DIVA

AGFiQ Hedged Dividend Income Fund
*Unless otherwise stated, data provided by FactSet.

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 goes 100% long the companies that consistently pay the highest dividends based on yield, 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 fund launched in January 2015 and charges a higher-than-average fee for the absolute-returns space.

DIVA Charts And Performance

Price Chart ($)
Total Return Chart (%)
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  • 3 Months
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PERFORMANCE [as of 10/23/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DIVA 3.11% 2.22% -11.50% -11.51% -0.93% 2.33% --
DIVA (NAV) 4.48% 1.91% -11.28% -11.56% -0.77% 2.36% --
Indxx Hedged Dividend Income Index 4.71% 2.13% -11.28% -11.44% -0.05% -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DIVA Summary Data

AGF
AGFiQ
01/15/15
Open-Ended Fund
1.10%
$3.13M
$6.56K
0.57%

DIVA Portfolio Data

Long/Short Equity
4.51%
N/A
101

DIVA Index Data

Equal
Dividends
N/A

DIVA Portfolio Management

1.10%
-0.33%
-0.04%
-0.94%

DIVA Tax Exposures

20.00% / 39.60%
0.74%
Qualified dividends
No

DIVA Fund Structure

Open-Ended Fund
No
No
No Policy
N/A
N/A
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

DIVA Factset Analytics Block Liquidity

As of 10/26/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of DIVA. DIVA is rated a N/A out of 5.

DIVA Tradability

336
$6.56K
37
0
0.57%
$0.12
-0.19%
2.04% / -2.98%
None
100.00%
50,000
0.00
--
--
0
$20.88
N/A

DIVA Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

DIVA Top 5 Holdings Long

49.62%

DIVA Top 5 Holdings Short

-48.68%

DIVA Performance Statistics

-11.56%
6.92%
-13.30%
-0.03
-0.04
-0.50
2.93

DIVA Correlations (Daily Returns 12 Mo)

0.76
0.09
0.36