# EDGAR Filing Document

**Accession Number:** 0001532206
**File Stem:** 0000910472-26-010034
**Filing Date:** 2026-6
**Character Count:** 80794
**Document Hash:** 80e9e7b5cc71b08be7511083e1648686
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-010034.hdr.sgml**: 20260629

**ACCESSION NUMBER**: 0000910472-26-010034

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260629

**DATE AS OF CHANGE**: 20260629

**PERIOD START**: 20270131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Arrow ETF Trust
- **CENTRAL INDEX KEY:** 0001532206

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22624
- **FILM NUMBER:** 261131630

**BUSINESS ADDRESS:**
- **STREET 1:** 17605 WRIGHT STREET
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68130
- **BUSINESS PHONE:** 631-470-2600

**MAIL ADDRESS:**
- **STREET 1:** 17605 WRIGHT STREET
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Northern Lights ETF Trust
- **DATE OF NAME CHANGE:** 20111007

## Series and Classes Contracts Data

### Arrow Dow Jones Global Yield ETF (Series ID: S000035751)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000109586 | Arrow Dow Jones Global Yield ETF | GYLD            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **April 30, 2026** | **April 30, 2026** | **April 30, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 45.0%** |  |
|  | **ASSET MANAGEMENT - 0.7%** |  |
| 13242 | Alaris Equity Partners Income | &nbsp;&nbsp;&nbsp; $219631 |
|  | **BANKING - 4.9%** |  |
| 82441 | Banco del Bajio S.A. 144A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 259362 |
| 974551 | Bank Mandiri Persero Tbk P.T. | &nbsp;&nbsp;&nbsp; 246204 |
| 3948 | Bank Polska Kasa Opieki S.A. | &nbsp;&nbsp;&nbsp; 246403 |
| 1357835 | Bank Rakyat Indonesia Persero Tbk P.T. | &nbsp;&nbsp;&nbsp; 233638 |
| 28514 | Grupo Financiero Banorte SAB de CV | &nbsp;&nbsp;&nbsp; 310665 |
| 4746 | Komercni banka as | &nbsp;&nbsp;&nbsp; 252602 |
|  |  | &nbsp;&nbsp; 1548874 |
|  | **CHEMICALS - 0.7%** |  |
| 17937 | Chemtrade Logistics Income Fund | &nbsp;&nbsp;&nbsp; 225404 |
|  | **COMMERCIAL SUPPORT SERVICES - 0.9%** |  |
| 11010 | Robert Half International, Inc. | &nbsp;&nbsp;&nbsp; 292976 |
|  | **ELECTRIC UTILITIES - 0.0%<sup>(b)</sup>** |  |
| 114622657 | Federal Grid Company Unified Energy System PJSC<sup>(c) (e) (f)</sup> | &nbsp;&nbsp;&nbsp; – |
|  | **FOOD – 0.9%** |  |
| 3949 | Cal-Maine Foods, Inc. | &nbsp;&nbsp;&nbsp; 305100 |
|  | **GAS & WATER UTILITIES - 0.9%** |  |
| 2488101 | Perusahaan Gas Negara Tbk P.T. | &nbsp;&nbsp;&nbsp; 277776 |
|  | **HEALTH CARE FACILITIES & SERVICES - 0.7%** |  |
| 13297 | Chartwell Retirement Residences | &nbsp;&nbsp;&nbsp; 210852 |
|  | **HEALTH CARE REIT - 2.7%** |  |
| 12978 | Community Healthcare Trust, Inc. | &nbsp;&nbsp;&nbsp; 223481 |
| 6232 | Global Medical REIT, Inc. | &nbsp;&nbsp;&nbsp; 218556 |
| 169712 | Primary Health Properties plc | &nbsp;&nbsp;&nbsp; 215638 |
| 4995 | Universal Health Realty Income Trust | &nbsp;&nbsp;&nbsp; 203297 |
|  |  | &nbsp;&nbsp; 860972 |

---

---

| | | |
|:---|:---|:---|
| **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **April 30, 2026** | **April 30, 2026** | **April 30, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 45.0% (Continued)** |  |
|  | **HOTEL REIT - 2.7%** |  |
| 18906 | Apple Hospitality REIT, Inc. | &nbsp;&nbsp;&nbsp; $254664 |
| 239347 | CapitaLand Ascott Trust | &nbsp;&nbsp;&nbsp; 168285 |
| 19592 | Park Hotels & Resorts, Inc. | &nbsp;&nbsp;&nbsp; 224720 |
| 27614 | RLJ Lodging Trust | &nbsp;&nbsp;&nbsp; 227539 |
|  |  | &nbsp;&nbsp; 875208 |
|  | **INDUSTRIAL REIT - 1.4%** |  |
| 293660 | Frasers Logistics & Commercial Trust | &nbsp;&nbsp;&nbsp; 221468 |
| 4394 | Innovative Industrial Properties, Inc. | &nbsp;&nbsp;&nbsp; 238375 |
|  |  | &nbsp;&nbsp; 459843 |
|  | **INSURANCE - 0.9%** |  |
| 27455 | Phoenix Group Holdings PLC | &nbsp;&nbsp;&nbsp; 282364 |
|  | **METALS & MINING - 4.8%** |  |
| 1848008 | Adaro Energy Tbk P.T. | &nbsp;&nbsp;&nbsp; 267997 |
| 1546424 | Bukit Asam Tbk P.T. | &nbsp;&nbsp;&nbsp; 255409 |
| 19168 | Exxaro Resources Ltd. | &nbsp;&nbsp;&nbsp; 252936 |
| 164192 | Indo Tambangraya Megah Tbk P.T. | &nbsp;&nbsp;&nbsp; 251811 |
| 13230 | Kumba Iron Ore Ltd. | &nbsp;&nbsp;&nbsp; 248068 |
| 148333 | United Tractors Tbk P.T. | &nbsp;&nbsp;&nbsp; 247976 |
|  |  | &nbsp;&nbsp; 1524197 |
|  | **MULTI ASSET CLASS REIT - 4.7%** |  |
| 10992 | Broadstone Net Lease, Inc. | &nbsp;&nbsp;&nbsp; 217642 |
| 89093 | Charter Hall Long Wale REIT | &nbsp;&nbsp;&nbsp; 224513 |
| 3148 | Covivio | &nbsp;&nbsp;&nbsp; 207674 |
| 127607 | Fibra Uno Administracion S.A. de CV | &nbsp;&nbsp;&nbsp; 218876 |
| 17146 | Gladstone Commercial Corporation | &nbsp;&nbsp;&nbsp; 216211 |
| 22356 | Global Net Lease, Inc. | &nbsp;&nbsp;&nbsp; 213723 |
| 203148 | Growthpoint Properties Ltd. | &nbsp;&nbsp;&nbsp; 199306 |
|  |  | &nbsp;&nbsp; 1497945 |
|  | **OFFICE REIT - 3.8%** |  |
| 79029 | Brandywine Realty Trust | &nbsp;&nbsp;&nbsp; 239458 |
| 23267 | Douglas Emmett, Inc. | &nbsp;&nbsp;&nbsp; 251516 |
| 9465 | Easterly Government Properties, Inc. | &nbsp;&nbsp;&nbsp; 221576 |
| 10126 | Highwoods Properties, Inc. | &nbsp;&nbsp;&nbsp; 246163 |

