# EDGAR Filing Document

**Accession Number:** 0001527428
**File Stem:** 0000910472-26-010030
**Filing Date:** 2026-6
**Character Count:** 58156
**Document Hash:** d18bd3ab28d6cab51e19026cb51af809
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-010030.hdr.sgml**: 20260629

**ACCESSION NUMBER**: 0000910472-26-010030

**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 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:** 261131626

**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            |

## Nport-Ex

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **ARROW RESERVE CAPITAL MANAGEMENT ETF** | **ARROW RESERVE CAPITAL MANAGEMENT ETF** | **ARROW RESERVE CAPITAL MANAGEMENT ETF** | **ARROW RESERVE CAPITAL MANAGEMENT ETF** | **ARROW RESERVE CAPITAL MANAGEMENT ETF** | **ARROW RESERVE CAPITAL MANAGEMENT ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **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 — 61.6%** | **CORPORATE BONDS — 61.6%** |  |  |  |
|  | **AEROSPACE & DEFENSE** — **4.4%** | **AEROSPACE & DEFENSE** — **4.4%** |  |  |  |
| 743000 | Northrop Grumman Corporation |  | 3.2000 | &nbsp;&nbsp;&nbsp;02/01/27 | $738178 |
| 30000 | Northrop Grumman Corporation |  | 3.2500 | &nbsp;&nbsp;&nbsp;01/15/28 | 29500 |
| 736000 | RTX Corporation |  | 3.5000 | &nbsp;&nbsp;&nbsp;03/15/27 | 732248 |
| 782000 | Textron, Inc. |  | 3.6500 | &nbsp;&nbsp;&nbsp;03/15/27 | 777860 |
|  |  |  |  |  | 2277786 |
|  | **BANKING** — **5.7%** | **BANKING** — **5.7%** |  |  |  |
| 75000 | Bank of America Corporation<sup>(a)</sup> | TSFR3M + 1.022% | 4.6960 | &nbsp;&nbsp;&nbsp;09/15/26 | 75127 |
| 192000 | Citigroup, Inc. |  | 3.4000 | &nbsp;&nbsp;&nbsp;05/01/26 | 192000 |
| 481000 | Citigroup, Inc. |  | 3.2000 | &nbsp;&nbsp;&nbsp;10/21/26 | 478877 |
| 334000 | Citizens Financial Group, Inc. |  | 2.8500 | &nbsp;&nbsp;&nbsp;07/27/26 | 332812 |
| 21000 | JPMorgan Chase & Company |  | 3.2000 | &nbsp;&nbsp;&nbsp;06/15/26 | 20982 |
| 500000 | JPMorgan Chase Bank NA |  | 5.1100 | &nbsp;&nbsp;&nbsp;12/08/26 | 503006 |
| 250000 | KeyBank NA |  | 5.8500 | &nbsp;&nbsp;&nbsp;11/15/27 | 254835 |
| 375000 | PNC Financial Services Group, Inc. (The) |  | 3.1500 | &nbsp;&nbsp;&nbsp;05/19/27 | 371626 |
| 250000 | Synchrony Bank |  | 5.6250 | &nbsp;&nbsp;&nbsp;08/23/27 | 252256 |
| 201000 | US Bancorp |  | 3.1500 | &nbsp;&nbsp;&nbsp;04/27/27 | 199343 |
| 250000 | Wells Fargo Bank NA |  | 5.4500 | &nbsp;&nbsp;&nbsp;08/07/26 | 250695 |
|  |  |  |  |  | 2931559 |
|  | **BIOTECH & PHARMA** — **1.5%** | **BIOTECH & PHARMA** — **1.5%** |  |  |  |
| 531000 | AbbVie, Inc. |  | 4.8000 | &nbsp;&nbsp;&nbsp;03/15/27 | 534238 |
| 221000 | Zoetis, Inc. |  | 3.0000 | &nbsp;&nbsp;&nbsp;09/12/27 | 217299 |
|  |  |  |  |  | 751537 |
|  | **CHEMICALS** — **1.0%** | **CHEMICALS** — **1.0%** |  |  |  |
| 509000 | Sherwin-Williams Company (The) |  | 3.4500 | &nbsp;&nbsp;&nbsp;06/01/27 | 504597 |
|  | **DIVERSIFIED INDUSTRIALS** — **1.0%** | **DIVERSIFIED INDUSTRIALS** — **1.0%** |  |  |  |
| 503000 | Parker-Hannifin Corporation |  | 4.2500 | &nbsp;&nbsp;&nbsp;09/15/27 | 503249 |
|  | **E-COMMERCE DISCRETIONARY** — **1.0%** | **E-COMMERCE DISCRETIONARY** — **1.0%** |  |  |  |
| 531000 | Amazon.com, Inc. |  | 3.8500 | &nbsp;&nbsp;&nbsp;03/13/28 | 528740 |
|  | **ELECTRIC UTILITIES** — **11.7%** | **ELECTRIC UTILITIES** — **11.7%** |  |  |  |
| 167000 | American Electric Power Company, Inc. |  | 5.7500 | &nbsp;&nbsp;&nbsp;11/01/27 | 169978 |
