AGF U.S. Market Neutral Anti-Beta Fund (BTAL)Equity Market Neutral | Exchange Traded Fund | NYSEArca
12.25 USD
+0.22
(1.829%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 12.25 |
Hot Take ↕ | Aug. 22, 2026, 1:10 a.m. EDT
The AGF U.S. Market Neutral Anti-Beta Fund is currently trapped in a structural decline, making it a poor candidate for either aggressive growth or reliable income. The price has eroded by nearly 23% over the last nine years, and the most recent annual performance was a sharp 17.8% drop. While the fund offers a headline yield of 2.9%, the payout history reveals severe instability, with distributions swinging wildly from $0.21 to over $1.00 per share, suggesting these payments are likely being funded by capital erosion rather than sustainable earnings. The recent news of a rating downgrade confirms that the underlying strategy is under pressure. Although the anti-beta design theoretically offers protection during market downturns, the fund has failed to deliver that shield, trading well below its moving averages with negative momentum. The options market reflects this pessimism, with traders buying protection at lower price levels while showing little appetite for upside bets. Given the deteriorating trajectory and unreliable income stream, investors should avoid adding to this position. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.041381 |
| MSTL | 0.052272 |
| AutoARIMA | 0.053546 |
| AutoETS | 0.053618 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 53% |
| H-stat | 8.06 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.508 |
| Excess Kurtosis | -0.85 |
| Attribute | Value |
|---|---|
| Trailing P/E | 19.73 |
As of Aug. 22, 2026, 1:10 a.m. EDT: Speculators are positioning defensively with heavy put volume at lower strikes ($9, $10) and significant out-of-the-money put interest for September and December expirations, suggesting a fear of further downside. Conversely, call activity is concentrated near the money and slightly out-of-the-money, indicating limited bullish conviction beyond current levels.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 2.49% | 2.49% | 4.07% | 2.64% |
| Date | Dividend | Yield % |
|---|---|---|
| 2025-12-30 | 0.358 | 2.494773 |
| 2024-12-30 | 0.645 | 3.480842 |
| 2023-12-27 | 1.041 | 6.229803 |
| 2022-12-28 | 0.213 | 0.990698 |
| 2019-12-27 | 0.196 | 0.887279 |
| 2018-12-27 | 0.086 | 0.390909 |
| 2012-09-14 | 0.001 | 0.004615 |
| 2011-12-20 | 0.427 | 1.779167 |
| Attribute | Value |
|---|---|
| All Time High | 27.95 |
| All Time Low | 10.86 |
| Ask | 12.5 |
| Ask Size | 900 |
| Average Daily Volume10 Day | 471,080 |
| Average Daily Volume3 Month | 665,428 |
| Average Volume | 665,428 |
| Average Volume10Days | 471,080 |
| Beta3 Year | -0.95 |
| Bid | 12.19 |
| Bid Size | 2,000 |
| Category | Equity Market Neutral |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 12.25 |
| Day Low | 12.07 |
| Dividend Yield | 2.91 |
| Eps Trailing Twelve Months | 0.62083 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 11.8258 |
| Fifty Day Average Change | 0.42420006 |
| Fifty Day Average Change Percent | 0.035870727 |
| Fifty Two Week Change Percent | -25.441265 |
| Fifty Two Week High | 16.59 |
| Fifty Two Week High Change | -4.34 |
| Fifty Two Week High Change Percent | -0.2616034 |
| Fifty Two Week Low | 10.86 |
| Fifty Two Week Low Change | 1.3900003 |
| Fifty Two Week Low Change Percent | 0.12799267 |
| Fifty Two Week Range | 10.86 - 16.59 |
| First Trade Date Milliseconds | 1,315,920,600,000 |
| Five Year Average Return | -0.0413912 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 0.22 |
| Fullday Change Percent | 1.82876 |
| Fullday Price | 12.25 |
| Fund Family | AGF Investments LLC |
| Fund Inception Date | 1,315,872,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund will invest primarily in long positions in low beta U.S. equities and short positions in high beta U.S. equities on a dollar neutral basis, within sectors. It will construct a dollar neutral portfolio of long and short positions of U.S. equities by investing primarily in the constituent securities of the Dow Jones U.S. Thematic Market Neutral Low Beta Index in approximately the same weight as they appear in the index. The universe for the index is comprised of the top 1,000 eligible securities by market capitalization, including REITs. |
| Long Name | AGF U.S. Market Neutral Anti-Beta Fund |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_140449181 |
| Nav Price | 12.0547 |
| Net Assets | 316,762,752.0 |
| Net Expense Ratio | 1.4 |
| Open | 12.12 |
| Phone | (617) 292-9801 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 12.25 |
| Post Market Time | 1,787,959,805 |
| Previous Close | 12.03 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.22 |
| Regular Market Change Percent | 1.82876 |
| Regular Market Day High | 12.25 |
| Regular Market Day Low | 12.07 |
| Regular Market Day Range | 12.07 - 12.25 |
| Regular Market Open | 12.12 |
| Regular Market Previous Close | 12.03 |
| Regular Market Price | 12.25 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 471,391 |
| Short Name | AGF U.S. Market Neutral Anti-Be |
| Source Interval | 15 |
| Symbol | BTAL |
| Three Year Average Return | -0.1138808 |
| Total Assets | 316,762,752 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 19.73165 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -1.7045 |
| Trailing Three Month Returns | -1.7045 |
| Triggerable | 1 |
| Two Hundred Day Average | 13.15565 |
| Two Hundred Day Average Change | -0.90565014 |
| Two Hundred Day Average Change Percent | -0.06884115 |
| Type Disp | ETF |
| Volume | 471,391 |
| Yield | 0.0291 |
| Ytd Return | -14.58704 |