Arrow
long/short
Alternative class ETF
ACAA

Formerly Arrow Canadian Advantage Alternative Class ETF

Fund Strategy

The Fund seeks to deliver consistent returns by investing in a portfolio of Canadian equity securities chosen from those industries that management believes offers the best opportunity for profitable returns at each stage of the economic and market cycle.


Investment Process

The Fund invests in companies with proven management ability, well-defined growth strategies and distinct competitive advantages. Management also looks for event-driven trading opportunities to augment returns. The manager has the flexibility to vary market exposure to mitigate risk.


Investor Profile

  • Investors looking for capital appreciation through active management of an equity portfolio.
  • Investors looking to invest in companies with proven management teams, strong cash flows and earnings growth.
  • Investors who wish their portfolios to respond to varying market conditions.
  • Investors able to accept a moderate level of risk.

Fund Overview


Fund Performance

YearJanFebMarAprMayJunJulAugSepOctNovDecYear
20241.510.181.510.320.293.85
2023-0.59-1.10-0.120.66-1.15-1.830.410.321.490.320.18-0.53-1.95
20221.181.18

Growth of $1,000

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Risk Rating

  • Low

  • Medium

  • High


Portfolio Details

Ticker

ACAA

Management Fee

0.65%

Performance Fee

20%

Liquidity

Intra-Day

High Water Mark

Perpetual, based on the highest calendar year-end adjusted NAV

Registered Plan Eligibility

Eligible

Auditor

PricewaterhouseCoopers

Portfolio Advisor

Arrow Capital Management Inc.

Hurdle Rate

6%

Custodian

CIBC World Markets and CIBC Mellon Trust Company

Valuation Agent

CIBC Mellon Global Securities Services

Transfer Agent

TSX Trust Company

Manager & Promoter

Arrow Capital Management Inc.



Investment Managers

Chung Kim, CIM

Portfolio Manager

Ashley Kennedy, CFA

Portfolio Manager


How to Invest

Mutual Fund Solutions


Effective June 15, 2023, the fund was renamed Arrow Long/Short Alternative Class (formerly Arrow Canadian Advantage Alternative Class).

Commissions, trailing commissions, management fees, performance fees and expenses all may be associated with ETF 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. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them.

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 site 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 site. 

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.