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A Tactical Leader


Arrow DWA Tactical: Macro Fund Class I (DWTNX)
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Past performance does not guarantee future results. For periods less than one year, performance is not annualized. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please call 1-877-277-6933. The Fund charges a fee of 1.00% on redemptions of shares held less than 30 days. The total fund expenses for Class I is 1.77%. Inception date for Class I is 3/21/2012. Source: Morningstar. Morningstar proprietary ratings reflect total return performance through March 31, 2022. The ratings are subject to change every month. The top 10% of the funds in a rating universe receive 5-stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. To view the most recent DWA Tactical: Macro Fund performance data, click here.



Not One Fund

Arrow’s DWA: Tactical "Global" Macro Fund outperformed all Funds for these combined performance periods (YTD, 1-Year, 3-Year, 5-Year and 10-Year) among these categories (796 funds total).

  • Tactical Allocation 

  • Macro Trading (Global Macro) 

  • Multistrategy 

  • World Allocation 

  • Allocation (All Categories)
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Past performance does not guarantee future results. For more information on the ranking and Morningstar categories, see additional disclosure below. Data Source: Morningstar, as of March 31, 2022, calculated by Arrow. Risk defined in disclosure below.
Global Macro

The Arrow DWA Tactical: Macro Fund (formerly Arrow DWA Tactical Fund) is based on the DWA RS Global Macro investment model. It is available in Mutual Fund (DWTNX) and ETF (DWAT) share classes.

Both structures use a systematic process as they seek to find the strongest performers across multiple global markets.
 


Online Brokers
NYSE: DWAT as well as the mutual fund counterparts:
DWTFX (Class A), DWTTX (Class C), and DWTNX (Class I) of the DWA Tactical: Macro Fund can be found through your financial advisor or at most leading online brokers.

InteractiveBrokers ETrade CharlesSchwab
TDAmeritrade TradeStation
robinhood300.pngFidelity Vanguard


Trademarks and names are the property of their respective owners and do not imply any endorsement of Arrow Funds and its affiliates. By clicking on or copying any of the links 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.

Why Global Macro? 

An investment approach that systematically identifies and provides exposure to leading global market strategies and may hedge risk for prolonged market drawdowns.

Flexibility to shift its allocations.

Improve portfolio diversification.

Complement other asset classes over time.
Discipline to Pass the Baton 

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Hypothetical, for illustrative purposes only.


AdaptivePortfolio-LeftAxis.jpgTW-022821F_1.gifAdaptive Portfolio

Active tactical asset allocation mandate that is flexible and responsive to global trends.

Ability to go anywhere among its tactical models to adapt and source returns.



Tactical Models:
  • Equity: U.S. style and sector rotation 

  • International: global dividend, global alpha, global inverse

  • Fixed Income: global inflation, U.S. treasury rotation, global income 

  • Alternative: commodity and currency rotation, global REIT


The graph illustrates the fund’s exposure to each market segment and model used. (i.e. as of 2/28/2022: Equity 40.5%, International 9.3%, Alternative 50.2%, Fixed 0% & 5 tactical models)
Past performance does not guarantee future results. Data source: calculated by Arrow, data from October 2010 through February 2022.

Leverage Dorsey Wright

Arrow Funds has been offering unique solutions with DWA since 2007.

Arrow applies the disciplined capabilities of DWA research by employing a rules based buy and sell discipline.

This approach helps identify market leadership.
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Make Your Static Portfolio More Adaptive

Adapt to enhance returns with a tactical strategy that is constantly looking for market opportunities.

Help mitigate risk with a tactical strategy that may bring true diversification to a sleepy portfolio.
Take Off With a Tactical Investment Approach
  • Top Tier Manager with strong track record.
  • Markets are increasingly impacted by political events, central bank policies, and regional crises from around the world.
  • Do you have tactical flexibility in your portfolio?
  • Arrow Funds has disciplined capabilities steeped in experience.
  • The DWA Tactical: Macro Fund could be a diversifying component in certain portfolios.

