Arrow Managed Futures Stragegy Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 79.24 0.07 79.17
Stocks 0.0 0.0 0.0
Bonds 0.0 0.0 0.0
Other 20.83 0.0 20.83
Foreign Bonds 0.0 0.0 0.0
Foreign Stocks 0.0 0.0 0.0
Convertible 0.0 0.0 0.0
Preferred 0.0 0.0 0.0

Updated 04.30.2014

Top 10 Holdings

Performance as of 06.30.2014

Portfolio as of 04.30.2014

% Net Assets
Arrow Managed Futures TrndSPC 20.83
NYSE/Liffe 10 Year US Treasury Note Future June14 0.0