AGF Investments Trust
AGFiQ U.S. Market Neutral Momentum Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
LONG POSITIONS - 83.1% | ||||||||
COMMON STOCKS - 83.1% | ||||||||
Aerospace & Defense - 0.5% | ||||||||
Axon Enterprise, Inc.*(a) | 308 | 27,936 | ||||||
Air Freight & Logistics - 0.9% | ||||||||
United Parcel Service, Inc., Class B(a) | 164 | 27,327 | ||||||
XPO Logistics, Inc.* | 304 | 25,737 | ||||||
53,064 | ||||||||
Automobiles - 0.8% | ||||||||
Tesla, Inc.*(a) | 60 | 25,740 | ||||||
Thor Industries, Inc.(a) | 260 | 24,768 | ||||||
50,508 | ||||||||
Banks - 1.2% | ||||||||
Commerce Bancshares, Inc.(a) | 440 | 24,768 | ||||||
First Republic Bank(a) | 232 | 25,302 | ||||||
SVB Financial Group*(a) | 104 | 25,024 | ||||||
75,094 | ||||||||
Beverages - 1.2% | ||||||||
Boston Beer Co., Inc. (The), Class A*(a) | 28 | 24,734 | ||||||
Brown-Forman Corp., Class B(a) | 360 | 27,115 | ||||||
Monster Beverage Corp.*(a) | 312 | 25,023 | ||||||
76,872 | ||||||||
Biotechnology - 3.1% | ||||||||
Alnylam Pharmaceuticals, Inc.*(a) | 200 | 29,120 | ||||||
Immunomedics, Inc.*(a) | 636 | 54,079 | ||||||
Moderna, Inc.*(a) | 372 | 26,319 | ||||||
Regeneron Pharmaceuticals, Inc.*(a) | 44 | 24,630 | ||||||
Seattle Genetics, Inc.*(a) | 172 | 33,659 | ||||||
Vertex Pharmaceuticals, Inc.*(a) | 92 | 25,035 | ||||||
192,842 | ||||||||
Building Products - 1.2% | ||||||||
Fortune Brands Home & Security, Inc.(a) | 308 | 26,648 | ||||||
Masco Corp.(a) | 444 | 24,478 | ||||||
Trex Co., Inc.*(a) | 352 | 25,203 | ||||||
76,329 | ||||||||
Capital Markets - 6.9% | ||||||||
Ameriprise Financial, Inc.(a) | 168 | 25,891 | ||||||
BlackRock, Inc.(a) | 44 | 24,796 | ||||||
Blackstone Group, Inc. (The), Class A(a) | 484 | 25,265 | ||||||
E*TRADE Financial Corp.(a) | 488 | 24,424 | ||||||
FactSet Research Systems, Inc.(a) | 72 | 24,111 | ||||||
Intercontinental Exchange, Inc.(a) | 248 | 24,812 | ||||||
Janus Henderson Group plc(a) | 1,264 | 27,454 | ||||||
MarketAxess Holdings, Inc.(a) | 52 | 25,043 | ||||||
Moody's Corp.(a) | 88 | 25,507 | ||||||
Morgan Stanley(a) | 508 | 24,562 | ||||||
Morningstar, Inc.(a) | 160 | 25,698 | ||||||
MSCI, Inc.(a) | 72 | 25,688 | ||||||
Nasdaq, Inc.(a) | 196 | 24,051 | ||||||
S&P Global, Inc.(a) | 72 | 25,963 | ||||||
State Street Corp.(a) | 384 | 22,783 | ||||||
T. Rowe Price Group, Inc.(a) | 192 | 24,618 | ||||||
Tradeweb Markets, Inc., Class A(a) | 460 | 26,680 | ||||||
427,346 | ||||||||
Chemicals - 2.9% | ||||||||
Air Products and Chemicals, Inc.(a) | 88 | 26,212 | ||||||
Albemarle Corp.(a) | 284 | 25,355 | ||||||
Chemours Co. (The)(a) | 1,256 | 26,263 | ||||||
FMC Corp.(a) | 240 | 25,418 | ||||||
Linde plc(a) | 104 | 24,765 | ||||||
Scotts Miracle-Gro Co. (The)(a) | 160 | 24,466 | ||||||
Sherwin-Williams Co. (The)(a) | 40 | 27,870 | ||||||
180,349 | ||||||||
Commercial Services & Supplies - 1.7% | ||||||||
Copart, Inc.*(a) | 256 | 26,921 | ||||||
MSA Safety, Inc.(a) | 220 | 29,517 | ||||||
Rollins, Inc.(a) | 468 | 25,361 | ||||||
Stericycle, Inc.*(a) | 416 | 26,233 | ||||||
108,032 | ||||||||
Communications Equipment - 0.4% | ||||||||
Lumentum Holdings, Inc.*(a) | 304 | 22,840 | ||||||
Construction & Engineering - 0.4% | ||||||||
Quanta Services, Inc.(a) | 512 | 27,064 | ||||||
Consumer Finance - 0.4% | ||||||||
Green Dot Corp., Class A*(a) | 500 | 25,305 | ||||||
Containers & Packaging - 0.4% | ||||||||
Berry Global Group, Inc.*(a) | 508 | 24,547 | ||||||
Distributors - 0.4% | ||||||||
Pool Corp.(a) | 80 | 26,763 | ||||||
Diversified Consumer Services - 0.4% | ||||||||
Chegg, Inc.*(a) | 344 | 24,575 | ||||||
Electric Utilities - 1.7% | ||||||||
Alliant Energy Corp.(a) | 484 | 24,999 | ||||||
Eversource Energy(a) | 312 | 26,068 | ||||||
NextEra Energy, Inc.(a) | 92 | 25,535 | ||||||
Xcel Energy, Inc. | 384 | 26,500 | ||||||
103,102 | ||||||||
Electrical Equipment - 1.2% | ||||||||
Generac Holdings, Inc.*(a) | 136 | 26,335 | ||||||
Regal Beloit Corp.(a) | 264 | 24,782 |
AGF Investments Trust
AGFiQ U.S. Market Neutral Momentum Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Rockwell Automation, Inc.(a) | 112 | 24,716 | ||||||
75,833 | ||||||||
Energy Equipment & Services - 0.3% | ||||||||
Halliburton Co.(a) | 1,660 | 20,003 | ||||||
Entertainment - 1.2% | ||||||||
Activision Blizzard, Inc.(a) | 312 | 25,256 | ||||||
Netflix, Inc.*(a) | 48 | 24,002 | ||||||
Zynga, Inc., Class A* | 2,940 | 26,813 | ||||||
76,071 | ||||||||
Equity Real Estate Investment Trusts (REITs) - 6.9% | ||||||||
Alexandria Real Estate Equities, Inc.(a) | 152 | 24,320 | ||||||
American Tower Corp.(a) | 108 | 26,107 | ||||||
Americold Realty Trust(a) | 688 | 24,596 | ||||||
CoreSite Realty Corp.(a) | 208 | 24,727 | ||||||
Crown Castle International Corp.(a) | 164 | 27,306 | ||||||
CyrusOne, Inc.(a) | 320 | 22,410 | ||||||
Digital Realty Trust, Inc.(a) | 172 | 25,243 | ||||||
EastGroup Properties, Inc.(a) | 196 | 25,349 | ||||||
Equinix, Inc.(a) | 32 | 24,324 | ||||||
First Industrial Realty Trust, Inc.(a) | 608 | 24,198 | ||||||
Invitation Homes, Inc.(a) | 920 | 25,751 | ||||||
Medical Properties Trust, Inc.(a) | 1,448 | 25,528 | ||||||
PotlatchDeltic Corp.(a) | 572 | 24,081 | ||||||
Prologis, Inc.(a) | 260 | 26,161 | ||||||
Rexford Industrial Realty, Inc.(a) | 552 | 25,259 | ||||||
SBA Communications Corp.(a) | 88 | 28,026 | ||||||
Weyerhaeuser Co. | 892 | 25,440 | ||||||
428,826 | ||||||||
Food & Staples Retailing - 0.8% | ||||||||
Costco Wholesale Corp.(a) | 76 | 26,980 | ||||||
Kroger Co. (The)(a) | 720 | 24,415 | ||||||
51,395 | ||||||||
Food Products - 1.7% | ||||||||
Darling Ingredients, Inc.*(a) | 800 | 28,824 | ||||||
Hain Celestial Group, Inc. (The)*(a) | 796 | 27,303 | ||||||
Hormel Foods Corp.(a) | 516 | 25,227 | ||||||
Kraft Heinz Co. (The)(a) | 744 | 22,283 | ||||||
103,637 | ||||||||
Health Care Equipment & Supplies - 2.9% | ||||||||
ABIOMED, Inc.*(a) | 84 | 23,273 | ||||||
Align Technology, Inc.*(a) | 88 | 28,808 | ||||||
DexCom, Inc.*(a) | 60 | 24,734 | ||||||
Masimo Corp.*(a) | 120 | 28,327 | ||||||
Penumbra, Inc.*(a) | 116 | 22,548 | ||||||
Varian Medical Systems, Inc.*(a) | 152 | 26,144 | ||||||
West Pharmaceutical Services, Inc. | 96 | 26,390 | ||||||
180,224 | ||||||||
Health Care Providers & Services - 0.8% | ||||||||
Amedisys, Inc.*(a) | 108 | 25,534 | ||||||
DaVita, Inc.*(a) | 300 | 25,695 | ||||||
51,229 | ||||||||
Health Care Technology - 0.9% | ||||||||
Teladoc Health, Inc.*(a) | 124 | 27,186 | ||||||
Veeva Systems, Inc., Class A*(a) | 96 | 26,994 | ||||||
54,180 | ||||||||
Hotels, Restaurants & Leisure - 1.2% | ||||||||
Chipotle Mexican Grill, Inc.*(a) | 20 | 24,874 | ||||||
Churchill Downs, Inc.(a) | 152 | 24,901 | ||||||
Domino's Pizza, Inc.(a) | 64 | 27,218 | ||||||
76,993 | ||||||||
Household Durables - 1.6% | ||||||||
DR Horton, Inc.(a) | 356 | 26,924 | ||||||
Garmin Ltd.(a) | 252 | 23,905 | ||||||
Helen of Troy Ltd.*(a) | 124 | 23,997 | ||||||
Lennar Corp., Class A(a) | 340 | 27,771 | ||||||
102,597 | ||||||||
Household Products - 0.4% | ||||||||
Clorox Co. (The)(a) | 120 | 25,220 | ||||||
Independent Power and Renewable Electricity Producers - 0.4% | ||||||||
AES Corp. (The)(a) | 1,480 | 26,803 | ||||||
Insurance - 3.4% | ||||||||
Aon plc, Class A(a) | 132 | 27,232 | ||||||
Arthur J Gallagher & Co.(a) | 252 | 26,606 | ||||||
Assurant, Inc.(a) | 216 | 26,203 | ||||||
Brown & Brown, Inc.(a) | 576 | 26,075 | ||||||
Marsh & McLennan Cos., Inc.(a) | 228 | 26,152 | ||||||
Progressive Corp. (The)(a) | 284 | 26,886 | ||||||
RLI Corp.(a) | 280 | 23,444 | ||||||
Willis Towers Watson plc(a) | 128 | 26,729 | ||||||
209,327 | ||||||||
Interactive Media & Services - 1.0% | ||||||||
Snap, Inc., Class A*(a) | 1,228 | 32,063 | ||||||
Zillow Group, Inc., Class C* | 312 | 31,696 | ||||||
63,759 | ||||||||
Internet & Direct Marketing Retail - 1.2% | ||||||||
Amazon.com, Inc.*(a) | 8 | 25,190 | ||||||
Etsy, Inc.*(a) | 208 | 25,299 | ||||||
Wayfair, Inc., Class A*(a) | 76 | 22,117 | ||||||
72,606 | ||||||||
IT Services - 2.5% | ||||||||
EPAM Systems, Inc.*(a) | 80 | 25,862 | ||||||
MongoDB, Inc.*(a) | 116 | 26,855 | ||||||
Okta, Inc.*(a) | 116 | 24,807 | ||||||
PayPal Holdings, Inc.*(a) | 128 | 25,220 | ||||||
Square, Inc., Class A*(a) | 172 | 27,959 | ||||||
Twilio, Inc., Class A*(a) | 100 | 24,709 | ||||||
155,412 | ||||||||
Life Sciences Tools & Services - 1.7% | ||||||||
Bio-Rad Laboratories, Inc., Class A*(a) | 52 | 26,804 | ||||||
Charles River Laboratories International, Inc.*(a) | 120 | 27,174 | ||||||
Repligen Corp.*(a) | 176 | 25,967 |
AGF Investments Trust
AGFiQ U.S. Market Neutral Momentum Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Thermo Fisher Scientific, Inc.(a) | 60 | 26,491 | ||||||
106,436 | ||||||||
Machinery - 1.3% | ||||||||
Cummins, Inc.(a) | 124 | 26,184 | ||||||
Nordson Corp.(a) | 140 | 26,855 | ||||||
PACCAR, Inc.(a) | 300 | 25,584 | ||||||
78,623 | ||||||||
Media - 1.3% | ||||||||
Cable One, Inc.(a) | 16 | 30,167 | ||||||
Charter Communications, Inc., Class A*(a) | 44 | 27,471 | ||||||
Liberty Broadband Corp., Class C*(a) | 184 | 26,288 | ||||||
83,926 | ||||||||
Metals & Mining - 0.8% | ||||||||
Freeport-McMoRan, Inc.(a) | 1,748 | 27,339 | ||||||
Newmont Corp.(a) | 400 | 25,380 | ||||||
52,719 | ||||||||
Multiline Retail - 0.9% | ||||||||
Dollar General Corp.(a) | 128 | 26,832 | ||||||
Target Corp.(a) | 172 | 27,076 | ||||||
53,908 | ||||||||
Multi-Utilities - 1.3% | ||||||||
Ameren Corp.(a) | 336 | 26,571 | ||||||
Dominion Energy, Inc.(a) | 336 | 26,521 | ||||||
WEC Energy Group, Inc.(a) | 288 | 27,907 | ||||||
80,999 | ||||||||
Oil, Gas & Consumable Fuels - 2.2% | ||||||||
Cabot Oil & Gas Corp.(a) | 1,404 | 24,374 | ||||||
Cheniere Energy, Inc.*(a) | 516 | 23,875 | ||||||
EQT Corp.(a) | 1,672 | 21,619 | ||||||
Equitrans Midstream Corp.(a) | 2,496 | 21,116 | ||||||
Hess Corp.(a) | 556 | 22,757 | ||||||
Williams Cos., Inc. (The)(a) | 1,244 | 24,445 | ||||||
138,186 | ||||||||
Paper & Forest Products - 0.4% | ||||||||
Louisiana-Pacific Corp.(a) | 800 | 23,608 | ||||||
Pharmaceuticals - 0.9% | ||||||||
Catalent, Inc.*(a) | 296 | 25,355 | ||||||
Horizon Therapeutics plc*(a) | 360 | 27,965 | ||||||
53,320 | ||||||||
Professional Services - 1.3% | ||||||||
CoreLogic, Inc.(a) | 396 | 26,798 | ||||||
CoStar Group, Inc.*(a) | 32 | 27,152 | ||||||
IHS Markit Ltd.(a) | 328 | 25,751 | ||||||
79,701 | ||||||||
Road & Rail - 1.5% | ||||||||
JB Hunt Transport Services, Inc.(a) | 184 | 23,254 | ||||||
Kansas City Southern(a) | 144 | 26,040 | ||||||
Knight-Swift Transportation Holdings, Inc.(a) | 564 | 22,955 | ||||||
Old Dominion Freight Line, Inc.(a) | 132 | 23,881 | ||||||
96,130 | ||||||||
Semiconductors & Semiconductor Equipment - 4.1% | ||||||||
Advanced Micro Devices, Inc.*(a) | 304 | 24,925 | ||||||
Applied Materials, Inc.(a) | 412 | 24,493 | ||||||
Entegris, Inc.(a) | 376 | 27,952 | ||||||
KLA Corp.(a) | 124 | 24,024 | ||||||
Lam Research Corp.(a) | 76 | 25,213 | ||||||
Monolithic Power Systems, Inc.(a) | 96 | 26,843 | ||||||
NVIDIA Corp.(a) | 52 | 28,143 | ||||||
Qorvo, Inc.*(a) | 200 | 25,802 | ||||||
Skyworks Solutions, Inc.(a) | 184 | 26,772 | ||||||
Teradyne, Inc.(a) | 292 | 23,202 | ||||||
257,369 | ||||||||
Software - 6.0% | ||||||||
Avalara, Inc.*(a) | 204 | 25,977 | ||||||
Ceridian HCM Holding, Inc.*(a) | 344 | 28,432 | ||||||
Coupa Software, Inc.*(a) | 80 | 21,939 | ||||||
DocuSign, Inc.*(a) | 124 | 26,690 | ||||||
Fortinet, Inc.*(a) | 188 | 22,148 | ||||||
NortonLifeLock, Inc.(a) | 1,084 | 22,590 | ||||||
Nuance Communications, Inc.*(a) | 872 | 28,942 | ||||||
Pegasystems, Inc.(a) | 200 | 24,208 | ||||||
RingCentral, Inc., Class A*(a) | 96 | 26,362 | ||||||
ServiceNow, Inc.*(a) | 52 | 25,220 | ||||||
Synopsys, Inc.*(a) | 120 | 25,678 | ||||||
Trade Desk, Inc. (The), Class A*(a) | 56 | 29,052 | ||||||
Zoom Video Communications, Inc., Class A* | 88 | 41,370 | ||||||
Zscaler, Inc.* | 188 | 26,450 | ||||||
375,058 | ||||||||
Specialty Retail - 2.5% | ||||||||
Best Buy Co., Inc.(a) | 232 | 25,819 | ||||||
Carvana Co.*(a) | 128 | 28,551 | ||||||
Floor & Decor Holdings, Inc., Class A*(a) | 356 | 26,629 | ||||||
Lithia Motors, Inc., Class A(a) | 104 | 23,706 | ||||||
Murphy USA, Inc.*(a) | 192 | 24,628 | ||||||
Williams-Sonoma, Inc.(a) | 264 | 23,876 | ||||||
153,209 | ||||||||
Technology Hardware, Storage & Peripherals - 0.4% | ||||||||
Apple, Inc.(a) | 208 | 24,088 | ||||||
Textiles, Apparel & Luxury Goods - 0.8% | ||||||||
Deckers Outdoor Corp.*(a) | 124 | 27,281 | ||||||
Lululemon Athletica, Inc.*(a) | 68 | 22,397 | ||||||
49,678 | ||||||||
Trading Companies & Distributors - 1.6% | ||||||||
Fastenal Co.(a) | 544 | 24,529 | ||||||
SiteOne Landscape Supply, Inc.*(a) | 212 | 25,853 | ||||||
United Rentals, Inc.*(a) | 148 | 25,826 | ||||||
Watsco, Inc.(a) | 108 | 25,152 | ||||||
101,360 |
AGF Investments Trust
AGFiQ U.S. Market Neutral Momentum Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Water Utilities - 0.8% | ||||||||
American Water Works Co., Inc.(a) | 188 | 27,237 | ||||||
Essential Utilities, Inc. | 608 | 24,472 | ||||||
51,709 | ||||||||
Wireless Telecommunication Services - 0.4% | ||||||||
T-Mobile US, Inc.*(a) | 224 | 25,617 | ||||||
TOTAL COMMON STOCKS (Cost $4,247,889) | 5,182,327 | |||||||
TOTAL LONG POSITIONS (Cost $4,247,889) | 5,182,327 | |||||||
SHORT POSITIONS - (85.2)% | ||||||||
COMMON STOCKS - (85.2)% | ||||||||
Aerospace & Defense - (2.5)% | ||||||||
Boeing Co. (The) | (160 | ) | (26,442 | ) | ||||
HEICO Corp. | (256 | ) | (26,793 | ) | ||||
Hexcel Corp. | (696 | ) | (23,351 | ) | ||||
Howmet Aerospace, Inc. | (1,592 | ) | (26,618 | ) | ||||
Spirit AeroSystems Holdings, Inc., Class A | (1,344 | ) | (25,415 | ) | ||||
Textron, Inc. | (704 | ) | (25,407 | ) | ||||
(154,026 | ) | |||||||
Airlines - (2.7)% | ||||||||
Alaska Air Group, Inc. | (744 | ) | (27,253 | ) | ||||
American Airlines Group, Inc. | (2,140 | ) | (26,301 | ) | ||||
Delta Air Lines, Inc. | (912 | ) | (27,889 | ) | ||||
JetBlue Airways Corp.* | (2,456 | ) | (27,826 | ) | ||||
Southwest Airlines Co. | (752 | ) | (28,200 | ) | ||||
United Airlines Holdings, Inc.* | (800 | ) | (27,800 | ) | ||||
(165,269 | ) | |||||||
Auto Components - (0.3)% | ||||||||
Goodyear Tire & Rubber Co. (The) | (2,792 | ) | (21,415 | ) | ||||
Automobiles - (0.4)% | ||||||||
Ford Motor Co. | (4,012 | ) | (26,720 | ) | ||||
Banks - (6.1)% | ||||||||
Associated Banc-Corp. | (1,972 | ) | (24,887 | ) | ||||
BankUnited, Inc. | (1,112 | ) | (24,364 | ) | ||||
CIT Group, Inc. | (1,392 | ) | (24,652 | ) | ||||
Comerica, Inc. | (696 | ) | (26,622 | ) | ||||
First Horizon National Corp. | (2,876 | ) | (27,121 | ) | ||||
Hancock Whitney Corp. | (1,396 | ) | (26,259 | ) | ||||
M&T Bank Corp. | (260 | ) | (23,943 | ) | ||||
PacWest Bancorp | (1,444 | ) | (24,663 | ) | ||||
