Arrow DWA Tactical: Macro ETF (DWAT)

Assets	$2.36M
Expense Ratio	1.95%
PE Ratio	24.40
Shares Out	300,000
Dividend (ttm)	$0.05
Dividend Yield	0.45%
Ex-Dividend Date	Dec 26, 2023
Payout Ratio	10.91%
1-Year Return	+15.60%

Volume	100
Open	11.77
Previous Close	11.53
Day's Range	11.77 - 11.86
52-Week Low	10.22
52-Week High	12.30
Beta	0.63
Holdings	12
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

97.37% of assets

Name	Symbol	Weight
iShares S&P 500 Growth ETF	IVW	11.99%
iShares MSCI USA Quality Factor ETF	QUAL	11.20%
Industrial Select Sector SPDR Fund	XLI	10.73%
Technology Select Sector SPDR Fund	XLK	10.61%
Invesco S&P 500 Pure Value ETF	RPV	10.41%
iShares MSCI USA Momentum Factor ETF	MTUM	9.07%
Financial Select Sector SPDR Fund	XLF	8.79%
Sprott Physical Gold Trust	n/a	8.55%
Invesco Dividend Achievers ETF	PFM	8.28%
Sprott Physical Silver Trust	n/a	7.75%

Dividends

Ex-Dividend	Amount	Pay Date
Dec 26, 2023	$0.053	Jan 2, 2024
Dec 23, 2022	$0.728	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