NPORT-EX 2 tm2035507-1_nportex.htm

 

AGF Investments Trust

AGF Emerging Markets Equity Fund

Schedule of Investments

September 30, 2020 (Unaudited)

 

Investments  Shares   Value ($) 
COMMON STOCKS - 94.9%          
           
Aerospace & Defense - 1.1%          
Singapore Technologies Engineering Ltd.   2,900    7,351 
           
Banks - 11.1%          
Axis Bank Ltd., GDR*   231    6,791 
Banco Bradesco SA (Preference)   2,090    7,224 
Bank Mandiri Persero Tbk. PT   27,200    9,067 
Bank of the Philippine Islands   3,850    5,082 
Credicorp Ltd.   32    3,968 
DBS Group Holdings Ltd.   400    5,834 
Grupo Financiero Banorte SAB de CV, Class O*   600    2,079 
Industrial & Commercial Bank of China Ltd., Class H   13,000    6,743 
Komercni banka A/S*   358    7,539 
Powszechna Kasa Oszczednosci Bank Polski SA*   694    3,808 
Sberbank of Russia PJSC, ADR*   554    6,465 
Shinhan Financial Group Co. Ltd., ADR   516    11,853 
         76,453 
Beverages - 2.7%          
Budweiser Brewing Co. APAC Ltd.   2,606    7,565 
Coca-Cola HBC AG   320    7,895 
Fomento Economico Mexicano SAB de CV, ADR   57    3,203 
         18,663 
Construction & Engineering - 2.8%          
Larsen & Toubro Ltd., GDR   1,523    18,977 
           
Diversified Consumer Services - 0.3%          
YDUQS Participacoes SA   400    1,952 
           
Diversified Financial Services - 1.8%          
Chailease Holding Co. Ltd.   1,622    7,337 
FirstRand Ltd.   2,185    5,378 
         12,715 
Diversified Telecommunication Services - 3.0%          
Hellenic Telecommunications Organization SA   940    13,567 
Telekomunikasi Indonesia Persero Tbk. PT   42,887    7,378 
         20,945 
Electrical Equipment - 1.8%          
Zhuzhou CRRC Times Electric Co. Ltd., Class H   3,812    12,739 
           
Electronic Equipment, Instruments & Components - 3.7%          
Delta Electronics, Inc.   1,715    11,192 
Samsung Electro-Mechanics Co. Ltd.   121    14,381 
         25,573 
Energy Equipment & Services - 0.6%          
Tenaris SA, ADR   414    4,078 
           
Food & Staples Retailing - 1.4%          
Atacadao SA*   922    3,364 
Wal-Mart de Mexico SAB de CV   2,619    6,283 
         9,647 
Health Care Providers & Services - 0.8%          
Sinopharm Group Co. Ltd., Class H   2,541    5,331 
           
Hotels, Restaurants & Leisure - 0.9%          
Melco Resorts & Entertainment Ltd., ADR   371    6,177 
           
Household Durables - 1.3%          
Haier Electronics Group Co. Ltd.   2,465    8,906 
           
Insurance - 5.1%          
AIA Group Ltd.   2,368    23,191 
Ping An Insurance Group Co. of China Ltd., Class H   752    7,714 
Porto Seguro SA   500    4,296 
         35,201 
Interactive Media & Services - 9.2%          
Tencent Holdings Ltd.   965    63,690 
           
Internet & Direct Marketing Retail - 13.4%          
Alibaba Group Holding Ltd.*   2,044    72,687 
Naspers Ltd., Class N*   67    11,840 
Trip.com Group Ltd., ADR*   242    7,536 
         92,063 
Machinery - 4.0%          
Airtac International Group   615    13,824 
Weichai Power Co. Ltd., Class H   6,736    13,489 
         27,313 
Metals & Mining - 2.2%          
Gerdau SA (Preference)   1,132    4,193 
Southern Copper Corp.   168    7,605 
Vale SA   300    3,158 
         14,956 
Multiline Retail - 0.8%          
Lojas Americanas SA (Preference)*   1,147    5,798 
           
Oil, Gas & Consumable Fuels - 5.0%          
CNOOC Ltd.   7,535    7,244 
Lukoil PJSC, ADR   216    12,502 
Reliance Industries Ltd., GDR   244    14,835 
         34,581 

 

 

 

 

AGF Investments Trust

AGF Emerging Markets Equity Fund

Schedule of Investments

September 30, 2020 (Unaudited)

