AGF Investments Trust
AGF U.S. Market Neutral Anti-Beta Fund
Schedule of Investments
September 30, 2024 (Unaudited)
| Investments | Shares | Value ($) | ||||||
| Long Positions - 86.5% | ||||||||
| Common Stocks - 86.5% | ||||||||
| Aerospace & Defense - 3.5% | ||||||||
| BWX Technologies, Inc.(a) | 16,769 | 1,822,790 | ||||||
| Curtiss-Wright Corp.(a) | 5,317 | 1,747,645 | ||||||
| General Dynamics Corp.(a) | 5,726 | 1,730,397 | ||||||
| HEICO Corp.(a) | 6,953 | 1,818,071 | ||||||
| Lockheed Martin Corp.(a) | 2,863 | 1,673,595 | ||||||
| Northrop Grumman Corp.(a) | 3,272 | 1,727,845 | ||||||
| RTX Corp.(a) | 14,315 | 1,734,406 | ||||||
| Textron, Inc.(a) | 19,223 | 1,702,773 | ||||||
| 13,957,522 | ||||||||
| Air Freight & Logistics - 0.5% | ||||||||
| CH Robinson Worldwide, Inc.(a) | 16,360 | 1,805,653 | ||||||
| Automobile Components - 0.9% | ||||||||
| BorgWarner, Inc. | 50,716 | 1,840,484 | ||||||
| Fox Factory Holding Corp.*(a) | 43,354 | 1,799,191 | ||||||
| 3,639,675 | ||||||||
| Beverages - 0.4% | ||||||||
| Coca-Cola Co. (The) | 23,722 | 1,704,663 | ||||||
| Biotechnology - 2.5% | ||||||||
| AbbVie, Inc.(a) | 8,589 | 1,696,156 | ||||||
| Amgen, Inc.(a) | 5,317 | 1,713,191 | ||||||
| BioMarin Pharmaceutical, Inc.*(a) | 18,814 | 1,322,436 | ||||||
| Gilead Sciences, Inc.(a) | 22,086 | 1,851,690 | ||||||
| Sarepta Therapeutics, Inc.*(a) | 12,270 | 1,532,400 | ||||||
| United Therapeutics Corp.* | 4,908 | 1,758,782 | ||||||
| 9,874,655 | ||||||||
| Broadline Retail - 0.4% | ||||||||
| Ollie’s Bargain Outlet Holdings, Inc.*(a) | 17,996 | 1,749,211 | ||||||
| Capital Markets - 1.8% | ||||||||
| Cboe Global Markets, Inc.(a) | 8,180 | 1,675,837 | ||||||
| CME Group, Inc.(a) | 8,180 | 1,804,917 | ||||||
| Interactive Brokers Group, Inc., Class A(a) | 13,497 | 1,880,942 | ||||||
| LPL Financial Holdings, Inc.(a) | 7,362 | 1,712,622 | ||||||
| 7,074,318 | ||||||||
| Chemicals - 2.2% | ||||||||
| CF Industries Holdings, Inc.(a) | 20,859 | 1,789,702 | ||||||
| DuPont de Nemours, Inc.(a) | 20,859 | 1,858,746 | ||||||
| FMC Corp.(a) | 26,176 | 1,726,045 | ||||||
| Mosaic Co. (The)(a) | 58,896 | 1,577,235 | ||||||
| NewMarket Corp.(a) | 3,272 | 1,805,784 | ||||||
| 8,757,512 | ||||||||
| Commercial Services & Supplies - 1.7% | ||||||||
| Clean Harbors, Inc.*(a) | 6,953 | 1,680,610 | ||||||
| MSA Safety, Inc.(a) | 9,407 | 1,668,237 | ||||||
| Republic Services, Inc., Class A(a) | 8,180 | 1,642,871 | ||||||
| Commercial Services & Supplies | ||||||||
| Waste Management, Inc.(a) | 8,180 | 1,698,168 | ||||||
| 6,689,886 | ||||||||
| Communications Equipment - 1.8% | ||||||||
| Cisco Systems, Inc.(a) | 33,538 | 1,784,892 | ||||||
| F5, Inc.*(a) | 8,589 | 1,891,298 | ||||||
| Juniper Networks, Inc.(a) | 43,763 | 1,705,882 | ||||||
| Motorola Solutions, Inc.(a) | 4,090 | 1,838,987 | ||||||
| 7,221,059 | ||||||||
| Construction & Engineering - 0.5% | ||||||||
| MDU Resources Group, Inc.(a) | 67,894 | 1,860,974 | ||||||
| Consumer Finance - 0.4% | ||||||||
| FirstCash Holdings, Inc.(a) | 14,724 | 1,690,315 | ||||||
| Consumer Staples Distribution & Retail - 0.9% | ||||||||
| Kroger Co. (The)(a) | 32,311 | 1,851,421 | ||||||
| Sprouts Farmers Market, Inc.*(a) | 16,769 | 1,851,465 | ||||||
| 3,702,886 | ||||||||
| Containers & Packaging - 1.8% | ||||||||
| Amcor plc(a) | 152,966 | 1,733,105 | ||||||
| Crown Holdings, Inc. | 19,223 | 1,843,101 | ||||||
| Packaging Corp. of America(a) | 8,180 | 1,761,972 | ||||||
| Silgan Holdings, Inc.(a) | 33,538 | 1,760,745 | ||||||
| 7,098,923 | ||||||||
| Distributors - 0.4% | ||||||||
| Genuine Parts Co.(a) | 11,861 | 1,656,744 | ||||||
| Diversified Consumer Services - 0.4% | ||||||||
| H&R Block, Inc.(a) | 26,585 | 1,689,477 | ||||||
| Diversified REITs - 0.4% | ||||||||
| WP Carey, Inc., REIT(a) | 28,630 | 1,783,649 | ||||||
| Diversified Telecommunication Services - 0.9% | ||||||||
| AT&T, Inc.(a) | 86,708 | 1,907,576 | ||||||
| Verizon Communications, Inc.(a) | 41,309 | 1,855,187 | ||||||
| 3,762,763 | ||||||||
| Electric Utilities - 2.2% | ||||||||
| Alliant Energy Corp.(a) | 29,448 | 1,787,199 | ||||||
| Duke Energy Corp.(a) | 15,133 | 1,744,835 | ||||||
| Pinnacle West Capital Corp.(a) | 19,632 | 1,739,199 | ||||||
| TXNM Energy, Inc.(a) | 41,718 | 1,825,997 | ||||||
| Xcel Energy, Inc. | 28,221 | 1,842,831 | ||||||
| 8,940,061 | ||||||||
| Electrical Equipment - 0.4% | ||||||||
| Sensata Technologies Holding plc(a) | 44,990 | 1,613,341 | ||||||
