east coast
investment grade II
The performance on this page is for informational purposes only. The East Coast Investment Grade II Fund was merged into the Arrow EC Income Advantage Alternative Fund on June 21, 2024.
Fund Strategy
The Fund seeks attractive risk-adjusted returns while preserving capital through a credit-focused, fixed-income investment mandate.
Investment Process
The Fund focuses on investment grade bonds primarily in Canada and employs a macro overlay to enhance returns and reduce volatility. With their extensive experience in the banking and financial services market in Canada, the Fund’s managers are uniquely positioned to trade existing bonds and new issuances. They are capable of mitigating interest rate risk using proven hedging strategies.
Investor Profile
- Conservative investors who are seeking monthly income with the potential for additional capital appreciation.
- Investors looking for an actively managed conservative bond portfolio to complement a traditional long-only stock and bond portfolio
Fund Performance
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.09 | 1.83 | 0.40 | 1.03 | 1.04 | 6.53 | |||||||
| 2023 | 3.23 | 1.67 | -1.88 | 2.02 | 0.89 | 0.86 | 1.20 | 0.60 | 0.69 | 0.21 | 2.50 | 2.33 | 15.20 |
| 2022 | -0.04 | -0.81 | 0.74 | -1.26 | -0.50 | 0.13 | 0.87 | 1.21 | -0.56 | 0.11 | 2.50 | 1.59 | 3.99 |
| 2021 | 1.19 | 0.37 | 0.06 | 0.57 | 0.48 | 0.28 | 0.39 | 0.19 | 0.31 | -0.13 | 0.06 | -0.09 | 3.74 |
| 2020 | 1.18 | 0.25 | -18.51 | 9.50 | 2.20 | 6.30 | 4.07 | 2.37 | 0.80 | 1.24 | 2.39 | 1.76 | 11.40 |
| 2019 | 2.19 | 1.22 | 0.47 | 1.63 | 0.64 | 0.71 | 1.46 | -0.81 | 0.97 | 0.50 | 0.80 | 1.03 | 11.33 |
| 2018 | 1.46 | 0.23 | -0.20 | 0.85 | 0.23 | 0.44 | 0.48 | 0.80 | 0.28 | 0.12 | -1.33 | -0.90 | 2.47 |
| 2017 | 1.55 | 1.29 | 0.67 | 0.98 | -0.49 | 0.74 | 0.87 | 0.17 | 1.03 | 1.25 | 1.16 | -0.03 | 9.56 |
| 2016 | -2.13 | 0.15 | 4.76 | 3.59 | 0.31 | 0.00 | 0.95 | 1.54 | 0.70 | 1.46 | 0.85 | 1.22 | 14.08 |
| 2015 | -0.59 | 0.60 | 0.38 | 0.43 | 0.23 | -0.60 | -0.64 | -1.41 | -0.65 | 0.72 | 0.87 | -1.79 | -2.46 |
| 2014 | 0.81 | 0.84 | 0.44 | 0.06 | 0.12 | 0.36 | 0.11 | -1.17 | -0.08 | -0.62 | 0.17 | -0.87 | 0.14 |
| 2013 | 0.13 | 0.55 | -0.95 | 0.81 | 0.29 | 0.23 | 0.52 | 0.63 | 0.08 | 2.31 |
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.01 | 1.76 | 0.33 | 0.95 | 0.97 | 6.16 | |||||||
| 2023 | 3.16 | 1.61 | -1.95 | 1.96 | 0.81 | 0.80 | 1.13 | 0.53 | 0.63 | 0.13 | 2.44 | 2.26 | 14.26 |
| 2022 | -0.11 | -0.87 | 0.67 | -1.33 | -0.57 | 0.07 | 0.80 | 1.13 | -0.62 | 0.04 | 2.43 | 1.52 | 3.15 |
| 2021 | 1.13 | 0.30 | -0.02 | 0.51 | 0.41 | 0.21 | 0.32 | 0.12 | 0.25 | -0.19 | -0.02 | -0.15 | 2.90 |
| 2020 | 1.12 | 0.19 | -18.57 | 9.43 | 2.13 | 6.23 | 4.00 | 2.30 | 0.73 | 1.18 | 2.32 | 1.69 | 10.50 |
| 2019 | 2.12 | 1.15 | 0.41 | 1.55 | 0.57 | 0.65 | 1.38 | -0.87 | 0.90 | 0.43 | 0.74 | 0.95 | 10.43 |
| 2018 | 1.38 | 0.17 | -0.26 | 0.78 | 0.16 | 0.38 | 0.41 | 0.73 | 0.22 | 0.05 | -1.38 | -0.96 | 1.66 |
| 2017 | 1.48 | 1.23 | 0.59 | 0.93 | -0.56 | 0.69 | 0.80 | 0.10 | 0.97 | 1.18 | 1.09 | -0.10 | 8.70 |
| 2016 | -2.20 | 0.08 | 4.69 | 3.56 | 0.24 | -0.06 | 0.89 | 1.47 | 0.63 | 1.39 | 0.80 | 1.17 | 13.23 |
| 2015 | -0.67 | 0.53 | 0.31 | 0.45 | 0.22 | -0.78 | -0.71 | -1.49 | -0.73 | 0.66 | 0.79 | -1.85 | -3.25 |
| 2014 | 0.75 | 0.78 | 0.47 | 0.00 | 0.05 | 0.29 | 0.05 | -1.22 | -0.14 | -0.69 | 0.13 | -1.05 | -0.61 |
