DIVAAGFiQ Hedged Dividend Income Fund
DIVA Fund Description
DIVA tracks an equal-weighted index that goes long the highest-yielding dividend stocks and goes short the lowest-yielding stocks.
DIVA Factset Analytics Insight
DIVA chooses from the largest 1,000 US-listed companies by market cap and includes REITS, MLPS, and BDCs subject to certain liquidity and free float requirements. The fund goes 100% long the companies that consistently pay the highest dividends based on yield over the last three years, and 50% short the companies that pay the lowest dividends, in an attempt to capture yield and capital appreciation. The short exposure is aimed at giving DIVA a similar risk profile to that of high-yield fixed-income funds, and to reduce the fund’s correlation to the broad market. The index is reconstituted and rebalanced quarterly, subject to certain sector constraints on both long and short positions.
DIVA MSCI ESG Analytics Insight
AGFiQ Hedged Dividend Income Fund has an MSCI ESG Fund Rating of A based on a score of 6.35 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. AGFiQ Hedged Dividend Income Fund ranks in the 51st percentile within its peer group and in the 62nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
DIVA Portfolio Management
DIVA Tax Exposures
DIVA Fund Structure
DIVA Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DIVA. DIVA is rated a 4 out of 5.
DIVA Asset Allocation