AGQRX — AGF Emerging Markets Equity Fund
Data updated: 2024-05-23
AGQRX — AGF Emerging Markets Equity Fund. Emerging Markets Large Cap Blend / Core Information Technology Equity. Holdings, fees, performance and SEC filings.
AGQRX Fund Overview
AGQRX — AGF Emerging Markets Equity Fund is a US mutual fund managed by AGF Investments Trust, categorised as Emerging Markets Large Cap Blend / Core Information Technology Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: AGF Investments Trust
- Category: Emerging Markets Large Cap Blend / Core Information Technology Equity
- Assets under management: $697.81K
- 1-year return: -1.7%
- Ticker: AGQRX
- SEC CIK: 0001479599
- SEC series ID: S000067379
- Share class ID: C000216688
AGQRX Investment Objective and Strategy
AGF Emerging Markets Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by AGF Investments Trust.
Investment objective
The Fund seeks to provide capital growth.
Principal investment strategy
The Fund invests, under normal circumstances, at least 80% of its net assets (plus the amounts of any borrowings) in equity securities issued by companies that are economically tied to emerging market countries. The equity securities in which the Fund invests are primarily publicly traded common stocks. For the purpose of the Funds 80% investment policy, equity securities also include preferred stock, convertible securities (that are in the money and immediately convertible into equity at the time of investment), warrants/rights, installment receipts, trust units and equity-linked investments such as depositary receipts (including American Depositary Receipts (ADRs), European Depositary Receipts (EDRs) and Global Depositary Receipts (GDRs)), which are certificates typically issued by a bank or trust company that represent ownership interests in securities of non-U.S.
companies, and participation notes (P-Notes), which are derivative instruments designed to replicate equity exposure in certain foreign markets where direct investment is impossible or difficult due to local investment restrictions. AGFA defines emerging market countries to include those countries that are included in the Morgan Stanley Capital International (MSCI) Emerging Markets Index and those countries that are included in the MSCI Frontier Markets Index. The index sponsor may over time change the countries included within these indices. The Fund will normally maintain investments in companies economically tied to a minimum of three emerging market countries. AGFA considers a company to be economically tied to emerging market countries if at least one of the following apply: a companys securities are traded principally in an emerging market country; at least 50% of the companys assets are located in emerging market countries; at least 50% of a companys revenues are generated in emerging market countries; the company is organized, conducts its principal operations, or maintains its principal place of business or principal manufacturing facilities in an emerging market country; the company is classified by a major benchmark index or market data services provider as having its primary country of risk in an emerging market country.
AGFA uses a quantitative framework to assist in determining in which countries to invest and the amount of the Funds assets to allocate to each country. AGFA then uses a bottom-up investment philosophy to uncover stocks that it views as being reasonably priced relative to their growth potential. The Fund may from time to time focus its investments in a particular country or geographic region. The Fund may invest in a variety of investment vehicles, including exchange-traded funds (ETFs) and other mutual funds, including mutual funds and ETFs managed by AGFA or its affiliates. The Fund may also invest in China-A shares listed and traded on the Shanghai Stock Exchange through the Shanghai-Hong Kong Stock Connect program or listed and traded on the Shenzhen Stock Exchange through the Shenzhen-Hong Kong Stock Connect program.
The Fund may also invest up to 20% of its net assets in securities that are either not equity securities and/or not economically to emerging market countries. These investments may include equity securities economically tied to developed market countries, treasury bills, bonds or other evidence of indebtedness, warrants, and short-term investments such as cash or cash equivalents. The Fund is non-diversified, which means it may invest a greater percentage of its assets in a limited number of issuers than a diversified fund.
AGQRX Holdings
Top 10 holdings of AGF Emerging Markets Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Taiwan Semiconductor Manufacturing Co. Ltd. | 10.29% |
| Tencent Holdings Ltd. | 5.99% |
| Samsung Electronics Co. Ltd. | 5.97% |
| Alibaba Group Holding Ltd. | 4.56% |
| Varun Beverages Ltd. | 3.17% |
| AIA Group Ltd. | 2.56% |
| Macquarie Bank Limited | 2.44% |
| Bharti Airtel Ltd. | 2.33% |
| Reliance Industries Ltd. | 2.15% |
| Larsen & Toubro Ltd. | 2.03% |
AGQRX Portfolio Allocation
Asset-class allocation of AGF Emerging Markets Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 89.6% |
| Other | 4.8% |
AGQRX Performance
Total returns for AGQRX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -1.7% |
| 3 years (annualised) | -7.6% |
AGQRX Risk Information
Risk metrics for AGQRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 15.3%
AGQRX Costs and Fees
AGQRX costs about $95 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.95%
- Gross expense ratio: 58.31%
- Portfolio turnover: 45%
- Brokerage commissions: 11.07 bps of average net assets (SEC N-CEN)
AGQRX Cashflows
Over the 12 months to 2024-03, AGF Emerging Markets Equity Fund had net inflows of $11.20K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-03 | $0 |
| 2024-02 | $0 |
| 2024-01 | $0 |
| 2023-12 | $11.20K |
| 2023-11 | $0 |
| 2023-10 | $0 |
AGQRX Debt Constituents
No individual debt constituents are reported in AGF Emerging Markets Equity Fund's latest SEC N-PORT filing.
AGQRX Prospectus and SEC Filings
Official AGF Emerging Markets Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-10-27
- Prospectus (485BPOS) — filed 2022-10-28
- Prospectus (485BPOS) — filed 2021-10-28
- Portfolio holdings (N-PORT) — filed 2024-05-23
- Portfolio holdings (N-PORT) — filed 2024-02-27
- Portfolio holdings (N-PORT) — filed 2023-11-16
- Annual census (N-CEN) — filed 2023-09-08
- Annual census (N-CEN) — filed 2022-09-07
Related Funds
Other Emerging Markets Large Cap Blend / Core Information Technology Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.