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AGF U.S. Market Neutral Anti-Beta Fund (BTAL) Holdings

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빠른 답변

AGF U.S. Market Neutral Anti-Beta Fund (BTAL) has a last stored price of $13.30, as of the Oct 23, 2026 trading session. It has a 1.43% expense ratio and $364M in assets under management.

Holdings and weights below are as of Mar 15, 2026. In the stored portfolio snapshot, the largest listed holding is Lumentum Holdings Inc (LITE) at 0.98%, and the largest sector allocation is Technology at 17.2%.

데이터 출처: Yahoo Finance · Financial Modeling Prep

AGF U.S. Market Neutral Anti-Beta Fund (BTAL) ETF — Price, Holdings & Analysis

ETF 개요

BTAL aims to deliver market-neutral returns by investing in U.S. equities with low beta characteristics while simultaneously shorting high beta equities within the same sectors. This strategy seeks to reduce overall market exposure and capitalize on the relative performance of low-volatility stocks versus high-volatility stocks. The fund constructs a dollar-neutral portfolio, primarily using securities from the Dow Jones U.S. Thematic Market Neutral Low Beta Index, which consists of the top 1,000 eligible U.S. securities by market capitalization, including REITs. The fund's top holdings include Lumentum Holdings Inc (0.98%), Moderna Inc (0.80%), and Micron Technology Inc (0.69%). Sector allocations are diverse, with significant exposure to Technology (17.2%), Financial Services (15.1%), and Industrials (14.8%). BTAL is designed for investors seeking to diversify their portfolios with an investment strategy that aims to provide returns uncorrelated to the broader market.

위험 지표

BTAL carries a few specific risks. Its expense ratio of 1.43% is significantly higher than the category average, which can create a substantial drag on performance over time. The fund's concentrated investment approach, focusing on low and high beta stocks within specific sectors, could lead to underperformance if those sectors experience adverse conditions. While the fund aims for market neutrality, its beta of -1.01 indicates an inverse correlation to the market, which can still result in losses if the market rises. Furthermore, the fund's country exposure is heavily weighted towards 'Other' at 69.6%, which may introduce additional risks depending on the specific countries included in that category. Past performance does not guarantee future results.
  • 베타: -1.01

운용보수율

1.43%

BTAL은(는) 무엇을 보유하고 있나요?

보유 종목비중
Lumentum Holdings Inc (LITE)0.98%
Moderna Inc (MRNA)0.80%
Micron Technology Inc (MU)0.69%
Pinnacle Financial Partners Inc (PNFP)0.69%
Ciena Corp (CIEN)0.68%
Western Digital Corp (WDC)0.67%
Texas Pacific Land Corp (TPL)0.66%
Coherent Corp (COHR)0.65%
Entegris Inc (ENTG)0.64%

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섹터비중
기술17.2%
금융 서비스15.1%
산업재14.8%
경기소비재13.7%
헬스케어10.9%
부동산6.1%
필수소비재5.9%
유틸리티5.0%
기초 소재4.3%
에너지3.9%
커뮤니케이션 서비스2.9%
국가비중
미국29.7%
버뮤다0.3%
아일랜드0.5%
기타69.6%

배당수익률

0.00%

질문 및 답변

What is BTAL and what does it track?

BTAL, or the AGF U.S. Market Neutral Anti-Beta Fund, is an ETF that seeks to provide investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Thematic Market Neutral Low Beta Index.

The fund invests primarily in long positions in low beta U.S. equities and short positions in high beta U.S.

What is the expense ratio for BTAL?

The expense ratio for BTAL is 1.43%. This means that for every $10,000 invested in the fund, $143 is deducted annually to cover the fund's operating expenses.

This expense ratio is significantly higher than the average expense ratio for alternative ETFs, which is around 0.44%.

What are the top holdings in BTAL?

As of 2026-03-15, the top holdings in BTAL are Lumentum Holdings Inc (0.98%), Moderna Inc (0.80%), and Micron Technology Inc (0.69%). Other significant holdings include Pinnacle Financial Partners Inc (0.69%) and Ciena Corp (0.68%).

These holdings reflect the fund's strategy of investing in a combination of long and short positions to achieve market neutrality.

Is BTAL a good long-term investment?

BTAL's suitability as a long-term investment depends on an investor's specific goals and risk tolerance. The fund's market-neutral strategy may provide diversification benefits and potentially reduce overall portfolio volatility.

However, the high expense ratio of 1.43% can detract from long-term returns. The fund's negative beta of -1.01 suggests it may perform inversely to the market.

How does BTAL compare to similar ETFs?

BTAL distinguishes itself from similar ETFs through its specific focus on market neutrality achieved by balancing long positions in low-beta stocks with short positions in high-beta stocks within the same sectors.

With an AUM of $0.36 billion, it's smaller than some of the larger alternative ETFs.

Does BTAL pay dividends?

According to the latest data, BTAL does not currently pay dividends. The fund's dividend yield is 0.00%. This is consistent with its investment strategy, which focuses on capital appreciation through market-neutral positioning rather than income generation.

Investors seeking dividend income may want to consider other ETFs that prioritize dividend payouts.

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