SA* | | | | | 38 | | | | | | 11,935 | | |
HCL Technologies Ltd. | | | | | 728 | | | | | | 12,919 | | |
| | | | | | | | | | | 24,854 | | |
Life Sciences Tools & Services – 1.6% | | ||||||||||||
Wuxi Biologics Cayman, Inc.* | | | | | 1,143 | | | | | | 13,566 | | |
Machinery – 2.6% | | ||||||||||||
Airtac International Group | | | | | 584 | | | | | | 21,530 | | |
Metals & Mining – 4.5% | | ||||||||||||
Anglo American plc | | | | | 349 | | | | | | 14,247 | | |
Southern Copper Corp. | | | | | 184 | | | | | | 11,355 | | |
Vale SA | | | | | 798 | | | | | | 11,169 | | |
| | | | | | | | �� | | | 36,771 | | |
Oil, Gas & Consumable Fuels – 2.8% | | ||||||||||||
LUKOIL PJSC, ADR | | | | | 167 | | | | | | 14,946 | | |
Reliance Industries Ltd. | | | | | 255 | | | | | | 8,124 | | |
| | | | | | | | | | | 23,070 | | |
Personal Products – 0.7% | | ||||||||||||
LG Household & Health Care Ltd.* | | | | | 6 | | | | | | 5,537 | | |
Pharmaceuticals – 1.3% | | ||||||||||||
Richter Gedeon Nyrt. | | | | | 199 | | | | | | 5,351 | | |
Sino Biopharmaceutical Ltd. | | | | | 8,168 | | | | | | 5,720 | | |
| | | | | | | | | | | 11,071 | | |
Real Estate Management & Development – 2.0% | | ||||||||||||
Country Garden Services Holdings Co. Ltd. | | | | | 1,792 | | | | | | 10,732 | | |
KWG Living Group Holdings Ltd. | | | | | 14,317 | | | | | | 5,876 | | |
| | | | | | | | | | | 16,608 | | |
Semiconductors & Semiconductor Equipment – 9.4% | | ||||||||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR | | | | | 641 | | | | | | 77,119 | | |
Software – 0.8% | | ||||||||||||
TOTVS SA | | | | | 1,257 | | | | | | 6,463 | | |
Specialty Retail – 1.0% | | ||||||||||||
Foschini Group Ltd. (The)* | | | | | 1,024 | | | | | | 7,962 | | |
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Schedule of Investments (continued)
Investments | | | Shares | | | Value ($) | | ||||||
Technology Hardware, Storage & Peripherals – 7.0% | | ||||||||||||
Samsung Electronics Co. Ltd., GDR | | | | | 35 | | | | | $ | 57,715 | | |
Textiles, Apparel & Luxury Goods – 1.0% | | ||||||||||||
Eclat Textile Co. Ltd. | | | | | 370 | | | | | | 8,439 | | |
TOTAL COMMON STOCKS (Cost $689,728) | | | | | | | | | | | 743,712 | | |
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Investments | | | Shares | | | Maturity Date | | | Value ($) | | |||||||||
PARTICIPATION NOTES – 8.7% | | ||||||||||||||||||
China | | ||||||||||||||||||
Anhui Conch Cement Co., Ltd. (Issuer: Bank of America Merrill Lynch) | | | | | 777 | | | | | | 09/26/2022 | | | | | | 4,913 | | |
Estun Automation Co., Ltd. (Issuer: Macquarie Bank Limited) | | | | | 1,889 | | | | | | 09/25/2023 | | | | | | 7,691 | | |
Kweichow Moutai Co., Ltd. (Issuer: UBS AG) | | | | | 62 | | | | | | 09/16/2022 | | | | | | 19,943 | | |
LONGi Green Energy Technology Co., Ltd. (Issuer: Macquarie Bank Limited) | | | | | 611 | | | | | | 06/26/2023 | | | | | | 8,264 | | |
Nari Technology Co., Ltd. (Issuer: Macquarie Bank Limited) | | | | | 2,532 | | | | | | 03/13/2023 | | | | | | 15,903 | | |
Ningbo Xusheng Auto Technology Co., Ltd. (Issuer: Macquarie Bank Limited) | | | | | 880 | | | | | | 01/13/2023 | | | | | | 6,887 | | |
Wuliangye Yibin Co., Ltd. (Issuer: Macquarie Bank Limited) | | | | | 218 | | | | | | 03/31/2023 | | | | | | 7,616 | | |
TOTAL PARTICIPATION NOTES (Cost $56,991) | | | | | | | | | | | | | | | | | 71,217 | | |
Total Investments – 99.2% (Cost $746,719) | | | | | | | | | | | | | | | | | 814,929 | | |
Other assets less liabilities – 0.8% | | | | | | | | | | | | | | | | | 6,880 | | |
Net Assets – 100.0% | | | | | | | | | | | | | | | | | 821,809 | | |
| Aggregate gross unrealized appreciation | | | | $ | 149,703 | | |
| Aggregate gross unrealized depreciation | | | | | (81,933) | | |
| Net unrealized appreciation | | | | $ | 67,770 | | |
| Federal income tax cost of investments (including derivative contracts, if any) | | | | $ | 747,159 | | |
| Australia | | | | | 0.9% | | |
| Brazil | | | | | 4.4% | | |
| China | | | | | 27.3% | | |
| Czech Republic | | | | | 1.1% | | |