---

---

| | | |
|:---|:---|:---|
| **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **April 30, 2026** | **April 30, 2026** | **April 30, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 45.0% (Continued)** |  |
|  | **OFFICE REIT - 3.8% (Continued)** |  |
| 5795 | SL Green Realty Corporation | &nbsp;&nbsp;&nbsp; $245766 |
|  |  | &nbsp;&nbsp; 1204479 |
|  | **OIL & GAS PRODUCERS - 2.7%** |  |
| 9500 | Antero Midstream Corporation | &nbsp;&nbsp;&nbsp; 207670 |
| 5296 | Hess Midstream, L.P., Class A | &nbsp;&nbsp;&nbsp; 207074 |
| 14493 | Kimbell Royalty Partners, L.P. | &nbsp;&nbsp;&nbsp; 223192 |
| 4573 | Kinetik Holdings, Inc. | &nbsp;&nbsp;&nbsp; 231119 |
|  |  | &nbsp;&nbsp; 869055 |
|  | **PUBLISHING & BROADCASTING - 0.8%** |  |
| 16998854 | Surya Citra Media Tbk P.T. | &nbsp;&nbsp;&nbsp; 244560 |
|  | **REAL ESTATE OWNERS & DEVELOPERS - 0.7%** |  |
| 25759 | NEPI Rockcastle N.V. | &nbsp;&nbsp;&nbsp; 217940 |
|  | **RESIDENTIAL REIT - 0.8%** |  |
| 8755 | NexPoint Residential Trust, Inc. | &nbsp;&nbsp;&nbsp; 252932 |
|  | **RETAIL - DISCRETIONARY - 2.3%** |  |
| 721247 | Astra International Tbk P.T. | &nbsp;&nbsp;&nbsp; 247997 |
| 54234 | Dogus Otomotiv Servis ve Ticaret A/S | &nbsp;&nbsp;&nbsp; 216648 |
| 84566 | Truworths International Ltd. | &nbsp;&nbsp;&nbsp; 262703 |
|  |  | &nbsp;&nbsp; 727348 |
|  | **RETAIL REIT - 2.8%** |  |
| 27160 | Land Securities Group plc | &nbsp;&nbsp;&nbsp; 218365 |
| 485107 | Lendlease Global Commercial REIT | &nbsp;&nbsp;&nbsp; 217224 |
| 10918 | SmartCentres Real Estate Investment Trust | &nbsp;&nbsp;&nbsp; 226738 |
| 195175 | Supermarket Income Reit plc | &nbsp;&nbsp;&nbsp; 222236 |
|  |  | &nbsp;&nbsp; 884563 |
|  | **SPECIALTY REIT - 0.7%** |  |
| 4062 | EPR Properties | &nbsp;&nbsp;&nbsp; 226700 |
|  | **STEEL - 0.9%** |  |
| 14212 | Severstal PAO<sup>(c) (e) (f)</sup> | &nbsp;&nbsp;&nbsp; – |

