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

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

BTAL is an ETF that tracks the U.S. Equities (low-beta long / high-beta short). As of August 19, 2026, its distribution rate is 2.95%, its trailing-12-month yield is 2.95%, its expense ratio is 1.40%. Fund total return is -42.5% over the past 14.9 years, 791.2 points behind SPY at 748.7%.

At the current 2.95% distribution rate, a $10,000 investment would generate approximately $295 per year, or $24.58 per month on an equivalent basis. Actual annual payments vary.

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

Data as of August 19, 2026.

Fund total return is -42.5% over the past 14.9 years, 791.2 points behind SPY at 748.7%. Its deepest 1-year drawdown was 34.6%.

BTAL key facts

Data as of August 19, 2026.

Issuer

AGFiQ

Asset type

ETF

Asset class

Equity

Inception date

09/13/2011

Expense ratio

1.40%

Distribution rate

2.95%

Distribution frequency

Annual

Trailing yield

2.95%

Last close

$12.12

AUM

$294,232,945

Average volume

542206.0

Last dividend

$0.3580

Ex-dividend date

12/30/2025

Payment date

01/02/2026

Beta

-0.95

P/E ratio

19.5223

How Dividend Vision calculates yield and returns

Distribution rate (2.95%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (2.95%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: AGFiQ fund 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 34.6%.

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.

Frequently asked questions

More funds from AGFiQ.