| Greece | | | | | 1.1% | | |
| Hong Kong | | | | | 6.9% | | |
| Hungary | | | | | 0.7% | | |
| India | | | | | 9.5% | | |
| Indonesia | | | | | 3.1% | | |
| Peru | | | | | 1.4% | | |
| Russia | | | | | 3.5% | | |
| South Africa | | | | | 6.0% | | |
| South Korea | | | | | 12.1% | | |
| Switzerland | | | | | 2.4% | | |
| Taiwan | | | | | 13.0% | | |
| United States | | | | | 5.8% | | |
| Other(1) | | | | | 0.8% | | |
| | | | | | 100.0% | | |
Schedule of Investments
Investments | | | Shares | | | Value ($) | | ||||||
COMMON STOCKS – 96.7% | | ||||||||||||
Auto Components – 5.7% | | ||||||||||||
Aptiv plc* | | | | | 378 | | | | | $ | 62,351 | | |
Denso Corp. | | | | | 772 | | | | | | 63,952 | | |
| | | | | | | | | | | 126,303 | | |
Automobiles – 1.1% | | ||||||||||||
Daimler AG (Registered) | | | | | 318 | | | | | | 24,470 | | |
Building Products – 9.5% | | ||||||||||||
Advanced Drainage Systems, Inc. | | | | | 217 | | | | | | 29,540 | | |
Kingspan Group plc | | | | | 469 | | | | | | 56,066 | | |
Nibe Industrier AB, Class B | | | | | 3,724 | | | | | | 56,357 | | |
Trex Co., Inc.* | | | | | 499 | | | | | | 67,380 | | |
| | | | | | | | | | | 209,343 | | |
Capital Markets – 2.3% | | ||||||||||||
MSCI, Inc. | | | | | 82 | | | | | | 50,241 | | |
Chemicals – 8.7% | | ||||||||||||
Albemarle Corp. | | | | | 254 | | | | | | 59,378 | | |
Croda International plc | | | | | 395 | | | | | | 54,107 | | |
Ecolab, Inc. | | | | | 158 | | | | | | 37,065 | | |
Johnson Matthey plc | | | | | 404 | | | | | | 11,188 | | |
Koninklijke DSM NV | | | | | 128 | | | | | | 28,854 | | |
| | | | | | | | | | | 190,592 | | |
Commercial Services & Supplies – 5.0% | | ||||||||||||
Tetra Tech, Inc. | | | | | 397 | | | | | | 67,410 | | |
TOMRA Systems ASA | | | | | 583 | | | | | | 41,773 | | |
| | | | | | | | | | | 109,183 | | |
Construction & Engineering – 4.9% | | ||||||||||||
Valmont Industries, Inc. | | | | | 201 | | | | | | 50,351 | | |
WSP Global, Inc. | | | | | 395 | | | | | | 57,341 | | |
| | | | | | | | | | | 107,692 | | |
Containers & Packaging – 1.0% | | ||||||||||||
Ball Corp. | | | | | 219 | | | | | | 21,083 | | |
Electrical Equipment – 6.6% | | ||||||||||||
Legrand SA | | | | | 622 | | | | | | 72,868 | | |
Plug Power, Inc.* | | | | | 297 | | | | | | 8,384 | | |
Prysmian SpA | | | | | 1,416 | | | | | | 53,377 | | |
Siemens Gamesa Renewable Energy SA* | | | | | 466 | | | | | | 11,179 | | |
| | | | | | | | | | | 145,808 | | |
Electronic Equipment, Instruments & Components – 13.7% | | ||||||||||||
Amphenol Corp., Class A | | | | | 678 | | | | | | 59,298 | | |
Halma plc | | | | | 1,241 | | | | | | 53,752 | | |
Hexagon AB, Class B | | | | | 1,548 | | | | | | 24,609 | | |
Keyence Corp. | | | | | 111 | | | | | | 69,747 | | |
Samsung SDI Co. Ltd. | | | | | 58 | | | | | | 31,958 | | |
Trimble, Inc.* | | | | | 699 | | | | | | 60,946 | | |
| | | | | | | | | | | 300,310 | | |
Investments | | | Shares | | | Value ($) | | ||||||
Food & Staples Retailing – 0.8% | | ||||||||||||
HelloFresh SE* | | | | | 217 | | | | | $ | 16,686 | | |
Food Products – 2.0% | | ||||||||||||
Kerry Group plc, Class A | | | | | 339 | | | | | | 43,709 | | |
Household Durables – 2.6% | | ||||||||||||
Garmin Ltd. | | | | | 415 | | | | | | 56,511 | | |
Independent Power and Renewable Electricity Producers – 0.3% | | ||||||||||||
Brookfield Renewable Corp. | | | | | 156 | | | | | | 5,741 | | |
Leisure Products – 4.1% | | ||||||||||||
Giant Manufacturing Co. Ltd. | | | | | 3,418 | | | | | | 42,622 | | |
Shimano, Inc. | | | | | 179 | | | | | | 47,710 | | |
| | | | | | | | | | | 90,332 | | |
Life Sciences Tools & Services – 8.0% | | ||||||||||||
Danaher Corp. | | | | | 282 | | | | | | 92,781 | | |
Thermo Fisher Scientific, Inc. | | | | | 123 | | | | | | 82,070 | | |
| | | | | | | | | | | 174,851 | | |
Machinery – 6.4% | | ||||||||||||
Cummins, Inc. | | | | | 209 | | | | | | 45,591 | | |
Daimler Truck Holding AG* | | | | | 116 | | | | | | 4,264 | | |
Metso Outotec OYJ | | | | | 3,194 | | | | | | 33,993 | | |
NFI Group, Inc. | | | | | 1,123 | | | | | | 17,987 | | |
