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

ETF-BlueCircles-DWAT-032421.jpg Arrow DWA Tactical: Macro 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

  • ETF Materials

    Fact Sheet / Prospectus

    Fund Presentation

    Summary Prospectus

    Arrow DWA Tactical: Macro Fund
    Investment Overview
    Based on the DWA RS Global Macro investment model, the Arrow DWA Tactical: Macro ETF, previously 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
    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 03/17/2023
    Symbol DWAT NAV Price $9.46
    Exchange CBOE NAV Price Change $-9.00
    Inception Date 10/01/2014 Market Price¹ $9.47
    Cusip 042765792 Market Price Change $-0.11
    Net Expense Ratio² 1.66% Premium/Discount 1.39
    IOPV Ticker DWAT.IV Shares Outstanding 300,000
        Volume 3
      Total Net Assets $2,838,000.00
     30-Day Median Bid-Ask Spread30.86%
     Gross Expense Ratio22.70%

    Arrow DWA Tactical: Macro 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.

    *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).

    1Market Price as of market close.

    2Total operating expenses (management fee and other expenses) are capped at 1.40% by a contractual waiver effective through 4/30/2023, subject to cap removal by Board approval upon 60 days notice. Before the fee cap, management fees are 0.90% and other expenses are 2.70% (fee waiver -2.20%). With acquired fund expenses of 0.29% and an operating fee cap of 1.40%, total fund expenses are 1.69%. Acquired fund fees will vary depending on the underlying investments and are not a direct expense of the fund.

    3Data shown as of previous business day.

    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 price returns are based upon the official closing price of the ETF share at market close, and do not represent the returns you would receive if you traded shares at other times.

    Glossary of Terms