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Alternative Multi-Stratgy

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(04-11-2024)
$15.15
Change
$0.10 (0.67%)

As at March 31, 2024

Period
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Legend

WaveFront Global Diversified Investment Class Series A

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Fund Returns

Inception Return (April 30, 2009): 2.59%

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 3.53% 1.58% -1.21% 11.69% 13.98% 4.02% 10.68% 12.05% 12.99% 9.28% 5.71% 0.76% 0.46% 3.65%
Benchmark 4.14% 6.62% 15.26% 6.62% 13.96% 3.95% 9.11% 16.99% 9.96% 9.65% 8.48% 9.70% 7.76% 7.67%
Category Average 1.90% 7.18% 7.18% 3.51% 6.95% 2.27% 2.40% 5.31% - - - - - -
Category Rank 14 / 105 3 / 103 29 / 100 3 / 103 4 / 91 20 / 71 1 / 61 4 / 51 2 / 43 2 / 11 - - - -
Quartile Ranking 1 1 2 1 1 2 1 1 1 1 - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 5.48% 0.85% 1.19% -0.77% -3.52% 1.73% -1.21% -2.59% 1.15% 1.58% 6.21% 3.53%
Benchmark 2.90% -4.95% 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14%

Best Monthly Return Since Inception

21.26% (March 2020)

Worst Monthly Return Since Inception

-10.88% (February 2018)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 17.02% 7.33% -21.59% -13.23% -13.01% -8.75% 35.22% 12.56% 22.80% -4.71%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average - - - - - - 4.04% 6.86% -5.49% 4.47%
Quartile Ranking - - - - 3 4 1 1 1 4
Category Rank - - - - 8/ 11 25/ 26 3/ 47 13/ 58 2/ 70 81/ 91

Best Calendar Return (Last 10 years)

35.22% (2020)

Worst Calendar Return (Last 10 years)

-21.59% (2016)

Asset Allocation

Sector Allocation

Geographic Allocation

Top Holdings

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

WaveFront Global Diversified Investment Class Series A

Median

Other - Alternative Multi-Stratgy

3 Yr Annualized

Standard Deviation 14.52% 17.06% 15.40%
Beta -0.16% -0.32% -0.27%
Alpha 0.13% 0.17% 0.07%
Rsquared 0.02% 0.09% 0.05%
Sharpe 0.59% 0.69% 0.22%
Sortino 0.99% 1.27% 0.19%
Treynor -0.55% -0.36% -0.13%
Tax Efficiency 100.00% 100.00% 100.00%
Volatility Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10

Risk Rating

Rating 8 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 10.21% 14.52% 17.06% 15.40%
Beta 0.09% -0.16% -0.32% -0.27%
Alpha 0.12% 0.13% 0.17% 0.07%
Rsquared 0.01% 0.02% 0.09% 0.05%
Sharpe 0.87% 0.59% 0.69% 0.22%
Sortino 2.11% 0.99% 1.27% 0.19%
Treynor 1.04% -0.55% -0.36% -0.13%
Tax Efficiency 100.00% 100.00% 100.00% 100.00%

Fund Details

Start Date April 30, 2009
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $0

Fund Codes

FundServ Code Load Code Sales Status
AHP1100

Investment Objectives

The investment objective of the Fund to seek superior long term absolute and risk-adjusted returns with the potential for low correlation to global equity and fixed-income market returns through the selection and management of long and short positions in a globally diversified portfolio of futures, options, forward contracts and other financial derivative instruments on agricultural and soft commodities, metals, energies, currencies, interest rates and equity indices (the “Underlying Assets”).

Investment Strategy

The central investment tenet of the Fund is that markets exhibit serial correlation or price trends and other persistent anomalies that cannot be explained by random behaviour or the assumption of fully informed and rational market participants. Price trends, or serial correlation in market prices, are caused by changes in risk premiums or the amount of return investors demand to compensate the risks they are taking.

Portfolio Manager(s)

Name Start Date
Arrow Capital Management Inc. 05-01-2009
Roland Austrup 02-28-2023
Robert Koloshuk 02-28-2023

Management and Organization

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

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 6.11%
Management Fee 2.00%
Load Front Fee Only
FE Max 1.00%
DSC Max -
LL Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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