DWA Tactical Balanced Fund

Untitled Document

Arrow DWA Tactical: Balanced Fund
Tactical Approach for Broad Market Exposure

Investment Strategy
Seeks to achieve an appropriate balance between long-term capital appreciation and capital preservation. The Arrow DWA Tactical: Balanced Fund, previously Arrow DWA Balanced Fund, seeks to achieve its investment objective by implementing a proprietary tactical asset allocation (TAA) model. Based on the technical analysis and relative strength expertise of Dorsey Wright & Associates.

	Ticker	Cusip
Class A	DWAFX	042765404
Class C	DWATX	042765503
Class I	DWANX	042765602

Minimum Investment:

$5,000 non-qualified accounts

$2,000 retirement accounts

$250 subsequent investments

Class I minimum initial investment $1 million

Fund Highlights

Provides broad diversification across sectors,
styles, international countries, fixed income
and alternative assets with ETFs and equities

Gives access to the technical analysis expertise
of Dorsey Wright & Associates

Follows a defined, moderate tactical allocation
strategy

Core strategy with a strict relative strength buy
and sell discipline

Who Should Invest?
Investors seeking:

Diversification and risk management through
tactical asset allocation with strict buy and sell
disciplines

Exposure to alternative or specialty assets
such as commodities and treasury inflation
protected securities

An actively managed alternative to strategic
asset allocation, target maturity and life cycle
funds

A fund managed based on objective technical
indicators that responds to inevitable changes
in the market

Access to a model based on DWA's technical
analysis expertise

Fund Materials

Fact Sheet / Holdings

Prospectus

Summary Prospectus

Fund Strategy Update

Investment Overview
The Dorsey Wright & Associates (DWA) model uses technical analysis to allocate among four market segments: U.S. and International Equities, Fixed Income and Alternative Assets.

Multiple Rotation Strategy Exposure
The four market segments are managed through the use of five underlying rotation strategies. The goal of each rotation strategy is to systematically identify and provide exposure to leading strategy components on an ongoing basis.

Images for illustrative purposes only. Portfolio allocations will vary.

Adaptive to Changing Market Conditions
The Fund seeks to moderately overweight market segments, rotation strategies, and ETFs exhibiting positive relative strength and underweight market segments, rotation strategies, and ETFs exhibiting negative relative strength. In essence, TAA works by reallocating at different times in response to the changing patterns of returns available in the markets. Below is a description of each rotation strategy, including minimum and maximum exposures and targeted number of ETF and equity holdings:

Strategy	Description	Min	Max
Sector Rotation	Seeks to provide sector exposure through individual equities, equally weighted across the top 20% of sub-industries.	7.5%	47.5%
Style Rotation	Seeks to provide exposure to leading U.S. styles (such as size, value and growth).	7.5%	47.5%
International Rotation	Seeks to provide exposure to leading international countries.	10%	40%
Fixed Income Rotation	Seeks to provide exposure to leading fixed income assets.	25%	55%
Alternative Rotation	Seeks to provide exposure to instruments historically non-correlated to equity or fixed income investments.	10%	50%

About Nasdaq Dorsey Wright
Nasdaq Dorsey Wright is a registered investment advisory firm based in Richmond, Virginia. Over the last thirty years, their research platform, SMA/UMA strategies, indexes, and team of analysts has created more informed conversations for advisors, investment managers and their clients. As part of Nasdaq, they continue to help market participants build and protect client wealth, and are one of the largest providers of smart beta indexes in the world (based on assets under management).

Nasdaq Dorsey Wright’s expertise is technical analysis, focusing on the steadfast relationship between supply and demand in the markets. Their Research Platform helps clients see through the day-to-day clutter of market movements and provides a clear understanding of where market strength lies at all times. Dorsey Wright’s objective, logical approach can reduce uncertainty in the market, aid in effectively allocating assets, and enable you to manage risk.

To learn more, please visit business.nasdaq.com/dorsey-wright.

	Ticker	Cusip	Total Fund Expenses	Expense Ratio
Class A	DWAFX	042765404	2.20%	1.85%
Class C	DWATX	042765503	2.95%	2.60%
Class I	DWANX	042765602	1.96%	1.61%

The Arrow DWA Tactical: Balanced Fund may not be suitable for all investors. 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 stablished 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. The maximum sales charge for Class A is 5.75%. Class A investors may be eligible for a reduction in sales charges. The Fund charges a fee of 1.00% on redemptions of shares held less than 30 days.

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