Arrow EC
Income Advantage
Alternative Fund ETF
rate
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 Benefits
Arrow’s ETF offering makes it easier for investors to access our products.
Some key takeaways for investors include:
- Accessibility: ETF series units are publicly traded and conveniently available on the stock exchange.
- ETF Vehicle Benefits: Intra-day liquidity, ability to execute both large and small orders.
- Active Management: Diversification, income and focus on risk-adjusted returns.
Fund Overview
Fund performance
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.38 | 1.19 | 0.33 | 0.81 | 0.48 | 0.44 | 4.71 | ||||||
| 2023 | 2.01 | 1.03 | -1.07 | 1.35 | 0.56 | 0.68 | 0.84 | 0.46 | 0.53 | 0.17 | 1.50 | 1.55 | 10.01 |
| 2022 | -0.16 | -0.65 | 0.50 | -0.99 | -0.28 | 0.01 | 0.63 | 0.81 | -0.31 | 0.11 | 1.56 | 0.99 | 2.21 |
| 2021 | 0.20 | 0.07 | 0.18 | -0.13 | -0.02 | -0.03 | 0.29 |
Growth of $1,000
Risk Rating
Low
Medium
High
Portfolio Details
Management Fee
0.95%
Performance Fee
15%
Portfolio Advisor
Arrow Capital Management Inc.
Sub-Advisor
East Coast Asset Management SEZC
Liquidity
Intra-day
Registered Plan Eligibility
Eligible
Auditor
PricewaterhouseCoopers
Transfer Agent
TSX Trust Company
Custodian
CIBC Mellon Trust Company
Valuation Agent
CIBC Mellon Global Securities Services
Manager & Promoter
Arrow Capital Management Inc.
Sub-Advisor
Mike MacBain
Founding Partner & Chief Investment Officer, East Coast Asset Management SEZC
Mike MacBain
Founding Partner & Chief Investment Officer, East Coast Asset Management SEZC
Mike MacBain has over 30 years of experience in the financial services industry in various trading and senior management roles for leading investment dealers. Previously he was the Managing Director, Head of Global Debt Markets, RBC Capital Markets (2008-2009) and President of TD Securities (2002-2006) after holding senior management roles focused on derivatives, fixed income, money markets and foreign exchange globally. In 2004, he was awarded Canada’s “Top 40 Under 40 Business Person.” Mike has completed the Executive Management Program at Stanford University and earned his BA, Honours Economics and Finance, from McGill University.
How to Invest
The Series ETF Units of the Arrow EC Income Advantage Alternative Fund were launched on June 15, 2021 and are listed on the TSX with the ticker “RATE”. 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.
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 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 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 on 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.