AGF Investments Trust
AGFiQ U.S. Market Neutral Anti-Beta Fund
Schedule of Investments
March 31, 2022 (Unaudited)
Investments | Shares | Value ($) | ||||||
LONG POSITIONS - 88.5% | ||||||||
COMMON STOCKS - 88.5% | ||||||||
Aerospace & Defense - 2.9% | ||||||||
BWX Technologies, Inc.(a) | 12,410 | 668,403 | ||||||
General Dynamics Corp. | 2,628 | 633,821 | ||||||
Huntington Ingalls Industries, Inc. | 3,066 | 611,483 | ||||||
L3Harris Technologies, Inc. | 2,628 | 652,979 | ||||||
Lockheed Martin Corp. | 1,460 | 644,444 | ||||||
Northrop Grumman Corp. | 1,460 | 652,941 | ||||||
3,864,071 | ||||||||
Air Freight & Logistics - 0.5% | ||||||||
CH Robinson Worldwide, Inc.(a) | 6,132 | 660,478 | ||||||
Airlines - 0.4% | ||||||||
Southwest Airlines Co.* | 12,702 | 581,752 | ||||||
Automobiles - 0.4% | ||||||||
Thor Industries, Inc. | 6,716 | 528,549 | ||||||
Banks - 1.2% | ||||||||
Bank OZK | 12,118 | 517,439 | ||||||
People's United Financial, Inc. | 27,010 | 539,930 | ||||||
Wintrust Financial Corp. | 5,840 | 542,711 | ||||||
1,600,080 | ||||||||
Biotechnology - 4.4% | ||||||||
ACADIA Pharmaceuticals, Inc.*(a) | 22,776 | 551,635 | ||||||
Alkermes plc*(a) | 23,214 | 610,760 | ||||||
Alnylam Pharmaceuticals, Inc.*(a) | 3,796 | 619,849 | ||||||
Biohaven Pharmaceutical Holding Co. Ltd.*(a) | 4,380 | 519,337 | ||||||
Exelixis, Inc.* | 28,908 | 655,344 | ||||||
Gilead Sciences, Inc. | 9,198 | 546,821 | ||||||
Incyte Corp.* | 8,322 | 660,933 | ||||||
Neurocrine Biosciences, Inc.* | 6,570 | 615,937 | ||||||
Vertex Pharmaceuticals, Inc.* | 2,482 | 647,728 | ||||||
Vir Biotechnology, Inc.* | 20,148 | 518,207 | ||||||
5,946,551 | ||||||||
Capital Markets - 2.5% | ||||||||
Cboe Global Markets, Inc.(a) | 4,964 | 567,981 | ||||||
CME Group, Inc.(a) | 2,336 | 555,641 | ||||||
FactSet Research Systems, Inc. | 1,460 | 633,859 | ||||||
MarketAxess Holdings, Inc. | 1,460 | 496,692 | ||||||
Morgan Stanley | 5,986 | 523,176 | ||||||
Virtu Financial, Inc., Class A | 16,352 | 608,622 | ||||||
3,385,971 | ||||||||
Chemicals - 0.9% | ||||||||
Air Products and Chemicals, Inc.(a) | 2,336 | 583,790 | ||||||
NewMarket Corp. | 1,752 | 568,314 | ||||||
1,152,104 | ||||||||
Commercial Services & Supplies - 2.4% | ||||||||
Clean Harbors, Inc.*(a) | 5,986 | 668,277 | ||||||
Republic Services, Inc. | 4,818 | 638,385 | ||||||
Rollins, Inc. | 18,542 | 649,897 | ||||||
Stericycle, Inc.* | 9,928 | 584,958 | ||||||
Waste Management, Inc. | 3,942 | 624,807 | ||||||
3,166,324 | ||||||||
Construction & Engineering - 0.4% | ||||||||
MDU Resources Group, Inc. | 21,170 | 564,180 | ||||||
Consumer Finance - 0.4% | ||||||||
FirstCash Holdings, Inc. | 7,592 | 534,021 | ||||||
Containers & Packaging - 3.5% | ||||||||
Amcor plc(a) | 48,180 | 545,879 | ||||||
Ball Corp.(a) | 6,278 | 565,020 | ||||||
Crown Holdings, Inc.(a) | 4,672 | 584,421 | ||||||
International Paper Co. | 12,410 | 572,722 | ||||||
Packaging Corp. of America | 3,796 | 592,594 | ||||||
Silgan Holdings, Inc. | 13,432 | 620,961 | ||||||
Sonoco Products Co. | 9,782 | 611,962 | ||||||
Westrock Co. | 12,410 | 583,642 | ||||||
4,677,201 | ||||||||
Diversified Consumer Services - 2.8% | ||||||||
Bright Horizons Family Solutions, Inc.*(a) | 4,380 | 581,182 | ||||||
Chegg, Inc.*(a) | 19,272 | 699,188 | ||||||
Grand Canyon Education, Inc.* | 6,424 | 623,835 | ||||||
H&R Block, Inc. | 23,798 | 619,700 | ||||||
Service Corp. International | 9,636 | 634,242 | ||||||
Terminix Global Holdings, Inc.* | 13,578 | 619,564 | ||||||
3,777,711 | ||||||||
Diversified Financial Services - 0.5% | ||||||||
Apollo Global Management, Inc. | — | (b) | 23 | |||||
Berkshire Hathaway, Inc., Class B*(a) | 1,752 | 618,298 | ||||||
618,321 | ||||||||
Diversified Telecommunication Services - 0.8% | ||||||||
AT&T, Inc. | 23,798 | 562,347 | ||||||
Verizon Communications, Inc. | 10,512 | 535,481 | ||||||
1,097,828 | ||||||||
Electric Utilities - 3.3% | ||||||||
American Electric Power Co., Inc.(a) | 6,570 | 655,489 | ||||||
Constellation Energy Corp. | 1 | 38 | ||||||
Duke Energy Corp. | 5,694 | 635,792 | ||||||
Eversource Energy | 7,008 | 618,036 | ||||||
IDACORP, Inc. | 5,548 | 640,017 | ||||||
PNM Resources, Inc. | 12,702 | 605,504 | ||||||
PPL Corp. | 21,462 | 612,955 | ||||||
Xcel Energy, Inc. | 8,614 | 621,672 | ||||||
4,389,503 | ||||||||
Electronic Equipment, Instruments & Components - 0.4% | ||||||||
Coherent, Inc.*(a) | 2,190 | 598,658 | ||||||
Energy Equipment & Services - 0.5% | ||||||||
Baker Hughes Co.(a) | 19,272 | 701,694 |
AGF Investments Trust
AGFiQ U.S. Market Neutral Anti-Beta Fund
Schedule of Investments (continued)
March 31, 2022 (Unaudited)
Investments | Shares | Value ($) | ||||||
Entertainment - 1.7% | ||||||||
Activision Blizzard, Inc.(a) | 7,008 | 561,411 | ||||||
Electronic Arts, Inc. | 4,380 | 554,114 | ||||||
Take-Two Interactive Software, Inc.* | 3,504 | 538,705 | ||||||
Zynga, Inc., Class A* | 64,386 | 594,926 | ||||||
2,249,156 | ||||||||
Equity Real Estate Investment Trusts (REITs) - 6.6% | ||||||||
Boston Properties, Inc.(a) | 4,672 | 601,754 | ||||||
Crown Castle International Corp.(a) | 3,504 | 646,838 | ||||||
Digital Realty Trust, Inc.(a) | 4,234 | 600,381 | ||||||
Douglas Emmett, Inc.(a) | 18,104 | 605,036 | ||||||
Equity Commonwealth* | 21,024 | 593,087 | ||||||
Healthcare Trust of America, Inc., Class A | 19,126 | 599,409 | ||||||
Healthpeak Properties, Inc. | 18,104 | 621,510 | ||||||
Iron Mountain, Inc. | 13,286 | 736,177 | ||||||
Omega Healthcare Investors, Inc. | 20,294 | 632,361 | ||||||
Public Storage | 1,606 | 626,790 | ||||||
SL Green Realty Corp. | — | (b) | 21 | |||||
Ventas, Inc. | 10,950 | 676,272 | ||||||
Vornado Realty Trust | 13,432 | 608,738 | ||||||
Welltower, Inc. | 7,008 | 673,749 | ||||||
WP Carey, Inc. | 7,446 | 601,935 | ||||||
8,824,058 | ||||||||
Food Products - 2.9% | ||||||||
Campbell Soup Co.(a) | 12,556 | 559,621 | ||||||
Conagra Brands, Inc.(a) | 15,768 | 529,332 | ||||||
Flowers Foods, Inc. | 19,710 | 506,744 | ||||||
General Mills, Inc. | 8,322 | 563,566 | ||||||
Hormel Foods Corp. | 11,826 | 609,512 | ||||||
J M Smucker Co. (The) | 4,088 | 553,556 | ||||||
Kellogg Co. | 8,468 | 546,101 | ||||||
3,868,432 | ||||||||
Health Care Equipment & Supplies - 2.6% | ||||||||
Abbott Laboratories(a) | 4,818 | 570,258 | ||||||
Baxter International, Inc.(a) | 6,570 | 509,438 | ||||||
Becton Dickinson and Co.(a) | 2,044 | 543,704 | ||||||
ICU Medical, Inc.* | 2,628 | 585,098 | ||||||
Quidel Corp.* | 5,402 | 607,509 | ||||||
Tandem Diabetes Care, Inc.* | 5,402 | 628,199 | ||||||
3,444,206 | ||||||||
Health Care Providers & Services - 1.8% | ||||||||
HealthEquity, Inc.* | 10,512 | 708,929 | ||||||
Laboratory Corp. of America Holdings* | 2,044 | 538,921 | ||||||
Premier, Inc., Class A | 15,768 | 561,183 | ||||||
Quest Diagnostics, Inc.(a) | 4,380 | 599,447 | ||||||
2,408,480 | ||||||||
Health Care Technology - 0.4% | ||||||||
Cerner Corp.(a) | 5,986 | 560,050 | ||||||
Hotels, Restaurants & Leisure - 2.9% | ||||||||
Hilton Worldwide Holdings, Inc.* | 3,942 | 598,159 | ||||||
Las Vegas Sands Corp.* | 12,410 | 482,377 | ||||||
Marriott International, Inc., Class A* | 3,358 | 590,169 | ||||||
McDonald's Corp. | 2,336 | 577,646 | ||||||
Vail Resorts, Inc. | 2,190 | 569,991 | ||||||
Wendy's Co. (The) | 25,550 | 561,333 | ||||||
Wyndham Hotels & Resorts, Inc. | 6,716 | 568,778 | ||||||
3,948,453 | ||||||||
Household Durables - 0.4% | ||||||||
Newell Brands, Inc. | 22,922 | 490,760 | ||||||
Household Products - 0.8% | ||||||||
Clorox Co. (The)(a) | 3,796 | 527,758 | ||||||
Kimberly-Clark Corp. | 4,234 | 521,459 | ||||||
1,049,217 | ||||||||
Industrial Conglomerates - 0.8% | ||||||||