Arrow DWA Tactical: Macro Fund
vs. Endowment Benchmarks





DWA Tactical: Macro Fund (SC) is the DWA Tactical: Macro Fund since the strategy change. The Strategy change was effective on August 3, 2009. The return for DWA Tactical: Macro Fund Since Change is a combination of DWATX (Class A) from August 3, 2009 to March 31, 2012 and DWTNX (Class I) from April 1, 2012 to the current period. Index returns assume reinvestment of dividends, but do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and are not available for direct investment. Categories display the returns of current US funds in the category during the time period shown, subject to survivorship and/or re-categorization. Source: Morningstar, calculated by Arrow. Past performance does not guarantee future results. For periods less than one year, performance is not annualized. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please call 1-877-277-6933. The maximum sales charge for Class A is 5.75% and 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. The total fund expenses are Class A 2.02%, Class C 2.77% and Class I 1.77%. (SI) Since Inception date for Class A and Class C is 5/30/08; Class I 3/21/12. Risk measures the degree of volatility of returns around the average return. Maximum Drawdown (Max DD) is defined as the percent of drawdown (losing period) from a peak to a low. To view the most recent performance data, visit Arrow Fund's website here.



Categories are based on Morningstar category data. Category returns assume reinvestment of dividends and are net of management fees, transaction costs or expenses. The number of funds in a category will vary, subject to survivorship bias from fund closure and recategorization. The driving principles behind the Morningstar classification system is categories have enough constituents to form the basis for reasonable peer group comparisons and portfolios within a category invest in similar types of securities. The distinctions between categories are meaningful to investors and assist in their pursuit of investing goals. Here is a breakdown of each category. "Not One Fund" ranking used the all the ETFs and the oldest Mutual Fund share class for the following categories listed: Tactical Allocation funds seek to provide capital appreciation and income by actively shifting allocations across investments. These portfolios have material shifts across equity regions, and bond sectors on a frequent basis. To qualify for the tactical allocation category, the fund must have minimum exposures of 10% in bonds and 20% in equity. Next, the fund must historically demonstrate material shifts in sector or regional allocations either through a gradual shift over three years or through a series of material shifts on a quarterly basis. Within a three- year period, typically the average quarterly changes between equity regions and bond sectors exceeds 15% or the difference between the maximum and minimum exposure to a single equity region or bond sector exceeds 50%. Macro Trading (Global Macro) are funds using either systematic or discretionary methods, look for investment opportunities by studying such factors as the global economy, government policies, interest rates, inflation, and market trends. As opportunists, these funds are not restricted by asset class and may invest across such disparate assets as global equities, bonds, currencies, and commodities, and make extensive use of derivatives. Although these strategies aim to provide returns that are not correlated to traditional market indexes over a full market cycle, they can take significant directional long or short positions on any asset class over short periods and may have relatively high portfolio turnover. Multistrategy are funds that offer investors exposure to two or more alternative investment strategies, as defined by Morningstar’s alternative category classifications, through either a single-manager or multi-manager approach. Funds in this category typically have a majority of their assets exposed to alternative strategies, but at a minimum, alternatives must comprise greater than 30% of the strategy’s gross exposure. The category includes funds with static allocations to alternative strategies as well as those that tactically adjust their exposure to different alternative strategies and asset classes. World Allocation are funds that seek to provide both capital appreciation and income by investing in three major areas: stocks, bonds, and cash. While these portfolios do explore the whole world, most of them focus on the U.S., Canada, Japan, and the larger markets in Europe. It is rare for such portfolios to invest more than 10% of their assets in emerging markets. These portfolios typically have at least 10% of assets in bonds, less than 70% of assets in stocks, and at least 40% of assets in non-U.S. stocks or bonds. The following are Allocation (all Categories): Allocation—15% to 30% Equity Funds in allocation categories seek to provide both income and capital appreciation by investing in multiple asset classes, including stocks, bonds, and cash. These portfolios are dominated by domestic holdings and have equity exposures between 15% and 30%. Allocation—30% to 50% Equity Funds in allocation categories seek to provide both income and capital appreciation by investing in multiple asset classes, including stocks, bonds, and cash. These portfolios are dominated by domestic holdings and have equity exposures between 30% and 50%. Allocation—50% to 70% Equity Funds in allocation categories seek to provide both income and capital appreciation by investing