Fund Research for Arrow Alternative Solutions C (ASFTX)

  • Fund Overview

    Fund Inception Date: Oct 31, 2007
    Category: Long-Short
    Overall Risk: —
    Fund Family: Arrow
    Return Since Inception: -5.16%
    YTD Return: 1.31%
    Yield (TTM): 3.09%
    Net Assets: 9.78 M
    Morningstar Rating: —

    The investment seeks capital appreciation with an emphasis on absolute returns, low volatility, and low correlation to the equity markets. The fund seeks to maximize the return derived from a portfolio of leveraged long and short strategies with a targeted amount of risk. The advisor seeks to achieve a risk target of 7% volatility, a beta and correlation to the S&P 500 index of less than 0.5, as well as a Sharpe Ratio of greater than 0.25. The fund uses derivatives to obtain long and short exposure within the same asset classes.

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    Size
    Average Market Cap $5,418 M
    Market Capitalization Portfolio
    Giant 18.26%
    Large 19.72%
    Medium 37.38%
    Small 18.49%
    Micro 6.16%
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/24/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 10/31/2007 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 1.31% 2.90% — — — -5.16%
    +/- Category -8.84% -11.74% — — — —
    +/- ML USD LIBOR 3 Mon CM — — — — 3.58% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 0.73% -0.74% — — — -5.16%
    Quarter (as of 09/30/2009) 1.65% -2.94% — — — -4.93%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/24/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/24/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 10/31/2007
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    Information 7.97%
    Service 26.67%
    Manufacturing 12.74%

    Asset Allocation

    Short Long Net Assets
    Cash 6.51% 9.43% 2.92%
    Stocks 32.41% 47.96% 15.56%
    Bonds 0.00% 62.21% 62.21%
    Other 0.00% 0.00% 0.00%
    Foreign Stocks
    (as a % of assets)    		 32.41% 2.82% -29.58%
    Data as of 04/30/2009 Data as of 04/30/2009 View Fund Portfolio

    Top 10 Holdings

    Sector P/E Return as of 10/31/2009 Net Assets
    + Goldman Sachs — — — 23.10%
    = US Treasury Bond 3.875% — — — 15.08%
    = US Treasury Note 1.625% — — — 13.05%
    = FHLBA 3.375% — — — 7.92%
    * S&P 500 Index Financial Services — — 5.48%
    = FHLMC 4.625% — — — 4.39%
    * S & P 500 Index — — — 4.34%
    + iShares JPMorgan USD Emerg Markets Bond — — — 4.31%
    + iShares iBoxx $ High Yield Corporate Bd — — — 3.14%
    * S & P 500 Index — — — 2.84%
    + Increase - Decrease = No change * New since last portfolio
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    P/E as of 11/24/2009
    All other data as of 04/30/2009
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 07/31/2009
    Expense Ratio (based on net assets) 2.15%
    Taken from annual report dated 07/31/2009

  • Fund Management

    William E. Flaig Jr.
    Start Date: 10/31/2007
    Flaig joined Arrow Investment Advisors in February of 2007, prior to which (2005--2007) he was a principal of Paladin Asset Management. To Paladin, he brought a body of original research in absolute return factors, which evolved into Paladins corresponding alternative investment strategies. From 2000 to 2005 Flaig served Rydex Investments in portfolio management roles of increasing responsibility, culminating with his appointment as Director of Portfolio Management/Director of Investment Strategy.
    Adrian Bachman
    Start Date: 12/01/2008
    Before joining Arrow Funds in June of 2008 Adrian spent eleven years at Rydex Investments in Rockville, Maryland. As portfolio manager Adrian managed Rydex’s Sector Rotation Fund and several sector funds. During the course of his tenure with Rydex he also aided in the management of numerous other funds including Rydex’s inverse, leveraged and international funds. He holds the Charter Financial Analyst designation.