DIVA — AGFiQ Hedged Dividend Income Fund
Data updated: 2022-05-11
DIVA — AGFiQ Hedged Dividend Income Fund. Money Market · $3.91M AUM · 1.21% expense ratio · 11.0% 1-yr return. Holdings, fees, performance and SEC filings.
DIVA Fund Overview
DIVA — AGFiQ Hedged Dividend Income Fund is a US ETF managed by AGF Investments Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: AGF Investments Trust
- Category: Money Market
- Assets under management: $3.91M
- 1-year return: 11.0%
- Ticker: DIVA
- SEC CIK: 0001479599
- SEC series ID: S000039240
- Share class ID: C000120788
DIVA Investment Objective and Strategy
AGFiQ Hedged Dividend Income 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 performance results that correspond to the price and yield performance, before fees and expenses, of the Indxx Hedged Dividend Income Index.
Principal investment strategy
The Fund seeks to track the performance of the Indxx Hedged Dividend Income Index (the Target Hedged Dividend Index or Index). The Target Hedged Dividend Index is a long/short index in which the long positions, in the aggregate, have approximately twice the weight as the short positions, in the aggregate. The performance of the Fund will depend on the differences in the total return between its long positions and short positions. For example, if the Fund's long positions appreciate more rapidly than its short positions, the Fund would generate a positive return. If the opposite occurred, the Fund would generate a negative return. The Fund invests at least 80% of its net assets (plus any borrowing for investment purposes) in common stock of the long positions in the Target Hedged Dividend Index and sells short at least 80% of the short positions in the Target Hedged Dividend Index.
In tracking the Target Hedged Dividend Index, the Fund is designed to provide high dividend income with a secondary goal of capital appreciation and to limit the drawdown of the Fund when equity markets fall and give up some potential gains when the markets rise. The universe for the Target Hedged Dividend Index is the largest 1000 U.S. listed issuers, including real estate investment trusts, (REITs), master limited partnerships (MLPs) and business development companies (BDCs) that meet certain average trading volume and free float requirements established by Indxx LLC (universe). Based on dividends paid over the last three years, the Target Hedged Dividend Index identifies approximately 100 securities that consistently paid the highest dividends and had the highest dividend yields as equal-weighted long components and approximately 150 - 200 securities that inconsistently paid dividends or consistently paid the lowest dividends and had the lowest dividend yields as equal-weighted short components.
Although the Fund will seek to invest in all of the long and short positions that comprise the Target Hedged Dividend Index in approximately the same weight as they appear in the Index, the Fund may use a sampling strategy to track the performance of the Target Hedged Dividend Index. A sampling strategy involves investing in a representative sample of the long and short positions in the Target Hedged Dividend Index that, collectively, have an investment profile correlated with the Target Hedged Dividend Index. In either case, the weightings of the long and short positions in the Fund's portfolio may differ from their weightings in the Target Hedged Dividend Index. The Fund may invest up to 20% of its assets in instruments, other than the long and short positions in the Target Hedged Dividend Index, that the Adviser believes will help the Fund track the Target Hedged Dividend Index.
Such instruments may include long and short common stocks not in the Target Hedged Dividend Index, derivatives, including swap agreements based on the Target Hedged Dividend Index and futures contracts on equity indexes and money market instruments. The Target Hedged Dividend Index is reconstituted and rebalanced quarterly. In the long components of the index, the weight of each sector is subject to a 25% cap. In the short components of the index, each sector's weight is half its weight in the long components. The Fund is expected to concentrate its investments ( i.e. , hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Target Hedged Dividend Index is concentrated.
DIVA Performance
Total returns for DIVA (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 11.0% |
| 3 years (annualised) | 5.6% |
DIVA Risk Information
Risk metrics for DIVA, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.9%
DIVA Costs and Fees
DIVA costs about $121 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.21%
- Gross expense ratio: 8.36%
- Portfolio turnover: 180%
- Brokerage commissions: 11.53 bps of average net assets (SEC N-CEN)
DIVA Cashflows
Over the 12 months to 2022-03, AGFiQ Hedged Dividend Income Fund had net inflows of $2.53K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-03 | $0 |
| 2022-02 | $2.53K |
| 2022-01 | $0 |
| 2021-12 | $0 |
| 2021-11 | $0 |
| 2021-10 | $0 |
DIVA Debt Constituents
No individual debt constituents are reported in AGFiQ Hedged Dividend Income Fund's latest SEC N-PORT filing.
DIVA Prospectus and SEC Filings
Official AGFiQ Hedged Dividend Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-10-28
- Prospectus (485BPOS) — filed 2020-11-17
- Prospectus (485BPOS) — filed 2019-11-14
- Portfolio holdings (N-PORT) — filed 2022-05-11
- Portfolio holdings (N-PORT) — filed 2022-02-18
- Portfolio holdings (N-PORT) — filed 2021-11-12
- Annual census (N-CEN) — filed 2021-09-09
- Annual census (N-CEN) — filed 2020-09-14
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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.