Sterling Bancorp | (2,236 | ) | (23,523 | ) | ||||
Synovus Financial Corp. | (1,268 | ) | (26,844 | ) | ||||
TCF Financial Corp. | (1,032 | ) | (24,107 | ) | ||||
Umpqua Holdings Corp. | (2,416 | ) | (25,658 | ) | ||||
Webster Financial Corp. | (960 | ) | (25,354 | ) | ||||
Wells Fargo & Co. | (1,140 | ) | (26,801 | ) | ||||
Wintrust Financial Corp. | (644 | ) | (25,792 | ) | ||||
(380,590 | ) | |||||||
Beverages - (0.9)% | ||||||||
Constellation Brands, Inc., Class A | (152 | ) | (28,805 | ) | ||||
Molson Coors Beverage Co., Class B | (732 | ) | (24,566 | ) | ||||
(53,371 | ) | |||||||
Biotechnology - (4.3)% | ||||||||
Agios Pharmaceuticals, Inc.* | (708 | ) | (24,780 | ) | ||||
Alexion Pharmaceuticals, Inc.* | (264 | ) | (30,209 | ) | ||||
Alkermes plc* | (1,724 | ) | (28,567 | ) | ||||
Bluebird Bio, Inc.* | (484 | ) | (26,112 | ) | ||||
Blueprint Medicines Corp.* | (372 | ) | (34,484 | ) | ||||
Exact Sciences Corp.* | (360 | ) | (36,702 | ) | ||||
FibroGen, Inc.* | (660 | ) | (27,139 | ) | ||||
Ionis Pharmaceuticals, Inc.* | (524 | ) | (24,864 | ) | ||||
Sage Therapeutics, Inc.* | (580 | ) | (35,450 | ) | ||||
(268,307 | ) | |||||||
Building Products - (0.4)% | ||||||||
Armstrong World Industries, Inc. | (368 | ) | (25,322 | ) | ||||
Capital Markets - (0.5)% | ||||||||
Invesco Ltd. | (2,588 | ) | (29,529 | ) | ||||
Chemicals - (3.3)% | ||||||||
Axalta Coating Systems Ltd.* | (1,148 | ) | (25,451 | ) | ||||
CF Industries Holdings, Inc. | (816 | ) | (25,059 | ) | ||||
DuPont de Nemours, Inc. | (480 | ) | (26,631 | ) | ||||
Ingevity Corp.* | (480 | ) | (23,731 | ) | ||||
Mosaic Co. (The) | (1,480 | ) | (27,040 | ) | ||||
NewMarket Corp. | (72 | ) | (24,647 | ) | ||||
Olin Corp. | (2,284 | ) | (28,276 | ) | ||||
W R Grace & Co. | (652 | ) | (26,269 | ) | ||||
(207,104 | ) | |||||||
Commercial Services & Supplies - (0.4)% | ||||||||
Deluxe Corp. | (940 | ) | (24,186 | ) | ||||
Communications Equipment - (2.0)% | ||||||||
Arista Networks, Inc.* | (120 | ) | (24,832 | ) | ||||
Cisco Systems, Inc. | (648 | ) | (25,525 | ) | ||||
CommScope Holding Co., Inc.* | (2,712 | ) | (24,408 | ) | ||||
Motorola Solutions, Inc. | (180 | ) | (28,226 | ) | ||||
ViaSat, Inc.* | (660 | ) | (22,697 | ) | ||||
(125,688 | ) | |||||||
Construction & Engineering - (0.8)% | ||||||||
Fluor Corp. | (2,892 | ) | (25,479 | ) | ||||
MasTec, Inc.* | (600 | ) | (25,320 | ) | ||||
(50,799 | ) | |||||||
Construction Materials - (0.5)% | ||||||||
Martin Marietta Materials, Inc. | (132 | ) | (31,068 | ) |
AGF Investments Trust
AGFiQ U.S. Market Neutral Momentum Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Consumer Finance - (1.9)% | ||||||||
Ally Financial, Inc. | (1,228 | ) | (30,786 | ) | ||||
Discover Financial Services | (532 | ) | (30,739 | ) | ||||
FirstCash, Inc. | (448 | ) | (25,630 | ) | ||||
Synchrony Financial | (1,120 | ) | (29,310 | ) | ||||
(116,465 | ) | |||||||
Diversified Consumer Services - (1.3)% | ||||||||
Grand Canyon Education, Inc.* | (300 | ) | (23,982 | ) | ||||
H&R Block, Inc. | (1,920 | ) | (31,277 | ) | ||||
ServiceMaster Global Holdings, Inc.* | (688 | ) | (27,437 | ) | ||||
(82,696 | ) | |||||||
Diversified Telecommunication Services - (0.4)% | ||||||||
Liberty Latin America Ltd., Class C* | (2,876 | ) | (23,411 | ) | ||||
Electric Utilities - (2.2)% | ||||||||
ALLETE, Inc. | (516 | ) | (26,698 | ) | ||||
Edison International | (536 | ) | (27,250 | ) | ||||
FirstEnergy Corp. | (976 | ) | (28,021 | ) | ||||
OGE Energy Corp. | (876 | ) | (26,271 | ) | ||||
Portland General Electric Co. | (736 | ) | (26,128 | ) | ||||
(134,368 | ) | |||||||
Electrical Equipment - (0.4)% | ||||||||
Acuity Brands, Inc. | (248 | ) | (25,383 | ) | ||||
Electronic Equipment, Instruments & Components - (1.7)% | ||||||||
Avnet, Inc. | (1,020 | ) | (26,357 | ) | ||||
Coherent, Inc.* | (244 | ) | (27,067 | ) | ||||
FLIR Systems, Inc. | (760 | ) | (27,246 | ) | ||||
National Instruments Corp. | (760 | ) | (27,132 | ) | ||||
(107,802 | ) | |||||||
Energy Equipment & Services - (0.8)% | ||||||||
Helmerich & Payne, Inc. | (1,652 | ) | (24,202 | ) | ||||
TechnipFMC plc | (3,760 | ) | (23,725 | ) | ||||
(47,927 | ) | |||||||
Entertainment - (1.2)% | ||||||||
Cinemark Holdings, Inc. | (2,084 | ) | (20,840 | ) | ||||
Live Nation Entertainment, Inc.* | (520 | ) | (28,018 | ) | ||||
World Wrestling Entertainment, Inc., Class A | (596 | ) | (24,120 | ) | ||||
(72,978 | ) | |||||||
Equity Real Estate Investment Trusts (REITs) - (6.8)% | ||||||||
Apple Hospitality REIT, Inc. | (2,724 | ) | (26,178 | ) | ||||
EPR Properties | (868 | ) | (23,870 | ) | ||||
Federal Realty Investment Trust | (344 | ) | (25,263 | ) | ||||
Kimco Realty Corp. | (2,364 | ) | (26,619 | ) | ||||
Paramount Group, Inc. | (3,684 | ) | (26,083 | ) | ||||
Park Hotels & Resorts, Inc. | (3,004 | ) | (30,010 | ) | ||||
Pebblebrook Hotel Trust | (2,192 | ) | (27,466 | ) | ||||
Regency Centers Corp. | (684 | ) | (26,006 | ) | ||||
RLJ Lodging Trust | (2,920 | ) | (25,287 | ) | ||||
Service Properties Trust | (3,356 | ) | (26,680 | ) | ||||
Simon Property Group, Inc. | (412 | ) | (26,648 | ) | ||||
SL Green Realty Corp. | (580 | ) | (26,894 | ) | ||||
Sunstone Hotel Investors, Inc. | (3,416 | ) | (27,123 | ) | ||||
Ventas, Inc. | (676 | ) | (28,365 | ) | ||||
Vornado Realty Trust | (752 | ) | (25,350 | ) | ||||
Welltower, Inc. | (492 | ) | (27,104 | ) | ||||
(424,946 | ) | |||||||
Food & Staples Retailing - (1.8)% | ||||||||
Performance Food Group Co.* | (828 | ) | (28,665 | ) | ||||
Sysco Corp. | (476 | ) | (29,617 | ) | ||||
US Foods Holding Corp.* | (1,204 | ) | (26,753 | ) | ||||
Walgreens Boots Alliance, Inc. | (708 | ) | (25,431 | ) | ||||
(110,466 | ) | |||||||
Food Products - (1.7)% | ||||||||
Bunge Ltd. | (588 | ) | (26,872 | ) | ||||
Post Holdings, Inc.* | (316 | ) | (27,176 | ) | ||||
TreeHouse Foods, Inc.* | (636 | ) | (25,777 | ) | ||||
Tyson Foods, Inc., Class A | (432 | ) | (25,695 | ) | ||||
(105,520 | ) | |||||||
Gas Utilities - (1.6)% | ||||||||
New Jersey Resources Corp. | (912 | ) | (24,642 | ) | ||||
South Jersey Industries, Inc. | (1,240 | ) | (23,895 | ) | ||||
Spire, Inc. | (476 | ) | (25,323 | ) | ||||
UGI Corp. | (820 | ) | (27,044 | ) | ||||
(100,904 | ) | |||||||
Health Care Equipment & Supplies - (3.5)% | ||||||||
Cooper Cos., Inc. (The) | (88 | ) | (29,667 | ) | ||||
DENTSPLY SIRONA, Inc. | (628 | ) | (27,462 | ) | ||||
Haemonetics Corp.* | (316 | ) | (27,571 | ) | ||||
Hill-Rom Holdings, Inc. | (292 | ) | (24,385 | ) | ||||
Integra LifeSciences Holdings Corp.* | (584 | ) | (27,576 | ) | ||||
LivaNova plc* | (596 | ) | (26,945 | ) | ||||
NuVasive, Inc.* | (536 | ) | (26,034 | ) | ||||
Stryker Corp. | (144 | ) | (30,005 | ) | ||||
(219,645 | ) | |||||||
Health Care Providers & Services - (1.2)% | ||||||||
HealthEquity, Inc.* | (508 | ) | (26,096 | ) | ||||
MEDNAX, Inc.* | (1,488 | ) | (24,225 | ) | ||||
Universal Health Services, Inc., Class B | (252 | ) | (26,969 | ) | ||||
(77,290 | ) | |||||||
Hotels, Restaurants & Leisure - (3.2)% | ||||||||
Aramark | (1,100 | ) | (29,095 | ) | ||||
Carnival Corp. | (1,792 | ) | (27,202 | ) | ||||
Darden Restaurants, Inc. | (332 | ) | (33,446 | ) | ||||
Norwegian Cruise Line Holdings Ltd.* | (1,792 | ) | (30,661 | ) | ||||
Royal Caribbean Cruises Ltd. | (436 | ) | (28,222 | ) | ||||
Six Flags Entertainment Corp. | (1,336 | ) | (27,121 | ) | ||||
Wynn Resorts Ltd. | (327 | ) | (23,482 | ) | ||||
(199,229 | ) | |||||||
Household Durables - (0.5)% | ||||||||
Mohawk Industries, Inc.* | (300 | ) | (29,277 | ) |
AGF Investments Trust
AGFiQ U.S. Market Neutral Momentum Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Industrial Conglomerates - (0.4)% | ||||||||
General Electric Co. | (4,200 | ) | (26,166 | ) | ||||
Insurance - (2.5)% | ||||||||
American Financial Group, Inc. | (412 | ) | (27,596 | ) | ||||
American International Group, Inc. | (908 | ) | (24,997 | ) | ||||
Cincinnati Financial Corp. | (348 | ) | (27,133 | ) | ||||
Lincoln National Corp. | (760 | ) | (23,811 | ) | ||||
Reinsurance Group of America, Inc. | (304 | ) | (28,938 | ) | ||||
Unum Group | (1,488 | ) | (25,043 | ) | ||||
(157,518 | ) | |||||||
Interactive Media & Services - (0.4)% | ||||||||
TripAdvisor, Inc. | (1,192 | ) | (23,351 | ) | ||||
Internet & Direct Marketing Retail - (0.4)% | ||||||||
Expedia Group, Inc. | (288 | ) | (26,407 | ) | ||||
IT Services - (3.3)% | ||||||||
Alliance Data Systems Corp. | (608 | ) | (25,524 | ) | ||||
Automatic Data Processing, Inc. | (196 | ) | (27,340 | ) | ||||
DXC Technology Co. | (1,408 | ) | (25,133 | ) | ||||
Euronet Worldwide, Inc.* | (264 | ) | (24,050 | ) | ||||
FleetCor Technologies, Inc.* | (112 | ) | (26,667 | ) | ||||
Perspecta, Inc. | (1,296 | ) | (25,207 | ) | ||||
Sabre Corp. | (3,872 | ) | (25,207 | ) | ||||
WEX, Inc.* | (172 | ) | (23,903 | ) | ||||
(203,031 | ) | |||||||
Leisure Products - (0.5)% | ||||||||
Hasbro, Inc. | (344 | ) | (28,456 | ) | ||||
Machinery - (1.6)% | ||||||||
Crane Co. | (472 | ) | (23,661 | ) | ||||
Flowserve Corp. | (928 | ) | (25,325 | ) | ||||
Middleby Corp. (The)* | (288 | ) | (25,837 | ) | ||||
Woodward, Inc. | (328 | ) | (26,292 | ) | ||||
(101,115 | ) | |||||||
Marine - (0.4)% | ||||||||
Kirby Corp.* | (636 | ) | (23,004 | ) | ||||
Media - (1.7)% | ||||||||
Discovery, Inc., Class C* | (1,332 | ) | (26,107 | ) | ||||
Omnicom Group, Inc. | (508 | ) | (25,146 | ) | ||||
TEGNA, Inc. | (2,152 | ) | (25,286 | ) | ||||
ViacomCBS, Inc. | (980 | ) | (27,450 | ) | ||||
(103,989 | ) | |||||||
Metals & Mining - (0.7)% | ||||||||
Alcoa Corp.* | (1,816 | ) | (21,120 | ) | ||||
United States Steel Corp. | (3,476 | ) | (25,514 | ) | ||||
(46,634 | ) | |||||||
Mortgage Real Estate Investment Trusts (REITs) - (0.9)% | ||||||||
Chimera Investment Corp. | (3,056 | ) | (25,059 | ) | ||||
New Residential Investment Corp. | (3,536 | ) | (28,111 | ) | ||||
(53,170 | ) | |||||||
Multiline Retail - (0.7)% | ||||||||
Kohl's Corp. | (1,320 | ) | (24,459 | ) | ||||
Nordstrom, Inc. | (1,864 | ) | (22,219 | ) | ||||
(46,678 | ) | |||||||
Multi-Utilities - (0.4)% | ||||||||
CenterPoint Energy, Inc. | (1,392 | ) | (26,935 | ) | ||||
Oil, Gas & Consumable Fuels - (1.8)% | ||||||||
Diamondback Energy, Inc. | (696 | ) | (20,964 | ) | ||||
Marathon Oil Corp. | (5,036 | ) | (20,597 | ) | ||||
Occidental Petroleum Corp. | (2,108 | ) | (21,101 | ) | ||||
ONEOK, Inc. | (1,032 | ) | (26,811 | ) | ||||
Ovintiv, Inc. | (2,436 | ) | (19,878 | ) | ||||
(109,351 | ) | |||||||
Pharmaceuticals - (1.3)% | ||||||||
Elanco Animal Health, Inc.* | (972 | ) | (27,148 | ) | ||||
Jazz Pharmaceuticals plc* | (220 | ) | (31,370 | ) | ||||
Mylan NV* | (1,676 | ) | (24,855 | ) | ||||
(83,373 | ) | |||||||
Professional Services - (0.8)% | ||||||||
Insperity, Inc. | (404 | ) | (26,458 | ) | ||||
Nielsen Holdings plc | (1,804 | ) | (25,581 | ) | ||||
(52,039 | ) | |||||||
Real Estate Management & Development - (0.4)% | ||||||||
Howard Hughes Corp. (The)* | (476 | ) | (27,418 | ) | ||||
Road & Rail - (0.9)% | ||||||||
Lyft, Inc., Class A* | (928 | ) | (25,567 | ) | ||||
Ryder System, Inc. | (664 | ) | (28,047 | ) | ||||
(53,614 | ) | |||||||
Semiconductors & Semiconductor Equipment - (0.9)% | ||||||||
Universal Display Corp. | (152 | ) | (27,473 | ) | ||||
Xilinx, Inc. | (260 | ) | (27,102 | ) | ||||
(54,575 | ) | |||||||
Software - (3.0)% | ||||||||
Alteryx, Inc., Class A* | (228 | ) | (25,889 | ) | ||||
Anaplan, Inc.* | (472 | ) | (29,538 | ) | ||||
Blackbaud, Inc. | (424 | ) | (23,672 | ) | ||||
J2 Global, Inc.* | (368 | ) | (25,473 | ) | ||||
Teradata Corp.* | (1,112 | ) | (25,242 | ) | ||||
Verint Systems, Inc.* | (608 | ) | (29,293 | ) | ||||
VMware, Inc., Class A* | (192 | ) | (27,585 | ) | ||||
(186,692 | ) | |||||||
Specialty Retail - (1.5)% | ||||||||
American Eagle Outfitters, Inc. | (2,400 | ) | (35,544 | ) | ||||
Foot Locker, Inc. | (940 | ) | (31,048 | ) | ||||
Ulta Beauty, Inc.* | (124 | ) | (27,774 | ) | ||||
(94,366 | ) | |||||||
Technology Hardware, Storage & Peripherals - (2.7)% | ||||||||
Hewlett Packard Enterprise Co. | (2,900 | ) | (27,173 | ) | ||||
HP, Inc. | (1,492 | ) | (28,333 | ) | ||||
NCR Corp.* | (1,332 | ) | (29,491 | ) | ||||
NetApp, Inc. | (624 | ) | (27,356 | ) | ||||
Western Digital Corp. | (800 | ) | (29,240 | ) |
AGF Investments Trust
AGFiQ U.S. Market Neutral Momentum Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Xerox Holdings Corp. | (1,456 | ) | (27,329 | ) | ||||
(168,922 | ) | |||||||
Textiles, Apparel & Luxury Goods - (1.9)% | ||||||||
Capri Holdings Ltd.* | (1,704 | ) | (30,672 | ) | ||||
PVH Corp. | (516 | ) | (30,774 | ) | ||||
Tapestry, Inc. | (1,844 | ) | (28,822 | ) | ||||
Under Armour, Inc., Class A* | (2,768 | ) | (31,085 | ) | ||||
(121,353 | ) | |||||||
Thrifts & Mortgage Finance - (0.4)% | ||||||||
MGIC Investment Corp. | (3,104 | ) | (27,501 | ) | ||||
Trading Companies & Distributors - (0.4)% | ||||||||
Air Lease Corp. | (916 | ) | (26,949 | ) | ||||
TOTAL COMMON STOCKS (Proceeds $(5,405,155)) | (5,314,308 | ) | ||||||
TOTAL SHORT POSITIONS (Proceeds $(5,405,155)) | (5,314,308 | ) | ||||||
Total Investments - (2.1)% (Cost $(1,157,266)) | (131,981 | ) | ||||||
Other assets less liabilities - 102.1% | 6,371,515 | |||||||
Net Assets - 100.0% | 6,239,534 |
* | Non-income producing security. |
(a) | All or a portion of this security is segregated in connection with obligations for securities sold short with a total value of $4,927,460. |
OTC Total return swap contracts outstanding as of September 30, 2020
Notional Amount | Termination | Counterparty | Rate Paid | Payment Frequency | Underlying | Value and Unrealized Appreciation/ (Depreciation) ($) | |||||||||||||
USD | 562,169 | 9/30/2021 | Morgan Stanley | 0.65 | % | Monthly | Dow Jones U.S. High Momentum Total Return Index(4) | 209,499 | |||||||||||
USD | (388,677 | ) | 9/30/2021 | Morgan Stanley | (0.25 | )% | Monthly | Dow Jones U.S. Low Momentum Total Return Index(5) | (62,586 | ) | |||||||||
146,913 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of September 30, 2020, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. Payments may be made at the conclusion of the agreement or periodically during its term. |
(3) | The 50 largest components of the referenced underlying Swap Index can be found at https://www.agf.com/us/resources |
(4) | The Dow Jones U.S. High Momentum Total Return Index (DJTLMOT) is designed to measure the performance of 200 companies ranked as having the highest momentum. Momentum is calculated by ranking stocks by their 12-month historical total return, starting one month prior to reconstitution. Dividends are reinvested. |