 

Investments  Shares   Value ($) 
Paper & Forest Products - 1.1%
Mondi plc   343    7,256 
           
Personal Products - 0.9%
LG Household & Health Care Ltd.   5    6,191 
           
Pharmaceuticals - 1.2%
Richter Gedeon Nyrt.   392    8,282 
           
Real Estate Management & Development - 1.7%
China Overseas Land & Investment Ltd.   1,293    3,237 
China Vanke Co. Ltd., Class H   2,800    8,544 
         11,781 
Semiconductors & Semiconductor Equipment - 7.2%
Taiwan Semiconductor Manufacturing Co. Ltd., ADR   613    49,696 
           
Software - 1.0%
TOTVS SA   1,438    6,939 
           
Specialty Retail - 1.1%
Foschini Group Ltd. (The)   1,579    7,730 
           
Technology Hardware, Storage & Peripherals - 5.2%
Samsung Electronics Co. Ltd., GDR   28    35,476 
           
Textiles, Apparel & Luxury Goods - 1.4%
Eclat Textile Co. Ltd.   786    9,743 
           
Wireless Telecommunication Services - 1.1%
China Mobile Ltd.   1,198    7,644 
           
TOTAL COMMON STOCKS
(Cost $700,276)		        653,847 
           
EXCHANGE TRADED FUND  - 4.1%
           
iShares MSCI India ETF
(Cost $28,975)		   824    27,901 

 

Investments  Shares   Maturity 
Date		  Value ($) 
PARTICIPATION NOTES - 3.2%             
China             
Anhui Conch Cement Co. Ltd. (Issuer: Bank of America Merrill Lynch)   839   10/29/2020   6,807 
Kweichow Moutai Co. Ltd. (Issuer: Bank of America Merrill Lynch)   63   11/30/2020   15,434 
              
TOTAL PARTICIPATION NOTES
(Cost $16,846)		           22,241 
              
Total Investments - 102.2%
(Cost $746,097)		           703,989 
Liabilities in excess of other assets - (2.2%)           (15,177)
Net Assets - 100.0%           688,812 

 

* Non-income producing security.

 

Abbreviations
ADR American Depositary Receipt
GDR Global Depositary Receipt
PJSC Public Joint Stock Company
Participation Note A derivative instrument linked to a financial instrument which usually include equities, market indices, ETFs, interest rates, currencies, or a combination of these. A Participation Note is usually issued by a financial institution, therefore investors are exposed to the issuer’s credit risk and the risks of the underlying financial instrument.
Preference A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference shares may also have liquidation preference.
 

 

 

 

 

AGF Investments Trust

AGF Emerging Markets Equity Fund

Schedule of Investments

September 30, 2020 (Unaudited)

 

AGF Emerging Markets Equity Fund invested, as a percentage of net assets, in the following countries as of September 30, 2020:
 
Brazil   5.4%
China   35.8%
Czech Republic   1.1%
Greece   2.0%
Hong Kong   4.3%
Hungary   1.2%
India   5.9%
Indonesia   2.4%
Mexico   1.7%
Netherlands Antilles   3.2%
Peru   1.7%
Philippines   0.7%
Poland   0.5%
Russia   2.8%
Singapore   1.9%
South Africa   3.6%
South Korea   9.9%
Switzerland   1.1%
Taiwan   11.3%
United Kingdom   1.1%
United States   4.6%
Other(1)   (2.2)%
    100.0%

 

(1) Includes any non-equity securities and net other assets (liabilities).

 

 

 

 

AGF Investments Trust

AGF Global Sustainable Growth Equity Fund

Schedule of Investments

September 30, 2020 (Unaudited)

 

Investments  Shares   Value ($) 
COMMON STOCKS - 98.6%
           
Auto Components - 3.1%
Aptiv plc   445    40,798 
           
Banks - 1.0%
ING Groep NV   1,771    12,577 
           
Building Products - 8.6%
Kingspan Group plc   475    43,272 
Nibe Industrier AB, Class B*   1,005    25,933 
Trex Co., Inc.*   606    43,390 
         112,595 
Capital Markets - 1.8%
MSCI, Inc.   65    23,191 
           