Xylem, Inc. | | | | | 329 | | | | | | 39,454 | | |
| | | | | | | | | | | 141,289 | | |
Mortgage Real Estate Investment Trusts (REITs) – 1.0% | | ||||||||||||
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | | | | | 409 | | | | | | 21,726 | | |
Professional Services – 1.8% | | ||||||||||||
Stantec, Inc. | | | | | 722 | | | | | | 40,565 | | |
Semiconductors & Semiconductor Equipment – 5.8% | | ||||||||||||
Analog Devices, Inc. | | | | | 264 | | | | | | 46,403 | | |
Enphase Energy, Inc.* | | | | | 137 | | | | | | 25,063 | | |
Infineon Technologies AG | | | | | 817 | | | | | | 37,913 | | |
Wolfspeed, Inc.* | | | | | 170 | | | | | | 19,001 | | |
| | | | | | | | | | | 128,380 | | |
Software – 3.7% | | ||||||||||||
ANSYS, Inc.* | | | | | 71 | | | | | | 28,480 | | |
Dassault Systemes SE | | | | | 845 | | | | | | 50,324 | | |
Zoom Video Communications, Inc., Class A* | | | | | 19 | | | | | | 3,494 | | |
| | | | | | | | | | | 82,298 | | |
Textiles, Apparel & Luxury Goods – 0.4% | | ||||||||||||
Allbirds, Inc., Class A* | | | | | 593 | | | | | | 8,942 | | |
Water Utilities – 1.3% | | ||||||||||||
American Water Works Co., Inc. | | | | | 152 | | | | | | 28,707 | | |
TOTAL COMMON STOCKS (Cost $1,258,105) | | | | | | | | | | | 2,124,762 | | |
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Schedule of Investments (continued)
Investments | | | Shares | | | Value ($) | | ||||||
MASTER LIMITED PARTNERSHIPS – 0.9% | | ||||||||||||
Independent Power and Renewable Electricity Producers – 0.9% | | ||||||||||||
Brookfield Renewable Partners LP (Cost $12,134) | | | | | 553 | | | | | $ | 19,808 | | |
Total Investments – 97.6% (Cost $1,270,239) | | | | | | | | | | | 2,144,570 | | |
Other assets less liabilities – 2.4% | | | | | | | | | | | 52,872 | | |
Net Assets – 100.0% | | | | | | | | | | | 2,197,442 | | |
|
| Aggregate gross unrealized appreciation | | | | $ | 884,559 | | |
| Aggregate gross unrealized depreciation | | | | | (14,022) | | |
| Net unrealized appreciation | | | | $ | 870,537 | | |
| Federal income tax cost of investments (including derivative contracts, if any) | | | | $ | 1,274,033 | | |
| Canada | | | | | 6.2% | | |
| Finland | | | | | 1.6% | | |
| France | | | | | 5.6% | | |
| Germany | | | | | 3.8% | | |
| Ireland | | | | | 4.5% | | |
| Italy | | | | | 2.4% | | |
| Japan | | | | | 8.3% | | |
| Netherlands | | | | | 1.3% | | |
| Norway | | | | | 1.9% | | |
| South Korea | | | | | 1.5% | | |
| Spain | | | | | 0.5% | | |
| Sweden | | | | | 3.7% | | |
| Taiwan | | | | | 1.9% | | |
| United Kingdom | | | | | 5.4% | | |
| United States | | | | | 49.0% | | |
| Other(1) | | | | | 2.4% | | |
| | | | | | 100.0% | | |
December 31, 2021 (Unaudited)
| | | AGF Emerging Markets Equity Fund | | | AGF Global Sustainable Equity Fund | | ||||||
ASSETS: | | | | | | | | | | | | | |
Investments in securities, at value(1) | | | | $ | 814,929 | | | | | $ | 2,144,570 | | |
Cash | | | | | 21,176 | | | | | | 64,608 | | |
Foreign cash(2) | | | | | 214 | | | | | | — | | |
Receivables: | | | | | | | | | | | | | |
Dividends and interest | | | | | 1,601 | | | | | | 1,429 | | |
Investment adviser (Note 4) | | | | | 26,299 | | | | | | 29,136 | | |
Prepaid expenses | | | | | 27,070 | | | | | | 25,712 | | |
Total Assets | | | | | 891,289 | | | | | | 2,265,455 | | |
LIABILITIES: | | | | | | | | | | | | | |
Distributions payable | | | | | 498 | | | | | | — | | |
Payable for capital shares redeemed | | | | | — | | | | | | 1 | | |
Foreign cash overdraft(2) | | | | | — | | | | | | 11 | | |
Payables: | | | | | | | | | | | | | |
Administration fees | | | | | 12,733 | | | | | | 12,733 | | |
Transfer Agent fees | | | | | 10,695 | | | | | | 10,695 | | |
Trustees fees | | | | | 178 | | | | | | 459 | | |
Custodian and Accounting fees | | | | | 7,926 | | | | | | 6,084 | | |
Professional fees | | | | | 31,225 | | | | | | 31,718 | | |
Accrued expenses and other liabilities | | | | | 6,225(3) | | | | | | 6,312 | | |
Total Liabilities | | | | | 69,480 | | | | | | 68,013 | | |
