acaa
Arrow Canadian Advantage Alternative Class
Diversify your core equity portfolios for conservative investors with a liquid alternative strategy
Daily Closing Price
$21.36
As of 02/21/2025
1 Day Price Change
$-0.13
As of 02/21/2025
Management Fee
65bps
Risk Rating
Med
Fact Sheet
Prospectus
11.22%
2024 Calendar Return of ETF Strategy
Strong Performance during a volatile year for equity funds
4.49
Standard Deviation of ETF Strategy
66% lower volatility compared to Canadian Equity Market (iShares S&P/TSX 60 ETF)
15 Years
Strategy Track Record* Series F
Long term history of investing during different market conditions

Fund Strategy

ACAA is an actively managed Exchange Traded Fund (ETF) that seeks to generate attractive risk-adjusted returns with low volatility in different market environments. Unlike traditional equity strategies, the Fund maintains long and short exposures to a diversified portfolio of securities to provide an attractive return profile.

Fund Description

ACAA provides Advisors with a flexible long and short solution to diversify their client portfolio. The strategy is unconstrained and can trade long or short equities, bonds, currencies and commodities using our proprietary macro approach. Incorporating liquid alternatives into client portfolios can provide significant diversification benefits and reduce the downside of equity markets.

Upside Potential

Exposure to different asset classes with a focus on Canadian equities provides capital gains potential.

Defensive Potential

Use of short-selling and other risk management techniques can provide capital preservation benefits.

Diversification Potential

Lower correlation to equity markets can provide significant portfolio diversification benefits.

Fund Details

As of As of 1/31/2025
ticker
ACAA
strategy assets
$117 Million
type
Active Long / Short Equity ETF
risk rating
Medium
registered plan eligibility
Eligible
primary exchange
TSX
portfolio manager
Arrow Capital Management Inc.

Video Commentary

Quarterly Webinar

ACAA offers advisors a quarterly webinar that provides updates on strategy performance, global markets and our outlook for different asset classes. Please click on the button below to sign-up to participate in our next webinar featuring ACAA's portfolio managers.

Peer Analysis

Get Monthly Updates

ACAA offers advisors a monthly peer analysis that provides key metrics to evaluate the strategy for your clients. Please click on the button below to get the full peer analysis showing performance, upside / downside capture, beta and correlation.

MO SIA FocusedNorth American Eq ETFInvesco S&P/TSX CompositeLow Vol ETF
BMO SIA FocusedCanadian Equity ETFPurpose Core Dividend ETF
BMO Low VolatilityCanadian Equity ETFHorizons Seasonal RotationETF Comm
Vanguard FTSE Canada ETFInvesco Canadian FundamentalETF Comm

Performance

As of 1/31/2025
1 Mth (%)3 Mth (%)6 Mth (%)YTD (%)1 Yr (%)3 Yr (%)5 Yr (%)10 Yr (%)Ann ITD
-2.290.834.14-2.297.06---3.53

Top Holdings

As of 1/31/2025
Name of Position% of Portfolio
CALIFORNIA RESOURCES3.59%
CINEPLEX INC3.38%
MADISON SQUARE GARDEN3.06%
G MINING VENTURE2.76%
K-BRO LINEN INC2.74%
ENERFLEX LTD2.71%
SECURE WASTE2.65%
CHEMTRADE LOGISTICS2.46%
BROOKFIELD RENEWABLE2.45%
TRANSALTA CORP2.02%

ACAA Exposures

As of 1/31/2025
sector% of Portfolio
Communication Services1.2%
Consumer Discretionary11.4%
Consumer Staples3.3%
Energy22.4%
Financials8.5%
Health Care5.8%
Industrials7.5%
Information Technology12.2%
Materials18.0%
Real Estate2.9%
Utilities8.6%
region% of Portfolio
Canada40.9%
U.S.3.9%
Other4.0%

ACAA Documents

prospectus
ETF fund facts
peer analysis
quarterly portfolio disclosure

The inception date of the Arrow Canadian Advantage Alternative Class ETF Series is November 2, 2022

* denotes statistics for Arrow Canadian Advantage Alternative Class F Series. Series F Securities are a Non-Fixed Rate Distribution Series. Non-Fixed Rate Distribution Series are designed for investors who do not wish to receive regular payments from the Funds. Each December, the Funds will make an annual distribution or dividend of its taxable income, if any, to holders of the Non-Fixed Rate Distribution Series. Series ETF securities of the Fund will be issued and sold on a continuous basis and there is no maximum number of Series ETF securities that may be issued. Series ETF securities of the Funds can be bought in Canadian dollars only. Series ETF securities are a Fixed Rate Distribution Series. The Series ETF securities of the Arrow Canadian Advantage Alternative Fund are listed on the TSX and the ticker symbol is ACAA.

Commissions, trailing commissions, management fees, performance fees and expenses all may be associated with ETF 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. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them.

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 site 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 site.

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.