---

---

| | | |
|:---|:---|:---|
| **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **April 30, 2026** | **April 30, 2026** | **April 30, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 45.0% (Continued)** |  |
|  | **STEEL - 0.9% (Continued)** |  |
| 6514 | Ternium S.A. - ADR | &nbsp;&nbsp;&nbsp; $286160 |
|  |  | &nbsp;&nbsp; 286160 |
|  | **TECHNOLOGY SERVICES - 1.7%** |  |
| 4152 | Teleperformance | &nbsp;&nbsp;&nbsp; 280439 |
| 29343 | Western Union Company (The) | &nbsp;&nbsp;&nbsp; 266728 |
|  |  | &nbsp;&nbsp; 547167 |
|  | **TELECOMMUNICATIONS - 0.9%** |  |
| 22168 | TELUS Corporation | &nbsp;&nbsp;&nbsp; 277765 |
|  | **TRANSPORTATION & LOGISTICS - 0.0%<sup>(b)</sup>** |  |
| 36615 | Globaltrans Investment plc<sup>(c) (e) (f)</sup> | &nbsp;&nbsp;&nbsp; – |
|  | **TOTAL COMMON STOCKS (Cost $13,458,163)** | &nbsp;&nbsp; 14319811 |
|  | **MASTER LIMITED PARTNERSHIPS — 15.5%** |  |
|  | **ASSET MANAGEMENT - 0.7%** |  |
| 26659 | Icahn Enterprises, L.P. | &nbsp;&nbsp;&nbsp; 220470 |
|  | **CHEMICALS - 1.4%** |  |
| 1815 | CVR Partners, L.P. | &nbsp;&nbsp;&nbsp; 233790 |
| 9084 | Westlake Chemical Partners, L.P. | &nbsp;&nbsp;&nbsp; 209386 |
|  |  | &nbsp;&nbsp; 443176 |
|  | **ELECTRIC UTILITIES - 1.2%** |  |
| 5472 | Brookfield Infrastructure Partners, L.P. | &nbsp;&nbsp;&nbsp; 196059 |
| 6117 | Brookfield Renewable Partners, L.P. | &nbsp;&nbsp;&nbsp; 201877 |
|  |  | &nbsp;&nbsp; 397936 |
|  | **GAS & WATER UTILITIES - 0.7%** |  |
| 10442 | Suburban Propane Partners, L.P. | &nbsp;&nbsp;&nbsp; 209884 |
|  | **METALS & MINING - 0.7%** |  |
| 7951 | Alliance Resource Partners, L.P. | &nbsp;&nbsp;&nbsp; 211576 |
|  | **OIL & GAS PRODUCERS - 10.2%** |  |
| 14564 | Black Stone Minerals, L.P. | &nbsp;&nbsp;&nbsp; 208556 |
| 3382 | Cheniere Energy Partners, L.P. | &nbsp;&nbsp;&nbsp; 226663 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **April 30, 2026** | **April 30, 2026** | **April 30, 2026** | **April 30, 2026** | **April 30, 2026** | **April 30, 2026** |
| **Shares** |  |  |  |  | &nbsp;&nbsp;&nbsp;**Fair Value** |
|  | **MASTER LIMITED PARTNERSHIPS — 15.5% (Continued)** |  |  |  |  |
|  | **OIL & GAS PRODUCERS - 10.2% (Continued0** |  |  |  |  |
| 4245 | Delek Logistics Partners, L.P. |  |  |  | &nbsp;&nbsp;&nbsp; $225537 |
| 7430 | Dorchester Minerals, L.P. |  |  |  | &nbsp;&nbsp;&nbsp; 207891 |
| 10866 | Energy Transfer, L.P. |  |  |  | &nbsp;&nbsp;&nbsp; 219385 |
| 5592 | Enterprise Products Partners, L.P. |  |  |  | &nbsp;&nbsp;&nbsp; 216410 |
| 11637 | Genesis Energy, L.P. |  |  |  | &nbsp;&nbsp;&nbsp; 202367 |
| 4410 | Global Partners, L.P. |  |  |  | &nbsp;&nbsp;&nbsp; 212738 |
| 16730 | Mach Natural Resources, L.P. |  |  |  | &nbsp;&nbsp;&nbsp; 230875 |
| 3716 | MPLX, L.P. |  |  |  | &nbsp;&nbsp;&nbsp; 209099 |
| 9618 | Plains All American Pipeline, L.P. |  |  |  | &nbsp;&nbsp;&nbsp; 221406 |
| 8867 | Plains GP Holdings, L.P., Class A |  |  |  | &nbsp;&nbsp;&nbsp; 216798 |
| 3159 | Sunoco, L.P. |  |  |  | &nbsp;&nbsp;&nbsp; 220024 |
| 16961 | TXO Partners, L.P. |  |  |  | &nbsp;&nbsp;&nbsp; 210825 |
| 5084 | Western Midstream Partners, L.P. |  |  |  | &nbsp;&nbsp;&nbsp; 221053 |
|  |  |  |  |  | &nbsp;&nbsp; 3249627 |
|  | **OIL & GAS SERVICES & EQUIPMENT - 0.6%** | **OIL & GAS SERVICES & EQUIPMENT - 0.6%** |  |  |  |
| 7359 | USA Compression Partners, L.P. |  |  |  | &nbsp;&nbsp;&nbsp; 202152 |
|  | **TOTAL MASTER LIMITED PARTNERSHIPS (Cost $3,505,564)** | **TOTAL MASTER LIMITED PARTNERSHIPS (Cost $3,505,564)** |  |  | &nbsp;&nbsp; 4934821 |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 16.0%** | **CORPORATE BONDS — 16.0%** |  |  |  |
|  | **ASSET MANAGEMENT** — **0.5%** | **ASSET MANAGEMENT** — **0.5%** |  |  |  |
| 177000 | Icahn Enterprises, L.P. / Icahn Enterprises |  | 9.0000 | &nbsp;&nbsp;&nbsp;06/15/30 | 169965 |
|  | **BIOTECH & PHARMA** — **0.8%** | **BIOTECH & PHARMA** — **0.8%** |  |  |  |
| 228000 | Organon & Company / Organon Foreign Debt Co-Issuer |  | 7.8750 | &nbsp;&nbsp;&nbsp;05/15/34 | 245242 |
|  | **CABLE & SATELLITE** — **0.5%** | **CABLE & SATELLITE** — **0.5%** |  |  |  |
| 161000 | Directv Financing, LLC / Directv Financing |  | 10.0000 | &nbsp;&nbsp;&nbsp;02/15/31 | 168060 |
|  | **CHEMICALS** — **0.4%** | **CHEMICALS** — **0.4%** |  |  |  |
| 214000 | FMC Corporation<sup>(d)</sup> | H15T5Y + 4.366% | 8.4500 | &nbsp;&nbsp;&nbsp;11/01/55 | 140958 |
|  | **COMMERCIAL SUPPORT SERVICES** — **0.6%** | **COMMERCIAL SUPPORT SERVICES** — **0.6%** |  |  |  |
| 177000 | RR Donnelley & Sons Company |  | 9.5000 | &nbsp;&nbsp;&nbsp;08/01/29 | 182792 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **April 30, 2026** | **April 30, 2026** | **April 30, 2026** | **April 30, 2026** | **April 30, 2026** | **April 30, 2026** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
| | **CORPORATE BONDS — 16.0% (Continued)** |  |  |  |  |
|  | **ELECTRIC UTILITIES** — **0.6%** | **ELECTRIC UTILITIES** — **0.6%** |  |  |  |
| 193000 | AES Corporation (The)<sup>(d)</sup> | H15T5Y + 2.890% | 6.9500 | &nbsp;&nbsp;&nbsp;07/15/55 | $188357 |
|  | **ENTERTAINMENT CONTENT** — **0.6%** | **ENTERTAINMENT CONTENT** — **0.6%** |  |  |  |
| 260000 | Paramount Global |  | 5.8500 | &nbsp;&nbsp;&nbsp;09/01/43 | 191075 |
|  | **FORESTRY, PAPER & WOOD PRODUCTS** — **1.3%** | **FORESTRY, PAPER & WOOD PRODUCTS** — **1.3%** |  |  |  |
| 277000 | Domtar Corporation |  | 6.7500 | &nbsp;&nbsp;&nbsp;10/01/28 | 219062 |
| 195000 | Magnera Corporation |  | 7.2500 | &nbsp;&nbsp;&nbsp;11/15/31 | 182768 |
|  |  |  |  |  | 401830 |
|  | **INSURANCE** — **1.2%** | **INSURANCE** — **1.2%** |  |  |  |
| 200000 | APH Somerset Investor 2, LLC / APH2 Somerset |  | 7.8750 | &nbsp;&nbsp;&nbsp;11/01/29 | 193778 |
| 187000 | Global Atlantic Fin Company<sup>(d)</sup> | H15T5Y + 3.608% | 7.9500 | &nbsp;&nbsp;&nbsp;10/15/54 | 187990 |
|  |  |  |  |  | 381768 |
|  | **INTERNET MEDIA & SERVICES** — **0.5%** | **INTERNET MEDIA & SERVICES** — **0.5%** |  |  |  |
| 186000 | Getty Images, Inc. |  | 11.2500 | &nbsp;&nbsp;&nbsp;02/21/30 | 166586 |
|  | **LEISURE FACILITIES & SERVICES** — **0.5%** | **LEISURE FACILITIES & SERVICES** — **0.5%** |  |  |  |
| 189000 | Resorts World Las Vegas, LLC / RWLV Capital, Inc. |  | 4.6250 | &nbsp;&nbsp;&nbsp;04/16/29 | 168952 |
