Arrow DWA Balanced Fund
Summary Prospectus
Fact Sheet
Fund Strategy Update
Fund Holdings

Ticker Symbols:

Class A


Class C


Class I


CUSIP Numbers:

Class A


Class C


Class I


Minimum Investment:

• $5,000 non-qualified accounts

• $2,000 retirement accounts

• $250 subsequent investments

• Class I minimum initial investment $1 million

Operating Expenses*Total Fund Expenses
Class A1.73%1.80%
Class C2.48%2.55%
Class I1.48%1.55%

*Plus acquired fund fees of 0.07%.


Untitled Document
BAL70px.jpg Arrow DWA 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 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.
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
  • 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
  • Access to a model based on DWA's technical analysis expertise
  • Arrow Funds CEO Joe Barrato Discusses How Much Investors Should
    Allocate to International Equities on NASDAQ's Trade Talks.

    Interview originally recorded on January 23, 2018. By clicking on or copying the link above you will be leaving the Arrow Funds site and entering a third party site. Arrow Funds is not responsible for any information contained on these third party sites. Opinions expressed are subject to change at any time, are not guaranteed and should not be considered investment advice.
    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%
    The Arrow DWA 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.