3M Co. | 3,942 | 586,885 | ||||||
General Electric Co. | 5,986 | 547,719 | ||||||
1,134,604 | ||||||||
Insurance - 5.9% | ||||||||
Allstate Corp. (The)(a) | 4,526 | 626,896 | ||||||
Arthur J Gallagher & Co.(a) | 3,650 | 637,290 | ||||||
Axis Capital Holdings Ltd.(a) | 10,074 | 609,175 | ||||||
Cincinnati Financial Corp.(a) | 4,526 | 615,355 | ||||||
Everest Re Group Ltd. | 1,898 | 572,019 | ||||||
Hanover Insurance Group, Inc. (The) | 4,088 | 611,238 | ||||||
Hartford Financial Services Group, Inc. (The) | 8,030 | 576,634 | ||||||
Mercury General Corp. | 10,366 | 570,130 | ||||||
MetLife, Inc. | 8,176 | 574,609 | ||||||
Progressive Corp. (The) | 5,402 | 615,774 | ||||||
RenaissanceRe Holdings Ltd. | 3,796 | 601,704 | ||||||
Travelers Cos., Inc. (The) | 3,358 | 613,608 | ||||||
White Mountains Insurance Group Ltd. | 584 | 663,564 | ||||||
7,887,996 | ||||||||
IT Services - 7.3% | ||||||||
Akamai Technologies, Inc.*(a) | 5,694 | 679,807 | ||||||
Amdocs Ltd.(a) | 7,300 | 600,133 | ||||||
Automatic Data Processing, Inc.(a) | 2,920 | 664,417 | ||||||
Broadridge Financial Solutions, Inc.(a) | 3,942 | 613,809 | ||||||
Cognizant Technology Solutions Corp., Class A(a) | 6,570 | 589,132 | ||||||
Concentrix Corp.(a) | 2,920 | 486,355 | ||||||
Fidelity National Information Services, Inc. | 6,132 | 615,775 | ||||||
Fiserv, Inc.* | 6,132 | 621,785 | ||||||
Global Payments, Inc. | 4,234 | 579,381 | ||||||
International Business Machines Corp. | 4,526 | 588,470 | ||||||
Jack Henry & Associates, Inc. | 3,358 | 661,694 | ||||||
Maximus, Inc. | 7,592 | 569,020 | ||||||
Paychex, Inc. | 4,964 | 677,437 | ||||||
VeriSign, Inc.* | 2,774 | 617,104 | ||||||
Western Union Co. (The) | 29,054 | 544,472 |
AGF Investments Trust
AGFiQ U.S. Market Neutral Anti-Beta Fund
Schedule of Investments (continued)
March 31, 2022 (Unaudited)
Investments | Shares | Value ($) | ||||||
WEX, Inc.* | 3,504 | 625,289 | ||||||
9,734,080 | ||||||||
Leisure Products - 1.2% | ||||||||
Hasbro, Inc. | 6,132 | 502,334 | ||||||
Mattel, Inc.* | 23,506 | 522,068 | ||||||
Peloton Interactive, Inc., Class A* | 20,732 | 547,739 | ||||||
1,572,141 | ||||||||
Machinery - 2.2% | ||||||||
Allison Transmission Holdings, Inc.(a) | 14,308 | 561,732 | ||||||
Cummins, Inc.(a) | 2,774 | 568,975 | ||||||
Deere & Co.(a) | 1,606 | 667,229 | ||||||
Lincoln Electric Holdings, Inc. | 4,526 | 623,728 | ||||||
Otis Worldwide Corp. | 7,446 | 572,970 | ||||||
2,994,634 | ||||||||
Media - 1.2% | ||||||||
Comcast Corp., Class A(a) | 12,410 | 581,036 | ||||||
Discovery, Inc., Class C*(a) | 20,002 | 499,450 | ||||||
Omnicom Group, Inc. | 6,716 | 570,054 | ||||||
1,650,540 | ||||||||
Metals & Mining - 0.5% | ||||||||
Newmont Corp. | 8,176 | 649,583 | ||||||
Mortgage Real Estate Investment Trusts (REITs) - 0.9% | ||||||||
AGNC Investment Corp.(a) | 43,946 | 575,693 | ||||||
Annaly Capital Management, Inc. | 82,636 | 581,757 | ||||||
1,157,450 | ||||||||
Multiline Retail - 1.4% | ||||||||
Dollar General Corp.(a) | 2,920 | 650,080 | ||||||
Dollar Tree, Inc.*(a) | 4,088 | 654,693 | ||||||
Target Corp. | 2,920 | 619,682 | ||||||
1,924,455 | ||||||||
Multi-Utilities - 1.0% | ||||||||
DTE Energy Co. | 4,818 | 636,988 | ||||||
WEC Energy Group, Inc. | 6,424 | 641,179 | ||||||
1,278,167 | ||||||||
Oil, Gas & Consumable Fuels - 2.4% | ||||||||
Equitrans Midstream Corp. | 89,206 | 752,899 | ||||||
Exxon Mobil Corp. | 7,300 | 602,907 | ||||||
Hess Corp. | 5,986 | 640,741 | ||||||
Pioneer Natural Resources Co. | 2,482 | 620,575 | ||||||
Williams Cos., Inc. (The) | 18,688 | 624,366 | ||||||
3,241,488 | ||||||||
Pharmaceuticals - 1.8% | ||||||||
Bristol-Myers Squibb Co.(a) | 8,322 | 607,756 | ||||||
Elanco Animal Health, Inc.* | 21,754 | 567,562 | ||||||
Merck & Co., Inc. | 7,446 | 610,944 | ||||||
Perrigo Co. plc | 15,622 | 600,353 | ||||||
2,386,615 | ||||||||
Professional Services - 2.9% | ||||||||
Booz Allen Hamilton Holding Corp.(a) | 8,030 | 705,355 | ||||||
CACI International, Inc., Class A*(a) | 2,336 | 703,743 | ||||||
Dun & Bradstreet Holdings, Inc.*(a) | 31,682 | 555,069 | ||||||
FTI Consulting, Inc.* | 4,088 | 642,715 | ||||||
Leidos Holdings, Inc. | 6,132 | 662,379 | ||||||
Science Applications International Corp. | 7,154 | 659,384 | ||||||
3,928,645 | ||||||||
Road & Rail - 0.9% | ||||||||
Canadian Pacific Railway Ltd. | — | (b) | 5 | |||||
Norfolk Southern Corp. | 2,190 | 624,632 | ||||||
Union Pacific Corp. | 2,336 | 638,218 | ||||||
1,262,855 | ||||||||
Semiconductors & Semiconductor Equipment - 0.5% | ||||||||
Intel Corp. | 12,556 | 622,275 | ||||||
Software - 5.4% | ||||||||
Black Knight, Inc.*(a) | 10,512 | 609,591 | ||||||
CDK Global, Inc.(a) | 12,556 | 611,226 | ||||||
Citrix Systems, Inc.(a) | 5,548 | 559,793 | ||||||
Dolby Laboratories, Inc., Class A(a) | 7,592 | 593,846 | ||||||
Dropbox, Inc., Class A*(a) | 26,718 | 621,194 | ||||||
Five9, Inc.* | 5,402 | 596,381 | ||||||
Mandiant Corp.* | 33,872 | 755,684 | ||||||
NortonLifeLock, Inc. | 21,170 | 561,428 | ||||||
Verint Systems, Inc.* | 11,242 | 581,211 | ||||||
VMware, Inc., Class A | 4,818 | 548,626 | ||||||
Zendesk, Inc.* | 4,964 | 597,120 | ||||||
Zoom Video Communications, Inc., Class A* | 4,672 | 547,699 | ||||||
7,183,799 | ||||||||
Specialty Retail - 1.5% | ||||||||
GameStop Corp., Class A* | 4,818 | 802,583 | ||||||
Murphy USA, Inc. | 3,066 | 613,077 | ||||||
O'Reilly Automotive, Inc.* | 876 | 600,025 | ||||||
2,015,685 | ||||||||
Technology Hardware, Storage & Peripherals - 0.8% | ||||||||
Dell Technologies, Inc., Class C*(a) | 9,928 | 498,286 | ||||||
Western Digital Corp.* | 10,804 | 536,419 | ||||||
1,034,705 | ||||||||
Thrifts & Mortgage Finance - 0.8% | ||||||||
New York Community Bancorp, Inc. | 49,640 | 532,141 | ||||||
Rocket Cos., Inc., Class A | 50,662 | 563,361 | ||||||
1,095,502 | ||||||||
Tobacco - 0.4% | ||||||||
Philip Morris International, Inc. | 5,110 | 480,033 | ||||||
Trading Companies & Distributors - 0.4% | ||||||||
WW Grainger, Inc. | 1,168 | 602,443 |
AGF Investments Trust
AGFiQ U.S. Market Neutral Anti-Beta Fund
Schedule of Investments (continued)
March 31, 2022 (Unaudited)
Investments | Shares | Value ($) | ||||||
TOTAL COMMON STOCKS (COST $113,167,070) | 118,525,504 | |||||||
TOTAL LONG POSITIONS (Cost $113,167,070) | 118,525,504 | |||||||
SHORT POSITIONS - (88.3)% | ||||||||
COMMON STOCKS - (87.9)% | ||||||||
Aerospace & Defense - (0.8)% | ||||||||
Axon Enterprise, Inc.* | (4,380 | ) | (603,257 | ) | ||||
Boeing Co. (The)* | (2,774 | ) | (531,221 | ) | ||||
(1,134,478 | ) | |||||||
Auto Components - (0.9)% | ||||||||
Fox Factory Holding Corp.* | (4,526 | ) | (443,322 | ) | ||||
QuantumScape Corp.* | (38,106 | ) | (761,739 | ) | ||||
(1,205,061 | ) | |||||||
Automobiles - (0.6)% | ||||||||
Tesla, Inc.* | (730 | ) | (786,648 | ) | ||||
Banks - (1.5)% | ||||||||
First Citizens BancShares, Inc., Class A | (730 | ) | (485,888 | ) | ||||
First Republic Bank | (3,358 | ) | (544,332 | ) | ||||
SVB Financial Group* | (876 | ) | (490,078 | ) | ||||
Wells Fargo & Co. | (9,928 | ) | (481,111 | ) | ||||
(2,001,409 | ) | |||||||
Biotechnology - (1.8)% | ||||||||
Blueprint Medicines Corp.* | (8,468 | ) | (540,936 | ) | ||||
Intellia Therapeutics, Inc.* | (6,716 | ) | (488,052 | ) | ||||
Natera, Inc.* | (8,906 | ) | (362,296 | ) | ||||
Novavax, Inc.* | (7,300 | ) | (537,645 | ) | ||||
Twist Bioscience Corp.* | (10,950 | ) | (540,711 | ) | ||||
(2,469,640 | ) | |||||||
Building Products - (1.1)% | ||||||||
Advanced Drainage Systems, Inc. | (4,964 | ) | (589,773 | ) | ||||
Builders FirstSource, Inc.* | (8,030 | ) | (518,256 | ) | ||||
Trex Co., Inc.* | (6,570 | ) | (429,218 | ) | ||||
(1,537,247 | ) | |||||||
Capital Markets - (6.2)% | ||||||||
