ARROW ETF TR

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

BALDWIN BROTHERS LLC/MA's Holding History (CIK: 0001021258)

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

Q1 2015
Shares 29,322 Value ($000) $711 Avg Close — Range —
Q4 2014
Shares 33,800 Value ($000) $807 Avg Close — Range —