(5) | The Dow Jones U.S. Low Momentum Total Return Index (DJTSMOT) is designed to measure the performance of 200 companies ranked as having the lowest momentum. Momentum is calculated by ranking stocks by their 12-month historical total return, starting one month prior to reconstitution. Dividends are reinvested. |
Abbreviations
USD | US Dollar |
AGF Investments Trust
AGFiQ U.S. Market Neutral Value Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
LONG POSITIONS - 89.6% | ||||||||
COMMON STOCKS - 89.5% | ||||||||
Aerospace & Defense - 1.3% | ||||||||
Huntington Ingalls Industries, Inc.(a) | 20 | 2,815 | ||||||
Raytheon Technologies Corp.(a) | 51 | 2,935 | ||||||
Textron, Inc.(a) | 79 | 2,851 | ||||||
8,601 | ||||||||
Auto Components - 1.6% | ||||||||
BorgWarner, Inc.(a) | 74 | 2,867 | ||||||
Dana, Inc.(a) | 221 | 2,723 | ||||||
Goodyear Tire & Rubber Co. (The)(a) | 313 | 2,400 | ||||||
Lear Corp.(a) | 26 | 2,835 | ||||||
10,825 | ||||||||
Automobiles - 1.3% | ||||||||
Ford Motor Co.(a) | 449 | 2,990 | ||||||
General Motors Co.(a) | 104 | 3,078 | ||||||
Harley-Davidson, Inc.(a) | 109 | 2,675 | ||||||
8,743 | ||||||||
Banks - 3.1% | ||||||||
First Horizon National Corp.(a) | 355 | 3,347 | ||||||
FNB Corp.(a) | 450 | 3,051 | ||||||
Hancock Whitney Corp.(a) | 154 | 2,897 | ||||||
Pinnacle Financial Partners, Inc.(a) | 83 | 2,954 | ||||||
Popular, Inc.(a) | 85 | 3,083 | ||||||
Sterling Bancorp(a) | 271 | 2,851 | ||||||
Valley National Bancorp(a) | 421 | 2,884 | ||||||
21,067 | ||||||||
Beverages - 0.4% | ||||||||
Molson Coors Beverage Co., Class B(a) | 89 | 2,987 | ||||||
Biotechnology - 1.8% | ||||||||
Alexion Pharmaceuticals, Inc.*(a) | 29 | 3,318 | ||||||
Biogen, Inc.*(a) | 11 | 3,121 | ||||||
Gilead Sciences, Inc.(a) | 44 | 2,780 | ||||||
United Therapeutics Corp.*(a) | 29 | 2,929 | ||||||
12,148 | ||||||||
Building Products - 0.4% | ||||||||
Owens Corning(a) | 44 | 3,028 | ||||||
Capital Markets - 0.5% | ||||||||
Invesco Ltd.(a) | 290 | 3,309 | ||||||
Chemicals - 2.4% | ||||||||
Avient Corp.(a) | 135 | 3,572 | ||||||
Eastman Chemical Co.(a) | 49 | 3,828 | ||||||
Element Solutions, Inc.*(a) | 283 | 2,974 | ||||||
LyondellBasell Industries NV, Class A(a) | 44 | 3,102 | ||||||
Mosaic Co. (The)(a) | 166 | 3,033 | ||||||
16,509 | ||||||||
Commercial Services & Supplies - 0.4% | ||||||||
KAR Auction Services, Inc.(a) | 173 | 2,491 | ||||||
Communications Equipment - 1.7% | ||||||||
CommScope Holding Co., Inc.*(a) | 329 | 2,961 | ||||||
F5 Networks, Inc.*(a) | 23 | 2,824 | ||||||
Juniper Networks, Inc.(a) | 139 | 2,988 | ||||||
ViaSat, Inc.* | 80 | 2,751 | ||||||
11,524 | ||||||||
Construction & Engineering - 2.2% | ||||||||
AECOM*(a) | 80 | 3,347 | ||||||
EMCOR Group, Inc.(a) | 42 | 2,844 | ||||||
MasTec, Inc.*(a) | 67 | 2,827 | ||||||
Quanta Services, Inc.(a) | 60 | 3,172 | ||||||
Valmont Industries, Inc.(a) | 24 | 2,980 | ||||||
15,170 | ||||||||
Consumer Finance - 0.9% | ||||||||
Ally Financial, Inc.(a) | 137 | 3,435 | ||||||
Navient Corp.(a) | 350 | 2,957 | ||||||
6,392 | ||||||||
Containers & Packaging - 1.5% | ||||||||
Berry Global Group, Inc.*(a) | 59 | 2,851 | ||||||
International Paper Co.(a) | 98 | 3,973 | ||||||
Westrock Co. | 100 | 3,474 | ||||||
10,298 | ||||||||
Distributors - 0.4% | ||||||||
LKQ Corp.*(a) | 96 | 2,662 | ||||||
Diversified Financial Services - 0.8% | ||||||||
Equitable Holdings, Inc.(a) | 145 | 2,645 | ||||||
Voya Financial, Inc.(a) | 59 | 2,828 | ||||||
5,473 | ||||||||
Diversified Telecommunication Services - 0.9% | ||||||||
AT&T, Inc.(a) | 109 | 3,108 | ||||||
CenturyLink, Inc.(a) | 273 | 2,754 | ||||||
5,862 | ||||||||
Electric Utilities - 0.9% | ||||||||
Exelon Corp.(a) | 87 | 3,111 | ||||||
PPL Corp.(a) | 119 | 3,238 | ||||||
6,349 | ||||||||
Electrical Equipment - 1.3% | ||||||||
Acuity Brands, Inc.(a) | 28 | 2,866 | ||||||
nVent Electric plc(a) | 184 | 3,255 | ||||||
Regal Beloit Corp.(a) | 31 | 2,910 | ||||||
9,031 | ||||||||
Electronic Equipment, Instruments & Components - 2.8% | ||||||||
Arrow Electronics, Inc.*(a) | 40 | 3,146 | ||||||
Avnet, Inc.(a) | 124 | 3,204 | ||||||
Corning, Inc.(a) | 93 | 3,014 |
AGF Investments Trust
AGFiQ U.S. Market Neutral Value Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Jabil, Inc.(a) | 89 | 3,049 | ||||||
SYNNEX Corp.(a) | 24 | 3,362 | ||||||
Vishay Intertechnology, Inc. | 207 | 3,223 | ||||||
18,998 | ||||||||
Energy Equipment & Services - 0.4% | ||||||||
TechnipFMC plc(a) | 456 | 2,877 | ||||||
Equity Real Estate Investment Trusts (REITs) - 6.8% | ||||||||
Brixmor Property Group, Inc.(a) | 296 | 3,460 | ||||||
Corporate Office Properties Trust(a) | 123 | 2,918 | ||||||
EPR Properties(a) | 105 | 2,887 | ||||||
Kimco Realty Corp.(a) | 296 | 3,333 | ||||||
National Health Investors, Inc.(a) | 50 | 3,013 | ||||||
National Retail Properties, Inc.(a) | 87 | 3,002 | ||||||
Omega Healthcare Investors, Inc.(a) | 101 | 3,024 | ||||||
Paramount Group, Inc.(a) | 428 | 3,030 | ||||||
Sabra Health Care REIT, Inc.(a) | 209 | 2,881 | ||||||
Simon Property Group, Inc.(a) | 46 | 2,975 | ||||||
Spirit Realty Capital, Inc.(a) | 86 | 2,903 | ||||||
STORE Capital Corp.(a) | 116 | 3,182 | ||||||
Sunstone Hotel Investors, Inc.(a) | 382 | 3,033 | ||||||
VICI Properties, Inc.(a) | 134 | 3,132 | ||||||
Weingarten Realty Investors | 185 | 3,138 | ||||||
45,911 | ||||||||
Food & Staples Retailing - 0.8% | ||||||||
Kroger Co. (The)(a) | 84 | 2,848 | ||||||
Walgreens Boots Alliance, Inc. | 80 | 2,874 | ||||||
5,722 | ||||||||
Food Products - 2.5% | ||||||||
Conagra Brands, Inc.(a) | 79 | 2,821 | ||||||
Ingredion, Inc.(a) | 40 | 3,027 | ||||||
J M Smucker Co. (The)(a) | 25 | 2,888 | ||||||
Kraft Heinz Co. (The)(a) | 87 | 2,606 | ||||||
TreeHouse Foods, Inc.*(a) | 63 | 2,553 | ||||||
Tyson Foods, Inc., Class A(a) | 55 | 3,272 | ||||||
17,167 | ||||||||
Gas Utilities - 1.8% | ||||||||
National Fuel Gas Co.(a) | 69 | 2,801 | ||||||
Southwest Gas Holdings, Inc.(a) | 49 | 3,092 | ||||||
Spire, Inc.(a) | 53 | 2,819 | ||||||
UGI Corp.(a) | 107 | 3,529 | ||||||
12,241 | ||||||||
Health Care Providers & Services - 6.9% | ||||||||
Acadia Healthcare Co., Inc.*(a) | 118 | 3,479 | ||||||
AmerisourceBergen Corp.(a) | 35 | 3,392 | ||||||
Anthem, Inc.(a) | 12 | 3,223 | ||||||
Cardinal Health, Inc.(a) | 61 | 2,864 | ||||||
Centene Corp.*(a) | 50 | 2,916 | ||||||
Cigna Corp.(a) | 17 | 2,880 | ||||||
CVS Health Corp.(a) | 51 | 2,978 | ||||||
DaVita, Inc.*(a) | 35 | 2,998 | ||||||
HCA Healthcare, Inc.(a) | 23 | 2,868 | ||||||
Laboratory Corp. of America Holdings*(a) | 19 | 3,577 | ||||||
McKesson Corp.(a) | 21 | 3,128 | ||||||
MEDNAX, Inc.*(a) | 166 | 2,702 | ||||||
Premier, Inc., Class A(a) | 96 | 3,152 | ||||||
Quest Diagnostics, Inc.(a) | 29 | 3,320 | ||||||
Universal Health Services, Inc., Class B(a) | 32 | 3,425 | ||||||
46,902 | ||||||||
Household Durables - 2.0% | ||||||||
Lennar Corp., Class A(a) | 40 | 3,267 | ||||||
Mohawk Industries, Inc.*(a) | 37 | 3,611 | ||||||
Newell Brands, Inc.(a) | 192 | 3,295 | ||||||
PulteGroup, Inc.(a) | 66 | 3,055 | ||||||
13,228 | ||||||||
Household Products - 0.4% | ||||||||
Spectrum Brands Holdings, Inc.(a) | 52 | 2,972 | ||||||
Independent Power and Renewable Electricity Producers - 0.5% | ||||||||
Vistra Corp. | 164 | 3,093 | ||||||
Insurance - 4.8% | ||||||||
American International Group, Inc.(a) | 110 | 3,028 | ||||||
Assured Guaranty Ltd.(a) | 129 | 2,771 | ||||||
Athene Holding Ltd., Class A*(a) | 83 | 2,829 | ||||||
Brighthouse Financial, Inc.*(a) | 112 | 3,014 | ||||||
CNO Financial Group, Inc.(a) | 186 | 2,983 | ||||||
Lincoln National Corp.(a) | 88 | 2,757 | ||||||
MetLife, Inc.(a) | 93 | 3,457 | ||||||
Principal Financial Group, Inc.(a) | 70 | 2,819 | ||||||
Prudential Financial, Inc.(a) | 45 | 2,858 | ||||||
Reinsurance Group of America, Inc.(a) | 37 | 3,522 | ||||||
Unum Group(a) | 167 | 2,811 | ||||||
32,849 | ||||||||
Internet & Direct Marketing Retail - 0.3% | ||||||||
Qurate Retail, Inc., Series A(a) | 287 | 2,061 | ||||||
IT Services - 4.4% | ||||||||
Alliance Data Systems Corp.(a) | 71 | 2,981 | ||||||
Amdocs Ltd.(a) | 54 | 3,100 | ||||||
CACI International, Inc., Class A*(a) | 13 | 2,771 | ||||||
Cognizant Technology Solutions Corp., Class A(a) | 45 | 3,124 | ||||||
DXC Technology Co.(a) | 157 | 2,802 | ||||||
International Business Machines Corp.(a) | 27 | 3,285 | ||||||
KBR, Inc.(a) | 144 | 3,220 | ||||||
Perspecta, Inc.(a) | 151 | 2,937 |
AGF Investments Trust
AGFiQ U.S. Market Neutral Value Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Science Applications International Corp.(a) | 38 | 2,980 | ||||||
WEX, Inc.* | 19 | 2,640 | ||||||
29,840 | ||||||||
Machinery - 2.3% | ||||||||
AGCO Corp.(a) | 43 | 3,194 | ||||||
Allison Transmission Holdings, Inc.(a) | 89 | 3,127 | ||||||
Crane Co.(a) | 61 | 3,058 | ||||||
Oshkosh Corp.(a) | 47 | 3,455 | ||||||
Timken Co. (The)(a) | 56 | 3,036 | ||||||
15,870 | ||||||||
Marine - 0.4% | ||||||||
Kirby Corp.*(a) | 65 | 2,351 | ||||||
Media - 2.7% | ||||||||
Discovery, Inc., Class C*(a) | 171 | 3,351 | ||||||
DISH Network Corp., Class A*(a) | 89 | 2,584 | ||||||
Interpublic Group of Cos., Inc. (The)(a) | 197 | 3,284 | ||||||
Nexstar Media Group, Inc., Class A(a) | 33 | 2,968 | ||||||
TEGNA, Inc.(a) | 241 | 2,832 | ||||||
ViacomCBS, Inc.(a) | 110 | 3,081 | ||||||
18,100 | ||||||||
Metals & Mining - 1.3% | ||||||||
Commercial Metals Co.(a) | 145 | 2,897 | ||||||
Reliance Steel & Aluminum Co.(a) | 29 | 2,959 | ||||||
Steel Dynamics, Inc.(a) | 103 | 2,949 | ||||||
8,805 | ||||||||
Mortgage Real Estate Investment Trusts (REITs) - 1.4% | ||||||||
AGNC Investment Corp.(a) | 218 | 3,032 | ||||||
Annaly Capital Management, Inc.(a) | 418 | 2,976 | ||||||
New Residential Investment Corp.(a) | 462 | 3,673 | ||||||
9,681 | ||||||||
Multiline Retail - 0.5% | ||||||||
Kohl's Corp.(a) | 173 | 3,206 | ||||||
Multi-Utilities - 1.4% | ||||||||
Black Hills Corp.(a) | 57 | 3,049 | ||||||
MDU Resources Group, Inc.(a) | 153 | 3,442 | ||||||
NorthWestern Corp.(a) | 59 | 2,870 | ||||||
9,361 | ||||||||
Oil, Gas & Consumable Fuels - 2.3% | ||||||||
Concho Resources, Inc.(a) | 60 | 2,647 | ||||||
Diamondback Energy, Inc.(a) | 79 | 2,379 | ||||||
Equitrans Midstream Corp.(a) | 292 | 2,470 | ||||||
Kinder Morgan, Inc.(a) | 215 | 2,651 | ||||||
ONEOK, Inc.(a) | 115 | 2,988 | ||||||
Parsley Energy, Inc., Class A(a) | 280 | 2,621 | ||||||
15,756 | ||||||||
Pharmaceuticals - 1.9% | ||||||||
Bristol-Myers Squibb Co.(a) | 55 | 3,316 | ||||||
Jazz Pharmaceuticals plc*(a) | 28 | 3,993 | ||||||
Mylan NV*(a) | 188 | 2,788 | ||||||
Perrigo Co. plc(a) | 62 | 2,846 | ||||||
12,943 | ||||||||
Professional Services - 1.3% | ||||||||
ASGN, Inc.*(a) | 43 | 2,733 | ||||||
ManpowerGroup, Inc.(a) | 48 | 3,520 | ||||||
Nielsen Holdings plc(a) | 202 | 2,864 | ||||||
9,117 | ||||||||
Real Estate Management & Development - 0.9% | ||||||||
CBRE Group, Inc., Class A*(a) | 65 | 3,053 | ||||||
Jones Lang LaSalle, Inc.(a) | 33 | 3,157 | ||||||
6,210 | ||||||||
Road & Rail - 0.4% | ||||||||
Knight-Swift Transportation Holdings, Inc.(a) | 66 | 2,686 | ||||||
Semiconductors & Semiconductor Equipment - 1.3% | ||||||||
Intel Corp.(a) | 53 | 2,745 | ||||||
Micron Technology, Inc.*(a) | 71 | 3,334 | ||||||
ON Semiconductor Corp.*(a) | 141 | 3,058 | ||||||
9,137 | ||||||||
Software - 1.4% | ||||||||
J2 Global, Inc.*(a) | 42 | 2,907 | ||||||
SS&C Technologies Holdings, Inc.(a) | 48 | 2,905 | ||||||
Verint Systems, Inc.*(a) | 74 | 3,566 | ||||||
9,378 | ||||||||
Specialty Retail - 1.9% | ||||||||
Aaron's, Inc.(a) | 54 | 3,059 | ||||||
AutoNation, Inc.*(a) | 54 | 2,858 | ||||||
Foot Locker, Inc.(a) | 120 | 3,964 | ||||||
Lithia Motors, Inc., Class A(a) | 12 | 2,735 | ||||||
12,616 | ||||||||
Technology Hardware, Storage & Peripherals - 3.2% | ||||||||
Apple, Inc.(a) | 24 | 2,779 | ||||||
Dell Technologies, Inc., Class C*(a) | 49 | 3,317 | ||||||
Hewlett Packard Enterprise Co.(a) | 352 | 3,298 | ||||||
NCR Corp.*(a) | 149 | 3,299 | ||||||
Seagate Technology plc(a) | 64 | 3,153 | ||||||
Western Digital Corp. | 76 | 2,778 | ||||||
Xerox Holdings Corp. | 163 | 3,060 | ||||||
21,684 | ||||||||
Textiles, Apparel & Luxury Goods - 2.6% | ||||||||
Capri Holdings Ltd.*(a) | 218 | 3,924 | ||||||
Hanesbrands, Inc.(a) | 197 | 3,103 | ||||||
PVH Corp.(a) | 58 | 3,459 | ||||||
Ralph Lauren Corp.(a) | 45 | 3,059 | ||||||
Tapestry, Inc.(a) | 243 | 3,798 | ||||||
17,343 |
AGF Investments Trust
AGFiQ U.S. Market Neutral Value Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Thrifts & Mortgage Finance - 0.9% | ||||||||
MGIC Investment Corp.(a) | 347 | 3,075 | ||||||
Radian Group, Inc.(a) | 217 | 3,170 | ||||||
6,245 | ||||||||
Trading Companies & Distributors - 2.3% | ||||||||
Air Lease Corp.(a) | 111 | 3,266 | ||||||
GATX Corp.(a) | 53 | 3,379 | ||||||
United Rentals, Inc.*(a) | 17 | 2,966 | ||||||
Univar Solutions, Inc.*(a) | 168 | 2,836 | ||||||
WESCO International, Inc.* | 65 | 2,861 | ||||||
15,308 | ||||||||
Transportation Infrastructure - 0.5% | ||||||||
Macquarie Infrastructure Corp.(a) | 117 | 3,146 | ||||||
Wireless Telecommunication Services - 0.4% | ||||||||
Telephone and Data Systems, Inc.(a) | 131 | 2,416 | ||||||
TOTAL COMMON STOCKS (Cost $703,349) | 607,689 | |||||||
PREFERRED STOCKS - 0.1% | ||||||||
Internet & Direct Marketing Retail - 0.1% | ||||||||
Qurate Retail, Inc. 8.00% (a) (Cost $719) | 8 | 788 | ||||||
TOTAL LONG POSITIONS (Cost $704,068) | 608,477 | |||||||
SHORT POSITIONS - (91.5)% | ||||||||
COMMON STOCKS - (91.5)% | ||||||||
Aerospace & Defense - (1.9)% | ||||||||
Axon Enterprise, Inc.* | (36 | ) | (3,265 | ) | ||||
Boeing Co. (The) | (18 | ) | (2,974 | ) | ||||
HEICO Corp. | (33 | ) | (3,454 | ) | ||||
TransDigm Group, Inc. | (6 | ) | (2,851 | ) | ||||
(12,544 | ) | |||||||
Airlines - (0.4)% | ||||||||
American Airlines Group, Inc. | (237 | ) | (2,913 | ) | ||||
Banks - (0.5)% | ||||||||
First Financial Bankshares, Inc. | (111 | ) | (3,098 | ) | ||||
Beverages - (1.3)% | ||||||||
Boston Beer Co., Inc. (The), Class A* | (3 | ) | (2,650 | ) | ||||
Brown-Forman Corp., Class B | (42 | ) | (3,164 | ) | ||||
Monster Beverage Corp.* | (36 | ) | (2,887 | ) | ||||
(8,701 | ) | |||||||
Biotechnology - (5.7)% | ||||||||
ACADIA Pharmaceuticals, Inc.* | (68 | ) | (2,805 | ) | ||||
Agios Pharmaceuticals, Inc.* | (66 | ) | (2,310 | ) | ||||
Allogene Therapeutics, Inc.* | (87 | ) | (3,281 | ) | ||||
Alnylam Pharmaceuticals, Inc.* | (25 | ) | (3,640 | ) | ||||
Exact Sciences Corp.* | (40 | ) | (4,078 | ) | ||||
FibroGen, Inc.* | (73 | ) | (3,002 | ) | ||||
Immunomedics, Inc.* | (73 | ) | (6,207 | ) | ||||
Moderna, Inc.* | (43 | ) | (3,042 | ) | ||||
Sarepta Therapeutics, Inc.* | (22 | ) | (3,089 | ) | ||||
Seattle Genetics, Inc.* | (22 | ) | (4,305 | ) | ||||
Ultragenyx Pharmaceutical, Inc.* | (36 | ) | (2,959 | ) | ||||
(38,718 | ) | |||||||
Building Products - (1.4)% | ||||||||