Chemicals - 9.8%
Albemarle Corp.   152    13,571 
Chr Hansen Holding A/S   176    19,563 
Croda International plc   373    30,081 
Ecolab, Inc.   203    40,568 
Johnson Matthey plc   407    12,378 
Umicore SA   281    11,712 
         127,873 
Commercial Services & Supplies - 6.9%
Tetra Tech, Inc.   429    40,969 
TOMRA Systems ASA   453    19,528 
Waste Connections, Inc.   287    29,791 
         90,288 
Containers & Packaging - 1.2%
Ball Corp.   189    15,710 
           
Electric Utilities - 1.0%
Orsted A/S   97    13,372 
           
Electrical Equipment - 6.3%
Legrand SA   293    23,422 
Prysmian SpA   1,437    41,850 
Siemens Gamesa Renewable Energy SA   638    17,272 
         82,544 
Electronic Equipment, Instruments & Components - 15.5%
Amphenol Corp., Class A   175    18,947 
Halma plc   1,475    44,632 
Hexagon AB, Class B*   236    17,861 
Keyence Corp.   116    53,873 
Samsung SDI Co. Ltd.   99    36,696 
Trimble, Inc.*   637    31,022 
         203,031 
Equity Real Estate Investment Trusts (REITs) - 2.6%
Equinix, Inc.   45    34,206 
           
Food Products - 2.9%
Beyond Meat, Inc.*   77    12,786 
Kerry Group plc, Class A   200    25,677 
         38,463 
Health Care Equipment & Supplies - 6.4%
Asahi Intecc Co. Ltd.   798    24,969 
Danaher Corp.   273    58,785 
         83,754 
Independent Power and Renewable Electricity Producers - 0.5%
Brookfield Renewable Corp.   104    6,102 
           
Industrial Conglomerates - 1.8%
Roper Technologies, Inc.   61    24,102 
           
Internet & Direct Marketing Retail - 0.9%
HelloFresh SE*   200    11,157 
           
Leisure Products - 2.9%
Giant Manufacturing Co. Ltd.   1,221    11,488 
Shimano, Inc.   138    27,112 
         38,600 
Life Sciences Tools & Services - 4.1%
Thermo Fisher Scientific, Inc.   123    54,307 
           
Machinery - 4.9%
Cummins, Inc.   154    32,519 
NFI Group, Inc.   990    12,312 
Xylem, Inc.   235    19,768 
         64,599 
Mortgage Real Estate Investment Trusts (REITs) - 1.9%
Hannon Armstrong Sustainable Infrastructure Capital, Inc.   603    25,489 
           
Professional Services - 0.9%
Stantec, Inc.   399    12,115 
           
Semiconductors & Semiconductor Equipment - 5.6%
Analog Devices, Inc.   154    17,978 
Cree, Inc.*   208    13,258 
Enphase Energy, Inc.*   170    14,040 
Infineon Technologies AG   991    28,019 
         73,295 
Software - 6.3%
ANSYS, Inc.*   82    26,833 
Dassault Systemes SE   209    39,145 
Zoom Video Communications, Inc., Class A*   35    16,454 
         82,432 
Water Utilities - 1.7%
American Water Works Co., Inc.   152    22,022 
           
TOTAL COMMON STOCKS
(Cost $887,567)		        1,292,622 

 

 

 

 

AGF Investments Trust

AGF Global Sustainable Growth Equity Fund

Schedule of Investments

September 30, 2020 (Unaudited)

 

Investments  Shares   Value ($) 
MASTER LIMITED PARTNERSHIPS - 1.7%          
           
Independent Power and Renewable Electricity Producers - 1.7%          
Brookfield Renewable Partners LP (Cost $13,862)   419    22,027 
           
           
Total Investments - 100.3%
 (Cost $901,429)		        1,314,649 
Liabilities in excess of other assets - (0.3%)        (3,970)
Net Assets - 100.0%        1,310,679 

 

* Non-income producing security.

 

AGF Global Sustainable Growth Equity Fund invested, as a percentage of net assets, in the following countries as of September 30, 2020:
 
Belgium   0.9%
Canada   3.5%
Denmark   2.5%
France   4.8%
Germany   3.0%
Ireland   5.3%
Italy   3.2%
Japan   8.1%
Netherlands   1.0%
Norway   1.5%
South Korea   2.8%
Spain   1.3%
Sweden   3.3%
Taiwan   0.9%
United Kingdom   6.6%
United States   51.6%
Other(1)   (0.3)%
    100.0%

 

(1) Includes any non-equity securities and net other assets (liabilities).