Arrow EC Income Advantage Alternative Fund (TSX: RATE)
Canada
· Delayed Price · Currency is CAD | Assets | 87.16M |
| Expense Ratio | 0.95% |
| PE Ratio | n/a |
| Dividend (ttm) | 0.97 |
| Dividend Yield | 4.63% |
| Ex-Dividend Date | Sep 30, 2024 |
| Payout Frequency | Monthly |
| Payout Ratio | n/a |
| 1-Year Return | +5.63% |
| Volume | 700 |
| Open | 21.20 |
| Previous Close | 21.17 |
| Day's Range | 21.20 - 21.20 |
| 52-Week Low | 20.03 |
| 52-Week High | 21.25 |
| Beta | n/a |
| Holdings | 402 |
| Inception Date | Jun 28, 2021 |
About RATE
Arrow EC Income Advantage Alternative Fund is an exchange traded fund launched and managed by Arrow Capital Management Inc. It is co-managed by East Coast Asset Management Sezc. The fund invests in fixed income markets of the United States and Canada Region. It invests directly and through derivatives in investment grade debt securities, denominated in Canadian dollars, U.S. dollars and Euros of corporate and government issuers that are rated BBB- or higher by a recognized rating agency. It employs long/short strategy to create its portfolio. The fund employs fundamental and quantitative analysis with bottom-up and top-down security picking approach to create its portfolio. Arrow EC Income Advantage Alternative Fund was formed on April 26, 2012 and is domiciled in Canada.
Performance
RATE had a total return of 5.63% in the past year. Since the fund's inception, the average annual return has been 0.83%, including dividends.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 27, 2024 | 0.081 CAD | Oct 15, 2024 |
| Aug 30, 2024 | 0.081 CAD | Sep 13, 2024 |
| Jul 31, 2024 | 0.081 CAD | Aug 15, 2024 |
| Jun 28, 2024 | 0.081 CAD | Jul 15, 2024 |
| May 31, 2024 | 0.081 CAD | Jun 14, 2024 |
| Apr 29, 2024 | 0.081 CAD | May 15, 2024 |