ARROW RESERVE CAPITAL MANAGEMENT ETF ETF

The investment seeks to preserve capital while maximizing current income. The fund invests in a variety of domestic fixed income securities. The fund invests in fixed income instruments with a dollar-weighted average effective maturity of 0 to 2 years issued by U.S. Dollar-denominated issuers, including mortgage- or asset-backed securities, rated Baa- or higher by Moody?s Investors Service, Inc.(?Moody?s?), or equivalently rated by Standard & Poor?s Ratings Services (?S&P?) or Fitch, Inc.(?Fitch?), or, if unrated, determined by the fund?s sub-advisor to be of comparable quality.