BTAL
AGFiQ U.S. Market Neutral Anti-Beta FundBTAL Fund Description
BTAL tracks an equal-weighted index that takes long positions in low beta US stocks offset by short positions in high beta US stocks.
BTAL Factset Analytics Insight
BTAL follows an index that invests in long low-beta stocks and short high-beta names. The underlying index, targets the top 1,000 by market cap, including REITs, in the Dow Jones U.S. Index. The fund’s market neutral approach aims to fully offset nominal long and short positions. BTAL ranks stocks in each sector by beta and individual stocks get equal weight within their sectors. Overall, long low beta, short high beta might be expected to produce negative correlation to equities despite the equal dollar offsetting exposure. True market neutral exposure isn’t cheap, with borrowing costs and dividends working against the fund. While BTAL uses swaps at times, it typically takes direct short positions in stocks, rather than relying solely on derivatives for short exposure. The fund therefore reports short interest costs in its expense ratio something that purely swaps-based long-short funds don’t have to do, although short interest expense hits the bottom line in either case.
BTAL Summary Data
BTAL Portfolio Data
BTAL Index Data
BTAL Portfolio Management
BTAL Tax Exposures
BTAL Fund Structure
BTAL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of BTAL. BTAL is rated a 5 out of 5.
BTAL Tradability
BTAL Asset Allocation
Short
Long
Net
0.00%
0.00%
0.00%
0.00%
BTAL Top 5 Holdings Short
BTAL Performance Statistics
BTAL Correlations (Daily Returns 12 Mo)
The data and information contained herein is not intended to be investment or tax advice. A reference to a particular investment or security, a credit rating, or any observation concerning a security or investment provided in the ETF.com Service is not a recommendation to buy, sell, or hold such investment or security or to make any other investment decisions. You should not use such information for purposes of any actual transaction without consulting an investment or tax professional.
ETF.com DOES NOT TAKE RESPONSIBILITY FOR YOUR INVESTMENT OR OTHER ACTIONS NOR SHALL ETF.com HAVE ANY LIABILITY, CONTINGENT OR OTHERWISE, FOR THE ACCURACY, COMPLETENESS, TIMELINESS, OR CORRECT SEQUENCING OF ANY INFORMATION PROVIDED BY ETF.com OR FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON SUCH INFORMATION OR ETF.com.
[ETF.com DOES NOT PROVIDE ANY RESEARCH OPINIONS.] ETF.com MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY OF THE INFORMATION, PRODUCTS OR SERVICES CONTAINED HEREIN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
Data provider:
Terms of Use