DWAT vs. ARP ETF Comparison

Comparison of Arrow DWA Tactical ETF (DWAT) to PMV Adaptive Risk Parity ETF (ARP)

DWAT

Arrow DWA Tactical ETF

DWAT Description

The investment seeks to achieve long-term capital appreciation with capital preservation as a secondary objective. The fund primarily invests in other exchange traded funds that each invest primarily in domestic and foreign, equity securities of any market capitalization, fixed-income securities of any credit quality, or alternative assets. The fund may invest up to 25% of its total assets in the Tactical Subsidiary. The Tactical Subsidiary will invest primarily in commodity futures, fixed-income securities and cash equivalents, which are intended to serve as margin or collateral for its investments in commodity futures. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$11.90

Average Daily Volume

698

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

ARP

PMV Adaptive Risk Parity ETF

ARP Description

The PMV Adaptive Risk Parity ETF (the “Fund”) is an actively managed fund that seeks to generate capital appreciation, with lower volatility and reduced correlation to the overall equity market, by taking advantage of broad asset class trends throughout the market cycle.

Grade (RS Rating)

Last Trade

$28.76

Average Daily Volume

3,265

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

Performance

Period	DWAT	ARP
30 Days	0.39%	-0.77%
60 Days	4.03%	0.21%
90 Days	6.31%	1.24%
12 Months	22.24%	16.52%

1 Overlapping Holdings

	Symbol	Grade	Weight in DWAT	Weight in ARP	Overlap
	PHYS	C	8.24%	18.55%	8.24%

DWAT Overweight 4 Positions Relative to ARP

	Symbol	Grade	Weight
	RPV	A	11.02%
	MTUM	A	8.91%
	PFM	A	8.46%
	PSLV	D	7.87%

DWAT Underweight 4 Positions Relative to ARP

	Symbol	Grade	Weight
	SHV	A	-20.23%
	QQQ	B	-5.27%
	USDU	A	-3.11%
	PDBC	C	-1.46%

DWAT: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Bullion Mutual Fund Mutual Fund Trust Precious Metals Silver Exchange Traded Product Stock Market Index Capitalization Weighted Index Dividend Exchange Traded Products Index Fund Invesco Powershares MSCI EAFE Msci Us Reit Index Nasdaq Composite Index S&P 500 Index CBOE S&P 500 Publishing & Printing (Sub Ind) Silver Sprott Molybdenum Participation Corporation

ARP: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Exchange Traded Funds Exchange Traded Products Bear Market ETF Bloomberg Barclays Us Aggregate Bond Index Bond Bond Fund Bond Market Bullion Commodity Commodity Markets Commodity Trading Advisor Government Bonds Index Fund Inverse ETF Invesco Powershares Managed Futures Account Mutual Fund Mutual Fund Trust