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Arrow DJ Global Yield ETF (GYLD)
Prospectus
Summary Prospectus
Fact Sheet
SAI
Annual Report
Semi-Annual Report
Global Yield Investing
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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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as of 08/16/2019
Product NameTickerNAVMarket Price
(Bid/Ask Midpoint)*
Expense RatioFact Sheet
Arrow Dow Jones Global Yield ETFGYLD$15.36$15.190.75%N/A
Arrow DWA Tactical ETFDWAT$11.14$11.071.70%N/A
Arrow QVM Equity Factor ETFQVM$26.29$26.300.65%N/A
Arrow Reserve Capital Management ETFARCM$100.20$100.210.42%N/A
Arrow Dogs of the World ETFDOGS$41.47$41.491.64%N/A
Arrow DWA Country Rotation ETFDWCR$25.71$25.751.34%N/A

*Bid/Ask Midpoint as of market close 4:00 p.m. ET.

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.