Allegion plc | (34 | ) | (3,363 | ) | ||||
Lennox International, Inc. | (11 | ) | (2,999 | ) | ||||
Trex Co., Inc.* | (40 | ) | (2,864 | ) | ||||
(9,226 | ) | |||||||
Capital Markets - (7.0)% | ||||||||
Blackstone Group, Inc. (The), Class A | (59 | ) | (3,080 | ) | ||||
Cboe Global Markets, Inc. | (32 | ) | (2,808 | ) | ||||
CME Group, Inc. | (18 | ) | (3,012 | ) | ||||
Evercore, Inc., Class A | (48 | ) | (3,142 | ) | ||||
FactSet Research Systems, Inc. | (9 | ) | (3,014 | ) | ||||
Interactive Brokers Group, Inc., Class A | (58 | ) | (2,803 | ) | ||||
Intercontinental Exchange, Inc. | (29 | ) | (2,901 | ) | ||||
Lazard Ltd., Class A | (97 | ) | (3,206 | ) | ||||
LPL Financial Holdings, Inc. | (37 | ) | (2,837 | ) | ||||
MarketAxess Holdings, Inc. | (7 | ) | (3,371 | ) | ||||
Moody's Corp. | (10 | ) | (2,898 | ) | ||||
MSCI, Inc. | (8 | ) | (2,854 | ) | ||||
Nasdaq, Inc. | (23 | ) | (2,822 | ) | ||||
S&P Global, Inc. | (8 | ) | (2,885 | ) | ||||
SEI Investments Co. | (62 | ) | (3,145 | ) | ||||
Tradeweb Markets, Inc., Class A | (51 | ) | (2,958 | ) | ||||
(47,736 | ) | |||||||
Chemicals - (3.0)% | ||||||||
Air Products and Chemicals, Inc. | (10 | ) | (2,979 | ) | ||||
Ecolab, Inc. | (16 | ) | (3,197 | ) | ||||
FMC Corp. | (28 | ) | (2,966 | ) | ||||
Linde plc | (12 | ) | (2,858 | ) | ||||
RPM International, Inc. | (35 | ) | (2,899 | ) | ||||
Scotts Miracle-Gro Co. (The) | (19 | ) | (2,905 | ) | ||||
Sherwin-Williams Co. (The) | (4 | ) | (2,787 | ) | ||||
(20,591 | ) | |||||||
Commercial Services & Supplies - (2.4)% | ||||||||
Cintas Corp. | (9 | ) | (2,995 | ) | ||||
Copart, Inc.* | (30 | ) | (3,155 | ) |
AGF Investments Trust
AGFiQ U.S. Market Neutral Value Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
IAA, Inc.* | (60 | ) | (3,124 | ) | ||||
MSA Safety, Inc. | (28 | ) | (3,757 | ) | ||||
Rollins, Inc. | (54 | ) | (2,926 | ) | ||||
(15,957 | ) | |||||||
Construction Materials - (0.5)% | ||||||||
Vulcan Materials Co. | (25 | ) | (3,388 | ) | ||||
Consumer Finance - (2.2)% | ||||||||
American Express Co. | (35 | ) | (3,509 | ) | ||||
Credit Acceptance Corp.* | (7 | ) | (2,371 | ) | ||||
FirstCash, Inc. | (49 | ) | (2,803 | ) | ||||
Green Dot Corp., Class A* | (58 | ) | (2,935 | ) | ||||
LendingTree, Inc.* | (10 | ) | (3,069 | ) | ||||
(14,687 | ) | |||||||
Containers & Packaging - (1.0)% | ||||||||
AptarGroup, Inc. | (30 | ) | (3,396 | ) | ||||
Ball Corp. | (38 | ) | (3,159 | ) | ||||
(6,555 | ) | |||||||
Distributors - (0.4)% | ||||||||
Pool Corp. | (9 | ) | (3,011 | ) | ||||
Diversified Consumer Services - (1.0)% | ||||||||
Bright Horizons Family Solutions, Inc.* | (24 | ) | (3,649 | ) | ||||
Chegg, Inc.* | (40 | ) | (2,858 | ) | ||||
(6,507 | ) | |||||||
Electric Utilities - (2.4)% | ||||||||
Alliant Energy Corp. | (56 | ) | (2,892 | ) | ||||
Edison International | (57 | ) | (2,898 | ) | ||||
Eversource Energy | (40 | ) | (3,342 | ) | ||||
NextEra Energy, Inc. | (13 | ) | (3,608 | ) | ||||
Xcel Energy, Inc. | (51 | ) | (3,520 | ) | ||||
(16,260 | ) | |||||||
Electrical Equipment - (0.9)% | ||||||||
Generac Holdings, Inc.* | (16 | ) | (3,098 | ) | ||||
Rockwell Automation, Inc. | (15 | ) | (3,310 | ) | ||||
(6,408 | ) | |||||||
Energy Equipment & Services - (0.3)% | ||||||||
Halliburton Co. | (192 | ) | (2,314 | ) | ||||
Entertainment - (1.8)% | ||||||||
Live Nation Entertainment, Inc.* | (58 | ) | (3,125 | ) | ||||
Madison Square Garden Sports Corp.* | (19 | ) | (2,859 | ) | ||||
Netflix, Inc.* | (6 | ) | (3,000 | ) | ||||
Roku, Inc.* | (18 | ) | (3,399 | ) | ||||
(12,383 | ) | |||||||
Equity Real Estate Investment Trusts (REITs) - (7.7)% | ||||||||
American Tower Corp. | (13 | ) | (3,142 | ) | ||||
Americold Realty Trust | (94 | ) | (3,360 | ) | ||||
CoreSite Realty Corp. | (27 | ) | (3,210 | ) | ||||
Crown Castle International Corp. | (20 | ) | (3,330 | ) | ||||
CyrusOne, Inc. | (37 | ) | (2,591 | ) | ||||
Digital Realty Trust, Inc. | (23 | ) | (3,375 | ) | ||||
Duke Realty Corp. | (78 | ) | (2,878 | ) | ||||
EastGroup Properties, Inc. | (22 | ) | (2,845 | ) | ||||
Equinix, Inc. | (4 | ) | (3,041 | ) | ||||
Equity LifeStyle Properties, Inc. | (53 | ) | (3,249 | ) | ||||
Extra Space Storage, Inc. | (29 | ) | (3,103 | ) | ||||
Prologis, Inc. | (30 | ) | (3,019 | ) | ||||
Rexford Industrial Realty, Inc. | (64 | ) | (2,929 | ) | ||||
SBA Communications Corp. | (11 | ) | (3,503 | ) | ||||
Sun Communities, Inc. | (24 | ) | (3,375 | ) | ||||
Taubman Centers, Inc. | (82 | ) | (2,730 | ) | ||||
UDR, Inc. | (88 | ) | (2,870 | ) | ||||
(52,550 | ) | |||||||
Food & Staples Retailing - (1.0)% | ||||||||
Costco Wholesale Corp. | (9 | ) | (3,195 | ) | ||||
Sysco Corp. | (53 | ) | (3,298 | ) | ||||
(6,493 | ) | |||||||
Food Products - (0.4)% | ||||||||
McCormick & Co., Inc. (Non-Voting) | (15 | ) | (2,911 | ) | ||||
Health Care Equipment & Supplies - (2.6)% | ||||||||
ABIOMED, Inc.* | (10 | ) | (2,770 | ) | ||||
DexCom, Inc.* | (7 | ) | (2,886 | ) | ||||
IDEXX Laboratories, Inc.* | (8 | ) | (3,145 | ) | ||||
Insulet Corp.* | (14 | ) | (3,312 | ) | ||||
Penumbra, Inc.* | (13 | ) | (2,527 | ) | ||||
West Pharmaceutical Services, Inc. | (11 | ) | (3,024 | ) | ||||
(17,664 | ) | |||||||
Health Care Providers & Services - (0.6)% | ||||||||
Guardant Health, Inc.* | (38 | ) | (4,248 | ) | ||||
Health Care Technology - (0.9)% | ||||||||
Teladoc Health, Inc.* | (14 | ) | (3,069 | ) | ||||
Veeva Systems, Inc., Class A* | (11 | ) | (3,093 | ) | ||||
(6,162 | ) | |||||||
Hotels, Restaurants & Leisure - (4.5)% | ||||||||
Chipotle Mexican Grill, Inc.* | (2 | ) | (2,487 | ) | ||||
Choice Hotels International, Inc. | (32 | ) | (2,751 | ) | ||||
Churchill Downs, Inc. | (18 | ) | (2,949 | ) | ||||
Domino's Pizza, Inc. | (7 | ) | (2,977 | ) | ||||
Las Vegas Sands Corp. | (71 | ) | (3,313 | ) | ||||
McDonald's Corp. | (14 | ) | (3,073 | ) | ||||
Planet Fitness, Inc., Class A* | (51 | ) | (3,143 | ) | ||||
Starbucks Corp. | (43 | ) | (3,694 | ) | ||||
Wynn Resorts Ltd. | (41 | ) | (2,944 | ) | ||||
Yum! Brands, Inc. | (37 | ) | (3,378 | ) | ||||
(30,709 | ) | |||||||
Household Products - (1.5)% | ||||||||
Church & Dwight Co., Inc. | (32 | ) | (2,999 | ) | ||||
Clorox Co. (The) | (16 | ) | (3,362 | ) | ||||
Colgate-Palmolive Co. | (46 | ) | (3,549 | ) | ||||
(9,910 | ) |
AGF Investments Trust
AGFiQ U.S. Market Neutral Value Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Industrial Conglomerates - (0.4)% | ||||||||
Roper Technologies, Inc. | (7 | ) | (2,766 | ) | ||||
Insurance - (2.8)% | ||||||||
Aon plc, Class A | (17 | ) | (3,507 | ) | ||||
Arthur J Gallagher & Co. | (29 | ) | (3,062 | ) | ||||
Brown & Brown, Inc. | (66 | ) | (2,988 | ) | ||||
Erie Indemnity Co., Class A | (15 | ) | (3,154 | ) | ||||
Marsh & McLennan Cos., Inc. | (32 | ) | (3,671 | ) | ||||
RLI Corp. | (32 | ) | (2,679 | ) | ||||
(19,061 | ) | |||||||
Interactive Media & Services - (2.0)% | ||||||||
Match Group, Inc.* | (25 | ) | (2,766 | ) | ||||
Pinterest, Inc., Class A* | (88 | ) | (3,653 | ) | ||||
Snap, Inc., Class A* | (142 | ) | (3,708 | ) | ||||
Zillow Group, Inc., Class C* | (36 | ) | (3,657 | ) | ||||
(13,784 | ) | |||||||
Internet & Direct Marketing Retail - (2.1)% | ||||||||
Amazon.com, Inc.* | (1 | ) | (3,149 | ) | ||||
Chewy, Inc., Class A* | (52 | ) | (2,851 | ) | ||||
Etsy, Inc.* | (24 | ) | (2,919 | ) | ||||
Expedia Group, Inc. | (32 | ) | (2,934 | ) | ||||
Wayfair, Inc., Class A* | (9 | ) | (2,619 | ) | ||||
(14,472 | ) | |||||||
IT Services - (2.3)% | ||||||||
Mastercard, Inc., Class A | (9 | ) | (3,043 | ) | ||||
MongoDB, Inc.* | (15 | ) | (3,473 | ) | ||||
Okta, Inc.* | (14 | ) | (2,994 | ) | ||||
Square, Inc., Class A* | (20 | ) | (3,251 | ) | ||||
VeriSign, Inc.* | (15 | ) | (3,073 | ) | ||||
(15,834 | ) | |||||||
Leisure Products - (0.5)% | ||||||||
Mattel, Inc.* | (273 | ) | (3,194 | ) | ||||
Life Sciences Tools & Services - (0.8)% | ||||||||
Illumina, Inc.* | (9 | ) | (2,782 | ) | ||||
Repligen Corp.* | (20 | ) | (2,951 | ) | ||||
(5,733 | ) | |||||||
Machinery - (2.4)% | ||||||||
Graco, Inc. | (52 | ) | (3,190 | ) | ||||
IDEX Corp. | (17 | ) | (3,101 | ) | ||||
Illinois Tool Works, Inc. | (15 | ) | (2,898 | ) | ||||
Otis Worldwide Corp. | (47 | ) | (2,934 | ) | ||||
Toro Co. (The) | (47 | ) | (3,946 | ) | ||||
(16,069 | ) | |||||||
Media - (0.4)% | ||||||||
New York Times Co. (The), Class A | (70 | ) | (2,995 | ) | ||||
Metals & Mining - (0.4)% | ||||||||
Royal Gold, Inc. | (25 | ) | (3,004 | ) | ||||
Multi-Utilities - (1.4)% | ||||||||
CMS Energy Corp. | (51 | ) | (3,132 | ) | ||||
Sempra Energy | (25 | ) | (2,959 | ) | ||||
WEC Energy Group, Inc. | (37 | ) | (3,585 | ) | ||||
(9,676 | ) | |||||||
Oil, Gas & Consumable Fuels - (2.2)% | ||||||||
Apache Corp. | (215 | ) | (2,036 | ) | ||||
Cheniere Energy, Inc.* | (59 | ) | (2,730 | ) | ||||
ConocoPhillips | (79 | ) | (2,594 | ) | ||||
Hess Corp. | (71 | ) | (2,906 | ) | ||||
Noble Energy, Inc. | (301 | ) | (2,574 | ) | ||||
Valero Energy Corp. | (50 | ) | (2,166 | ) | ||||
(15,006 | ) | |||||||
Personal Products - (0.5)% | ||||||||
Estee Lauder Cos., Inc. (The), Class A | (14 | ) | (3,055 | ) | ||||
Pharmaceuticals - (0.5)% | ||||||||
Zoetis, Inc. | (19 | ) | (3,142 | ) | ||||
Professional Services - (2.0)% | ||||||||
CoStar Group, Inc.* | (4 | ) | (3,394 | ) | ||||
Equifax, Inc. | (22 | ) | (3,452 | ) | ||||
TransUnion | (39 | ) | (3,281 | ) | ||||
Verisk Analytics, Inc. | (19 | ) | (3,521 | ) | ||||
(13,648 | ) | |||||||
Road & Rail - (0.9)% | ||||||||
Lyft, Inc., Class A* | (107 | ) | (2,948 | ) | ||||
Uber Technologies, Inc.* | (94 | ) | (3,429 | ) | ||||
(6,377 | ) | |||||||
Semiconductors & Semiconductor Equipment - (0.9)% | ||||||||
Advanced Micro Devices, Inc.* | (35 | ) | (2,870 | ) | ||||
Universal Display Corp. | (17 | ) | (3,072 | ) | ||||
(5,942 | ) | |||||||
Software - (11.9)% | ||||||||
Adobe, Inc.* | (6 | ) | (2,943 | ) | ||||
Alteryx, Inc., Class A* | (24 | ) | (2,725 | ) | ||||
Anaplan, Inc.* | (52 | ) | (3,254 | ) | ||||
Autodesk, Inc.* | (12 | ) | (2,772 | ) | ||||
Avalara, Inc.* | (24 | ) | (3,056 | ) | ||||
Coupa Software, Inc.* | (9 | ) | (2,468 | ) | ||||
Crowdstrike Holdings, Inc., Class A* | (26 | ) | (3,570 | ) | ||||
Datadog, Inc., Class A* | (35 | ) | (3,576 | ) | ||||
DocuSign, Inc.* | (14 | ) | (3,013 | ) | ||||
Elastic NV* | (27 | ) | (2,913 | ) | ||||
Fair Isaac Corp.* | (8 | ) | (3,403 | ) | ||||
HubSpot, Inc.* | (10 | ) | (2,922 | ) | ||||
Manhattan Associates, Inc.* | (31 | ) | (2,960 | ) | ||||
New Relic, Inc.* | (51 | ) | (2,875 | ) | ||||
Nutanix, Inc., Class A* | (140 | ) | (3,105 | ) | ||||
Paycom Software, Inc.* | (10 | ) | (3,113 | ) | ||||
Pegasystems, Inc. | (23 | ) | (2,784 | ) |
AGF Investments Trust
AGFiQ U.S. Market Neutral Value Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
RingCentral, Inc., Class A* | (12 | ) | (3,295 | ) | ||||
ServiceNow, Inc.* | (6 | ) | (2,910 | ) | ||||
Smartsheet, Inc., Class A* | (60 | ) | (2,965 | ) | ||||
Splunk, Inc.* | (14 | ) | (2,634 | ) | ||||
Trade Desk, Inc. (The), Class A* | (6 | ) | (3,113 | ) | ||||
Workday, Inc., Class A* | (14 | ) | (3,012 | ) | ||||
Zendesk, Inc.* | (33 | ) | (3,397 | ) | ||||
Zoom Video Communications, Inc., Class A* | (10 | ) | (4,701 | ) | ||||
Zscaler, Inc.* | (22 | ) | (3,095 | ) | ||||
(80,574 | ) | |||||||
Specialty Retail - (1.0)% | ||||||||
Carvana Co.* | (15 | ) | (3,346 | ) | ||||
Five Below, Inc.* | (26 | ) | (3,302 | ) | ||||
(6,648 | ) | |||||||
Textiles, Apparel & Luxury Goods - (0.9)% | ||||||||
Lululemon Athletica, Inc.* | (8 | ) | (2,635 | ) | ||||
NIKE, Inc., Class B | (27 | ) | (3,390 | ) | ||||
(6,025 | ) | |||||||
Trading Companies & Distributors - (0.9)% | ||||||||
Fastenal Co. | (63 | ) | (2,840 | ) | ||||
SiteOne Landscape Supply, Inc.* | (24 | ) | (2,927 | ) | ||||
(5,767 | ) | |||||||
Water Utilities - (1.0)% | ||||||||
American Water Works Co., Inc. | (26 | ) | (3,767 | ) | ||||
Essential Utilities, Inc. | (77 | ) | (3,099 | ) | ||||
(6,866 | ) | |||||||
TOTAL COMMON STOCKS (Proceeds $(467,808)) | (621,282 | ) | ||||||
TOTAL SHORT POSITIONS (Proceeds $(467,808)) | (621,282 | ) | ||||||
Total Investments - (1.9)% (Cost $236,260) | (12,805 | ) | ||||||
Other assets less liabilities - 101.9% | 691,677 | |||||||
Net Assets - 100.0% | 678,872 |
* | Non-income producing security. |
(a) | All or a portion of this security is segregated in connection with obligations for securities sold short with a total value of $578,586. |
AGF Investments Trust
AGFiQ U.S. Market Neutral Value Fund
Schedule of Investments
September 30, 2020 (Unaudited)
OTC Total return swap contracts outstanding as of September 30, 2020 | ||||||||||||||||||||
Notional Amount | Termination | Counterparty | Rate Paid | Payment Frequency | Underlying | Value and Unrealized Appreciation/ (Depreciation) ($) | ||||||||||||||
USD | 92,248 | 9/30/2021 | Morgan Stanley | 0.55 | % | Monthly | Dow Jones U.S. Relative Value Total Return Index(4) | (12,961 | ) | |||||||||||
USD | (67,649 | ) | 9/30/2021 | Morgan Stanley | (0.25 | )% | Monthly | Dow Jones U.S. Short Relative Value Total Return Index(5) | (16,442 | ) | ||||||||||
(29,403 | ) |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. |
(2) | Reflects the floating financing rate, as of September 30, 2020, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. Payments may be made at the conclusion of the agreement or periodically during its term. |
(3) | The 50 largest components of the referenced underlying Swap Index can be found at https://www.agf.com/us/resources |
(4) | The Dow Jones U.S. Relative Value Total Return Index (DJTLSVT) is designed to measure the performance of 200 companies ranked as undervalued based on fundamentals. Value is calculated using a ranking process based on book value to price ratio, projected earnings per share to price ratio, and trailing 12-month operating cash flow to price ratio. Dividends are reinvested. |
(5) | The Dow Jones U.S. Short Relative Value Total Return Index (DJTSSVT) is designed to measure the performance of 200 companies ranked as overvalued based on fundamentals. Value is calculated using a ranking process based on book value to price ratio, projected earnings per share to price ratio, and trailing 12-month operating cash flow to price ratio. Dividends are reinvested. |
Abbreviations
USD | US Dollar |
AGF Investments Trust
AGFiQ U.S. Market Neutral Anti-Beta Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
LONG POSITIONS - 85.6% | ||||||||
COMMON STOCKS - 85.6% | ||||||||
Aerospace & Defense - 1.7% | ||||||||
L3Harris Technologies, Inc.(a) | 5,568 | 945,669 | ||||||
Lockheed Martin Corp.(a) | 2,496 | 956,667 | ||||||
Mercury Systems, Inc.* | 13,440 | 1,041,063 | ||||||
Northrop Grumman Corp. | 2,880 | 908,611 | ||||||