Net Assets | | | | $ | 821,809 | | | | | $ | 2,197,442 | | |
NET ASSETS CONSIST OF: | | | | | | | | | | | | | |
Paid in capital | | | | $ | 766,944 | | | | | $ | 1,310,065 | | |
Distributable earnings (loss) | | | | | 54,865 | | | | | | 887,377 | | |
Net Assets | | | | $ | 821,809 | | | | | $ | 2,197,442 | | |
NET ASSETS: | | | | | | | | | | | | | |
Class I | | | | $ | 410,905 | | | | | $ | 1,455,298 | | |
Class R6 | | | | | 410,904 | | | | | | 742,144 | | |
Total | | | | $ | 821,809 | | | | | $ | 2,197,442 | | |
SHARES OUTSTANDING (unlimited number of shares authorized) | | | | | | | | | | | | | |
Class I | | | | | 38,287 | | | | | | 75,689 | | |
Class R6 | | | | | 38,287 | | | | | | 38,598 | | |
Total | | | | | 76,574 | | | | | | 114,287 | | |
NET ASSET VALUE | | | | | | | | | | | | | |
Class I | | | | $ | 10.73 | | | | | $ | 19.23 | | |
Class R6 | | | | | 10.73 | | | | | | 19.23 | | |
(1) Investments in securities, at cost | | | | $ | 746,719 | | | | | $ | 1,270,239 | | |
(2) Cost of foreign cash | | | | $ | 213 | | | | | $ | (11) | | |
(3) Includes payable for deferred non-U.S. capital gains tax of $1,167 | |
For the Period Ended December 31, 2021 (Unaudited)
| | | AGF Emerging Markets Equity Fund | | | AGF Global Sustainable Equity Fund | | ||||||
INVESTMENT INCOME: | | | | | | | | | | | | | |
Dividend income | | | | $ | 9,816 | | | | | $ | 8,270 | | |
Income from non-cash dividends | | | | | 3,987 | | | | | | 3,676 | | |
Foreign withholding tax on dividends | | | | | (1,145) | | | | | | (740) | | |
Total Investment Income | | | | | 12,658 | | | | | | 11,206 | | |
EXPENSES: | | | | | | | | | | | | | |
Investment advisory fees (Note 4) | | | | | 3,444 | | | | | | 6,986 | | |
Administration fees | | | | | 38,200 | | | | | | 38,200 | | |
Registration and filing fees | | | | | 18,399 | | | | | | 20,256 | | |
Professional fees | | | | | 46,801 | | | | | | 57,088 | | |
Trustee fees | | | | | 376 | | | | | | 872 | | |
Custodian and Accounting fees | | | | | 20,489 | | | | | | 17,509 | | |
Transfer Agent fees | | | | | 31,953 | | | | | | 31,953 | | |
Chief Compliance Officer fees | | | | | 2,247 | | | | | | 2,618 | | |
Treasurer fees | | | | | 7,429 | | | | | | 13,321 | | |
Other fees | | | | | 4,321 | | | | | | 4,593 | | |
Total Expenses before Adjustments | | | | | 173,659 | | | | | | 193,396 | | |
Less: waivers and/or reimbursements by Adviser (Note 4) | | | | | (169,572) | | | | | | (184,794) | | |
Total Expenses after Adjustments | | | | | 4,087 | | | | | | 8,602 | | |
Net Investment Income | | | | | 8,571 | | | | | | 2,604 | | |
NET REALIZED GAIN (LOSS) FROM: | | | | | | | | | | | | | |
Transactions in investment securities | | | | | (17,520)(1) | | | | | | 30,297 | | |
Foreign currency transactions | | | | | (509) | | | | | | (520) | | |
Net Realized Gain (Loss) | | | | | (18,029) | | | | | | 29,777 | | |
NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) FROM: | | | | | | | | | | | | | |
Investment in securities | | | | | (89,005)(2) | | | | | | 176,385 | | |
Translation of assets and liabilities denominated in foreign currencies | | | | | (101) | | | | | | 102 | | |
Net Change in Unrealized Appreciation (Depreciation) | | | | | (89,106) | | | | | | 176,487 | | |
Net Realized and Unrealized Gain (Loss) | | | | | (107,135) | | | | | | 206,264 | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | $ | (98,564) | | | | | $ | 208,868 | | |
(1) Includes realized non-U.S. capital gains tax of $(496). | | ||||||||||||
(2) Net of change in deferred non-U.S. capital gains tax of $(890). | |
| | | AGF Emerging Markets Equity Fund | | | AGF Global Sustainable Equity Fund | | ||||||||||||||||||
| | | Six Months Ended December 31, 2021 (Unaudited) | | | Year Ended June 30, 2021 | | | Six Months Ended December 31, 2021 (Unaudited) | | | Year Ended June 30, 2021 | | ||||||||||||
OPERATIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 8,571 | | | | | $ | 7,303 | | | | | $ | 2,604 | | | | | $ | 5,295 | | |
Net realized gain (loss) | | | | | (18,029) | | | | | | 24,395 | | | | | | 29,777 | | | | | | 103,253 | | |
