Arrow
Performance

   

Fund Strategy

The Fund seeks to deliver consistent returns by investing in a concentrated 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 Performance

YearJanFebMarAprMayJunJulAugSepOctNovDecYear
2022-1.533.451.47-0.44-1.43-4.880.13-0.09-3.47
20212.396.661.232.61-0.901.35-2.330.67-0.203.31-1.220.2114.33
20201.76-0.91-3.874.852.561.732.911.24-0.41-0.894.885.102.39
20190.981.061.620.130.60-0.13-0.271.53-1.32-0.361.221.326.53
20182.06-2.33-0.41-0.012.03-0.20-0.641.55-0.97-4.98-1.08-0.05-5.11
20170.510.840.642.122.07-1.180.341.121.824.671.320.1915.33
2016-4.91-2.414.10-0.731.96-0.733.352.03-0.18-0.240.360.943.25
20150.344.771.29-1.972.96-0.282.65-3.52-1.320.443.44-1.237.48
2014-0.943.821.761.651.712.680.011.66-1.731.541.61-0.6413.79
20133.981.661.771.310.90-0.511.611.171.743.753.332.8626.18
20122.011.26-2.56-0.97-3.940.631.171.713.770.83-0.920.953.74
2011-0.863.33-2.64-0.57-0.44-2.651.26-3.91-6.896.470.30-0.50-7.47
2010-5.485.363.732.10-3.85-1.802.974.383.542.654.371.1720.14
20090.38-1.832.192.295.54-0.050.071.434.44-0.334.994.1425.53
2008-7.415.89-4.750.213.420.57-7.81-1.57-13.24-11.75-1.941.57-32.65
20071.854.09-0.134.620.53-0.241.06-3.823.864.12-4.821.6212.95
20064.57-1.314.042.34-3.64-2.521.081.83-3.563.192.151.419.53
20051.004.20-1.45-2.070.941.643.580.733.88-5.363.673.2914.45
20042.414.15-1.13-1.73-0.100.70-1.42-0.922.821.043.232.6712.13
20031.120.16-2.300.593.592.202.934.551.777.891.963.4331.32
20020.621.748.11-0.046.69-3.17-8.754.61-1.68-0.300.273.3010.75
20011.66-0.123.304.173.10-0.291.54-0.32-1.780.521.703.5818.22
20004.8923.19-8.07-7.35-2.158.532.218.05-4.34-7.73-0.761.2714.50
19995.77-8.946.207.36-4.265.624.242.46-3.695.5512.0113.0452.64
19980.551.945.172.06-1.65-1.87-3.62-12.94-0.412.511.180.41-7.59
19973.60-0.44-6.232.27-1.09
YearJanFebMarAprMayJunJulAugSepOctNovDecYear
2022-1.533.451.45-0.39-0.97-4.890.13-0.11-3.03
20212.396.631.212.63-0.901.35-2.330.67-0.203.31-1.230.2114.29
20201.75-0.90-3.874.882.521.722.891.23-0.42-0.884.855.112.39
20190.981.071.630.130.61-0.14-0.281.92-1.64-0.431.241.336.55
20181.86-2.42-0.400.002.03-0.20-0.601.76-1.17-4.99-1.09-0.05-5.34
20170.510.850.652.142.09-1.190.341.131.834.691.350.1815.43
2016-4.91-2.414.10-0.731.96-0.734.052.04-0.16-0.230.380.964.02
20150.344.771.29-1.972.96-0.282.65-3.52-1.320.443.44-1.237.48
2014-0.943.821.761.651.712.680.011.66-1.731.541.61-0.6413.79
20133.981.661.771.310.90-0.511.611.171.743.753.332.8626.18
20122.011.26-2.56-0.97-3.940.631.171.713.770.83-0.920.953.74
2011-0.863.33-2.64-0.57-0.44-2.651.26-3.91-6.896.470.30-0.50-7.47
2010-5.485.363.732.10-3.85-1.802.974.383.542.654.371.1720.14
20090.38-1.832.192.295.54-0.050.071.434.44-0.334.994.1425.53
2008-7.415.89-4.750.213.420.57-7.81-1.57-13.24-11.75-1.941.57-32.65
20071.854.09-0.134.620.53-0.241.06-3.823.864.12-4.821.6212.95
20064.57-1.314.042.34-3.64-2.521.081.83-3.563.192.151.419.53
20051.004.20-1.45-2.070.941.643.580.733.88-5.363.673.2914.45
20042.414.15-1.13-1.73-0.100.70-1.42-0.922.821.043.232.6712.13
20031.120.16-2.300.593.592.202.934.551.777.891.963.4331.32
20020.621.748.11-0.046.69-3.17-8.754.61-1.68-0.300.273.3010.75
20011.66-0.123.304.173.10-0.291.54-0.32-1.780.521.703.5818.22
20004.8923.19-8.07-7.35-2.158.532.218.05-4.34-7.73-0.761.2714.50
19995.77-8.946.207.36-4.265.624.242.46-3.695.5512.0113.0452.64
19980.551.945.172.06-1.65-1.87-3.62-12.94-0.412.511.180.41-7.59
19973.60-0.44-6.232.27-1.09

Growth of $100,000

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Risk Rating

  • Low

  • Medium

  • High


Portfolio Details

Fund Codes

A Class: AHP 500
F Class: AHP 508

Minimum Investment (accredited investors)

$25,000

Minimum Investment (non‑accredited corporate purchases)

$150,000

Portfolio Advisor

Arrow Capital Management Inc.

Management Fee

A Class: 1.00%
F Class: 1.00%

Performance Fee

20% above 5% net

Purchases

Weekly

Liquidity

Weekly

Registered Plan Eligibility

Eligible

Prime Broker

Scotia Capital

Auditor

Grant Thornton

Valuation Agent

CIBC Mellon Global Securities Services

Administrator

RBC Investor & Treasury Services


Commentaries

Monthly


Investment Managers

Chung Kim, CIM

Portfolio Manager

Ahson Mirza, CFA

Portfolio Manager


How to Invest

Alternative Solutions


On January 1, 2018, the name of the Fund was changed from the Hirsch Performance Fund to the Arrow Performance Fund.

On July 1, 2016, the Fund began offering Class F units. Returns prior to July 1, 2016 reflect Class A units. The fees for the Class A and Class F units are the same.

On January 1, 2011, the Fund changed its performance fee calculation methodology from a unitholder level to a fund level. Prior to January 1, 2011, performance numbers for the Fund represented the hypothetical returns of a unitholder as if the unitholder had invested on the first day of the Fund’s operations with all distributions reinvested in the Fund and after deductions for performance fees, management fees and operating expenses. Starting on January 1, 2011 performance numbers for periods greater than one year are the compounded annualized returns and are calculated based on the last official monthly valuation, net of fees.

Commissions, trailing commissions, management fees, performance fees and expenses all may be associated with mutual fund investments. Offering of securities in this fund are made pursuant to a Confidential Offering Memorandum (OM) only to those investors who meet certain eligibility or minimum purchase requirements. Important information, including this fund’s fundamental investment objective is contained in the OM which may be obtained from Arrow Capital Management Inc. Please read the OM 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 $100,000” chart shows the final value of a hypothetical $100,000 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.