3,852,010 | ||||||||
Air Freight & Logistics - 1.9% | ||||||||
CH Robinson Worldwide, Inc.(a) | 10,368 | 1,059,506 | ||||||
Expeditors International of Washington, Inc.(a) | 11,520 | 1,042,790 | ||||||
FedEx Corp.(a) | 4,608 | 1,159,004 | ||||||
United Parcel Service, Inc., Class B | 6,336 | 1,055,768 | ||||||
4,317,068 | ||||||||
Auto Components - 0.4% | ||||||||
Gentex Corp.(a) | 36,288 | 934,416 | ||||||
Banks - 2.8% | ||||||||
Bank of Hawaii Corp.(a) | 18,048 | 911,785 | ||||||
Bank OZK | 43,392 | 925,118 | ||||||
Commerce Bancshares, Inc.(a) | 16,896 | 951,076 | ||||||
First Financial Bankshares, Inc.(a) | 32,448 | 905,624 | ||||||
First Hawaiian, Inc.(a) | 61,824 | 894,593 | ||||||
Glacier Bancorp, Inc.(a) | 28,608 | 916,886 | ||||||
UMB Financial Corp. | 18,624 | 912,762 | ||||||
6,417,844 | ||||||||
Biotechnology - 5.0% | ||||||||
Alexion Pharmaceuticals, Inc.*(a) | 9,600 | 1,098,528 | ||||||
Alnylam Pharmaceuticals, Inc.*(a) | 7,488 | 1,090,253 | ||||||
Amgen, Inc.(a) | 4,032 | 1,024,773 | ||||||
Gilead Sciences, Inc.(a) | 15,360 | 970,598 | ||||||
Incyte Corp.*(a) | 10,752 | 964,885 | ||||||
Moderna, Inc.* | 14,208 | 1,005,216 | ||||||
Neurocrine Biosciences, Inc.* | 9,024 | 867,748 | ||||||
Regeneron Pharmaceuticals, Inc.* | 1,728 | 967,300 | ||||||
Seattle Genetics, Inc.* | 6,528 | 1,277,464 | ||||||
United Therapeutics Corp.* | 9,600 | 969,600 | ||||||
Vertex Pharmaceuticals, Inc.* | 3,648 | 992,694 | ||||||
11,229,059 | ||||||||
Building Products - 0.4% | ||||||||
Lennox International, Inc.(a) | 3,456 | 942,140 | ||||||
Capital Markets - 4.7% | ||||||||
Bank of New York Mellon Corp. (The)(a) | 27,456 | 942,839 | ||||||
Cboe Global Markets, Inc.(a) | 10,944 | 960,226 | ||||||
Charles Schwab Corp. (The) | 28,416 | 1,029,512 | ||||||
CME Group, Inc.(a) | 5,760 | 963,705 | ||||||
Franklin Resources, Inc.(a) | 47,232 | 961,171 | ||||||
Interactive Brokers Group, Inc., Class A(a) | 19,008 | 918,657 | ||||||
Intercontinental Exchange, Inc.(a) | 9,600 | 960,480 | ||||||
MarketAxess Holdings, Inc.(a) | 1,920 | 924,653 | ||||||
Morningstar, Inc. | 6,144 | 986,788 | ||||||
MSCI, Inc. | 2,688 | 959,025 | ||||||
Tradeweb Markets, Inc., Class A | 17,664 | 1,024,512 | ||||||
10,631,568 | ||||||||
Chemicals - 1.8% | ||||||||
Air Products and Chemicals, Inc.(a) | 3,456 | 1,029,404 | ||||||
Corteva, Inc.(a) | 34,368 | 990,142 | ||||||
NewMarket Corp. | 2,688 | 920,156 | ||||||
Olin Corp. | 87,168 | 1,079,140 | ||||||
4,018,842 | ||||||||
Commercial Services & Supplies - 1.8% | ||||||||
Republic Services, Inc. | 10,944 | 1,021,622 | ||||||
Rollins, Inc. | 18,048 | 978,021 | ||||||
Tetra Tech, Inc. | 10,752 | 1,026,816 | ||||||
Waste Management, Inc. | 8,832 | 999,518 | ||||||
4,025,977 | ||||||||
Communications Equipment - 0.8% | ||||||||
Cisco Systems, Inc.(a) | 23,808 | 937,797 | ||||||
Ubiquiti, Inc. | 5,376 | 895,964 | ||||||
1,833,761 | ||||||||
Construction & Engineering - 0.4% | ||||||||
Valmont Industries, Inc. | 7,872 | 977,545 | ||||||
Consumer Finance - 0.4% | ||||||||
FirstCash, Inc.(a) | 16,512 | 944,652 | ||||||
Containers & Packaging - 2.2% | ||||||||
Amcor plc(a) | 91,776 | 1,014,125 | ||||||
AptarGroup, Inc.(a) | 8,448 | 956,313 | ||||||
Packaging Corp. of America | 9,984 | 1,088,755 | ||||||
Silgan Holdings, Inc. | 26,688 | 981,318 | ||||||
Sonoco Products Co. | 18,624 | 951,128 | ||||||
4,991,639 | ||||||||
Distributors - 0.5% | ||||||||
Pool Corp. | 3,072 | 1,027,707 | ||||||
Diversified Consumer Services - 2.1% | ||||||||
frontdoor, Inc.*(a) | 24,384 | 948,782 | ||||||
Graham Holdings Co., Class B(a) | 2,496 | 1,008,659 | ||||||
Grand Canyon Education, Inc.*(a) | 10,944 | 874,863 | ||||||
Service Corp. International | 22,080 | 931,334 | ||||||
ServiceMaster Global Holdings, Inc.* | 25,344 | 1,010,719 | ||||||
4,774,357 | ||||||||
Diversified Financial Services - 0.4% | ||||||||
Berkshire Hathaway, Inc., Class B*(a) | 4,608 | 981,228 |
AGF Investments Trust
AGFiQ U.S. Market Neutral Anti-Beta Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Diversified Telecommunication Services - 0.8% | ||||||||
Liberty Global plc, Class C*(a) | 44,160 | 906,826 | ||||||
Verizon Communications, Inc. | 16,896 | 1,005,143 | ||||||
1,911,969 | ||||||||
Electric Utilities - 1.3% | ||||||||
Avangrid, Inc.(a) | 20,544 | 1,036,650 | ||||||
Hawaiian Electric Industries, Inc.(a) | 29,376 | 976,458 | ||||||
NextEra Energy, Inc. | 3,648 | 1,012,539 | ||||||
3,025,647 | ||||||||
Electronic Equipment, Instruments & Components - 1.2% | ||||||||
Cognex Corp.(a) | 14,784 | 962,438 | ||||||
Keysight Technologies, Inc.*(a) | 10,176 | 1,005,185 | ||||||
Zebra Technologies Corp., Class A* | 3,456 | 872,502 | ||||||
2,840,125 | ||||||||
Entertainment - 2.5% | ||||||||
Activision Blizzard, Inc.(a) | 11,904 | 963,629 | ||||||
Electronic Arts, Inc.*(a) | 6,912 | 901,394 | ||||||
Netflix, Inc.* | 1,920 | 960,057 | ||||||
Take-Two Interactive Software, Inc.* | 5,760 | 951,667 | ||||||
World Wrestling Entertainment, Inc., Class A | 22,080 | 893,578 | ||||||
Zynga, Inc., Class A* | 110,016 | 1,003,346 | ||||||
5,673,671 | ||||||||
Equity Real Estate Investment Trusts (REITs) - 7.3% | ||||||||
American Tower Corp.(a) | 4,032 | 974,655 | ||||||
Americold Realty Trust(a) | 26,304 | 940,368 | ||||||
CoreSite Realty Corp.(a) | 8,256 | 981,473 | ||||||
Crown Castle International Corp.(a) | 6,336 | 1,054,944 | ||||||
CubeSmart(a) | 32,448 | 1,048,395 | ||||||
CyrusOne, Inc.(a) | 12,288 | 860,529 | ||||||
Digital Realty Trust, Inc.(a) | 6,528 | 958,049 | ||||||
Equinix, Inc.(a) | 1,344 | 1,021,615 | ||||||
Equity Commonwealth(a) | 32,640 | 869,203 | ||||||
Equity LifeStyle Properties, Inc.(a) | 15,552 | 953,338 | ||||||
Extra Space Storage, Inc.(a) | 9,408 | 1,006,562 | ||||||
Healthcare Trust of America, Inc., Class A(a) | 39,552 | 1,028,352 | ||||||
Lexington Realty Trust(a) | 86,784 | 906,893 | ||||||
Public Storage | 4,800 | 1,069,056 | ||||||
Rayonier, Inc. | 35,136 | 928,996 | ||||||
SBA Communications Corp. | 3,264 | 1,039,519 | ||||||
Sun Communities, Inc. | 6,912 | 971,896 | ||||||
16,613,843 | ||||||||
Food & Staples Retailing - 0.8% | ||||||||
Kroger Co. (The)(a) | 27,648 | 937,544 | ||||||
Sprouts Farmers Market, Inc.* | 41,472 | 868,009 | ||||||
1,805,553 | ||||||||
Food Products - 2.6% | ||||||||
Flowers Foods, Inc.(a) | 40,320 | 980,986 | ||||||
General Mills, Inc.(a) | 15,552 | 959,247 | ||||||
Hain Celestial Group, Inc. (The)*(a) | 30,528 | 1,047,110 | ||||||
Hormel Foods Corp.(a) | 19,776 | 966,849 | ||||||
J M Smucker Co. (The) | 8,256 | 953,733 | ||||||
Kellogg Co.(a) | 14,208 | 917,695 | ||||||
5,825,620 | ||||||||
Gas Utilities - 2.0% | ||||||||
Atmos Energy Corp.(a) | 10,176 | 972,724 | ||||||
National Fuel Gas Co. | 22,464 | 911,814 | ||||||
New Jersey Resources Corp. | 33,600 | 907,872 | ||||||
South Jersey Industries, Inc. | 45,504 | 876,862 | ||||||
Spire, Inc. | 17,472 | 929,510 | ||||||
4,598,782 | ||||||||
Health Care Equipment & Supplies - 1.3% | ||||||||
Baxter International, Inc.(a) | 11,904 | 957,319 | ||||||
Becton Dickinson and Co.(a) | 4,032 | 938,166 | ||||||
ICU Medical, Inc.*(a) | 5,184 | 947,428 | ||||||
2,842,913 | ||||||||
Health Care Providers & Services - 0.9% | ||||||||
Amedisys, Inc.*(a) | 4,032 | 953,286 | ||||||
Premier, Inc., Class A | 32,064 | 1,052,661 | ||||||
2,005,947 | ||||||||
Health Care Technology - 0.9% | ||||||||
Teladoc Health, Inc.* | 4,608 | 1,010,258 | ||||||
Veeva Systems, Inc., Class A* | 3,648 | 1,025,781 | ||||||
2,036,039 | ||||||||
Hotels, Restaurants & Leisure - 0.9% | ||||||||
Domino's Pizza, Inc.(a) | 2,496 | 1,061,499 | ||||||
McDonald's Corp.(a) | 4,608 | 1,011,410 | ||||||
2,072,909 | ||||||||
Household Durables - 0.8% | ||||||||
Garmin Ltd.(a) | 9,600 | 910,656 | ||||||
Helen of Troy Ltd.*(a) | 4,800 | 928,896 | ||||||
1,839,552 | ||||||||
Household Products - 0.9% | ||||||||
Church & Dwight Co., Inc.(a) | 10,560 | 989,578 | ||||||
Clorox Co. (The)(a) | 4,608 | 968,463 | ||||||
1,958,041 | ||||||||
Industrial Conglomerates - 0.8% | ||||||||
3M Co. | 6,144 | 984,146 | ||||||
Roper Technologies, Inc. | 2,304 | 910,333 | ||||||
1,894,479 | ||||||||
Insurance - 3.8% | ||||||||
Arthur J Gallagher & Co.(a) | 9,600 | 1,013,568 | ||||||
Axis Capital Holdings Ltd.(a) | 22,080 | 972,403 | ||||||
Brown & Brown, Inc.(a) | 22,080 | 999,562 | ||||||
Erie Indemnity Co., Class A(a) | 4,800 | 1,009,344 | ||||||
Everest Re Group Ltd. | 4,608 | 910,264 | ||||||
Progressive Corp. (The) | 10,944 | 1,036,069 | ||||||
RLI Corp. | 10,752 | 900,265 | ||||||
Selective Insurance Group, Inc. | 17,472 | 899,633 |
AGF Investments Trust
AGFiQ U.S. Market Neutral Anti-Beta Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
White Mountains Insurance Group Ltd. | 1,152 | 897,408 | ||||||
8,638,516 | ||||||||
Interactive Media & Services - 0.4% | ||||||||
Alphabet, Inc., Class C*(a) | 576 | 846,490 | ||||||
Internet & Direct Marketing Retail - 0.9% | ||||||||
Amazon.com, Inc.*(a) | 384 | 1,209,112 | ||||||
eBay, Inc.(a) | 17,088 | 890,285 | ||||||
2,099,397 | ||||||||
IT Services - 3.9% | ||||||||
Accenture plc, Class A(a) | 4,224 | 954,582 | ||||||
Akamai Technologies, Inc.*(a) | 9,024 | 997,513 | ||||||
Black Knight, Inc.*(a) | 12,096 | 1,052,957 | ||||||
Booz Allen Hamilton Holding Corp.(a) | 11,520 | 955,929 | ||||||
Broadridge Financial Solutions, Inc.(a) | 7,296 | 963,072 | ||||||
MAXIMUS, Inc. | 12,864 | 880,026 | ||||||
MongoDB, Inc.*(a) | 4,416 | 1,022,348 | ||||||
Okta, Inc.* | 4,416 | 944,362 | ||||||
VeriSign, Inc.* | 4,800 | 983,280 | ||||||
8,754,069 | ||||||||
Life Sciences Tools & Services - 0.9% | ||||||||
Bio-Rad Laboratories, Inc., Class A*(a) | 1,920 | 989,683 | ||||||
Repligen Corp.* | 6,720 | 991,469 | ||||||
1,981,152 | ||||||||
Machinery - 1.4% | ||||||||
Caterpillar, Inc.(a) | 7,104 | 1,059,561 | ||||||
Graco, Inc.(a) | 17,088 | 1,048,349 | ||||||
Toro Co. (The) | 13,440 | 1,128,288 | ||||||
3,236,198 | ||||||||
Metals & Mining - 0.8% | ||||||||
Newmont Corp. | 15,360 | 974,592 | ||||||
Royal Gold, Inc. | 7,296 | 876,760 | ||||||
1,851,352 | ||||||||
Multiline Retail - 1.6% | ||||||||
Dollar General Corp.(a) | 4,992 | 1,046,423 | ||||||
Dollar Tree, Inc.*(a) | 9,600 | 876,864 | ||||||
Ollie's Bargain Outlet Holdings, Inc.* | 9,024 | 788,246 | ||||||
Target Corp. | 6,528 | 1,027,638 | ||||||
3,739,171 | ||||||||
Multi-Utilities - 0.9% | ||||||||
Consolidated Edison, Inc.(a) | 14,208 | 1,105,382 | ||||||
Dominion Energy, Inc.(a) | 12,864 | 1,015,356 | ||||||
2,120,738 | ||||||||
Oil, Gas & Consumable Fuels - 2.7% | ||||||||
Cabot Oil & Gas Corp.(a) | 53,760 | 933,274 | ||||||
Cheniere Energy, Inc.*(a) | 19,776 | 915,036 | ||||||
Concho Resources, Inc.(a) | 19,776 | 872,517 | ||||||
ConocoPhillips(a) | 26,688 | 876,434 | ||||||
EOG Resources, Inc.(a) | 23,232 | 834,958 | ||||||
EQT Corp.(a) | 64,128 | 829,175 | ||||||
Equitrans Midstream Corp.(a) | 95,616 | 808,911 | ||||||
6,070,305 | ||||||||
Pharmaceuticals - 1.3% | ||||||||
Eli Lilly and Co.(a) | 6,720 | 994,694 | ||||||
Johnson & Johnson(a) | 6,528 | 971,889 | ||||||
Merck & Co., Inc. | 11,712 | 971,510 | ||||||
2,938,093 | ||||||||
Professional Services - 1.3% | ||||||||
FTI Consulting, Inc.*(a) | 8,640 | 915,581 | ||||||
Nielsen Holdings plc | 66,432 | 942,006 | ||||||
Verisk Analytics, Inc. | 5,376 | 996,226 | ||||||
2,853,813 | ||||||||
Road & Rail - 1.6% | ||||||||
JB Hunt Transport Services, Inc.(a) | 7,104 | 897,803 | ||||||
Knight-Swift Transportation Holdings, Inc.(a) | 21,696 | 883,027 | ||||||
Landstar System, Inc.(a) | 7,296 | 915,575 | ||||||
Old Dominion Freight Line, Inc. | 4,992 | 903,153 | ||||||
3,599,558 | ||||||||
Semiconductors & Semiconductor Equipment - 0.9% | ||||||||
Texas Instruments, Inc. | 7,104 | 1,014,380 | ||||||
Xilinx, Inc. | 9,600 | 1,000,704 | ||||||
2,015,084 | ||||||||
Software - 7.0% | ||||||||
Adobe, Inc.*(a) | 1,920 | 941,626 | ||||||
Autodesk, Inc.*(a) | 4,032 | 931,432 | ||||||
Citrix Systems, Inc.(a) | 6,912 | 951,852 | ||||||
Coupa Software, Inc.*(a) | 3,072 | 842,465 | ||||||
DocuSign, Inc.*(a) | 4,608 | 991,826 | ||||||
Dropbox, Inc., Class A*(a) | 48,960 | 942,970 | ||||||
Fortinet, Inc.*(a) | 7,296 | 859,542 | ||||||
Guidewire Software, Inc.*(a) | 9,024 | 940,932 | ||||||
NortonLifeLock, Inc. | 41,472 | 864,276 | ||||||
Oracle Corp. | 17,472 | 1,043,078 | ||||||
RingCentral, Inc., Class A* | 3,456 | 949,052 | ||||||
Smartsheet, Inc., Class A* | 19,200 | 948,864 | ||||||
Teradata Corp.* | 40,896 | 928,339 | ||||||
Tyler Technologies, Inc.* | 2,880 | 1,003,853 | ||||||
Zoom Video Communications, Inc., Class A* | 3,456 | 1,624,700 | ||||||
Zscaler, Inc.* | 7,104 | 999,462 | ||||||
15,764,269 | ||||||||
Specialty Retail - 1.3% | ||||||||
Murphy USA, Inc.* | 7,296 | 935,858 | ||||||
O'Reilly Automotive, Inc.* | 2,112 | 973,801 | ||||||
Tractor Supply Co. | 6,528 | 935,723 | ||||||
2,845,382 | ||||||||
Textiles, Apparel & Luxury Goods - 1.3% | ||||||||
Columbia Sportswear Co.(a) | 12,096 | 1,052,110 | ||||||
Hanesbrands, Inc.(a) | 64,512 | 1,016,064 |
AGF Investments Trust
AGFiQ U.S. Market Neutral Anti-Beta Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Lululemon Athletica, Inc.*(a) | 2,688 | 885,347 | ||||||
2,953,521 | ||||||||
Thrifts & Mortgage Finance - 0.4% | ||||||||
New York Community Bancorp, Inc. | 111,168 | 919,359 | ||||||
Trading Companies & Distributors - 0.9% | ||||||||
MSC Industrial Direct Co., Inc., Class A | 15,744 | 996,280 | ||||||
Watsco, Inc. | 4,032 | 939,013 | ||||||
1,935,293 | ||||||||
TOTAL COMMON STOCKS (Cost $187,883,360) | 194,006,663 | |||||||
TOTAL LONG POSITIONS (Cost $187,883,360) | 194,006,663 | |||||||
SHORT POSITIONS - (87.8)% | ||||||||
COMMON STOCKS - (87.8)% | ||||||||
Aerospace & Defense - (2.1)% | ||||||||
Boeing Co. (The) | (5,952 | ) | (983,628 | ) | ||||
Raytheon Technologies Corp. | (16,704 | ) | (961,148 | ) | ||||
Spirit AeroSystems Holdings, Inc., Class A | (49,920 | ) | (943,987 | ) | ||||
Textron, Inc. | (26,112 | ) | (942,382 | ) | ||||
TransDigm Group, Inc. | (2,112 | ) | (1,003,453 | ) | ||||
(4,834,598 | ) | |||||||
Air Freight & Logistics - (0.4)% | ||||||||
XPO Logistics, Inc.* | (11,712 | ) | (991,538 | ) | ||||
Airlines - (2.2)% | ||||||||
Alaska Air Group, Inc. | (27,648 | ) | (1,012,746 | ) | ||||
American Airlines Group, Inc. | (79,488 | ) | (976,907 | ) | ||||
Delta Air Lines, Inc. | (33,984 | ) | (1,039,231 | ) | ||||
JetBlue Airways Corp.* | (91,008 | ) | (1,031,121 | ) | ||||
United Airlines Holdings, Inc.* | (29,568 | ) | (1,027,488 | ) | ||||
(5,087,493 | ) | |||||||
Auto Components - (0.5)% | ||||||||
Aptiv plc | (11,904 | ) | (1,091,359 | ) | ||||
Automobiles - (0.4)% | ||||||||
Thor Industries, Inc. | (9,984 | ) | (951,076 | ) | ||||
Banks - (3.4)% | ||||||||
