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Alternative Equity Focus
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2023, 2022, 2021
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|
NAVPS (05-01-2024) |
$25.64 |
|---|---|
| Change |
$0.06
(0.25%)
|
As at March 31, 2024
As at March 31, 2024
As at February 29, 2024
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Inception Return (May 20, 2008): 8.51%
| 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 | - |
| 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% |
8.24% (November 2020)
-8.40% (March 2020)
| 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 | 128/ 150 |
24.22% (2020)
-6.52% (2018)
| 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 |
| 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 |
| Name | Percent |
|---|---|
| North America | 97.62 |
| Europe | 1.03 |
| Asia | 0.53 |
| Other | 0.82 |
| 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 |
Arrow Long/Short Alternative Class Series A
Median
Other - Alternative Equity Focus
| 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 |
|
|
|
| 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% |
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.
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.
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.
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.
| 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 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| AHP1000 |
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.
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.
| Name | Start Date |
|---|---|
| Jim McGovern | 02-26-2020 |
| Chung Kim | 02-28-2023 |
| 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 |
| 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 |
| MER | 2.17% |
|---|---|
| Management Fee | 1.65% |
| Load | Back 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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