Arrow DWA Tactical: Macro ETF (DWAT)

Assets	$3.36M
Expense Ratio	1.95%
PE Ratio	13.03
Shares Out	300,000
Dividend (ttm)	$0.05
Dividend Yield	0.48%
Ex-Dividend Date	Dec 26, 2023
Payout Ratio	6.23%
1-Year Return	+5.20%

Volume	1,063
Open	11.37
Previous Close	11.32
Day's Range	10.95 - 11.21
52-Week Low	9.10
52-Week High	11.38
Beta	0.96
Holdings	14
Inception Date	Oct 1, 2014

About DWAT

Fund Home Page

The Arrow DWA Tactical: Macro ETF (DWAT) is an exchange-traded fund that mostly invests in global macro alternatives. The fund is an actively-managed, multi-asset fund-of-funds that primarily aims for capital appreciation with capital preservation as its secondary objective. DWAT was launched on Oct 1, 2014 and is issued by Arrow Funds.

• Asset Class: Alternatives
• Category: Tactical Allocation
• Stock Exchange: BATS
• Ticker Symbol: DWAT
• ETF Provider: Arrow Funds

Top 10 Holdings

99.90% of assets

Name	Symbol	Weight
iShares S&P 500 Growth ETF	IVW	11.77%
iShares MSCI USA Quality Factor ETF	QUAL	11.71%
Technology Select Sector SPDR Fund	XLK	11.15%
Invesco S&P 500 Pure Value ETF	RPV	10.91%
Industrial Select Sector SPDR Fund	XLI	10.74%
Vanguard Mid-Cap Growth ETF	VOT	9.66%
iShares MSCI USA Momentum Factor ETF	MTUM	8.89%
Sprott Physical Silver Trust	n/a	8.61%
Financial Select Sector SPDR Fund	XLF	8.30%
First Trust Large Cap Core AlphaDEX Fund	FEX	8.17%

Dividends

Ex-Dividend	Amount	Pay Date
Dec 26, 2023	$0.053	Jan 2, 2024
Dec 23, 2022	$0.7289	Jan 3, 2023
Dec 23, 2021	$2.674	Jan 3, 2022
Dec 26, 2019	$0.331	Jan 2, 2020
Dec 28, 2018	$0.338	Jan 7, 2019
Dec 26, 2017	$0.348	Jan 2, 2018