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

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

  • 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)
  • GYLDpie082820.png

    Composition based on target rebalance weights, subject to change with market fluctuation.
    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 9/30/2023 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.

    ETF Materials

    Fact Sheet


    Summary Prospectus

    Global Yield Investing Brochure
    Profile Market Data as of 12/07/2023
    Symbol GYLD NAV Price $13.07
    Exchange NYSE Arca NAV Price Change $0.05
    Inception Date 05/08/2012 Market Price¹ $12.93
    Cusip 04273H104 Market Price Change $0.13
    Related Index Dow Jones Global Composite Yield Total Return Index Premium/Discount -0.14
    Expense Ratio 0.75% Shares Outstanding 1,650,000
    IOPV Ticker GYLD.IV Volume 2,402
    Related Index Ticker DJGYLDT Total Net Assets $21,565,500.00
    Category Exposure* as of 12/07/2023 Analytics  
    Global Alternative 30-Day SEC Yield² 10.10%
    Global Corporate Debt Distribution Rate² 7.38%
    Global Equity View all distributions
    Global Real Estate
    Global Sovereign Debt
    View all holdings
     30-Day Median Bid-Ask Spread33.79%

    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.

    *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.

    2SEC Yield and Distribution Rate calculations are based on most recent Ex-Date, 11/16/2023. 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.

    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.

    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.

    Glossary of Terms