Citigroup, Inc. | (19,968 | ) | (860,821 | ) | ||||
Citizens Financial Group, Inc. | (40,128 | ) | (1,014,436 | ) | ||||
Fifth Third Bancorp | (49,920 | ) | (1,064,294 | ) | ||||
Hancock Whitney Corp. | (51,648 | ) | (971,499 | ) | ||||
PacWest Bancorp | (53,568 | ) | (914,941 | ) | ||||
Sterling Bancorp | (86,208 | ) | (906,908 | ) | ||||
Synovus Financial Corp. | (47,040 | ) | (995,837 | ) | ||||
TCF Financial Corp. | (38,208 | ) | (892,539 | ) | ||||
(7,621,275 | ) | |||||||
Beverages - (0.9)% | ||||||||
Constellation Brands, Inc., Class A | (5,568 | ) | (1,055,192 | ) | ||||
Monster Beverage Corp.* | (12,096 | ) | (970,099 | ) | ||||
(2,025,291 | ) | |||||||
Biotechnology - (1.7)% | ||||||||
FibroGen, Inc.* | (24,384 | ) | (1,002,670 | ) | ||||
Immunomedics, Inc.* | (24,576 | ) | (2,089,697 | ) | ||||
Intercept Pharmaceuticals, Inc.* | (20,928 | ) | (867,675 | ) | ||||
(3,960,042 | ) | |||||||
Building Products - (0.5)% | ||||||||
Fortune Brands Home & Security, Inc. | (11,904 | ) | (1,029,934 | ) | ||||
Capital Markets - (0.5)% | ||||||||
Evercore, Inc., Class A | (15,936 | ) | (1,043,171 | ) | ||||
Chemicals - (3.1)% | ||||||||
Avient Corp. | (38,976 | ) | (1,031,305 | ) | ||||
Cabot Corp. | (26,304 | ) | (947,733 | ) | ||||
Chemours Co. (The) | (48,576 | ) | (1,015,724 | ) | ||||
Eastman Chemical Co. | (13,824 | ) | (1,079,931 | ) | ||||
Ingevity Corp.* | (17,856 | ) | (882,801 | ) | ||||
LyondellBasell Industries NV, Class A | (14,592 | ) | (1,028,590 | ) | ||||
W R Grace & Co. | (24,192 | ) | (974,696 | ) | ||||
(6,960,780 | ) | |||||||
Commercial Services & Supplies - (0.4)% | ||||||||
Cimpress plc* | (10,752 | ) | (808,120 | ) | ||||
Communications Equipment - (0.8)% | ||||||||
CommScope Holding Co., Inc.* | (98,496 | ) | (886,464 | ) | ||||
ViaSat, Inc.* | (25,344 | ) | (871,580 | ) | ||||
(1,758,044 | ) | |||||||
Construction & Engineering - (0.4)% | ||||||||
Fluor Corp. | (107,328 | ) | (945,560 | ) | ||||
Construction Materials - (0.5)% | ||||||||
Eagle Materials, Inc. | (12,096 | ) | (1,044,127 | ) | ||||
Consumer Finance - (2.0)% | ||||||||
Ally Financial, Inc. | (45,504 | ) | (1,140,785 | ) | ||||
Capital One Financial Corp. | (15,360 | ) | (1,103,770 | ) | ||||
Discover Financial Services | (19,776 | ) | (1,142,657 | ) | ||||
Synchrony Financial | (41,472 | ) | (1,085,322 | ) | ||||
(4,472,534 | ) | |||||||
Diversified Financial Services - (0.4)% | ||||||||
Equitable Holdings, Inc. | (48,000 | ) | (875,520 | ) |
AGF Investments Trust
AGFiQ U.S. Market Neutral Anti-Beta Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Diversified Telecommunication Services - (0.4)% | ||||||||
Liberty Latin America Ltd., Class C* | (106,560 | ) | (867,398 | ) | ||||
Electric Utilities - (2.2)% | ||||||||
Entergy Corp. | (10,560 | ) | (1,040,477 | ) | ||||
NRG Energy, Inc. | (29,952 | ) | (920,724 | ) | ||||
OGE Energy Corp. | (32,448 | ) | (973,116 | ) | ||||
PNM Resources, Inc. | (23,424 | ) | (968,114 | ) | ||||
PPL Corp. | (36,672 | ) | (997,845 | ) | ||||
(4,900,276 | ) | |||||||
Electrical Equipment - (0.4)% | ||||||||
nVent Electric plc | (52,032 | ) | (920,446 | ) | ||||
Electronic Equipment, Instruments & Components - (2.2)% | ||||||||
Belden, Inc. | (29,760 | ) | (926,131 | ) | ||||
CDW Corp. | (9,216 | ) | (1,101,589 | ) | ||||
Coherent, Inc.* | (9,024 | ) | (1,001,032 | ) | ||||
FLIR Systems, Inc. | (28,224 | ) | (1,011,830 | ) | ||||
Jabil, Inc. | (29,568 | ) | (1,013,000 | ) | ||||
(5,053,582 | ) | |||||||
Energy Equipment & Services - (0.7)% | ||||||||
Halliburton Co. | (64,128 | ) | (772,743 | ) | ||||
Helmerich & Payne, Inc. | (61,248 | ) | (897,283 | ) | ||||
(1,670,026 | ) | |||||||
Entertainment - (0.8)% | ||||||||
Cinemark Holdings, Inc. | (77,376 | ) | (773,760 | ) | ||||
Live Nation Entertainment, Inc.* | (19,200 | ) | (1,034,496 | ) | ||||
(1,808,256 | ) | |||||||
Equity Real Estate Investment Trusts (REITs) - (7.0)% | ||||||||
American Campus Communities, Inc. | (31,104 | ) | (1,086,152 | ) | ||||
Apple Hospitality REIT, Inc. | (101,952 | ) | (979,759 | ) | ||||
Colony Capital, Inc. | (362,688 | ) | (990,138 | ) | ||||
EPR Properties | (32,640 | ) | (897,600 | ) | ||||
Gaming and Leisure Properties, Inc. | (27,456 | ) | (1,013,950 | ) | ||||
Lamar Advertising Co., Class A | (14,976 | ) | (990,962 | ) | ||||
National Health Investors, Inc. | (16,512 | ) | (995,178 | ) | ||||
Outfront Media, Inc. | (62,016 | ) | (902,333 | ) | ||||
Park Hotels & Resorts, Inc. | (111,360 | ) | (1,112,486 | ) | ||||
Pebblebrook Hotel Trust | (81,408 | ) | (1,020,042 | ) | ||||
RLJ Lodging Trust | (108,288 | ) | (937,774 | ) | ||||
Sabra Health Care REIT, Inc. | (69,312 | ) | (955,466 | ) | ||||
Simon Property Group, Inc. | (15,360 | ) | (993,485 | ) | ||||
Ventas, Inc. | (24,960 | ) | (1,047,322 | ) | ||||
Vornado Realty Trust | (28,416 | ) | (957,903 | ) | ||||
Weyerhaeuser Co. | (34,560 | ) | (985,651 | ) | ||||
(15,866,201 | ) | |||||||
Food & Staples Retailing - (1.4)% | ||||||||
Performance Food Group Co.* | (30,720 | ) | (1,063,526 | ) | ||||
Sysco Corp. | (17,664 | ) | (1,099,054 | ) | ||||
US Foods Holding Corp.* | (44,544 | ) | (989,768 | ) | ||||
(3,152,348 | ) | |||||||
Food Products - (1.0)% | ||||||||
Darling Ingredients, Inc.* | (30,912 | ) | (1,113,760 | ) | ||||
Lamb Weston Holdings, Inc. | (16,512 | ) | (1,094,250 | ) | ||||
(2,208,010 | ) | |||||||
Health Care Equipment & Supplies - (2.3)% | ||||||||
Align Technology, Inc.* | (3,456 | ) | (1,131,356 | ) | ||||
Intuitive Surgical, Inc.* | (1,536 | ) | (1,089,854 | ) | ||||
LivaNova plc* | (22,272 | ) | (1,006,917 | ) | ||||
NuVasive, Inc.* | (19,968 | ) | (969,846 | ) | ||||
Stryker Corp. | (5,376 | ) | (1,120,197 | ) | ||||
(5,318,170 | ) | |||||||
Health Care Providers & Services - (4.5)% | ||||||||
Acadia Healthcare Co., Inc.* | (33,984 | ) | (1,001,848 | ) | ||||
Anthem, Inc. | (3,840 | ) | (1,031,386 | ) | ||||
Encompass Health Corp. | (16,512 | ) | (1,072,950 | ) | ||||
HCA Healthcare, Inc. | (7,680 | ) | (957,542 | ) | ||||
HealthEquity, Inc.* | (18,816 | ) | (966,578 | ) | ||||
Humana, Inc. | (2,496 | ) | (1,033,070 | ) | ||||
Laboratory Corp. of America Holdings* | (5,760 | ) | (1,084,435 | ) | ||||
Tenet Healthcare Corp.* | (38,784 | ) | (950,596 | ) | ||||
UnitedHealth Group, Inc. | (3,264 | ) | (1,017,617 | ) | ||||
Universal Health Services, Inc., Class B | (9,408 | ) | (1,006,844 | ) | ||||
(10,122,866 | ) | |||||||
Hotels, Restaurants & Leisure - (4.1)% | ||||||||
Carnival Corp. | (66,432 | ) | (1,008,438 | ) | ||||
Darden Restaurants, Inc. | (12,288 | ) | (1,237,893 | ) | ||||
Hilton Grand Vacations, Inc.* | (49,344 | ) | (1,035,237 | ) | ||||
Marriott Vacations Worldwide Corp. | (11,328 | ) | (1,028,696 | ) | ||||
MGM Resorts International | (46,080 | ) | (1,002,240 | ) | ||||
Norwegian Cruise Line Holdings Ltd.* | (64,512 | ) | (1,103,800 | ) | ||||
Planet Fitness, Inc., Class A* | (17,472 | ) | (1,076,625 | ) | ||||
Royal Caribbean Cruises Ltd. | (16,128 | ) | (1,043,965 | ) | ||||
Wynn Resorts Ltd. | (11,904 | ) | (854,826 | ) | ||||
(9,391,720 | ) | |||||||
Household Durables - (1.4)% | ||||||||
Mohawk Industries, Inc.* | (10,944 | ) | (1,068,025 | ) | ||||
Tempur Sealy International, Inc.* | (11,520 | ) | (1,027,469 | ) | ||||
Toll Brothers, Inc. | (22,464 | ) | (1,093,098 | ) | ||||
(3,188,592 | ) | |||||||
Household Products - (0.8)% | ||||||||
Energizer Holdings, Inc. | (21,120 | ) | (826,637 | ) | ||||
Spectrum Brands Holdings, Inc. | (17,088 | ) | (976,750 | ) | ||||
(1,803,387 | ) | |||||||
Insurance - (4.6)% | ||||||||
American Financial Group, Inc. | (15,360 | ) | (1,028,813 | ) | ||||
American International Group, Inc. | (34,944 | ) | (962,008 | ) | ||||
Assured Guaranty Ltd. | (47,424 | ) | (1,018,668 | ) | ||||
Athene Holding Ltd., Class A* | (27,456 | ) | (935,700 | ) | ||||
Brighthouse Financial, Inc.* | (32,640 | ) | (878,342 | ) |
AGF Investments Trust
AGFiQ U.S. Market Neutral Anti-Beta Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Lincoln National Corp. | (28,224 | ) | (884,258 | ) | ||||
Primerica, Inc. | (8,064 | ) | (912,361 | ) | ||||
Principal Financial Group, Inc. | (23,232 | ) | (935,553 | ) | ||||
Prudential Financial, Inc. | (14,784 | ) | (939,080 | ) | ||||
Reinsurance Group of America, Inc. | (10,944 | ) | (1,041,759 | ) | ||||
Unum Group | (55,296 | ) | (930,632 | ) | ||||
(10,467,174 | ) | |||||||
Interactive Media & Services - (0.9)% | ||||||||
TripAdvisor, Inc. | (44,352 | ) | (868,856 | ) | ||||
Zillow Group, Inc., Class C* | (12,096 | ) | (1,228,832 | ) | ||||
(2,097,688 | ) | |||||||
Internet & Direct Marketing Retail - (0.4)% | ||||||||
Wayfair, Inc., Class A* | (2,880 | ) | (838,109 | ) | ||||
IT Services - (3.4)% | ||||||||
DXC Technology Co. | (52,224 | ) | (932,199 | ) | ||||
Euronet Worldwide, Inc.* | (9,792 | ) | (892,051 | ) | ||||
Gartner, Inc.* | (7,680 | ) | (959,616 | ) | ||||
Global Payments, Inc. | (5,760 | ) | (1,022,861 | ) | ||||
KBR, Inc. | (42,048 | ) | (940,193 | ) | ||||
Science Applications International Corp. | (12,480 | ) | (978,682 | ) | ||||
Square, Inc., Class A* | (6,528 | ) | (1,061,126 | ) | ||||
WEX, Inc.* | (6,336 | ) | (880,514 | ) | ||||
(7,667,242 | ) | |||||||
Leisure Products - (0.4)% | ||||||||
Brunswick Corp. | (16,512 | ) | (972,722 | ) | ||||
Life Sciences Tools & Services - (1.7)% | ||||||||
Charles River Laboratories International, Inc.* | (4,608 | ) | (1,043,481 | ) | ||||
IQVIA Holdings, Inc.* | (6,336 | ) | (998,744 | ) | ||||
PRA Health Sciences, Inc.* | (9,792 | ) | (993,300 | ) | ||||
Syneos Health, Inc.* | (16,704 | ) | (887,985 | ) | ||||
(3,923,510 | ) | |||||||
Machinery - (3.0)% | ||||||||
Colfax Corp.* | (29,952 | ) | (939,295 | ) | ||||
Middleby Corp. (The)* | (10,752 | ) | (964,562 | ) | ||||
Parker-Hannifin Corp. | (4,800 | ) | (971,232 | ) | ||||
Stanley Black & Decker, Inc. | (6,336 | ) | (1,027,699 | ) | ||||
Timken Co. (The) | (18,624 | ) | (1,009,793 | ) | ||||
Westinghouse Air Brake Technologies Corp. | (15,168 | ) | (938,596 | ) | ||||
Woodward, Inc. | (12,096 | ) | (969,615 | ) | ||||
(6,820,792 | ) | |||||||
Media - (1.7)% | ||||||||
Interpublic Group of Cos., Inc. (The) | (56,640 | ) | (944,189 | ) | ||||
Liberty Media Corp-Liberty SiriusXM* | (28,224 | ) | (933,650 | ) | ||||
Nexstar Media Group, Inc., Class A | (10,944 | ) | (984,194 | ) | ||||
ViacomCBS, Inc. | (36,480 | ) | (1,021,804 | ) | ||||
(3,883,837 | ) | |||||||
Metals & Mining - (0.8)% | ||||||||
Alcoa Corp.* | (67,392 | ) | (783,769 | ) | ||||
Freeport-McMoRan, Inc. | (67,584 | ) | (1,057,014 | ) | ||||
(1,840,783 | ) | |||||||
Mortgage Real Estate Investment Trusts (REITs) - (1.7)% | ||||||||
Blackstone Mortgage Trust, Inc., Class A | (43,200 | ) | (949,104 | ) | ||||
New Residential Investment Corp. | (131,136 | ) | (1,042,531 | ) | ||||
Starwood Property Trust, Inc. | (65,472 | ) | (987,973 | ) | ||||
Two Harbors Investment Corp. | (181,632 | ) | (924,507 | ) | ||||
(3,904,115 | ) | |||||||
Multiline Retail - (0.4)% | ||||||||
Kohl's Corp. | (48,960 | ) | (907,229 | ) | ||||
Multi-Utilities - (2.2)% | ||||||||
Black Hills Corp. | (18,624 | ) | (996,198 | ) | ||||
CenterPoint Energy, Inc. | (51,648 | ) | (999,389 | ) | ||||
DTE Energy Co. | (8,832 | ) | (1,016,033 | ) | ||||
MDU Resources Group, Inc. | (44,160 | ) | (993,600 | ) | ||||
NorthWestern Corp. | (19,584 | ) | (952,566 | ) | ||||
(4,957,786 | ) | |||||||
Oil, Gas & Consumable Fuels - (1.9)% | ||||||||
Apache Corp. | (72,192 | ) | (683,658 | ) | ||||
Marathon Petroleum Corp. | (28,800 | ) | (844,992 | ) | ||||
Noble Energy, Inc. | (100,992 | ) | (863,482 | ) | ||||
ONEOK, Inc. | (38,208 | ) | (992,644 | ) | ||||
Targa Resources Corp. | (59,328 | ) | (832,372 | ) | ||||
(4,217,148 | ) | |||||||
Paper & Forest Products - (0.4)% | ||||||||
Louisiana-Pacific Corp. | (30,912 | ) | (912,213 | ) | ||||
Personal Products - (0.5)% | ||||||||
Nu Skin Enterprises, Inc., Class A | (21,120 | ) | (1,057,901 | ) | ||||
Pharmaceuticals - (0.4)% | ||||||||
Elanco Animal Health, Inc.* | (36,096 | ) | (1,008,161 | ) | ||||
Professional Services - (0.4)% | ||||||||
Insperity, Inc. | (14,976 | ) | (980,778 | ) | ||||
Real Estate Management & Development - (0.4)% | ||||||||
Howard Hughes Corp. (The)* | (17,664 | ) | (1,017,446 | ) | ||||
Road & Rail - (0.4)% | ||||||||
Lyft, Inc., Class A* | (34,368 | ) | (946,838 | ) | ||||
Semiconductors & Semiconductor Equipment - (3.5)% | ||||||||
Applied Materials, Inc. | (15,936 | ) | (947,395 | ) | ||||
Lam Research Corp. | (2,880 | ) | (955,440 | ) | ||||
Microchip Technology, Inc. | (9,408 | ) | (966,766 | ) | ||||
Micron Technology, Inc.* | (22,656 | ) | (1,063,926 | ) |
AGF Investments Trust
AGFiQ U.S. Market Neutral Anti-Beta Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
NXP Semiconductors NV | (7,872 | ) | (982,505 | ) | ||||
ON Semiconductor Corp.* | (46,848 | ) | (1,016,133 | ) | ||||
Teradyne, Inc. | (11,328 | ) | (900,123 | ) | ||||
Universal Display Corp. | (5,568 | ) | (1,006,360 | ) | ||||
(7,838,648 | ) | |||||||
Software - (2.4)% | ||||||||
Anaplan, Inc.* | (17,472 | ) | (1,093,398 | ) | ||||
Nutanix, Inc., Class A* | (46,848 | ) | (1,039,088 | ) | ||||
Paylocity Holding Corp.* | (7,104 | ) | (1,146,728 | ) | ||||
SS&C Technologies Holdings, Inc. | (15,744 | ) | (952,827 | ) | ||||
Trade Desk, Inc. (The), Class A* | (2,112 | ) | (1,095,663 | ) | ||||
(5,327,704 | ) | |||||||
Specialty Retail - (1.4)% | ||||||||
Aaron's, Inc. | (18,048 | ) | (1,022,419 | ) | ||||
Carvana Co.* | (4,800 | ) | (1,070,688 | ) | ||||
National Vision Holdings, Inc.* | (26,496 | ) | (1,013,207 | ) | ||||
(3,106,314 | ) | |||||||
Technology Hardware, Storage & Peripherals - (1.9)% | ||||||||
NCR Corp.* | (49,344 | ) | (1,092,476 | ) | ||||
Pure Storage, Inc., Class A* | (67,392 | ) | (1,037,163 | ) | ||||
Western Digital Corp. | (29,568 | ) | (1,080,710 | ) | ||||
Xerox Holdings Corp. | (53,952 | ) | (1,012,679 | ) | ||||
(4,223,028 | ) | |||||||
Textiles, Apparel & Luxury Goods - (1.5)% | ||||||||
Capri Holdings Ltd.* | (63,168 | ) | (1,137,024 | ) | ||||
PVH Corp. | (19,200 | ) | (1,145,088 | ) | ||||
Tapestry, Inc. | (68,352 | ) | (1,068,342 | ) | ||||
(3,350,454 | ) | |||||||
Thrifts & Mortgage Finance - (0.4)% | ||||||||
MGIC Investment Corp. | (115,008 | ) | (1,018,971 | ) | ||||
Trading Companies & Distributors - (1.3)% | ||||||||
Air Lease Corp. | (33,792 | ) | (994,161 | ) | ||||
United Rentals, Inc.* | (5,760 | ) | (1,005,120 | ) | ||||
Univar Solutions, Inc.* | (55,680 | ) | (939,878 | ) | ||||
(2,939,159 | ) | |||||||
Transportation Infrastructure - (0.4)% | ||||||||
Macquarie Infrastructure Corp. | (36,096 | ) | (970,621 | ) | ||||
TOTAL COMMON STOCKS (Proceeds $(207,650,970)) | (198,968,111 | ) | ||||||