Affiliated Managers Group, Inc. | (3,942 | ) | (555,625 | ) | ||||
Ares Management Corp. | (7,300 | ) | (592,979 | ) | ||||
BlackRock, Inc. | (730 | ) | (557,844 | ) | ||||
Blackstone, Inc. | (4,380 | ) | (555,997 | ) | ||||
Carlyle Group, Inc. (The) | (12,118 | ) | (592,691 | ) | ||||
Franklin Resources, Inc. | (18,542 | ) | (517,693 | ) | ||||
Goldman Sachs Group, Inc. (The) | (1,606 | ) | (530,141 | ) | ||||
Invesco Ltd. | (25,404 | ) | (585,816 | ) | ||||
Janus Henderson Group plc | (16,352 | ) | (572,647 | ) | ||||
Jefferies Financial Group, Inc. | (15,184 | ) | (498,794 | ) | ||||
KKR & Co., Inc. | (9,198 | ) | (537,807 | ) | ||||
Morningstar, Inc. | (2,044 | ) | (558,360 | ) | ||||
MSCI, Inc. | (1,022 | ) | (513,943 | ) | ||||
Northern Trust Corp. | (4,672 | ) | (544,055 | ) | ||||
State Street Corp. | (6,132 | ) | (534,220 | ) | ||||
(8,248,612 | ) | |||||||
Chemicals - (1.4)% | ||||||||
Albemarle Corp. | (2,920 | ) | (645,758 | ) | ||||
Chemours Co. (The) | (19,126 | ) | (602,086 | ) | ||||
Olin Corp. | (11,096 | ) | (580,099 | ) | ||||
(1,827,943 | ) | |||||||
Commercial Services & Supplies - (1.8)% | ||||||||
ADT, Inc. | (77,088 | ) | (585,098 | ) | ||||
Cintas Corp. | (1,460 | ) | (621,070 | ) | ||||
Copart, Inc.* | (4,526 | ) | (567,877 | ) | ||||
Tetra Tech, Inc. | (3,650 | ) | (602,031 | ) | ||||
(2,376,076 | ) | |||||||
Communications Equipment - (0.5)% | ||||||||
Arista Networks, Inc.* | (4,526 | ) | (629,023 | ) | ||||
Construction & Engineering - (0.4)% | ||||||||
AECOM | (7,592 | ) | (583,142 | ) | ||||
Consumer Finance - (1.1)% | ||||||||
American Express Co. | (2,774 | ) | (518,738 | ) | ||||
Discover Financial Services | (4,526 | ) | (498,720 | ) | ||||
SLM Corp. | (28,178 | ) | (517,348 | ) | ||||
(1,534,806 | ) | |||||||
Diversified Financial Services - (0.4)% | ||||||||
Apollo Global Management, Inc. | (8,614 | ) | (534,004 | ) | ||||
Electric Utilities - (1.3)% | ||||||||
ALLETE, Inc. | (8,906 | ) | (596,524 | ) | ||||
Constellation Energy Corp. | (1 | ) | (38 | ) | ||||
NRG Energy, Inc. | (14,600 | ) | (560,056 | ) | ||||
PG&E Corp.* | (49,494 | ) | (590,958 | ) | ||||
(1,747,576 | ) | |||||||
Electrical Equipment - (3.0)% | ||||||||
Acuity Brands, Inc. | (3,066 | ) | (580,394 | ) | ||||
EnerSys | (7,592 | ) | (566,136 | ) | ||||
Generac Holdings, Inc.* | (2,044 | ) | (607,599 | ) | ||||
Plug Power, Inc.* | (27,156 | ) | (776,933 | ) | ||||
Sunrun, Inc.* | (26,864 | ) | (815,860 | ) | ||||
Vertiv Holdings Co. | (43,362 | ) | (607,068 | ) | ||||
(3,953,990 | ) | |||||||
Electronic Equipment, Instruments & Components - (0.4)% | ||||||||
Jabil, Inc. | (9,344 | ) | (576,805 | ) | ||||
Entertainment - (1.2)% | ||||||||
Live Nation Entertainment, Inc.* | (4,672 | ) | (549,614 | ) | ||||
Netflix, Inc.* | (1,460 | ) | (546,902 | ) | ||||
Roku, Inc.* | (4,526 | ) | (566,972 | ) | ||||
(1,663,488 | ) | |||||||
Equity Real Estate Investment Trusts (REITs) - (5.0)% | ||||||||
Brixmor Property Group, Inc. | (21,900 | ) | (565,239 | ) | ||||
Federal Realty Investment Trust | (4,672 | ) | (570,311 | ) |
AGF Investments Trust
AGFiQ U.S. Market Neutral Anti-Beta Fund
Schedule of Investments (continued)
March 31, 2022 (Unaudited)
Investments | Shares | Value ($) | ||||||
Host Hotels & Resorts, Inc. | (29,346 | ) | (570,193 | ) | ||||
Lamar Advertising Co., Class A | (4,964 | ) | (576,717 | ) | ||||
PotlatchDeltic Corp. | (10,366 | ) | (546,599 | ) | ||||
Rayonier, Inc. | (14,454 | ) | (594,348 | ) | ||||
Regency Centers Corp. | (8,176 | ) | (583,276 | ) | ||||
Rexford Industrial Realty, Inc. | (7,884 | ) | (588,068 | ) | ||||
Simon Property Group, Inc. | (3,942 | ) | (518,609 | ) | ||||
Spirit Realty Capital, Inc. | (11,826 | ) | (544,233 | ) | ||||
STORE Capital Corp. | (18,104 | ) | (529,180 | ) | ||||
Weyerhaeuser Co. | (14,454 | ) | (547,807 | ) | ||||
(6,734,580 | ) | |||||||
Food & Staples Retailing - (2.1)% | ||||||||
BJ's Wholesale Club Holdings, Inc.* | (8,760 | ) | (592,264 | ) | ||||
Costco Wholesale Corp. | (1,022 | ) | (588,519 | ) | ||||
Performance Food Group Co.* | (10,074 | ) | (512,867 | ) | ||||
Sysco Corp. | (6,424 | ) | (524,519 | ) | ||||
US Foods Holding Corp.* | (14,308 | ) | (538,410 | ) | ||||
(2,756,579 | ) | |||||||
Food Products - (1.0)% | ||||||||
Darling Ingredients, Inc.* | (8,176 | ) | (657,187 | ) | ||||
Freshpet, Inc.* | (6,424 | ) | (659,359 | ) | ||||
(1,316,546 | ) | |||||||
Gas Utilities - (0.9)% | ||||||||
ONE Gas, Inc. | (7,008 | ) | (618,386 | ) | ||||
UGI Corp. | (14,308 | ) | (518,236 | ) | ||||
(1,136,622 | ) | |||||||
Health Care Equipment & Supplies - (3.2)% | ||||||||
Align Technology, Inc.* | (1,168 | ) | (509,248 | ) | ||||
Globus Medical, Inc., Class A* | (8,030 | ) | (592,453 | ) | ||||
Intuitive Surgical, Inc.* | (1,898 | ) | (572,589 | ) | ||||
Novocure Ltd.* | (7,300 | ) | (604,805 | ) | ||||
Penumbra, Inc.* | (2,628 | ) | (583,758 | ) | ||||
Shockwave Medical, Inc.* | (3,504 | ) | (726,589 | ) | ||||
STAAR Surgical Co.* | (8,468 | ) | (676,678 | ) | ||||
(4,266,120 | ) | |||||||
Health Care Providers & Services - (4.1)% | ||||||||
1Life Healthcare, Inc.* | (57,754 | ) | (639,914 | ) | ||||
Acadia Healthcare Co., Inc.* | (10,220 | ) | (669,717 | ) | ||||
Amedisys, Inc.* | (3,942 | ) | (679,167 | ) | ||||
Guardant Health, Inc.* | (9,052 | ) | (599,605 | ) | ||||
LHC Group, Inc.* | (4,380 | ) | (738,468 | ) | ||||
Molina Healthcare, Inc.* | (1,752 | ) | (584,450 | ) | ||||
Oak Street Health, Inc.* | (36,208 | ) | (973,271 | ) | ||||
Tenet Healthcare Corp.* | (6,716 | ) | (577,307 | ) | ||||
(5,461,899 | ) | |||||||
Health Care Technology - (0.9)% | ||||||||
Teladoc Health, Inc.* | (8,760 | ) | (631,859 | ) | ||||
Veeva Systems, Inc., Class A* | (2,628 | ) | (558,345 | ) | ||||
(1,190,204 | ) | |||||||
Hotels, Restaurants & Leisure - (1.7)% | ||||||||
Chipotle Mexican Grill, Inc.* | (438 | ) | (692,929 | ) | ||||
DraftKings, Inc., Class A* | (27,302 | ) | (531,570 | ) | ||||
Norwegian Cruise Line Holdings Ltd.* | (27,886 | ) | (610,146 | ) | ||||
Penn National Gaming, Inc.* | (11,388 | ) | (483,079 | ) | ||||
(2,317,724 | ) | |||||||
Household Durables - (1.1)% | ||||||||
DR Horton, Inc. | (6,862 | ) | (511,287 | ) | ||||
Toll Brothers, Inc. | (10,950 | ) | (514,869 | ) | ||||
TopBuild Corp.* | (2,774 | ) | (503,176 | ) | ||||
(1,529,332 | ) | |||||||
Independent Power and Renewable Electricity Producers - (1.0)% | ||||||||
AES Corp. (The) | (26,134 | ) | (672,428 | ) | ||||
Vistra Corp. | (25,842 | ) | (600,826 | ) | ||||
(1,273,254 | ) | |||||||
Insurance - (1.6)% | ||||||||
Brighthouse Financial, Inc.* | (10,220 | ) | (527,965 | ) | ||||
Fidelity National Financial, Inc. | (11,826 | ) | (577,582 | ) | ||||
First American Financial Corp. | (8,176 | ) | (529,969 | ) | ||||
Lincoln National Corp. | (7,884 | ) | (515,298 | ) | ||||
(2,150,814 | ) | |||||||
Interactive Media & Services - (2.8)% | ||||||||
Cargurus, Inc.* | (17,374 | ) | (737,700 | ) | ||||
Meta Platforms, Inc., Class A* | (2,628 | ) | (584,362 | ) | ||||
Pinterest, Inc., Class A* | (22,922 | ) | (564,110 | ) | ||||
Snap, Inc., Class A* | (14,454 | ) | (520,200 | ) | ||||
Twitter, Inc.* | (16,352 | ) | (632,659 | ) | ||||
ZoomInfo Technologies, Inc.* | (10,950 | ) | (654,153 | ) | ||||
(3,693,184 | ) | |||||||
Internet & Direct Marketing Retail - (0.4)% | ||||||||
Etsy, Inc.* | (4,672 | ) | (580,636 | ) | ||||
IT Services - (2.1)% | ||||||||
Affirm Holdings, Inc.* | (15,330 | ) | (709,472 | ) | ||||
Block, Inc.* | (8,053 | ) | (1,091,987 | ) | ||||
Cloudflare, Inc., Class A* | (5,840 | ) | (699,048 | ) | ||||
EPAM Systems, Inc.* | (1,169 | ) | (346,737 | ) | ||||
(2,847,244 | ) | |||||||
