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Arrow DJ Global Yield ETF (GYLD)
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Annual Report
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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.


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Arrow Dow Jones Global Yield ETF
  • Overview
  • Performance
  • Holdings
  • Distributions
  • Premium/Discount

The Arrow Dow Jones Global Yield ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones Global Composite Yield Index.
Profile Market Data as of 11/21/2017
Symbol GYLD NAV Price $18.01
Exchange NYSE Arca NAV Price Change $0.03
Inception Date 05/08/2012 Market Price¹ $17.87
Cusip 04273H104 Market Price Change $-0.06
Related Index Dow Jones Global Composite Yield Total Return Index Premium/Discount -0.14
Expense Ratio 0.75% Shares Outstanding 5,025,000
IOPV Ticker GYLD.IV Volume 25,573
Related Index Ticker DJGYLDT Total Net Assets $90,500,250.00
Category Exposure* as of 11/21/2017 Analytics  
Global Alternative 19.50% 30-Day SEC Yield² 7.88%
Global Corporate Debt 19.75% Distribution Rate² 6.80%
Global Equity 19.89% View all distributions
Global Real Estate 20.55%
Global Sovereign Debt 20.30%
View all holdings
*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.

²SEC Yield and Distribution Rate calculations are based on most recent Ex-Date. Distribution Rate reflects the total distributions over the previous 12 months. SEC Yield and Distribution Rate may include income, dividends, return of capital, or other distributions that are not considered short-term or long-term capital gains. 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.

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.

The Dow Jones Global Composite Yield IndexSM is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Arrow Investment Advisors, LLC (“AIA”).  Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); “Dow Jones”, Dow Jones Global Composite Yield IndexSM and “Dow Jones Indexes” are trademarks of the Dow Jones Trademark Holdings LLC; and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by AIA. AIA’s affiliate ArrowShares is the exchange traded product line of Arrow Funds.  These Funds are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the Dow Jones Global Composite Yield IndexSM.

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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).