|  | **MEDICAL EQUIPMENT & DEVICES** — **0.6%** | **MEDICAL EQUIPMENT & DEVICES** — **0.6%** |  |  |  |
| 175000 | DENTSPLY SIRONA, Inc.<sup>(d)</sup> | H15T5Y + 4.379% | 8.3750 | &nbsp;&nbsp;&nbsp;09/12/55 | 176031 |
|  | **OIL & GAS SERVICES & EQUIPMENT** — **0.6%** | **OIL & GAS SERVICES & EQUIPMENT** — **0.6%** |  |  |  |
| 171000 | Nabors Industries, Inc. |  | 7.6250 | &nbsp;&nbsp;&nbsp;11/15/32 | 178411 |
|  | **REAL ESTATE INVESTMENT TRUSTS** — **0.6%** | **REAL ESTATE INVESTMENT TRUSTS** — **0.6%** |  |  |  |
| 211000 | Hudson Pacific Properties, L.P. |  | 4.6500 | &nbsp;&nbsp;&nbsp;04/01/29 | 188922 |
|  | **RETAIL - DISCRETIONARY** — **1.1%** | **RETAIL - DISCRETIONARY** — **1.1%** |  |  |  |
| 160000 | Hertz Corporation (The) |  | 12.6250 | &nbsp;&nbsp;&nbsp;07/15/29 | 150921 |
| 240000 | Kohl's Corporation |  | 5.1250 | &nbsp;&nbsp;&nbsp;05/01/31 | 195888 |
|  |  |  |  |  | 346809 |
|  | **SOFTWARE** — **1.1%** | **SOFTWARE** — **1.1%** |  |  |  |
| 190000 | Cloud Software Group, Inc. |  | 8.2500 | &nbsp;&nbsp;&nbsp;06/30/32 | 180397 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **April 30, 2026** | **April 30, 2026** | **April 30, 2026** | **April 30, 2026** | **April 30, 2026** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | &nbsp;&nbsp;&nbsp;**Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 16.0% (Continued)** |  |  |  |
|  | **SOFTWARE** — **1.1% (Continued)** |  |  |  |
| 188000 | CoreWeave, Inc. | 9.0000 | &nbsp;&nbsp;&nbsp;02/01/31 | $186655 |
|  |  |  |  | 367052 |
|  | **SPECIALTY FINANCE** — **2.3%** |  |  |  |
| 192000 | Arbor Realty SR, Inc. | 7.8750 | &nbsp;&nbsp;&nbsp;07/15/30 | 181475 |
| 200000 | Burford Capital Global Finance, LLC | 9.2500 | &nbsp;&nbsp;&nbsp;07/01/31 | 186206 |
| 192000 | Freedom Mortgage Holdings, LLC | 7.8750 | &nbsp;&nbsp;&nbsp;04/01/33 | 187247 |
| 177000 | Navient Corporation | 11.5000 | &nbsp;&nbsp;&nbsp;03/15/31 | 190128 |
|  |  |  |  | 745056 |
|  | **TELECOMMUNICATIONS** — **1.2%** |  |  |  |
| 206000 | Cogent Communications Group, LLC / Cogent Finance, | 6.5000 | &nbsp;&nbsp;&nbsp;07/01/32 | 191303 |
| 201000 | Vmed O2 UK Financing I plc | 6.7500 | &nbsp;&nbsp;&nbsp;01/15/33 | 183930 |
|  |  |  |  | 375233 |
|  | **TRANSPORTATION & LOGISTICS** — **1.0%** |  |  |  |
| 169000 | JetBlue Airways Corp / JetBlue Loyalty, L.P. | 9.8750 | &nbsp;&nbsp;&nbsp;09/20/31 | 156681 |
| 177000 | Star Leasing Company, LLC | 7.6250 | &nbsp;&nbsp;&nbsp;02/15/30 | 171446 |
|  |  |  |  | 328127 |
|  | **TOTAL CORPORATE BONDS (Cost $5,070,346)** |  |  | 5111226 |
|  | **NON U.S. GOVERNMENT & AGENCIES — 16.8%** |  |  |  |
|  | **SOVEREIGN** — **16.8%** |  |  |  |
| 168000 | Brazilian Government International Bond | 6.1250 | &nbsp;&nbsp;&nbsp;03/15/34 | 170520 |
| 164000 | Brazilian Government International Bond | 6.6250 | &nbsp;&nbsp;&nbsp;03/15/35 | 169879 |
| 186000 | Brazilian Government International Bond | 5.6250 | &nbsp;&nbsp;&nbsp;01/07/41 | 173919 |
| 200000 | Chile Government International Bond | 5.3300 | &nbsp;&nbsp;&nbsp;01/05/54 | 191585 |
| 192000 | Colombia Government International Bond | 3.0000 | &nbsp;&nbsp;&nbsp;01/30/30 | 174384 |
| 204000 | Colombia Government International Bond | 3.1250 | &nbsp;&nbsp;&nbsp;04/15/31 | 177745 |
| 160000 | Colombia Government International Bond | 7.5000 | &nbsp;&nbsp;&nbsp;02/02/34 | 167760 |
| 160000 | Colombia Government International Bond | 8.0000 | &nbsp;&nbsp;&nbsp;11/14/35 | 173760 |
| 156000 | Colombia Government International Bond | 8.7500 | &nbsp;&nbsp;&nbsp;11/14/53 | 177567 |
| 200000 | Hungary Government International Bond | 5.5000 | &nbsp;&nbsp;&nbsp;06/16/34 | 203364 |
| 200000 | Hungary Government International Bond | 5.5000 | &nbsp;&nbsp;&nbsp;03/26/36 | 200671 |
| 200000 | Hungary Government International Bond | 6.7500 | &nbsp;&nbsp;&nbsp;09/25/52 | 216278 |
| 205000 | Mexico Government International Bond | 3.5000 | &nbsp;&nbsp;&nbsp;02/12/34 | 175788 |
| 165000 | Mexico Government International Bond | 6.3500 | &nbsp;&nbsp;&nbsp;02/09/35 | 170445 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **April 30, 2026** | **April 30, 2026** | **April 30, 2026** | **April 30, 2026** | **April 30, 2026** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **NON U.S. GOVERNMENT & AGENCIES — 16.8% (Continued)** |  |  |  |
|  | **SOVEREIGN** — **16.8% (Continued)** |  |  |  |
| 232000 | Mexico Government International Bond | 4.6000 | &nbsp;&nbsp;&nbsp;02/10/48 | $177364 |
| 150000 | Panama Government International Bond | 3.2980 | &nbsp;&nbsp;&nbsp;01/19/33 | 134430 |
| 174000 | Panama Government International Bond | 6.4000 | &nbsp;&nbsp;&nbsp;02/14/35 | 186006 |
| 175000 | Panama Government International Bond | 6.8530 | &nbsp;&nbsp;&nbsp;03/28/54 | 189131 |
| 170000 | Perusahaan Penerbit SBSN Indonesia III | 5.6500 | &nbsp;&nbsp;&nbsp;11/25/54 | 166388 |
| 270000 | Peruvian Government International Bond | 3.6000 | &nbsp;&nbsp;&nbsp;01/15/72 | 169702 |
| 182000 | Republic of Poland Government International Bond | 5.5000 | &nbsp;&nbsp;&nbsp;03/18/54 | 170254 |
| 166000 | Republic of South Africa Government International | 5.8750 | &nbsp;&nbsp;&nbsp;06/22/30 | 169355 |
| 172000 | Republic of South Africa Government International | 5.8750 | &nbsp;&nbsp;&nbsp;04/20/32 | 174768 |
| 200000 | Republic of South Africa Government International | 7.1000 | &nbsp;&nbsp;&nbsp;11/19/36 | 209546 |
| 181000 | Republic of South Africa Government International | 7.3000 | &nbsp;&nbsp;&nbsp;04/20/52 | 174127 |
| 148000 | Turkey Government International Bond | 9.1250 | &nbsp;&nbsp;&nbsp;07/13/30 | 163980 |
| 141000 | Turkey Government International Bond | 9.3750 | &nbsp;&nbsp;&nbsp;01/19/33 | 159989 |
| 240000 | Turkey Government International Bond | 5.2500 | &nbsp;&nbsp;&nbsp;03/13/30 | 232541 |
| 175000 | Turkey Government International Bond | 6.5000 | &nbsp;&nbsp;&nbsp;01/03/35 | 169147 |
| 180000 | Turkey Government International Bond | 6.6250 | &nbsp;&nbsp;&nbsp;02/17/45 | 158687 |
|  | **TOTAL NON U.S. GOVERNMENT & AGENCIES (Cost $5,181,350)** |  |  | 5349080 |
|  | **TOTAL INVESTMENTS - 93.3% (Cost $27,215,423)** |  |  | &nbsp;&nbsp;&nbsp; $29714938 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 6.7%** |  |  | &nbsp;&nbsp; 2133533 |
|  | **NET ASSETS - 100.0%** |  |  | &nbsp;&nbsp; $31848471 |

