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Arrow DWA Tactical ETF (DWAT)
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Arrow DWA Tactical ETF may not be suitable for all investors. Exchange traded products are bought and sold at market price, not NAV, and are not individually redeemed from the fund. Buying and selling shares generally results in brokerage commissions which will reduce returns. The market price may be higher (premium) or lower (discount) than the Net Asset Value (NAV). The fund may invest in commodity-related securities, which may be subject to greater volatility than investments in traditional securities. The fund may invest in international and emerging market securities, which may be subject to special risks including fluctuations in currency, government regulation, differences in accounting standards and liquidity. Investing in small-cap securities may have special risks, including wider variations in earnings and business prospects than larger, more established companies. The fund may invest in real estate-related securities, which may be subject to mortgage-related risks and real estate market fluctuations. The fund may invest in fixed income securities, which are subject to risks including interest rate, credit and inflation.



















































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Arrow DWA Tactical ETF
  • Overview
  • Performance
  • Holdings
  • Distributions
  • Premium/Discount
 

Arrow DWA Tactical ETF
A Systematic RS Global Macro Strategy
Investment Strategy
Seeks long term capital appreciation with capital preservation as a secondary objective. The Fund seeks to achieve its investment objective by implementing a proprietary Relative Strength (RS) Global Macro model developed by Dorsey Wright & Associates (DWA). Based on the technical analysis and relative strength expertise of Dorsey Wright & Associates.
Fund Highlights
  • Provides access to a tactical global macro strategy
         using long and inverse exposure to U.S. and      international stocks with global exposure to fixed      income, commodities and currencies
  • Gives access to the technical analysis expertise of      Dorsey Wright & Associates
  • Core strategy with a strict relative strength buy
         and sell discipline
  • Who Should Invest?
  • Designed for investors who have an investment time horizon of at least five years
  • A fund that has flexibility to narrow its focus by investing among a wide range of global asset classes,
         rotation strategies and ETFs
  • An actively managed alternative to strategic asset allocation funds, target maturity funds and life cycle funds
         that fall into the tactical global macro category
  • Investment Overview
    Based on the DWA RS Global Macro investment model, the Arrow DWA Tactical ETF uses a systematic process to continuously seek relative strength across multiple global markets. Using a strict buy/sell discipline, the Fund accesses the global market segments primarily through the use of Exchange Traded Funds (ETFs).

    Market Segment Description Min Max
    Equities Provides long/short exposure to domestic, international and emerging market equities. Short (or inverse) exposure will generally not exceed an allocation of 30%. 0% 100%
    Fixed Income Provides exposure to domestic, international, and emerging fixed income markets, including corporate, government, and agency bonds. 0% 100%
    Alternatives Includes global exposure to real estate, currencies, and commodities. Allocations will generally not exceed 30% for each of these individual alternative strategies. 0% 90%
    Multiple Global Asset Exposure
    With fewer constraints, Global Macro strategies are able to pursue a targeted investing style. The goal of the Fund is to systematically identify and provide exposure to leading global market strategies. The following table highlights the global macro strategies that are monitored within the three market segments.

    Equities Fixed Income
    Alternatives
    U.S. Style Rotation
    U.S. Sector Rotation
    International Rotation
    Global Dividend
    Global Alpha
    Global Inverse
    Global Inflation
    U.S. Treasury Rotation
    Global Income
    Commodity Rotation
    Currency Rotation
    Global REIT

    The fund may use futures to provide exposure to these strategies.

    Profile Market Data as of 12/14/2017
    Symbol DWAT NAV Price $11.79
    Exchange NASDAQ OMX NAV Price Change $-0.08
    Inception Date 10/01/2014 Market Price¹ $11.81
    Cusip 042765792 Market Price Change $-0.06
    Expense Ratio² 1.72% Premium/Discount 0.02
    IOPV Ticker DWAT.IV Shares Outstanding 700,000
        Volume 526
      Total Net Assets $8,253,000.00
    *Holdings are subject to change. Holdings and percent of assets are based on security assets only, not including cash or receivables (unpaid interest and dividends).

    ¹Bid/Ask Midpoint as of market close.

    ²Total operating expenses (management fee and other expenses) are capped at 1.40% by a contractual waiver effective through 11/30/2018, subject to cap removal by Board approval upon 60 days notice. Before the fee cap, management fees are 1.00% and other expenses are 0.78% (fee waiver -0.38%). With acquired fund expenses of 0.32% and an operating fee cap of 1.40%, total fund expenses are 1.72% after fee waiver (2.10% total annual fund operating expense before waiver). Acquired fund fees will vary depending on the underlying investments and are not a direct expense of the fund.

    Past performance is no guarantee of future results. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost.

    ArrowShares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

    Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET when NAV is normally determined for most ArrowShares, and do not represent the returns you would receive if you traded shares at other times.

    Glossary of Terms

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    Before investing, please read the prospectus and shareholder reports to learn about the investment strategy and potential risks. Investing involves risk including loss of principal. An investor should also consider the investment objective, charges, expenses, and risk carefully before investing. This and other information is contained in the prospectus, which can be obtained by calling 1-877-277-6933. Please read the prospectus carefully before investing. Content reviewed by an affiliate, Archer Distributors, LLC (member FINRA).

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