BTAL ETF — AGF U.S. Market Neutral Anti-Beta Fund

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

Updated October 16, 2026.

BTAL is an ETF linked to U.S. Equities (low-beta long / high-beta short). its distribution rate is 2.75%, its trailing-12-month yield is 2.75%, its expense ratio is 1.40%. Total return is -38.3% over the past 15.1 years, 784.4 points behind SPY at 746.1%.

AGF U.S. Market Neutral Anti-Beta Fund is an ETF that seeks to profit from the performance difference between low-beta and high-beta U.S. stocks by holding long positions in low-beta equities and short positions in high-beta equities on a dollar-neutral basis within each sector, creating a hedge designed to rise when markets decline. The fund distributes annually at a moderate current distribution rate, with an expense ratio of 1.40%. It appeals to investors seeking equity market exposure with downside protection and those looking for uncorrelated returns that may offset broader market volatility.

BTAL performance versus SPY

Price and return data through 2026-10-16.

Total return is -38.3% over the past 15.1 years, 784.4 points behind SPY at 746.1%. Over the past year its total return — price change plus distributions reinvested — is -13.4%. Its deepest 1-year drawdown was 29.2%.

BTAL key facts

Issuer

AGFiQ

Asset type

ETF

Asset class

Equity

Inception date

09/13/2011

Expense ratio

1.40%

Distribution rate

2.75%

Distribution frequency

Annual

Trailing yield

2.75%

Last close

$13.02 (as of 2026-10-16)

AUM

$316,980,550

Average volume

1273964.0

Dividend

$0.358

Ex-dividend date

12/30/2025

Payment date

01/02/2026

Beta

-0.89

How Dividend Vision calculates yield and returns

Distribution rate (2.75%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.75%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: AGFiQ or company page; Index: U.S. Equities (low-beta long / high-beta short); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BTAL risks and drawbacks

BTAL's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 29.2%.

Who may consider BTAL — and who may not

BTAL may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (BTAL pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on BTAL

• All tickers starting with B

Tagged: Active, Hedged, Short.

Frequently asked questions

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