ARROW ETF TR

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

Janney Montgomery Scott LLC's Holding History (CIK: 0001329948)

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

Q1 2016
Shares 16,964 Value ($000) $301 Avg Close — Range —
Q4 2015
Shares 19,680 Value ($000) $338 Avg Close — Range —
Q3 2015
Shares 34,063 Value ($000) $653 Avg Close — Range —
Q2 2015
Shares 44,320 Value ($000) $1,019,360 Avg Close — Range —
Q1 2015
Shares 42,291 Value ($000) $1,026 Avg Close — Range —
Q4 2014
Shares 40,568 Value ($000) $968,358 Avg Close — Range —
Q3 2014
Shares 33,968 Value ($000) $893,358 Avg Close — Range —