Leisure Products - (0.4)% | ||||||||
YETI Holdings, Inc.* | (9,344 | ) | (560,453 | ) | ||||
Life Sciences Tools & Services - (1.2)% | ||||||||
10X Genomics, Inc., Class A* | (7,592 | ) | (577,523 | ) | ||||
Bio-Techne Corp. | (1,314 | ) | (569,015 | ) | ||||
Pacific Biosciences of California, Inc.* | (53,436 | ) | (486,268 | ) | ||||
(1,632,806 | ) | |||||||
Machinery - (1.1)% | ||||||||
Chart Industries, Inc.* | (4,964 | ) | (852,666 | ) | ||||
Crane Co. | (5,402 | ) | (584,929 | ) | ||||
(1,437,595 | ) | |||||||
Metals & Mining - (3.7)% | ||||||||
Alcoa Corp. | (7,154 | ) | (644,075 | ) | ||||
Cleveland-Cliffs, Inc.* | (28,616 | ) | (921,721 | ) | ||||
Freeport-McMoRan, Inc. | (12,702 | ) | (631,798 | ) | ||||
Nucor Corp. | (4,526 | ) | (672,790 | ) | ||||
Reliance Steel & Aluminum Co. | (3,066 | ) | (562,151 | ) | ||||
Steel Dynamics, Inc. | (8,614 | ) | (718,666 | ) |
AGF Investments Trust
AGFiQ U.S. Market Neutral Anti-Beta Fund
Schedule of Investments (continued)
March 31, 2022 (Unaudited)
Investments | Shares | Value ($) | ||||||
United States Steel Corp. | (22,922 | ) | (865,076 | ) | ||||
(5,016,277 | ) | |||||||
Multiline Retail - (0.5)% | ||||||||
Kohl's Corp. | (10,074 | ) | (609,074 | ) | ||||
Multi-Utilities - (0.5)% | ||||||||
CenterPoint Energy, Inc. | (20,294 | ) | (621,808 | ) | ||||
Oil, Gas & Consumable Fuels - (3.3)% | ||||||||
APA Corp. | (17,374 | ) | (718,068 | ) | ||||
Devon Energy Corp. | (10,074 | ) | (595,676 | ) | ||||
EQT Corp. | (24,674 | ) | (849,032 | ) | ||||
Occidental Petroleum Corp. | (13,870 | ) | (786,984 | ) | ||||
Ovintiv, Inc. | (13,432 | ) | (726,268 | ) | ||||
Texas Pacific Land Corp. | (584 | ) | (789,632 | ) | ||||
(4,465,660 | ) | |||||||
Paper & Forest Products - (0.4)% | ||||||||
Louisiana-Pacific Corp. | (8,468 | ) | (526,032 | ) | ||||
Personal Products - (0.8)% | ||||||||
Coty, Inc., Class A* | (61,904 | ) | (556,517 | ) | ||||
Estee Lauder Cos., Inc. (The), Class A | (1,898 | ) | (516,863 | ) | ||||
(1,073,380 | ) | |||||||
Professional Services - (2.2)% | ||||||||
ASGN, Inc.* | (5,110 | ) | (596,388 | ) | ||||
Clarivate plc* | (34,748 | ) | (582,377 | ) | ||||
Equifax, Inc. | (2,628 | ) | (623,099 | ) | ||||
KBR, Inc. | (11,826 | ) | (647,237 | ) | ||||
Upwork, Inc.* | (23,214 | ) | (539,493 | ) | ||||
(2,988,594 | ) | |||||||
Real Estate Management & Development - (1.2)% | ||||||||
Howard Hughes Corp. (The)* | (5,840 | ) | (605,082 | ) | ||||
Opendoor Technologies, Inc.* | (56,708 | ) | (490,524 | ) | ||||
Redfin Corp.* | (25,112 | ) | (453,021 | ) | ||||
(1,548,627 | ) | |||||||
Road & Rail - (1.7)% | ||||||||
Lyft, Inc., Class A* | (14,308 | ) | (549,427 | ) | ||||
Saia, Inc.* | (2,044 | ) | (498,368 | ) | ||||
Uber Technologies, Inc.* | (16,644 | ) | (593,858 | ) | ||||
XPO Logistics, Inc.* | (8,030 | ) | (584,584 | ) | ||||
(2,226,237 | ) | |||||||
Semiconductors & Semiconductor Equipment - (6.5)% | ||||||||
Advanced Micro Devices, Inc.* | (1 | ) | (62 | ) | ||||
Applied Materials, Inc. | (4,234 | ) | (558,041 | ) | ||||
Azenta, Inc. | (6,424 | ) | (532,421 | ) | ||||
Enphase Energy, Inc.* | (4,234 | ) | (854,337 | ) | ||||
KLA Corp. | �� | (1,606 | ) | (587,892 | ) | |||
Lam Research Corp. | (1,022 | ) | (549,437 | ) | ||||
Lattice Semiconductor Corp.* | (9,344 | ) | (569,517 | ) | ||||
Microchip Technology, Inc. | (7,592 | ) | (570,463 | ) | ||||
NVIDIA Corp. | (2,336 | ) | (637,401 | ) | ||||
ON Semiconductor Corp.* | (9,344 | ) | (585,028 | ) | ||||
Silicon Laboratories, Inc.* | (3,650 | ) | (548,230 | ) | ||||
SolarEdge Technologies, Inc.* | (2,336 | ) | (753,056 | ) | ||||
Teradyne, Inc. | (4,818 | ) | (569,632 | ) | ||||
Universal Display Corp. | (4,088 | ) | (682,492 | ) | ||||
Wolfspeed, Inc.* | (5,840 | ) | (664,942 | ) | ||||
(8,662,951 | ) | |||||||
Software - (5.8)% | ||||||||
Anaplan, Inc.* | (12,848 | ) | (835,762 | ) | ||||
Asana, Inc., Class A* | (11,534 | ) | (461,014 | ) | ||||
Bill.com Holdings, Inc.* | (2,628 | ) | (596,004 | ) | ||||
Digital Turbine, Inc.* | (12,556 | ) | (550,078 | ) | ||||
DocuSign, Inc.* | (5,110 | ) | (547,383 | ) | ||||
Dynatrace, Inc.* | (13,140 | ) | (618,894 | ) | ||||
Elastic NV* | (7,008 | ) | (623,362 | ) | ||||
Fortinet, Inc.* | (1,898 | ) | (648,623 | ) | ||||
MicroStrategy, Inc., Class A* | (876 | ) | (426,016 | ) | ||||
Palantir Technologies, Inc., Class A* | (51,538 | ) | (707,617 | ) | ||||
Smartsheet, Inc., Class A* | (10,950 | ) | (599,841 | ) | ||||
Trade Desk, Inc. (The), Class A* | (7,300 | ) | (505,525 | ) | ||||
Varonis Systems, Inc.* | (14,600 | ) | (694,084 | ) | ||||
(7,814,203 | ) | |||||||
Specialty Retail - (2.3)% | ||||||||
Bath & Body Works, Inc. | (10,658 | ) | (509,452 | ) | ||||
Carvana Co.* | (4,672 | ) | (557,323 | ) | ||||
Dick's Sporting Goods, Inc. | (5,548 | ) | (554,911 | ) | ||||
Five Below, Inc.* | (3,504 | ) | (554,929 | ) | ||||
Floor & Decor Holdings, Inc., Class A* | (5,986 | ) | (484,866 | ) | ||||
RH* | (1,460 | ) | (476,091 | ) | ||||
(3,137,572 | ) | |||||||
Textiles, Apparel & Luxury Goods - (1.8)% | ||||||||
Capri Holdings Ltd.* | (8,030 | ) | (412,662 | ) | ||||
Crocs, Inc.* | (6,716 | ) | (513,102 | ) | ||||
PVH Corp. | (5,548 | ) | (425,032 | ) | ||||
Skechers USA, Inc., Class A* | (11,826 | ) | (482,028 | ) | ||||
Under Armour, Inc., Class A* | (34,018 | ) | (578,986 | ) | ||||
(2,411,810 | ) | |||||||
Thrifts & Mortgage Finance - (0.4)% | ||||||||
Essent Group Ltd. | (12,264 | ) | (505,399 | ) | ||||
Trading Companies & Distributors - (1.3)% | ||||||||
SiteOne Landscape Supply, Inc.* | (3,358 | ) | (542,955 | ) | ||||
United Rentals, Inc.* | (1,752 | ) | (622,328 | ) | ||||
Univar Solutions, Inc.* | (18,834 | ) | (605,325 | ) | ||||
(1,770,608 | ) | |||||||
Water Utilities - (0.5)% | ||||||||
Essential Utilities, Inc. | (11,972 | ) | (612,128 | ) | ||||
TOTAL COMMON STOCKS (PROCEEDS $(121,216,656)) | (117,685,900 | ) |
AGF Investments Trust
AGFiQ U.S. Market Neutral Anti-Beta Fund
Schedule of Investments (continued)
March 31, 2022 (Unaudited)
Investments | Shares | Value ($) | ||||||
EXCHANGE TRADED FUNDS - (0.4)% | ||||||||
SPDR S&P 500 ETF Trust (Proceeds $(609,075)) | (1,395 | ) | (630,038 | ) | ||||
TOTAL SHORT POSITIONS (Proceeds $(121,825,731)) | (118,315,938 | ) | ||||||
Total Investments - 0.2% (Cost $(8,658,661)) | 209,566 | |||||||
Other assets less liabilities - 99.8% | 133,704,163 | |||||||
Net Assets - 100.0% | 133,913,729 |
* | 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 $35,918,121. |
(b) | Amount represents less than one share. |
OTC Total return swap contracts outstanding as of March 31, 2022
Notional Amount | Termination Date(1) | Counterparty | Rate Paid (Received)(2) | Payment Frequency | Underlying Instrument(3) | Value and Unrealized Appreciation ($) | ||||||||||||
USD | 16,111,043 | 10/2/2023 | Morgan Stanley | 0.68 | % | Monthly | Dow Jones U.S. Low Beta Total Return Index(4) | 391,225 | ||||||||||
USD | (15,440,564 | ) | 10/2/2023 | Morgan Stanley | (0.07 | )% | Monthly | Dow Jones U.S. High Beta Total Return Index(5) | 703,688 | |||||||||
1,094,913 |
(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 March 31, 2022, 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
March 31, 2022 (Unaudited)
Investments | Shares | Value ($) | ||||||
LONG POSITIONS - 97.7% | ||||||||
COMMON STOCKS - 92.8% | ||||||||
Banks - 2.9% | ||||||||
FNB Corp. | 3,054 | 38,022 | ||||||
Huntington Bancshares, Inc. | 2,604 | 38,070 | ||||||
United Bankshares, Inc. | 1,104 | 38,508 | ||||||
114,600 | ||||||||
Biotechnology - 2.9% | ||||||||
AbbVie, Inc.(a) | 234 | 37,934 | ||||||
Amgen, Inc.(a) | 159 | 38,449 | ||||||
Gilead Sciences, Inc. | 645 | 38,345 | ||||||