| Electronic Equipment, Instruments & Components - 2.6% | ||||||||
| Arrow Electronics, Inc.* | 12,679 | 1,684,152 | ||||||
| Avnet, Inc.(a) | 31,084 | 1,688,172 | ||||||
| Corning, Inc.(a) | 40,082 | 1,809,702 | ||||||
| Crane NXT Co.(a) | 29,448 | 1,652,033 | ||||||
| TD SYNNEX Corp.(a) | 13,906 | 1,669,833 | ||||||
AGF Investments Trust
AGF U.S. Market Neutral Anti-Beta Fund
Schedule of Investments (continued)
September 30, 2024 (Unaudited)
| Investments | Shares | Value ($) | ||||||
| Electronic Equipment, Instruments & Components (continued) | ||||||||
| Teledyne Technologies, Inc.*(a) | 4,090 | 1,790,029 | ||||||
| 10,293,921 | ||||||||
| Energy Equipment & Services - 0.4% | ||||||||
| Baker Hughes Co., Class A | 48,262 | 1,744,671 | ||||||
| Entertainment - 0.4% | ||||||||
| Endeavor Group Holdings, Inc., Class A | 62,168 | 1,775,518 | ||||||
| Food Products - 2.6% | ||||||||
| Bunge Global SA(a) | 17,178 | 1,660,082 | ||||||
| Campbell Soup Co.(a) | 34,356 | 1,680,696 | ||||||
| Flowers Foods, Inc.(a) | 74,847 | 1,726,720 | ||||||
| General Mills, Inc.(a) | 24,131 | 1,782,074 | ||||||
| Kraft Heinz Co. (The)(a) | 47,853 | 1,680,119 | ||||||
| McCormick & Co., Inc. (Non-Voting) | 21,677 | 1,784,017 | ||||||
| 10,313,708 | ||||||||
| Ground Transportation - 0.4% | ||||||||
| CSX Corp.(a) | 50,716 | 1,751,223 | ||||||
| Health Care Providers & Services - 5.0% | ||||||||
| agilon health, Inc.*(a) | 406,955 | 1,599,333 | ||||||
| Cencora, Inc.(a) | 7,362 | 1,657,039 | ||||||
| Centene Corp.*(a) | 21,677 | 1,631,845 | ||||||
| Chemed Corp.(a) | 2,863 | 1,720,577 | ||||||
| Cigna Group (The)(a) | 4,908 | 1,700,327 | ||||||
| Elevance Health, Inc.(a) | 3,272 | 1,701,440 | ||||||
| HealthEquity, Inc.*(a) | 22,495 | 1,841,216 | ||||||
| Humana, Inc.(a) | 4,908 | 1,554,560 | ||||||
| McKesson Corp.(a) | 3,272 | 1,617,742 | ||||||
| Molina Healthcare, Inc.*(a) | 4,908 | 1,691,100 | ||||||
| Quest Diagnostics, Inc.(a) | 11,043 | 1,714,426 | ||||||
| UnitedHealth Group, Inc.(a) | 2,863 | 1,673,939 | ||||||
| 20,103,544 | ||||||||
| Health Care REITs - 1.4% | ||||||||
| Omega Healthcare Investors, Inc., REIT(a) | 43,354 | 1,764,508 | ||||||
| Sabra Health Care, Inc., REIT(a) | 101,841 | 1,895,261 | ||||||
| Welltower, Inc., REIT(a) | 14,315 | 1,832,749 | ||||||
| 5,492,518 | ||||||||
| Hotels, Restaurants & Leisure - 4.0% | ||||||||
| Aramark | 47,853 | 1,853,347 | ||||||
| Chipotle Mexican Grill, Inc., Class A*(a) | 30,266 | 1,743,927 | ||||||
| Choice Hotels International, Inc. | 13,497 | 1,758,659 | ||||||
| Darden Restaurants, Inc.(a) | 11,043 | 1,812,488 | ||||||
| McDonald’s Corp.(a) | 5,726 | 1,743,624 | ||||||
| Texas Roadhouse, Inc., Class A(a) | 10,225 | 1,805,735 | ||||||
| Wendy’s Co. (The)(a) | 100,614 | 1,762,757 | ||||||
| Wyndham Hotels & Resorts, Inc.(a) | 22,086 | 1,725,800 | ||||||
| Yum! Brands, Inc. | 12,679 | 1,771,383 | ||||||
| 15,977,720 | ||||||||
| Household Durables - 0.5% | ||||||||
| Newell Brands, Inc. | 238,856 | 1,834,414 | ||||||
| Household Products - 0.4% | ||||||||
| Church & Dwight Co., Inc.(a) | 16,769 | 1,756,050 | ||||||
| Industrial Conglomerates - 0.4% | ||||||||
| Honeywell International, Inc.(a) | 8,180 | 1,690,888 | ||||||
| Insurance - 11.8% | ||||||||
| Allstate Corp. (The)(a) | 9,407 | 1,784,038 | ||||||
| Aon plc, Class A(a) | 4,908 | 1,698,119 | ||||||
| Arch Capital Group Ltd.*(a) | 15,542 | 1,738,839 | ||||||
| Assurant, Inc.(a) | 8,589 | 1,708,009 | ||||||
| Axis Capital Holdings Ltd.(a) | 22,086 | 1,758,266 | ||||||
| Brown & Brown, Inc.(a) | 16,769 | 1,737,268 | ||||||
| Chubb Ltd.(a) | 6,135 | 1,769,273 | ||||||
| Cincinnati Financial Corp.(a) | 12,679 | 1,725,865 | ||||||
| Erie Indemnity Co., Class A(a) | 3,681 | 1,987,077 | ||||||
| Everest Group Ltd.(a) | 4,499 | 1,762,843 | ||||||
| Hanover Insurance Group, Inc. (The)(a) | 12,270 | 1,817,310 | ||||||
| Hartford Financial Services Group, Inc. (The)(a) | 15,133 | 1,779,792 | ||||||
| Loews Corp.(a) | 21,268 | 1,681,235 | ||||||
| Markel Group, Inc.*(a) | 1,227 | 1,924,648 | ||||||
| Marsh & McLennan Cos., Inc.(a) | 7,362 | 1,642,389 | ||||||
| Old Republic International Corp.(a) | 48,671 | 1,723,927 | ||||||
| Progressive Corp. (The)(a) | 6,953 | 1,764,393 | ||||||
| Reinsurance Group of America, Inc.(a) | 8,180 | 1,782,177 | ||||||
| RenaissanceRe Holdings Ltd.(a) | 6,953 | 1,893,997 | ||||||
| RLI Corp.(a) | 11,452 | 1,774,831 | ||||||
| Ryan Specialty Holdings, Inc., Class A(a) | 26,585 | 1,764,978 | ||||||
