# EDGAR Filing Document

**Accession Number:** 0001527428
**File Stem:** 0000910472-25-001485
**Filing Date:** 2025-9
**Character Count:** 43186
**Document Hash:** d1a1b6933eb64da9d5221412806e90a6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-001485.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0000910472-25-001485

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20250731

**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:** 251347342

**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:** 2025-07-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $28402818.94

**Total Liabilities:** $1979088.08

**Net Assets:** $26423730.86

**Amount of Assets Invested in Other Investment Companies:** $1997348.29

**Cash Not Reported:** $940932.27

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000110176 | 1.58%                | 2.07%                | 0.42%                |
| Class ID C000110177 | 1.48%                | 2.04%                | 0.38%                |
| Class ID C000110178 | 1.63%                | 2.10%                | 0.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-74894.55               | $636727.62                                 |
| Month 2  | $25016.62                | $587222.04                                 |
| Month 3  | $1390853.09              | $-1310829.90                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Carmax Inc                            | CARMAX INC                   | CUSIP: 143130102<br>LEI: 529900F60CID3NCZM330 | Long             | EC               | CORP              | US        |      1668 | NS      | $94425.48     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                             | JABIL INC                    | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |       641 | NS      | $143051.97    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | Nomura Commodity Call Option | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               | CORP              | US        |       840 | NC      | $906536.40    | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Inc                           | ISHARES MSCI GER             | CUSIP: 464286806<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     11486 | NS      | $472648.90    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                              | AT&T INC                     | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |      5391 | NS      | $147767.31    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Transdigm Group Inc.                  | TRANSDIGM GROUP              | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        16 | NS      | $25735.36     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                  | HOWMET AEROSPACE             | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |       135 | NS      | $24268.95     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                            | AIRBNB INC-A                 | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |       268 | NS      | $35485.88     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corporation          | NORTHROP GRUMMAN             | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |        48 | NS      | $27677.28     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Incorporated        | TEXAS INSTRUMENT             | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |       110 | NS      | $19916.60     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                     | EXPEDIA GROUP IN             | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |       194 | NS      | $34962.68     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Invts Tr                        | ARROW RES CM ETF             | CUSIP: 042765719<br>LEI: 549300IHK71DVRHETY77 | Long             | EC               | RF                | US        |      3126 | NS      | $312943.86    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.          | MARRIOTT INTL-A              | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |       141 | NS      | $37200.03     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities, Inc. | ALEXANDRIA REAL              | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |       930 | NS      | $71079.90     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                   | AXON ENTERPRISE              | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |        30 | NS      | $22664.70     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion PLC                          | ALLEGION PLC                 | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |       225 | NS      | $37332.00     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Walgreens Boots Alliance Inc.         | WALGREENS BOOTS              | CUSIP: 931427108<br>LEI: 549300RPTUOIXG4LIH86 | Long             | EC               | CORP              | US        |     25422 | NS      | $295912.08    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc.                  | DELTA AIR LI                 | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |      1808 | NS      | $96203.68     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                   | WALT DISNEY CO/T             | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |       511 | NS      | $60865.21     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc.             | LENNOX INTL INC              | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |        58 | NS      | $35322.00     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions, Inc.              | SKYWORKS SOLUTIO             | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |       293 | NS      | $20082.22     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corporation           | LOCKHEED MARTIN              | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |        52 | NS      | $21890.96     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES IBOXX IN             | CUSIP: 464287242<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     11860 | NS      | $1294044.60   | 4.90%             |  |  |  | No            |                  1 | On Loan: No      |
| L3 Harris Technologies Inc            | L3HARRIS TECHNOL             | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |        96 | NS      | $26382.72     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc.     | PNC FINANCIAL SE             | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |       199 | NS      | $37863.73     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Company                | GENERAL MOTORS C             | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      1891 | NS      | $100865.94    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES MSCI POL             | CUSIP: 46429B606<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     14937 | NS      | $474249.75    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Company                            | 3M CO                        | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |       974 | NS      | $145340.28    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                           | CENCORA INC                  | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |       262 | NS      | $74952.96     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company              | AMERICAN EXPRESS             | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |       324 | NS      | $96976.44     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries, Inc.   | HUNTINGTON INGAL             | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |        99 | NS      | $27607.14     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kroger Co.                        | KROGER CO                    | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |      4265 | NS      | $298976.50    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.      | PHILIP MORRIS IN             | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |       908 | NS      | $148957.40    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                               | KEYCORP                      | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |      2135 | NS      | $38259.20     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.           | VERIZON COMMUNIC             | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      3460 | NS      | $147949.60    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITIES EXCHANGE CENTER           | GOLD 100 OZ FUTR  Dec25      | CUSIP: N/A<br>LEI: N/A                        | Long             | DCO              | CORP              | US        |         6 | NC      | $23657.14     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corporation                     | INTEL CORP                   | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |      1034 | NS      | $20473.20     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.          | HONEYWELL INTL               | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |       666 | NS      | $148085.10    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein, Inc.                    | HENRY SCHEIN INC             | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |      1050 | NS      | $71032.50     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                          | BROADCOM INC                 | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |        71 | NS      | $20852.70     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                   | FIFTH THIRD BANC             | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |       866 | NS      | $35999.62     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds                  | VANGUARD GRW ETF             | CUSIP: 922908736<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |      2740 | NS      | $1247193.20   | 4.72%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES MSCI NOR             | CUSIP: 46429B499<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     17322 | NS      | $470451.66    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                   | NEWMONT CORP                 | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      4619 | NS      | $286839.90    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp.                         | VERALTO CORP                 | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |       703 | NS      | $73695.49     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                            | GARMIN LTD                   | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |      1235 | NS      | $270168.60    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                | TRANE TECHNOLOGI             | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |        78 | NS      | $34170.24     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management, Inc.                | WASTE MANAGEMENT             | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |       304 | NS      | $69664.64     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower OP LLC                      | WELLTOWER INC                | CUSIP: 95040Q104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       445 | NS      | $73456.15     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corporation                  | CARNIVAL CORP                | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |      1244 | NS      | $37033.88     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                 | CARDINAL HEALTH              | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |       465 | NS      | $72177.30     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc             | HEALTHPEAK PROPE             | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |      4254 | NS      | $72062.76     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International PLC    | JOHNSON CONTROLS             | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |       358 | NS      | $37590.00     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                  | JPMORGAN CHASE               | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |       135 | NS      | $39992.40     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                        | CITIGROUP INC                | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |       391 | NS      | $36636.70     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Inc                           | ISHARES MSCI SPA             | CUSIP: 464286764<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     11107 | NS      | $496705.04    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                     | SPDR BLOOMBERG C             | CUSIP: 78464A359<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     13123 | NS      | $1114405.16   | 4.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.           | ADV MICRO DEVICE             | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |       119 | NS      | $20980.89     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Inc                           | ISHARES MSCI CHI             | CUSIP: 464286640<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     15271 | NS      | $455533.93    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                    | ALTRIA GROUP INC             | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      2489 | NS      | $154168.66    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Exchange-Traded Fund Trust    | INVESCO S&P MIDCAP 400 PU    | CUSIP: 46137V217<br>LEI: QPT4TMG79RF3UWNU0R52 | Long             | EC               | RF                | US        |     17680 | NS      | $890414.30    | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Autozone, Inc.                        | AUTOZONE INC                 | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |        25 | NS      | $94209.50     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                  | BOOKING HOLDINGS             | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |         7 | NS      | $38528.42     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                     | WELLS FARGO & CO             | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |       447 | NS      | $36041.61     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.              | O'REILLY AUTOMOT             | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      1020 | NS      | $100286.40    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith(Ao)Corp                         | SMITH (A.O.)CORP             | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |       516 | NS      | $36527.64     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                 | NXP SEMICONDUCTO             | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |        93 | NS      | $19880.61     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                       | FIRST SOLAR INC              | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |       116 | NS      | $20268.68     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders Firstsource, Inc.            | BUILDERS FIRSTSO             | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |       277 | NS      | $35215.01     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc         | HILTON WORLDWIDE             | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |       149 | NS      | $39943.92     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation        | SCHWAB (CHARLES)             | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |       755 | NS      | $73786.15     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                          | NVIDIA CORP                  | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |       120 | NS      | $21344.40     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.                | MICRON TECH                  | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |       189 | NS      | $20627.46     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp.                             | AES CORP                     | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |     11003 | NS      | $144689.45    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                         | QUALCOMM INC                 | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |       130 | NS      | $19078.80     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.               | REPUBLIC SVCS                | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |       283 | NS      | $65273.95     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                 | BANK OF AMERICA              | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |       764 | NS      | $36114.28     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                        | MORGAN STANLEY               | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |       520 | NS      | $74079.20     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Inc                           | ISHARES MSCI ITA             | CUSIP: 46434G830<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     10146 | NS      | $489544.50    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                         | NETFLIX INC                  | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |        50 | NS      | $57970.00     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Mckesson Corp.                        | MCKESSON CORP                | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |       108 | NS      | $74902.32     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Inc                           | ISHARES MSCI SOU             | CUSIP: 464286780<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |      9049 | NS      | $480049.45    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc.               | TKO GROUP HOLDIN             | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       327 | NS      | $54939.27     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES MSCI CHINA ETF       | CUSIP: 46429B671<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      8619 | NS      | $494989.17    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros. Discovery Inc.           | WARNER BROS DISC             | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |      4505 | NS      | $59330.85     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corporation            | CARRIER GLOB                 | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |       515 | NS      | $35339.30     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc.                   | ANALOG DEVICES               | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |        91 | NS      | $20441.33     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc.          | RAYMOND JAMES                | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |       440 | NS      | $73537.20     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc.         | MONOLITHIC POWER             | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |        29 | NS      | $20625.96     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Inc                           | ISHARES MSCI SIN             | CUSIP: 46434G780<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     18544 | NS      | $490859.68    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                             | RTX CORP                     | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |       167 | NS      | $26314.19     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                          | GENERAL ELECTRIC             | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |        94 | NS      | $25481.52     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Cruise Line Holdings Ltd    | NORWEGIAN CRUISE             | CUSIP: G66721104<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |      1578 | NS      | $40333.68     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Incorporated                  | CORNING INC                  | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |      2384 | NS      | $150764.16    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.           | CAPITAL ONE FINA             | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |       459 | NS      | $98685.00     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                   | TE CONNECTIVITY              | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |       706 | NS      | $145259.50    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment, Inc.       | LIVE NATION ENTE             | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |       407 | NS      | $60113.90     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| The Boeing Company                    | BOEING CO/THE                | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |       118 | NS      | $26177.12     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                             | TESLA INC                    | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       291 | NS      | $89706.57     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.             | GOLDMAN SACHS GP             | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       101 | NS      | $73082.59     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                 | QUANTA SERVICES              | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |       719 | NS      | $292007.47    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Inc                           | ISHARES MSCI ISRAEL ETF      | CUSIP: 464286632<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |      5191 | NS      | $476637.62    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation          | GENERAL DYNAMICS             | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |        82 | NS      | $25552.02     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES 1-3 YEAR             | CUSIP: 464287457<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     23691 | NS      | $1954981.32   | 7.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Incorporated     | MICROCHIP TECH               | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |       299 | NS      | $20209.41     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc.                          | TEXTRON INC                  | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |       297 | NS      | $23097.69     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                  | AMPHENOL CORP-A              | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      1403 | NS      | $149433.53    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                            | HASBRO INC                   | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |      3874 | NS      | $291169.84    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corporation                     | MASCO CORP                   | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |       554 | NS      | $37744.02     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc          | UNITED AIRLINES              | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |      1087 | NS      | $95992.97     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                           | ROLLINS INC                  | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |      1244 | NS      | $71243.88     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | Nomura Financial Call Option | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               | CORP              | US        |      1160 | NC      | $591634.80    | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES TIPS BOND ETF        | CUSIP: 464287176<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     11631 | NS      | $1275571.77   | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Company                    | FORD MOTOR CO                | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |      8891 | NS      | $98423.37     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co.                | SOUTHWEST AIR                | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |      3168 | NS      | $97986.24     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES SELECT U             | CUSIP: 464287564<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     22663 | NS      | $1365219.12   | 5.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc.                           | VENTAS INC                   | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |      1080 | NS      | $72554.40     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.             | FRST AM-GV OB-X              | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    972637 | PA      | $972636.93    | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp.                         | US BANCORP                   | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |       799 | NS      | $35923.04     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                   | SYNCHRONY FINANC             | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |      1382 | NS      | $96283.94     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp.                | ON SEMICONDUCTOR             | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |       362 | NS      | $20402.32     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES IBOXX HI             | CUSIP: 464288513<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     13130 | NS      | $1055389.40   | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                           | VISTRA CORP                  | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |       754 | NS      | $157239.16    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Group                 | ROYAL CARIBBEAN              | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |       110 | NS      | $34965.70     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Arrow Investments Trust

**Signature:** Sam Singh

**Name of Signer:** Sam Singh

**Title:** Treasurer