114,728 | ||||||||
Capital Markets - 1.9% | ||||||||
Franklin Resources, Inc. | 1,359 | 37,943 | ||||||
Owl Rock Capital Corp. | 2,589 | 38,266 | ||||||
76,209 | ||||||||
Construction & Engineering - 1.0% | ||||||||
MDU Resources Group, Inc. | 1,443 | 38,456 | ||||||
Consumer Finance - 1.0% | ||||||||
OneMain Holdings, Inc. | 807 | 38,260 | ||||||
Containers & Packaging - 1.0% | ||||||||
International Paper Co. | 828 | 38,212 | ||||||
Diversified Telecommunication Services - 2.9% | ||||||||
AT&T, Inc. | 1,614 | 38,139 | ||||||
Lumen Technologies, Inc. | 3,390 | 38,205 | ||||||
Verizon Communications, Inc. | 753 | 38,358 | ||||||
114,702 | ||||||||
Electric Utilities - 13.7% | ||||||||
American Electric Power Co., Inc.(a) | 384 | 38,312 | ||||||
Duke Energy Corp.(a) | 345 | 38,523 | ||||||
Edison International(a) | 549 | 38,485 | ||||||
Entergy Corp.(a) | 327 | 38,177 | ||||||
Evergy, Inc. | 561 | 38,339 | ||||||
Eversource Energy | 435 | 38,363 | ||||||
FirstEnergy Corp. | 834 | 38,247 | ||||||
Hawaiian Electric Industries, Inc. | 906 | 38,333 | ||||||
NRG Energy, Inc. | 993 | 38,091 | ||||||
OGE Energy Corp. | 939 | 38,292 | ||||||
Pinnacle West Capital Corp. | 492 | 38,425 | ||||||
Portland General Electric Co. | 693 | 38,219 | ||||||
PPL Corp. | 1,341 | 38,299 | ||||||
Southern Co. (The) | 528 | 38,285 | ||||||
536,390 | ||||||||
Equity Real Estate Investment Trusts (REITs) - 12.6% | ||||||||
Healthcare Trust of America, Inc., Class A | 1,215 | 38,078 | ||||||
Highwoods Properties, Inc. | 825 | 37,736 | ||||||
Iron Mountain, Inc. | 687 | 38,067 | ||||||
Medical Properties Trust, Inc. | 1,794 | 37,925 | ||||||
MGM Growth Properties LLC, Class A | 984 | 38,081 | ||||||
National Retail Properties, Inc. | 843 | 37,884 | ||||||
Omega Healthcare Investors, Inc. | 1,224 | 38,140 | ||||||
Realty Income Corp. | 549 | 38,046 | ||||||
SL Green Realty Corp. | 465 | 37,749 | ||||||
Spirit Realty Capital, Inc. | 822 | 37,828 | ||||||
STORE Capital Corp. | 1,299 | 37,970 | ||||||
VICI Properties, Inc. | 1,338 | 38,079 | ||||||
WP Carey, Inc. | 468 | 37,833 | ||||||
493,416 | ||||||||
Food & Staples Retailing - 1.0% | ||||||||
Walgreens Boots Alliance, Inc. | 855 | 38,278 | ||||||
Food Products - 5.9% | ||||||||
Campbell Soup Co.(a) | 864 | 38,508 | ||||||
Conagra Brands, Inc.(a) | 1,143 | 38,371 | ||||||
Flowers Foods, Inc. | 1,497 | 38,488 | ||||||
General Mills, Inc. | 564 | 38,194 | ||||||
Kellogg Co. | 594 | 38,307 | ||||||
Kraft Heinz Co. (The) | 975 | 38,405 | ||||||
230,273 | ||||||||
Gas Utilities - 1.9% | ||||||||
National Fuel Gas Co. | 555 | 38,129 | ||||||
UGI Corp. | 1,056 | 38,248 | ||||||
76,377 | ||||||||
Health Care Providers & Services - 1.0% | ||||||||
Cardinal Health, Inc.(a) | 675 | 38,273 | ||||||
Household Durables - 1.0% | ||||||||
Leggett & Platt, Inc. | 1,095 | 38,106 | ||||||
Household Products - 1.9% | ||||||||
Clorox Co. (The) | 276 | 38,372 | ||||||
Kimberly-Clark Corp. | 309 | 38,057 | ||||||
76,429 | ||||||||
Independent Power and Renewable Electricity Producers - 2.0% | ||||||||
Clearway Energy, Inc., Class C(a) | 1,056 | 38,555 | ||||||
NextEra Energy Partners LP | 462 | 38,512 | ||||||
77,067 | ||||||||
Industrial Conglomerates - 1.0% | ||||||||
3M Co. | 258 | 38,411 | ||||||
Insurance - 1.9% | ||||||||
Prudential Financial, Inc. | 321 | 37,932 | ||||||
Unum Group | 1,209 | 38,096 | ||||||
76,028 | ||||||||
IT Services - 1.9% | ||||||||
International Business Machines Corp. | 294 | 38,226 | ||||||
Western Union Co. (The) | 2,031 | 38,061 | ||||||
76,287 | ||||||||
Machinery - 1.0% | ||||||||
PACCAR, Inc. | 432 | 38,046 |
AGF Investments Trust
AGFiQ Hedged Dividend Income Fund
Schedule of Investments (continued)
March 31, 2022 (Unaudited)
Investments | Shares | Value ($) | ||||||
Media - 1.9% | ||||||||
Interpublic Group of Cos., Inc. (The) | 1,074 | 38,073 | ||||||
Omnicom Group, Inc. | 447 | 37,942 | ||||||
76,015 | ||||||||
Metals & Mining - 1.0% | ||||||||
Newmont Corp. | 477 | 37,898 | ||||||
Mortgage Real Estate Investment Trusts (REITs) - 2.0% | ||||||||
Blackstone Mortgage Trust, Inc., Class A(a) | 1,209 | 38,434 | ||||||
Starwood Property Trust, Inc. | 1,578 | 38,140 | ||||||
76,574 | ||||||||
Multi-Utilities - 6.8% | ||||||||
Black Hills Corp. | 498 | 38,356 | ||||||
Consolidated Edison, Inc.(a) | 405 | 38,346 | ||||||
DTE Energy Co.(a) | 288 | 38,077 | ||||||
NiSource, Inc. | 1,209 | 38,446 | ||||||
Public Service Enterprise Group, Inc. | 543 | 38,010 | ||||||
Sempra Energy | 228 | 38,331 | ||||||
WEC Energy Group, Inc. | 384 | 38,327 | ||||||
267,893 | ||||||||
Oil, Gas & Consumable Fuels - 10.7% | ||||||||
Chevron Corp.(a) | 234 | 38,102 | ||||||
Enviva, Inc. | 483 | 38,229 | ||||||
Exxon Mobil Corp. | 459 | 37,909 | ||||||
Hess Midstream LP, Class A | 1,281 | 38,430 | ||||||
Kinder Morgan, Inc. | 2,013 | 38,066 | ||||||
Marathon Petroleum Corp. | 444 | 37,962 | ||||||
ONEOK, Inc. | 537 | 37,928 | ||||||
Phillips 66 | 441 | 38,098 | ||||||
Pioneer Natural Resources Co. | 150 | 37,505 | ||||||
Valero Energy Corp. | 375 | 38,078 | ||||||
Williams Cos., Inc. (The) | 1,140 | 38,087 | ||||||
418,394 | ||||||||
Paper & Forest Products - 0.0%(b) | ||||||||
Sylvamo Corp.* | 1 | 33 | ||||||
Personal Products - 0.0%(b) | ||||||||
BellRing Brands, Inc.* | 1 | 16 | ||||||
Pharmaceuticals - 2.0% | ||||||||
Bristol-Myers Squibb Co.(a) | 525 | 38,341 | ||||||
Merck & Co., Inc. | 468 | 38,399 | ||||||
76,740 | ||||||||
Semiconductors & Semiconductor Equipment - 1.0% | ||||||||
Intel Corp. | 771 | 38,211 | ||||||
Specialty Retail - 1.0% | ||||||||
Best Buy Co., Inc. | 417 | 37,905 | ||||||
Technology Hardware, Storage & Peripherals - 1.0% | ||||||||
Hewlett Packard Enterprise Co. | 2,280 | 38,099 | ||||||
Textiles, Apparel & Luxury Goods - 1.0% | ||||||||
Hanesbrands, Inc. | 2,553 | 38,014 | ||||||
Thrifts & Mortgage Finance - 1.0% | ||||||||
New York Community Bancorp, Inc. | 3,567 | 38,238 | ||||||
Tobacco - 2.0% | ||||||||
Altria Group, Inc. | 735 | 38,404 | ||||||
Philip Morris International, Inc. | 408 | 38,327 | ||||||
76,731 | ||||||||
Trading Companies & Distributors - 1.0% | ||||||||
Watsco, Inc. | 126 | 38,385 | ||||||
TOTAL COMMON STOCKS (COST $3,366,378) | 3,627,694 | |||||||
MASTER LIMITED PARTNERSHIPS - 4.9% | ||||||||
Capital Markets - 0.9% | ||||||||
AllianceBernstein Holding LP (Cost $40,089) | 813 | 38,227 | ||||||
Industrial Conglomerates - 1.0% | ||||||||
Icahn Enterprises LP (Cost $48,634) | 741 | 38,480 | ||||||
Oil, Gas & Consumable Fuels - 3.0% | ||||||||
Cheniere Energy Partners LP | 681 | 38,381 | ||||||
Enterprise Products Partners LP(a) | 1,488 | 38,405 | ||||||
Magellan Midstream Partners LP | 783 | 38,422 | ||||||
115,208 | ||||||||
TOTAL MASTER LIMITED PARTNERSHIPS (COST $189,777) | 191,915 | |||||||
TOTAL LONG POSITIONS (Cost $3,556,155) | 3,819,609 | |||||||
SHORT POSITIONS - (48.7)% | ||||||||
COMMON STOCKS - (48.7)% | ||||||||
Aerospace & Defense - (0.5)% | ||||||||
Boeing Co. (The)* | (51 | ) | (9,767 | ) |
AGF Investments Trust
AGFiQ Hedged Dividend Income Fund
Schedule of Investments (continued)
March 31, 2022 (Unaudited)
Investments | Shares | Value ($) | ||||||
TransDigm Group, Inc.* | (15 | ) | (9,773 | ) | ||||
(19,540 | ) | |||||||
Airlines - (0.7)% | ||||||||
Delta Air Lines, Inc.* | (243 | ) | (9,615 | ) | ||||
Southwest Airlines Co.* | (210 | ) | (9,618 | ) | ||||
United Airlines Holdings, Inc.* | (207 | ) | (9,597 | ) | ||||
(28,830 | ) | |||||||
Automobiles - (0.5)% | ||||||||
General Motors Co.* | (219 | ) | (9,579 | ) | ||||
Tesla, Inc.* | (9 | ) | (9,698 | ) | ||||
(19,277 | ) | |||||||
Banks - (1.7)% | ||||||||
