Fund Prices & YTD Returns as of 7/30/2021				Performance Through 7/30/2021							Average Annual Returns Through 6/30/2021
NAV	NAV Daily Change	% Daily Change(1)	% YTD Return(2)	One Month	Three Month	One Year	Three Year	Five Year	Ten Year	Since Inception (4)	One Year	Three Year	Five Year	Ten Year	Since Inception(4)
Arrow DWA Tactical: Balanced Fund Class A
13.25	-0.06	-0.45%	6.00%	-0.08%	0.84%	14.90%	8.82%	6.59%	5.37%	5.45%	20.40%	9.05%	7.21%	5.35%	5.49%
With Sales Charge(3)				-5.83%	-4.95%	8.27%	6.70%	5.33%	4.74%	5.04%	13.49%	6.91%	5.95%	4.73%	5.07%
Arrow DWA Tactical: Balanced Fund Class C
12.01	-0.05	-0.41%	5.54%	-0.08%	0.67%	14.14%	8.05%	5.81%	4.58%	4.67%	19.46%	8.23%	6.40%	4.57%	4.70%
Arrow DWA Tactical: Balanced Fund Class I
13.52	-0.06	-0.44%	6.12%	-0.07%	0.90%	15.23%	9.13%	6.87%	N/A	6.10%	20.73%	9.33%	7.49%	N/A	6.17%
Arrow DWA Tactical: Macro Fund Class A
10.59	-0.01	-0.09%	7.40%	-0.47%	0.67%	20.35%	5.47%	6.45%	5.58%	3.95%	27.69%	5.86%	6.84%	5.94%	4.01%
With Sales Charge(3)				-6.20%	-5.11%	13.38%	3.39%	5.19%	4.95%	3.48%	20.41%	3.80%	5.58%	5.31%	3.54%
Arrow DWA Tactical: Macro Fund Class C
9.70	-0.01	-0.10%	6.83%	-0.51%	0.52%	19.46%	4.67%	5.64%	4.78%	3.16%	26.80%	5.06%	6.03%	5.14%	3.23%
Arrow DWA Tactical: Macro Fund Class I
10.66	-0.01	-0.09%	7.46%	-0.47%	0.76%	20.62%	5.70%	6.70%	N/A	7.34%	28.06%	6.13%	7.11%	N/A	7.46%
Arrow DWA Tactical: Income Fund Class A
5.45	0.00	0.00%	-0.37%	0.93%	1.68%	4.45%	-5.18%	-2.66%	-0.81%	-1.34%	6.52%	-4.89%	-2.52%	-0.89%	-1.41%
With Sales Charge(3)				-4.89%	-4.22%	-1.48%	-7.02%	-3.80%	-1.40%	-1.76%	0.46%	-6.77%	-3.66%	-1.48%	-1.84%
Arrow DWA Tactical: Income Fund Class C
5.08	0.01	0.20%	-0.78%	0.99%	1.60%	3.77%	-5.83%	-3.35%	-1.54%	-2.05%	5.75%	-5.56%	-3.23%	-1.63%	-2.14%
Arrow DWA Tactical: Income Fund Class I
5.51	0.01	0.18%	-0.18%	1.10%	1.85%	4.67%	-4.87%	-2.39%	N/A	-0.36%	6.52%	-4.63%	-2.27%	N/A	-0.48%
Arrow Managed Futures Strategy Fund Class A
6.33	-0.09	-1.40%	4.80%	-2.91%	-5.24%	6.21%	1.96%	-1.27%	-1.25%	-0.59%	7.95%	2.53%	-0.64%	-0.90%	-0.33%
With Sales Charge(3)				-8.53%	-10.72%	0.16%	-0.05%	-2.44%	-1.83%	-1.11%	1.72%	0.53%	-1.82%	-1.48%	-0.85%
Arrow Managed Futures Strategy Fund Class C
5.93	-0.08	-1.33%	4.22%	-2.95%	-5.42%	5.52%	1.20%	-2.00%	-1.97%	-1.31%	7.01%	1.80%	-1.39%	-1.63%	-1.05%
Arrow Managed Futures Strategy Fund Class I
6.42	-0.09	-1.38%	4.90%	-2.87%	-5.17%	6.47%	2.23%	-1.01%	N/A	0.27%	8.18%	2.84%	-0.41%	N/A	0.59%