| Selective Insurance Group, Inc.(a) | 19,223 | 1,793,506 | ||||||
| Travelers Cos., Inc. (The)(a) | 7,771 | 1,819,346 | ||||||
| Unum Group(a) | 31,084 | 1,847,633 | ||||||
| W R Berkley Corp.(a) | 29,039 | 1,647,382 | ||||||
| White Mountains Insurance Group Ltd. | 818 | 1,387,492 | ||||||
| Willis Towers Watson plc | 5,726 | 1,686,479 | ||||||
| 47,401,112 | ||||||||
| Interactive Media & Services - 0.9% | ||||||||
| Match Group, Inc.* | 45,808 | 1,733,374 | ||||||
| ZoomInfo Technologies, Inc., Class A* | 174,643 | 1,802,316 | ||||||
| 3,535,690 | ||||||||
| IT Services - 3.1% | ||||||||
| Accenture plc, Class A | 4,908 | 1,734,880 | ||||||
| Akamai Technologies, Inc.* | 16,769 | 1,692,830 | ||||||
| Amdocs Ltd.(a) | 20,041 | 1,753,187 | ||||||
| Amentum Holdings, Inc.* | 11,704 | 377,454 | ||||||
| ASGN, Inc.*(a) | 17,996 | 1,677,767 | ||||||
| Cognizant Technology Solutions Corp., Class A(a) | 22,086 | 1,704,597 | ||||||
| International Business Machines Corp.(a) | 8,589 | 1,898,856 | ||||||
AGF Investments Trust
AGF U.S. Market Neutral Anti-Beta Fund
Schedule of Investments (continued)
September 30, 2024 (Unaudited)
| Investments | Shares | Value ($) | ||||||
| IT Services (continued) | ||||||||
| VeriSign, Inc.*(a) | 9,407 | 1,786,954 | ||||||
| 12,626,525 | ||||||||
| Machinery - 1.3% | ||||||||
| Allison Transmission Holdings, Inc. | 18,814 | 1,807,461 | ||||||
| PACCAR, Inc.(a) | 17,996 | 1,775,845 | ||||||
| Snap-on, Inc.(a) | 6,135 | 1,777,371 | ||||||
| 5,360,677 | ||||||||
| Media - 0.9% | ||||||||
| Fox Corp., Class A(a) | 41,718 | 1,765,923 | ||||||
| TEGNA, Inc.(a) | 119,837 | 1,891,028 | ||||||
| 3,656,951 | ||||||||
| Metals & Mining - 0.8% | ||||||||
| Newmont Corp.(a) | 32,311 | 1,727,023 | ||||||
| United States Steel Corp. | 44,990 | 1,589,497 | ||||||
| 3,316,520 | ||||||||
| Multi-Utilities - 1.8% | ||||||||
| Ameren Corp.(a) | 20,859 | 1,824,328 | ||||||
| CMS Energy Corp.(a) | 25,358 | 1,791,036 | ||||||
| Consolidated Edison, Inc.(a) | 17,178 | 1,788,745 | ||||||
| WEC Energy Group, Inc.(a) | 18,405 | 1,770,193 | ||||||
| 7,174,302 | ||||||||
| Office REITs - 0.4% | ||||||||
| COPT Defense Properties, REIT(a) | 58,487 | 1,773,911 | ||||||
| Oil, Gas & Consumable Fuels - 2.8% | ||||||||
| Cheniere Energy, Inc.(a) | 9,407 | 1,691,755 | ||||||
| Devon Energy Corp. | 38,037 | 1,488,007 | ||||||
| Diamondback Energy, Inc.(a) | 8,589 | 1,480,744 | ||||||
| Exxon Mobil Corp. | 14,315 | 1,678,004 | ||||||
| Kinder Morgan, Inc.(a) | 79,755 | 1,761,788 | ||||||
| Murphy Oil Corp.(a) | 44,990 | 1,517,963 | ||||||
| Occidental Petroleum Corp.(a) | 29,857 | 1,538,830 | ||||||
| 11,157,091 | ||||||||
| Pharmaceuticals - 2.1% | ||||||||
| Bristol-Myers Squibb Co.(a) | 35,583 | 1,841,064 | ||||||
| Jazz Pharmaceuticals plc* | 14,724 | 1,640,401 | ||||||
| Johnson & Johnson(a) | 10,634 | 1,723,346 | ||||||
| Pfizer, Inc.(a) | 59,305 | 1,716,287 | ||||||
| Viatris, Inc. | 146,013 | 1,695,211 | ||||||
| 8,616,309 | ||||||||
| Professional Services - 5.1% | ||||||||
| Automatic Data Processing, Inc. | 6,135 | 1,697,739 | ||||||
| CACI International, Inc., Class A*(a) | 3,681 | 1,857,285 | ||||||
| FTI Consulting, Inc.*(a) | 7,771 | 1,768,369 | ||||||
| Genpact Ltd. | 43,354 | 1,699,910 | ||||||
| Jacobs Solutions, Inc.(a) | 11,452 | 1,499,067 | ||||||
| KBR, Inc.(a) | 24,949 | 1,624,928 | ||||||
| ManpowerGroup, Inc.(a) | 23,313 | 1,713,972 | ||||||
| Paychex, Inc. | 13,088 | 1,756,279 | ||||||
| Paycom Software, Inc.(a) | 10,634 | 1,771,305 | ||||||
| Paylocity Holding Corp.* | 10,634 | 1,754,291 | ||||||
| Science Applications International Corp.(a) | 13,088 | 1,822,766 | ||||||
| Professional Services | ||||||||
| TriNet Group, Inc.(a) | 16,769 | 1,626,090 | ||||||
| 20,592,001 | ||||||||
| Residential REITs - 1.3% | ||||||||
| AvalonBay Communities, Inc., REIT(a) | 7,771 | 1,750,418 | ||||||
| Equity LifeStyle Properties, Inc., REIT(a) | 24,131 | 1,721,505 | ||||||
| Equity Residential, REIT(a) | 23,313 | 1,735,886 | ||||||
| 5,207,809 | ||||||||
| Retail REITs - 1.3% | ||||||||
| Agree Realty Corp., REIT(a) | 23,313 | 1,756,169 | ||||||
| Realty Income Corp., REIT(a) | 27,403 | 1,737,898 | ||||||
| Regency Centers Corp., REIT | 24,131 | 1,742,982 | ||||||
| 5,237,049 | ||||||||
| Semiconductors & Semiconductor Equipment - 0.4% | ||||||||
| ON Semiconductor Corp.*(a) | 22,495 | 1,633,362 | ||||||
| Software - 4.5% | ||||||||
| Aspen Technology, Inc.*(a) | 7,771 | 1,855,870 | ||||||
