(As of 4/30/2024)

Arrow EC Income Advantage Alternative Fund Ser A

(Alternative Credit Focused)
FundGrade A+® Rating recipient
For more information about FundGrade click here






Inception Return
(6/26/2020)
6.52 %
YTD Return 3.59 %
NAVPS
(5/24/2024)
$11.53
Change $0.00 / -0.02 %
Growth of $10,000 (As of April 30, 2024)
MER 2.27 %
Assets ($mil) $32.69
Rank (1Yr) 16/114
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

East Coast Asset Management SEZC

 
Asset Allocation
(As of April 30, 2024)
Sector Allocation
(As of April 30, 2024)
Geographic Allocation
(As of April 30, 2024)
Top 10 Holdings
NameAssetSectorGeographicPercent
Cash and Cash EquivalentsCash and EquivalentsCash and Cash EquivalentCanada16.63%
Bank of Nova Scotia 5.50% 08-May-2026Domestic BondsFixed IncomeCanada8.71%
Westpac Banking Corp 2.89% 04-Feb-2025Foreign BondsFixed IncomeUnited States8.28%
Royal Bank of Canada 2.88% 23-Dec-2024Cash and EquivalentsCash and Cash EquivalentCanada6.92%
Toronto-Dominion Bank 3.11% 22-Apr-2025Domestic BondsFixed IncomeCanada6.57%
Toronto-Dominion Bank 2.67% 09-Sep-2025Domestic BondsFixed IncomeCanada6.25%
National Australia Bank Ltd 3.52% 12-Jun-2025Domestic BondsFixed IncomeCanada6.19%
Wells Fargo & Co 2.57% 01-May-2025Domestic BondsFixed IncomeCanada5.79%
Royal Bank of Canada 2.74% 25-Jul-2024Cash and EquivalentsCash and Cash EquivalentCanada5.74%
Metropolitan Life Globl Fndg I 5.18% 15-Jun-2026Domestic BondsFixed IncomeCanada5.71%

Performance Data (As of April 30, 2024)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 0.78 2.23 6.67 3.59 9.92 5.05 -    -   
Benchmark -1.95 -1.87 4.32 -3.20 -0.95 -2.16 -0.14 1.75
Quartile Ranking 1 1 2 1 1 1 - -

Calendar Return (%) 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Fund 9.47 1.79 1.66 -      -      -      -      -      -      -     
Benchmark 6.38 -11.46 -2.71 8.61 6.97 1.29 2.70 1.54 3.57 9.10
Quartile Ranking 1 1 3 - - - - - - -

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