| 518000 | Dominion Energy, Inc. |  | 2.8500 | &nbsp;&nbsp;&nbsp;08/15/26 | 515976 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ARROW RESERVE CAPITAL MANAGEMENT ETF** | **ARROW RESERVE CAPITAL MANAGEMENT ETF** | **ARROW RESERVE CAPITAL MANAGEMENT ETF** | **ARROW RESERVE CAPITAL MANAGEMENT ETF** | **ARROW RESERVE CAPITAL MANAGEMENT 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** |
|  | **CORPORATE BONDS — 61.6% (Continued)** |  |  |  |
|  | **ELECTRIC UTILITIES** — **11.7% (Continued)** |  |  |  |
| 253000 | Dominion Energy, Inc. | 3.6000 | &nbsp;&nbsp;&nbsp;03/15/27 | $251579 |
| 973000 | Duke Energy Corporation | 2.6500 | &nbsp;&nbsp;&nbsp;09/01/26 | 967813 |
| 701000 | Entergy Corporation | 2.9500 | &nbsp;&nbsp;&nbsp;09/01/26 | 698258 |
| 68000 | Entergy Texas, Inc. | 1.5000 | &nbsp;&nbsp;&nbsp;09/01/26 | 67313 |
| 255000 | Evergy Kansas Central, Inc. | 3.1000 | &nbsp;&nbsp;&nbsp;04/01/27 | 252983 |
| 70000 | Eversource Energy | 4.7500 | &nbsp;&nbsp;&nbsp;05/15/26 | 70015 |
| 321000 | Exelon Corporation | 2.7500 | &nbsp;&nbsp;&nbsp;03/15/27 | 317238 |
| 27000 | NextEra Energy Capital Holdings, Inc. | 3.5500 | &nbsp;&nbsp;&nbsp;05/01/27 | 26818 |
| 764000 | NextEra Energy Capital Holdings, Inc. | 4.6850 | &nbsp;&nbsp;&nbsp;09/01/27 | 767622 |
| 641000 | PPL Capital Funding, Inc. | 3.1000 | &nbsp;&nbsp;&nbsp;05/15/26 | 640685 |
| 1000000 | Southern Company (The) | 3.2500 | &nbsp;&nbsp;&nbsp;07/01/26 | 998778 |
| 99000 | Virginia Electric and Power Company | 3.7500 | &nbsp;&nbsp;&nbsp;05/15/27 | 98660 |
| 85000 | WEC Energy Group, Inc. | 5.6000 | &nbsp;&nbsp;&nbsp;09/12/26 | 85342 |
| 25000 | WEC Energy Group, Inc. | 5.1500 | &nbsp;&nbsp;&nbsp;10/01/27 | 25263 |
|  |  |  |  | 5954321 |
|  | **ELECTRICAL EQUIPMENT** — **1.3%** |  |  |  |
| 155000 | Carrier Global Corporation<sup>(b)</sup> | 2.4930 | &nbsp;&nbsp;&nbsp;02/15/27 | 153058 |
| 220000 | Carrier Global Corporation | 2.4930 | &nbsp;&nbsp;&nbsp;02/15/27 | 217243 |
| 305000 | Hubbell, Inc. | 3.1500 | &nbsp;&nbsp;&nbsp;08/15/27 | 300417 |
|  |  |  |  | 670718 |
|  | **FOOD** — **1.1%** |  |  |  |
| 53000 | General Mills, Inc. | 4.7000 | &nbsp;&nbsp;&nbsp;01/30/27 | 53216 |
| 509000 | The Campbell's Company | 5.2000 | &nbsp;&nbsp;&nbsp;03/19/27 | 512885 |
|  |  |  |  | 566101 |
|  | **HEALTH CARE FACILITIES & SERVICES** — **1.4%** |  |  |  |
| 190000 | Evernorth Health, Inc. | 3.4000 | &nbsp;&nbsp;&nbsp;03/01/27 | 188843 |
| 535000 | Quest Diagnostics, Inc. | 3.4500 | &nbsp;&nbsp;&nbsp;06/01/26 | 534686 |
|  |  |  |  | 723529 |
|  | **INSTITUTIONAL FINANCIAL SERVICES** — **4.6%** |  |  |  |
| 264000 | Bank of New York Mellon Corporation (The) | 2.8000 | &nbsp;&nbsp;&nbsp;05/04/26 | 263974 |
| 568000 | Goldman Sachs Group, Inc. (The) | 3.5000 | &nbsp;&nbsp;&nbsp;11/16/26 | 566265 |
| 452000 | Goldman Sachs Group, Inc. (The) | 3.8500 | &nbsp;&nbsp;&nbsp;01/26/27 | 451104 |
| 589000 | Morgan Stanley | 3.6250 | &nbsp;&nbsp;&nbsp;01/20/27 | 587027 |
| 155000 | Northern Trust Corporation | 4.0000 | &nbsp;&nbsp;&nbsp;05/10/27 | 154911 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ARROW RESERVE CAPITAL MANAGEMENT ETF** | **ARROW RESERVE CAPITAL MANAGEMENT ETF** | **ARROW RESERVE CAPITAL MANAGEMENT ETF** | **ARROW RESERVE CAPITAL MANAGEMENT ETF** | **ARROW RESERVE CAPITAL MANAGEMENT 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** |
|  | **CORPORATE BONDS — 61.6% (Continued)** |  |  |  |
|  | **INSTITUTIONAL FINANCIAL SERVICES** — **4.6% (Continued)** |  |  |  |
