Arrow DWA Tactical: Balanced Fund (DWAFX)
The fund primarily invests, either directly or indirectly through investments in exchange traded funds or other investment companies (including affiliated funds), in (i) equity securities, (ii) fixed income securities, or (iii) alternative assets. It may invest up to 25% of its total assets in a wholly-owned and controlled subsidiary (the "DWA Balanced Subsidiary").
Fund Info
| ISIN | US0427654043 |
|---|---|
| CUSIP | 042765404 |
| Issuer | Arrow Funds |
| Inception Date | Aug 6, 2006 |
| Category | Tactical Allocation |
| Min. Investment | $5,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
DWAFX has a high expense ratio of 1.84%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: DWAFX vs. FXAIX, DWAFX vs. FDFIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Arrow DWA Tactical: Balanced Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Arrow DWA Tactical: Balanced Fund had a return of 7.87% year-to-date (YTD) and 12.05% in the last 12 months. Over the past 10 years, Arrow DWA Tactical: Balanced Fund had an annualized return of 2.90%, while the S&P 500 had an annualized return of 10.97%, indicating that Arrow DWA Tactical: Balanced Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.87% | 11.29% |
| 1 month | 1.13% | 4.87% |
| 6 months | 12.46% | 17.88% |
| 1 year | 12.05% | 29.16% |
| 5 years (annualized) | 6.17% | 13.20% |
| 10 years (annualized) | 2.90% | 10.97% |
Monthly Returns
The table below presents the monthly returns of DWAFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.83% | 4.96% | 2.97% | -2.97% | 7.87% | ||||||||
| 2023 | 2.33% | -1.23% | -3.02% | 0.82% | -2.27% | 4.65% | 1.06% | -2.64% | -2.71% | -2.23% | 3.80% | 3.11% | 1.26% |
| 2022 | -2.33% | -1.40% | 5.74% | -1.18% | 1.04% | -6.55% | 0.42% | 0.08% | -5.71% | 5.70% | 2.19% | -2.65% | -5.30% |
| 2021 | -0.48% | 2.81% | -0.16% | 2.90% | 2.21% | -1.27% | -0.08% | 0.68% | -2.47% | 2.92% | -4.41% | 2.23% | 4.68% |
| 2020 | 0.43% | -1.21% | -1.22% | 3.97% | 3.06% | 1.56% | 4.78% | 3.25% | -0.90% | -0.83% | 3.28% | 3.39% | 21.10% |
| 2019 | 5.36% | 1.52% | 1.85% | 1.12% | -2.05% | 3.75% | 0.00% | 1.76% | -2.23% | -0.42% | -0.76% | 0.76% | 10.89% |
| 2018 | 5.58% | -5.14% | -0.46% | 0.23% | -0.31% | -0.86% | 0.71% | 1.79% | 0.23% | -7.33% | -0.49% | -3.83% | -10.01% |
| 2017 | 1.87% | 1.44% | 0.08% | 0.71% | 0.70% | -0.47% | 1.72% | 0.54% | 0.46% | 2.66% | 1.11% | 1.38% | 12.86% |
| 2016 | -3.59% | -0.85% | 4.18% | 0.33% | -0.24% | 2.37% | 2.88% | -1.48% | 0.16% | -2.52% | -0.65% | -0.32% | 0.00% |
| 2015 | 0.45% | 2.55% | -0.22% | 0.44% | 0.29% | -1.75% | 0.74% | -5.15% | -1.32% | 3.54% | -0.38% | -1.17% | -2.21% |
| 2014 | -1.85% | 3.49% | -1.01% | -0.20% | 1.23% | 1.21% | -2.46% | 2.87% | -3.12% | 1.92% | 1.68% | -10.96% | -7.79% |
| 2013 | 3.49% | 0.23% | 2.52% | 1.57% | -0.37% | -2.06% | 3.38% | -3.05% | 3.68% | 2.75% | 1.48% | 1.39% | 15.77% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DWAFX is 44, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
DWAFX (Arrow DWA Tactical: Balanced Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Arrow DWA Tactical: Balanced Fund (DWAFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Arrow DWA Tactical: Balanced Fund granted a 4.13% dividend yield in the last twelve months. The annual payout for that period amounted to $0.48 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.48 | $0.48 | $0.67 | $0.62 | $1.49 | $0.24 | $0.97 | $0.93 | $0.00 | $0.70 | $0.24 |
Dividend yield | 4.13% | 4.45% | 6.02% | 4.94% | 11.89% | 2.07% | 9.09% | 7.24% | 0.00% | 5.70% | 1.79% |
Monthly Dividends
The table displays the monthly dividend distributions for Arrow DWA Tactical: Balanced Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.48 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.67 | $0.67 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.62 | $0.62 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.49 | $1.49 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.97 | $0.97 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.93 | $0.93 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 | $0.70 |
| 2014 | $0.24 | $0.24 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Arrow DWA Tactical: Balanced Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Arrow DWA Tactical: Balanced Fund was 36.81%, occurring on Mar 9, 2009. Recovery took 523 trading sessions.
The current Arrow DWA Tactical: Balanced Fund drawdown is 1.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -36.81% | Nov 1, 2007 | 338 | Mar 9, 2009 | 523 | Apr 4, 2011 | 861 |
| -19.9% | Nov 28, 2014 | 303 | Feb 11, 2016 | 479 | Jan 5, 2018 | 782 |
| -18.39% | Jan 29, 2018 | 229 | Dec 24, 2018 | 384 | Jul 6, 2020 | 613 |
| -14.26% | Jun 9, 2021 | 602 | Oct 27, 2023 | 99 | Mar 21, 2024 | 701 |
| -14.2% | May 2, 2011 | 108 | Oct 3, 2011 | 318 | Jan 10, 2013 | 426 |
Volatility
Volatility Chart
The current Arrow DWA Tactical: Balanced Fund volatility is 2.11%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.