Arrow
income
Alternative Fund
Fund Strategy
To achieve the investment objective, the Fund will invest in an actively managed portfolio composed primarily of North American corporate debt securities issued by both investment grade and non-investment grade rated corporations. The Fund may also invest in government bonds, loans (including floating rate loans, senior loans and unsecured loans), convertible bonds and derivatives. The Fund may also invest in North American equities with a meaningful income component to their expected return.
Investment Process
The Fund will invest in an actively managed portfolio of US and Canadian High Yield and Investment Grade Bonds both long and short, and, to a lesser degree Canadian and US Equities with a high-income component to return. The goals of the Fund are 1) to preserve capital, 2) to internally generate current yield that can be distributed to investors without the use of significant leverage, and 3) to provide capital appreciation through long and short security selection.
Investor Profile
- Investors seeking a monthly income stream
- Investors looking to capitalize on credit and income generating equities while minimizing against risk
- Investors able to accept a moderate level of risk.
Risk Rating
Low
Medium
High
Portfolio Details
Fund Codes
Series A: AHP 3300
Series AD: AHP 3305
Series F: AHP 3310
Series FD: AHP 3315
Series I: AHP 3320
Minimum Investment
$1,000
Management Fee
Series A: 1.95%
Series F: 0.95%
Performance Fee
15%
Hurdle Rate
None
Portfolio Advisor
Arrow Capital Management
Liquidity
Daily
Registered Plan Eligibility
Eligible
Custodian
TD Securities
Valuation Agent
CIBC Mellon Global Security Services
Auditor
PricewaterhouseCoopers
Administrator
RBC Investor Services Trust
Fund Documents
Investment Managers
Jay Thompson, CFA
Portfolio Manager
Jay Thompson, CFA
Portfolio Manager
Jay joined Arrow in February 2025 bringing 25 years of experience in the Financial Industry. Prior to joining Arrow, Jay spent 7 years at TD Securities managing proprietary fixed income trading strategies focused on US and Canadian investment grade and high yield credit markets. Previously he spent 8 years managing proprietary fixed income and equity trading strategies for Brookfield Asset Management. Jay began his career as an equity research associate, and later a fundamental credit analyst with TD Securities in New York. Jay holds a Bachelor of Engineering Science from the University of Western Ontario and an MBA from the Sloan School of Business at MIT.
How to Invest
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
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.