# EDGAR Filing Document

**Accession Number:** 0001527428
**File Stem:** 0000910472-25-001487
**Filing Date:** 2025-9
**Character Count:** 34362
**Document Hash:** 3a3bea2615eb0f9da76dea5b794de506
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-001487.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0000910472-25-001487

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Arrow Investments Trust
- **CENTRAL INDEX KEY:** 0001527428

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22638
- **FILM NUMBER:** 251347344

**BUSINESS ADDRESS:**
- **STREET 1:** 6100 CHEVY CHASE DR
- **STREET 2:** SUITE 100
- **CITY:** LAUREL
- **STATE:** MD
- **ZIP:** 20707
- **BUSINESS PHONE:** 301-260-0162

**MAIL ADDRESS:**
- **STREET 1:** 6100 CHEVY CHASE DR
- **STREET 2:** SUITE 100
- **CITY:** LAUREL
- **STATE:** MD
- **ZIP:** 20707

## Series and Classes Contracts Data

### Arrow Reserve Capital Management ETF (Series ID: S000056852)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000180528 | Arrow Reserve Capital Management ETF | ARCM            |

## 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 Investments Trust

- **b. Investment Company Act file number:** 811-22638

- **c. CIK number of Registrant:** 0001527428

- **d. LEI of Registrant:** 549300IHK71DVRHETY77

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

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

  - **City:** LAUREL

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20707

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

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

- **a. Name of Series:** Arrow Reserve Capital Management ETF

- **b. EDGAR series identifier (if any):** S000056852

- **c. LEI of Series:** 549300GPRB7MNVTZN171

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

- **a. Date of fiscal year-end:** 2026-01-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $46354414.83

