(As of 8/31/2025)

Arrow EC Income Advantage Alternative Fund Ser A

(Alternative Credit Focused)

FundGrade A+^® Rating recipient
For more information about FundGrade click here

2023

Inception Return (6/26/2020)	6.20 %
YTD Return	3.02 %

NAVPS (9/17/2025)	$11.75
Change	$0.01 / 0.06 %

Growth of $10,000 (As of August 31, 2025)

MER	1.73 %
Assets ($mil)	$45.03
Rank (1Yr)	90/124
Std Dev (3Yr)	-
Volatility Ranking (3Yr)	1/10
RRSP Eligibility	Yes
Load	Back Fee Only
Max Front End	5.00 %
Max Back End	-
Sales Status	Open

Objective

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.

Fund Manager

Arrow Capital Management Inc.

Portfolio Manager

Mike MacBain, Arrow Capital Management Inc.

Sub-Advisor

Michael MacBain, East Coast Asset Management SEZC

Alim Harji, East Coast Asset Management SEZC

Asset Allocation
(As of August 31, 2025)

Sector Allocation
(As of August 31, 2025)

Geographic Allocation
(As of August 31, 2025)

Top 10 Holdings

Name	Asset	Sector	Geographic	Percent
Toronto-Dominion Bank 3.63% 15-Sep-2026	Foreign Bonds	Fixed Income	United States	9.97%
Bank of Montreal 4.30% 26-Oct-2025	Cash and Equivalents	Cash and Cash Equivalent	Canada	9.70%
Royal Bank of Canada 4.50% 24-Oct-2025	Cash and Equivalents	Cash and Cash Equivalent	Canada	8.82%
Transcanada Pipelines Ltd 3.80% 05-Feb-2027	Domestic Bonds	Fixed Income	Canada	6.78%
Bank of Montreal 3.80% 15-Dec-2027	Foreign Bonds	Fixed Income	United States	6.45%
Rogers Communications Inc 3.65% 31-Jan-2027	Domestic Bonds	Fixed Income	Canada	5.81%
Bank of America Corp 5.56% 15-Sep-2026	Domestic Bonds	Fixed Income	Canada	5.55%
Citigroup Inc 5.07% 29-Apr-2027	Domestic Bonds	Fixed Income	Canada	4.88%
Videotron Ltd 5.13% 29-Jun-2025	Cash and Equivalents	Cash and Cash Equivalent	United States	4.83%
Canadian Imperial Bank Commrce 5.37% 30-Mar-2028	Foreign Bonds	Fixed Income	United States	4.34%

Performance Data (As of August 31, 2025)

	Return (%)				Annualized Return (%)
Return	1 Mth	3 Mth	6 Mth	YTD	1 Yr	3 Yr	5 Yr	10 Yr
Fund	0.23	1.15	2.51	3.02	5.34	7.49	5.50	-
Benchmark	0.37	-0.34	-1.31	0.94	2.68	3.56	-0.56	1.74
Quartile Ranking	4	4	2	3	3	1	2	-

Calendar Return (%)	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Fund	7.69	9.47	1.79	1.66	-	-	-	-	-	-
Benchmark	4.10	6.38	-11.46	-2.71	8.61	6.97	1.29	2.70	1.54	3.57
Quartile Ranking	3	1	1	4	-	-	-	-	-	-

Website powered by © Fundata Canada Inc.
Mutual Fund Data provided by Fundata. | View Terms and Conditions of Use.
BofA Merill Lynch Indices used with permission.
© 2025 Fundata Canada Inc. All rights reserved. | View Privacy Policy | Contact Us.