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Alternative Credit Focus
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2023
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|
NAVPS (05-03-2024) |
$11.50 |
|---|---|
| Change |
$0.01
(0.06%)
|
As at March 31, 2024
As at March 31, 2024
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Inception Return (June 26, 2020): 6.45%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 0.29% | 2.79% | 5.99% | 2.79% | 10.49% | 7.26% | 4.87% | - | - | - | - | - | - | - |
| Benchmark | 0.48% | -1.28% | 6.84% | -1.28% | 1.93% | -0.14% | -1.50% | -0.83% | 0.22% | 1.02% | 1.12% | 1.15% | 1.09% | 2.01% |
| Category Average | 0.81% | 6.15% | 6.15% | 1.91% | 6.86% | 3.41% | 2.10% | 5.50% | - | - | - | - | - | - |
| Category Rank | 103 / 120 | 39 / 120 | 60 / 119 | 39 / 120 | 16 / 116 | 12 / 102 | 6 / 75 | - | - | - | - | - | - | - |
| Quartile Ranking | 4 | 2 | 3 | 2 | 1 | 1 | 1 | - | - | - | - | - | - | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.30% | 0.52% | 0.64% | 0.80% | 0.42% | 0.49% | 0.13% | 1.45% | 1.50% | 1.33% | 1.15% | 0.29% |
| Benchmark | 0.90% | -1.62% | -0.04% | -1.08% | -0.19% | -2.62% | 0.43% | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% |
2.41% (July 2020)
-1.10% (March 2023)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | 1.66% | 1.79% | 9.47% |
| Benchmark | 9.10% | 3.57% | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% |
| Category Average | - | - | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% |
| Quartile Ranking | - | - | - | - | - | - | - | 3 | 1 | 1 |
| Category Rank | - | - | - | - | - | - | - | 52/ 75 | 16/ 98 | 19/ 116 |
9.47% (2023)
1.66% (2021)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 205.01 |
| Cash and Equivalents | 90.78 |
| Canadian Bonds - Other | 7.19 |
| Mortgages | 4.02 |
| Canadian Equity | 0.04 |
| Other | -207.04 |
| Name | Percent |
|---|---|
| Cash and Cash Equivalent | 90.78 |
| Fixed Income | 9.44 |
| Financial Services | 0.01 |
| Other | -0.23 |
| Name | Percent |
|---|---|
| North America | 100.16 |
| Multi-National | -0.15 |
| Other | -0.01 |
| Name | Percent |
|---|---|
| Goldman Sachs Group Inc 5.77% 29-Apr-2024 | 8.41 |
| Wells Fargo & Co 4.17% 28-Apr-2025 | 7.23 |
| ENBRIDGE INC DISC | 7.08 |
| Westpac Banking Corp 2.89% 04-Feb-2025 | 6.92 |
| Cash and Cash Equivalents | 6.87 |
| Royal Bank of Canada 2.74% 25-Jul-2024 | 6.62 |
| Bank of Nova Scotia 5.50% 08-May-2026 | 6.52 |
| Toronto-Dominion Bank 3.11% 22-Apr-2025 | 5.92 |
| National Australia Bank Ltd 3.52% 12-Jun-2025 | 5.70 |
| Toronto-Dominion Bank 2.67% 09-Sep-2025 | 5.06 |
Arrow EC Income Advantage Alternative Fund Series A
Median
Other - Alternative Credit Focus
| Standard Deviation | 2.49% | - | - |
|---|---|---|---|
| Beta | 0.13% | - | - |
| Alpha | 0.05% | - | - |
| Rsquared | 0.12% | - | - |
| Sharpe | 0.88% | - | - |
| Sortino | 1.29% | - | - |
| Treynor | 0.17% | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.68% | 2.49% | - | - |
| Beta | 0.13% | 0.13% | - | - |
| Alpha | 0.10% | 0.05% | - | - |
| Rsquared | 0.27% | 0.12% | - | - |
| Sharpe | 3.15% | 0.88% | - | - |
| Sortino | - | 1.29% | - | - |
| Treynor | 0.42% | 0.17% | - | - |
| Tax Efficiency | 81.43% | - | - | - |
| Start Date | June 26, 2020 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | $31 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| AHP3000 |
The investment objective of the Arrow EC Income Advantage Alternative Fund is to generate income and preserve capital by investing in a diversified portfolio of primarily North American investment grade corporate bonds. The fund will use leverage. The leverage will be created through the use of cash borrowings, short sales and derivative contracts. The fund’s leverage shall not exceed the limits on the use of leverage or as otherwise permitted under applicable securities legislation.
To achieve the investment objectives, the Fund will invest primarily in investment grade debt securities of North American corporate and government issuers that are rated BBB- or higher by a recognized rating agency. The Fund may also include non-investment grade debt securities and may invest in other asset classes if warranted by financial conditions.
| Name | Start Date |
|---|---|
| East Coast Asset Management SEZC | 09-01-2020 |
| Mike MacBain | 02-28-2023 |
| Fund Manager | Arrow Capital Management Inc. |
|---|---|
| Advisor | Arrow Capital Management Inc. |
| Custodian | CIBC Mellon Trust Company |
| Registrar | RBC Investor Services Trust (Canada) |
| Distributor | - |
| Auditor | PriceWaterhouseCoopers LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 1,000 |
| PAC Subsequent | 100 |
| SWP Allowed | Yes |
| SWP Min Balance | 1,000 |
| SWP Min Withdrawal | 100 |
| MER | 2.27% |
|---|---|
| Management Fee | 1.45% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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