Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 10/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
2.1%
1 yr return
-9.3%
3 Yr Avg Return
9.0%
5 Yr Avg Return
4.6%
Net Assets
$203 M
Holdings in Top 10
99.7%
Expense Ratio 2.50%
Front Load N/A
Deferred Load N/A
Turnover 11.00%
Redemption Fee 1.00%
Standard (Taxable)
$5,000
IRA
$2,000
Fund Type
Open End Mutual Fund
Name
As of 10/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund pursues its investment objective by implementing a fixed income strategy and a managed futures strategy. The managed futures strategy generates capital appreciation by investing in limited partnerships, corporations operating as investment funds, and limited liability companies that employ the managed futures program of DUNN Capital Management, LLC (“Dunn”), a commodity trading adviser (“CTA”) registered with the U.S. Commodity Futures Trading Commission (collectively, “Underlying Funds”) and in derivative instruments, such as swap contracts, structured notes or other securities or derivatives, that provide exposure to Dunn’s World Monetary and Agriculture Program (the “WMA Program”).
Dunn was founded in 1974 and started to implement the WMA program in 1984. The WMA Program uses quantitative modeling to develop and maintain systematic trading strategies driven by data across financial (such as foreign and domestic equity and debt futures and foreign currency futures) and commodity markets.
The WMA Program was designed to analyze market data to identify trends and relationships occurring within and across markets and asset classes. The WMA Program is constructed to identify price trends (both up and down) in physical commodities and financial futures markets. The WMA Program allocates assets across a blend of financial and commodity futures (including, interest rates, equity indices, and currencies, and physical commodities, such as, energy, metals and agriculture). The financial futures and physical commodity components are positioned either long, flat or short based on the systematic trading strategy. A future is a financial contract obligating the buyer to purchase an asset (or the seller to sell an asset), such as a physical commodity or a financial instrument, at a predetermined future date and price. The WMA Program consists of trend following and other quantitative strategies that aim for low correlation to traditional asset classes such as equities and fixed income and are diversified by investment style, information source, investment holding period and instrument.
The Fund executes its managed futures strategy primarily by investing up to 25% of its total assets in a wholly-owned and controlled subsidiary (the “Arrow MFT Subsidiary”). The Arrow MFT Subsidiary will invest the majority of its assets in one or more Underlying Funds, swap contracts, structured notes and other investments intended to serve as margin or collateral for derivative positions. The Arrow MFT Subsidiary is subject to the same investment restrictions as the Fund, when viewed on a consolidated basis.
To the extent Arrow Investment Advisors, LLC (the “Advisor”) is utilizing derivatives to gain exposure to the WMA Program, it is anticipated that the Fund will use a swap (the “Swap”), which is a type of derivative instrument based on an underlying asset (“Underlying Asset”), designed to replicate the aggregate returns of the WMA Program. The Swap is based on a notional amount agreed upon by the Advisor and the counterparty. The Advisor may add or remove managers from the Swap or adjust the notional exposure between the managers within the Swap. Generally, the fees and expenses of the Swap are based on the notional value. The Underlying Asset is calculated by the counterparty to the Swap and includes a deduction for fees of the counterparty as well as management and performance fees of the managers.
Prospective investors should note that Dunn is not responsible for the formation or the operation of, and does not act as an adviser to, the Fund or the Arrow MFT Subsidiary and does not make recommendations or representations with respect to the Fund or the Arrow MFT Subsidiary. Other than reviewing the description of the WMA Program, Dunn has not had any involvement in the preparation of this Prospectus and is not responsible or liable for the contents hereof. Prospective investors will not be investing their funds with Dunn, will not have voting rights or a direct interest in any Dunn fund, and will have no standing or recourse against Dunn with respect to the Fund, its operations or performance. In addition, while the Fund and the Subsidiary may gain exposure to the WMA Program through one or more trading companies that employ the WMA Program and/or derivative instruments such as swap agreements that provide exposure to the WMA Program, neither the Fund nor the Arrow MFT Subsidiary will have a direct interest in any Dunn fund.
The Fund executes its fixed income strategy primarily by investing directly or indirectly through other funds (including affiliated funds) in U.S. government securities, short-term, high quality fixed-income securities, money market instruments, overnight and fixed-term repurchase agreements, cash, and other cash equivalents with maturities of one year or less. The Fund’s fixed income strategy is primarily used to collateralize its derivative positions. The Fund’s strategy aims to achieve capital appreciation and absolute returns over the long-term. The Advisor may engage in frequent buying and selling of portfolio securities to achieve the Fund’s investment objective.