Net change in unrealized appreciation (depreciation) | | | | | (89,106) | | | | | | 259,204 | | | | | | 176,487 | | | | | | 453,632 | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | | (98,564) | | | | | | 290,902 | | | | | | 208,868 | | | | | | 562,180 | | |
DISTRIBUTIONS | | | | | | | | | | | | | | | | | | | | | | | | | |
Distributable earnings | | | | | | | | | | | | | | | | | | | | | | | | | |
Class I | | | | | (5,480) | | | | | | (3,790) | | | | | | (27,834) | | | | | | (4,098) | | |
Class R6 | | | | | (5,480) | | | | | | (3,789) | | | | | | (14,194) | | | | | | (2,394) | | |
Total Distributions | | | | | (10,960) | | | | | | (7,579) | | | | | | (42,028) | | | | | | (6,492) | | |
CAPITAL TRANSACTIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | |
Capital shares issued | | | | $ | — | | | | | $ | — | | | | | $ | 30,000 | | | | | $ | 265,000 | | |
Capital shares issued in reinvestment of distributions | | | | | 5,231 | | | | | | 3,221 | | | | | | 27,798 | | | | | | 3,739 | | |
Total Class I transactions | | | | | 5,231 | | | | | | 3,221 | | | | | | 57,798 | | | | | | 268,739 | | |
Class R6 | | | | | | | | | | | | | | | | | | | | | | | | | |
Capital shares issued in reinvestment of distributions | | | | | 5,231 | | | | | | 3,221 | | | | | | 14,159 | | | | | | 2,035 | | |
Total Class R6 transactions | | | | | 5,231 | | | | | | 3,221 | | | | | | 14,159 | | | | | | 2,035 | | |
Net Increase in Net Assets Resulting from Capital Transactions | | | | $ | 10,462 | | | | | $ | 6,442 | | | | | $ | 71,957 | | | | | $ | 270,774 | | |
Total Increase (Decrease)in Net Assets | | | | | (99,062) | | | | | | 289,765 | | | | | | 238,797 | | | | | | 826,462 | | |
NET ASSETS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of period | | | | | 920,871 | | | | | | 631,106 | | | | | | 1,958,645 | | | | | | 1,132,183 | | |
End of Period | | | | $ | 821,809 | | | | | $ | 920,871 | | | | | $ | 2,197,442 | | | | | $ | 1,958,645 | | |
SHARE TRANSACTIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of period | | | | | 37,795 | | | | | | 37,502 | | | | | | 72,584 | | | | | | 55,772 | | |
Capital shares issued | | | | | — | | | | | | — | | | | | | 1,657 | | | | | | 16,582 | | |
Capital shares issued in reinvestment of distributions | | | | | 492 | | | | | | 293 | | | | | | 1,448 | | | | | | 230 | | |
Total Class I − Shares Outstanding, End of Period | | | | | 38,287 | | | | | | 37,795 | | | | | | 75,689 | | | | | | 72,584 | | |
Class R6 | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of period | | | | | 37,795 | | | | | | 37,502 | | | | | | 37,864 | | | | | | 37,736 | | |
Capital shares issued in reinvestment of distributions | | | | | 492 | | | | | | 293 | | | | | | 734 | | | | | | 128 | | |
Total Class R6 − Shares Outstanding, End of Period | | | | | 38,287 | | | | | | 37,795 | | | | | | 38,598 | | | | | | 37,864 | | |
Shares Outstanding, End of Period | | | | | 76,574 | | | | | | 75,590 | | | | | | 114,287 | | | | | | 110,448 | | |
| | | PER SHARE OPERATING PERFORMANCE | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | | Investment Operations | | | Distributions | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of period | | | Net investment Income(a) | | | Net realized and unrealized gain(loss) from investments | | | Total investment operations | | | Net investment income | | | Net realized gains | | | Tax return of capital | | | Total distributions | | | Net asset value, end of period | | | |||||||||||||||||||||||||||||
AGF Emerging Markets Equity Fund – Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Six Months Ended December 31, 2021 (Unaudited) | | | | $ | 12.18 | | | | | | 0.11 | | | | | | (1.42) | | | | | | (1.31) | | | | | | (0.04) | | | | | | (0.10) | | | | | | — | | | | | | (0.14) | | | | | $ | 10.73 | | | | | |
Year Ended June 30, 2021 | | | | $ | 8.41 | | | | | | 0.10 | | | | | | 3.77 | | | | | | 3.87 | | | | | | (0.10) | | | | | | — | | | | | | — | | | | | | (0.10) | | | | | $ | 12.18 | | | | | |