TOTAL SHORT POSITIONS (Proceeds $(207,650,970)) | (198,968,111 | ) | ||||||
Total Investments - (2.2)% (Cost $(19,767,610)) | (4,961,448 | ) | ||||||
Other assets less liabilities - 102.2% | 231,544,967 | |||||||
Net Assets - 100.0% | 226,583,519 |
* | Non-income producing security. |
(a) | All or a portion of this security is segregated in connection with obligations for securities sold short with a total value of $110,348,781. |
AGF Investments Trust
AGFiQ U.S. Market Neutral Anti-Beta Fund
Schedule of Investments
September 30, 2020 (Unaudited)
OTC Total return swap contracts outstanding as of September 30, 2020
Notional Amount | Termination | Counterparty | Rate Paid | Payment Frequency | Underlying | Value and Unrealized Appreciation/ (Depreciation) ($) | ||||||||||||
USD | 22,246,093 | 9/30/2021 | Morgan Stanley | 0.50 | % | Monthly | Dow Jones U.S. Low Beta Total Return Index(4) | 1,644,467 | ||||||||||
USD | (19,902,233) | 9/30/2021 | Morgan Stanley | (0.25 | )% | Monthly | Dow Jones U.S. High Beta Total Return Index(5) | 751,523 | ||||||||||
2,395,990 |
(1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. | |
(2) | Reflects the floating financing rate, as of September 30, 2020, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. Payments may be made at the conclusion of the agreement or periodically during its term. | |
(3) | The 50 largest components of the referenced underlying Swap Index can be found at https://www.agf.com/us/resources | |
(4) | The Dow Jones U.S. Low Beta Total Return Index (DJTLABT) is designed to measure the performance of 200 companies ranked as having the lowest beta. Beta is calculated using weekly returns for the previous 52 weeks. Dividends are reinvested. | |
(5) | The Dow Jones U.S. High Beta Total Return Index (DJTSABT) is designed to measure the performance of 200 companies ranked as having the highest beta. Beta is calculated using weekly returns for the previous 52 weeks. Dividends are reinvested. |
Abbreviations
USD | US Dollar |
AGF Investments Trust
AGFiQ Hedged Dividend Income Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
LONG POSITIONS - 97.5% | ||||||||
COMMON STOCKS - 95.6% | ||||||||
Aerospace & Defense - 1.0% | ||||||||
Huntington Ingalls Industries, Inc. | 210 | 29,558 | ||||||
Banks - 7.8% | ||||||||
Citizens Financial Group, Inc.(a) | 1,167 | 29,502 | ||||||
Comerica, Inc. | 771 | 29,491 | ||||||
First Horizon National Corp.(a) | 3,138 | 29,591 | ||||||
Huntington Bancshares, Inc.(a) | 3,219 | 29,518 | ||||||
People's United Financial, Inc. | 2,877 | 29,662 | ||||||
Regions Financial Corp. | 2,559 | 29,505 | ||||||
Synovus Financial Corp. | 1,395 | 29,532 | ||||||
United Bankshares, Inc. | 1,383 | 29,693 | ||||||
236,494 | ||||||||
Beverages - 2.0% | ||||||||
Coca-Cola Co. (The) | 600 | 29,622 | ||||||
Molson Coors Beverage Co., Class B | 885 | 29,701 | ||||||
59,323 | ||||||||
Biotechnology - 1.9% | ||||||||
AbbVie, Inc.(a) | 336 | 29,430 | ||||||
Gilead Sciences, Inc. | 468 | 29,573 | ||||||
59,003 | ||||||||
Chemicals - 2.9% | ||||||||
CF Industries Holdings, Inc.(a) | 963 | 29,574 | ||||||
Chemours Co. (The) | 1,407 | 29,420 | ||||||
Eastman Chemical Co.(a) | 378 | 29,529 | ||||||
88,523 | ||||||||
Communications Equipment - 1.9% | ||||||||
Cisco Systems, Inc. | 750 | 29,542 | ||||||
Juniper Networks, Inc.(a) | 1,380 | 29,670 | ||||||
59,212 | ||||||||
Containers & Packaging - 1.0% | ||||||||
International Paper Co.(a) | 729 | 29,554 | ||||||
Distributors - 1.0% | ||||||||
Genuine Parts Co.(a) | 309 | 29,408 | ||||||
Diversified Telecommunication Services - 1.9% | ||||||||
AT&T, Inc. | 1,038 | 29,593 | ||||||
Verizon Communications, Inc. | 498 | 29,626 | ||||||
59,219 | ||||||||
Electric Utilities - 10.7% | ||||||||
American Electric Power Co., Inc. | 360 | 29,423 | ||||||
Duke Energy Corp.(a) | 333 | 29,491 | ||||||
Edison International(a) | 579 | 29,436 | ||||||
Entergy Corp. | 300 | 29,559 | ||||||
Exelon Corp.(a) | 825 | 29,502 | ||||||
Hawaiian Electric Industries, Inc. | 885 | 29,417 | ||||||
OGE Energy Corp. | 987 | 29,600 | ||||||
Pinnacle West Capital Corp. | 396 | 29,522 | ||||||
Portland General Electric Co. | 831 | 29,501 | ||||||
PPL Corp. | 1,083 | 29,468 | ||||||
Southern Co. (The) | 546 | 29,604 | ||||||
324,523 | ||||||||
Electronic Equipment, Instruments & Components - 1.0% | ||||||||
Corning, Inc.(a) | 909 | 29,461 | ||||||
Energy Equipment & Services - 1.0% | ||||||||
Baker Hughes Co.(a) | 2,220 | 29,504 | ||||||
Equity Real Estate Investment Trusts (REITs) - 11.7% | ||||||||
American Campus Communities, Inc. | 849 | 29,647 | ||||||
Federal Realty Investment Trust | 405 | 29,743 | ||||||
Gaming and Leisure Properties, Inc.(a) | 795 | 29,359 | ||||||
Healthpeak Properties, Inc. | 1,092 | 29,648 | ||||||
Iron Mountain, Inc.(a) | 1,101 | 29,496 | ||||||
Medical Properties Trust, Inc. | 1,686 | 29,724 | ||||||
National Retail Properties, Inc. | 858 | 29,610 | ||||||
Omega Healthcare Investors, Inc. | 990 | 29,641 | ||||||
Physicians Realty Trust | 1,650 | 29,551 | ||||||
Regency Centers Corp. | 777 | 29,542 | ||||||
VICI Properties, Inc. | 1,263 | 29,516 | ||||||
WP Carey, Inc. | 456 | 29,713 | ||||||
355,190 | ||||||||
Food & Staples Retailing - 1.0% | ||||||||
Walgreens Boots Alliance, Inc. | 822 | 29,526 | ||||||
Food Products - 1.9% | ||||||||
Flowers Foods, Inc. | 1,212 | 29,488 | ||||||
Kellogg Co.(a) | 459 | 29,647 | ||||||
59,135 | ||||||||
Gas Utilities - 2.0% | ||||||||
National Fuel Gas Co. | 732 | 29,712 | ||||||
Southwest Gas Holdings, Inc. | 471 | 29,720 | ||||||
59,432 | ||||||||
Health Care Providers & Services - 1.0% | ||||||||
Cardinal Health, Inc. | 627 | 29,438 | ||||||
Household Durables - 2.9% | ||||||||
Leggett & Platt, Inc.(a) | 714 | 29,395 | ||||||
Newell Brands, Inc. | 1,710 | 29,344 | ||||||
Whirlpool Corp. | 159 | 29,238 | ||||||
87,977 | ||||||||
Independent Power and Renewable Electricity Producers - 1.0% | ||||||||
NextEra Energy Partners LP | 489 | 29,320 | ||||||
Industrial Conglomerates - 1.0% | ||||||||
3M Co.(a) | 186 | 29,793 | ||||||
Insurance - 1.9% | ||||||||
Prudential Financial, Inc. | 465 | 29,537 | ||||||
Unum Group | 1,761 | 29,637 | ||||||
59,174 |
AGF Investments Trust
AGFiQ Hedged Dividend Income Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
IT Services - 1.9% | ||||||||
International Business Machines Corp.(a) | 243 | 29,566 | ||||||
Western Union Co. (The) | 1,374 | 29,445 | ||||||
59,011 | ||||||||
Leisure Products - 1.0% | ||||||||
Hasbro, Inc.(a) | 357 | 29,531 | ||||||
Machinery - 1.0% | ||||||||
Crane Co.(a) | 591 | 29,627 | ||||||
Media - 2.9% | ||||||||
Interpublic Group of Cos., Inc. (The)(a) | 1,773 | 29,556 | ||||||
Omnicom Group, Inc. | 597 | 29,552 | ||||||
ViacomCBS, Inc. | 1,044 | 29,242 | ||||||
88,350 | ||||||||
Metals & Mining - 1.9% | ||||||||
Nucor Corp. | 657 | 29,473 | ||||||
Steel Dynamics, Inc. | 1,035 | 29,632 | ||||||
59,105 | ||||||||
Mortgage Real Estate Investment Trusts (REITs) - 1.9% | ||||||||
Blackstone Mortgage Trust, Inc., Class A(a) | 1,341 | 29,462 | ||||||
Starwood Property Trust, Inc. | 1,956 | 29,516 | ||||||
58,978 | ||||||||
Multi-Utilities - 7.8% | ||||||||
Black Hills Corp. | 552 | 29,526 | ||||||
Consolidated Edison, Inc.(a) | 381 | 29,642 | ||||||
Dominion Energy, Inc.(a) | 375 | 29,599 | ||||||
DTE Energy Co. | 258 | 29,680 | ||||||
MDU Resources Group, Inc.(a) | 1,314 | 29,565 | ||||||
NiSource, Inc. | 1,338 | 29,436 | ||||||
Public Service Enterprise Group, Inc. | 537 | 29,487 | ||||||
Sempra Energy | 249 | 29,472 | ||||||
236,407 | ||||||||
Oil, Gas & Consumable Fuels - 7.8% | ||||||||
Antero Midstream Corp. | 5,472 | 29,385 | ||||||
Chevron Corp.(a) | 411 | 29,592 | ||||||
ConocoPhillips(a) | 900 | 29,556 | ||||||
Kinder Morgan, Inc.(a) | 2,385 | 29,407 | ||||||
Marathon Petroleum Corp. | 1,002 | 29,399 | ||||||
Phillips 66 | 567 | 29,393 | ||||||
Valero Energy Corp. | 681 | 29,501 | ||||||
Williams Cos., Inc. (The) | 1,485 | 29,180 | ||||||
235,413 | ||||||||
Pharmaceuticals - 1.0% | ||||||||
Pfizer, Inc. | 804 | 29,507 | ||||||
Semiconductors & Semiconductor Equipment - 1.0% | ||||||||
Broadcom, Inc.(a) | 81 | 29,510 | ||||||
Technology Hardware, Storage & Peripherals - 3.9% | ||||||||
Hewlett Packard Enterprise Co.(a) | 3,135 | 29,375 | ||||||
HP, Inc.(a) | 1,548 | 29,397 | ||||||
NetApp, Inc. | 672 | 29,460 | ||||||
Xerox Holdings Corp. | 1,575 | 29,563 | ||||||
117,795 | ||||||||
Textiles, Apparel & Luxury Goods - 1.0% | ||||||||
Hanesbrands, Inc.(a) | 1,866 | 29,389 | ||||||
Thrifts & Mortgage Finance - 1.0% | ||||||||
New York Community Bancorp, Inc. | 3,564 | 29,474 | ||||||
Tobacco - 2.0% | ||||||||
Altria Group, Inc. | 765 | 29,560 | ||||||
Philip Morris International, Inc. | 396 | 29,696 | ||||||
59,256 | ||||||||
Trading Companies & Distributors - 1.0% | ||||||||
MSC Industrial Direct Co., Inc., Class A | 465 | 29,425 | ||||||
TOTAL COMMON STOCKS (Cost $3,011,776) | 2,893,545 | |||||||
MASTER LIMITED PARTNERSHIPS - 1.9% | ||||||||
Industrial Conglomerates - 1.0% | ||||||||
Icahn Enterprises LP | 600 | 29,592 | ||||||
Oil, Gas & Consumable Fuels - 0.9% | ||||||||
Enterprise Products Partners LP(a) | 1,869 | 29,511 | ||||||
TOTAL MASTER LIMITED PARTNERSHIPS (Cost $78,682) | 59,103 | |||||||
TOTAL LONG POSITIONS (Cost $3,090,458) | 2,952,648 | |||||||
SHORT POSITIONS - (48.7)% | ||||||||
COMMON STOCKS - (48.5)% | ||||||||
Aerospace & Defense - (0.5)% | ||||||||
Teledyne Technologies, Inc.* | (24 | ) | (7,445 | ) | ||||
TransDigm Group, Inc. | (15 | ) | (7,127 | ) | ||||
(14,572 | ) | |||||||
Airlines - (0.2)% | ||||||||
United Airlines Holdings, Inc.* | (210 | ) | (7,297 | ) |
AGF Investments Trust
AGFiQ Hedged Dividend Income Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Automobiles - (0.3)% | ||||||||
Tesla, Inc.* | (18 | ) | (7,722 | ) | ||||
Banks - (1.0)% | ||||||||
First Citizens BancShares, Inc., Class A | (24 | ) | (7,651 | ) | ||||
First Financial Bankshares, Inc. | (264 | ) | (7,368 | ) | ||||
First Republic Bank | (66 | ) | (7,198 | ) | ||||
SVB Financial Group* | (30 | ) | (7,219 | ) | ||||
(29,436 | ) | |||||||
Beverages - (0.8)% | ||||||||
Boston Beer Co., Inc. (The), Class A* | (9 | ) | (7,950 | ) | ||||
Brown-Forman Corp., Class B | (99 | ) | (7,457 | ) | ||||
Monster Beverage Corp.* | (93 | ) | (7,459 | ) | ||||
(22,866 | ) | |||||||
Capital Markets - (3.6)% | ||||||||
Affiliated Managers Group, Inc. | (108 | ) | (7,385 | ) | ||||
E*TRADE Financial Corp. | (147 | ) | (7,357 | ) | ||||
FactSet Research Systems, Inc. | (21 | ) | (7,033 | ) | ||||
Hamilton Lane, Inc., Class A | (114 | ) | (7,363 | ) | ||||
Intercontinental Exchange, Inc. | (72 | ) | (7,204 | ) | ||||
KKR & Co., Inc. | (213 | ) | (7,314 | ) | ||||
LPL Financial Holdings, Inc. | (96 | ) | (7,360 | ) | ||||
MarketAxess Holdings, Inc. | (15 | ) | (7,224 | ) | ||||
Moody's Corp. | (24 | ) | (6,956 | ) | ||||
Morningstar, Inc. | (45 | ) | (7,227 | ) | ||||
MSCI, Inc. | (21 | ) | (7,492 | ) | ||||
Nasdaq, Inc. | (60 | ) | (7,363 | ) | ||||
S&P Global, Inc. | (21 | ) | (7,573 | ) | ||||
SEI Investments Co. | (144 | ) | (7,304 | ) | ||||
Stifel Financial Corp. | (144 | ) | (7,281 | ) | ||||
(109,436 | ) | |||||||
Chemicals - (1.2)% | ||||||||
Balchem Corp. | (75 | ) | (7,322 | ) | ||||
Ecolab, Inc. | (36 | ) | (7,194 | ) | ||||
Mosaic Co. (The) | (402 | ) | (7,345 | ) | ||||
Quaker Chemical Corp. | (42 | ) | (7,548 | ) | ||||
Sherwin-Williams Co. (The) | (9 | ) | (6,271 | ) | ||||
(35,680 | ) | |||||||
Commercial Services & Supplies - (0.2)% | ||||||||
Copart, Inc.* | (69 | ) | (7,256 | ) | ||||
Construction Materials - (0.2)% | ||||||||
Eagle Materials, Inc. | (84 | ) | (7,251 | ) | ||||
Consumer Finance - (0.7)% | ||||||||
American Express Co. | (72 | ) | (7,218 | ) | ||||
Credit Acceptance Corp.* | (21 | ) | (7,112 | ) | ||||
LendingTree, Inc.* | (24 | ) | (7,365 | ) | ||||
(21,695 | ) | |||||||
Containers & Packaging - (0.7)% | ||||||||
Ball Corp. | (90 | ) | (7,481 | ) | ||||
Berry Global Group, Inc.* | (153 | ) | (7,393 | ) | ||||
Crown Holdings, Inc.* | (96 | ) | (7,378 | ) | ||||
(22,252 | ) | |||||||
Diversified Financial Services - (0.5)% | ||||||||
Berkshire Hathaway, Inc., Class B* | (36 | ) | (7,666 | ) | ||||
Voya Financial, Inc. | (153 | ) | (7,333 | ) | ||||
(14,999 | ) | |||||||
Electric Utilities - (4.4)% | ||||||||
Alliant Energy Corp. | (285 | ) | (14,720 | ) | ||||
Evergy, Inc. | (291 | ) | (14,789 | ) | ||||
Eversource Energy | (177 | ) | (14,788 | ) | ||||
FirstEnergy Corp. | (513 | ) | (14,728 | ) | ||||
IDACORP, Inc. | (186 | ) | (14,862 | ) | ||||
NextEra Energy, Inc. | (54 | ) | (14,988 | ) | ||||
NRG Energy, Inc. | (480 | ) | (14,755 | ) | ||||
PNM Resources, Inc. | (357 | ) | (14,755 | ) | ||||
Xcel Energy, Inc. | (213 | ) | (14,699 | ) | ||||
(133,084 | ) | |||||||
Electrical Equipment - (0.3)% | ||||||||
Generac Holdings, Inc.* | (39 | ) | (7,552 | ) | ||||
Energy Equipment & Services - (0.5)% | ||||||||
Halliburton Co. | (609 | ) | (7,338 | ) | ||||
National Oilwell Varco, Inc. | (816 | ) | (7,393 | ) | ||||
(14,731 | ) | |||||||
Entertainment - (0.7)% | ||||||||
Electronic Arts, Inc.* | (57 | ) | (7,433 | ) | ||||
Liberty Media Corp-Liberty Formula One, Class C* | (201 | ) | (7,290 | ) | ||||
Netflix, Inc.* | (15 | ) | (7,501 | ) | ||||
(22,224 | ) | |||||||
Equity Real Estate Investment Trusts (REITs) - (1.5)% | ||||||||
American Homes 4 Rent, Class A | (258 | ) | (7,348 | ) | ||||
American Tower Corp. | (30 | ) | (7,252 | ) | ||||
Equinix, Inc. | (9 | ) | (6,841 | ) | ||||
Equity Commonwealth | (276 | ) | (7,350 | ) | ||||
Rexford Industrial Realty, Inc. | (162 | ) | (7,413 | ) | ||||
SBA Communications Corp. | (24 | ) | (7,643 | ) | ||||
(43,847 | ) | |||||||
Food & Staples Retailing - (1.2)% | ||||||||
BJ's Wholesale Club Holdings, Inc.* | (177 | ) | (7,354 | ) | ||||
Casey's General Stores, Inc. | (42 | ) | (7,461 | ) | ||||
Grocery Outlet Holding Corp.* | (186 | ) | (7,314 | ) | ||||
Performance Food Group Co.* | (210 | ) | (7,270 | ) | ||||
US Foods Holding Corp.* | (330 | ) | (7,333 | ) | ||||
(36,732 | ) | |||||||
Food Products - (1.2)% | ||||||||
Beyond Meat, Inc.* | (45 | ) | (7,473 | ) | ||||
Darling Ingredients, Inc.* | (204 | ) | (7,350 | ) | ||||
Freshpet, Inc.* | (66 | ) | (7,369 | ) | ||||
Hain Celestial Group, Inc. (The)* | (213 | ) | (7,306 | ) | ||||
Post Holdings, Inc.* | (87 | ) | (7,482 | ) | ||||
(36,980 | ) |
AGF Investments Trust
AGFiQ Hedged Dividend Income Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Gas Utilities - (1.5)% | ||||||||
Atmos Energy Corp. | (153 | ) | (14,625 | ) | ||||
ONE Gas, Inc. | (213 | ) | (14,699 | ) | ||||
UGI Corp. | (450 | ) | (14,841 | ) | ||||
