AGF Announces Pricing Changes, Preliminary Prospectus Filings for New Funds and Select Fund/Series Closures
May 25 2023 - 8:00AM
AGF Investments Inc. (AGF) today announced pricing changes,
preliminary prospectus filings to launch new funds and select
fund/series closures.
“At AGF, we continually review our product line-up to ensure our
offerings are responsive to market trends and regulatory changes,
while also delivering competitive pricing,” said Karrie Van Belle,
Chief Marketing & Innovation Officer, AGF. “Looking ahead, we
are committed to additional enhancements and varying product
structures to meet the evolving needs our clients.”
Pricing Changes
AGF is further refining its line-up, offering more competitive
pricing for certain funds. Effective June 1, 2023, AGF will reduce
certain fund/series management fees, as indicated in the chart
below.
Fund |
Series |
Management Fee Change |
AGF American Growth Fund |
MF Series |
2.20% changed to 2.10% |
Series F |
1.00% changed to 0.90% |
Series FV |
1.00% changed to 0.90% |
Series T |
2.20% changed to 2.10% |
AGF Emerging Markets Bond Fund |
Series F |
0.90% changed to 0.75% |
AGF Emerging Markets Fund |
Series F |
1.00% changed to 0.90% |
AGF Fixed Income Plus Fund |
Series F |
0.70% changed to 0.60% |
AGF Global Convertible Bond Fund |
Series F |
0.95% changed to 0.75% |
Series FV |
0.95% changed to 0.75% |
Series W |
0.80% changed to 0.75%* |
AGF Global Growth Balanced Fund |
Series F |
1.00% changed to 0.90% |
Series FV |
1.00% changed to 0.90% |
AGF Global Real Assets Class |
MF Series |
2.50% changed to 2.35% |
AGF Global Real Assets Fund |
Series F |
0.70% changed to 0.60% |
AGF Global Select Fund |
Series F |
1.00% changed to 0.80% |
Series W |
0.90% changed to 0.80%* |
AGF Global Yield Fund |
Series F |
0.75% changed to 0.65% |
Series FV |
0.75% changed to 0.65% |
Series W |
0.70% changed to 0.65%* |
AGF Total Return Bond Class |
Series F |
0.75% changed to 0.70% |
Series FV |
0.75% changed to 0.70% |
Series W |
0.75% changed to 0.70%* |
AGF Total Return Bond Fund |
MF Series |
1.45% changed to 1.35% |
Series F |
0.75% changed to 0.60% |
Series V |
1.45% changed to 1.35% |
Series W |
0.75% changed to 0.60%* |
AGF U.S. Sector Class |
Series F |
1.00% changed to 0.85% |
Series W |
0.90% changed to 0.85%* |
AGF U.S. Small-Mid Cap Fund |
Series F |
1.00% changed to 0.90% |
Series W |
1.00% changed to 0.90%* |
*refers to the maximum management fee
Mutual Fund and Series Launches
New Strategy/Fund Launches
AGF is enhancing its line-up with the launch of two new mutual
funds with corresponding ETF series options as indicated in the
chart below.
“These new strategies are designed to provide access to evolving
market trends and will be launching with both mutual fund and ETF
series, delivering multiple ways our clients and investors can
access our strategies. Focusing on the strategies where the ETF
vehicle is in particular demand, we expect to further expand our
ETF series line-up on other existing mutual funds later this year,”
added Van Belle.
Fund Name |
Launch Date |
Investment Objective |
Series Offered |
Risk Rating |
AGF Enhanced U.S. Equity Income Fund |
On or about August 21, 2023* |
The Fund seeks to provide long-term capital appreciation by
investing in a diversified portfolio of dividend-paying U.S. equity
securities while mitigating volatility and generating consistent
income through the use of options. |
F,I, ETF Series |
Medium Risk |
AGF Emerging Markets ex China Fund |
On or about August 21, 2023* |
The Fund seeks to provide capital growth. It invests primarily in
equity securities of companies located in or with significant
business interests in emerging market countries outside of
China. |
F,I, ETF Series |
Medium to High Risk |
*pending final regulatory filings and regulatory approval
Trust Version Fund Launches
AGF is also launching trust fund versions of the following three
existing corporate class equivalent funds, as set out in the chart
below.