| BILL Holdings, Inc.* | 31,902 | 1,683,149 | ||||||
| CCC Intelligent Solutions Holdings, Inc.*(a) | 157,874 | 1,744,508 | ||||||
| Confluent, Inc., Class A*(a) | 80,982 | 1,650,413 | ||||||
| Dolby Laboratories, Inc., Class A(a) | 23,722 | 1,815,445 | ||||||
| Dropbox, Inc., Class A*(a) | 69,939 | 1,778,549 | ||||||
| Fortinet, Inc.*(a) | 22,495 | 1,744,487 | ||||||
| Microsoft Corp.(a) | 4,090 | 1,759,927 | ||||||
| MicroStrategy, Inc., Class A* | 12,270 | 2,068,722 | ||||||
| Roper Technologies, Inc.(a) | 3,272 | 1,820,672 | ||||||
| 17,921,742 | ||||||||
| Specialized REITs - 0.9% | ||||||||
| Gaming and Leisure Properties, Inc., REIT(a) | 33,538 | 1,725,530 | ||||||
| VICI Properties, Inc., Class A, REIT(a) | 51,534 | 1,716,598 | ||||||
| 3,442,128 | ||||||||
| Specialty Retail - 2.0% | ||||||||
| AutoZone, Inc.*(a) | 409 | 1,288,366 | ||||||
| Murphy USA, Inc.(a) | 3,272 | 1,612,671 | ||||||
| O’Reilly Automotive, Inc.*(a) | 1,636 | 1,884,018 | ||||||
| Penske Automotive Group, Inc.(a) | 10,225 | 1,660,744 | ||||||
| TJX Cos., Inc. (The)(a) | 14,315 | 1,682,585 | ||||||
| 8,128,384 | ||||||||
| Technology Hardware, Storage & Peripherals - 0.4% | ||||||||
| HP, Inc.(a) | 47,853 | 1,716,487 | ||||||
| Textiles, Apparel & Luxury Goods - 1.7% | ||||||||
| Columbia Sportswear Co. | 20,859 | 1,735,260 | ||||||
| Deckers Outdoor Corp.*(a) | 9,816 | 1,565,161 | ||||||
| Lululemon Athletica, Inc.*(a) | 6,135 | 1,664,732 | ||||||
| VF Corp.(a) | 96,115 | 1,917,495 | ||||||
| 6,882,648 | ||||||||
AGF Investments Trust
AGF U.S. Market Neutral Anti-Beta Fund
Schedule of Investments (continued)
September 30, 2024 (Unaudited)
| Investments | Shares | Value ($) | ||||||
| Trading Companies & Distributors - 0.5% | ||||||||
| MSC Industrial Direct Co., Inc., Class A(a) | 20,859 | 1,795,125 | ||||||
| Wireless Telecommunication Services - 0.4% | ||||||||
| T-Mobile US, Inc.(a) | 8,180 | 1,688,025 | ||||||
| Total Common Stocks (Cost $334,157,058) | 347,871,310 | |||||||
| Total Long Positions (Cost $334,157,058) | 347,871,310 | |||||||
| Short Positions - (89.4)% | ||||||||
| Common Stocks - (89.4)% | ||||||||
| Aerospace & Defense - (0.5)% | ||||||||
| Axon Enterprise, Inc. | (4,908 | ) | (1,961,237 | ) | ||||
| Automobiles - (1.7)% | ||||||||
| Ford Motor Co. | (155,829 | ) | (1,645,554 | ) | ||||
| Rivian Automotive, Inc., Class A | (119,837 | ) | (1,344,571 | ) | ||||
| Tesla, Inc. | (8,180 | ) | (2,140,134 | ) | ||||
| Thor Industries, Inc. | (15,951 | ) | (1,752,855 | ) | ||||
| (6,883,114 | ) | |||||||
| Banks - (3.9)% | ||||||||
| Bank OZK | (40,491 | ) | (1,740,708 | ) | ||||
| Citizens Financial Group, Inc. | (41,309 | ) | (1,696,561 | ) | ||||
| Comerica, Inc. | (31,084 | ) | (1,862,242 | ) | ||||
| Pinnacle Financial Partners, Inc. | (17,587 | ) | (1,722,998 | ) | ||||
| Regions Financial Corp. | (75,665 | ) | (1,765,265 | ) | ||||
| Synovus Financial Corp. | (38,446 | ) | (1,709,694 | ) | ||||
| US Bancorp | (38,037 | ) | (1,739,432 | ) | ||||
| Western Alliance Bancorp | (21,677 | ) | (1,874,844 | ) | ||||
| Zions Bancorp NA | (35,583 | ) | (1,680,229 | ) | ||||
| (15,791,973 | ) | |||||||
| Beverages - (0.8)% | ||||||||
| Brown-Forman Corp., Class B | (38,446 | ) | (1,891,543 | ) | ||||
| Celsius Holdings, Inc. | (43,763 | ) | (1,372,408 | ) | ||||
| (3,263,951 | ) | |||||||
| Biotechnology - (2.9)% | ||||||||
| Arrowhead Pharmaceuticals, Inc. | (72,802 | ) | (1,410,175 | ) | ||||
| CRISPR Therapeutics AG | (35,992 | ) | (1,690,904 | ) | ||||
| Denali Therapeutics, Inc. | (69,530 | ) | (2,025,409 | ) | ||||
| Intellia Therapeutics, Inc. | (75,665 | ) | (1,554,916 | ) | ||||
| Moderna, Inc. | (22,086 | ) | (1,476,007 | ) | ||||
| Natera, Inc. | (14,315 | ) | (1,817,289 | ) | ||||
| Roivant Sciences Ltd. | (146,831 | ) | (1,694,430 | ) | ||||
| (11,669,130 | ) | |||||||
| Broadline Retail - (0.5)% | ||||||||
| Kohl’s Corp. | (88,753 | ) | (1,872,688 | ) | ||||
| Building Products - (3.7)% | ||||||||
| Advanced Drainage Systems, Inc. | (11,043 | ) | (1,735,518 | ) | ||||
| Builders FirstSource, Inc. | (9,816 | ) | (1,902,930 | ) | ||||
| Carrier Global Corp. | (24,131 | ) | (1,942,304 | ) | ||||
| Fortune Brands Innovations, Inc. | (22,086 | ) | (1,977,359 | ) | ||||
| Owens Corning | (9,407 | ) | (1,660,524 | ) | ||||
| Simpson Manufacturing Co., Inc. | (9,407 | ) | (1,799,277 | ) | ||||
| Trane Technologies plc | (4,908 | ) | (1,907,887 | ) | ||||
| Trex Co., Inc. | (26,585 | ) | (1,770,029 | ) | ||||
