DWANX Fees and Costs — Arrow DWA Tactical: Balanced Fund, Institutional Class
Data updated: 2026-10-13
The net expense ratio is 2.12%. This share class carries a redemption fee of 1.00%. In fiscal 2026 the fund paid $59.6M in broker commissions, 217.4549% of average net assets, and portfolio turnover was 106%.
DWANX Fees and Expenses
Annual operating expenses and sales charges of DWANX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.84% |
| Gross expense ratio | 2.12% |
| Fee waiver | — |
| Net expense ratio | 2.12% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
DWANX Costs Over Time
On $10,000 invested in DWANX, assuming 5% a year before costs, total costs come to $43,962 over 5 years, cutting the return by — a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 2.12%) | $223 | $294 | $407 |
| Trading costs (broker commissions) | $22,833 | $30,158 | $41,706 |
| Lost growth on money paid in costs | $0 | $916 | $1,850 |
| Total costs | $23,055 | $31,368 | $43,962 |
| Value after costs | −$12,555 | −$19,792 | −$31,199 |
| Impact on return, per year | — | — | — |
DWANX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 217.4549%
- Total broker commissions: $59.6M
- Bought from dealers (principal trades, not a cost): $21.9M
- Portfolio turnover (prospectus): 106%
DWANX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $4K | 62.40% |
| Barclays Capital Inc. | $2K | 36.31% |
| Goldman Sachs & Co LLC | $82 | 1.29% |
DWANX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co LLC | $21.9M | 100.00% |
Arrow DWA Tactical: Balanced Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DWANX | Institutional Class | 2.12% | none |
| DWAFX | Class A | 2.37% | 5.75% |
| DWATX | Class C | 3.12% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.