| 2013 | 0.10 | 0.49 | -1.03 | 0.76 | 0.21 | 0.12 | 0.55 | 0.58 | 0.01 | 1.81 |
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.05 | 1.79 | 0.37 | 0.98 | 1.01 | 6.34 | |||||||
| 2023 | 3.20 | 1.58 | -1.98 | 1.97 | 0.85 | 0.88 | 1.16 | 0.55 | 0.64 | 0.17 | 2.49 | 2.36 | 14.69 |
| 2022 | -0.11 | -0.88 | 0.66 | -1.32 | -0.59 | 0.05 | 0.80 | 1.10 | -0.65 | 0.01 | 2.44 | 1.58 | 3.08 |
| 2021 | 1.12 | 0.31 | -0.01 | 0.52 | 0.41 | 0.21 | 0.32 | 0.11 | 0.24 | -0.21 | -0.02 | -0.16 | 2.87 |
| 2020 | 1.06 | 0.16 | -18.54 | 9.51 | 2.06 | 6.25 | 4.05 | 2.39 | 0.72 | 1.17 | 2.36 | 1.74 | 10.69 |
| 2019 | 2.20 | 1.20 | 0.45 | 1.62 | 0.64 | 0.72 | 1.44 | -0.81 | 0.94 | 0.47 | 0.73 | 0.98 | 11.07 |
| 2018 | 1.44 | 0.20 | -0.19 | 0.81 | 0.22 | 0.45 | 0.47 | 0.77 | 0.25 | 0.11 | -1.35 | -0.88 | 2.30 |
| 2017 | 1.55 | 1.22 | 0.61 | 0.95 | -0.60 | 0.74 | 0.87 | 0.14 | 1.00 | 1.17 | 1.11 | -0.03 | 9.05 |
| 2016 | -2.21 | 0.03 | 4.66 | 3.64 | 0.14 | -0.08 | 0.88 | 1.45 | 0.65 | 1.42 | 0.78 | 1.20 | 13.13 |
| 2015 | -0.72 | 0.47 | 0.25 | 0.44 | 0.10 | -0.83 | -0.71 | -1.50 | -0.81 | 0.50 | 0.62 | -1.82 | -3.97 |
| 2014 | 0.67 | 0.73 | 0.42 | -0.07 | -0.01 | 0.23 | -0.03 | -1.29 | -0.21 | -0.84 | 0.07 | -1.17 | -1.50 |
| 2013 | 0.65 | 0.51 | -0.06 | 0.30 | 0.20 | 0.12 | 0.70 | 0.57 | 0.01 | 3.04 |
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.11 | 1.84 | 0.43 | 1.05 | 1.07 | 6.67 | |||||||
| 2023 | 3.27 | 1.64 | -1.91 | 2.02 | 0.92 | 0.94 | 1.23 | 0.62 | 0.71 | 0.24 | 2.55 | 2.43 | 15.57 |
| 2022 | -0.05 | -0.82 | 0.73 | -1.27 | -0.52 | 0.11 | 0.86 | 1.17 | -0.60 | 0.06 | 2.51 | 1.64 | 3.82 |
| 2021 | 1.18 | 0.38 | 0.04 | 0.58 | 0.48 | 0.27 | 0.38 | 0.18 | 0.30 | -0.15 | 0.05 | -0.09 | 3.65 |
| 2020 | 1.29 | 0.22 | -18.48 | 9.57 | 2.12 | 6.32 | 4.12 | 2.45 | 0.78 | 1.23 | 2.42 | 1.79 | 11.69 |
| 2019 | 2.27 | 1.26 | 0.51 | 1.70 | 0.70 | 0.78 | 1.52 | -0.75 | 1.00 | 0.53 | 0.79 | 1.05 | 11.92 |
| 2018 | 1.52 | 0.20 | -0.16 | 0.88 | 0.25 | 0.50 | 0.54 | 0.82 | 0.28 | 0.17 | -1.28 | -0.81 | 2.92 |
| 2017 | 1.61 | 1.30 | 0.65 | 1.01 | -0.51 | 0.80 | 0.94 | 0.21 | 1.05 | 1.23 | 1.18 | 0.02 | 9.88 |
| 2016 | -2.12 | 0.07 | 4.87 | 3.66 | 0.22 | 0.07 | 0.97 | 1.54 | 0.74 | 1.40 | 0.82 | 1.27 | 14.17 |
| 2015 | -0.65 | 0.54 | 0.34 | 0.51 | 0.22 | -0.76 | -0.64 | -1.43 | -0.75 | 0.60 | 0.81 | -1.90 | -3.11 |
| 2014 | 0.73 | 0.77 | 0.46 | 0.00 | 0.06 | 0.30 | 0.08 | -1.27 | -0.17 | -0.85 | 0.13 | -1.05 | -0.85 |
| 2013 | 0.32 | 0.55 | -1.14 | 0.30 | 0.20 | 0.12 | 0.70 | 0.57 | 0.01 | 1.63 |
Growth of $100,000
Risk Rating
Low
Medium
High
Portfolio Details
Fund Codes
A Class: AHP 190
F Class: AHP 198
U Class (USD): AHP 196
G Class (USD): AHP 195
Minimum Investment (accredited investors)
$25,000
Minimum Investment (non accredited corporate purchases)
$150,000
Portfolio Advisor
Arrow Capital Management Inc.
Management Fee
A Class: 1.75%
F Class: 1.0%
U Class: 1.75%
G Class: 1.0%
Performance Fee
None
Purchases
Weekly
Liquidity
Monthly with 10 business days notice
Sub-Advisor
East Coast Asset Management SEZC
Registered Plan Eligibility
Eligible
Prime Broker
TD Securities Inc.
CIBC World Markets
Auditor
PricewaterhouseCoopers
Valuation Agent
CIBC Mellon Global Securities Services
Administrator
RBC Investor & Treasury Services
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
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.