| 250000 | State Street Bank & Trust Company | 4.5940 | &nbsp;&nbsp;&nbsp;11/25/26 | $250856 |
| 62000 | State Street Corporation | 5.2720 | &nbsp;&nbsp;&nbsp;08/03/26 | 62148 |
|  |  |  |  | 2336285 |
|  | **INSURANCE** — **4.6%** |  |  |  |
| 1124000 | Allstate Corporation (The) | 3.2800 | &nbsp;&nbsp;&nbsp;12/15/26 | 1118789 |
| 513000 | Chubb INA Holdings, Inc. | 3.3500 | &nbsp;&nbsp;&nbsp;05/03/26 | 512946 |
| 202000 | CNA Financial Corporation | 3.4500 | &nbsp;&nbsp;&nbsp;08/15/27 | 199551 |
| 374000 | Principal Financial Group, Inc. | 3.1000 | &nbsp;&nbsp;&nbsp;11/15/26 | 371857 |
| 137000 | Principal Life Global Funding II<sup>(b)</sup> | 5.0000 | &nbsp;&nbsp;&nbsp;01/16/27 | 137765 |
|  |  |  |  | 2340908 |
|  | **LEISURE FACILITIES & SERVICES** — **1.5%** |  |  |  |
| 52000 | Marriott International, Inc. | 3.1250 | &nbsp;&nbsp;&nbsp;06/15/26 | 51941 |
| 278000 | Marriott International, Inc. | 5.4500 | &nbsp;&nbsp;&nbsp;09/15/26 | 278913 |
| 430000 | Marriott International, Inc. | 4.2000 | &nbsp;&nbsp;&nbsp;07/15/27 | 429296 |
|  |  |  |  | 760150 |
|  | **MACHINERY** — **0.8%** |  |  |  |
| 417000 | Eaton Corporation | 3.8500 | &nbsp;&nbsp;&nbsp;03/06/28 | 414305 |
|  | **MEDICAL EQUIPMENT & DEVICES** — **2.9%** |  |  |  |
| 1038000 | Becton Dickinson and Company | 3.7000 | &nbsp;&nbsp;&nbsp;06/06/27 | 1030770 |
| 442000 | Stryker Corporation | 4.5500 | &nbsp;&nbsp;&nbsp;02/10/27 | 443819 |
|  |  |  |  | 1474589 |
|  | **OIL & GAS PRODUCERS** — **0.4%** |  |  |  |
| 198000 | Chevron Corporation | 2.9540 | &nbsp;&nbsp;&nbsp;05/16/26 | 197894 |
|  | **REAL ESTATE INVESTMENT TRUSTS** — **4.0%** |  |  |  |
| 145000 | Prologis, L.P. | 3.2500 | &nbsp;&nbsp;&nbsp;10/01/26 | 144546 |
| 77000 | Realty Income Corporation | 4.8750 | &nbsp;&nbsp;&nbsp;06/01/26 | 77017 |
| 367000 | Realty Income Corporation | 4.4500 | &nbsp;&nbsp;&nbsp;09/15/26 | 367089 |
| 85000 | Realty Income Corporation | 4.1250 | &nbsp;&nbsp;&nbsp;10/15/26 | 85020 |
| 10000 | Realty Income Corporation | 3.2000 | &nbsp;&nbsp;&nbsp;01/15/27 | 9932 |
| 332000 | Realty Income Corporation | 3.9500 | &nbsp;&nbsp;&nbsp;08/15/27 | 330690 |
| 713000 | Tanger Properties, L.P. | 3.1250 | &nbsp;&nbsp;&nbsp;09/01/26 | 709841 |
| 309000 | Tanger Properties, L.P. | 3.8750 | &nbsp;&nbsp;&nbsp;07/15/27 | 306748 |
|  |  |  |  | 2030883 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ARROW RESERVE CAPITAL MANAGEMENT ETF** | **ARROW RESERVE CAPITAL MANAGEMENT ETF** | **ARROW RESERVE CAPITAL MANAGEMENT ETF** | **ARROW RESERVE CAPITAL MANAGEMENT ETF** | **ARROW RESERVE CAPITAL MANAGEMENT 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** |
|  | **CORPORATE BONDS — 61.6% (Continued)** |  |  |  |
|  | **RETAIL - DISCRETIONARY** — **1.0%** |  |  |  |
| 498000 | Ross Stores, Inc. | 4.7000 | &nbsp;&nbsp;&nbsp;04/15/27 | $497463 |
|  | **SEMICONDUCTORS** — **1.7%** |  |  |  |
| 10000 | Broadcom, Inc. | 3.4590 | &nbsp;&nbsp;&nbsp;09/15/26 | 9977 |
| 325000 | Intel Corporation | 3.7500 | &nbsp;&nbsp;&nbsp;03/25/27 | 323806 |
| 537000 | Intel Corporation | 3.1500 | &nbsp;&nbsp;&nbsp;05/11/27 | 531201 |
| 35000 | Intel Corporation | 3.7500 | &nbsp;&nbsp;&nbsp;08/05/27 | 34719 |
|  |  |  |  | 899703 |
|  | **SOFTWARE** — **1.1%** |  |  |  |
| 548000 | Oracle Corporation | 2.6500 | &nbsp;&nbsp;&nbsp;07/15/26 | 546038 |
|  | **SPECIALTY FINANCE** — **4.1%** |  |  |  |
| 485000 | American Express Company | 3.3000 | &nbsp;&nbsp;&nbsp;05/03/27 | 481492 |
