Arrow
Opportunities
Alternative Fund
Fund Strategy
The investment objective of the Fund is to achieve superior capital appreciation over both short and long term horizons primarily through the selection and management of long and short positions in Global equity securities and equity derivative securities.
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
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.85 | 0.17 | 2.51 | 0.67 | 0.14 | -1.22 | 2.84 | -0.46 | 2.94 | 3.35 | 13.41 | ||
| 2023 | -0.22 | -1.36 | -0.25 | 1.18 | -1.26 | -1.20 | 1.27 | 0.38 | 1.68 | 0.69 | 1.76 | -0.85 | 1.76 |
| 2022 | -1.85 | 6.31 | 2.23 | 0.82 | -2.17 | -4.23 | -0.88 | 1.92 | 2.43 | -0.05 | -1.70 | 1.77 | 4.26 |
| 2021 | 8.14 | 13.13 | 1.28 | 4.11 | -1.69 | 2.90 | -3.61 | 1.16 | 1.07 | 4.15 | -1.36 | -0.30 | 31.74 |
| 2020 | 7.96 | 3.49 | 1.27 | 2.42 | 11.93 | 15.64 | 49.99 |
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.75 | 0.10 | 2.44 | 0.59 | 0.06 | -1.29 | 2.76 | -0.53 | 2.87 | 3.27 | 12.57 | ||
| 2023 | -0.31 | -1.44 | -0.34 | 1.10 | -1.34 | -1.28 | 1.17 | 0.29 | 1.51 | 0.55 | 1.51 | -0.83 | 0.52 |
| 2022 | -1.99 | 6.08 | 2.15 | 0.71 | -2.27 | -4.88 | -0.97 | 1.83 | 2.42 | -0.25 | -1.80 | 1.69 | 2.29 |
| 2021 | 8.12 | 13.01 | 1.18 | 4.09 | -1.77 | 2.82 | -3.69 | 1.08 | 0.99 | 4.08 | -1.44 | -0.43 | 30.53 |
| 2020 | 7.78 | 3.20 | 1.20 | 2.34 | 11.83 | 15.52 | 48.83 |
Growth of $1,000
Risk Rating
Low
Medium
High
Portfolio Details
Fund Codes
Series A: AHP 5700
Series F: AHP 5710
Series I: AHP 5720
Minimum Investment
$1,000
Management Fee
Series A: 1.95%
Series F: 0.95%
Series I: Negotiable with and paid directly by Series I investor
Performance Fee
15%
Hurdle Rate
5%
Portfolio Advisor
Arrow Capital Management
Liquidity
Daily
Registered Plan Eligibility
Eligible
Custodian
CIBC World Markets Inc.
Valuation Agent
CIBC Mellon Global Security Services
Auditor
PricewaterhouseCoopers
Administrator
RBC Investor Services Trust
Investment Managers
Chung Kim, CIM
Portfolio Manager
Chung Kim, CIM
Portfolio Manager
FUNDS:
Chung joined Arrow in April, 2020. Prior to Arrow, Chung spent 15 years in Institutional Equity Sales, with the most recent stint as Executive Director at CIBC, largely covering Canadian Alternative Managers. Chung holds a Bachelor of Science from the University of Toronto, and an MBA from the Schulich School of Business.
How to Invest
Effective June 25, 2024, Arrow Opportunities Alternative Class merged into Arrow Opportunities Alternative Fund as part of the corporate class fund merger. Effective June 15, 2023, the fund was renamed Arrow Opportunities Alternative Class (formerly Arrow Global Opportunities Class).
Prior to September 30, 2021, the Fund was named Arrow Global Opportunities Class (“AGOC”). The Fund distributed to investors on a prospectus-exempt basis in accordance with National Instrument 45-106 and was not a reporting issuer between June 30, 2020 and January 10, 2022. The expenses of AGOC would have been higher during such period had the Fund been subject to the additional regulatory requirements applicable to a reporting issuer. Financial statements of AGOC are posted on Arrow’s website and are available to investors upon request
Exemptive relief was granted by the Ontario Securities Commission on November 21, 2021 to permit the Fund to use performance prior to the Fund becoming a reporting issuer.
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.