Cadence Bank | (327 | ) | (9,568 | ) | ||||
First Citizens BancShares, Inc., Class A | (15 | ) | (9,984 | ) | ||||
First Republic Bank | (60 | ) | (9,726 | ) | ||||
Pinnacle Financial Partners, Inc. | (105 | ) | (9,668 | ) | ||||
ServisFirst Bancshares, Inc. | (99 | ) | (9,434 | ) | ||||
Signature Bank | (33 | ) | (9,685 | ) | ||||
SVB Financial Group* | (18 | ) | (10,070 | ) | ||||
(68,135 | ) | |||||||
Beverages - (1.7)% | ||||||||
Boston Beer Co., Inc. (The), Class A* | (24 | ) | (9,323 | ) | ||||
Brown-Forman Corp., Class B | (144 | ) | (9,651 | ) | ||||
Celsius Holdings, Inc.* | (174 | ) | (9,601 | ) | ||||
Coca-Cola Consolidated, Inc. | (18 | ) | (8,943 | ) | ||||
Constellation Brands, Inc., Class A | (42 | ) | (9,674 | ) | ||||
Molson Coors Beverage Co., Class B | (180 | ) | (9,609 | ) | ||||
Monster Beverage Corp.* | (120 | ) | (9,588 | ) | ||||
(66,389 | ) | |||||||
Capital Markets - (4.1)% | ||||||||
Affiliated Managers Group, Inc. | (66 | ) | (9,303 | ) | ||||
Charles Schwab Corp. (The) | (108 | ) | (9,105 | ) | ||||
Coinbase Global, Inc., Class A* | (51 | ) | (9,683 | ) | ||||
FactSet Research Systems, Inc. | (21 | ) | (9,117 | ) | ||||
Interactive Brokers Group, Inc., Class A | (144 | ) | (9,491 | ) | ||||
Intercontinental Exchange, Inc. | (72 | ) | (9,513 | ) | ||||
KKR & Co., Inc. | (162 | ) | (9,472 | ) | ||||
LPL Financial Holdings, Inc. | (51 | ) | (9,317 | ) | ||||
MarketAxess Holdings, Inc. | (27 | ) | (9,185 | ) | ||||
Moody's Corp. | (27 | ) | (9,110 | ) | ||||
Morningstar, Inc. | (36 | ) | (9,834 | ) | ||||
MSCI, Inc. | (18 | ) | (9,052 | ) | ||||
Raymond James Financial, Inc. | (90 | ) | (9,892 | ) | ||||
Robinhood Markets, Inc., Class A* | (705 | ) | (9,525 | ) | ||||
S&P Global, Inc. | (24 | ) | (9,844 | ) | ||||
Stifel Financial Corp. | (138 | ) | (9,370 | ) | ||||
Tradeweb Markets, Inc., Class A | (108 | ) | (9,490 | ) | ||||
(160,303 | ) | |||||||
Commercial Services & Supplies - (0.2)% | ||||||||
Copart, Inc.* | (75 | ) | (9,410 | ) | ||||
Consumer Finance - (1.0)% | ||||||||
American Express Co. | (51 | ) | (9,537 | ) | ||||
Credit Acceptance Corp.* | (18 | ) | (9,906 | ) | ||||
SLM Corp. | (525 | ) | (9,639 | ) | ||||
Upstart Holdings, Inc.* | (87 | ) | (9,491 | ) | ||||
(38,573 | ) | |||||||
Containers & Packaging - (0.2)% | ||||||||
Berry Global Group, Inc.* | (165 | ) | (9,563 | ) | ||||
Diversified Financial Services - (0.5)% | ||||||||
Berkshire Hathaway, Inc., Class B* | (27 | ) | (9,529 | ) | ||||
Voya Financial, Inc. | (144 | ) | (9,554 | ) | ||||
(19,083 | ) | |||||||
Electric Utilities - (4.9)% | ||||||||
Alliant Energy Corp. | (504 | ) | (31,490 | ) | ||||
Exelon Corp. | (672 | ) | (32,007 | ) | ||||
IDACORP, Inc. | (273 | ) | (31,493 | ) | ||||
NextEra Energy, Inc. | (375 | ) | (31,766 | ) | ||||
PG&E Corp.* | (2,664 | ) | (31,808 | ) | ||||
Xcel Energy, Inc. | (444 | ) | (32,044 | ) | ||||
(190,608 | ) | |||||||
Electrical Equipment - (0.3)% | ||||||||
Generac Holdings, Inc.* | (33 | ) | (9,810 | ) | ||||
Energy Equipment & Services - (0.7)% | ||||||||
Baker Hughes Co. | (264 | ) | (9,612 | ) | ||||
Halliburton Co. | (252 | ) | (9,543 | ) | ||||
NOV, Inc. | (489 | ) | (9,590 | ) | ||||
(28,745 | ) | |||||||
Entertainment - (1.0)% | ||||||||
Liberty Media Corp-Liberty Formula One, Class C* | (138 | ) | (9,638 | ) | ||||
Netflix, Inc.* | (27 | ) | (10,114 | ) | ||||
ROBLOX Corp., Class A* | (207 | ) | (9,572 | ) | ||||
Walt Disney Co. (The)* | (69 | ) | (9,464 | ) | ||||
(38,788 | ) | |||||||
Equity Real Estate Investment Trusts (REITs) - (1.2)% | ||||||||
American Homes 4 Rent, Class A | (237 | ) | (9,487 | ) | ||||
DigitalBridge Group, Inc.* | (1,317 | ) | (9,482 | ) | ||||
Host Hotels & Resorts, Inc. | (486 | ) | (9,443 | ) | ||||
Ryman Hospitality Properties, Inc.* | (102 | ) | (9,463 | ) | ||||
SBA Communications Corp. | (27 | ) | (9,291 | ) | ||||
(47,166 | ) | |||||||
Food & Staples Retailing - (1.7)% | ||||||||
BJ's Wholesale Club Holdings, Inc.* | (141 | ) | (9,533 | ) | ||||
Casey's General Stores, Inc. | (48 | ) | (9,512 | ) | ||||
Costco Wholesale Corp. | (18 | ) | (10,365 | ) | ||||
Kroger Co. (The) | (168 | ) | (9,638 | ) | ||||
Performance Food Group Co.* | (186 | ) | (9,469 | ) | ||||
US Foods Holding Corp.* | (258 | ) | (9,709 | ) | ||||
Walmart, Inc. | (63 | ) | (9,382 | ) | ||||
(67,608 | ) |
AGF Investments Trust
AGFiQ Hedged Dividend Income Fund
Schedule of Investments (continued)
March 31, 2022 (Unaudited)
Investments | Shares | Value ($) | ||||||
Food Products - (1.5)% | ||||||||
Darling Ingredients, Inc.* | (117 | ) | (9,405 | ) | ||||
Hershey Co. (The) | (45 | ) | (9,748 | ) | ||||
Lamb Weston Holdings, Inc. | (159 | ) | (9,526 | ) | ||||
Lancaster Colony Corp. | (66 | ) | (9,844 | ) | ||||
McCormick & Co., Inc. (Non-Voting) | (93 | ) | (9,281 | ) | ||||
Post Holdings, Inc.* | (138 | ) | (9,558 | ) | ||||
(57,362 | ) | |||||||
Gas Utilities - (0.8)% | ||||||||
Atmos Energy Corp. | (267 | ) | (31,904 | ) | ||||
Health Care Equipment & Supplies - (1.4)% | ||||||||
Align Technology, Inc.* | (21 | ) | (9,156 | ) | ||||
Boston Scientific Corp.* | (207 | ) | (9,168 | ) | ||||
DexCom, Inc.* | (18 | ) | (9,209 | ) | ||||
Edwards Lifesciences Corp.* | (81 | ) | (9,535 | ) | ||||
IDEXX Laboratories, Inc.* | (18 | ) | (9,847 | ) | ||||
Intuitive Surgical, Inc.* | (30 | ) | (9,051 | ) | ||||
(55,966 | ) | |||||||
Health Care Providers & Services - (0.5)% | ||||||||
Centene Corp.* | (114 | ) | (9,597 | ) | ||||
Laboratory Corp. of America Holdings* | (36 | ) | (9,492 | ) | ||||
(19,089 | ) | |||||||
Health Care Technology - (0.2)% | ||||||||
Veeva Systems, Inc., Class A* | (45 | ) | (9,561 | ) | ||||
Hotels, Restaurants & Leisure - (0.5)% | ||||||||
Airbnb, Inc., Class A* | (57 | ) | (9,790 | ) | ||||
Marriott International, Inc., Class A* | (54 | ) | (9,491 | ) | ||||
(19,281 | ) | |||||||
Household Products - (0.2)% | ||||||||
Church & Dwight Co., Inc. | (96 | ) | (9,540 | ) | ||||
Independent Power and Renewable Electricity Producers - (1.6)% | ||||||||
AES Corp. (The) | (1,242 | ) | (31,957 | ) | ||||
Vistra Corp. | (1,368 | ) | (31,806 | ) | ||||
(63,763 | ) | |||||||
Insurance - (2.2)% | ||||||||
Alleghany Corp.* | (12 | ) | (10,164 | ) | ||||
Brown & Brown, Inc. | (129 | ) | (9,323 | ) | ||||
Globe Life, Inc. | (96 | ) | (9,658 | ) | ||||
Kinsale Capital Group, Inc. | (42 | ) | (9,577 | ) | ||||
Loews Corp. | (147 | ) | (9,528 | ) | ||||
Markel Corp.* | (6 | ) | (8,851 | ) | ||||
RLI Corp. | (84 | ) | (9,293 | ) | ||||
Ryan Specialty Group Holdings, Inc., Class A* | (246 | ) | (9,542 | ) | ||||
W R Berkley Corp. | (144 | ) | (9,589 | ) | ||||
(85,525 | ) | |||||||
Interactive Media & Services - (0.9)% | ||||||||
Alphabet, Inc., Class A* | (3 | ) | (8,344 | ) | ||||
Match Group, Inc.* | (87 | ) | (9,461 | ) | ||||
Meta Platforms, Inc., Class A* | (42 | ) | (9,339 | ) | ||||
Snap, Inc., Class A* | (267 | ) | (9,609 | ) | ||||
(36,753 | ) | |||||||
Internet & Direct Marketing Retail - (0.3)% | ||||||||
Amazon.com, Inc.* | (3 | ) | (9,780 | ) | ||||
IT Services - (0.7)% | ||||||||
Block, Inc.* | (69 | ) | (9,356 | ) | ||||
PayPal Holdings, Inc.* | (81 | ) | (9,368 | ) | ||||
Snowflake, Inc., Class A* | (42 | ) | (9,624 | ) | ||||
(28,348 | ) | |||||||
Life Sciences Tools & Services - (0.7)% | ||||||||
Illumina, Inc.* | (27 | ) | (9,434 | ) | ||||
IQVIA Holdings, Inc.* | (42 | ) | (9,711 | ) | ||||
Mettler-Toledo International, Inc.* | (6 | ) | (8,239 | ) | ||||
(27,384 | ) | |||||||
Media - (0.3)% | ||||||||
Charter Communications, Inc., Class A* | (18 | ) | (9,819 | ) | ||||
Metals & Mining - (0.7)% | ||||||||
Alcoa Corp. | (105 | ) | (9,453 | ) | ||||
