DWTFX Fees and Costs — Arrow DWA Tactical: Macro Fund, Class A
Data updated: 2026-10-13
The net expense ratio is 1.99%. This share class carries a maximum front-end sales load of 5.75%, a deferred sales charge of up to 1.00% and a redemption fee of 1.00%. In fiscal 2026 the fund paid $66.4M in broker commissions, 144.9633% of average net assets, and portfolio turnover was 58%.
DWTFX Fees and Expenses
Annual operating expenses and sales charges of DWTFX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.64% |
| Gross expense ratio | 1.99% |
| Fee waiver | — |
| Net expense ratio | 1.99% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | 1.00% |
DWTFX Costs Over Time
On $10,000 invested in DWTFX, assuming 5% a year before costs, total costs come to $13,037 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 |
| Sales charges | $529 | $575 | $575 |
| Fund expenses (net expense ratio 1.99%) | $197 | $148 | $136 |
| Trading costs (broker commissions) | $14,346 | $10,760 | $9,889 |
| Lost growth on money paid in costs | $29 | $1,223 | $2,438 |
| Total costs | $15,100 | $12,706 | $13,037 |
| Value after costs | −$4,600 | −$1,129 | −$275 |
| Impact on return, per year | — | — | — |
DWTFX 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): 144.9633%
- Total broker commissions: $66.4M
- Bought from dealers (principal trades, not a cost): $90.4M
- Portfolio turnover (prospectus): 58%
DWTFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $9K | 88.75% |
| Barclays Capital Inc. | $1K | 11.25% |
DWTFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co LLC | $90.4M | 100.00% |
Arrow DWA Tactical: Macro Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DWTNX | Institutional Class | 1.74% | none |
| DWTFX | Class A | 1.99% | 5.75% |
| DWTTX | Class C | 2.74% | 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.