Exemplar Tactical Corporate Bond

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Fund Strategy

The Fund seeks to generate income and preserve capital in each stage of the credit cycle, providing low correlation to bond indices and less sensitivity to interest rates.

Investment Process

The Fund invests primarily in Canadian corporate and government debt securities rated BBB or higher. The Fund may also include non-investment grade securities and may invest in other asset classes if warranted by financial conditions. To identify investment opportunities as well as mitigate and avoid undesirable market risk, investment research includes:

  • Top-down analysis (macro-economic environment and sector)
  • Bottom-up analysis (company fundamentals)
  • Quantitative analysis (asset class and security relative valuation).

The combination of all three will assist the manager in attempting to reduce downside risk. The Fund diversifies across industries to mitigate default risk and will deploy substantial hedging of interest rates, credit spreads and currency.

Investor Profile

  • Investors seeking monthly income with the potential for additional capital appreciation.
  • Investors seeking an actively managed unconstrained bond portfolio to complement a traditional long only bond portfolio.

Portfolio Manager Videos

Video: 
Exemplar Tactical Corporate Bond Fund Video

January 22, 2015

Monthly Commentaries

December 2018
November 2018
October 2018

 

Fund Documents

Class A Fund Facts
Class F Fund Facts
Class L Fund Facts
Class U Fund Facts
Class G Fund Facts
Class M Fund Facts
Class AI Fund Facts
Class FI Fund Facts
Class LI Fund Facts
Class AN Fund Facts
Class FN Fund Facts
Simplified Prospectus
Annual Information Form

 

Portfolio Managers

Mike MacBain
Founding Partner & Chief Investment Officer, East Coast Fund Management

How to Invest

Mutual Fund Solutions

Fund Overview

Fund Performance

Fund Performance: 
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2019 1.24 - - - - - - - - - - - 1.24
2018 0.46 -0.31 -0.12 0.27 0.08 0.19 0.62 -0.48 0.29 -0.51 -0.71 -0.39 -0.62
2017 1.16 0.87 0.21 0.53 0.15 0.05 0.21 0.05 0.31 0.47 0.12 0.06 4.26
2016 -0.97 -0.01 2.15 1.82 0.04 -0.12 0.94 1.08 -0.04 0.74 0.06 1.37 7.24
2015 0.85 1.08 -0.23 0.23 0.28 0.00 -0.55 -0.88 -0.42 0.27 -0.29 -0.84 -0.52
2014 - - - - - - - 0.19 -0.04 -0.27 0.15 -0.42 -0.39
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2019 1.17 - - - - - - - - - - - 1.17
2018 0.39 -0.38 -0.19 0.20 0.01 0.13 0.55 -0.55 0.23 -0.58 -0.78 -0.46 -1.42
2017 1.09 0.80 0.14 0.47 0.08 -0.01 0.14 -0.02 0.24 0.40 0.06 0.00 3.42
2016 -1.03 -0.08 2.08 1.76 -0.03 -0.19 0.87 1.01 -0.11 0.67 -0.01 1.31 6.40
2015 0.78 1.01 -0.31 0.16 0.21 -0.07 -0.62 -0.96 -0.50 0.20 -0.36 -0.91 -1.39
2014 - - - - - - - 0.12 -0.11 -0.34 0.08 -0.51 -0.75

Growth of $1,000

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Risk Bar Description: 
Risk Rating

Portfolio Details

Fund Codes
0% distribution :
Class AN: AHP 1340
Class FN: AHP 1345

5% distribution :
Class A: AHP 1300
Class F: AHP 1310
Class L: AHP 1330
Class U: AHP 1350
Class G: AHP 1355
 

7% distribution :
Class AI: AHP 1305
Class FI: AHP 1315
 

Minimum Investment
$1,000

Management Fee
Class A: 1.75%
Class F: 1.00%
Class L: 2.00%

Performance Fee
None

Investment Advisor
Arrow Capital Management

Liquidity
Daily

Short term redemption charge
2% of NAV within the first 90 days

RSP Eligibility
RSP, RRIF,DSP, RESP, DPSP, TFSA

Auditor
PricewaterhouseCoopers

Custodian & Valuation Agent
CIBC Mellon Asset Servicing

Administrator
RBC Investor & Treasury Services

Manager & Promoter
Arrow Capital Management Inc.

 

Source: Morningstar, 2019

Fund inception date is June 27, 2014.

Unless otherwise stipulated Exemplar Fund returns are net of all fees, in Canadian dollars, reflect series “F” units and assume reinvestment of all distributions. Commissions, trailing commissions, management fees and expenses all may be associated with Exemplar Funds. Please read the full prospectus before investing. Except as otherwise noted the indicated rates of return are the historical compounded total returns including changes in share or unit value and the reinvestment of all dividends or distributions and do not take into account the sales, redemption, distribution, optional charges or income tax payable by the unitholder or shareholder that would have reduced returns. Exemplar Funds are not insured or guaranteed by Canada Deposit Insurance Corporation (CDIC) or any other insurer. Exemplar Funds are subject to risks of loss of capital and income and their values change frequently. Past performance may not be repeated.

*The Star Rating is as of December 31, 2018 for Series F of the Exemplar Tactical Corporate Bond Fund. The number of funds within its category is as follows: Canadian Corporate Fixed Income Category: 3 years – 5 stars (72 funds). Morningstar Star Ratings are subject to change monthly. The rating is an objective, quantitative measure of a fund’s historical risk-adjusted performance relative to other funds in its category. Only funds with at least a three-year track record are considered. The Morningstar Risk-Adjusted Rating (MRAR), commonly referred to as the Star Rating, relates the risk-adjusted performance of a fund to its peers in the category. Morningstar calculates ratings only for categories with at least 20 funds. To determine a fund's rating, the fund and its peers are ranked by their MRARs. If a fund scores in the top 10% of its fund category, it receives five stars (High); if it falls in the next 22.5%, it receives four stars (Above Average); a place in the middle 35% earns a fund three stars (Neutral or Average); those in the next 22.5% receive two stars (Below Average); and the lowest 10% get one star (Low). Morningstar Risk-Adjusted Ratings are recalculated monthly. For additional resources on the Star Rating and answers to frequently asked questions, see morningstar.ca. Fund inception date is June 27, 2014.