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Trending ETFs

Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$31.43

$7.5 M

4.29%

$1.35

2.81%

Vitals

YTD Return

9.4%

1 yr return

12.6%

3 Yr Avg Return

-0.5%

5 Yr Avg Return

5.6%

Net Assets

$7.5 M

Holdings in Top 10

100.2%

52 WEEK LOW AND HIGH

$31.2
$25.05
$32.10

Expenses

OPERATING FEES

Expense Ratio 2.81%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$31.43

$7.5 M

4.29%

$1.35

2.81%

DWCR - Profile

Distributions

  • YTD Total Return 9.4%
  • 3 Yr Annualized Total Return -0.5%
  • 5 Yr Annualized Total Return 5.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.62%
DIVIDENDS
  • Dividend Yield 4.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Arrow DWA Tactical: International ETF
  • Fund Family Name
    Arrow Funds
  • Inception Date
    Dec 28, 2017
  • Shares Outstanding
    450000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jonathan Guyer

Fund Description

Under normal circumstances, substantially all of the Fund’s total assets is invested in the component securities of the Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities (e.g., depositary receipts, exchange traded instruments). Strictly in accordance with its guidelines and mandated procedures of the index provider, the index selection methodology consists of long positions in the equity markets of foreign countries exhibiting relatively strong momentum characteristics among the foreign universe. The foreign universe will be composed of countries from the developed and emerging markets, excluding the United States. There is no consideration given to the allocation among developed and emerging markets; the strategy of the Index will allocate among them depending on global price trends.

In general, momentum is the tendency of an investment to exhibit persistence in its relative performance; a “momentum style” of investing emphasizes investing in securities that have had better performance compared to other securities. The Index selects at least ten countries with the highest relative strength among the universe of 41 foreign countries on a quarterly basis. The countries identified are given equal weight. For each country identified, between five to ten equity securities with the highest relative strength within that country are selected. The securities identified are equally weighted.

The Index looks at a company’s location and economic ties in determining its country designation. Relative strength investing involves buying securities that have appreciated in price more than the other securities in the country universe and holding those securities until they underperform. The strategy is entirely based on market movement of the countries and relative strength of the securities within those countries, and there is no company fundamental data involved in the analysis. The process is systematic and is repeated quarterly.

The Advisor expects that, over time, the correlation between the Fund’s performance and that of the Index, before fees and expenses, will be 95% or higher. The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Index concentrates in an industry or group of industries.

The Fund generally uses a “replication” strategy to seek to achieve its investment objective, meaning the Fund invests in all of the component securities of the Index in the same approximate proportions as in the Index, but may, when the Advisor believes it is in the best interests of the Fund, use a “representative sampling” strategy, meaning the Fund may invest in a sample of the securities in the Index whose risk, return and other characteristics closely resemble the risk, return and other characteristics of the Index as a whole. The Fund may also invest its assets in cash and cash equivalents, other investment companies, as well as securities and other instruments not included in the Index but which the Advisor believes will help the Fund track the Index. For example, the Fund may invest in securities that are not components of the Index to reflect various corporate actions and other changes to the Index (such as reconstitutions, additions and deletions).

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DWCR - Performance

Return Ranking - Trailing

Period DWCR Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -2.4% 32.5% 55.01%
1 Yr 12.6% -3.8% 34.6% 41.39%
3 Yr -0.5%* -18.4% 10.8% 42.19%
5 Yr 5.6%* 0.1% 13.3% 71.81%
10 Yr N/A* 1.4% 9.9% 84.36%

* Annualized

Return Ranking - Calendar

Period DWCR Return Category Return Low Category Return High Rank in Category (%)
2023 4.3% -0.4% 28.6% 96.69%
2022 -24.5% -49.5% -13.3% 33.08%
2021 13.7% -22.2% 19.3% 3.71%
2020 14.8% -4.9% 85.0% 74.37%
2019 14.2% -4.0% 45.1% 98.77%

Total Return Ranking - Trailing

Period DWCR Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -2.4% 32.5% 55.01%
1 Yr 12.6% -3.8% 34.6% 41.39%
3 Yr -0.5%* -18.4% 10.8% 42.19%
5 Yr 5.6%* 0.1% 13.3% 71.81%
10 Yr N/A* 1.4% 9.9% N/A

* Annualized

Total Return Ranking - Calendar

Period DWCR Return Category Return Low Category Return High Rank in Category (%)
2023 7.1% 1.8% 28.6% 97.71%
2022 -20.0% -44.4% -11.0% 20.00%
2021 16.0% -20.6% 20.5% 5.57%
2020 15.5% -4.9% 97.1% 84.68%
2019 16.5% 0.5% 45.3% 99.69%

DWCR - Holdings

Concentration Analysis

DWCR Category Low Category High DWCR % Rank
Net Assets 7.5 M 191 K 137 B 96.44%
Number of Holdings 12 4 1799 98.47%
Net Assets in Top 10 7.59 M 65.4 K 36.5 B 95.93%
Weighting of Top 10 100.22% 12.7% 100.2% 0.25%

Top 10 Holdings

  1. ISHARES MSCI TUR 11.57%
  2. ISHARES MSCI IND 10.36%
  3. ISHARES MSCI POL 10.19%
  4. ISHARES MSCI SPA 9.85%
  5. ISHARES MSCI TAI 9.77%
  6. ISHARES MSCI FRA 9.75%
  7. ISHARES MSCI NET 9.74%
  8. ISHARES MSCI ITA 9.72%
  9. ISHARES MSCI BRA 9.66%
  10. ISHARES MSCI MEX 9.61%

