Arrow EC Income Advantage Alternative Fund

   

Fund Strategy

The Fund seeks to generate attractive risk-adjusted returns with low volatility in all interest rate environments. Unlike traditional fixed income strategies, the Fund maintains attractive exposure to a diversified portfolio of Canadian investment grade corporate bonds, seeking to eliminate the interest rate risk associated with such bonds.


Investor Profile

  • Investors seeking to protect capital from rising interest rates and systemic market risk
  • Investors seeking a monthly income stream
  • Investors looking to capitalize on credit and macro opportunities while protecting against risk
  • Investors have the option to receive a 4-5% annualized monthly distribution (AHP 3005, AHP 3015)


Fund Performance

YearJanFebMarAprMayJunJulAugSepOctNovDecYear
20241.371.37
20232.021.03-1.061.340.570.680.850.460.530.171.491.5410.01
2022-0.14-0.670.51-0.99-0.280.010.630.86-0.340.121.601.002.30
20210.710.330.010.300.260.120.220.100.19-0.12-0.01-0.022.11
20200.66-0.20-13.084.911.453.822.831.940.640.841.681.065.48
20191.270.640.311.020.090.800.87-0.490.570.340.720.737.09
20181.060.11-0.180.600.140.300.350.380.27-0.13-1.10-0.471.33
20171.430.990.470.48-0.180.600.54-0.010.640.690.690.086.62
2016-2.170.753.972.78-0.35-0.070.761.100.441.070.601.2910.52
2015-0.800.480.310.420.20-0.43-1.59-1.65-1.030.74-0.16-2.21-5.62
20140.850.290.490.350.050.270.07-1.26-0.27-0.810.07-1.07-1.00
20130.730.510.320.220.57-1.060.860.170.130.890.340.153.89
20120.040.120.070.700.460.320.522.26
YearJanFebMarAprMayJunJulAugSepOctNovDecYear
20241.381.38
20232.021.03-1.071.350.570.680.850.460.530.171.501.5410.03
2022-0.14-0.660.50-0.99-0.280.010.630.83-0.320.111.580.992.26
20210.740.330.010.300.260.120.220.090.19-0.12-0.01-0.022.13
20202.391.810.570.791.621.098.54
YearJanFebMarAprMayJunJulAugSepOctNovDecYear
20241.341.34
20231.970.99-1.101.300.530.650.810.420.490.131.461.509.51
2022-0.18-0.710.46-1.03-0.32-0.030.590.81-0.380.071.630.961.85
20210.690.30-0.030.260.220.090.200.050.16-0.15-0.04-0.061.69
20202.461.870.570.771.581.038.56
YearJanFebMarAprMayJunJulAugSepOctNovDecYear
20241.331.33
20231.970.99-1.101.300.520.640.800.420.490.131.451.509.47
2022-0.18-0.710.46-1.03-0.32-0.040.590.80-0.380.071.600.961.79
20210.690.30-0.030.260.220.090.190.040.15-0.16-0.05-0.071.66
20202.411.860.580.771.571.028.49
YearJanFebMarAprMayJunJulAugSepOctNovDecYear
20241.321.32
20231.980.96-1.181.390.560.720.830.420.510.111.561.629.87
2022-0.20-0.720.46-1.02-0.34-0.060.590.75-0.400.021.601.001.66
20210.700.29-0.030.250.210.080.170.080.04-0.11-0.07-0.061.55
20202.451.640.480.731.581.018.13
YearJanFebMarAprMayJunJulAugSepOctNovDecYear
20241.381.38
20232.021.00-1.081.360.600.760.870.460.540.191.541.6210.28
2022-0.14-0.680.50-1.00-0.30-0.010.620.83-0.370.091.611.042.19
20210.720.330.020.310.260.030.210.070.18-0.13-0.020.002.02
20202.341.620.500.771.631.108.22

Growth of $1,000

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Risk Rating

  • Low

  • Medium

  • High


Portfolio Details

Fund Codes

0% distribution :
Series A: AHP 3000
Series F: AHP 3010

4-5% distribution :
Series AD: AHP 3005
Series FD: AHP 3015

Series U: AHP 3050 (USD)
Series G: AHP 3055 (USD)

Minimum Investment

$1,000

Management Fee

A/AD/U Series: 1.45%
F/FD/G Series: 0.95%

Performance Fee

15%

Hurdle Rate

None

Portfolio Advisor

Arrow Capital Management Inc.

Sub-Advisor

East Coast Asset Management SEZC

Liquidity

Daily

Registered Plan Eligibility

Eligible

Auditor

PricewaterhouseCoopers

Custodian

CIBC Mellon Trust Company

Valuation Agent

CIBC Mellon Global Securities Services

Administrator

RBC Investor Services Trust




Sub-Advisor

Mike MacBain

Founding Partner & Chief Investment Officer, East Coast Asset Management SEZC


How to Invest

Mutual Fund Solutions


On June 26, 2020, the East Coast Investment Grade Income Fund (TSX: ECF.UN) was converted from a closed end fund into an open-end alternative mutual fund, renamed Arrow EC Income Advantage Alternative Fund and delisted from the TSX. Details of the conversion are outlined in the information circular which is available at www.sedar.com. Unitholders of Fund had their units redesignated as Series FD Units.

FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the “best of the best” among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from “A” to “E” receives a score from 4 to 0, respectively. A fund’s average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade A+® Award. For more information, see www.FundGradeAwards.com. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata.

The FundGrade A+® rating is used with permission from Fundata Canada Inc., all rights reserved. Fundata is a leading provider of market and investment funds data to the Canadian financial services industry and business media. The Fund-Grade A+® rating identifies funds that have consistently demonstrated the best risk-adjusted returns throughout an entire calendar year. For more information on the rating system, please visit  www.Fundata.com/ProductsServices/FundGrade.aspx.

Commissions, trailing commissions, management fees, performance fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing.  The indicated rates of return are the historical annual compounded total returns net of fees and expenses payable by the fund (except for figures of one year or less, which are simple total returns) including changes in security value and reinvestment of all dividends/distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.

The rates of return are used only to illustrate the effects of the compound growth rate and are not intended to reflect future values or returns on investment in an investment fund.

The “Growth of $1,000” chart shows the final value of a hypothetical $1,000 investment in securities in this class/series of the fund as at the end of the investment period indicated and is not intended to reflect future values or returns on investment in such securities.

The risk level of a fund has been determined in accordance with a standardized risk classification methodology in National Instrument 81-102, that is based on the fund’s historical volatility as measured by the 10-year standard deviation of the fund’s returns.  Where a fund has offered securities to the public for less than 10 years, the standardized methodology requires that the standard deviation of a reference mutual fund or index that reasonably approximates the fund’s standard deviation be used to determine the fund’s risk rating.  Please note that historical performance may not be indicative of future returns and a fund’s historical volatility may not be indicative of future volatility.

This information on this document is provided as a general source of information and should not be considered personal, legal, accounting, tax or investment advice, or an offer or a solicitation to buy or sell securities.  Every effort has been made to ensure that the material contained herein is accurate at the time of publication. Market conditions may change which may impact the information contained in this document. 

For major events that may affect the performance of a fund in the last 10 years, including its participation in an amalgamation or merger with another fund or a change in its investment objectives or portfolio advisor, please refer to the “History of the Fund” section in the fund’s most recently-filed Annual Information Form.