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Summary Prospectus
Class A & C
Class I

About Dorsey Wright



Ticker Symbols:

Class A


Class C


Class I


CUSIP Numbers:

Class A


Class C


Class I


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


Class C


Class I


*Plus acquired fund fees of 0.30% (when combined, the total fund expenses are 1.95%, 2.70% and 1.70%, respectively).

Benchmark Comparison: Dow Jones Moderately Aggressive Portfolio Index

A global asset allocation benchmark where 80% of the benchmark is represented by nine Dow Jones equity indexes and 20% is represented by five Barclays fixed income indexes. The indexes are unmanaged, do not include fees and are not available for investment.

This fund may not be suitable for all investors. 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. The Fund's 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 securities underlying those derivatives. The Fund's use of short selling involves increased risks and additional costs. The Fund may invest in small-cap securities, which may have special risks associated 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. The Fund is nondiversified due to a limited number of underlying funds held. Therefore, each holding has the potential for a greater impact on the Fund's return. However, the underlying funds have access to a large number of investments providing additional diversification benefits as discussed in the prospectus. Diversification does not assure a profit or protect against loss in a declining market. The maximum sales charge for 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.


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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).