For the period 01/03/20* – 6/30/2020 | | | | $ | 10.00 | | | | | | 0.04 | | | | | | (1.63) | | | | | | (1.59) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 8.41 | | | | | |
AGF Emerging Markets Equity Fund – Class R6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Six Months Ended December 31, 2021 (Unaudited) | | | | $ | 12.18 | | | | | | 0.11 | | | | | | (1.42) | | | | | | (1.31) | | | | | | (0.04) | | | | | | (0.10) | | | | | | — | | | | | | (0.14) | | | | | $ | 10.73 | | | | | |
Year Ended June 30, 2021 | | | | $ | 8.41 | | | | | | 0.10 | | | | | | 3.77 | | | | | | 3.87 | | | | | | (0.10) | | | | | | — | | | | | | — | | | | | | (0.10) | | | | | $ | 12.18 | | | | | |
For the period 01/03/20* – 6/30/2020 | | | | $ | 10.00 | | | | | | 0.04 | | | | | | (1.63) | | | | | | (1.59) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 8.41 | | | | | |
AGF Global Sustainable Equity Fund – Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Six Months Ended December 31, 2021 (Unaudited) | | | | $ | 17.73 | | | | | | 0.02 | | | | | | 1.86 | | | | | | 1.88 | | | | | | (0.01) | | | | | | (0.37) | | | | | | — | | | | | | (0.38) | | | | | $ | 19.23 | | | | | |
Year Ended June 30, 2021 | | | | $ | 12.11 | | | | | | 0.05 | | | | | | 5.63 | | | | | | 5.68 | | | | | | (0.06) | | | | | | — | | | | | | — | | | | | | (0.06) | | | | | $ | 17.73 | | | | | |
Year Ended June 30, 2020 | | | | $ | 10.69 | | | | | | 0.02 | | | | | | 1.42 | | | | | | 1.44 | | | | | | (0.02) | | | | | | — | | | | | | — | | | | | | (0.02) | | | | | $ | 12.11 | | | | | |
Year Ended June 30, 2019 | | | | $ | 9.98 | | | | | | 0.05 | | | | | | 0.71 | | | | | | 0.76 | | | | | | (0.05) | | | | | | — | | | | | | — | | | | | | (0.05) | | | | | $ | 10.69 | | | | | |
For the period 11/03/17* – 6/30/2018 | | | | $ | 10.00 | | | | | | 0.05 | | | | | | (0.07) | | | | | | (0.02) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 9.98 | | | | | |
AGF Global Sustainable Equity Fund – Class R6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Six Months Ended December 31, 2021 (Unaudited) | | | | $ | 17.73 | | | | | | 0.02 | | | | | | 1.86 | | | | | | 1.88 | | | | | | (0.01) | | | | | | (0.37) | | | | | | — | | | | | | (0.38) | | | | | $ | 19.23 | | | | | |
Year Ended June 30, 2021 | | | | $ | 12.11 | | | | | | 0.05 | | | | | | 5.63 | | | | | | 5.68 | | | | | | (0.06) | | | | | | — | | | | | | — | | | | | | (0.06) | | | | | $ | 17.73 | | | | | |
Year Ended June 30, 2020 | | | | $ | 10.69 | | | | | | 0.02 | | | | | | 1.42 | | | | | | 1.44 | | | | | | (0.02) | | | | | | — | | | | | | — | | | | | | (0.02) | | | | | $ | 12.11 | | | | | |
Year Ended June 30, 2019 | | | | $ | 9.98 | | | | | | 0.05 | | | | | | 0.71 | | | | | | 0.76 | | | | | | (0.05) | | | | | | — | | | | | | — | | | | | | (0.05) | | | | | $ | 10.69 | | | | | |
For the period 11/03/17* – 6/30/2018 | | | | $ | 10.00 | | | | | | 0.05 | | | | | | (0.07) | | | | | | (0.02) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 9.98 | | | | | |
| RATIOS/SUPPLEMENT DATA | | |||||||||||||||||||||||||||||||||||||||
| Ratios to average net assets(c) | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||
| Expenses, before reimbursements and/or waivers | | | Expenses, net of reimbursements and/or waivers | | | Net investment income | | | Net investment loss, before reimbursements and/or waivers | | | Total Return(b) | | | Portfolio turnover rate(b) | | | Ending net assets (thousands) | | |||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 40.37% | | | | | | 0.95% | | | | | | 1.99% | | | | | | (37.43)% | | | | | | (10.70)% | | | | | | 25% | | | | | $ | 411 | | |
| | | 41.06%(d) | | | | | | 0.95%(d) | | | | | | 0.89% | | | | | | (39.21)% | | | | | | 46.16% | | | | | | 43% | | | | | $ | 460 | | |
| | | 40.36%(d) | | | | | | 0.95%(d) | | | | | | 0.88% | | | | | | (38.52)% | | | | | | (15.90)% | | | | | | 22% | | | | | $ | 316 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 40.37% | | | | | | 0.95% | | | | | | 1.99% | | | | | | (37.43)% | | | | | | (10.70)% | | | | | | 25% | | | | | $ | 411 | | |
