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Arrow EC Income Advantage Alternative Fund Series ETF (RATE : TSX)

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Alternative Credit Focus

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2024, 2023

Click for more information on Fundata’s FundGrade

Close
(07-31-2025) 		$21.23
Change
-$0.08 (-0.38%)
Open $21.23
Day Range $21.23 - $21.23
Volume 7,032

As at June 30, 2025

As at June 30, 2025

  • Closing Price / Volume
Period
Created with Highcharts 10.3.3Closing PriceVolumeSep 2021Jan 2022May 2022Sep 2022Jan 2023May 2023Sep 2023Jan 2024May 2024Sep 2024Jan 2025May 2025Aug 2024Sep 2024Oct 2024Nov 2024Dec 2024Jan 2025Feb 2025Mar 2025Apr 2025May 2025Jun 2025Jun 2025Jul 20252021-07-012022-01-012022-07-012023-01-012023-07-012024-01-012024-07-012025-01-012025-07-0120…$19.00$20.00$21.00$22.00$20.80$21.20$21.400500,0001,000,000250,000Period
Created with Highcharts 10.3.3Jul 2021Jul 2…Oct 2021Jan 2022Apr 2022Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jul 2025Aug 2024Sep 2024Oct 2024Nov 2024Dec 2024Jan 2025Feb 2025Mar 2025Apr 2025May 2025Jun 2025Jun 2025Jul 20252021-07-012022-01-012022-07-012023-01-012023-07-012024-01-012024-07-012025-01-012025-07-012…-8%-6%-4%-2%0%2%4%6%-1%1%Period

Legend

Arrow EC Income Advantage Alternative Fund Series ETF

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Fund Returns

Inception Return (June 28, 2021): 5.72%

Fund Returns
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 0.43% 1.72% 2.48% 2.48% 5.86% 7.96% 8.18% 5.74% - - - - - -
Benchmark 0.04% -0.65% 1.32% 1.32% 5.82% 4.77% 4.10% 0.07% -0.47% 0.86% 1.77% 1.66% 1.46% 1.83%
Category Average 0.92% 2.38% 2.38% 2.38% 7.04% 7.35% 6.40% 3.20% 4.56% 4.15% - - - -
Category Rank 117 / 137 40 / 137 63 / 135 63 / 135 89 / 124 37 / 110 13 / 94 4 / 75 - - - - - -
Quartile Ranking 4 2 2 2 3 2 1 1 - - - - - -

Monthly Return

Created with Highcharts 10.3.3Jul 24Aug 24Sep 24Oct 24Nov 24Dec 24Jan 25Feb 25Mar 25Apr 25May 25Jun 25-2%-1%0%1%2%3%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.69% 0.18% 0.80% 0.58% 0.62% 0.38% 0.30% 0.27% 0.17% 0.22% 1.06% 0.43%
Benchmark 2.14% 0.52% 1.82% -1.07% 1.51% -0.52% 1.13% 1.14% -0.29% -0.77% 0.08% 0.04%

Best Monthly Return Since Inception

2.01% (January 2023)

Worst Monthly Return Since Inception

-1.07% (March 2023)

Calendar Return (%)

Created with Highcharts 10.3.3-15%-10%-5%0%5%10%15%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - - - 2.21% 10.01% 8.17%
Benchmark 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38% 4.10%
Category Average - - - - - 7.20% 3.25% -4.07% 7.22% 7.97%
Quartile Ranking - - - - - - - 1 1 2
Category Rank - - - - - - - 13/ 90 15/ 108 54/ 114

Best Calendar Return (Last 10 years)

10.01% (2023)

Worst Calendar Return (Last 10 years)

2.21% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 110.32
Foreign Corporate Bonds 72.48
Canadian Bonds - Other 11.71
Cash and Equivalents 9.47
International Equity 0.58

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 90.42
Cash and Cash Equivalent 9.47
Financial Services 0.58

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.87
Europe 3.66
Asia 1.57

Top Holdings

Top Holdings
Name Percent
Transcanada Pipelines Ltd 3.80% 05-Feb-2027 6.20
Bank of Montreal 3.80% 15-Dec-2027 6.07
Toronto-Dominion Bank 3.63% 15-Sep-2026 5.46
AT&T Inc 4.00% 25-Sep-2025 5.41
Bank of America Corp 5.56% 15-Sep-2026 5.32
Royal Bank of Canada 4.50% 24-Oct-2025 5.14
Citigroup Inc 5.07% 29-Apr-2027 5.06
Bank of Montreal 4.30% 26-Oct-2025 4.93
Canadian Imperial Bank Commrce 4.38% 28-Sep-2025 4.79
National Bank of Canada 4.70% 05-Mar-2026 4.25

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: L.
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return0123456789100%2%4%6%8%10%12%14%

Arrow EC Income Advantage Alternative Fund Series ETF

Median

Other - Alternative Credit Focus

3 Yr Annualized

Standard Deviation 2.00% - -
Beta 0.06% - -
Alpha 0.08% - -
Rsquared 0.04% - -
Sharpe 1.96% - -
Sortino 5.88% - -
Treynor 0.64% - -
Tax Efficiency 76.77% - -
Volatility Volatility rating is 1 on a scale of 1 to 10 - -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 0.97% 2.00% - -
Beta 0.08% 0.06% - -
Alpha 0.05% 0.08% - -
Rsquared 0.09% 0.04% - -
Sharpe 2.43% 1.96% - -
Sortino 25.21% 5.88% - -
Treynor 0.30% 0.64% - -
Tax Efficiency 68.18% 76.77% - -

Fund Details

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) $108
52 Week High $21.31
52 Week Low $20.16
Annual Dividend $0.97
Annual Yield -
Index -
Shares Outstanding -
Registered Plan Eligible Yes

ETF Characteristics

Exposure -
Asset Class High -
Asset Class Medium -
Asset Class Low -
Leveraged -
Inverse -
Advisor Series -
Covered Call Strategy No

Investment Objectives

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.

Investment Strategy

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.

Portfolio Management

Portfolio Manager

Arrow Capital Management Inc.

  • Mike MacBain
Sub-Advisor

East Coast Asset Management SEZC

Management and Organization

Fund Manager

Arrow Capital Management Inc.
Custodian

CIBC Mellon Trust Company

TD Securities Inc.
Registrar

RBC Investor Services Trust (Canada)
Distributor

-

Fees

MER 1.18%
Management Fee 0.95%

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