ArrowShares – Our Exchange Traded Solutions For information about our Mutual Fund Solutions, click here. ArrowShares is the exchange traded product line of Arrow Funds. Our mission is to provide exchange traded investments using Smart Beta SolutionsTM strategies that seek to enhance returns, mitigate risk and target new opportunities for the ever-changing global market environment.

Active Solutions Arrow DWA Tactical ETF (DWAT) Provides access to a tactical global macro strategy Exposure to U.S. and international equities, with global exposure to fixed income,        commodities and currencies Core strategy with a strict relative strength buy and sell discipline Access to the technical analysis expertise of Dorsey Wright & Associates (DWA) Arrow Reserve Capital Management ETF (ARCM) Conservative ultra short-term fixed income strategy Designed to provide an alternative to low yielding money market and non-yielding         cash positions Sub-advised by Halyard Asset Management, LLC Smart Beta Solutions™ Arrow Dow Jones Global Yield ETF (GYLD) Provides global exposure to traditional and alternative sources of yield Equal-weighted to reduce over-exposure to individual securities, as typically experienced by        cap-weighted indexes Index methodology follows a strict screening process with quarterly rebalancing Arrow QVM Equity Factor ETF (QVM) Core equity strategy with a strict buy and sell discipline based on multiple investment factors Equal-weighted to reduce over-exposure to individual securities, as often displayed by      cap-weighted indexes Access to an index strategy based on distinct equity market factors: quality,       value and momentum Arrow DWA Country Rotation ETF (DWCR) Global Growth- momentum focus Diversification tool for traditional international portfolios (Compliments value and         Cap-weighted) May be negatively correlated within and across countries Arrow DOGS of the World ETF (DOGS) Global Value- mean reversion focus May provide low correlation to domestic equity market Diversification tool for traditional international portfolios (Growth and Cap-weighted) Unique approach to international equity investing May be negatively correlated within and across countries AD-112917