Fund Name |
Launch Date |
Investment Objective |
Series Offered |
Risk Rating |
AGF Canadian Growth Equity Fund |
On or about July 5, 2023* |
The Fund’s objective is to provide capital growth. It invests
primarily in shares of Canadian companies that are expected to
profit from future economic growth. |
MF, F, I Series |
Medium Risk |
AGF China Focus Fund |
On or about July 5, 2023* |
The Fund’s objective is to provide long-term capital growth. It
invests primarily in stocks and bonds of companies based in China,
or in companies that will benefit from economic development and
growth in the PRC. |
MF, F, I Series |
High Risk |
AGF U.S. Sector Fund |
On or about July 5, 2023* |
The Fund’s objective is to provide long-term capital appreciation
while normally maintaining lower than market volatility. The Fund
incorporates embedded downside risk management in order to protect
capital in periods of falling equity markets. The Fund seeks to
obtain exposure to a diversified portfolio consisting primarily of,
but not limited to, any combination of U.S. sector-based ETFs
and/or equity securities, short-term instruments, as well as cash
and cash equivalents. |
MF, F, I Series |
Low to Medium Risk |
*pending final regulatory filings and regulatory approval
Fund/Series Closures to New Investors
AGF is capping certain corporate class funds (applicable series,
as indicated). Effective July 5, 2023, AGF will be closing the
following funds/series to new investors, as indicated in the chart
below. These funds/series will remain available to existing
investors, including those with systematic investment plans.
Fund |
Series |
AGF Canadian Growth Equity Class |
All Series(MF Series, Series F, Series I, Series O) |
AGF China Focus Class |
All Series(MF Series, Series F, Series O) |
AGF Elements Balanced Portfolio Class |
All Series(MF Series, Series F, Series FV, Series O, Series Q,
Series T, Series V, Series W) |
AGF Elements Conservative Portfolio Class |
All Series(MF Series, Series F, Series FV, Series O, Series Q,
Series V, Series W) |
AGF Elements Global Portfolio Class |
All Series(MF Series, Series F, Series O, Series Q, Series W) |
AGF Elements Growth Portfolio Class |
All Series(MF Series, Series F, Series FV, Series O, Series Q,
Series T, Series V, Series W) |
AGF Emerging Markets Class |
All Series(MF Series, Series F, Series O, Series Q, Series W) |
AGF Fixed Income Plus Class |
MF Series, Series Q |
AGF Global Dividend Class |
All Series(MF Series, Series F, Series FV, Series O, Series Q,
Series V, Series W) |
AGF Global Equity Class |
All Series(MF Series, Series F, Series FV, Series O, Series Q,
Series T, Series V, Series W) |
AGF Global Sustainable Balanced Class |
All Series(MF Series, Series F, Series O, Series Q, Series W) |
AGF Global Yield Class |
MF Series, Series Q, Series V |
AGF North American Dividend Income Class |
All Series(MF Series, Series F, Series FV, Series O, Series Q,
Series T, Series V, Series W) |
About AGF Management Limited
Founded in 1957, AGF Management Limited (AGF) is an independent
and globally diverse asset management firm delivering excellence in
investing in the public and private markets through its three
distinct business lines: AGF Investments, AGF Private Capital and
AGF Private Wealth.
AGF brings a disciplined approach focused on providing an
exceptional client experience and incorporating sound responsible
and sustainable practices. The firm’s investment solutions, driven
by its fundamental, quantitative and private investing
capabilities, extends globally to a wide range of clients, from
financial advisors and their clients to high-net worth and
institutional investors including pension plans, corporate plans,
sovereign wealth funds, endowments and foundations.
Headquartered in Toronto, Canada, AGF has investment operations
and client servicing teams on the ground in North America and
Europe. With over $42 billion in total assets under
management and fee-earning assets, AGF serves more than 800,000
investors. AGF trades on the Toronto Stock Exchange under the
symbol AGF.B
AGF Investments Inc. is a wholly-owned subsidiary of AGF
Management Limited and conducts the management and advisory of
mutual funds in Canada.
Commissions, trailing commissions, management fees and expenses
all may be associated with mutual fund investments. Please read the
prospectus before investing. Mutual fund securities are not covered
by the Canada Deposit Insurance Corporation or by any other
government deposit insurer. There can be no assurances the fund
will be able to obtain its net asset value at a constant amount or
that the full amount of your investment in the fund will be
returned to you.
Media Contact
Amanda MarchmentDirector, Corporate
Communications416-865-4160amanda.marchment@agf.com
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