The Arrow Dow Jones Global Yield ETF may not be suitable for all investors. The fund may not replicate the exact performance of the benchmark because of fees, expenses, trading costs and portfolio tracking error. 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. Fixed income securities may be subject to risks associated with interest rate fluctuations. International investments may involve additional risks, including, but not limited to, currency fluctuation, accounting methods, and geopolitical instability. Emerging markets involve heightened risks related to the same factors as well as increased volatility and potentially lower trading volume. Changes in laws, domestically or abroad, could result in the inability of the fund to operate as described in the prospectus. Narrowly focused investments may be subject to higher volatility. High yielding stocks and non-investment grade bonds are often higher risk investments which may be subject to greater volatility. Master Limited Partnerships (MLPs) and Royalty Investment Trusts (RITs) have specific risks, including, among others, limited voting rights, energy demand, limited call rights of the general partner, and tax law changes. In order to qualify for the tax treatment of a regulated investment company (RIC) the fund’s exposure to MLPs can not exceed 25%, or may be subject to corporate taxes which would reduce performance. Investments in securities of real estate companies involves risks including, among others, adverse changes in real estate conditions domestically or abroad, availability or obsolescence of properties, cost and terms of mortgages, and changes of laws.
Arrow Dow Jones Global Yield ETF Global Multi-Asset Equally-Weighted Strategy
Investment Strategy Seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones Global Composite Yield IndexSM. The Dow Jones Global Composite Yield Index is a multi-asset class composite index comprised of equally weighted exposure across five global yield categories.
Fund Highlights
Provides global exposure to traditional and alternative sources of yield
Equal-weighted to reduce over-exposure to individual securities, as typically experienced by cap-weighted indexes
Index methodology follows a strict screening process with quarterly rebalancing
Composition based on target rebalance weights, subject to change with market fluctuation.
Dow Jones Global Composite Yield Index
Equally weighted across five sub-indexes with a 20% allocation to each basket
Equally weighted with 30 holdings in each basket (150 total holdings)
Targeting Yield: The Dow Jones Global Composite Yield Index sources its yield from equally weighted exposure to five sub-indexes. Three of the sub-indexes are equity-based and reflect dividend distributions. The equity index baskets provide global exposure to corporate stocks, real estate, and alternative assets through energy-related preferred stocks, Master Limited Partnerships (MLPs) and Canadian Royalty Trusts (CRTs). The other two sub-indexes are comprised of global corporate and government fixed income securities and generate yield from the interest payments of the underlying bonds.
Past performance is not indicative of future results. 12-Month Composite Yield is as of 6/30/2018 and is based on the average yield of the five sub-categories from the most recent 12-month period and is subject to change. Indexes are unmanaged, do not include fees and are not available for direct investment.
Profile
Market Data
as of 10/15/2018
Symbol
GYLD
NAV Price
$17.03
Exchange
NYSE Arca
NAV Price Change
$0.04
Inception Date
05/08/2012
Market Price¹
$16.39
Cusip
04273H104
Market Price Change
$-0.24
Related Index
Dow Jones Global Composite Yield Total Return Index
*Income/Other and Total Distribution may include income, dividends, return of capital, or other forms of payment. Return of capital is considered a return of the investment principal and is not derived from net profits.
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.
Past distributions are not indicative of future distributions. There is no guarantee a distribution will occur. Shares of funds are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns.
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.
