Arrow Investments Trust - Arrow DWA Tactical: Macro ETF is an exchange traded fund of funds launched and managed by Arrow Investment Advisors, LLC. The fund invests in public equity, commodity, and fixed income markets of global region. For its equity portion, the fund invests in stocks of companies operating across diversified sectors. It invests in growth and growth stocks of companies across diversified market capitalizations. For its fixed income portion, the fund invests in bonds, notes and debentures of any credit quality. For its commodity portion, it invests in commodities through derivatives such as futures. It benchmarks the performance of its portfolio against the S&P 500 Index, the Bloomberg Barclays Aggregate Bond Index, the Morningstar Global Flexible Allocation EW Index, the PCM Global Macro Index, and the Wilshire Liquid Alternative Global Macro Index. The fund conducts proprietary research to create its portfolio. Arrow Investments Trust - Arrow DWA Tactical: Macro ETF was formed on September 30, 2014 and is domiciled in the United States.