| 583000 | Capital One Financial Corporation | 3.7500 | &nbsp;&nbsp;&nbsp;07/28/26 | 582309 |
| 148000 | Capital One Financial Corporation | 3.6500 | &nbsp;&nbsp;&nbsp;05/11/27 | 147086 |
| 22000 | Capital One Financial Corporation | 3.8000 | &nbsp;&nbsp;&nbsp;01/31/28 | 21760 |
| 66000 | Discover Financial Services | 4.1000 | &nbsp;&nbsp;&nbsp;02/09/27 | 65948 |
| 332000 | Penske Truck Leasing Company Lp / PTL Finance<sup>(b)</sup> | 5.7500 | &nbsp;&nbsp;&nbsp;05/24/26 | 332256 |
| 461000 | Synchrony Financial | 3.7000 | &nbsp;&nbsp;&nbsp;08/04/26 | 460038 |
|  |  |  |  | 2090889 |
|  | **TECHNOLOGY SERVICES** — **1.0%** |  |  |  |
| 492000 | International Business Machines Corporation | 3.3000 | &nbsp;&nbsp;&nbsp;05/15/26 | 491860 |
|  | **TELECOMMUNICATIONS** — **2.5%** |  |  |  |
| 248000 | AT&T, Inc. | 3.8000 | &nbsp;&nbsp;&nbsp;02/15/27 | 247367 |
| 515000 | AT&T, Inc. | 4.2500 | &nbsp;&nbsp;&nbsp;03/01/27 | 515052 |
| 511000 | Verizon Communications, Inc. | 4.1250 | &nbsp;&nbsp;&nbsp;03/16/27 | 511143 |
|  |  |  |  | 1273562 |
|  | **TRANSPORTATION & LOGISTICS** — **1.3%** |  |  |  |
| 688000 | Norfolk Southern Corporation | 2.9000 | &nbsp;&nbsp;&nbsp;06/15/26 | 686930 |
|  | **TOTAL CORPORATE BONDS (Cost $31,476,526)** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31453596 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ARROW RESERVE CAPITAL MANAGEMENT ETF** | **ARROW RESERVE CAPITAL MANAGEMENT ETF** | **ARROW RESERVE CAPITAL MANAGEMENT ETF** | **ARROW RESERVE CAPITAL MANAGEMENT ETF** | **ARROW RESERVE CAPITAL MANAGEMENT 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 ($)** |  | **Yield Rate (%)** | **Maturity** | **Fair Value** |
|  | **U.S. GOVERNMENT & AGENCIES — 38.6%** |  |  |  |
|  | **U.S. TREASURY BILLS** — **26.0%** |  |  |  |
| 857000 | United States Treasury Bill<sup>(c)</sup> | 3.3700 | &nbsp;&nbsp;&nbsp;05/14/26 | $855893 |
| 21000 | United States Treasury Bill<sup>(c)</sup> | 3.5400 | &nbsp;&nbsp;&nbsp;06/02/26 | 20933 |
| 576000 | United States Treasury Bill<sup>(c)</sup> | 3.5500 | &nbsp;&nbsp;&nbsp;06/04/26 | 574046 |
| 8542000 | United States Treasury Bill<sup>(c)</sup> | 3.5600 | &nbsp;&nbsp;&nbsp;06/09/26 | 8508801 |
| 2121000 | United States Treasury Bill<sup>(c)</sup> | 3.6200 | &nbsp;&nbsp;&nbsp;06/23/26 | 2109709 |
| 739000 | United States Treasury Bill<sup>(c)</sup> | 3.6100 | &nbsp;&nbsp;&nbsp;07/16/26 | 733415 |
| 471000 | United States Treasury Bill<sup>(c)</sup> | 3.6300 | &nbsp;&nbsp;&nbsp;07/23/26 | 467102 |
|  |  |  |  | 13269899 |
|  |  | **Coupon Rate (%)** |  |  |
|  | **U.S. TREASURY NOTES** — **12.6%** |  |  |  |
| 250000 | United States Treasury Note | 3.6250 | &nbsp;&nbsp;&nbsp;05/15/26 | 249988 |
| 1020000 | United States Treasury Note | 0.7500 | &nbsp;&nbsp;&nbsp;05/31/26 | 1017351 |
| 1598000 | United States Treasury Note | 4.3750 | &nbsp;&nbsp;&nbsp;07/31/26 | 1600691 |
| 2000000 | United States Treasury Note | 3.7500 | &nbsp;&nbsp;&nbsp;08/31/26 | 2000134 |
| 510000 | United States Treasury Note | 4.2500 | &nbsp;&nbsp;&nbsp;11/30/26 | 511547 |
| 1031000 | United States Treasury Note | 3.6250 | &nbsp;&nbsp;&nbsp;08/31/27 | 1028060 |
|  |  |  |  | 6407771 |
|  | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $19,675,202)** |  |  | 19677670 |
|  | **TOTAL INVESTMENTS - 100.2% (Cost $51,151,728)** |  |  | &nbsp;&nbsp;&nbsp; $51131266 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (0.2)%** |  |  | &nbsp;&nbsp; (94037) |
|  | **NET ASSETS - 100.0%** |  |  | &nbsp;&nbsp; $51037229 |

