AGFiQ U.S. Market Neutral Momentum Fund
MOM
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- AGFiQ U.S. Market Neutral Momentum Fund (NYSEARCA:MOM) is an exchange-traded fund that seeks investment results corresponding to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Thematic Market Neutral Momentum Index. The fund employs a market-neutral strategy by constructing a dollar-neutral, sector-neutral, equal-weighted portfolio of long positions in high-momentum U.S. equities and short positions in low-momentum U.S. equities across diversified sectors and market capitalizations, rebalanced monthly based on total returns over the prior 12 of 13 months. It provides exposure to the momentum factor while aiming to isolate its spread return independent of broader U.S. equity market direction. The fund, issued through FQF Trust and managed under the AGFiQ quantitative investment platform of AGF Investments LLC—a subsidiary of AGF Management Limited founded in 1957 and headquartered in Toronto, Canada—operates primarily in the U.S. equity markets with a focus on institutional and retail investors seeking factor-based, low-correlation alternatives. Launched on September 7, 2011, MOM holds approximately 202 positions with assets under management of around $4.3 million as of recent data, featuring a net expense ratio of 2.62% after fee waivers. Recent developments include sustained low assets and liquidity levels, with average daily volume around 5,000-10,000 shares and no reported dividends or yield in the latest periods. The fund has experienced muted performance amid market volatility, posting a 1-year return of approximately -24.58% and ongoing drawdowns, with no major partnerships, acquisitions, funding rounds, or strategic shifts announced in 2024 or 2025. AGFiQ continues to emphasize rules-based, passive tracking of market-neutral factor indexes without noted product launches or reorganizations for MOM specifically.