| (14,695,828 | ) | |||||||
| Capital Markets - (5.5)% | ||||||||
| BlackRock, Inc. | (2,045 | ) | (1,941,748 | ) | ||||
| Blackstone, Inc. | (12,270 | ) | (1,878,905 | ) | ||||
| Blue Owl Capital, Inc., Class A | (98,978 | ) | (1,916,214 | ) | ||||
| Carlyle Group, Inc. (The) | (42,945 | ) | (1,849,212 | ) | ||||
| Charles Schwab Corp. (The) | (27,403 | ) | (1,775,989 | ) | ||||
| Coinbase Global, Inc., Class A | (8,589 | ) | (1,530,302 | ) | ||||
| Janus Henderson Group plc | (47,035 | ) | (1,790,623 | ) | ||||
| KKR & Co., Inc. | (14,315 | ) | (1,869,253 | ) | ||||
| Northern Trust Corp. | (19,632 | ) | (1,767,469 | ) | ||||
| Robinhood Markets, Inc., Class A | (81,391 | ) | (1,906,177 | ) | ||||
| T. Rowe Price Group, Inc. | (15,951 | ) | (1,737,542 | ) | ||||
| TPG, Inc., Class A | (34,356 | ) | (1,977,531 | ) | ||||
| (21,940,965 | ) | |||||||
| Chemicals - (2.8)% | ||||||||
| Albemarle Corp. | (19,632 | ) | (1,859,347 | ) | ||||
| Axalta Coating Systems Ltd. | (49,080 | ) | (1,776,205 | ) | ||||
| Celanese Corp., Class A | (13,088 | ) | (1,779,444 | ) | ||||
| Chemours Co. (The) | (89,571 | ) | (1,820,083 | ) | ||||
| Scotts Miracle-Gro Co. (The) | (24,540 | ) | (2,127,618 | ) | ||||
| Sherwin-Williams Co. (The) | (4,908 | ) | (1,873,236 | ) | ||||
| (11,235,933 | ) | |||||||
| Communications Equipment - (0.9)% | ||||||||
| Arista Networks, Inc. | (4,908 | ) | (1,883,789 | ) | ||||
| Lumentum Holdings, Inc. | (30,266 | ) | (1,918,259 | ) | ||||
| (3,802,048 | ) | |||||||
| Construction & Engineering - (0.9)% | ||||||||
| API Group Corp. | (48,671 | ) | (1,607,117 | ) | ||||
| Quanta Services, Inc. | (6,135 | ) | (1,829,150 | ) | ||||
| (3,436,267 | ) | |||||||
| Construction Materials - (0.5)% | ||||||||
| Eagle Materials, Inc. | (6,953 | ) | (2,000,030 | ) | ||||
| Consumer Finance - (0.8)% | ||||||||
| Ally Financial, Inc. | (40,491 | ) | (1,441,074 | ) | ||||
| SoFi Technologies, Inc. | (223,723 | ) | (1,758,463 | ) | ||||
| (3,199,537 | ) | |||||||
| Consumer Staples Distribution & Retail - (1.7)% | ||||||||
| Performance Food Group Co. | (23,313 | ) | (1,827,040 | ) | ||||
| Target Corp. | (11,043 | ) | (1,721,162 | ) | ||||
| US Foods Holding Corp. | (29,857 | ) | (1,836,205 | ) | ||||
| Walgreens Boots Alliance, Inc. | (184,050 | ) | (1,649,088 | ) | ||||
| (7,033,495 | ) | |||||||
| Containers & Packaging - (0.5)% | ||||||||
| Sealed Air Corp. | (50,307 | ) | (1,826,144 | ) | ||||
AGF Investments Trust
AGF U.S. Market Neutral Anti-Beta Fund
Schedule of Investments (continued)
September 30, 2024 (Unaudited)
| Investments | Shares | Value ($) | ||||||
| Diversified Consumer Services - (0.6)% | ||||||||
| Duolingo, Inc., Class A | (8,180 | ) | (2,306,924 | ) | ||||
| Diversified Telecommunication Services - (0.5)% | ||||||||
| Frontier Communications Parent, Inc. | (59,714 | ) | (2,121,638 | ) | ||||
| Electric Utilities - (1.1)% | ||||||||
| Constellation Energy Corp. | (8,998 | ) | (2,339,660 | ) | ||||
| NRG Energy, Inc. | (20,859 | ) | (1,900,255 | ) | ||||
| (4,239,915 | ) | |||||||
| Electrical Equipment - (3.1)% | ||||||||
| Eaton Corp. plc | (5,726 | ) | (1,897,825 | ) | ||||
| Generac Holdings, Inc. | (11,043 | ) | (1,754,512 | ) | ||||
| NEXTracker, Inc., Class A | (42,127 | ) | (1,578,920 | ) | ||||
| nVent Electric plc | (26,176 | ) | (1,839,126 | ) | ||||
| Shoals Technologies Group, Inc., Class A | (325,973 | ) | (1,828,708 | ) | ||||
| Sunrun, Inc. | (83,436 | ) | (1,506,854 | ) | ||||
| Vertiv Holdings Co., Class A | (21,677 | ) | (2,156,645 | ) | ||||
| (12,562,590 | ) | |||||||
| Electronic Equipment, Instruments & Components - (0.5)% | ||||||||
| Coherent Corp. | (21,677 | ) | (1,927,302 | ) | ||||
| Energy Equipment & Services - (1.2)% | ||||||||
| ChampionX Corp. | (54,397 | ) | (1,640,070 | ) | ||||
| Noble Corp. plc | (45,808 | ) | (1,655,501 | ) | ||||
| Transocean Ltd. | (352,558 | ) | (1,498,371 | ) | ||||
| (4,793,942 | ) | |||||||
| Entertainment - (2.0)% | ||||||||
| Liberty Media Corp-Liberty Live, Class C | (43,354 | ) | (2,225,361 | ) | ||||
| Live Nation Entertainment, Inc. | (18,405 | ) | (2,015,163 | ) | ||||
| ROBLOX Corp., Class A | (39,264 | ) | (1,737,825 | ) | ||||
| Roku, Inc., Class A | (24,949 | ) | (1,862,692 | ) | ||||
| (7,841,041 | ) | |||||||
| Financial Services - (2.8)% | ||||||||
| Affirm Holdings, Inc., Class A | (53,579 | ) | (2,187,095 | ) | ||||
| Block, Inc., Class A | (26,176 | ) | (1,757,195 | ) | ||||
