Arrow EC Income Advantage Alt Fd Ser ETF (RATE)
As of March 31, 2024
(Alternative Credit Focused)
FundGrade A+® Rating recipient
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Underlying Index
Inception Return
(6/28/2021) 		5.54 % Day High/Low
 $21.02 / $21.01
YTD Return 2.92 % 52Week High/Low
 $21.25 / $18.95
    
NAVPS
(4/26/2024) 		$20.97
Change $0.00 / 0.02 %
Open / Close
(4/26/2024) 		$21.01 / $20.98
Management Fee 0.95 %
Traded Volume 252
Assets ($mil) $48.10
Rank (1Yr) 10/116
Std Dev (3Yr) -
Beta (3Yr) -
Volatility Ranking (3Yr) -
RRSP Eligibility Yes
Open to Invest Open
Annual Dividend $0.89
Annual Yield 4.25 %
 
Objective
The investment objective of the Arrow EC Income Advantage Alternative Fund is to generate income and preserve capital by investing in a diversified portfolio of primarily North American investment grade corporate bonds. The fund will use leverage. The leverage will be created through the use of cash borrowings, short sales and derivative contracts. The fund’s leverage shall not exceed the limits on the use of leverage or as otherwise permitted under applicable securities legislation.
Fund Manager

Arrow Capital Management Inc.

Portfolio Manager

Mike MacBain, Arrow Capital Management Inc.

Sub-Advisor

East Coast Asset Management SEZC

 
Asset Allocation
(As of March 31, 2024)
Sector Allocation
(As of March 31, 2024)
Geographic Allocation
(As of March 31, 2024)
Top 10 Holdings
NameAssetSectorGeographicPercent
Goldman Sachs Group Inc 5.77% 29-Apr-2024Cash and EquivalentsCash and Cash EquivalentCanada8.41%
Wells Fargo & Co 4.17% 28-Apr-2025Domestic BondsFixed IncomeCanada7.23%
ENBRIDGE INC DISCCash and EquivalentsCash and Cash EquivalentCanada7.08%
Westpac Banking Corp 2.89% 04-Feb-2025Foreign BondsFixed IncomeUnited States6.92%
Cash and Cash EquivalentsCash and EquivalentsCash and Cash EquivalentCanada6.87%
Royal Bank of Canada 2.74% 25-Jul-2024Cash and EquivalentsCash and Cash EquivalentCanada6.62%
Bank of Nova Scotia 5.50% 08-May-2026Domestic BondsFixed IncomeCanada6.52%
Toronto-Dominion Bank 3.11% 22-Apr-2025Domestic BondsFixed IncomeCanada5.92%
National Australia Bank Ltd 3.52% 12-Jun-2025Domestic BondsFixed IncomeCanada5.70%
Toronto-Dominion Bank 2.67% 09-Sep-2025Domestic BondsFixed IncomeCanada5.06%

Performance Data (As of March 31, 2024)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 0.33 2.92 6.26 2.92 11.04 -    -    -   
Benchmark 0.48 -1.28 6.84 -1.28 1.93 -1.50 0.22 2.01
Quartile Ranking 4 1 2 1 1 - - -

Calendar Return (%) 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Fund 10.01 2.21 -      -      -      -      -      -      -      -     
Benchmark 6.38 -11.46 -2.71 8.61 6.97 1.29 2.70 1.54 3.57 9.10
Quartile Ranking 1 1 - - - - - - - -

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