Period | MFTTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.1% | -7.4% | 14.6% | 10.64% |
1 Yr | -9.3% | -16.1% | 36.5% | 89.25% |
3 Yr | 9.0%* | -7.9% | 13.3% | 65.17% |
5 Yr | 4.6%* | -5.3% | 10.0% | 75.90% |
10 Yr | 3.6%* | -2.4% | 4.3% | 100.00% |
* Annualized
Period | MFTTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -22.8% | -16.4% | 12.9% | 72.04% |
2022 | 8.3% | -9.3% | 17.5% | 55.43% |
2021 | -0.4% | -25.8% | 2.2% | 98.84% |
2020 | -4.8% | -5.1% | 21.0% | 9.21% |
2019 | -3.7% | -20.3% | 4.6% | 94.37% |
Period | MFTTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.1% | -7.4% | 14.6% | 10.64% |
1 Yr | -9.3% | -20.3% | 36.5% | 83.87% |
3 Yr | 9.0%* | -9.0% | 11.1% | 61.80% |
5 Yr | 4.6%* | -5.7% | 8.7% | 72.29% |
10 Yr | 3.6%* | -2.4% | 4.3% | 100.00% |
* Annualized
Period | MFTTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -14.2% | -16.4% | 12.9% | 72.04% |
2022 | 56.7% | -9.3% | 17.5% | 55.43% |
2021 | 1.1% | -20.3% | 2.5% | 100.00% |
2020 | -4.8% | -5.1% | 21.0% | 9.21% |
2019 | 14.5% | -20.3% | 6.7% | 70.42% |
MFTTX | Category Low | Category High | MFTTX % Rank | |
---|---|---|---|---|
Net Assets | 203 M | 2.12 M | 1.74 B | 62.77% |
Number of Holdings | 5 | 3 | 876 | 98.94% |
Net Assets in Top 10 | 208 M | -100 M | 2.04 B | 46.81% |
Weighting of Top 10 | 99.68% | 20.3% | 94.0% | 23.81% |
Weighting | Return Low | Return High | MFTTX % Rank | |
---|---|---|---|---|
Cash | 80.35% | -687.11% | 117.03% | 69.15% |
Stocks | 19.45% | -1.78% | 72.26% | 87.23% |
Convertible Bonds | 0.26% | 0.00% | 2.27% | 61.70% |
Preferred Stocks | 0.00% | 0.00% | 0.13% | 54.26% |
Other | 0.00% | 0.00% | 58.63% | 3.19% |
Bonds | 0.00% | -50.36% | 717.59% | 44.68% |
Weighting | Return Low | Return High | MFTTX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 4.63% | N/A |
Technology | 0.00% | 0.00% | 45.08% | N/A |
Real Estate | 0.00% | 0.27% | 99.97% | N/A |
Industrials | 0.00% | 0.00% | 17.73% | N/A |
Healthcare | 0.00% | 0.00% | 16.51% | N/A |
Financial Services | 0.00% | 0.00% | 30.46% | N/A |
Energy | 0.00% | 0.00% | 6.41% | N/A |
Communication Services | 0.00% | 0.03% | 20.13% | N/A |
Consumer Defense | 0.00% | 0.00% | 14.38% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 21.37% | N/A |
Basic Materials | 0.00% | 0.00% | 12.01% | N/A |
Weighting | Return Low | Return High | MFTTX % Rank | |
---|---|---|---|---|
US | 19.45% | -5.85% | 56.89% | 71.28% |
Non US | 0.00% | 0.00% | 40.59% | 81.91% |
MFTTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.50% | 0.75% | 12.88% | 34.41% |
Management Fee | 0.85% | 0.65% | 2.99% | 7.45% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 83.61% |
Administrative Fee | N/A | 0.09% | 0.45% | 18.52% |
MFTTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
MFTTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 1.00% | 1.00% | 1.00% | 41.67% |
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.
MFTTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 11.00% | 0.00% | 198.00% | 38.57% |
MFTTX | Category Low | Category High | MFTTX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 0.00% | 48.94% |
MFTTX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Annually |
MFTTX | Category Low | Category High | MFTTX % Rank | |
---|---|---|---|---|
Net Income Ratio | -2.26% | -3.14% | 1.55% | 60.22% |
MFTTX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Oct 30, 2023 | $0.592 | OrdinaryDividend |
Dec 23, 2022 | $0.989 | OrdinaryDividend |
Aug 30, 2022 | $1.687 | OrdinaryDividend |
Dec 27, 2021 | $0.086 | OrdinaryDividend |
Aug 29, 2019 | $0.703 | OrdinaryDividend |
May 30, 2019 | $0.513 | OrdinaryDividend |
Feb 27, 2019 | $0.002 | OrdinaryDividend |
Nov 15, 2018 | $0.456 | OrdinaryDividend |
Dec 26, 2017 | $0.136 | OrdinaryDividend |
Dec 28, 2016 | $0.673 | OrdinaryDividend |
Dec 29, 2015 | $0.058 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Jul 31, 2014
7.84
7.8%
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.
Start Date
Tenure
Tenure Rank
Jul 31, 2014
7.84
7.8%
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.
Start Date
Tenure
Tenure Rank
Dec 01, 2020
1.5
1.5%
Amit Gutt, CFA has been a Portfolio Manager for the ArrowFund since June 2020. Amit joined Arrow Investment Advisors, LLC in August 2014 as an Investment Strategist. In that role, he was responsible for performing quantitative research, portfolio management and trading across multiple asset classes. Prior to joining Arrow, Amit worked as a Summer Associate in emerging markets equity research at KAUST Investment Management and as a Statistician at the United States Department of Commerce from 2009 to 2012. Amit holds a B.S. in Financial Economics from University of Maryland Baltimore County, a Master of Arts in Applied Economics from Johns Hopkins University and an MBA in Finance from the NYU Stern School of Business. Amit is also a CFA charterholder.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.16 | 14.09 | 5.41 | 5.06 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...