---

---

| | |
|:---|:---|
| ADR | - American Depositary Receipt |
| A/S | - Anonim Sirketi |
| LLC | - Limited Liability Company |
| LP | - Limited Partnership |
| LTD | - Limited Company |
| NV | - Naamioze Vennootschap |
| PJSC | - Public Joint-Stock Company |
| PLC | - Public Limited Company |
| PT | - Perseroan Terbatas |
| REIT | - Real Estate Investment Trust |
| S/A | - Société Anonyme |
| SA de CV | - Sociedad Anonima de Capital Variable |
| H15T5Y | US Treasury Yield Curve Rate T Note Constant Maturity 5 Year |
| <sup>(a)</sup> | Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of April 30, 2026 the total market value of 144A securities is $259,362 or 0.8% of net assets. |
| <sup>(b)</sup> | Percentage rounds to less than 0.1%. |
| <sup>(c)</sup> | Non-income producing security. |
| <sup>(d)</sup> | Variable rate security; the rate shown represents the rate on April 30, 2026. |
| <sup>(e)</sup> | Illiquid security. The total fair value of these securities as of January 31, 2026 was $0, representing 0.0% of net assets. |
| <sup>(f)</sup> | The fair value of this investment is determined using significant unobservable inputs. |

---

---

| | |
|:---|:---|
| **ARROW DOW JONES GLOBAL YIELD ETF** | **ARROW DOW JONES GLOBAL YIELD ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **April 30, 2026** | **April 30, 2026** |
| Diversification of Assets | Diversification of Assets |
| Country | % of Net Assets |
| United States | 47.5% |
| Indonesia | 7.7% |
| South Africa | 5.3% |
| Mexico | 4.1% |
| Canada | 3.6% |
| United Kingdom | 3.5% |
| Turkey | 3.5% |
| Colombia | 2.7% |
| Hungary | 2.0% |
| Singapore | 1.9% |
| Brazil | 1.6% |
| Panama | 1.6% |
| Luxembourg | 1.6% |
| France | 1.5% |
| Poland | 1.3% |
| Bermuda | 1.3% |
| Czech Republic | 0.8% |
| Australia | 0.7% |
| Chile | 0.6% |
| Peru | 0.5% |
| Cyprus<sup>+</sup> | 0.0% |
| Russian Federation<sup>+</sup> | 0.0% |
| Total | 93.3% |
| Other Assets Less Liabilities - Net | 6.7% |
| Grand Total | 100.0% |

---

---

| | |
|:---|:---|
| <sup>+</sup> | Percentage rounds to less than 0.1%. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Arrow ETF Trust

- **b. Investment Company Act file number:** 811-22624

- **c. CIK number of Registrant:** 0001532206

- **d. LEI of Registrant:** 5493008WO2LCDD28WG98

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 6100 CHEVY CHASE DR

  - **City:** LAUREL

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 68130

  - **Telephone number:** 301-260-1001

**Item A.2. Information about the Series.**

- **a. Name of Series:** Arrow Dow Jones Global Yield ETF

- **b. EDGAR series identifier (if any):** S000035751

- **c. LEI of Series:** 549300KJZRUKTBTGG770

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2027-01-31

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $31853860.27

**Total Liabilities:** $5389.28

**Net Assets:** $31848470.99

**Cash Not Reported:** $1833075.51

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 23.07131800 | **5-Year:** 247.35518200 | **10-Year:** 855.38188600 | **30-Year:** 1629.92038500