| | | 41.06%(d) | | | | | | 0.95%(d) | | | | | | 0.89% | | | | | | (39.21)% | | | | | | 46.16% | | | | | | 43% | | | | | $ | 460 | | |
| | | 40.36%(d) | | | | | | 0.95%(d) | | | | | | 0.88% | | | | | | (38.52)% | | | | | | (15.90)% | | | | | | 22% | | | | | $ | 315 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 17.99% | | | | | | 0.80% | | | | | | 0.24% | | | | | | (16.94)% | | | | | | 10.58% | | | | | | 10% | | | | | $ | 1,455 | | |
| | | 22.78% | | | | | | 0.80% | | | | | | 0.33% | | | | | | (21.65)% | | | | | | 46.98% | | | | | | 26% | | | | | $ | 1,287 | | |
| | | 44.27% | | | | | | 0.80% | | | | | | 0.15% | | | | | | (43.32)% | | | | | | 13.46% | | | | | | 38% | | | | | $ | 675 | | |
| | | 49.81% | | | | | | 0.80% | | | | | | 0.54% | | | | | | (48.47)% | | | | | | 7.73% | | | | | | 37% | | | | | $ | 609 | | |
| | | 28.87% | | | | | | 0.80% | | | | | | 0.68% | | | | | | (27.40)% | | | | | | (0.20)% | | | | | | 12% | | | | | $ | 375 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 17.99% | | | | | | 0.80% | | | | | | 0.24% | | | | | | (16.94)% | | | | | | 10.58% | | | | | | 10% | | | | | $ | 742 | | �� |
| | | 22.78% | | | | | | 0.80% | | | | | | 0.33% | | | | | | (21.65)% | | | | | | 46.98% | | | | | | 26% | | | | | $ | 672 | | |
| | | 44.27% | | | | | | 0.80% | | | | | | 0.15% | | | | | | (43.32)% | | | | | | 13.46% | | | | | | 38% | | | | | $ | 457 | | |
| | | 49.19% | | | | | | 0.80% | | | | | | 0.53% | | | | | | (47.86)% | | | | | | 7.73% | | | | | | 37% | | | | | $ | 403 | | |
| | | 28.87% | | | | | | 0.80% | | | | | | 0.68% | | | | | | (27.40)% | | | | | | (0.20)% | | | | | | 12% | | | | | $ | 374 | | |
December 31, 2021 (Unaudited)
| | | Level 1 — Quoted Prices | | | Level 2 — Other Significant Observable Inputs | | | Level 3 — Significant Unobservable Inputs | | | Total | | ||||||||||||
AGF Emerging Markets Equity Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks* | | | | $ | 743,712 | | | | | $ | — | | | | | $ | — | | | | | $ | 743,712 | | |
Participation Notes | | | | | — | | | | | | 71,217 | | | | | | — | | | | | | 71,217 | | |
Total Investments | | | | $ | 743,712 | | | | | $ | 71,217 | | | | | $ | — | | | | | $ | 814,929 | | |
AGF Global Sustainable Equity Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks* | | | | $ | 2,124,762 | | | | | $ | — | | | | | $ | — | | | | | $ | 2,124,762 | | |
Master Limited Partnership | | | | | 19,808 | | | | | | — | | | | | | — | | | | | | 19,808 | | |
Total Investments | | | | $ | 2,144,570 | | | | | $ | — | | | | | $ | — | | | | | $ | 2,144,570 | | |
Fund | | | Management Fees Waived | | | Expense Reimbursements | | ||||||
AGF Emerging Markets Equity Fund | | | | $ | 3,444 | | | | | $ | 166,128 | | |
AGF Global Sustainable Equity Fund | | | | | 6,986 | | | | | | 177,808 | | |
Fund | | | Expires June 30, 2022 | | | Expires June 30, 2023 | | | Expires June 30, 2024 | | | Expires June 30, 2025 | | | Total Eligible for Recoupment | | |||||||||||||||
AGF Emerging Markets Equity Funds | | | | $ | — | | | | | $ | 122,717 | | | | | $ | 328,686 | | | | | $ | 169,572 | | | | | $ | 620,975 | | |
AGF Global Sustainable Equity Fund | | | | | 196,273 | | | | | | 483,251 | | | | | | 349,087 | | | | | | 184,794 | | | | | | 1,213,405 | | |
Fund | | | Purchases | | | Sales | | ||||||
AGF Emerging Markets Equity Fund | | | | $ | 212,259 | | | | | $ | 207,306 | | |
AGF Global Sustainable Equity Fund | | | | | 237,438 | | | | | | 203,070 | | |
December 31, 2021 (Unaudited)
| | | Beginning Account Value 07/01/21 | | | Ending Account Value 12/31/21 | | | Expenses Paid During the Period* | | | Annualized Expense Ratio During Period | | ||||||||||||
AGF Emerging Markets Equity Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 893.00 | | | | | $ | 4.53 | | | | | | 0.95% | | |
Hypothetical | | | | $ | 1,000.00 | | | | | $ | 1,020.42 | | | | | $ | 4.84 | | | | | | 0.95% | | |
Class R6 | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 893.00 | | | | | $ | 4.53 | | | | | | 0.95% | | |