(44,165 | ) | |||||||
Health Care Equipment & Supplies - (1.2)% | ||||||||
Boston Scientific Corp.* | (192 | ) | (7,337 | ) | ||||
DexCom, Inc.* | (18 | ) | (7,420 | ) | ||||
Edwards Lifesciences Corp.* | (93 | ) | (7,423 | ) | ||||
IDEXX Laboratories, Inc.* | (18 | ) | (7,076 | ) | ||||
Intuitive Surgical, Inc.* | (9 | ) | (6,386 | ) | ||||
(35,642 | ) | |||||||
Health Care Providers & Services - (0.2)% | ||||||||
Centene Corp.* | (126 | ) | (7,350 | ) | ||||
Health Care Technology - (0.3)% | ||||||||
Veeva Systems, Inc., Class A* | (27 | ) | (7,592 | ) | ||||
Hotels, Restaurants & Leisure - (0.5)% | ||||||||
Chipotle Mexican Grill, Inc.* | (6 | ) | (7,462 | ) | ||||
DraftKings, Inc., Class A* | (126 | ) | (7,414 | ) | ||||
(14,876 | ) | |||||||
Household Durables - (0.4)% | ||||||||
NVR, Inc.* | (3 | ) | (12,249 | ) | ||||
Independent Power and Renewable Electricity Producers - (2.0)% | ||||||||
AES Corp. (The) | (816 | ) | (14,778 | ) | ||||
Clearway Energy, Inc. | (546 | ) | (14,720 | ) | ||||
Ormat Technologies, Inc. | (249 | ) | (14,718 | ) | ||||
Vistra Corp. | (780 | ) | (14,711 | ) | ||||
(58,927 | ) | |||||||
Insurance - (3.7)% | ||||||||
Alleghany Corp. | (15 | ) | (7,807 | ) | ||||
Arthur J Gallagher & Co. | (69 | ) | (7,285 | ) | ||||
Brown & Brown, Inc. | (162 | ) | (7,334 | ) | ||||
Globe Life, Inc. | (93 | ) | (7,431 | ) | ||||
Goosehead Insurance, Inc., Class A | (84 | ) | (7,274 | ) | ||||
Kemper Corp. | (111 | ) | (7,418 | ) | ||||
Kinsale Capital Group, Inc. | (39 | ) | (7,417 | ) | ||||
Loews Corp. | (213 | ) | (7,402 | ) | ||||
Markel Corp.* | (9 | ) | (8,763 | ) | ||||
Marsh & McLennan Cos., Inc. | (63 | ) | (7,226 | ) | ||||
National General Holdings Corp. | (219 | ) | (7,391 | ) | ||||
Primerica, Inc. | (66 | ) | (7,467 | ) | ||||
RLI Corp. | (87 | ) | (7,284 | ) | ||||
Selective Insurance Group, Inc. | (144 | ) | (7,415 | ) | ||||
W R Berkley Corp. | (120 | ) | (7,338 | ) | ||||
(112,252 | ) | |||||||
Interactive Media & Services - (1.0)% | ||||||||
Alphabet, Inc., Class A* | (6 | ) | (8,794 | ) | ||||
Facebook, Inc., Class A* | (27 | ) | (7,071 | ) | ||||
Snap, Inc., Class A* | (282 | ) | (7,363 | ) | ||||
Twitter, Inc.* | (165 | ) | (7,342 | ) | ||||
(30,570 | ) | |||||||
Internet & Direct Marketing Retail - (0.7)% | ||||||||
Amazon.com, Inc.* | (3 | ) | (9,446 | ) | ||||
Booking Holdings, Inc.* | (3 | ) | (5,132 | ) | ||||
Wayfair, Inc., Class A* | (24 | ) | (6,984 | ) | ||||
(21,562 | ) | |||||||
IT Services - (1.2)% | ||||||||
Fiserv, Inc.* | (72 | ) | (7,419 | ) | ||||
Okta, Inc.* | (33 | ) | (7,057 | ) | ||||
PayPal Holdings, Inc.* | (36 | ) | (7,093 | ) | ||||
Square, Inc., Class A* | (45 | ) | (7,315 | ) | ||||
Twilio, Inc., Class A* | (30 | ) | (7,413 | ) | ||||
(36,297 | ) | |||||||
Leisure Products - (0.3)% | ||||||||
Peloton Interactive, Inc., Class A* | (75 | ) | (7,443 | ) | ||||
Life Sciences Tools & Services - (0.2)% | ||||||||
Illumina, Inc.* | (24 | ) | (7,418 | ) | ||||
Machinery - (0.2)% | ||||||||
Ingersoll Rand, Inc.* | (207 | ) | (7,369 | ) | ||||
Media - (0.5)% | ||||||||
Charter Communications, Inc., Class A* | (12 | ) | (7,492 | ) | ||||
Liberty Broadband Corp., Class C* | (51 | ) | (7,286 | ) | ||||
(14,778 | ) | |||||||
Metals & Mining - (0.7)% | ||||||||
Freeport-McMoRan, Inc. | (471 | ) | (7,366 | ) | ||||
Newmont Corp. | (117 | ) | (7,424 | ) | ||||
Royal Gold, Inc. | (60 | ) | (7,210 | ) | ||||
(22,000 | ) | |||||||
Multiline Retail - (0.2)% | ||||||||
Dollar Tree, Inc.* | (81 | ) | (7,399 | ) | ||||
Multi-Utilities - (2.0)% | ||||||||
Ameren Corp. | (186 | ) | (14,709 | ) | ||||
CenterPoint Energy, Inc. | (762 | ) | (14,745 | ) | ||||
CMS Energy Corp. | (240 | ) | (14,738 | ) | ||||
WEC Energy Group, Inc. | (153 | ) | (14,826 | ) | ||||
(59,018 | ) | |||||||
Oil, Gas & Consumable Fuels - (4.1)% | ||||||||
Apache Corp. | (780 | ) | (7,387 | ) | ||||
Cabot Oil & Gas Corp. | (426 | ) | (7,395 | ) | ||||
Cheniere Energy, Inc.* | (159 | ) | (7,357 | ) | ||||
Concho Resources, Inc. | (168 | ) | (7,412 | ) | ||||
Devon Energy Corp. | (777 | ) | (7,351 | ) | ||||
Diamondback Energy, Inc. | (243 | ) | (7,319 | ) | ||||
EOG Resources, Inc. | (204 | ) | (7,332 | ) | ||||
EQT Corp. | (567 | ) | (7,331 | ) | ||||
Exxon Mobil Corp. | (213 | ) | (7,312 | ) | ||||
Hess Corp. | (180 | ) | (7,367 | ) | ||||
HollyFrontier Corp. | (372 | ) | (7,332 | ) | ||||
Marathon Oil Corp. | (1,800 | ) | (7,362 | ) | ||||
Noble Energy, Inc. | (864 | ) | (7,387 | ) |
AGF Investments Trust
AGFiQ Hedged Dividend Income Fund
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Parsley Energy, Inc., Class A | (792 | ) | (7,413 | ) | ||||
Pioneer Natural Resources Co. | (87 | ) | (7,481 | ) | ||||
Texas Pacific Land Trust | (15 | ) | (6,774 | ) | ||||
WPX Energy, Inc.* | (1,494 | ) | (7,321 | ) | ||||
(124,633 | ) | |||||||
Personal Products - (0.2)% | ||||||||
Estee Lauder Cos., Inc. (The), Class A | (33 | ) | (7,202 | ) | ||||
Professional Services - (0.3)% | ||||||||
CoStar Group, Inc.* | (9 | ) | (7,637 | ) | ||||
Real Estate Management & Development - (1.0)% | ||||||||
CBRE Group, Inc., Class A* | (156 | ) | (7,327 | ) | ||||
Howard Hughes Corp. (The)* | (129 | ) | (7,430 | ) | ||||
Jones Lang LaSalle, Inc. | (78 | ) | (7,462 | ) | ||||
Redfin Corp.* | (147 | ) | (7,340 | ) | ||||
(29,559 | ) | |||||||
Road & Rail - (0.5)% | ||||||||
Lyft, Inc., Class A* | (267 | ) | (7,356 | ) | ||||
Uber Technologies, Inc.* | (204 | ) | (7,442 | ) | ||||
(14,798 | ) | |||||||
Semiconductors & Semiconductor Equipment - (0.5)% | ||||||||
Advanced Micro Devices, Inc.* | (90 | ) | (7,379 | ) | ||||
Micron Technology, Inc.* | (156 | ) | (7,326 | ) | ||||
(14,705 | ) | |||||||
Software - (3.1)% | ||||||||
Adobe, Inc.* | (15 | ) | (7,356 | ) | ||||
ANSYS, Inc.* | (21 | ) | (6,872 | ) | ||||
Autodesk, Inc.* | (30 | ) | (6,930 | ) | ||||
Cadence Design Systems, Inc.* | (69 | ) | (7,358 | ) | ||||
Crowdstrike Holdings, Inc., Class A* | (54 | ) | (7,415 | ) | ||||
DocuSign, Inc.* | (33 | ) | (7,103 | ) | ||||
RingCentral, Inc., Class A* | (27 | ) | (7,415 | ) | ||||
salesforce.com, Inc.* | (30 | ) | (7,540 | ) | ||||
ServiceNow, Inc.* | (15 | ) | (7,275 | ) | ||||
Splunk, Inc.* | (39 | ) | (7,337 | ) | ||||
Synopsys, Inc.* | (33 | ) | (7,061 | ) | ||||
Workday, Inc., Class A* | (33 | ) | (7,099 | ) | ||||
Zoom Video Communications, Inc., Class A* | (15 | ) | (7,052 | ) | ||||
(93,813 | ) | |||||||
Specialty Retail - (0.7)% | ||||||||
AutoZone, Inc.* | (6 | ) | (7,066 | ) | ||||
CarMax, Inc.* | (81 | ) | (7,445 | ) | ||||
O'Reilly Automotive, Inc.* | (15 | ) | (6,916 | ) | ||||
(21,427 | ) | |||||||
Thrifts & Mortgage Finance - (0.2)% | ||||||||
PennyMac Financial Services, Inc. | (126 | ) | (7,323 | ) | ||||
Trading Companies & Distributors - (0.2)% | ||||||||
United Rentals, Inc.* | (42 | ) | (7,329 | ) | ||||
Water Utilities - (1.0)% | ||||||||
American Water Works Co., Inc. | (102 | ) | (14,778 | ) | ||||
Essential Utilities, Inc. | (366 | ) | (14,731 | ) | ||||
(29,509 | ) | |||||||
Wireless Telecommunication Services - (0.2)% | ||||||||
T-Mobile US, Inc.* | (63 | ) | (7,205 | ) | ||||
TOTAL COMMON STOCKS (Proceeds $(1,521,768)) | (1,467,659 | ) | ||||||
MASTER LIMITED PARTNERSHIPS - (0.2)% | ||||||||
Oil, Gas & Consumable Fuels - (0.2)% | ||||||||
Magellan Midstream Partners LP (Proceeds $(7,282)) | (213 | ) | (7,284 | ) | ||||
TOTAL SHORT POSITIONS (Proceeds $(1,529,050)) | (1,474,943 | ) | ||||||
Total Investments - 48.8% (Cost $1,561,408) | 1,477,705 | |||||||
Other assets less liabilities - 51.2% | 1,549,312 | |||||||
Net Assets - 100.0% | 3,027,017 |
* | Non-income producing security. |
(a) | All or a portion of this security is segregated in connection with obligations for securities sold short with a total value of $996,668. |
AGF Investments Trust
AGFiQ Global Infrastructure ETF
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
COMMON STOCKS - 99.3% | ||||||||
Construction & Engineering - 4.5% | ||||||||
Vinci SA | 1,219 | 102,218 | ||||||
Diversified Telecommunication Services - 4.8% | ||||||||
Cellnex Telecom SA | 489 | 29,813 | ||||||
China Tower Corp. Ltd., Class H | 388,850 | 67,233 | ||||||
Infrastrutture Wireless Italiane SpA | 1,276 | 14,123 | ||||||
111,169 | ||||||||
Electric Utilities - 13.4% | ||||||||
AusNet Services | 7,744 | 10,428 | ||||||
Duke Energy Corp. | 288 | 25,505 | ||||||
Edison International | 440 | 22,370 | ||||||
EDP - Energias do Brasil SA | 4,178 | 12,952 | ||||||
Endesa SA | 292 | 7,816 | ||||||
Eversource Energy | 420 | 35,091 | ||||||
Fortis, Inc. | 1,006 | 41,130 | ||||||
Iberdrola SA | 1,132 | 13,949 | ||||||
Mercury NZ Ltd. | 3,842 | 12,963 | ||||||
NextEra Energy, Inc. | 92 | 25,535 | ||||||
OGE Energy Corp. | 530 | 15,895 | ||||||
Power Assets Holdings Ltd. | 2,848 | 14,920 | ||||||
Southern Co. (The) | 416 | 22,555 | ||||||
Terna Rete Elettrica Nazionale SpA | 2,704 | 18,939 | ||||||
Xcel Energy, Inc. | 380 | 26,224 | ||||||
306,272 | ||||||||
Equity Real Estate Investment Trusts (REITs) - 23.5% | ||||||||
American Tower Corp. | 889 | 214,898 | ||||||
Ascendas REIT | 5,303 | 12,587 | ||||||
Crown Castle International Corp. | 1,103 | 183,649 | ||||||
Digital Realty Trust, Inc. | 71 | 10,420 | ||||||
Equinix, Inc. | 28 | 21,284 | ||||||
Japan Logistics Fund, Inc. | 5 | 14,294 | ||||||
SBA Communications Corp. | 181 | 57,645 | ||||||
STAG Industrial, Inc. | 798 | 24,331 | ||||||
539,108 | ||||||||
Gas Utilities - 5.0% | ||||||||
Atmos Energy Corp. | 246 | 23,515 | ||||||
China Gas Holdings Ltd. | 4,200 | 11,923 | ||||||
China Resources Gas Group Ltd. | 2,426 | 10,831 | ||||||
Enagas SA | 672 | 15,517 | ||||||
ENN Energy Holdings Ltd. | 1,964 | 21,388 | ||||||
Hong Kong & China Gas Co. Ltd. | 9,464 | 13,555 | ||||||
Italgas SpA | 2,016 | 12,728 | ||||||
Spire, Inc. | 120 | 6,384 | ||||||
115,841 | ||||||||
Independent Power and Renewable Electricity Producers - 0.5% | ||||||||
Capital Power Corp. | 550 | 12,140 | ||||||
IT Services - 0.5% | ||||||||
GDS Holdings Ltd., ADR* | 132 | 10,801 | ||||||
Multi-Utilities - 13.7% | ||||||||
A2A SpA | 6,104 | 8,874 | ||||||
AGL Energy Ltd. | 502 | 4,897 | ||||||
Consolidated Edison, Inc. | 532 | 41,390 | ||||||
DTE Energy Co. | 242 | 27,840 | ||||||
E.ON SE | 1,698 | 18,770 | ||||||
National Grid plc | 7,576 | 86,984 | ||||||
REN - Redes Energeticas Nacionais SGPS SA | 3,650 | 10,142 | ||||||
RWE AG | 324 | 12,148 | ||||||
Sempra Energy | 636 | 75,277 | ||||||
WEC Energy Group, Inc. | 297 | 28,779 | ||||||
315,101 | ||||||||
Oil, Gas & Consumable Fuels - 18.9% | ||||||||
Enbridge, Inc. | 5,520 | 161,262 | ||||||
Kinder Morgan, Inc. | 5,349 | 65,953 | ||||||
ONEOK, Inc. | 582 | 15,121 | ||||||
Pembina Pipeline Corp. | 1,622 | 34,424 | ||||||
TC Energy Corp. | 2,276 | 95,549 | ||||||
Williams Cos., Inc. (The) | 3,105 | 61,013 | ||||||
433,322 | ||||||||
Road & Rail - 2.4% | ||||||||
Canadian National Railway Co. | 151 | 16,082 | ||||||
Kyushu Railway Co. | 416 | 8,863 | ||||||
Union Pacific Corp. | 153 | 30,121 | ||||||
55,066 | ||||||||
Transportation Infrastructure - 8.5% | ||||||||
Aena SME SA* | 264 | 36,926 | ||||||
ASTM SpA* | 756 | 15,839 | ||||||
Auckland International Airport Ltd. | 2,354 | 11,345 | ||||||
COSCO SHIPPING Ports Ltd. | 17,514 | 9,989 | ||||||
Flughafen Zurich AG (Registered)* | 114 | 15,669 | ||||||
Jiangsu Expressway Co. Ltd., Class H | 7,254 | 7,301 | ||||||
Shenzhen Expressway Co. Ltd., Class H | 11,032 | 9,580 | ||||||
Sydney Airport | 4,694 | 19,702 | ||||||
Transurban Group | 5,522 | 55,807 | ||||||
Zhejiang Expressway Co. Ltd., Class H | 18,000 | 12,983 | ||||||
195,141 | ||||||||
Water Utilities - 3.6% | ||||||||
American Water Works Co., Inc. | 246 | 35,640 | ||||||
Guangdong Investment Ltd. | 11,750 | 18,588 | ||||||
United Utilities Group plc | 2,600 | 28,711 | ||||||
82,939 | ||||||||
TOTAL COMMON STOCKS (Cost $2,439,231) | 2,279,118 |
AGF Investments Trust
AGFiQ Global Infrastructure ETF
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
EXCHANGE TRADED FUNDS - 0.3% | ||||||||
SPDR S&P Global Infrastructure ETF (Cost $7,631) | 144 | 6,401 | ||||||
Total Investments - 99.6% (Cost $2,446,862) | 2,285,519 | |||||||
Other assets less liabilities - 0.4% | 8,158 | |||||||
Net Assets - 100.0% | 2,293,677 |
* | Non-income producing security. |
Abbreviations | |
ADR | American Depositary Receipt |
SPDR | Standard & Poor's Depositary Receipt |
AGFiQ Global Infrastructure ETF invested, as a percentage of net assets, in the following countries as of September 30, 2020:
Australia | 4.0 | % | ||
Brazil | 0.6 | % | ||
Canada | 15.7 | % | ||
China | 7.9 | % | ||
France | 4.5 | % | ||
Germany | 1.3 | % | ||
Hong Kong | 1.2 | % | ||
Italy | 3.1 | % | ||
Japan | 1.0 | % | ||
New Zealand | 1.1 | % | ||
Portugal | 0.4 | % | ||
Singapore | 0.5 | % | ||
Spain | 4.5 | % | ||
Switzerland | 0.7 | % | ||
United Kingdom | 5.0 | % | ||
United States | 48.1 | % | ||
Other(1) | 0.4 | % | ||
100.0 | % |
(1) | Includes any non-equity securities and net other assets (liabilities). |
AGF Investments Trust
AGFiQ Dynamic Hedged U.S. Equity ETF
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
EXCHANGE TRADED FUNDS - 99.7% | ||||||||
AGFiQ U.S. Market Neutral Anti-Beta Fund(a) | 17,243 | 406,762 | ||||||
Communication Services Select Sector SPDR Fund | 4,807 | 285,536 | ||||||
Consumer Discretionary Select Sector SPDR Fund | 840 | 123,463 | ||||||
Consumer Staples Select Sector SPDR Fund | 4,546 | 291,399 | ||||||
Energy Select Sector SPDR Fund | 293 | 8,775 | ||||||
Financial Select Sector SPDR Fund | 12,671 | 304,991 | ||||||
Health Care Select Sector SPDR Fund | 4,416 | 465,800 | ||||||
Industrial Select Sector SPDR Fund | 1,663 | 128,018 | ||||||
Materials Select Sector SPDR Fund | 2,074 | 131,989 | ||||||
Real Estate Select Sector SPDR Fund | 1,886 | 66,519 | ||||||
Technology Select Sector SPDR Fund | 5,561 | 648,969 | ||||||
Utilities Select Sector SPDR Fund | 1,254 | 74,463 | ||||||
TOTAL EXCHANGE TRADED FUNDS (Cost $2,546,465) | 2,936,684 | |||||||
Total Investments - 99.7% (Cost $2,546,465) | 2,936,684 | |||||||
Other assets less liabilities - 0.3% | 9,443 | |||||||
Net Assets - 100.0% | 2,946,127 |
(a) | Affiliated company as defined under the Investment Company Act of 1940. |
Investment in a company which was affiliated for the period ended September 30, 2020, was as follows:
Security | Value June 30, 2020 | Purchases at Cost | Sales Proceeds | Shares September 30, 2020 | Value September 30, 2020 | Change in Unrealized Appreciation (Depreciation) | Dividend Income | Realized Loss | ||||||||||||||||||||||||
AGFiQ U.S. Market Neutral Anti-Beta Fund | $ | — | $ | 425,580 | $ | 1,362 | 17,243 | $ | 406,762 | $ | (17,416 | ) | $ | – | $ | (40 | ) |