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Dynamic Income Fund
Prospectus
Summary Prospectus
Fact Sheet
Analytics & Distributions
Market Environments
Market Volatility
Intro to Alternative Fixed Income
Fund Holdings
Performance

Ticker Symbols:

Class A

ASFFX

Class C

ASFTX

Class I

ASFNX

CUSIP Numbers:

Class A

042765107

Class C

042765206

Class I

042765305

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 A1.80%2.02%
Class C2.50%2.77%
Class I1.50%1.77%

*Plus acquired fund fees of 0.27%.

Fund Type:
Nontraditional Bond

Definitions:
Standard deviation is a statistical measurement of volatility based on historical returns.

Correlation measures how closely two securities' movements are associated, ranging from 1.0 (highly correlated) to -1.0 (inversely correlated).

Absolute Returns are generally positive returns in any market environment. There is no guarantee that any investment will achieve this objective.


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Analytics & Distributions
Analytics - 30-day
SEC Yield1 		 Distribution Rate1
Class A 0.44%6.39%
Class C 0.31% 6.41%
Class I 0.66%6.96%










1SEC Yield and Distribution Rate calculations are based on most recent Ex-Date. 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. The most recent distribution information can be found by clicking here.

Dynamic Income Fund Distributions

IRS Circular 230 Disclosure: Arrow Investment Advisors and its affiliates do not provide legal, accounting, or tax advice. To the extent that this message, or any attachment, concerns tax matters, it is not intended to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Investors should consult a tax professional regarding their individual tax circumstances.

The distribution data provided on the website is for informational purposes only, subject to change/revision, and should not be used for tax reporting purposes. Final distribution information will be reported to shareholders of record at the close of each year on a 1099-DIV form.




























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