# EDGAR Filing Document

**Accession Number:** 0001527428
**File Stem:** 0000910472-26-004478
**Filing Date:** 2026-3
**Character Count:** 45723
**Document Hash:** 1eea93762490f29f46d01d1a444b5767
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-004478.hdr.sgml**: 20260330

**ACCESSION NUMBER**: 0000910472-26-004478

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260330

**DATE AS OF CHANGE**: 20260330

**PERIOD START**: 20260731

**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:** 26811566

**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 DWA Tactical: Balanced Fund (Series ID: S000035948)

| Class ID   | Class Name                                                   | Ticker Symbol   |
|:---|:---|:---|
| C000110176 | Arrow DWA Tactical: Balanced Fund Class A Shares             | DWAFX           |
| C000110177 | Arrow DWA Tactical: Balanced Fund Class C Shares             | DWATX           |
| C000110178 | Arrow DWA Tactical: Balanced Fund Institutional Class Shares | DWANX           |

## 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 DWA Tactical: Balanced Fund

- **b. EDGAR series identifier (if any):** S000035948

- **c. LEI of Series:** 549300SO64CFIGY8X777

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $28476317.84

**Total Liabilities:** $718840.87

**Net Assets:** $27757476.97

**Amount of Assets Invested in Other Investment Companies:** $2576834.94

**Cash Not Reported:** $684875.27

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000110176 | 1.65%                | 1.86%                | 5.02%                |
| Class ID C000110177 | 1.59%                | 1.76%                | 5.03%                |
| Class ID C000110178 | 1.76%                | 1.84%                | 5.05%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-0.55                   | $193055.30                                 |
| Month 2  | $180300.79               | $-113467.61                                |
| Month 3  | $113672.28               | $780004.31                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AES Corp.                             | AES CORP                          | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |      8425 | NS      | $123426.25    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.           | ADV MICRO DEVICE                  | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |        66 | NS      | $15624.18     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                            | AIRBNB INC-A                      | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |       268 | NS      | $34671.16     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities, Inc. | ALEXANDRIA REAL                   | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |      1093 | NS      | $59721.52     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                         | ALPHABET INC-C                    | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |       370 | NS      | $125256.10    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                    | ALTRIA GROUP INC                  | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      1999 | NS      | $123918.01    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company              | AMERICAN EXPRESS                  | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |       226 | NS      | $79590.42     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                           | CENCORA INC                       | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |       161 | NS      | $57834.42     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                  | AMPHENOL CORP-A                   | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |       765 | NS      | $110221.20    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc.                   | ANALOG DEVICES                    | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |        64 | NS      | $19896.32     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                | APPLIED MATERIAL                  | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |       153 | NS      | $49314.96     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow ETF Trust                       | ARROW VALTORO ETF                 | CUSIP: 04273H104<br>LEI: 5493008WO2LCDD28WG98 | Long             | EC               | RF                | US        |    100000 | NS      | $1860210.00   | 6.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Invts Tr                        | ARROW RES CSH MG                  | CUSIP: 042765719<br>LEI: 549300IHK71DVRHETY77 | Long             | EC               | RF                | US        |      3126 | NS      | $313178.31    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                   | AXON ENTERPRISE                   | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |        30 | NS      | $14507.40     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                 | BANK OF AMERICA                   | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |       578 | NS      | $30749.60     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co.                            | BOEING CO/THE                     | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |        87 | NS      | $20333.64     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                  | BOOKING HOLDINGS                  | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |         6 | NS      | $30011.04     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                          | BROADCOM INC                      | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |        45 | NS      | $14908.50     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.           | CAPITAL ONE FINA                  | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |       390 | NS      | $85382.70     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                 | CARDINAL HEALTH                   | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |       280 | NS      | $60166.40     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corporation                  | CARNIVAL CORP                     | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |       987 | NS      | $29629.74     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                       | CATERPILLAR INC                   | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |       104 | NS      | $68365.44     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                        | CITIGROUP INC                     | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |       286 | NS      | $33093.06     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc          | CITIZENS FINANCI                  | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |       826 | NS      | $52021.48     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc.              | COMFORT SYSTEMS                   | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |        73 | NS      | $83373.30     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Incorporated                  | CORNING INC                       | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |      1159 | NS      | $119666.75    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc.                          | CUMMINS INC                       | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |       119 | NS      | $68879.58     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc.                  | DELTA AIR LI                      | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |      1235 | NS      | $81374.15     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc.                  | ELECTRONIC ARTS                   | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |       612 | NS      | $124799.04    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Emcor Group Inc                       | EMCOR GROUP INC                   | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |       118 | NS      | $85046.14     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                     | EXPEDIA GROUP IN                  | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |       107 | NS      | $28337.88     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                    | META PLATFORMS-A                  | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |        93 | NS      | $66634.50     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                   | FIFTH THIRD BANC                  | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |       683 | NS      | $34300.26     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.             | FRST AM-GV OB-X                   | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   1208256 | PA      | $1208256.16   | 4.35%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                       | FIRST SOLAR INC                   | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |        72 | NS      | $16237.44     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Company                    | FORD MOTOR CO                     | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |      6464 | NS      | $89720.32     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corporation                       | FOX CORP - A                      | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |      2356 | NS      | $171469.68    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc.                 | FREEPORT-MCMORAN                  | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |      4045 | NS      | $243630.35    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation          | GENERAL DYNAMICS                  | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |        58 | NS      | $20363.22     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                          | GENERAL ELECTRIC                  | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |        66 | NS      | $20248.14     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Company                | GENERAL MOTORS C                  | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |       985 | NS      | $82740.00     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Global X Funds                        | GLOBAL X MSCI GR                  | CUSIP: 37954Y319<br>LEI: 5493003RA4QUTSYF1N15 | Long             | EC               | RF                | US        |      5940 | NS      | $438075.00    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Global X Funds                        | GLOBAL X MSCI CO                  | CUSIP: 37954Y327<br>LEI: 5493003RA4QUTSYF1N15 | Long             | EC               | RF                | US        |     14009 | NS      | $587817.64    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.             | GOLDMAN SACHS GP                  | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |        48 | NS      | $44899.68     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                    | HCA HEALTHCARE I                  | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |       257 | NS      | $125485.39    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                            | HASBRO INC                        | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |      2874 | NS      | $256676.94    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc             | HEALTHPEAK PROPE                  | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |      3760 | NS      | $64822.40     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc         | HILTON WORLDWIDE                  | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |       104 | NS      | $31045.04     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                  | HOWMET AEROSPACE                  | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |        97 | NS      | $20183.76     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Incorporated    | HUNTINGTON BANC                   | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |      2786 | NS      | $48699.28     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries, Inc.   | HUNTINGTON INGAL                  | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |        63 | NS      | $26492.13     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corporation                     | INTEL CORP                        | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |       564 | NS      | $26209.08     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc         | INTERACTIVE BROK                  | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |       609 | NS      | $45601.92     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Db Commodty Indx Trackng Fd   | INVESCO DB COMMO                  | CUSIP: 46138B103<br>LEI: 549300HIW8J5DIIYYM41 | Long             | EC               | RF                | US        |     47087 | NS      | $1150335.41   | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Inc                           | ISHARES MSCI ISR                  | CUSIP: 464286632<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |      4317 | NS      | $513679.83    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Inc                           | ISHARES MSCI SPA                  | CUSIP: 464286764<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |      7805 | NS      | $439343.45    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Inc                           | ISHARES MSCI SOU                  | CUSIP: 464286772<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |      3848 | NS      | $471033.68    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Inc                           | ISHARES MSCI SOU                  | CUSIP: 464286780<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |      6159 | NS      | $450838.80    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES TIPS BON                  | CUSIP: 464287176<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     11631 | NS      | $1284992.88   | 4.63%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES IBOXX IN                  | CUSIP: 464287242<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     10860 | NS      | $1200790.20   | 4.33%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES 20+YR TR                  | CUSIP: 464287432<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     14474 | NS      | $1261119.62   | 4.54%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES JP MORGA                  | CUSIP: 464288281<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     10302 | NS      | $994967.16    | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES IBOXX HI                  | CUSIP: 464288513<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     13130 | NS      | $1065105.60   | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES MSCI PER                  | CUSIP: 464289842<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      5598 | NS      | $484786.80    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES MSCI POL                  | CUSIP: 46429B606<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     11882 | NS      | $446644.38    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Inc                           | ISHARES MSCI SIN                  | CUSIP: 46434G780<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     14684 | NS      | $414235.64    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Inc                           | ISHARES MSCI ITA                  | CUSIP: 46434G830<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |      7373 | NS      | $412003.24    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                  | JPMORGAN CHASE                    | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |        99 | NS      | $30283.11     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                             | JABIL INC                         | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |       547 | NS      | $129742.93    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                             | KLA CORP                          | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |        31 | NS      | $44266.14     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                               | KEYCORP                           | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |      1615 | NS      | $34754.80     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| L3 Harris Technologies Inc            | L3HARRIS TECHNOL                  | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |        71 | NS      | $24342.35     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corporation              | LAM RESEARCH                      | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |       213 | NS      | $49726.98     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corporation           | LOCKHEED MARTIN                   | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |        36 | NS      | $22831.92     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corporation                  | M&T BANK CORP                     | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |       239 | NS      | $52955.23     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.          | MARRIOTT INTL-A                   | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |        97 | NS      | $30584.10     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                       | MATCH GROUP INC                   | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |      1915 | NS      | $59652.25     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Mckesson Corp.                        | MCKESSON CORP                     | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |        76 | NS      | $63171.96     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Incorporated     | MICROCHIP TECH                    | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |       299 | NS      | $22700.08     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.                | MICRON TECH                       | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |        59 | NS      | $24477.92     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc.         | MONOLITHIC POWER                  | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |        16 | NS      | $17986.40     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                        | MORGAN STANLEY                    | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |       233 | NS      | $42592.40     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                   | NEWMONT CORP                      | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      2002 | NS      | $224924.70    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corporation          | NORTHROP GRUMMAN                  | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |        35 | NS      | $24229.10     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corporation                     | NUCOR CORP                        | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |       732 | NS      | $130091.04    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                          | NVIDIA CORP                       | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |       120 | NS      | $22935.60     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp.                | ON SEMICONDUCTOR                  | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |       362 | NS      | $21680.18     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc.     | PNC FINANCIAL SE                  | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |       156 | NS      | $34834.80     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Paccar Inc                            | PACCAR INC                        | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |       548 | NS      | $67354.68     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Skydance Corp.              | PARAMOUNT SKYDAN                  | CUSIP: 69932A204<br>LEI: 529900B6VAJG54Y9QF02 | Long             | EC               | CORP              | US        |      7339 | NS      | $82270.19     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.      | PHILIP MORRIS IN                  | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |       711 | NS      | $127581.84    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Qnity Electronics Inc.                | QNITY ELECTRONIC                  | CUSIP: 74743L100<br>LEI: 254900RSUG4J9TFFZX53 | Long             | EC               | CORP              | US        |       511 | NS      | $49147.98     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                         | QUALCOMM INC                      | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |       130 | NS      | $19706.70     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                 | QUANTA SERVICES                   | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |       189 | NS      | $89705.07     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc.          | RAYMOND JAMES                     | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |       266 | NS      | $44118.76     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                             | RTX CORP                          | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |       113 | NS      | $22705.09     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corporation         | REGIONS FINANCIA                  | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |      1781 | NS      | $50758.50     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                 | ROBINHOOD MARK-A                  | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |       351 | NS      | $34917.48     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                     | SPDR BLOOMBERG C                  | CUSIP: 78464A359<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     12123 | NS      | $1132288.20   | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein, Inc.                    | HENRY SCHEIN INC                  | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |       796 | NS      | $60082.08     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation        | SCHWAB (CHARLES)                  | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |       403 | NS      | $41879.76     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions, Inc.              | SKYWORKS SOLUTIO                  | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |       293 | NS      | $16337.68     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co.                | SOUTHWEST AIR                     | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |      1965 | NS      | $93376.80     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics, Inc.                  | STEEL DYNAMICS                    | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |       724 | NS      | $130008.68    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                   | SYNCHRONY FINANC                  | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |      1161 | NS      | $84323.43     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc.    | TAKE-TWO INTERAC                  | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |       518 | NS      | $114115.40    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc.                         | TERADYNE INC                      | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |       213 | NS      | $51343.65     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                             | TESLA INC                         | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       197 | NS      | $84790.77     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.                | TEXAS INSTRUMENT                  | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |       110 | NS      | $23710.50     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc.                          | TEXTRON INC                       | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |       297 | NS      | $26153.82     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Transdigm Group Inc.                  | TRANSDIGM GROUP                   | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        16 | NS      | $22840.64     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                | TRUIST FINANCIAL                  | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |       982 | NS      | $50494.44     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp.                         | US BANCORP                        | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |       605 | NS      | $33946.55     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc          | UNITED AIRLINES                   | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |       776 | NS      | $79400.32     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services, Inc.       | UNIVERSAL HLTH-B                  | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |       627 | NS      | $126190.02    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc.                           | VENTAS INC                        | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |       837 | NS      | $65009.79     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds                  | VANGUARD S/C G E                  | CUSIP: 922908595<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |      2257 | NS      | $706079.88    | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds                  | VANGUARD GRW ETF                  | CUSIP: 922908736<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |      1555 | NS      | $748810.25    | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                           | VISTRA CORP                       | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |       748 | NS      | $118445.80    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabtec Corp                           | WABTEC CORP                       | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |       302 | NS      | $69502.28     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                     | WELLS FARGO & CO                  | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |       346 | NS      | $31309.54     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc.                        | WELLTOWER INC                     | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |       324 | NS      | $61028.64     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Galaxy Plus Financial Call Option     | Galaxy Plus Financial Call Option | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               | CORP              | US        |      1160 | NC      | $849943.60    | 3.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Galaxy Plus Commodity Call Option     | Galaxy Plus Commodity Call Option | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               | CORP              | US        |       840 | NC      | $1738926.00   | 6.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Norwegian Cruise Line Holdings Ltd    | NORWEGIAN CRUISE                  | CUSIP: G66721104<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |      1578 | NS      | $34652.88     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                   | TE CONNECTIVITY                   | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |       551 | NS      | $122751.78    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITIES EXCHANGE CENTER           | GOLD 100 OZ FUTR  Jun26           | CUSIP: N/A<br>LEI: 5493008GFNDTXFPHWI47       | Long             | DCO              | CORP              | US        |         5 | NC      | $306560.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                 | NXP SEMICONDUCTO                  | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |        93 | NS      | $21031.02     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sycamore                              | SYCAMORE -RIGHT                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     25422 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Caribbean Group                 | ROYAL CARIBBEAN                   | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |       110 | NS      | $35711.50     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** Arrow Investments Trust

**Signature:** Sam Singh

**Name of Signer:** Sam Singh

**Title:** Treasurer