Cleveland-Cliffs, Inc.* | (294 | ) | (9,470 | ) | ||||
MP Materials Corp.* | (165 | ) | (9,461 | ) | ||||
(28,384 | ) | |||||||
Multi-Utilities - (3.3)% | ||||||||
Ameren Corp. | (339 | ) | (31,784 | ) | ||||
CenterPoint Energy, Inc. | (1,038 | ) | (31,804 | ) | ||||
CMS Energy Corp. | (456 | ) | (31,893 | ) | ||||
Dominion Energy, Inc. | (375 | ) | (31,864 | ) | ||||
(127,345 | ) | |||||||
Oil, Gas & Consumable Fuels - (6.1)% | ||||||||
Antero Resources Corp.* | (309 | ) | (9,434 | ) | ||||
APA Corp. | (228 | ) | (9,423 | ) | ||||
Cheniere Energy, Inc. | (69 | ) | (9,567 | ) | ||||
Chesapeake Energy Corp. | (111 | ) | (9,657 | ) | ||||
ConocoPhillips | (96 | ) | (9,600 | ) | ||||
Coterra Energy, Inc. | (354 | ) | (9,547 | ) | ||||
Devon Energy Corp. | (159 | ) | (9,402 | ) | ||||
Diamondback Energy, Inc. | (69 | ) | (9,459 | ) | ||||
DT Midstream, Inc. | (177 | ) | (9,604 | ) | ||||
EOG Resources, Inc. | (81 | ) | (9,658 | ) | ||||
EQT Corp. | (279 | ) | (9,600 | ) | ||||
Hess Corp. | (87 | ) | (9,313 | ) | ||||
HF Sinclair Corp.* | (243 | ) | (9,684 | ) | ||||
Magnolia Oil & Gas Corp., Class A | (402 | ) | (9,507 | ) | ||||
Marathon Oil Corp. | (378 | ) | (9,492 | ) | ||||
Matador Resources Co. | (180 | ) | (9,536 | ) | ||||
Murphy Oil Corp. | (237 | ) | (9,572 | ) | ||||
Occidental Petroleum Corp. | (165 | ) | (9,362 | ) | ||||
Ovintiv, Inc. | (174 | ) | (9,408 | ) | ||||
PDC Energy, Inc. | (132 | ) | (9,594 | ) | ||||
Range Resources Corp.* | (309 | ) | (9,387 | ) |
AGF Investments Trust
AGFiQ Hedged Dividend Income Fund
Schedule of Investments (continued)
March 31, 2022 (Unaudited)
Investments | Shares | Value ($) | ||||||
Southwestern Energy Co.* | (1,332 | ) | (9,550 | ) | ||||
Targa Resources Corp. | (126 | ) | (9,509 | ) | ||||
Texas Pacific Land Corp. | (6 | ) | (8,113 | ) | ||||
Viper Energy Partners LP | (321 | ) | (9,492 | ) | ||||
(236,470 | ) | |||||||
Personal Products - (0.3)% | ||||||||
BellRing Brands, Inc.* | (1 | ) | (16 | ) | ||||
Estee Lauder Cos., Inc. (The), Class A | (36 | ) | (9,803 | ) | ||||
(9,819 | ) | |||||||
Pharmaceuticals - 0.0%(b) | ||||||||
AstraZeneca plc, ADR | (1 | ) | (64 | ) | ||||
Professional Services - (0.3)% | ||||||||
CoStar Group, Inc.* | (144 | ) | (9,592 | ) | ||||
Real Estate Management & Development - (1.2)% | ||||||||
CBRE Group, Inc., Class A* | (102 | ) | (9,335 | ) | ||||
Howard Hughes Corp. (The)* | (93 | ) | (9,636 | ) | ||||
Jones Lang LaSalle, Inc.* | (39 | ) | (9,339 | ) | ||||
Opendoor Technologies, Inc.* | (1,116 | ) | (9,653 | ) | ||||
Zillow Group, Inc., Class C* | (192 | ) | (9,464 | ) | ||||
(47,427 | ) | |||||||
Road & Rail - (0.3)% | ||||||||
Uber Technologies, Inc.* | (270 | ) | (9,634 | ) | ||||
Semiconductors & Semiconductor Equipment - (0.2)% | ||||||||
Advanced Micro Devices, Inc.* | (87 | ) | (9,513 | ) | ||||
Software - (1.0)% | ||||||||
Adobe, Inc.* | (21 | ) | (9,568 | ) | ||||
salesforce.com, Inc.* | (45 | ) | (9,555 | ) | ||||
ServiceNow, Inc.* | (18 | ) | (10,024 | ) | ||||
VMware, Inc., Class A | (84 | ) | (9,565 | ) | ||||
(38,712 | ) | |||||||
Specialty Retail - (0.3)% | ||||||||
O'Reilly Automotive, Inc.* | (15 | ) | (10,274 | ) | ||||
Thrifts & Mortgage Finance - (0.2)% | ||||||||
Rocket Cos., Inc., Class A | (636 | ) | (7,072 | ) | ||||
Trading Companies & Distributors - (0.2)% | ||||||||
United Rentals, Inc.* | (27 | ) | (9,591 | ) | ||||
Water Utilities - (1.6)% | ||||||||
American Water Works Co., Inc. | (192 | ) | (31,782 | ) | ||||
Essential Utilities, Inc. | (621 | ) | (31,751 | ) | ||||
(63,533 | ) | |||||||
Wireless Telecommunication Services - (0.3)% | ||||||||
T-Mobile US, Inc.* | (78 | ) | (10,011 | ) | ||||
TOTAL COMMON STOCKS (PROCEEDS $(1,783,144)) | (1,903,344 | ) | ||||||
TOTAL SHORT POSITIONS (Proceeds $(1,783,144)) | (1,903,344 | ) | ||||||
Total Investments - 49.0% (Cost $1,773,011) | 1,916,265 | |||||||
Other assets less liabilities - 51.0% | 1,994,910 | |||||||
Net Assets - 100.0% | 3,911,175 |
* | 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 $604,485. |
(b) | Represents less than 0.05% of net assets. |
AGF Investments Trust
AGFiQ Global Infrastructure ETF
Schedule of Investments
March 31, 2022 (Unaudited)
Investments | Shares | Value ($) | ||||||
COMMON STOCKS - 97.9% | ||||||||
Commercial Services & Supplies - 0.3% | ||||||||
Cleanaway Waste Management Ltd. | 5,880 | 13,472 | ||||||
Construction & Engineering - 3.9% | ||||||||
Quanta Services, Inc. | 210 | 27,638 | ||||||
Vinci SA | 1,389 | 142,008 | ||||||
169,646 | ||||||||
Diversified Telecommunication Services - 1.5% | ||||||||
Cellnex Telecom SA | 591 | 28,328 | ||||||
China Tower Corp. Ltd., Class H | 134,844 | 15,108 | ||||||
Cogent Communications Holdings, Inc. | 180 | 11,943 | ||||||
Lumen Technologies, Inc. | 726 | 8,182 | ||||||
63,561 | ||||||||
Electric Utilities - 12.7% | ||||||||
Chubu Electric Power Co., Inc. | 1,131 | 11,718 | ||||||
Cia Energetica de Minas Gerais (Preference) | 8,205 | 26,212 | ||||||
Contact Energy Ltd. | 2,886 | 16,257 | ||||||
Duke Energy Corp. | 342 | 38,188 | ||||||
Edison International | 291 | 20,399 | ||||||
Endesa SA | 948 | 20,688 | ||||||
Eversource Energy | 648 | 57,147 | ||||||
FirstEnergy Corp. | 1,002 | 45,952 | ||||||
Fortis, Inc. | 285 | 14,096 | ||||||
Fortum OYJ | 822 | 14,922 | ||||||
Iberdrola SA | 2,539 | 27,635 | ||||||
Mercury NZ Ltd. | 2,361 | 9,700 | ||||||
NextEra Energy, Inc. | 553 | 46,845 | ||||||
OGE Energy Corp. | 483 | 19,697 | ||||||
PG&E Corp.* | 1,101 | 13,146 | ||||||
Southern Co. (The) | 636 | 46,116 | ||||||
SSE plc | 1,956 | 44,787 | ||||||
Verbund AG | 364 | 38,326 | ||||||
Xcel Energy, Inc. | 609 | 43,952 | ||||||
555,783 | ||||||||
Electrical Equipment - 0.9% | ||||||||
Emerson Electric Co. | 222 | 21,767 | ||||||
Stem, Inc.* | 1,407 | 15,491 | ||||||
37,258 | ||||||||
Equity Real Estate Investment Trusts (REITs) - 14.8% | ||||||||
American Tower Corp. | 1,206 | 302,972 | ||||||
Crown Castle International Corp. | 1,185 | 218,751 | ||||||
Healthcare Trust of America, Inc., Class A | 645 | 20,214 | ||||||
Iron Mountain, Inc. | 612 | 33,911 | ||||||
SBA Communications Corp. | 180 | 61,938 | ||||||
STAG Industrial, Inc. | 195 | 8,063 | ||||||
645,849 | ||||||||
Gas Utilities - 5.6% | ||||||||
APA Group | 4,176 | 33,116 | ||||||
Enagas SA | 882 | 19,599 | ||||||
ENN Energy Holdings Ltd. | 1,976 | 29,448 | ||||||
Italgas SpA | 4,836 | 31,051 | ||||||
Kunlun Energy Co. Ltd. | 25,500 | 22,073 | ||||||
National Fuel Gas Co. | 330 | 22,671 | ||||||
Snam SpA | 14,739 | 85,118 | ||||||
243,076 | ||||||||
Independent Power and Renewable Electricity Producers - 3.5% | ||||||||
Capital Power Corp. | 567 | 18,464 | ||||||
China Longyuan Power Group Corp. Ltd., Class H | 9,999 | 22,665 | ||||||
Clearway Energy, Inc. | 876 | 31,983 | ||||||
Engie Brasil Energia SA | 2,997 | 27,219 | ||||||
Northland Power, Inc. | 792 | 26,329 | ||||||
TransAlta Renewables, Inc. | 1,611 | 23,814 | ||||||
150,474 | ||||||||
Interactive Media & Services - 1.9% | ||||||||
Alphabet, Inc., Class C* | 30 | 83,790 | ||||||
Internet & Direct Marketing Retail - 0.9% | ||||||||
Amazon.com, Inc.* | 12 | 39,119 | ||||||
IT Services - 0.4% | ||||||||
GDS Holdings Ltd., Class A* | 3,675 | 18,358 | ||||||
Machinery - 0.3% | ||||||||
Xylem, Inc. | 168 | 14,324 | ||||||
Media - 0.7% | ||||||||
SES SA, Receipts | 3,297 | 30,013 | ||||||
Metals & Mining - 0.3% | ||||||||
Sims Ltd. | 879 | 14,092 | ||||||
Multi-Utilities - 10.5% | ||||||||
Algonquin Power & Utilities Corp. | 3,021 | 46,856 | ||||||
Consolidated Edison, Inc. | 417 | 39,481 | ||||||
E.ON SE | 1,536 | 17,863 | ||||||
National Grid plc | 10,155 | 155,978 | ||||||