Asset Allocation

Weighting Return Low Return High DWCR % Rank
Stocks
100.22% 87.07% 104.45% 1.27%
Preferred Stocks
0.00% 0.00% 8.28% 37.91%
Other
0.00% -0.33% 2.14% 31.81%
Convertible Bonds
0.00% 0.00% 2.45% 13.01%
Cash
0.00% 0.00% 16.26% 98.98%
Bonds
0.00% 0.00% 0.05% 12.47%

Stock Sector Breakdown

Weighting Return Low Return High DWCR % Rank
Financial Services
36.02% 0.00% 38.62% 0.51%
Basic Materials
13.93% 0.00% 23.15% 4.85%
Technology
11.02% 1.51% 38.21% 92.86%
Industrials
9.42% 0.68% 31.28% 91.07%
Energy
8.96% 0.00% 24.97% 3.83%
Consumer Defense
6.65% 0.00% 25.77% 63.01%
Communication Services
5.06% 0.00% 41.13% 43.11%
Utilities
2.88% 0.00% 9.05% 13.01%
Consumer Cyclical
2.65% 0.00% 46.28% 98.21%
Real Estate
1.93% 0.00% 6.64% 7.91%
Healthcare
1.48% 1.36% 29.58% 98.47%

Stock Geographic Breakdown

Weighting Return Low Return High DWCR % Rank
US
100.22% 0.00% 100.22% 0.25%
Non US
0.00% 0.00% 99.64% 98.47%

DWCR - Expenses

Operational Fees

DWCR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.81% 0.01% 13.07% 4.60%
Management Fee 0.70% 0.00% 1.50% 46.06%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.80% 17.52%

Sales Fees

DWCR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DWCR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DWCR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 7.00% 149.00% 93.72%

DWCR - Distributions

Dividend Yield Analysis

DWCR Category Low Category High DWCR % Rank
Dividend Yield 4.29% 0.00% 12.70% 36.48%

Dividend Distribution Analysis

DWCR Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

DWCR Category Low Category High DWCR % Rank
Net Income Ratio 0.62% -1.69% 3.16% 30.85%

Capital Gain Distribution Analysis

DWCR Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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DWCR - Fund Manager Analysis

Managers

Jonathan Guyer


Start Date

Tenure

Tenure Rank

Dec 28, 2017

4.42

4.4%

Jonathan Guyer joined Arrow Investment Advisors, LLC in October 2013 after spending seven years with Longview Funds Management, LLC. During his tenure at Longview, he served the Principal, Director of Research and Chief Investment Officer of the firm. Mr. Guyer received a Bachelor of Science degree in Business Administration from the University of Northc Carolina - Wilmington in 1985. Mr. Guyer worked in the audit field as a seniro audit manager for commercial banks and trust companies from 1986 until 1994, when he decided to focus on investment management. From May 1995 to December 2001, Mr. Guyer was the head of the Proprietary Hedge Fund Group of Alex. Brown & Sons, Inc. ("DBAB"). From February 2001 to April 2006 Mr. Guyer was the head of the Alternative Investment Group of Legg Mason Wood Walker Incorporated ("LMWW"). Founded in 1800, Alex. Brown & Sons, Inc. was a Baltimore based investment bank acquired by Bankers Trust in 1997 and again acquired by Deutsche Bank in 1999. LMWW, also headquartered in Baltimore, MD, was a broker/dealer acquired by Citigroup Capital Markets Inc. in 2006. Mr. Guyer is a financial professional with significant, broad-based experience in alternative investments, including active portfolio management and trading, manager selection and due diligence, marketing and fund administration.

Joseph Barrato


Start Date

Tenure

Tenure Rank

Dec 28, 2017

4.42

4.4%

Joseph Barrato is a founding member of Arrow Investment Advisors, LLC. He has over 20 years of experience in the investment management industry, including six years with Rydex Investments, where he was responsible for the firm’s research and developed momentum models with the Rydex sector funds. Prior to Rydex, Mr. Barrato spent 12 years at the Federal Reserve Board of Governors, as an analyst and senior financial examiner. He holds a bachelor's degree in business administration from The George Washington University, where he majored in finance and minored in accounting. Mr. Barrato’s experience in the investment management industry gives him a strong understanding of the operational issues facing mutual funds and the regulatory framework under which investment companies must operate. Mr. Barrato has served as an Interested Trustee and the Chairman of the Board since the Trust was organized in August 2011.

Amit Gutt


Start Date

Tenure

Tenure Rank

Dec 01, 2020

1.5

1.5%

Amit Gutt, CFA has been a Portfolio Manager for the ArrowFund since June 2020. Amit joined Arrow Investment Advisors, LLC in August 2014 as an Investment Strategist. In that role, he was responsible for performing quantitative research, portfolio management and trading across multiple asset classes. Prior to joining Arrow, Amit worked as a Summer Associate in emerging markets equity research at KAUST Investment Management and as a Statistician at the United States Department of Commerce from 2009 to 2012. Amit holds a B.S. in Financial Economics from University of Maryland Baltimore County, a Master of Arts in Applied Economics from Johns Hopkins University and an MBA in Finance from the NYU Stern School of Business. Amit is also a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 26.94 7.67 20.01