**Total Liabilities:** $313754.34

**Net Assets:** $46040660.49

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 518.93880200 | **1-Year:** 628.32680900 | **5-Year:** 17.63739000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000180528 | 0.29%                | 0.37%                | 0.29%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $845.35                  | $-27350.92                                 |
| Month 2  | $353.52                  | $6588.33                                   |
| Month 3  | $642.53                  | $-26923.64                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PPL Capital Funding Inc.                       | PPL 3.1 05/15/26      | CUSIP: 69352PAL7<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |    532000 | PA      | $525764.36    | 1.14%             | 2026-05-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                           | JPM 3.2 06/15/26      | CUSIP: 46625HRS1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     21000 | PA      | $20793.39     | 0.05%             | 2026-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                       | T 3 7/8 01/15/26      | CUSIP: 00206RHT2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     34000 | PA      | $33854.41     | 0.07%             | 2026-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                  | USB 3.1 04/27/26      | CUSIP: 91159HHM5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     58000 | PA      | $57378.45     | 0.12%             | 2026-04-27      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| The Allstate Corporation                       | ALL 0 3/4 12/15/25    | CUSIP: 020002BH3<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |    825000 | PA      | $813740.94    | 1.77%             | 2025-12-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Southern Co.                                   | SO 3 1/4 07/01/26     | CUSIP: 842587CV7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $989306.05    | 2.15%             | 2026-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                   | B 10/23/25            | CUSIP: 912797QG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1145000 | PA      | $1133813.59   | 2.46%             | 2025-10-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Carrier Global Corporation                     | CARR 2.493 02/15/27   | CUSIP: 14448CAP9<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    133000 | PA      | $129385.45    | 0.28%             | 2027-02-15      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| Citibank, N.A.                                 | C 5.864 09/29/25      | CUSIP: 17325FBA5<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    840000 | PA      | $840838.14    | 1.83%             | 2025-09-29      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| Hubbell Incorporated                           | HUBB 3.35 03/01/26    | CUSIP: 443510AG7<br>LEI: 54930088VDQ6840Y6597 | Long             | DBT              | CORP              | US        |    680000 | PA      | $674865.22    | 1.47%             | 2026-03-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Realty Income Corporation                      | O 4 5/8 11/01/25      | CUSIP: 756109BE3<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    172000 | PA      | $171920.15    | 0.37%             | 2025-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Northern Trust Corporation                     | NTRS 3.95 10/30/25    | CUSIP: 665859AP9<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |    478000 | PA      | $476922.19    | 1.04%             | 2025-10-30      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Textron Inc.                                   | TXT 4 03/15/26        | CUSIP: 883203BW0<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | DBT              | CORP              | US        |    332000 | PA      | $330692.76    | 0.72%             | 2026-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| The Sherwin-Williams Company                   | SHW 4 1/4 08/08/25    | CUSIP: 824348BR6<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |     72000 | PA      | $71993.06     | 0.16%             | 2025-08-08      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                   | T 4 1/2 03/31/26      | CUSIP: 91282CKH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1374000 | PA      | $1375919.49   | 2.99%             | 2026-03-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                   | B 10/02/25            | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    310000 | PA      | $307736.31    | 0.67%             | 2025-10-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Textron Inc.                                   | TXT 3.65 03/15/27     | CUSIP: 883203BX8<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123248.23    | 0.27%             | 2027-03-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Exelon Corp.                                   | EXC 3.4 04/15/26      | CUSIP: 30161NAU5<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    356000 | PA      | $352950.75    | 0.77%             | 2026-04-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                             | MO 4.4 02/14/26       | CUSIP: 02209SBC6<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    579000 | PA      | $577824.35    | 1.26%             | 2026-02-14      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Hyatt Hotels Corporation                       | H 4.85 03/15/26       | CUSIP: 448579AF9<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    463000 | PA      | $463139.84    | 1.01%             | 2026-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                      | RTX 3.95 08/16/25     | CUSIP: 913017DD8<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   2009000 | PA      | $2008199.90   | 4.36%             | 2025-08-16      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                   | NYLIFE 3.6 08/05/25   | CUSIP: 64952WEU3<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174979.59    | 0.38%             | 2025-08-05      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                      | GS 3.85 01/26/27      | CUSIP: 38141GWB6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    102000 | PA      | $101152.21    | 0.22%             | 2027-01-26      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                   | MAR 5.45 09/15/26     | CUSIP: 571903BM4<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     88000 | PA      | $88814.81     | 0.19%             | 2026-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Principal Life Global Funding II               | PFG 5 01/16/27        | CUSIP: 74256LEX3<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    137000 | PA      | $138131.92    | 0.30%             | 2027-01-16      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                      | GS 3 3/4 02/25/26     | CUSIP: 38143U8H7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    305000 | PA      | $303613.01    | 0.66%             | 2026-02-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| J. B. Hunt Transport Services, Inc.            | JBHT 3 7/8 03/01/26   | CUSIP: 445658CF2<br>LEI: 549300XCD1MPI1C5GK90 | Long             | DBT              | CORP              | US        |    432000 | PA      | $430164.59    | 0.93%             | 2026-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co LP / PTL Finance Corp. | PENSKE 4.45 01/29/26  | CUSIP: 709599BE3<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |     64000 | PA      | $63888.74     | 0.14%             | 2026-01-29      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| Broadcom Inc                                   | AVGO 3.15 11/15/25    | CUSIP: 11135FBB6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    595000 | PA      | $592272.17    | 1.29%             | 2025-11-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                   | B 10/14/25            | CUSIP: 912797RC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    245000 | PA      | $242865.95    | 0.53%             | 2025-10-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CSX Corporation                                | CSX 3.35 11/01/25     | CUSIP: 126408HD8<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    326000 | PA      | $324951.07    | 0.71%             | 2025-11-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Pfizer Investment Enterprises Pte Ltd.         | PFE 4.45 05/19/26     | CUSIP: 716973AB8<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    145000 | PA      | $145090.42    | 0.32%             | 2026-05-19      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                      | GS 3 1/2 11/16/26     | CUSIP: 38145GAH3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    287000 | PA      | $283323.39    | 0.62%             | 2026-11-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Company                   | BMY 0 3/4 11/13/25    | CUSIP: 110122DN5<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |     89000 | PA      | $88090.07     | 0.19%             | 2025-11-13      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| FedEx Corporation                              | FDX 3 1/4 04/01/26    | CUSIP: 31428XBF2<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |    613000 | PA      | $607529.62    | 1.32%             | 2026-04-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BBH SWEEP VEHICLE                              | BBH SWEEP VEHICLE     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    109832 | PA      | $109832.25    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowes Companies, Inc.                          | LOW 4.4 09/08/25      | CUSIP: 548661EK9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    658000 | PA      | $657739.65    | 1.43%             | 2025-09-08      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group Inc.                          | WEC 5.6 09/12/26      | CUSIP: 92939UAM8<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85895.40     | 0.19%             | 2026-09-12      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                   | B 09/11/25            | CUSIP: 912797PW1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1135000 | PA      | $1129464.12   | 2.45%             | 2025-09-11      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| KeyBank National Association                   | KEY 4.15 08/08/25     | CUSIP: 49327M3E2<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    806000 | PA      | $805812.01    | 1.75%             | 2025-08-08      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Company                   | BMY 4.95 02/20/26     | CUSIP: 110122ED6<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    463000 | PA      | $464505.26    | 1.01%             | 2026-02-20      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Quest Diagnostics Incorporated                 | DGX 3.45 06/01/26     | CUSIP: 74834LAZ3<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | DBT              | CORP              | US        |    535000 | PA      | $530420.29    | 1.15%             | 2026-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co LP / PTL Finance Corp. | PENSKE 5 3/4 05/24/26 | CUSIP: 709599BU7<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |    332000 | PA      | $334289.02    | 0.73%             | 2026-05-24      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc            | NEE 4.95 01/29/26     | CUSIP: 65339KCS7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    253000 | PA      | $253405.83    | 0.55%             | 2026-01-29      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                   | B 09/16/25            | CUSIP: 912797QU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2323000 | PA      | $2310340.30   | 5.02%             | 2025-09-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                   | B 09/04/25            | CUSIP: 912797MH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    275000 | PA      | $273888.78    | 0.59%             | 2025-09-04      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                   | WIB 09/02/25          | CUSIP: 912797QM2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4100000 | PA      | $4084460.10   | 8.87%             | 2025-09-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| The Sherwin-Williams Company                   | SHW 3.95 01/15/26     | CUSIP: 824348BF2<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |    445000 | PA      | $443495.41    | 0.96%             | 2026-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc.                           | GILD 3.65 03/01/26    | CUSIP: 375558BF9<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    163000 | PA      | $162231.15    | 0.35%             | 2026-03-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Boston Scientific Corporation                  | BSX 3 3/4 03/01/26    | CUSIP: 101137AW7<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | DBT              | CORP              | US        |    162000 | PA      | $161285.75    | 0.35%             | 2026-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Companies, Inc.               | MMC 3 3/4 03/14/26    | CUSIP: 571748AZ5<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |     82000 | PA      | $81655.62     | 0.18%             | 2026-03-14      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH        | NYCGEN 3.35 08/1/2025 | CUSIP: 64971XEJ3<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    290000 | PA      | $290000.00    | 0.63%             | 2025-08-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Zoetis Inc.                                    | ZTS 4 1/2 11/13/25    | CUSIP: 98978VAK9<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |    161000 | PA      | $160869.31    | 0.35%             | 2025-11-13      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                   | B 09/23/25            | CUSIP: 912797QV2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    109000 | PA      | $108313.98    | 0.24%             | 2025-09-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                 | MS 3 7/8 01/27/26     | CUSIP: 61746BDZ6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    737000 | PA      | $734582.06    | 1.60%             | 2026-01-27      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Realty Income Corporation                      | O 5.05 01/13/26       | CUSIP: 756109BQ6<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    266000 | PA      | $265888.99    | 0.58%             | 2026-01-13      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Norfolk Southern Corporation                   | NSC 2.9 06/15/26      | CUSIP: 655844BS6<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |     99000 | PA      | $97599.15     | 0.21%             | 2026-06-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                               | DUK 5 12/08/25        | CUSIP: 26441CBV6<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    459000 | PA      | $459551.60    | 1.00%             | 2025-12-08      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                   | B 11/04/25            | CUSIP: 912797RM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    324000 | PA      | $320398.31    | 0.70%             | 2025-11-04      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Host Hotels & Resorts, L.P.                    | HST 4 1/2 02/01/26    | CUSIP: 44107TAW6<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |    101000 | PA      | $100806.26    | 0.22%             | 2026-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| American Express Company                       | AXP 4.9 02/13/26      | CUSIP: 025816DC0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    110000 | PA      | $110145.78    | 0.24%             | 2026-02-13      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                    | COF 4.2 10/29/25      | CUSIP: 14040HBJ3<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    692000 | PA      | $690763.44    | 1.50%             | 2025-10-29      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Realty Income Corporation                      | O 4.45 09/15/26       | CUSIP: 756109BY9<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    181000 | PA      | $180857.66    | 0.39%             | 2026-09-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| McCormick & Company, Incorporated              | MKC 3 1/4 11/15/25    | CUSIP: 579780AK3<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |    790000 | PA      | $786309.36    | 1.71%             | 2025-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Colgate-Palmolive Co.                          | CL 3.1 08/15/25       | CUSIP: 194162AM5<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64959.24     | 0.14%             | 2025-08-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                   | B 08/19/25            | CUSIP: 912797QK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     30000 | PA      | $29935.77     | 0.07%             | 2025-08-19      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association      | JPM 5.11 12/08/26     | CUSIP: 48125LRU8<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252379.82    | 0.55%             | 2026-12-08      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Synchrony Bank                                 | SYF 5.4 08/22/25      | CUSIP: 87166FAD5<br>LEI: 549300UATVPGSLE43Z27 | Long             | DBT              | CORP              | US        |    819000 | PA      | $818855.09    | 1.78%             | 2025-08-22      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc            | NEE 5.749 09/01/25    | CUSIP: 65339KBS8<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    281000 | PA      | $281180.21    | 0.61%             | 2025-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                   | B 11/12/25            | CUSIP: 912797RN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    440000 | PA      | $434672.80    | 0.94%             | 2025-11-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                   | T 4 3/8 07/31/26      | CUSIP: 91282CLB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1598000 | PA      | $1600938.74   | 3.48%             | 2026-07-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                               | DUK 2.65 09/01/26     | CUSIP: 26441CAS4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    305000 | PA      | $298853.59    | 0.65%             | 2026-09-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group Inc.                          | WEC 4 3/4 01/09/26    | CUSIP: 92939UAK2<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    849000 | PA      | $849218.01    | 1.84%             | 2026-01-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Chubb INA Holdings LLC                         | CB 3.35 05/03/26      | CUSIP: 00440EAV9<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |    513000 | PA      | $508767.62    | 1.11%             | 2026-05-03      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                   | B 10/21/25            | CUSIP: 912797RD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2825000 | PA      | $2798044.19   | 6.08%             | 2025-10-21      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Zoetis Inc.                                    | ZTS 5.4 11/14/25      | CUSIP: 98978VAU7<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |    687000 | PA      | $687949.06    | 1.49%             | 2025-11-14      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                   | AVGO 3.459 09/15/26   | CUSIP: 11135FAN1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9904.54      | 0.02%             | 2026-09-15      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                   | T 4 1/4 01/31/26      | CUSIP: 91282CJV4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3435000 | PA      | $3432966.55   | 7.46%             | 2026-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                  | STT 4.594 11/25/26    | CUSIP: 857449AC6<br>LEI: 571474TGEMMWANRLN572 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251190.85    | 0.55%             | 2026-11-25      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| Johnson Controls International PLC             | JCI 3.9 02/14/26      | CUSIP: 478375AR9<br>LEI: 549300XQ6S1GYKGBL205 | Long             | DBT              | CORP              | IE        |    811000 | PA      | $807323.22    | 1.75%             | 2026-02-14      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| International Business Machines Corp.          | IBM 3.45 02/19/26     | CUSIP: 459200JG7<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    269000 | PA      | $267537.62    | 0.58%             | 2026-02-19      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                            | D 3.9 10/01/25        | CUSIP: 25746UCE7<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    885000 | PA      | $883901.79    | 1.92%             | 2025-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                              | WFC 3 04/22/26        | CUSIP: 949746RW3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    581000 | PA      | $575138.60    | 1.25%             | 2026-04-22      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-28

**Name of Applicant:** Arrow Investments Trust

**Signature:** Sam Singh

**Name of Signer:** Sam Singh

**Title:** Treasurer