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Arrow EC Income Advantage Alternative Fund
RATE (Arrow EC Income Advantage Alternative Fund) is an active Canadian Dividend Equity ETF by Arrow. With a 0.95% MER, it provides diversified exposure. Monthly distribution with a 4.65% yield.
RATE is actively managed by Arrow's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 0.95% MER reflects the costs of a more specialized management approach. It pays a monthly distribution with a 4.65% yield, making it attractive for income-seeking investors.
This ETF suits investors who prioritize regular dividend income. It is often held in a TFSA to receive distributions tax-free.