DWCR Fees and Costs — Arrow DWA Tactical: International ETF
Data updated: 2025-06-26
The net expense ratio is 1.66% (3.39% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $6K in broker commissions, 0.0732% of average net assets, and portfolio turnover was 138%.
DWCR Fees and Expenses
Annual operating expenses and sales charges of DWCR. Prospectus, as of November 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.35% |
| Gross expense ratio | 3.39% |
| Fee waiver | −1.73% |
| Net expense ratio | 1.66% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
DWCR Costs Over Time
On $10,000 invested in DWCR, assuming 5% a year before costs, total costs come to $1,068 over 5 years, cutting the return by 1.82% 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 1.66%) | $174 | $540 | $929 |
| Trading costs (broker commissions) | $8 | $24 | $41 |
| Lost growth on money paid in costs | $0 | $28 | $99 |
| Total costs | $182 | $592 | $1,068 |
| Value after costs | $10,318 | $10,985 | $11,694 |
| Impact on return, per year | 1.82% | 1.82% | 1.82% |
DWCR Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0732%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $1.5M
- Portfolio turnover (prospectus): 138%
- Securities lending: none during the year
DWCR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $4K | 64.76% |
| Barrington Research Associates, Inc. | $2K | 29.79% |
| Jonestrading Institutional Services LLC | $323 | 5.45% |
DWCR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bofa Securities, Inc. | $1.5M | 99.99% |
| Barclays Capital Inc. | $77 | 0.01% |
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.