Hypothetical | | | | $ | 1,000.00 | | | | | $ | 1,020.42 | | | | | $ | 4.84 | | | | | | 0.95% | | |
AGF Global Sustainable Equity Fund | | | | | | | | | | | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 1,105.80 | | | | | $ | 4.25 | | | | | | 0.80% | | |
Hypothetical | | | | $ | 1,000.00 | | | | | $ | 1,021.17 | | | | | $ | 4.08 | | | | | | 0.80% | | |
Class R6 | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 1,105.80 | | | | | $ | 4.25 | | | | | | 0.80% | | |
Hypothetical | | | | $ | 1,000.00 | | | | | $ | 1,021.17 | | | | | $ | 4.08 | | | | | | 0.80% | | |
December 31, 2021 (Unaudited)
Boston, MA 02109
www.AGF.com
Foreside Fund Services, LLC
(b) | Include a copy of each notice transmitted to stockholders in reliance on Rule 30e-3 under the Act (17 CFR 270.30e-3) that contains disclosures specified by paragraph (c)(3) of that rule. |
Not applicable
Item 2. Code of Ethics.
Disclosure required in Registrant’s annual Form N-CSR filing.
Item 3. Audit Committee Financial Expert.
Disclosure required in Registrant’s annual Form N-CSR filing.
Item 4. Principal Accountant Fees and Services.
Disclosure required in Registrant’s annual Form N-CSR filing.
Item 5. Audit Committee of Listed Registrants.
(a) | The Registrant is an issuer as defined in Section 10A-3 of the Securities Exchange Act of 1934 and has a separately-designated standing Audit Committee in accordance with Section 3(a)(58)(A) of such Act. All of the Board’s independent Trustees, Peter A. Ambrosini, Joseph A. Franco and Richard S. Robie III, are members of the Audit Committee. |
(b) | Not Applicable. |
Item 6. Investments
(a) | Schedule I – Investments in Securities of Unaffiliated Issuers |
Not applicable. The complete schedule of investments is included in Item 1 of this Form N-CSR.
(b) | Securities Divested of in accordance with Section 13(c) of the Investment Company Act of 1940. |
The Registrant made no divestments of securities in accordance with Section 13(c) of the Investment Company Act of 1940.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable to the Registrant.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable to the Registrant.
Item 9. Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable to the Registrant.
Item 10. Submission of Matters to a Vote of Security Holders.
The Registrant did not have in place procedures by which shareholders may recommend nominees to the Registrant’s board of trustees.
Item 11. Controls and Procedures.
(a) | The Registrant’s principal executive officer and principal financial officer have concluded, based on their evaluation of the registrant’s disclosure controls and procedures as conducted within 90 days of the filing date of this report, that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the Registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms. |
(b) | There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a - 3(d) under the 1940 Act) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable to the Registrant.
Item 13. Exhibits.
(a) | File the exhibits listed below as part of this Form. Letter or number the exhibits in the sequence indicated. |
(a)(1) | Not required for this filing. |
(a)(2) | Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
(a)(3) | Any written solicitation to purchase securities under Rule 23c-1 under the 1940 Act – Not applicable. |
(a)(4) | A change in the registrant’s independent public accountant – Not applicable |
(b) | Certification required by Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 is attached hereto. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
AGF Investments Trust | ||
By: | /s/ William H. DeRoche | |
William H. DeRoche | ||
President and Principal Executive Officer | ||
March 4, 2022 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ William H. DeRoche | |
William H. DeRoche | ||
President and Principal Executive Officer | ||
March 4, 2022 | ||
By: | /s/ Joshua Hunter | |
Joshua Hunter | ||
Principal Financial Officer and Treasurer | ||
March 4, 2022 |