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Arrow DWA Tactical ETF (DWAT)
Prospectus
Summary Prospectus
Fact Sheet
SAI
Annual Report
Semi-Annual Report

Arrow DWA Tactical 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.



































































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as of 09/16/2019
Product NameTickerNAVMarket Price
(Bid/Ask Midpoint)*
Expense RatioFact Sheet
Arrow Dow Jones Global Yield ETFGYLD$16.21$16.000.75%N/A
Arrow DWA Tactical ETFDWAT$11.34$11.211.70%N/A
Arrow QVM Equity Factor ETFQVM$27.98$27.920.65%N/A
Arrow Reserve Capital Management ETFARCM$100.20$100.130.42%N/A
Arrow Dogs of the World ETFDOGS$43.42$43.211.64%N/A
Arrow DWA Country Rotation ETFDWCR$26.67$25.981.34%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.