MOM — AGFiQ U.S. Market Neutral Momentum Fund

Data updated: 2021-02-23

MOM — AGFiQ U.S. Market Neutral Momentum Fund. Money Market · $5.04M AUM · 2.58% expense ratio. Holdings, fees, performance and SEC filings.

MOM Fund Overview

MOM — AGFiQ U.S. Market Neutral Momentum 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: $5.04M
1-year return: 8.7%
Ticker: MOM
SEC CIK: 0001479599
SEC series ID: S000033007
Share class ID: C000101796

MOM Investment Objective and Strategy

AGFiQ U.S. Market Neutral Momentum 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 Dow Jones U.S. Thematic Market Neutral Momentum Index.

Principal investment strategy

The Fund seeks to track the performance of the Dow Jones U.S. Thematic Market Neutral Momentum Index (the Target Momentum Index or Index). The Target Momentum Index is a long/short market neutral index that is dollar-neutral. As such, it identifies long and short securities positions of approximately equal dollar amounts. The Fund invests at least 80% of its net assets (plus borrowing for investment purposes) in common stock of the long positions in the Target Momentum Index and sells short at least 80% of the short positions in the Target Momentum Index. The performance of the Fund will depend on the difference in the rates of return between its long positions and short positions. For example, if the Fund's long positions appreciated more rapidly than its short positions, the Fund would generate a positive return.

If the opposite occurred, the Fund would generate a negative return. In choosing to track a market neutral index, the Fund seeks to limit the effects of general market movements on the Fund. The universe for the Target Momentum Index is the top 1,000 eligible securities by market capitalization, including real estate investment trusts (REITs), in the Dow Jones U.S. Index (universe). The securities included in the universe are categorized as belonging to one of ten sectors. The Target Momentum Index identifies approximately the 20% of securities with the highest momentum within each sector as equal-weighted long positions and approximately the 20% of securities with the lowest momentum within each sector as equal-weighted short positions. A stock's momentum is based on its total return, which is a function of price performance and dividend returns over the first twelve of the last thirteen months.

High momentum stocks are those stocks with higher total returns, and low momentum stocks are those stocks with lower total returns. Although the Fund may seek to invest in all of the long and short positions that comprise the Target Momentum 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 Momentum Index. A sampling strategy involves investing in a representative sample of the long and short positions in the Target Momentum Index that, collectively, have an investment profile correlated with the Target Momentum Index. The Fund may invest up to 20% of its assets in instruments, other than the long and short positions in the Target Momentum Index, that the Adviser believes will help the Fund track the Target Momentum Index.

Such instruments may include long and short common stocks not in the Target Momentum Index, derivatives, including swap agreements based on the Target Momentum Index and futures contracts on equity indexes, and money market instruments. The Target Momentum Index, which is compiled by Dow Jones Indexes, is equal-weighted and sector neutral - meaning that at each quarterly reconstitution of the Index, all of the components of the Index are equal-weighted and the number of long and short positions in each sector in the Index approximate the weighting of that sector in the universe. The Target Momentum Index may be rebalanced between reconstitutions back to equal weights and sector neutrality. 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 Momentum Index is concentrated.

MOM Performance

Total returns for MOM (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	8.7%

MOM Risk Information

Risk metrics for MOM, derived from monthly returns in SEC filings.

1-year volatility (annualised): 23.0%

MOM Costs and Fees

MOM costs about $258 per $10,000 invested per year in fund expenses.

Net expense ratio: 2.58%
Gross expense ratio: 9.75%
Portfolio turnover: 391%
Brokerage commissions: 49.59 bps of average net assets (SEC N-CEN)

MOM Cashflows

Over the 12 months to 2020-12, AGFiQ U.S. Market Neutral Momentum Fund had net inflows of $3.14M, from monthly SEC N-PORT filings.

Month	Net flow
2020-12	$0
2020-11	$0
2020-10	$0
2020-09	$0
2020-08	$0
2020-07	$0

MOM Debt Constituents

No individual debt constituents are reported in AGFiQ U.S. Market Neutral Momentum Fund's latest SEC N-PORT filing.

MOM Prospectus and SEC Filings

Official AGFiQ U.S. Market Neutral Momentum Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Money Market 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.