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Arrow EC Income Advantage Alternative Fund Series A
Alternative Credit Focus
Click for more information on Fundata’s FundGrade
FundGrade B
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FundGrade A+® Rating Recipient
2024, 2023
Click for more information on Fundata’s FundGrade
|
NAVPS (06-19-2026) |
$11.53 |
|---|---|
| Change |
$0.00
(-0.03%)
|
As at May 31, 2026
As at April 30, 2026
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Legend
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Fund Returns
Inception Return (June 26, 2020): 5.73%
| 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 | 0.51% | 0.54% | 1.28% | 1.12% | 3.10% | 4.25% | 6.08% | 6.43% | 4.77% | - | - | - | - | - |
| Benchmark | 1.41% | -0.55% | 0.39% | 1.78% | 2.90% | 5.87% | 4.11% | 3.23% | 0.83% | 0.37% | 1.26% | 1.96% | 1.65% | 1.78% |
| Category Average | 0.77% | 0.87% | 2.20% | 2.09% | 6.05% | 6.39% | 6.71% | 5.55% | 3.70% | 5.05% | 4.34% | - | - | - |
| Category Rank | 118 / 150 | 80 / 150 | 109 / 146 | 113 / 146 | 121 / 134 | 102 / 119 | 60 / 106 | 25 / 91 | 18 / 67 | - | - | - | - | - |
| Quartile Ranking | 4 | 3 | 3 | 4 | 4 | 4 | 3 | 2 | 2 | - | - | - | - | - |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.39% | 0.53% | 0.23% | 0.29% | 0.24% | 0.11% | 0.15% | 0.42% | 0.16% | -0.46% | 0.49% | 0.51% |
| Benchmark | 0.04% | -0.74% | 0.37% | 1.80% | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% | 1.41% |
Best Monthly Return Since Inception
2.41% (July 2020)
Worst Monthly Return Since Inception
-1.10% (March 2023)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | 1.66% | 1.79% | 9.47% | 7.69% | 3.83% |
| Benchmark | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% | 2.40% |
| Category Average | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% | 5.39% |
| Quartile Ranking | - | - | - | - | - | 4 | 1 | 1 | 3 | 4 |
| Category Rank | - | - | - | - | - | 51/ 64 | 13/ 85 | 21/ 105 | 63/ 110 | 106/ 132 |
Best Calendar Return (Last 10 years)
9.47% (2023)
Worst Calendar Return (Last 10 years)
1.66% (2021)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 190.72 |
| Foreign Corporate Bonds | 123.30 |
| Canadian Bonds - Other | 20.44 |
| Mortgages | 3.28 |
| International Equity | 0.94 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 167.23 |
| Cash and Cash Equivalent | -67.85 |
| Other | 0.62 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 119.10 |
| Europe | 3.89 |
| Multi-National | -23.85 |
| Other | 0.86 |
Top Holdings
| Name | Percent |
|---|---|
| Toronto-Dominion Bank 3.63% 15-Sep-2026 | 11.64 |
| Bank of Nova Scotia 7.02% 27-Jun-2027 | 8.69 |
| Canadian Imperial Bank Commrce 7.15% 28-Jun-2027 | 8.00 |
| Bank of America Corp 5.56% 15-Sep-2026 | 7.30 |
| Rogers Communications Inc 3.65% 31-Jan-2027 | 7.26 |
| Bank of Montreal 3.80% 15-Dec-2027 | 6.68 |
| Transcanada Pipelines Ltd 3.80% 05-Feb-2027 | 6.50 |
| Westpac Banking Corp 4.32% 23-Nov-2026 | 6.06 |
| Toronto-Dominion Bank 8.13% 31-Oct-2027 | 5.58 |
| Royal Bank of Canada 3.63% 10-Dec-2027 | 5.47 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Arrow EC Income Advantage Alternative Fund Series A
Median
Other - Alternative Credit Focus
3 Yr Annualized
| Standard Deviation | 1.41% | 2.02% | - |
|---|---|---|---|
| Beta | 0.08 | 0.11 | - |
| Alpha | 0.06 | 0.05 | - |
| Rsquared | 0.09% | 0.10% | - |
| Sharpe | 1.66 | 0.89 | - |
| Sortino | 6.60 | 1.49 | - |
| Treynor | 0.29 | 0.17 | - |
| Tax Efficiency | 70.55% | - | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 0.93% | 1.41% | 2.02% | - |
| Beta | 0.11 | 0.08 | 0.11 | - |
| Alpha | 0.03 | 0.06 | 0.05 | - |
| Rsquared | 0.24% | 0.09% | 0.10% | - |
| Sharpe | 0.76 | 1.66 | 0.89 | - |
| Sortino | 0.08 | 6.60 | 1.49 | - |
| Treynor | 0.06 | 0.29 | 0.17 | - |
| Tax Efficiency | 50.39% | 70.55% | - | - |
Fund Details
| Start Date | June 26, 2020 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | $44 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| AHP3000 |
Investment Objectives
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.
Investment Strategy
To achieve the investment objectives, the Fund will invest primarily in investment grade debt securities of North American corporate and government issuers that are rated BBB- or higher by a recognized rating agency. The Fund may also include non-investment grade debt securities and may invest in other asset classes if warranted by financial conditions.
Portfolio Management
| Portfolio Manager |
Arrow Capital Management Inc.
|
|---|---|
| Sub-Advisor |
East Coast Asset Management SEZC
|
Management and Organization
| Fund Manager |
Arrow Capital Management Inc. |
|---|---|
| Custodian |
CIBC Mellon Trust Company TD Securities Inc. |
| Registrar |
RBC Investor Services Trust (Canada) |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 1,000 |
| PAC Subsequent | 100 |
| SWP Allowed | Yes |
| SWP Min Balance | 1,000 |
| SWP Min Withdrawal | 100 |
Fees
| MER | 1.73% |
|---|---|
| Management Fee | 1.45% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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