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 333.83345800 | **5-Year:** 1678.16553300 | **10-Year:** 835.66524000 | **30-Year:** 732.06861100

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000109586 | 3.75%                | -2.93%               | 4.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $869816.06                                 |
| Month 2  | $509.59                  | $-898750.66                                |
| Month 3  | $785396.50               | $244706.80                                 |

### Schedule of Portfolio Investments

| Name                                                                    | Title                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY                           | SOAF 7.1 11/19/36         | CUSIP: S7836LAA6<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $209545.99    | 0.66%             | 2036-11-19      | Fixed         | 7.10%                 | Yes           |                  2 | On Loan: No      |
| COLOMBIA, REPUBLIC OF - MINISTERO DE HACIENDA Y CREDITO PUBLICO         | COLOM 3 1/8 04/15/31      | CUSIP: 195325DS1<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    204000 | PA      | $177745.20    | 0.56%             | 2031-04-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY SR INC                                                     | ABR 7 7/8 07/15/30        | CUSIP: U0409AAB7<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              | CORP              | US        |    192000 | PA      | $181474.97    | 0.57%             | 2030-07-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| TELEPERFORMANCE SE                                                      | TELEPERFORMANCE           | CUSIP: F9120F106<br>LEI: 9695004GI61FHFFNRG61 | Long             | EC               | CORP              | FR        |      4152 | NS      | $280439.11    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNGARY, REPUBLIC OF - MINISTRY OF FINANCE                              | REPHUN 6 3/4 09/25/52     | CUSIP: X93622GL0<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    200000 | PA      | $216278.07    | 0.68%             | 2052-09-25      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CAPITALAND ASCOTT TRUST                                                 | CAPITALAND ASCOT          | CUSIP: Y0261Y177<br>LEI: 549300W6RTG7Y32IWY65 | Long             | EC               | CORP              | SG        |    239347 | NS      | $168285.43    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| FRASERS LOGISTICS & COMMERCIAL TRUST                                    | FRASERS LOGISTICS & INDUS | CUSIP: Y26465107<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    293660 | NS      | $221468.27    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| EASTERLY GOVERNMENT PROPERTIES INC                                      | EASTERLY GOVERNM          | CUSIP: 27616P301<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               | CORP              | US        |      9465 | NS      | $221575.65    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNGARY, REPUBLIC OF - MINISTRY OF FINANCE                              | REPHUN 5 1/2 03/26/36     | CUSIP: X93622GS5<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    200000 | PA      | $200670.85    | 0.63%             | 2036-03-26      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| GLADSTONE COMMERCIAL CORP                                               | GLADSTONE COMMERCIAL CORP | CUSIP: 376536108<br>LEI: 529900EVVV534W8R0T32 | Long             | EC               | CORP              | US        |     17146 | NS      | $216211.06    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE HOSPITALITY REIT INC                                              | APPLE HOSPITALIT          | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |     18906 | NS      | $254663.82    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVIENT CORP                                                            | NAVI 11 1/2 03/15/31      | CUSIP: 63938CAP3<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    177000 | PA      | $190127.38    | 0.60%             | 2031-03-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY                           | SOAF 5 7/8 04/20/32       | CUSIP: 836205BC7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    172000 | PA      | $174768.13    | 0.55%             | 2032-04-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DOGUS OTOMOTIV SERVIS VE TICARET AS                                     | DOGUS OTOMOTIV S          | CUSIP: M28191100<br>LEI: 789000PVDP82LTUNS694 | Long             | EC               | CORP              | TR        |     54234 | NS      | $216648.42    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| MPLX LP                                                                 | MPLX LP                   | CUSIP: 55336V100<br>LEI: 5493000CZJ19CK4P3G36 | Long             | EC               | CORP              | US        |      3716 | NS      | $209099.32    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| R.R. DONNELLEY & SONS COMPANY                                           | RRD 9 1/2 08/01/29        | CUSIP: U25783AJ7<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |    177000 | PA      | $182792.33    | 0.57%             | 2029-08-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| DOMTAR CORP                                                             | UFS 6 3/4 10/01/28        | CUSIP: U7051JAA6<br>LEI: XYSIJOU3HNVROZWNA008 | Long             | DBT              | CORP              | US        |    277000 | PA      | $219062.68    | 0.69%             | 2028-10-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| PRIMARY HEALTH PROPERTIES PLC                                           | PRIMARY HEALTH            | CUSIP: G7240B186<br>LEI: 213800Y5CJHXOATK7X11 | Long             | EC               | CORP              | GB        |    169712 | NS      | $215637.77    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| SEVERSTAL PJSC                                                          | SEVERSTAL                 | CUSIP: X7803S106<br>LEI: 213800OKDPTV6K4ONO53 | Long             | EC               | CORP              | RU        |     14212 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| POLAND, REPUBLIC OF - STATE TREASURY                                    | POLAND 5 1/2 03/18/54     | CUSIP: 731011AZ5<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    182000 | PA      | $170253.80    | 0.53%             | 2054-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DORCHESTER MINERALS LP                                                  | DORCHESTER MINER          | CUSIP: 25820R105<br>LEI: 529900J537JTEZOMXG05 | Long             | EC               | CORP              | US        |      7430 | NS      | $207891.40    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| PERUSAHAAN PENERBIT SURAT BERHARGA SYARIAH NEGARA INDONESIA III         | INDOIS 5.65 11/25/54      | CUSIP: Y68613AF8<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |    170000 | PA      | $166387.50    | 0.52%             | 2054-11-25      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS PARTNERS LP                                         | ENTERPRISE PRODU          | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |      5592 | NS      | $216410.40    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL HEALTH REALTY INCOME TRUST                                    | UNIVERSAL HEALTH          | CUSIP: 91359E105<br>LEI: 549300L4MWZL4IH6H172 | Long             | EC               | CORP              | US        |      4995 | NS      | $203296.50    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| BRANDYWINE REALTY TRUST                                                 | BRANDYWINE RLTY           | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               | CORP              | US        |     79029 | NS      | $239457.87    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| TERNIUM SA                                                              | TERNIUM SA-ADR            | CUSIP: 880890108<br>LEI: 529900QG4KU23TEI2E46 | Long             | EC               | CORP              | LU        |      6514 | NS      | $286160.02    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| APH/APH2/APH3 SOMERSET INVESTOR 2 LLC / AQUARIAN INSURANCE HOLDINGS LLC | AQUARI 7 7/8 11/01/29     | CUSIP: U00406AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $193778.00    | 0.61%             | 2029-11-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| CHARTER HALL LONG WALE REIT                                             | CHARTER HLW REIT          | CUSIP: Q2308E106<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     89093 | NS      | $224512.56    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| CVR PARTNERS LP                                                         | CVR PARTNERS LP           | CUSIP: 126633205<br>LEI: 529900LE0OS06MYQRP11 | Long             | EC               | CORP              | US        |      1815 | NS      | $233790.15    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRA INTERNATIONAL TBK PT                                              | Astra International Tbk P | CUSIP: Y7117N172<br>LEI: 529900L49TRJOMG4DK47 | Long             | EC               | CORP              | ID        |    721247 | NS      | $247997.40    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| DELEK LOGISTICS PARTNERS LP                                             | DELEK LOGISTICS           | CUSIP: 24664T103<br>LEI: 549300UVYITDIU51P724 | Long             | EC               | CORP              | US        |      4245 | NS      | $225536.85    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| LENDLEASE GLOBAL COMMERCIAL REIT                                        | LENDLEASE GLOBAL          | CUSIP: Y5229U100<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    485107 | NS      | $217224.03    | 0.68%             |  |  |  | Yes           |                  1 | On Loan: No      |
| JETBLUE AIRWAYS CORP / JETBLUE LOYALTY LP                               | JBLU 9 7/8 09/20/31       | CUSIP: U04553AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    169000 | PA      | $156680.78    | 0.49%             | 2031-09-20      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| PANAMA, REPUBLIC OF - MINISTRY OF PLANNING AND ECONOMIC POLICY          | PANAMA 6.4 02/14/35       | CUSIP: 698299BT0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    174000 | PA      | $186006.00    | 0.58%             | 2035-02-14      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| STAR LEASING COMPANY LLC                                                | TRAILR 7 5/8 02/15/30     | CUSIP: U85539AA9<br>LEI: 549300WXKNX4PT3HSN71 | Long             | DBT              | CORP              | US        |    177000 | PA      | $171445.69    | 0.54%             | 2030-02-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY                           | SOAF 5 7/8 06/22/30       | CUSIP: 836205AY0<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    166000 | PA      | $169355.10    | 0.53%             | 2030-06-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| INNOVATIVE INDUSTRIAL PROPERTIES INC                                    | INNOVATIVE INDUS          | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |      4394 | NS      | $238374.50    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| BURFORD CAPITAL GLOBAL FINANCE LLC                                      | BURLN 9 1/4 07/01/31      | CUSIP: U1056LAC5<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    200000 | PA      | $186206.00    | 0.58%             | 2031-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| TURKEY, REPUBLIC OF UNDERSECRETARIAT OF TREASURY                        | TURKEY 9 3/8 01/19/33     | CUSIP: 900123DG2<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    141000 | PA      | $159988.86    | 0.50%             | 2033-01-19      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| USA COMPRESSION PARTNERS LP                                             | USA COMPRESSION           | CUSIP: 90290N109<br>LEI: 5493000B1PEOKXRZEO65 | Long             | EC               | CORP              | US        |      7359 | NS      | $202151.73    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| COVIVIO SA                                                              | COVIVIO                   | CUSIP: F2R22T119<br>LEI: 969500P8M3W2XX376054 | Long             | EC               | CORP              | FR        |      3148 | NS      | $207674.14    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| PARK HOTELS & RESORTS INC                                               | PARK H&R INC              | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               | CORP              | US        |     19592 | NS      | $224720.24    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL         | BRAZIL 6 5/8 03/15/35     | CUSIP: 105756CL2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    164000 | PA      | $169879.40    | 0.53%             | 2035-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| DENTSPLY SIRONA INC                                                     | XRAY 8 3/8 09/12/55       | CUSIP: 24906PAB5<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176030.58    | 0.55%             | 2055-09-12      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLDINGS LLC                                           | FREMOR 7 7/8 04/01/33     | CUSIP: U3133WAG5<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    192000 | PA      | $187247.06    | 0.59%             | 2033-04-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| HUNGARY, REPUBLIC OF - MINISTRY OF FINANCE                              | REPHUN 5 1/2 06/16/34     | CUSIP: X93622GG1<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    200000 | PA      | $203363.66    | 0.64%             | 2034-06-16      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| FMC