| PayPal Holdings, Inc. | (24,131 | ) | (1,882,942 | ) | ||||
| Rocket Cos., Inc., Class A | (85,481 | ) | (1,640,380 | ) | ||||
| Shift4 Payments, Inc., Class A | (21,268 | ) | (1,884,345 | ) | ||||
| Toast, Inc., Class A | (70,348 | ) | (1,991,552 | ) | ||||
| (11,343,509 | ) | |||||||
| Food Products - (0.4)% | ||||||||
| Darling Ingredients, Inc. | (42,127 | ) | (1,565,439 | ) | ||||
| Gas Utilities - (0.4)% | ||||||||
| UGI Corp. | (71,166 | ) | (1,780,573 | ) | ||||
| Ground Transportation - (2.2)% | ||||||||
| Avis Budget Group, Inc. | (20,041 | ) | (1,755,391 | ) | ||||
| Lyft, Inc., Class A | (149,694 | ) | (1,908,599 | ) | ||||
| Saia, Inc. | (4,499 | ) | (1,967,233 | ) | ||||
| Ground Transportation | ||||||||
| Uber Technologies, Inc. | (24,131 | ) | (1,813,686 | ) | ||||
| XPO, Inc. | (14,724 | ) | (1,582,977 | ) | ||||
| (9,027,886 | ) | |||||||
| Health Care Equipment & Supplies - (3.5)% | ||||||||
| Align Technology, Inc. | (7,362 | ) | (1,872,304 | ) | ||||
| Edwards Lifesciences Corp. | (24,949 | ) | (1,646,385 | ) | ||||
| IDEXX Laboratories, Inc. | (3,681 | ) | (1,859,715 | ) | ||||
| Insulet Corp. | (8,998 | ) | (2,094,284 | ) | ||||
| Novocure Ltd. | (96,524 | ) | (1,508,670 | ) | ||||
| Penumbra, Inc. | (8,589 | ) | (1,668,929 | ) | ||||
| ResMed, Inc. | (7,362 | ) | (1,797,211 | ) | ||||
| Teleflex, Inc. | (7,362 | ) | (1,820,770 | ) | ||||
| (14,268,268 | ) | |||||||
| Health Care Providers & Services - (0.4)% | ||||||||
| Guardant Health, Inc. | (66,667 | ) | (1,529,341 | ) | ||||
| Health Care REITs - (0.4)% | ||||||||
| Alexandria Real Estate Equities, Inc., REIT | (15,133 | ) | (1,797,044 | ) | ||||
| Health Care Technology - (1.0)% | ||||||||
| Teladoc Health, Inc. | (244,173 | ) | (2,241,508 | ) | ||||
| Veeva Systems, Inc., Class A | (8,589 | ) | (1,802,574 | ) | ||||
| (4,044,082 | ) | |||||||
| Hotels, Restaurants & Leisure - (3.2)% | ||||||||
| Caesars Entertainment, Inc. | (45,808 | ) | (1,912,026 | ) | ||||
| Carnival Corp. | (101,841 | ) | (1,882,022 | ) | ||||
| DoorDash, Inc., Class A | (13,497 | ) | (1,926,427 | ) | ||||
| DraftKings, Inc., Class A | (49,080 | ) | (1,923,936 | ) | ||||
| Expedia Group, Inc. | (12,270 | ) | (1,816,205 | ) | ||||
| MGM Resorts International | (45,808 | ) | (1,790,635 | ) | ||||
| Penn Entertainment, Inc. | (90,389 | ) | (1,704,736 | ) | ||||
| (12,955,987 | ) | |||||||
| Household Durables - (0.9)% | ||||||||
| Toll Brothers, Inc. | (12,270 | ) | (1,895,592 | ) | ||||
| TopBuild Corp. | (4,499 | ) | (1,830,238 | ) | ||||
| (3,725,830 | ) | |||||||
| Independent Power and Renewable Electricity Producers - (1.6)% | ||||||||
| AES Corp. (The) | (100,205 | ) | (2,010,112 | ) | ||||
| Clearway Energy, Inc., Class C | (60,532 | ) | (1,857,122 | ) | ||||
| Vistra Corp. | (20,450 | ) | (2,424,143 | ) | ||||
| (6,291,377 | ) | |||||||
| Industrial REITs - (0.4)% | ||||||||
| Prologis, Inc., REIT | (13,497 | ) | (1,704,401 | ) | ||||
| Insurance - (0.4)% | ||||||||
| Lincoln National Corp. | (53,988 | ) | (1,701,162 | ) | ||||
| Interactive Media & Services - (0.9)% | ||||||||
| Pinterest, Inc., Class A | (55,215 | ) | (1,787,310 | ) | ||||
| Snap, Inc., Class A | (182,823 | ) | (1,956,206 | ) | ||||
| (3,743,516 | ) | |||||||
| IT Services - (0.9)% | ||||||||
| Cloudflare, Inc., Class A | (21,268 | ) | (1,720,368 | ) | ||||
AGF Investments Trust
AGF U.S. Market Neutral Anti-Beta Fund
Schedule of Investments (continued)
September 30, 2024 (Unaudited)
| Investments | Shares | Value ($) | ||||||
| IT Services (continued) | ||||||||
| MongoDB, Inc., Class A | (7,362 | ) | (1,990,317 | ) | ||||
| (3,710,685 | ) | |||||||
| Leisure Products - (0.4)% | ||||||||
| Peloton Interactive, Inc., Class A | (360,738 | ) | (1,688,254 | ) | ||||
| Life Sciences Tools & Services - (1.7)% | ||||||||
| 10X Genomics, Inc., Class A | (76,892 | ) | (1,736,222 | ) | ||||
| Charles River Laboratories International, Inc. | (8,589 | ) | (1,691,775 | ) | ||||
| Illumina, Inc. | (13,088 | ) | (1,706,806 | ) | ||||
| Repligen Corp. | (11,861 | ) | (1,765,154 | ) | ||||
| (6,899,957 | ) | |||||||
| Machinery - (0.9)% | ||||||||
| Chart Industries, Inc. | (13,906 | ) | (1,726,291 | ) | ||||
| ITT, Inc. | (12,679 | ) | (1,895,637 | ) | ||||
| (3,621,928 | ) | |||||||
| Media - (0.5)% | ||||||||
| Trade Desk, Inc. (The), Class A | (16,769 | ) | (1,838,721 | ) | ||||
| Metals & Mining - (1.0)% | ||||||||
| Alcoa Corp. | (50,716 | ) | (1,956,623 | ) | ||||
