COR US Equity Income Fund

US High Yield Equity

  • Pays 2.5 cents per unit monthly through income-generating investments including MLPs & REITS.
  • Targets high level of income and attractive returns with moderate to high volatility
  • Managed by Steven Sugarman and team at COR Capital LLC

Investment Solutions

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Commentaries

Click a file below to download a commentary for the COR US Equity Income Fund

 

Fund Overview

Objective & Strategy:

The Fund's objective is to generate stable, attractive returns and preserve capital by applying disciplined investment and trading strategies to a portfolio of income generating U.S. yield-oriented securities.

The trading strategies employed are relative value and event-driven in nature. Relative value trades are often constructed as paired long and short positions. Event-driven trades focus on market dislocations, volatility trading, acquisitions, financing or similar events.

The Fund's investment universe is defined as U.S. equity securities with yields greater than the five-year U.S. Treasury bond including, Real Estate Investment Trusts ("REITs"), Master Limited Partnerships (MLPs), Energy Trusts, Utilities, etc. Interest rate and commodity price exposure will be mitigated though offsetting hedges.

The Fund Pays a monthly distribution:

CAD Class 2.5¢/unit
USD Class 3.0¢/unit

Ideal for:

This Fund is ideal for investors seeking a higher income alternative than treasuries on dividend-paying stocks. The Fund is currency-hedged and allows Canadian investors to diversify into U.S. yield-oriented securities with less volatility than U.S. equity indices.

The Fund is designed for long-term investors seeking higher returns with commensurate levels of market volatility.

Fund Performance

The Fund’s investment objective is to generate stable, attractive returns and preserve capital by applying disciplined investment and trading strategies to a portfolio of income generating U.S. equity securities.


Historical Performance as of April 30, 2012

YearJanFebMarAprMayJunJulAugSepOctNovDecYear
20125.3%3.0%-0.5%-0.7%7.2%
20111.2%4.4%-2.2%0.7%-0.9%1.1%0.9%-1.6%-4.3%3.1%-2.0%-0.3%-0.1%
20101.0%-6.2%-2.8%1.0%-0.5%6.2%7.6%-3.4%-2.1%3.7%0.2%4.1%8.1%
200922.4%-5.9%5.8%13.2%8.3%1.5%8.6%-5.6%5.2%0.8%0.8%-0.5%65.3%
2008-10.0%-4.3%-10.8%6.2%2.9%-9.4%-5.1%-2.4%-19.0%0.7%-32.2%-13.2%-66.2%
20076.2%4.7%2.0%1.4%-1.1%-7.1%-4.8%1.8%-2.7%0.6%0.4%

The COR U.S. Equity Income Fund was formerly called the Arrow US Equity Income Fund.

Source: Arrow Capital Management Inc./Pertrac, 2011.

Investment Details

 
Fund Code FE 'A' Class AHP250
Fund Code FE 'F' Class AHP258
Fund Code FE USD 'A' Class AHP256
Management Fee 2.5%
Incentive Fee/Allocation 20%
Purchases Weekly
Redemptions Monthly with 10 business days notice
Prime Broker Morgan Stanley & Co
Auditor PriceWaterhouseCoopers
Administrator: RBC Dexia
^ Minimum Investment for accredited investors $25,000
^ Minimum Investment with a Risk Acknowledgement Form (For residents of BC, Newfoundland and Labrador, New Brunswick, and Nova Scotia), $25,000

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