REN - Redes Energeticas Nacionais SGPS SA | 5,475 | 17,252 | ||||||
RWE AG | 936 | 40,827 | ||||||
Sempra Energy | 681 | 114,490 | ||||||
WEC Energy Group, Inc. | 270 | 26,949 | ||||||
459,696 | ||||||||
Oil, Gas & Consumable Fuels - 23.7% | ||||||||
Cheniere Energy, Inc. | 378 | 52,410 | ||||||
Enbridge, Inc. | 8,295 | 381,856 | ||||||
Kinder Morgan, Inc. | 7,709 | 145,777 | ||||||
Neste OYJ | 406 | 18,496 | ||||||
ONEOK, Inc. | 1,695 | 119,718 | ||||||
Pembina Pipeline Corp. | 1,344 | 50,496 |
AGF Investments Trust
AGFiQ Global Infrastructure ETF
Schedule of Investments (continued)
March 31, 2022 (Unaudited)
Investments | Shares | Value ($) | ||||||
Targa Resources Corp. | 1,044 | 78,791 | ||||||
TC Energy Corp. | 2,019 | 113,874 | ||||||
Williams Cos., Inc. (The) | 2,178 | 72,767 | ||||||
1,034,185 | ||||||||
Road & Rail - 3.9% | ||||||||
Aurizon Holdings Ltd. | 14,721 | 40,423 | ||||||
CSX Corp. | 762 | 28,537 | ||||||
Norfolk Southern Corp. | 150 | 42,783 | ||||||
Union Pacific Corp. | 216 | 59,013 | ||||||
170,756 | ||||||||
Semiconductors & Semiconductor Equipment - 0.6% | ||||||||
Enphase Energy, Inc.* | 135 | 27,240 | ||||||
Software - 0.9% | ||||||||
Microsoft Corp. | 126 | 38,847 | ||||||
Transportation Infrastructure - 6.7% | ||||||||
Aeroports de Paris* | 262 | 39,238 | ||||||
China Merchants Port Holdings Co. Ltd. | 22,320 | 40,303 | ||||||
COSCO SHIPPING Ports Ltd. | 38,340 | 29,733 | ||||||
Flughafen Zurich AG (Registered)* | 123 | 22,074 | ||||||
Grupo Aeroportuario del Pacifico SAB de CV, ADR* | 195 | 31,440 | ||||||
Hutchison Port Holdings Trust | 89,592 | 21,838 | ||||||
Kamigumi Co. Ltd. | 1,467 | 26,408 | ||||||
Transurban Group | 6,063 | 61,082 | ||||||
Westshore Terminals Investment Corp. | 702 | 18,604 | ||||||
290,720 | ||||||||
Water Utilities - 3.9% | ||||||||
American Water Works Co., Inc. | 656 | 108,588 | ||||||
Cia de Saneamento Basico do Estado de Sao Paulo, ADR* | 2,027 | 19,925 | ||||||
United Utilities Group plc | 2,814 | 41,477 | ||||||
169,990 | ||||||||
TOTAL COMMON STOCKS (COST $3,804,666) | 4,270,249 | |||||||
MASTER LIMITED PARTNERSHIPS - 0.5% | ||||||||
Oil, Gas & Consumable Fuels - 0.5% | ||||||||
Energy Transfer LP (Cost $19,868) | 2,014 | 22,537 | ||||||
EXCHANGE TRADED FUNDS - 0.2% | ||||||||
SPDR S&P Global Infrastructure ETF (Cost $7,423) | 155 | 9,002 | ||||||
Total Investments - 98.6% (Cost $3,831,957) | 4,301,788 | |||||||
Other assets less liabilities - 1.4% | 61,514 | |||||||
Net Assets - 100.0% | 4,363,302 |
* | Non-income producing security. |
Abbreviations | |
ADR | American Depositary Receipt |
ETF | Exchange Traded Fund |
OYJ | Public Limited Company |
Preference | A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference shares may also have liquidation preference. |
SPDR | Standard & Poor's Depositary Receipt |
AGFiQ Global Infrastructure ETF invested, as a percentage of net assets, in the following countries as of March 31, 2022:
Australia | 3.4 | % | ||
Austria | 0.9 | % | ||
Brazil | 1.7 | % | ||
Canada | 15.9 | % | ||
China | 4.1 | % | ||
Finland | 0.8 | % | ||
France | 4.1 | % | ||
Germany | 1.3 | % | ||
Hong Kong | 0.5 | % | ||
Italy | 2.7 | % | ||
Japan | 0.9 | % | ||
Luxembourg | 0.7 | % | ||
Mexico | 0.7 | % | ||
New Zealand | 0.6 | % | ||
Portugal | 0.4 | % | ||
Spain | 2.2 | % | ||
Switzerland | 0.5 | % | ||
United Kingdom | 5.5 | % | ||
United States | 51.7 | % | ||
Other(1) | 1.4 | % | ||
100.0 | % |
(1) | Includes cash and net other assets (liabilities). |
AGF Investments Trust
Notes to Quarterly Schedules of Investments
March 31, 2022 (Unaudited)
Investment Valuation
The Funds disclose the fair value of their investments in a hierarchy that distinguishes between: (1) market participant assumptions developed based on market data obtained from sources independent of the Funds (observable inputs) and (2) the Funds’ own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs). The three levels defined by the hierarchy are as follows:
• | Level 1 — Quoted prices in active markets for identical assets. |
• | Level 2 — Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). |
• | Level 3 — Significant unobservable inputs (including each Fund’s own assumptions in determining the fair value of investments). |
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The following is a summary of the valuations as of March 31, 2022 for each Fund based upon the three levels defined above:
AGFiQ U.S. Market Neutral Anti-Beta Fund | Level 1 — Quoted Prices | Level 2 — Other Significant Observable Inputs | Level 3 — Significant Unobservable Inputs | Total | ||||||||||||
Investments | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks* | $ | 118,525,504 | $ | — | $ | — | $ | 118,525,504 | ||||||||
Liabilities | ||||||||||||||||
Common Stocks* | $ | (117,685,900 | ) | $ | — | $ | — | $ | (117,685,900 | ) | ||||||
Exchange Traded Funds | (630,038 | ) | — | — | (630,038 | ) | ||||||||||
Total Investments | $ | 209,566 | $ | — | $ | — | $ | 209,566 | ||||||||
Other Financial Instruments | ||||||||||||||||
Assets | ||||||||||||||||
Swap Agreements** | $ | — | $ | 1,094,913 | $ | — | $ | 1,094,913 | ||||||||
Total Other Financial Instruments | $ | — | $ | 1,094,913 | $ | — | $ | 1,094,913 | ||||||||
AGFiQ Hedged Dividend Income Fund | ||||||||||||||||
Investments | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks* | $ | 3,627,694 | $ | — | $ | — | $ | 3,627,694 | ||||||||
Master Limited Partnerships | 191,915 | — | — | 191,915 | ||||||||||||
Liabilities | ||||||||||||||||
Common Stocks* | $ | (1,903,344 | ) | $ | — | $ | — | $ | (1,903,344 | ) | ||||||
Total Investments | $ | 1,916,265 | $ | — | $ | — | $ | 1,916,265 |
AGF Investments Trust
Notes to Quarterly Schedules of Investments (continued)
March 31, 2022 (Unaudited)
AGFiQ Global Infrastructure ETF | Level 1 — Quoted Prices | Level 2 — Other Significant Observable Inputs | Level 3 — Significant Unobservable Inputs | Total | ||||||||||||
Investments | ||||||||||||||||
Common Stocks | ||||||||||||||||
Commercial Services& Supplies | $ | — | $ | 13,472 | $ | — | $ | 13,472 | ||||||||
Construction& Engineering | 27,638 | 142,008 | — | 169,646 | ||||||||||||
Diversified Telecommunication Services | 20,125 | 43,436 | — | 63,561 | ||||||||||||
Electric Utilities | 371,750 | 184,033 | — | 555,783 | ||||||||||||
Gas Utilities | 22,671 | 220,405 | — | 243,076 | ||||||||||||
Independent Power and Renewable Electricity Producers | 127,809 | 22,665 | — | 150,474 | ||||||||||||
IT Services | — | 18,358 | — | 18,358 | ||||||||||||
Media | — | 30,013 | — | 30,013 | ||||||||||||
Metals& Mining | — | 14,092 | — | 14,092 | ||||||||||||
Multi-Utilities | 227,776 | 231,920 | — | 459,696 | ||||||||||||
Oil, Gas& Consumable Fuels | 1,015,689 | 18,496 | — | 1,034,185 | ||||||||||||
Road& Rail | 130,333 | 40,423 | — | 170,756 | ||||||||||||
Transportation Infrastructure | 50,044 | 240,676 | — | 290,720 | ||||||||||||
Water Utilities | 128,513 | 41,477 | — | 169,990 | ||||||||||||
Other* | 886,427 | — | — | 886,427 | ||||||||||||
Exchange Traded Funds | 9,002 | — | — | 9,002 | ||||||||||||
Master Limited Partnerships | 22,537 | — | — | 22,537 | ||||||||||||
Total Investments | $ | 3,040,314 | $ | 1,261,474 | $ | — | $ | 4,301,788 |
* | See Schedules of Investments for segregation by industry type. |
** | The tables above are based on market values or unrealized appreciation/(depreciation) rather than the notional amounts of derivatives. The uncertainties surrounding the valuation inputs for a derivative are likely to be more significant to a Fund’s NAV than the uncertainties surrounding inputs for a non-derivative security with the same market value. |