| Freeport-McMoRan, Inc. | (38,446 | ) | (1,919,225 | ) | ||||
| (3,875,848 | ) | |||||||
| Mortgage Real Estate Investment Trusts (REITs) - (0.9)% | ||||||||
| AGNC Investment Corp. | (169,326 | ) | (1,771,150 | ) | ||||
| Annaly Capital Management, Inc. | (87,117 | ) | (1,748,438 | ) | ||||
| (3,519,588 | ) | |||||||
| Multi-Utilities - (0.9)% | ||||||||
| Dominion Energy, Inc. | (31,084 | ) | (1,796,344 | ) | ||||
| Northwestern Energy Group, Inc. | (32,311 | ) | (1,848,836 | ) | ||||
| (3,645,180 | ) | |||||||
| Office REITs - (1.4)% | ||||||||
| BXP, Inc., REIT | (23,313 | ) | (1,875,764 | ) | ||||
| Kilroy Realty Corp., REIT | (47,444 | ) | (1,836,083 | ) | ||||
| Vornado Realty Trust, REIT | (50,716 | ) | (1,998,210 | ) | ||||
| (5,710,057 | ) | |||||||
| Oil, Gas & Consumable Fuels - (2.2)% | ||||||||
| Antero Resources Corp. | (65,440 | ) | (1,874,856 | ) | ||||
| EQT Corp. | (53,170 | ) | (1,948,149 | ) | ||||
| HF Sinclair Corp. | (35,992 | ) | (1,604,163 | ) | ||||
| Matador Resources Co. | (30,266 | ) | (1,495,746 | ) | ||||
| Range Resources Corp. | (58,487 | ) | (1,799,060 | ) | ||||
| (8,721,974 | ) | |||||||
| Paper & Forest Products - (0.5)% | ||||||||
| Louisiana-Pacific Corp. | (17,996 | ) | (1,933,850 | ) | ||||
| Passenger Airlines - (0.5)% | ||||||||
| Delta Air Lines, Inc. | (42,536 | ) | (2,160,403 | ) | ||||
| Personal Care Products - (1.2)% | ||||||||
| Coty, Inc., Class A | (182,005 | ) | (1,709,027 | ) | ||||
| elf Beauty, Inc. | (11,452 | ) | (1,248,611 | ) | ||||
| Estee Lauder Cos., Inc. (The), Class A | (18,814 | ) | (1,875,568 | ) | ||||
| (4,833,206 | ) | |||||||
| Pharmaceuticals - (0.4)% | ||||||||
| Elanco Animal Health, Inc. | (114,111 | ) | (1,676,291 | ) | ||||
| Professional Services - (1.7)% | ||||||||
| Concentrix Corp. | (24,131 | ) | (1,236,714 | ) | ||||
| Dayforce, Inc. | (29,857 | ) | (1,828,741 | ) | ||||
| Equifax, Inc. | (5,726 | ) | (1,682,643 | ) | ||||
| TransUnion | (17,996 | ) | (1,884,181 | ) | ||||
| (6,632,279 | ) | |||||||
| Real Estate Management & Development - (2.7)% | ||||||||
| CBRE Group, Inc., Class A | (15,133 | ) | (1,883,756 | ) | ||||
| CoStar Group, Inc. | (22,495 | ) | (1,697,023 | ) | ||||
| Howard Hughes Holdings, Inc. | (23,313 | ) | (1,805,125 | ) | ||||
| Jones Lang LaSalle, Inc. | (6,953 | ) | (1,875,989 | ) | ||||
| Opendoor Technologies, Inc. | (730,474 | ) | (1,460,948 | ) | ||||
| Zillow Group, Inc., Class C | (30,266 | ) | (1,932,484 | ) | ||||
| (10,655,325 | ) | |||||||
| Semiconductors & Semiconductor Equipment - (6.7)% | ||||||||
| Advanced Micro Devices, Inc. | (11,452 | ) | (1,879,044 | ) | ||||
| Amkor Technology, Inc. | (52,761 | ) | (1,614,487 | ) | ||||
| Broadcom, Inc. | (10,634 | ) | (1,834,365 | ) | ||||
| Enphase Energy, Inc. | (14,315 | ) | (1,617,881 | ) | ||||
| Intel Corp. | (86,708 | ) | (2,034,170 | ) | ||||
| Lam Research Corp. | (2,045 | ) | (1,668,884 | ) | ||||
| Marvell Technology, Inc. | (24,949 | ) | (1,799,322 | ) | ||||
| Micron Technology, Inc. | (17,587 | ) | (1,823,948 | ) | ||||
| MKS Instruments, Inc. | (14,724 | ) | (1,600,646 | ) | ||||
| Monolithic Power Systems, Inc. | (1,636 | ) | (1,512,482 | ) | ||||
| NVIDIA Corp. | (13,497 | ) | (1,639,076 | ) | ||||
| Power Integrations, Inc. | (26,585 | ) | (1,704,630 | ) | ||||
| Rambus, Inc. | (38,446 | ) | (1,623,190 | ) | ||||
| SolarEdge Technologies, Inc. | (67,485 | ) | (1,546,081 | ) | ||||
| Teradyne, Inc. | (12,679 | ) | (1,698,098 | ) | ||||
| Wolfspeed, Inc. | (141,923 | ) | (1,376,653 | ) | ||||
| (26,972,957 | ) | |||||||
| Software - (2.6)% | ||||||||
| Braze, Inc., Class A | (38,037 | ) | (1,230,117 | ) | ||||
| Crowdstrike Holdings, Inc., Class A | (6,544 | ) | (1,835,396 | ) | ||||
| Palantir Technologies, Inc., Class A | (56,442 | ) | (2,099,642 | ) | ||||
| Samsara, Inc., Class A | (41,309 | ) | (1,987,789 | ) | ||||
| UiPath, Inc., Class A | (134,970 | ) | (1,727,616 | ) | ||||
| Zscaler, Inc. | (8,998 | ) | (1,538,118 | ) | ||||
| (10,418,678 | ) | |||||||
| Specialized REITs - (0.9)% | ||||||||
| Lamar Advertising Co., Class A, REIT | (14,315 | ) | (1,912,484 | ) | ||||
| Rayonier, Inc., REIT | (57,669 | ) | (1,855,788 | ) | ||||
| (3,768,272 | ) | |||||||
| Specialty Retail - (3.8)% | ||||||||
| Bath & Body Works, Inc. | (55,215 | ) | (1,762,463 | ) | ||||
| CarMax, Inc. | (20,450 | ) | (1,582,421 | ) | ||||
| Carvana Co., Class A | (11,043 | ) | (1,922,697 | ) | ||||
| Dick’s Sporting Goods, Inc. | (7,362 | ) | (1,536,449 | ) | ||||