in multiple asset classes, including stocks, bonds, and cash. These portfolios are dominated by domestic holdings and have equity exposures between 50% and 70%. Allocation—70% to 85% Equity. Funds in allocation categories seek to provide both income and capital appreciation by investing in multiple asset classes, including stocks, bonds, and cash. These portfolios are dominated by domestic holdings and have equity exposures between 70% and 85%. Allocation—85%+ Equity Funds in allocation categories seek to provide both income and capital appreciation by investing in multiple asset classes, including stocks, bonds, and cash. These portfolios are dominated by domestic holdings and have equity exposures of over 85%. These funds typically allocate at least 10% to equities of foreign companies and do not exclusively allocate between cash and equities. Convertibles Convertible-bond portfolios are designed to offer some of the capital-appreciation potential of stock portfolios while also supplying some of the safety and yield of bond portfolios. Target-Date Categories: These portfolios aim to provide investors with an optimal level of return and risk, based solely on the target date. Management adjusts the allocation among asset classes to more- conservative mixes as the target date approaches, following a preset glide path. A target-date portfolio is part of a series of funds offering multiple retirement dates to investors. Target-Date 2000-2010 Target-date portfolios provide diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind (in this case, the years 2000-2010) for retirement. Target-Date 2015 Target-date portfolios provide diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind (in this case, the years 2011-2015) for retirement. Target-Date 2020 Target-date portfolios provide diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind (in this case, the years 2016-2020) for retirement. Target-Date 2025 Target-date portfolios provide diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind (in this case, the years 2021-2025) for retirement. Target-Date 2030 Target-date portfolios provide diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind (in this case, the years 2026-2030) for retirement. Target-Date 2035 Target-date portfolios provide diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind (in this case, the years 2031-2035) for retirement. Target-Date 2040 Target-date portfolios provide diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind (in this case, the years 2036-2040) for retirement. Target-Date 2045 Target-date portfolios provide diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind (in this case, the years 2041-2045) for retirement. Target-Date 2050 Target-date portfolios provide diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind (in this case, the years 2046-2050) for retirement. These portfolios aim to provide investors with an optimal level of return and risk, based solely on the target date. Management adjusts the allocation among asset classes to more- conservative mixes as the target date approaches, following a preset glide path. A target-date portfolio is part of a series of funds offering multiple retirement dates to investors. Target-Date 2055 Target-date portfolios provide a diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind (in this case, the years 2051-2055 and beyond) for retirement. Target-Date 2060+ Target-date portfolios provide a diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind (in this case, the year 2060 and beyond) for retirement. These portfolios aim to provide investors with an optimal level of return and risk, based solely on the target date. Management adjusts the allocation among asset classes to more-conservative mixes as the target date approaches, following a preset glide path. A target- date portfolio is part of a series of funds offering multiple retirement dates to investors. Target-Date 2065+ Target-date portfolios provide a diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind (in this case, the years 2061-2065 and beyond) for retirement. Target-Date Retirement Target-Date Retirement portfolios provide a mix of stocks, bonds, and cash for those investors already in or entering retirement. These portfolios tend to be managed to more of a conservative asset-allocation strategy. These portfolios aim to provide investors with steady income throughout retirement.

The Arrow DWA Tactical: Macro 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% and 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. The total fund expenses are Class A 2.02%, Class C 2.77% and Class I 1.77%. Inception date for Class A and Class C is 5/30/08; Class I 3/21/12.

Arrow DWA Tactical: Macro ETF may not be suitable for all investors. 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 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 established 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.

To view the most recent performance data, visit Arrow Fund's website here.

Before investing, please read the prospectus and shareholder reports to learn about the investment strategy and potential risks. Investing involves risks, including the potential for loss of principal. An investor should consider the fund’s investment objective, charges, expenses and risks carefully before investing. This and other information about the fund is contained in the fund’s prospectus, which can be obtained by calling 1-877-277-6933.

Content reviewed by an affiliate, Archer Distributors, LLC.

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