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Arrow EC Income Advantage Alternative Fund Series A

Alternative Credit Focus

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023

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NAVPS
(07-23-2024)
$11.42
Change
$0.00 (0.04%)

As at June 30, 2024

As at June 30, 2024

Period
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Legend

Arrow EC Income Advantage Alternative Fund Series A

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Fund Returns

Inception Return (June 26, 2020): 6.47%

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 0.41% 1.63% 4.47% 4.47% 9.57% 8.89% 5.24% 6.45% - - - - - -
Benchmark 2.98% 0.97% -0.32% -0.32% 3.73% 3.25% -1.77% -1.98% -0.10% 1.11% 1.07% 0.93% 1.40% 1.89%
Category Average 0.65% 3.28% 3.28% 3.28% 7.68% 6.09% 1.96% 3.95% 3.59% - - - - -
Category Rank 90 / 127 46 / 118 37 / 118 37 / 118 29 / 115 13 / 99 5 / 80 12 / 69 - - - - - -
Quartile Ranking 3 2 2 2 2 1 1 1 - - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.80% 0.42% 0.49% 0.13% 1.45% 1.50% 1.33% 1.15% 0.29% 0.78% 0.44% 0.41%
Benchmark -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48% -1.95% 0.00% 2.98%

Best Monthly Return Since Inception

2.41% (July 2020)

Worst Monthly Return Since Inception

-1.10% (March 2023)

Calendar Return (%)

Calendar Return
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 - - - - - - - 51/ 72 15/ 95 18/ 113

Best Calendar Return (Last 10 years)

9.47% (2023)

Worst Calendar Return (Last 10 years)

1.66% (2021)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 223.14
Cash and Equivalents 45.48
Canadian Bonds - Other 12.22
Foreign Corporate Bonds 10.27
Mortgages 4.12
Other -195.23

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 51.01
Cash and Cash Equivalent 45.48
Financial Services 3.32
Technology 0.04
Healthcare 0.01
Other 0.14

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.05
Multi-National -0.12
Other 0.07

Top Holdings

Top Holdings
Name Percent
Toronto-Dominion Bank 2.67% 09-Sep-2025 8.43
Westpac Banking Corp 2.89% 04-Feb-2025 7.60
US DOLLAR 7.04
Bank of Nova Scotia 2.95% 08-Mar-2027 6.85
Wells Fargo & Co 2.57% 01-May-2025 6.21
Bell Canada 5.15% 11-Jul-2024 6.02
National Australia Bank Ltd 3.52% 12-Jun-2025 5.66
Canadian Imperial Bank Commrce 4.90% 02-Apr-2027 5.21
Metropolitan Life Globl Fndg I 5.18% 15-Jun-2026 4.90
Canadian Imperial Bank Commrce 5.05% 07-Oct-2027 4.79

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Arrow EC Income Advantage Alternative Fund Series A

Median

Other - Alternative Credit Focus

3 Yr Annualized

Standard Deviation 2.48% - -
Beta 0.12% - -
Alpha 0.05% - -
Rsquared 0.11% - -
Sharpe 0.86% - -
Sortino 1.54% - -
Treynor 0.18% - -
Tax Efficiency 70.51% - -
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 1.66% 2.48% - -
Beta 0.07% 0.12% - -
Alpha 0.09% 0.05% - -
Rsquared 0.10% 0.11% - -
Sharpe 2.61% 0.86% - -
Sortino - 1.54% - -
Treynor 0.61% 0.18% - -
Tax Efficiency 71.99% 70.51% - -

Fund Details

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) $35

Fund Codes

FundServ Code Load Code Sales Status
AHP3000

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 Manager(s)

Name Start Date
East Coast Asset Management SEZC 09-01-2020
Mike MacBain 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 Yes
PAC Initial Investment 1,000
PAC Subsequent 100
SWP Allowed Yes
SWP Min Balance 1,000
SWP Min Withdrawal 100

Fees

MER 1.80%
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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