ARROW ETF TR

Ticker: GYLD CUSIP: 04273H104 Class: ARROW DJ GLB YLD

US BANCORP \DE\'s Holding History (CIK: 0000036104)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015

Shares 236 Value ($000) $4 Avg Close — Range —

Q3 2015

Shares 200 Value ($000) $4 Avg Close — Range —

Q2 2015

Shares 200 Value ($000) $5 Avg Close — Range —

Q1 2015

Shares 200 Value ($000) $5 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	236	$4	—	—
Q3 2015	200	$4	—	—
Q2 2015	200	$5	—	—
Q1 2015	200	$5	—	—