DWAT vs. CEFS ETF Comparison

Comparison of Arrow DWA Tactical ETF (DWAT) to Exchange Listed Funds Trust ETF (CEFS)
DWAT

Arrow DWA Tactical ETF

DWAT Description

The investment seeks to achieve long-term capital appreciation with capital preservation as a secondary objective. The fund primarily invests in other exchange traded funds that each invest primarily in domestic and foreign, equity securities of any market capitalization, fixed-income securities of any credit quality, or alternative assets. The fund may invest up to 25% of its total assets in the Tactical Subsidiary. The Tactical Subsidiary will invest primarily in commodity futures, fixed-income securities and cash equivalents, which are intended to serve as margin or collateral for its investments in commodity futures. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$11.90

Average Daily Volume

698

Number of Holdings *

5

* may have additional holdings in another (foreign) market
CEFS

Exchange Listed Funds Trust ETF

CEFS Description The investment seeks to provide capital appreciation and dividend income. The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by normally investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities issued by closed-end funds (the "underlying funds"). The advisor expects to invest in underlying funds operated by a diversified group of closed-end fund managers ("underlying fund managers"). The fund normally invests in underlying funds that primarily pursue high yield opportunities.

Grade (RS Rating)

Last Trade

$22.16

Average Daily Volume

47,568

Number of Holdings *

89

* may have additional holdings in another (foreign) market
Performance
Period DWAT CEFS
30 Days 0.39% -0.04%
60 Days 4.03% 1.46%
90 Days 6.31% 3.95%
12 Months 22.24% 29.19%
0 Overlapping Holdings
Symbol Grade Weight in DWAT Weight in CEFS Overlap
DWAT Overweight 5 Positions Relative to CEFS
Symbol Grade Weight
RPV A 11.02%
MTUM A 8.91%
PFM A 8.46%
PHYS C 8.24%
PSLV D 7.87%
DWAT Underweight 89 Positions Relative to CEFS
Symbol Grade Weight
BIGZ A -16.16%
GDV A -8.03%
PDX A -8.02%
ASA D -7.98%
ADX A -5.7%
BCAT A -4.77%
BFZ D -4.65%
NFJ A -4.6%
GAM B -4.11%
ASGI C -3.88%
ENX B -3.59%
BSTZ A -3.54%
EVM C -2.95%
NQP C -2.81%
NXJ D -2.75%
HQL D -2.62%
BOE A -2.55%
MHI D -2.15%
BMEZ D -1.98%
HQH D -1.85%
GRX D -1.73%
AFB D -1.68%
MAV C -1.6%
TEAF D -1.57%
BGY C -1.37%
LGI D -1.34%
NTG A -1.26%
IIF D -1.25%
ECF A -1.23%
EMO A -1.2%
VPV B -1.19%
KSM F -1.06%
AOD D -0.98%
BCX C -0.97%
LEO D -0.95%
VTN B -0.81%
EDD D -0.79%
NBH D -0.7%
JOF D -0.66%
IHD D -0.63%
GF F -0.61%
PGZ D -0.61%
DSM D -0.5%
HYB B -0.45%
CEV D -0.4%
QQQX B -0.37%
NDP A -0.37%
GLQ B -0.36%
CXE D -0.36%
BGR A -0.36%
BCV A -0.3%
DMB C -0.28%
FMN D -0.25%
EOD C -0.24%
PEO A -0.23%
CPZ A -0.22%
TWN D -0.21%
PCK D -0.21%
RA C -0.17%
GNT C -0.17%
TTP A -0.17%
VMO D -0.16%
MPA D -0.11%
AGD D -0.11%
FGB A -0.09%
SWZ F -0.08%
ERH B -0.08%
TYG A -0.07%
NML A -0.05%
VGM D -0.04%
GLO D -0.04%
GLV D -0.03%
HEQ C -0.03%
PNI D -0.02%
KYN A -0.02%
DIAX A -0.02%
MYN C -0.01%
MFM D -0.01%
BTT D -0.01%
MXE F -0.01%
MUJ D -0.0%
BHV D -0.0%
MIY D -0.0%
NAC D -0.0%
VFL D -0.0%
BNY D -0.0%
RMT B -0.0%
MHN D -0.0%
MUC D -0.0%
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