---

---

| | |
|:---|:---|
| LP | - Limited Partnership |
| PLC | - Public Limited Company |
| REIT | - Real Estate Investment Trust |
| TSFR3M | - Term Secured Overnight Financing Rate (SOFR) 3 month |
| <sup>(a)</sup> | Floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. |
| <sup>(b)</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 $623,079 or 1.2% of net assets. |
| <sup>(c)</sup> | Zero coupon bond. |

---

## 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:** 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:** $51523852.57

**Total Liabilities:** $486623.51

**Net Assets:** $51037229.06

**Cash Not Reported:** $1174.14

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 467.94585000 | **1-Year:** 1532.76481200 | **5-Year:** 80.17069700 | **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 | 0.26%                | 0.16%                | 0.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $236.60                  | $-5416.39                                  |
| Month 2  | $-313.17                 | $-72397.23                                 |
| Month 3  | $39.16                   | $17056.23                                  |

### 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        |    641000 | PA      | $640685.46    | 1.26%             | 2026-05-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                          | PLD 3 1/4 10/01/26    | CUSIP: 74340XBK6<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |    145000 | PA      | $144545.95    | 0.28%             | 2026-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                   | O 4 1/8 10/15/26      | CUSIP: 756109AR5<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85020.13     | 0.17%             | 2026-10-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELECTRIC & POWER COMPANY                    | D 3 3/4 05/15/27      | CUSIP: 927804GH1<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |     99000 | PA      | $98659.78     | 0.19%             | 2027-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                           | COF 3 3/4 07/28/26    | CUSIP: 14040HBK0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    583000 | PA      | $582309.35    | 1.14%             | 2026-07-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PARKER-HANNIFIN CORP                                 | PH 4 1/4 09/15/27     | CUSIP: 701094AR5<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |    503000 | PA      | $503249.33    | 0.99%             | 2027-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                                | NOC 3 1/4 01/15/28    | CUSIP: 666807BN1<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29500.43     | 0.06%             | 2028-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE & COMPANY                            | JPM 3.2 06/15/26      | CUSIP: 46625HRS1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     21000 | PA      | $20982.44     | 0.04%             | 2026-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL INC                           | MAR 4.2 07/15/27      | CUSIP: 571903BV4<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    430000 | PA      | $429296.55    | 0.84%             | 2027-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                           | COF 3.8 01/31/28      | CUSIP: 14040HBW4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     22000 | PA      | $21759.50     | 0.04%             | 2028-01-31      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY INC                  | AEP 5 3/4 11/01/27    | CUSIP: 025537AV3<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    167000 | PA      | $169977.91    | 0.33%             | 2027-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                             | AXP 3.3 05/03/27      | CUSIP: 025816CP2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    485000 | PA      | $481492.26    | 0.94%             | 2027-05-03      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COMPANY (THE)                               | SO 3 1/4 07/01/26     | CUSIP: 842587CV7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998776.62    | 1.96%             | 2026-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                        | C 3.2 10/21/26        | CUSIP: 172967KY6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    481000 | PA      | $478877.38    | 0.94%             | 2026-10-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ROSS STORES INC                                      | ROST 4.7 04/15/27     | CUSIP: 778296AC7<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | DBT              | CORP              | US        |    498000 | PA      | $497462.82    | 0.97%             | 2027-04-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                                  | CARR 2.493 02/15/27   | CUSIP: 14448CAP9<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    220000 | PA      | $217243.40    | 0.43%             | 2027-02-15      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| ENTERGY CORP                                         | ETR 2.95 09/01/26     | CUSIP: 29364GAJ2<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    701000 | PA      | $698257.87    | 1.37%             | 2026-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                  | SYF 3.7 08/04/26      | CUSIP: 87165BAL7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    461000 | PA      | $460038.31    | 0.90%             | 2026-08-04      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                           | INTC 3 3/4 08/05/27   | CUSIP: 458140BY5<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34719.48     | 0.07%             | 2027-08-05      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | B 06/09/26            | CUSIP: 912797TZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8542000 | PA      | $8508801.86   | 16.67%            | 2026-06-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                                | NOC 3.2 02/01/27      | CUSIP: 666807BK7<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    743000 | PA      | $738178.20    | 1.45%             | 2027-02-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| TANGER PROPERTIES LP                                 | SKT 3 7/8 07/15/27    | CUSIP: 875484AK3<br>LEI: PQPGJDNFN35EXH363L31 | Long             | DBT              | CORP              | US        |    309000 | PA      | $306747.59    | 0.60%             | 2027-07-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                       | AMZN 3.85 03/13/28    | CUSIP: 023135DB9<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    531000 | PA      | $528739.51    | 1.04%             | 2028-03-13      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL FINANCIAL GROUP INC                        | PFG 3.1 11/15/26      | CUSIP: 74251VAM4<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | DBT              | CORP              | US        |    374000 | PA      | $371856.80    | 0.73%             | 2026-11-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                           | INTC 3.15 05/11/27    | CUSIP: 458140AX8<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    537000 | PA      | $531200.58    | 1.04%             | 2027-05-11      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                             | RTX 3 1/2 03/15/27    | CUSIP: 75513ECH2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    736000 | PA      | $732247.74    | 1.43%             | 2027-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ALLSTATE CORP (THE)                                  | ALL 3.28 12/15/26     | CUSIP: 020002BD2<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |   1124000 | PA      | $1118789.82   | 2.19%             | 2026-12-15      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| TEXTRON INC                                          | TXT 3.65 03/15/27     | CUSIP: 883203BX8<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | DBT              | CORP              | US        |    782000 | PA      | $777859.20    | 1.52%             | 2027-03-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| NORTHERN TRUST CORP                                  | NTRS 4 05/10/27       | CUSIP: 665859AW4<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |    155000 | PA      | $154910.69    | 0.30%             | 2027-05-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                             | T 4 1/4 03/01/27      | CUSIP: 00206RDQ2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    515000 | PA      | $515052.27    | 1.01%             | 2027-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC                                    | GIS 4.7 01/30/27      | CUSIP: 370334CX0<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |     53000 | PA      | $53215.92     | 0.10%             | 2027-01-30      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| KEYBANK NA                                           | KEY 5.85 11/15/27     | CUSIP: 49327M3F9<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254835.31    | 0.50%             | 2027-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS COMPANY (THE)                       | SHW 3.45 06/01/27     | CUSIP: 824348AW6<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |    509000 | PA      | $504596.72    | 0.99%             | 2027-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                                  | CARR 2.493 02/15/27   | CUSIP: 14448CAH7<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    155000 | PA      | $153057.85    | 0.30%             | 2027-02-15      | Fixed         | 2.49%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | B 07/23/26            | CUSIP: 912797TP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    471000 | PA      | $467101.56    | 0.92%             | 2026-07-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                           | DFS 4.1 02/09/27      | CUSIP: 254709AM0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     66000 | PA      | $65948.29     | 0.13%             | 2027-02-09      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                   | O 3.2 01/15/27        | CUSIP: 756109BZ6<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9932.21      | 0.02%             | 2027-01-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC                           | VZ 4 1/8 03/16/27     | CUSIP: 92343VDY7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    511000 | PA      | $511142.61    | 1.00%             | 2027-03-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                                  | WFC 5.45 08/07/26     | CUSIP: 94988J6D4<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250694.61    | 0.49%             | 2026-08-07      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL INC                           | MAR 3 1/8 06/15/26    | CUSIP: 571903AS2<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     52000 | PA      | $51940.74     | 0.10%             | 2026-06-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| EVERGY KANSAS CENTRAL INC                            | EVRG 3.1 04/01/27     | CUSIP: 95709TAP5<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | DBT              | CORP              | US        |    255000 | PA      | $252982.70    | 0.50%             | 2027-04-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                             | T 3.8 02/15/27        | CUSIP: 00206RHW5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    248000 | PA      | $247367.23    | 0.48%             | 2027-02-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| TANGER PROPERTIES LP                                 | SKT 3 1/8 09/01/26    | CUSIP: 875484AJ6<br>LEI: PQPGJDNFN35EXH363L31 | Long             | DBT              | CORP              | US        |    713000 | PA      | $709841.18    | 1.39%             | 2026-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                        | GS 3.85 01/26/27      | CUSIP: 38141GWB6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    452000 | PA      | $451103.74    | 0.88%             | 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        |    278000 | PA      | $278913.47    | 0.55%             | 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      | $137764.74    | 0.27%             | 2027-01-16      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                    | ES 4 3/4 05/15/26     | CUSIP: 30040WAV0<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70014.91     | 0.14%             | 2026-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ZOETIS INC                                           | ZTS 3 09/12/27        | CUSIP: 98978VAL7<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |    221000 | PA      | $217299.26    | 0.43%             | 2027-09-12      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                        | GS 3 1/2 11/16/26     | CUSIP: 38145GAH3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    568000 | PA      | $566264.90    | 1.11%             | 2026-11-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW YORK MELLON CORP (THE)                   | BK 2.8 05/04/26       | CUSIP: 06406FAC7<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    264000 | PA      | $263973.84    | 0.52%             | 2026-05-04      | Fixed         | 2.80%                 | 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      | $85341.86     | 0.17%             | 2026-09-12      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| QUEST DIAGNOSTICS INC                                | DGX 3.45 06/01/26     | CUSIP: 74834LAZ3<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | DBT              | CORP              | US        |    535000 | PA      | $534686.24    | 1.05%             | 2026-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING CO LP                           | PENSKE 5 3/4 05/24/26 | CUSIP: 709599BU7<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |    332000 | PA      | $332255.52    | 0.65%             | 2026-05-24      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| STRYKER CORP                                         | SYK 4.55 02/10/27     | CUSIP: 863667BJ9<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    442000 | PA      | $443819.29    | 0.87%             | 2027-02-10      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| EXPRESS SCRIPTS HOLDING COMPANY                      | CI 3.4 03/01/27       | CUSIP: 30219GAN8<br>LEI: 5493003UA6VMND084504 | Long             | DBT              | CORP              | US        |    190000 | PA      | $188842.63    | 0.37%             | 2027-03-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & COMPANY                           | BDX 3.7 06/06/27      | CUSIP: 075887BW8<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |   1038000 | PA      | $1030769.59   | 2.02%             | 2027-06-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS INC                  | NEE 3.55 05/01/27     | CUSIP: 65339KAT7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     27000 | PA      | $26818.39     | 0.05%             | 2027-05-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| CNA FINANCIAL CORP                                   | CNA 3.45 08/15/27     | CUSIP: 126117AU4<br>LEI: 549300YX2GSZD7YG1R84 | Long             | DBT              | CORP              | US        |    202000 | PA      | $199551.49    | 0.39%             | 2027-08-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP INC                         | CFG 2.85 07/27/26     | CUSIP: 174610AR6<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    334000 | PA      | $332812.14    | 0.65%             | 2026-07-27      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS INC                  | NEE 4.685 09/01/27    | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    764000 | PA      | $767622.28    | 1.50%             | 2027-09-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| CAMPBELL'S COMPANY (THE)                             | CPB 5.2 03/19/27      | CUSIP: 134429BM0<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    509000 | PA      | $512885.31    | 1.00%             | 2027-03-19      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| EATON CORP                                           | ETN 3.85 03/06/28     | CUSIP: 278058DV1<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |    417000 | PA      | $414305.22    | 0.81%             | 2028-03-06      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | B 06/04/26            | CUSIP: 912797SX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    576000 | PA      | $574045.68    | 1.12%             | 2026-06-04      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CHEVRON CORP                                         | CVX 2.954 05/16/26    | CUSIP: 166764BL3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    198000 | PA      | $197894.33    | 0.39%             | 2026-05-16      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                           | USB 3.15 04/27/27     | CUSIP: 91159HHR4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    201000 | PA      | $199343.19    | 0.39%             | 2027-04-27      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                                | NSC 2.9 06/15/26      | CUSIP: 655844BS6<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    688000 | PA      | $686930.09    | 1.35%             | 2026-06-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                   | O 3.95 08/15/27       | CUSIP: 756109BG8<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    332000 | PA      | $330689.74    | 0.65%             | 2027-08-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | B 06/23/26            | CUSIP: 912797UB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2121000 | PA      | $2109709.92   | 4.13%             | 2026-06-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | T 3 5/8 05/15/26      | CUSIP: 91282CHB0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    250000 | PA      | $249988.14    | 0.49%             | 2026-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                                 | WEC 5.15 10/01/27     | CUSIP: 92939UAJ5<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25263.24     | 0.05%             | 2027-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                        | C 3.4 05/01/26        | CUSIP: 172967KN0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    192000 | PA      | $192000.00    | 0.38%             | 2026-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                          | EXC 2 3/4 03/15/27    | CUSIP: 30161NBB6<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    321000 | PA      | $317238.32    | 0.62%             | 2027-03-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | T 0 3/4 05/31/26      | CUSIP: 91282CCF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1020000 | PA      | $1017351.43   | 1.99%             | 2026-05-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                 | BAC Float 09/15/26    | CUSIP: 59022CAA1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75126.56     | 0.15%             | 2026-09-15      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                   | O 4 7/8 06/01/26      | CUSIP: 756109BF0<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |     77000 | PA      | $77017.45     | 0.15%             | 2026-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                    | STT 5.272 08/03/26    | CUSIP: 857477CD3<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     62000 | PA      | $62147.56     | 0.12%             | 2026-08-03      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                   | O 4.45 09/15/26       | CUSIP: 756109BY9<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    367000 | PA      | $367088.70    | 0.72%             | 2026-09-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                           | COF 3.65 05/11/27     | CUSIP: 14040HCE3<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    148000 | PA      | $147085.89    | 0.29%             | 2027-05-11      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | B 07/16/26            | CUSIP: 912797TN7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    739000 | PA      | $733414.80    | 1.44%             | 2026-07-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC (THE)               | PNC 3.15 05/19/27     | CUSIP: 693475AT2<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    375000 | PA      | $371625.53    | 0.73%             | 2027-05-19      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                  | D 3.6 03/15/27        | CUSIP: 25746UDF3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    253000 | PA      | $251579.09    | 0.49%             | 2027-03-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                              | JPM 5.11 12/08/26     | CUSIP: 48125LRU8<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | DBT              | CORP              | US        |    500000 | PA      | $503006.75    | 0.99%             | 2026-12-08      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | T 3 3/4 08/31/26      | CUSIP: 91282CLH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $2000133.54   | 3.92%             | 2026-08-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                          | ORCL 2.65 07/15/26    | CUSIP: 68389XBM6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    548000 | PA      | $546037.64    | 1.07%             | 2026-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | T 4 3/8 07/31/26      | CUSIP: 91282CLB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1598000 | PA      | $1600690.01   | 3.14%             | 2026-07-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                           | INTC 3 3/4 03/25/27   | CUSIP: 458140BQ2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    325000 | PA      | $323805.61    | 0.63%             | 2027-03-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                     | DUK 2.65 09/01/26     | CUSIP: 26441CAS4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    973000 | PA      | $967813.44    | 1.90%             | 2026-09-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| HUBBELL INC                                          | HUBB 3.15 08/15/27    | CUSIP: 443510AH5<br>LEI: 54930088VDQ6840Y6597 | Long             | DBT              | CORP              | US        |    305000 | PA      | $300416.65    | 0.59%             | 2027-08-15      | Fixed         | 3.15%                 | 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      | $512945.55    | 1.01%             | 2026-05-03      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                           | ABBV 4.8 03/15/27     | CUSIP: 00287YDR7<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    531000 | PA      | $534237.56    | 1.05%             | 2027-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                  | D 2.85 08/15/26       | CUSIP: 25746UCK3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    518000 | PA      | $515975.83    | 1.01%             | 2026-08-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | B 06/02/26            | CUSIP: 912797TU1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     21000 | PA      | $20932.99     | 0.04%             | 2026-06-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | T 3 5/8 08/31/27      | CUSIP: 91282CNV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1031000 | PA      | $1028060.04   | 2.01%             | 2027-08-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                       | MS 3 5/8 01/20/27     | CUSIP: 61746BEF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    589000 | PA      | $587027.67    | 1.15%             | 2027-01-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ENTERGY TEXAS INC                                    | ETR 1 1/2 09/01/26    | CUSIP: 29365TAL8<br>LEI: LWXX58X12AJXISQ28573 | Long             | DBT              | CORP              | US        |     68000 | PA      | $67313.28     | 0.13%             | 2026-09-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                         | AVGO 3.459 09/15/26   | CUSIP: 11135FAN1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9977.15      | 0.02%             | 2026-09-15      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | T 4 1/4 11/30/26      | CUSIP: 91282CLY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    510000 | PA      | $511547.28    | 1.00%             | 2026-11-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORP                 | IBM 3.3 05/15/26      | CUSIP: 459200JZ5<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    492000 | PA      | $491860.05    | 0.96%             | 2026-05-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| STATE STREET BANK & TRUST COMPANY                    | STT 4.594 11/25/26    | CUSIP: 857449AC6<br>LEI: 571474TGEMMWANRLN572 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250856.35    | 0.49%             | 2026-11-25      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | B 05/14/26            | CUSIP: 912797QN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    857000 | PA      | $855892.60    | 1.68%             | 2026-05-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY BANK                                       | SYF 5 5/8 08/23/27    | CUSIP: 87166FAE3<br>LEI: 549300UATVPGSLE43Z27 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252255.53    | 0.49%             | 2027-08-23      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Arrow Investments Trust

**Signature:** Sam Singh

**Name of Signer:** Sam Singh

**Title:** Treasurer