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Arrow Managed Futures Strategy Fund
Fact Sheet
Fund Holdings

Summary Prospectus
Class A & C
Class I

 

 

Ticker Symbols:

Class A

MFTFX

Class C

MFTTX

Class I

MFTNX

CUSIP Numbers:

Class A

042765875

Class C

042765867

Class I

042765859

Minimum Investment:

· $5,000 non-qualified accounts

· $2,000 Retirement accounts

· $250 subsequent investments

· Class I minimum initial investment $1 million

Operating Expenses*:

Class A

1.67%

Class C

2.42%

Class I

1.42%

*Plus acquired fund fees and short interest of 0.04%. When combined, the total fund expenses are 1.71%, 2.46% and 1.46%, respectively.

Fund Type:
Managed Futures Beta

Benchmark:

A.I. Managed Futures Volatility Index (AIMFV)
A systematic, quantitative index of multiple components that serve as a proxy for exposures to economic sectors related to financial, commodity and volatility futures.


Definitions:
Volatility is a measure of fluctuations based on annualized standard deviation of monthly returns. Correlation is similarity in performance movement between two investments. Beta is the statistical measurement of an investment's return attributed to that of a financial market as a whole.

The Arrow Managed Futures Strategy Fund may not be suitable for all investors. The fund may not replicate the exact performance of the benchmark because of fees, expenses, transaction costs and portfolio tracking error of the underlying investments. The fund's use of short selling involves increased risks and additional costs. The fund may invest in commodity- and currency-related securities, which may be subject to greater volatility than investments in traditional securities. The fund may invest in fixed income securities, which are subject to risks including interest rate, credit, inflation and counterparty risks. The use of derivatives such as futures, options and swap agreements may expose the fund to additional risks that it would not be subject to if it invested directly in the underlying securities. The fund may invest in international and emerging market securities which may be subject to special risks including currency fluctuation, government regulation, differences in accounting standards and liquidity. Investing in leveraged instruments will magnify any gains or losses on those instruments. The maximum sales charge for Arrow's Class A is 5.75%. Class A investors may be eligible for a reduction in sales charges. The fund charges a fee of 1.00% on redemptions of shares held less than 30 days.

0168-NLD-1/13/2014

 

Investment Strategy
The fund seeks to provide investment results that match the performance of a managed futures index benchmark.

Portfolio Manager


Arrow Funds

Fund Highlights

  • An alternative to "long-only" commodity funds
  • Historically low correlation to traditional assets such as stocks and bonds
  • An alternative to illiquid managed futures or CTA funds

Fund Overview
Arrow Managed Futures Strategy Fund is a mutual fund that seeks to provide exposure to the global futures market by targeting the returns of the A.I. Managed Futures Volatility Index (AIMFV). With the ability to go long or short, the fund attempts to capture the economic benefit derived from sustained trends (either rising or declining) across multiple futures markets.

Benchmark Analysis
Index Exposure: The fund's benchmark consist of the A.I. Managed Futures Volatility Index (AIMFV). The A.I. Managed Futures Volatity Index (AIMFV) is a rules based index for measuring trends in the futures market.

The A.I. Managed Futures Volatility Index (AIMFV) is a long/short/flat diversified managed futures index. The AIMFV is a systematic and quantitative-based index of numerous components that serve as a proxy for exposures to economic sectors related to financial instruments, commodity markets and volatility futures. This exposure is complimented with innovative overlays that account for seasonality and efficiency at the individual component level. All of the AIMFV components (inlcuding energies) may be positioned as long, short or flat (neutral/cash). If a flat position is determined, the index allocates to cash at the component weighting percentage.

The fund seeks to replicate the exposure of the benchmark, as the index is unmanaged and is not available for direct investment. The Arrow Managed Futures Strategy Fund provides exposure to the following:

Commodities Financials Other
Energy Industrial Metals Precious Metals Livestock Grains Softs Infrastructure Currencies Interest Rates Volatility
Heating Oil

Crude Oil

Gasoline

Natural Gas
Copper Gold

Platinum

Silver
Live Cattle Corn

Soybean

Wheat
Cocoa

Coffee

Cotton

Sugar
Lumber Australian Dollar

Canadian Dollar

Euro

Japanese Yen
U.S. 2-Year Note

U.S. 10-Year Note
S&P 500 Volatility Index (VIX)
 
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Before investing, please read the prospectus and shareholder reports to learn about the investment strategy and potential risks. Mutual fund 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 or by clicking here. Please read the prospectus carefully before investing. Arrow Funds are distributed by Archer Distributors, LLC (member FINRA).

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