CORP                                                                | FMC 8.45 11/01/55         | CUSIP: 302491AZ8<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |    214000 | PA      | $140957.81    | 0.44%             | 2055-11-01      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| BANK RAKYAT INDONESIA (PERSERO) TBK                                     | BANK RAKYAT INDO          | CUSIP: Y0697U112<br>LEI: 254900HB6S4B12GBNP64 | Long             | EC               | CORP              | ID        |   1357835 | NS      | $233637.95    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEMTRADE LOGISTICS INCOME FUND                                         | CHEMTRADE LOG IN          | CUSIP: 16387P103<br>LEI: 254900UOUPEC6HRUR935 | Long             | EC               | CORP              | CA        |     17937 | NS      | $225404.22    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR PROPERTIES                                                          | EPR PROPERTIES            | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |      4062 | NS      | $226700.22    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| RWLV CAPITAL INC                                                        | RWLVCA 4 5/8 04/16/29     | CUSIP: U76198AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    189000 | PA      | $168951.75    | 0.53%             | 2029-04-16      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| COLOMBIA, REPUBLIC OF - MINISTERO DE HACIENDA Y CREDITO PUBLICO         | COLOM 8 3/4 11/14/53      | CUSIP: 195325EM3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    156000 | PA      | $177567.00    | 0.56%             | 2053-11-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BUKIT ASAM (PERSERO) TBK PT                                             | BUKIT ASAM PERSE          | CUSIP: Y8520P101<br>LEI: 529900XX13TXG5L4CN33 | Long             | EC               | CORP              | ID        |   1546424 | NS      | $255408.69    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| TELUS CORP                                                              | TELUS CORP                | CUSIP: 87971M103<br>LEI: 894500TX134IMF6NW757 | Long             | EC               | CORP              | CA        |     22168 | NS      | $277765.04    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO        | MEX 6.35 02/09/35         | CUSIP: 91087BAV2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    165000 | PA      | $170445.00    | 0.54%             | 2035-02-09      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| COMMUNITY HEALTHCARE TRUST INC                                          | COMMUNITY HEALTH          | CUSIP: 20369C106<br>LEI: 549300FATSRCMKOV9536 | Long             | EC               | CORP              | US        |     12978 | NS      | $223481.16    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXPOINT RESIDENTIAL TRUST INC                                          | NEXPOINT RESI             | CUSIP: 65341D102<br>LEI: 549300U2J6XVYBF87166 | Long             | EC               | CORP              | US        |      8755 | NS      | $252931.95    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| NEPI ROCKCASTLE NV                                                      | NEPI ROCKCASTLE           | CUSIP: N6S06Q108<br>LEI: 549300FMWM53K9ULYT15 | Long             | EC               | CORP              | NL        |     25759 | NS      | $217940.32    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK POLSKA KASA OPIEKI SA                                              | PEKAO                     | CUSIP: X0R77T117<br>LEI: 5493000LKS7B3UTF7H35 | Long             | EC               | CORP              | PL        |      3948 | NS      | $246402.93    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL NET LEASE INC                                                    | GLOBAL NET LEASE          | CUSIP: 379378201<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EC               | CORP              | US        |     22356 | NS      | $213723.36    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO DEL BAJIO SA                                                      | BANCO DEL BAJIO SA        | CUSIP: P1R2ZN117<br>LEI: 4469000001BD95FFLY16 | Long             | EC               | CORP              | MX        |     82441 | NS      | $259362.08    | 0.81%             |  |  |  | Yes           |                  1 | On Loan: No      |
| ORGANON & COMPANY                                                       | OGN 7 7/8 05/15/34        | CUSIP: U6836GAB4<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |    228000 | PA      | $245242.50    | 0.77%             | 2034-05-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| GETTY IMAGES INC                                                        | ABEGET 11 1/4 02/21/30    | CUSIP: U3742LAC1<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |    186000 | PA      | $166586.25    | 0.52%             | 2030-02-21      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                      | ENERGY TRANSFER           | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |     10866 | NS      | $219384.54    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| TURKEY, REPUBLIC OF UNDERSECRETARIAT OF TREASURY                        | TURKEY 6 1/2 01/03/35     | CUSIP: 900123DN7<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    175000 | PA      | $169147.18    | 0.53%             | 2035-01-03      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AES CORP (THE)                                                          | AES 6.95 07/15/55         | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    193000 | PA      | $188357.11    | 0.59%             | 2055-07-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| TURKEY, REPUBLIC OF UNDERSECRETARIAT OF TREASURY                        | TURKEY 9 1/8 07/13/30     | CUSIP: 900123DJ6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    148000 | PA      | $163979.61    | 0.51%             | 2030-07-13      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM LP                                                       | HESS MIDSTREAM-A          | CUSIP: 428103105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5296 | NS      | $207073.60    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| KOMERCNI BANKA AS                                                       | KOMERCNI BANKA            | CUSIP: X45471111<br>LEI: IYKCAVNFR8QGF00HV840 | Long             | EC               | CORP              | CZ        |      4746 | NS      | $252602.31    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| HIGHWOODS PROPERTIES INC                                                | HIGHWOODS PROP            | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |     10126 | NS      | $246163.06    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| PANAMA, REPUBLIC OF - MINISTRY OF PLANNING AND ECONOMIC POLICY          | PANAMA 6.853 03/28/54     | CUSIP: 698299BV5<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    175000 | PA      | $189131.25    | 0.59%             | 2054-03-28      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| STANDARD LIFE PLC                                                       | STANDARD LIFE PL          | CUSIP: G7S8MZ109<br>LEI: 2138001P49OLAEU33T68 | Long             | EC               | CORP              | GB        |     27455 | NS      | $282363.55    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY                           | SOAF 7.3 04/20/52         | CUSIP: 836205BE3<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    181000 | PA      | $174127.00    | 0.55%             | 2052-04-20      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD INFRASTRUCTURE PARTNERS LP                                   | BROOKFIELD INFRA          | CUSIP: G16252101<br>LEI: 549300WEH5R2OODI7Y90 | Long             | EC               | CORP              | BM        |      5472 | NS      | $196058.72    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARTWELL RETIREMENT RESIDENCES                                         | CHARTWELL RETIRE          | CUSIP: 16141A103<br>LEI: 549300M7UBEIZBWP4069 | Long             | EC               | CORP              | CA        |     13297 | NS      | $210852.18    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| LAND SECURITIES GROUP PLC                                               | LAND SECURITIES           | CUSIP: G5375M142<br>LEI: 213800V8IAVKS37D6B88 | Long             | EC               | CORP              | GB        |     27160 | NS      | $218364.80    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIRON REAL ESTATE INC                                                  | CHIRON REAL ESTA          | CUSIP: 37954A303<br>LEI: 549300HFRIPQDYU3GU60 | Long             | EC               | CORP              | US        |      6232 | NS      | $218556.24    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| SURYA CITRA MEDIA TBK PT                                                | SURYA CITRA MEDIA PT TBK  | CUSIP: Y7148M110<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |  16998854 | NS      | $244559.68    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| SUBURBAN PROPANE PARTNERS LP                                            | SUBURBAN PROPANE          | CUSIP: 864482104<br>LEI: JJAX4X60DE65EYFOTY73 | Long             | EC               | CORP              | US        |     10442 | NS      | $209884.20    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| CAL-MAINE FOODS INC                                                     | CAL-MAINE FOODS           | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |      3949 | NS      | $305099.74    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| PLAINS GP HOLDINGS LP                                                   | PLAINS GP HOLD-A          | CUSIP: 72651A207<br>LEI: 549300O56BSKRD8FAM12 | Long             | EC               | CORP              | US        |      8867 | NS      | $216798.15    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| ICAHN ENTERPRISES LP                                                    | ICAHN ENTERPRISE          | CUSIP: 451100101<br>LEI: 549300T0G4GS0SINS786 | Long             | EC               | CORP              | US        |     26659 | NS      | $220469.93    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD RENEWABLE PARTNERS LP                                        | BROOKFIELD RENEWABLE PART | CUSIP: G16258108<br>LEI: VA8DFMRI2GY8Y7V79H93 | Long             | EC               | CORP              | BM        |      6117 | NS      | $201876.58    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| SL GREEN REALTY CORP                                                    | SL GREEN REALTY           | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |      5795 | NS      | $245765.95    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ LODGING TRUST                                                       | RLJ LODGING TRUS          | CUSIP: 74965L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27614 | NS      | $227539.36    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| DIRECTV FINANCING LLC / DIRECTV FINANCING CO-OBLIGOR INC                | DTV 10 02/15/31           | CUSIP: U2541MAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    161000 | PA      | $168059.85    | 0.53%             | 2031-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| ANTERO MIDSTREAM CORP                                                   | ANTERO MIDSTREAM          | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9500 | NS      | $207670.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| KINETIK HOLDINGS INC                                                    | KINETIK HOLDINGS          | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4573 | NS      | $231119.42    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| PARAMOUNT GLOBAL                                                        | PARA 5.85 09/01/43        | CUSIP: 92553PAU6<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    260000 | PA      | $191074.61    | 0.60%             | 2043-09-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| COLOMBIA, REPUBLIC OF - MINISTERO DE HACIENDA Y CREDITO PUBLICO         | COLOM 7 1/2 02/02/34      | CUSIP: 195325EG6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    160000 | PA      | $167760.00    | 0.53%             | 2034-02-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PERU, REPUBLIC OF - DIRECCION GENERAL DE CREDITO PUBLICO                | PERU 3.6 01/15/2072       | CUSIP: 715638DW9<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    270000 | PA      | $169701.75    | 0.53%             | 2072-01-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| GLOBALTRANS INVESTMENT PLC                                              | GLOBALTRANS-GDR           | CUSIP: 37949E204<br>LEI: 213800D6EVVEJJW3MD09 | Long             | EC               | CORP              | CY        |     36615 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  1 | On Loan: No      |
