Arrow DWA Tactical: Macro ETF (DWAT)

Assets	$3.12M
Expense Ratio	1.95%
PE Ratio	12.07
Shares Out	300,000
Dividend (ttm)	$0.05
Dividend Yield	0.50%
Ex-Dividend Date	Dec 26, 2023
Payout Ratio	6.09%
1-Year Return	+4.50%

Volume	914
Open	10.45
Previous Close	10.51
Day's Range	10.45 - 10.70
52-Week Low	9.10
52-Week High	11.33
Beta	0.93
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 target outcome asset allocation. 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: Asset Allocation
• Category: Tactical Allocation
• Stock Exchange: BATS
• Ticker Symbol: DWAT
• ETF Provider: Arrow Funds

Top 10 Holdings

99.20% of assets

Name	Symbol	Weight
iShares MSCI USA Quality Factor ETF	QUAL	11.40%
Invesco S&P 500 Pure Value ETF	RPV	11.33%
Industrial Select Sector SPDR Fund	XLI	11.19%
iShares S&P 500 Growth ETF	IVW	10.97%
Technology Select Sector SPDR Fund	XLK	10.43%
Vanguard Mid-Cap Growth ETF	VOT	9.65%
Consumer Discret Sel Sect SPDR® ETF	n/a	9.52%
iShares MSCI Japan ETF	EWJ	9.21%
iShares MSCI USA Momentum Factor ETF	MTUM	8.72%
iShares Latin America 40 ETF	ILF	6.77%

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