Expense Ratio History

DWAT expense ratio history

Arrow DWA Tactical: Macro ETF

Fund company
Arrow Investments
Type
ETF

5.56%

In basis points
556 basis points
Yearly cost per $10,000
$556
Prospectus dated
1 December 2024, filed with the SEC; rounded to 0.01%
Last change
Raised from 5.39% on 1 December 2024

Fee over time

DWAT expense ratio: 1.52% until 1 Dec 2015, then 2.18%; 2.18% until 1 Dec 2016, then 2.17%; 2.17% until 1 Dec 2017, then 2.10%; 2.10% until 1 Dec 2018, then 2.28%; 2.28% until 1 Dec 2019, then 2.59%; 2.59% until 1 Dec 2020, then 2.54%; 2.54% until 27 Apr 2022, then 3.89%; 3.89% until 1 Dec 2022, then 4.40%; 4.40% until 1 Dec 2023, then 5.39%; 5.39% until 1 Dec 2024, then 5.56%; read at 5.56% on 1 Dec 2024.0.00%2.00%4.00%6.00%8.00%Sep 2014Jun 2016Mar 2018Dec 2019Sep 2021Jun 20231.52% before5.56% from 1 Dec 2024
DWAT expense ratio: 1.52% until 1 Dec 2015, then 2.18%; 2.18% until 1 Dec 2016, then 2.17%; 2.17% until 1 Dec 2017, then 2.10%; 2.10% until 1 Dec 2018, then 2.28%; 2.28% until 1 Dec 2019, then 2.59%; 2.59% until 1 Dec 2020, then 2.54%; 2.54% until 27 Apr 2022, then 3.89%; 3.89% until 1 Dec 2022, then 4.40%; 4.40% until 1 Dec 2023, then 5.39%; 5.39% until 1 Dec 2024, then 5.56%; read at 5.56% on 1 Dec 2024.0.00%2.00%4.00%6.00%8.00%Sep 2014Mar 2018Sep 20211.52% before5.56% from 1 Dec 2024
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Every figure we've recorded

DateFeeWhat happened
1 Dec 2024 5.56% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2024 5.56% Raised from 5.39% to 5.56%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-11-27
1 Dec 2023 5.39% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2023 5.39% Raised from 4.40% to 5.39%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-11-28
1 Dec 2022 4.40% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2022 4.40% Raised from 3.89% to 4.40%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-11-28
27 Apr 2022 3.89% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-04-27 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
27 Apr 2022 3.89% Raised from 2.54% to 3.89%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-04-27
17 Feb 2021 2.54% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-02-17 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Dec 2020 2.54% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-12-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Dec 2020 2.54% Cut from 2.59% to 2.54%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2020-12-21
1 Dec 2019 2.59% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2019 2.59% Raised from 2.28% to 2.59%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-12-11
1 Dec 2018 2.28% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2018 2.28% Raised from 2.10% to 2.28%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-12-21
1 Dec 2017 2.10% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2017 2.10% Cut from 2.17% to 2.10%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-12-12
1 Dec 2016 2.17% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2016 2.17% Cut from 2.18% to 2.17%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2016-12-21
1 Dec 2015 2.18% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-12-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Dec 2015 2.18% Raised from 1.52% to 2.18%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2016-02-01
29 Sep 2014 1.52% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-09-29 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 5.56% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$5,523 in fees over 10 years

After fees, $10,000 grows to $9,323.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$570
3 years$1,698
5 years$2,810
10 years$5,523

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 12 prospectuses for this share class since 2014. Each one is listed above with a link to the filing.

How we read fees

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