(As of 9/30/2024)

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) 		6.46 %
YTD Return 6.12 %
NAVPS
(10/9/2024) 		$11.57
Change $0.00 / 0.04 %
Growth of $10,000 (As of September 30, 2024)
MER 1.80 %
Assets ($mil) $36.60
Rank (1Yr) 79/117
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 August 31, 2024)
Sector Allocation
(As of August 31, 2024)
Geographic Allocation
(As of August 31, 2024)
Top 10 Holdings
NameAssetSectorGeographicPercent
Bank of Nova Scotia 2.95% 08-Mar-2027Domestic BondsFixed IncomeCanada11.02%
Westpac Banking Corp 2.89% 04-Feb-2025Cash and EquivalentsCash and Cash EquivalentUnited States9.06%
Bank of America Corp 5.56% 15-Sep-2026Domestic BondsFixed IncomeCanada7.88%
Bank of Montreal 4.71% 07-Nov-2027Domestic BondsFixed IncomeCanada7.73%
Suncor Energy Inc 5.60% 17-Nov-2025Domestic BondsFixed IncomeCanada6.97%
Bell Canada 5.15% 13-Sep-2024Cash and EquivalentsCash and Cash EquivalentCanada6.96%
National Australia Bank Ltd 3.52% 12-Jun-2025Cash and EquivalentsCash and Cash EquivalentCanada6.94%
Toronto-Dominion Bank 5.38% 21-Oct-2027Domestic BondsFixed IncomeCanada6.61%
AT&T Inc 4.00% 25-Sep-2025Domestic BondsFixed IncomeCanada6.45%
Canadian Imperial Bank Commrce 4.90% 02-Apr-2027Domestic BondsFixed IncomeCanada5.94%

Performance Data (As of September 30, 2024)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 0.77 1.58 3.24 6.12 9.42 5.65 -    -   
Benchmark 1.82 4.54 5.56 4.21 12.78 -0.07 0.55 2.23
Quartile Ranking 4 4 4 3 3 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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