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Arrow Reserve Capital Management ETF (ARCM)
Prospectus
Summary Prospectus
Fact Sheet
SAI
Annual Report
Semi-Annual Report

The Arrow Reserve Capital Management ETF may not be suitable for all investors. New funds have a limited performance record. 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’s portfolio may underperform its benchmark and/or other asset classes. The fund’s use of fixed income securities is subject to risks including interest rate, credit, prepayment, issuer-specific, regulatory and inflation. The fund’s use of derivatives such as futures, options and swap agreements may expose the fund to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives. The fund’s use of asset-backed and mortgage-backed securities are subject to risks including non-payment of borrows resulting the potential for under collateralized debt valuations and payments. This fund is not a money market.




































































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as of 01/22/2019
Product NameTickerNAVMarket Price
(Bid/Ask Midpoint)*
Expense RatioFact Sheet
Arrow Dow Jones Global Yield ETFGYLD$16.39$16.280.75%N/A
Arrow DWA Tactical ETFDWAT$10.23$10.191.70%N/A
Arrow QVM Equity Factor ETFQVM$25.85$25.740.65%N/A
Arrow Reserve Capital Management ETFARCM$100.00$99.950.42%N/A
Arrow Dogs of the World ETFDOGS$49.61$49.512.04%N/A
Arrow DWA Country Rotation ETFDWCR$26.15$25.961.34%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.

2019 © Arrow Investment Advisors

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Before investing, please read the prospectus and shareholder reports to learn about the investment strategy and potential risks. Investing involves risk including loss of principal. An investor should also consider the investment objective, charges, expenses, and risk carefully before investing. This and other information is contained in the prospectus, which can be obtained by calling 1-877-277-6933. Please read the prospectus carefully before investing. Content reviewed by an affiliate, Archer Distributors, LLC.

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