| KUMBA IRON ORE LTD                                                      | KUMBA IRON ORE L          | CUSIP: S4341C103<br>LEI: 3789006C753402643048 | Long             | EC               | CORP              | ZA        |     13230 | NS      | $248068.45    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| PANAMA, REPUBLIC OF - MINISTRY OF PLANNING AND ECONOMIC POLICY          | PANAMA 3.298 01/19/33     | CUSIP: 698299BR4<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    150000 | PA      | $134430.00    | 0.42%             | 2033-01-19      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| CHILE, REPUBLIC OF - MINISTRY OF FINANCE                                | CHILE 5.33 01/05/54       | CUSIP: 168863EA2<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    200000 | PA      | $191585.00    | 0.60%             | 2054-01-05      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| ALAMTRI RESOURCES TBK PT                                                | ALAMTRI RESOURCE          | CUSIP: Y7087B109<br>LEI: 529900P2WAH7XA87OI24 | Long             | EC               | CORP              | ID        |   1848008 | NS      | $267996.79    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| GRUPO FINANCIERO BANORTE SAB DE CV                                      | GRUPO F BANORT-O          | CUSIP: P49501201<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     28514 | NS      | $310666.30    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY PARTNERS LP                                             | CHENIERE ENERGY           | CUSIP: 16411Q101<br>LEI: 5493005UEC8AZ34LDV29 | Long             | EC               | CORP              | US        |      3382 | NS      | $226661.64    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| SMARTCENTRES REAL ESTATE INVESTMENT TRUST                               | SMARTCENTRES REA          | CUSIP: 83179X108<br>LEI: 549300HKEP2IYWZ14H97 | Long             | EC               | CORP              | CA        |     10918 | NS      | $226738.31    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED TRACTORS TBK PT                                                  | UNITED TRACTORS           | CUSIP: Y7146Y140<br>LEI: 529900N9ELYOWQV4FW14 | Long             | EC               | CORP              | ID        |    148333 | NS      | $247975.69    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBERT HALF INC                                                         | ROBERT HALF INC           | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |     11010 | NS      | $292976.10    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| PERUSAHAAN GAS NEGARA (PERSERO) TBK PT                                  | PERUSAHAAN GAS N          | CUSIP: Y7136Y118<br>LEI: 549300OX1VFDX7ZPN240 | Long             | EC               | CORP              | ID        |   2488101 | NS      | $277776.14    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| FIBRA UNO ADMINISTRACION SA DE CV                                       | TRUST FIBRA UNO           | CUSIP: P3515D163<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    127607 | NS      | $218876.30    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| TXO PARTNERS LP                                                         | TXO PARTNERS LP           | CUSIP: 87313P103<br>LEI: KWQMGYEOMKX7BT2PZF05 | Long             | EC               | CORP              | US        |     16961 | NS      | $210825.23    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| TURKEY, REPUBLIC OF UNDERSECRETARIAT OF TREASURY                        | TURKEY 6 5/8 02/17/45     | CUSIP: 900123CG3<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    180000 | PA      | $158687.40    | 0.50%             | 2045-02-17      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GROWTHPOINT PROPERTIES LTD                                              | GROWTHPOINT PROP          | CUSIP: S3373C239<br>LEI: 37890019DD1E46632291 | Long             | EC               | CORP              | ZA        |    203148 | NS      | $199305.73    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL GRID COMPANY - ROSSETI PJSC                                     | FGC ROSSETI               | CUSIP: X2393G109<br>LEI: 253400FZQ7Z49QZNSG30 | Long             | EC               | CORP              | RU        | 114622657 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COREWEAVE INC                                                           | CRWV 9 02/01/31           | CUSIP: U2069EAB6<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    188000 | PA      | $186655.43    | 0.59%             | 2031-02-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| SUPERMARKET INCOME REIT PLC                                             | SUPERMARKET INCO          | CUSIP: G8586X105<br>LEI: 2138007FOINJKAM7L537 | Long             | EC               | CORP              | GB        |    195175 | NS      | $222236.33    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO        | MEX 4.6 02/10/48          | CUSIP: 91087BAD2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    232000 | PA      | $177364.00    | 0.56%             | 2048-02-10      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                                                            | MAGN 7 1/4 11/15/31       | CUSIP: U5S63AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |    195000 | PA      | $182767.65    | 0.57%             | 2031-11-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| TRUWORTHS INTERNATIONAL LTD                                             | Truworths International L | CUSIP: S8793H130<br>LEI: 37890099AFD770037522 | Long             | EC               | CORP              | ZA        |     84566 | NS      | $262702.03    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO        | MEX 3 1/2 02/12/34        | CUSIP: 91087BAR1<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    205000 | PA      | $175787.50    | 0.55%             | 2034-02-12      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| COGENT COMMUNICATIONS GROUP LLC                                         | CCOI 6 1/2 07/01/32       | CUSIP: U1928QAB2<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |    206000 | PA      | $191303.77    | 0.60%             | 2032-07-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| INDO TAMBANGRAYA MEGAH TBK PT                                           | INDO TAMBANGRAYA          | CUSIP: Y71244100<br>LEI: 52990056ZNHB217ZKL92 | Long             | EC               | CORP              | ID        |    164192 | NS      | $251810.83    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| COLOMBIA, REPUBLIC OF - MINISTERO DE HACIENDA Y CREDITO PUBLICO         | COLOM 8 11/14/35          | CUSIP: 195325EL5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    160000 | PA      | $173760.00    | 0.55%             | 2035-11-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| KOHL'S CORP                                                             | KSS 3 3/8 05/01/31        | CUSIP: 500255AX2<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |    240000 | PA      | $195888.17    | 0.62%             | 2031-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TURKEY, REPUBLIC OF UNDERSECRETARIAT OF TREASURY                        | TURKEY 5 1/4 03/13/30     | CUSIP: 900123CY4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    240000 | PA      | $232541.10    | 0.73%             | 2030-03-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                                   | NBR 7 5/8 11/15/32        | CUSIP: U6295YAQ6<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    171000 | PA      | $178411.14    | 0.56%             | 2032-11-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| ALARIS EQUITY PARTNERS INCOME TRUST                                     | ALARIS EQUITY PA          | CUSIP: C01097101<br>LEI: 549300826Z5H44WQ2N67 | Long             | EC               | CORP              | CA        |     13242 | NS      | $219630.93    | 0.69%             |  |  |  | Yes           |                  1 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                                | TIBX 8 1/4 06/30/32       | CUSIP: U18898AB9<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    190000 | PA      | $180396.77    | 0.57%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| BLACK STONE MINERALS LP                                                 | BLACK STONE MINE          | CUSIP: 09225M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14564 | NS      | $208556.48    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL         | BRAZIL 6 1/8 03/15/34     | CUSIP: 105756CH1<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    168000 | PA      | $170520.00    | 0.54%             | 2034-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| KIMBELL ROYALTY PARTNERS LP                                             | KIMBELL ROYALTY           | CUSIP: 49435R102<br>LEI: 5493007FC11POVYRB841 | Long             | EC               | CORP              | US        |     14493 | NS      | $223192.20    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN MIDSTREAM PARTNERS LP                                           | WESTERN MIDSTREA          | CUSIP: 958669103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5084 | NS      | $221052.32    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK MANDIRI (PERSERO) TBK PT                                           | BANK MANDIRI              | CUSIP: Y7123S108<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | EC               | CORP              | ID        |    974551 | NS      | $246203.54    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| MACH NATURAL RESOURCES LP                                               | MACH NATURAL RES          | CUSIP: 55445L100<br>LEI: 254900WRTD4RTPK11Q27 | Long             | EC               | CORP              | US        |     16730 | NS      | $230874.00    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| HERTZ CORP (THE)                                                        | HTZ 12 5/8 07/15/29       | CUSIP: U42804AY7<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    160000 | PA      | $150921.20    | 0.47%             | 2029-07-15      | Fixed         | 12.62%                | Yes           |                  2 | On Loan: No      |
| COLOMBIA, REPUBLIC OF - MINISTERO DE HACIENDA Y CREDITO PUBLICO         | COLOM 3 01/30/30          | CUSIP: 195325DR3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    192000 | PA      | $174384.00    | 0.55%             | 2030-01-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EXXARO RESOURCES LTD                                                    | EXXARO RESOURCES          | CUSIP: S26949107<br>LEI: 378900BC3D9BFF4E4A37 | Long             | EC               | CORP              | ZA        |     19168 | NS      | $252936.35    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL PARTNERS LP                                                      | GLOBAL PARTNERS           | CUSIP: 37946R109<br>LEI: 549300PCHWTW9P4DU444 | Long             | EC               | CORP              | US        |      4410 | NS      | $212738.40    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| VMED O2 UK FINANCING I PLC                                              | VMED 6 3/4 01/15/33       | CUSIP: G9444PAM4<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    201000 | PA      | $183929.61    | 0.58%             | 2033-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| PLAINS ALL AMERICAN PIPELINE LP                                         | PLAINS ALL AMER           | CUSIP: 726503105<br>LEI: 5521FA2ITF25TVH63740 | Long             | EC               | CORP              | US        |      9618 | NS      | $221406.36    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANCE RESOURCE PARTNERS LP                                           | ALLIANCE RESOURC          | CUSIP: 01877R108<br>LEI: 529900T4Q5UPWOUFG783 | Long             | EC               | CORP              | US        |      7951 | NS      | $211576.11    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL         | BRAZIL 5 5/8 01/07/41     | CUSIP: 105756BR0<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    186000 | PA      | $173919.30    | 0.55%             | 2041-01-07      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP                                                       | GENESIS ENERGY            | CUSIP: 371927104<br>LEI: 549300VJ5D6MDK138782 | Long             | EC               | CORP              | US        |     11637 | NS      | $202367.43    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| DOUGLAS EMMETT INC                                                      | DOUGLAS EMMETT            | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23267 | NS      | $251516.27    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNOCO LP                                                               | SUNOCO LP                 | CUSIP: 86765K109<br>LEI: 54930001NJU8E40NQ561 | Long             | EC               | CORP              | US        |      3159 | NS      | $220024.35    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| HUDSON PACIFIC PROPERTIES LP                                            | HPP 4.65 04/01/29         | CUSIP: 44409MAB2<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              | CORP              | US        |    211000 | PA      | $188922.02    | 0.59%             | 2029-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| WESTERN UNION COMPANY (THE)                                             | WESTERN UNION             | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |     29343 | NS      | $266727.87    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTLAKE CHEMICAL PARTNERS LP                                           | WESTLAKE CHEMICAL PARTNER | CUSIP: 960417103<br>LEI: 5493001UJXZP4TJUQM76 | Long             | EC               | CORP              | US        |      9084 | NS      | $209386.20    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADSTONE NET LEASE INC                                                | BROADSTONE NET            | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |     10992 | NS      | $217641.60    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP                   | IEP 9 06/15/30            | CUSIP: 451102CJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    177000 | PA      | $169964.53    | 0.53%             | 2030-06-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC (FIN) COMPANY                                           | GBLATL 7.95 10/15/54      | CUSIP: U3618TAH4<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    187000 | PA      | $187989.98    | 0.59%             | 2054-10-15      | Fixed         | 7.95%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-28

**Name of Applicant:** Arrow ETF Trust

**Signature:** Sam Singh

**Name of Signer:** Sam Singh

**Title:** Treasurer