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Arrow Long/Short Alternative Class Series A

Alternative Equity Focus

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeE Click for more information on Fundata’s ESG Grade

Fundata ESG Grade E

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023, 2022, 2021

Click for more information on Fundata’s FundGrade

NAVPS
(04-19-2024)
$25.63
Change
-$0.02 (-0.06%)

As at March 31, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Arrow Long/Short Alternative Class Series A

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Fund Returns

Inception Return (May 20, 2008): 8.51%

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 1.99% 3.68% 3.35% 3.68% 2.69% -0.04% 2.38% 12.66% 9.39% 8.20% 7.65% 7.21% 6.14% 6.67%
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 2.33% 13.77% 13.77% 8.40% 14.38% 5.99% 5.81% 11.19% - - - - - -
Category Rank 100 / 189 126 / 166 129 / 160 126 / 166 121 / 151 104 / 134 83 / 101 28 / 67 15 / 51 4 / 22 4 / 22 7 / 21 5 / 15 -
Quartile Ranking 3 4 4 4 4 4 4 2 2 1 1 2 2 -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.58% -1.25% -1.91% 0.32% 0.23% 1.44% 0.23% 0.09% -0.63% 1.65% 0.00% 1.99%
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

8.24% (November 2020)

Worst Monthly Return Since Inception

-8.40% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 11.32% 6.04% -0.52% 6.07% -6.52% 15.40% 24.22% 17.24% 1.49% -3.00%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average - - - - - - 5.11% 17.27% -5.96% 6.54%
Quartile Ranking - 2 4 3 3 1 1 2 1 4
Category Rank - 6/ 15 17/ 21 14/ 22 12/ 22 5/ 47 14/ 62 45/ 97 22/ 123 127/ 149

Best Calendar Return (Last 10 years)

24.22% (2020)

Worst Calendar Return (Last 10 years)

-6.52% (2018)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 51.74
Canadian Equity 36.58
Income Trust Units 5.02
US Equity 3.43
International Equity 2.42
Other 0.81

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 51.74
Energy 9.45
Basic Materials 8.51
Industrial Services 3.68
Healthcare 2.97
Other 23.65

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.62
Europe 1.03
Asia 0.53
Other 0.82

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 47.71
US DOLLAR 3.84
Secure Energy Services Inc 3.16
Sprott Physical Uranium Trust - Units 2.40
North American Construction Group Ltd 2.35
AG Growth International Inc 2.31
K-Bro Linen Inc 2.11
Chartwell Retirement Residences - Units 1.70
MATTR CORP 1.65
Headwater Exploration Inc 1.48

Equity Style

Market capitalization is small. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Arrow Long/Short Alternative Class Series A

Median

Other - Alternative Equity Focus

3 Yr Annualized

Standard Deviation 4.53% 8.35% 7.36%
Beta 0.00% 0.29% 0.33%
Alpha 0.02% 0.06% 0.04%
Rsquared 0.00% 0.29% 0.33%
Sharpe -0.04% 0.89% 0.73%
Sortino -0.17% 1.33% 0.81%
Treynor -11.82% 0.26% 0.16%
Tax Efficiency 54.12% 83.85% 85.22%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 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 3.95% 4.53% 8.35% 7.36%
Beta 0.00% 0.00% 0.29% 0.33%
Alpha 0.03% 0.02% 0.06% 0.04%
Rsquared 0.00% 0.00% 0.29% 0.33%
Sharpe -0.51% -0.04% 0.89% 0.73%
Sortino -0.10% -0.17% 1.33% 0.81%
Treynor -5.30% -11.82% 0.26% 0.16%
Tax Efficiency 94.93% 54.12% 83.85% 85.22%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date May 20, 2008
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $39

Fund Codes

FundServ Code Load Code Sales Status
AHP1000

Investment Objectives

The investment objective of the Arrow Long/Short Alternative Class is to achieve superior capital appreciation over both short and long term horizons primarily through the selection and management of a concentrated group of long and short positions in Canadian equity securities and equity derivative securities. The Fund will use leverage. The leverage will be created through the use of cash borrowings, short sales and derivative contracts.

Investment Strategy

Equities - The Fund will invest its assets primarily in publicly listed Canadian equity securities, although the Fund will also invest in companies domiciled outside of Canada. The Portfolio Advisor will have a variable bias and will generally look to include both long and short positions in the Fund’s portfolio. Global sector trades, including pairs trading, trades based on events and special situations will also be utilised.

Portfolio Manager(s)

Name Start Date
Jim McGovern 02-26-2020
Chung Kim 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 10,000
SWP Min Withdrawal 100

Fees

MER 2.18%
Management Fee 1.65%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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