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Alternative Credit Focus
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2023
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|
Close (11-20-2024) |
$21.15 |
|---|---|
| Change |
$0.00
(0.00%)
|
| Open | $21.13 |
|---|---|
| Day Range | $21.13 - $21.16 |
| Volume | 753 |
As at October 31, 2024
As at October 31, 2024
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Inception Return (June 28, 2021): 5.80%
| 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 | 0.58% | 1.57% | 3.22% | 7.10% | 10.39% | 9.93% | 6.37% | - | - | - | - | - | - | - |
| Benchmark | -1.07% | 1.25% | 6.50% | 3.09% | 11.09% | 5.28% | -0.23% | -1.11% | 0.36% | 1.97% | 1.60% | 1.33% | 1.81% | 2.06% |
| Category Average | 0.25% | 4.91% | 4.91% | 6.68% | 11.57% | 7.89% | 3.26% | 4.09% | 4.09% | - | - | - | - | - |
| Category Rank | 45 / 127 | 87 / 125 | 89 / 113 | 51 / 113 | 60 / 112 | 13 / 95 | 9 / 90 | - | - | - | - | - | - | - |
| Quartile Ranking | 2 | 3 | 4 | 2 | 3 | 1 | 1 | - | - | - | - | - | - | - |
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.50% | 1.55% | 1.38% | 1.19% | 0.33% | 0.81% | 0.48% | 0.44% | 0.69% | 0.18% | 0.80% | 0.58% |
| Benchmark | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% | -1.95% | 0.00% | 2.98% | 2.14% | 0.52% | 1.82% | -1.07% |
2.01% (January 2023)
-1.07% (March 2023)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | 2.21% | 10.01% |
| 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 | - | - | - | - | - | - | - | - | 1 | 1 |
| Category Rank | - | - | - | - | - | - | - | - | 13/ 90 | 15/ 108 |
10.01% (2023)
2.21% (2022)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 243.58 |
| Foreign Corporate Bonds | 35.64 |
| Canadian Bonds - Other | 6.66 |
| Mortgages | 4.24 |
| US Equity | 0.04 |
| Other | -190.16 |
| Name | Percent |
|---|---|
| Fixed Income | 101.64 |
| Technology | 0.02 |
| Cash and Cash Equivalent | -1.64 |
| Other | -0.02 |
| Name | Percent |
|---|---|
| North America | 100.17 |
| Other | -0.17 |
| Name | Percent |
|---|---|
| Westpac Banking Corp 2.89% 04-Feb-2025 | 7.93 |
| AT&T Inc 4.00% 25-Sep-2025 | 7.61 |
| Suncor Energy Inc 5.60% 17-Nov-2025 | 7.13 |
| Bank of Nova Scotia 2.95% 08-Mar-2027 | 6.68 |
| Bank of America Corp 5.56% 15-Sep-2026 | 6.57 |
| National Australia Bank Ltd 3.52% 12-Jun-2025 | 6.51 |
| Bank of Montreal 4.71% 07-Nov-2027 | 6.48 |
| Canadian Imperial Bank Commrce 4.90% 02-Apr-2026 | 5.98 |
| Toronto-Dominion Bank 2.67% 09-Sep-2025 | 5.83 |
| Australia Nw Zlnd Bkng Grp Ltd 2.95% 22-Jul-2025 | 5.61 |
Arrow EC Income Advantage Alternative Fund Series ETF
Median
Other - Alternative Credit Focus
| Standard Deviation | 2.44% | - | - |
|---|---|---|---|
| Beta | 0.11% | - | - |
| Alpha | 0.06% | - | - |
| Rsquared | 0.11% | - | - |
| Sharpe | 1.13% | - | - |
| Sortino | 2.48% | - | - |
| Treynor | 0.24% | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.62% | 2.44% | - | - |
| Beta | 0.06% | 0.11% | - | - |
| Alpha | 0.09% | 0.06% | - | - |
| Rsquared | 0.07% | 0.11% | - | - |
| Sharpe | 3.27% | 1.13% | - | - |
| Sortino | - | 2.48% | - | - |
| Treynor | 0.88% | 0.24% | - | - |
| Tax Efficiency | 81.30% | - | - | - |
| Start Date | June 28, 2021 |
|---|---|
| Instrument Type | Exchange Traded Fund (Alternative) |
| Share Class | Do-It-Yourself |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $87 |
| 52 Week High | $21.25 |
| 52 Week Low | $19.42 |
| Annual Dividend | $0.97 |
| Annual Yield | - |
| Index | - |
| Shares Outstanding | - |
| Registered Plan Eligible | Yes |
| Exposure | - |
|---|---|
| Asset Class High | - |
| Asset Class Medium | - |
| Asset Class Low | - |
| Leveraged | - |
| Inverse | - |
| Advisor Series | - |
| Covered Call Strategy | No |
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 | 06-28-2021 |
| 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 |
| MER | 1.22% |
|---|---|
| Management Fee | 0.95% |
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