DWANX: Arrow DWA Balanced Institutional

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DWANX Arrow DWA Balanced Institutional


Profile

DWANX - Profile

Vitals

  • YTD Return 1.1%
  • 3 Yr Annualized Return -2.6%
  • 5 Yr Annualized Return -2.8%
  • Net Assets $53.6 M
  • Holdings in Top 10 64.0%

52 WEEK LOW AND HIGH

$11.88
$11.47
$12.37

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.48%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 121.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 1.1%
  • 3 Yr Annualized Total Return 2.6%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.74%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Arrow DWA Balanced Fund
  • Fund Family Name
    Arrow Funds
  • Inception Date
    Mar 21, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    William Flaig

Fund Description

The fund primarily invests, either directly or indirectly through investments in exchange traded funds or other investment companies (including affiliated funds), in (i) equity securities, (ii) fixed income securities, or (iii) alternative assets. It may invest up to 25% of its total assets in a wholly-owned and controlled subsidiary (the "DWA Balanced Subsidiary").


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Categories

Performance

DWANX - Performance

Return Ranking - Trailing

Period DWANX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -9.2% 5.1% 67.93%
1 Yr 2.7% -13.2% 19.6% 84.44%
3 Yr -2.6%* -9.9% 10.3% 92.65%
5 Yr -2.8%* -10.7% 6.1% 89.32%
10 Yr N/A* -2.2% 7.1% 28.82%

* Annualized

Return Ranking - Calendar

Period DWANX Return Category Return Low Category Return High Rank in Category (%)
2019 8.6% -7.3% 25.8% 75.98%
2018 -17.2% -32.7% 0.0% 87.47%
2017 5.6% -3.7% 29.4% 64.77%
2016 0.2% -43.7% 16.1% 85.89%
2015 -7.2% -19.5% 1.0% 64.04%

Total Return Ranking - Trailing

Period DWANX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -9.2% 5.1% 67.93%
1 Yr 2.7% -13.2% 19.6% 84.44%
3 Yr 2.6%* -9.9% 11.7% 67.48%
5 Yr 1.4%* -10.7% 7.8% 73.96%
10 Yr N/A* -2.2% 11.0% 75.11%

* Annualized

Total Return Ranking - Calendar

Period DWANX Return Category Return Low Category Return High Rank in Category (%)
2019 8.6% -7.3% 25.8% 76.17%
2018 -9.7% -32.7% 0.0% 66.74%
2017 13.1% -3.7% 29.4% 42.05%
2016 0.2% -43.7% 20.7% 92.34%
2015 -2.0% -19.5% 6.2% 41.73%

NAV & Total Return History


Holdings

DWANX - Holdings

Concentration Analysis

DWANX Category Low Category High DWANX % Rank
Net Assets 53.6 M 1.73 M 115 B 86.67%
Number of Holdings 138 52 4507 84.06%
Net Assets in Top 10 37.9 M 202 K 21.2 B 69.45%
Weighting of Top 10 64.00% 5.1% 170.2% 9.11%

Top 10 Holdings

  1. Arrow DWA Country Rotation ETF 16.23%
  2. iShares 20+ Year Treasury Bond ETF 10.48%
  3. Vanguard Growth ETF 5.29%
  4. iShares Cohen & Steers REIT ETF 5.15%
  5. Vanguard Mid-Cap Growth ETF 5.09%
  6. Arrow Reserve Capital Management ETF 5.00%
  7. Dunn Commodities Bal 4.79%
  8. Adwab Fund Limited 4.13%
  9. Arrow Dogs of the World ETF 4.07%
  10. iShares iBoxx $ Invmt Grade Corp Bd ETF 3.78%

Asset Allocation

Weighting Return Low Return High DWANX % Rank
Stocks
54.18% 22.67% 80.06% 49.91%
Bonds
24.64% 19.71% 76.70% 81.78%
Other
8.96% -2.50% 62.73% 9.11%
Cash
8.68% -77.88% 50.88% 27.51%
Convertible Bonds
2.87% 0.00% 13.83% 12.14%
Preferred Stocks
0.68% 0.00% 21.57% 25.43%

Stock Sector Breakdown

Weighting Return Low Return High DWANX % Rank
Technology
15.83% 0.00% 33.84% 31.99%
Real Estate
14.34% 0.00% 84.89% 16.86%
Financial Services
12.84% 0.00% 41.89% 75.29%
Consumer Cyclical
12.34% 0.00% 28.06% 9.39%
Consumer Defense
9.89% 0.00% 33.90% 22.22%
Industrials
9.17% 0.22% 21.62% 65.52%
Healthcare
7.10% 0.00% 38.81% 77.59%
Utilities
6.74% -0.17% 28.14% 24.71%
Communication Services
6.52% 0.00% 28.30% 49.62%
Basic Materials
3.02% 0.00% 16.54% 74.52%
Energy
2.20% -0.17% 41.94% 91.00%

Stock Geographic Breakdown

Weighting Return Low Return High DWANX % Rank
US
32.78% -0.12% 61.27% 34.72%
Non US
21.40% 1.90% 56.89% 54.46%

Bond Sector Breakdown

Weighting Return Low Return High DWANX % Rank
Government
36.49% 0.00% 100.00% 33.02%
Corporate
35.97% 0.00% 98.30% 35.10%
Cash & Equivalents
27.54% -20.20% 67.01% 13.28%
Derivative
0.00% -4.16% 44.33% 81.21%
Securitized
0.00% 0.00% 64.61% 91.46%
Municipal
0.00% 0.00% 21.30% 77.04%

Bond Geographic Breakdown

Weighting Return Low Return High DWANX % Rank
US
19.79% -0.30% 78.99% 71.73%
Non US
4.85% -56.41% 46.70% 61.67%

Expenses

DWANX - Expenses

Operational Fees

DWANX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.48% 0.07% 26.19% 32.56%
Management Fee 1.00% 0.00% 1.95% 94.51%
12b-1 Fee 0.00% 0.00% 1.00% 9.97%
Administrative Fee N/A 0.01% 0.40% 69.80%

Sales Fees

DWANX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

DWANX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 90.91%

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.

DWANX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 121.00% 14.00% 347.00% 81.23%

Distributions

DWANX - Distributions

Dividend Yield Analysis

DWANX Category Low Category High DWANX % Rank
Dividend Yield 0.00% 0.00% 3.21% 86.74%

Dividend Distribution Analysis

DWANX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

DWANX Category Low Category High DWANX % Rank
Net Income Ratio 0.74% -0.35% 6.29% 94.05%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

DWANX - Fund Manager Analysis

Managers

William Flaig


Start Date

Tenure

Tenure Rank

Sep 30, 2011

8.34

8.3%

Flaig joined Arrow Investment Advisors in February of 2007, prior to which (2005--2007) he was a principal of Paladin Asset Management. To Paladin, he brought a body of original research in absolute return factors, which evolved into Paladins corresponding alternative investment strategies. From 2000 to 2005 Flaig served Rydex Investments in portfolio management roles of increasing responsibility, culminating with his appointment as Director of Portfolio Management/Director of Investment Strategy.

Joseph Barrato


Start Date

Tenure

Tenure Rank

Jul 31, 2014

5.51

5.5%

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.

Jonathan Guyer


Start Date

Tenure

Tenure Rank

Jul 31, 2014

5.51

5.5%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 28.1 6.21 0.61