| Floor & Decor Holdings, Inc., Class A | (15,542 | ) | (1,929,850 | ) | ||||
| GameStop Corp., Class A | (83,845 | ) | (1,922,566 | ) | ||||
| RH | (6,544 | ) | (2,188,510 | ) | ||||
| Vitamin Oldco Holdings, Inc.‡ | (6,956 | ) | — | |||||
AGF Investments Trust
AGF U.S. Market Neutral Anti-Beta Fund
Schedule of Investments (continued)
September 30, 2024 (Unaudited)
| Investments | Shares | Value ($) | ||||||
| Specialty Retail (continued) | ||||||||
| Wayfair, Inc., Class A | (40,082 | ) | (2,251,807 | ) | ||||
| (15,096,763 | ) | |||||||
| Technology Hardware, Storage & Peripherals - (0.8)% | ||||||||
| Dell Technologies, Inc., Class C | (15,542 | ) | (1,842,348 | ) | ||||
| Super Micro Computer, Inc. | (3,272 | ) | (1,362,461 | ) | ||||
| (3,204,809 | ) | |||||||
| Trading Companies & Distributors - (1.3)% | ||||||||
| Core & Main, Inc., Class A | (34,356 | ) | (1,525,406 | ) | ||||
| United Rentals, Inc. | (2,454 | ) | (1,987,078 | ) | ||||
| WESCO International, Inc. | (10,634 | ) | (1,786,299 | ) | ||||
| (5,298,783 | ) | |||||||
| Water Utilities - (0.4)% | ||||||||
| American Water Works Co., Inc. | (12,270 | ) | (1,794,365 | ) | ||||
| Total Common Stocks (Proceeds $(367,827,734)) | (359,562,280 | ) | ||||||
| Total Short Positions (Proceeds $(367,827,734)) | (359,562,280 | ) | ||||||
| Total Investments - (2.9)% (Net Cost and Proceeds $(33,670,676)) | (11,690,970 | ) | ||||||
| Other assets less liabilities - 102.9% | 414,091,058 | |||||||
| Net Assets - 100.0% | 402,400,088 | |||||||
| * | 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 $155,929,223. |
| ‡ | Security fair valued as of September 30, 2024 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at September 30, 2024 amounted to $0, which represents approximately 0.00% of net assets of the Fund. |
AGF Investments Trust
AGF U.S. Market Neutral Anti-Beta Fund
Schedule of Investments (continued)
September 30, 2024 (Unaudited)
| OTC Total return swap contracts outstanding as of September 30, 2024 | ||||||||||||||||||||
| Notional Amount | Termination Date(1) | Counterparty | Rate Paid (Received)(2) | Payment Frequency | Underlying Instrument(3) | Value and Unrealized Appreciation/ (Depreciation) ($) | ||||||||||||||
| USD | 61,448,812 | 10/1/2025 | Morgan Stanley | 5.18 | % | Monthly | Dow Jones U.S. Low Beta Total Return Index(4) | 8,124,542 | ||||||||||||
| USD | (63,218,634 | ) | 10/1/2025 | Morgan Stanley | 4.43 | % | Monthly | Dow Jones U.S. High Beta Total Return Index(5) | (5,110,869 | ) | ||||||||||
| 3,013,673 | ||||||||||||||||||||
| (1) | Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity. | |
| (2) | Reflects the floating financing rate (based on the U.S. effective federal funds rate), as of September 30, 2024, 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 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
Notes to Quarterly Schedules of Investments
September 30, 2024 (Unaudited)
Investment Valuation
The Fund discloses 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 Fund’s (observable inputs) and (2) the Fund’s 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 that the Fund have the ability to access. |
| • | 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 the 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 September 30, 2024 for the Fund based upon the three levels defined above:
| Level 1 — Quoted Prices | Level 2 — Other Significant Observable Inputs | Level 3 —Significant Unobservable Inputs | Total | |||||||||||||
| AGF U.S. Market Neutral Anti-Beta Fund | ||||||||||||||||
| Investments | ||||||||||||||||
| Assets | ||||||||||||||||
| Common Stocks** | $ | 347,871,310 | $ | — | $ | — | * | $ | 347,871,310 | |||||||
| Liabilities | ||||||||||||||||
| Common Stocks** | (359,562,280 | ) | — | — | (359,562,280 | ) | ||||||||||
| Total Investments | $ | (11,690,970 | ) | $ | — | $ | — | $ | (11,690,970 | ) | ||||||
| Other Financial Instruments | ||||||||||||||||
| Assets | ||||||||||||||||
| Swap Agreement*** | $ | — | $ | 8,124,542 | $ | — | $ | 8,124,542 | ||||||||
| Liabilities | ||||||||||||||||
| Swap Agreement*** | $ | — | $ | (5,110,869 | ) | $ | — | $ | (5,110,869 | ) | ||||||
| Total Other Financial Instruments | $ | — | $ | 3,013,673 | $ | — | $ | 3,013,673 | ||||||||
| * | Security has zero value. |
| ** | See Schedule of Investments for segregation by industry. |
| *** | 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.
