ETF Evaluator:
Arrow Dow Jones Global Yield ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Global Moderate Allocation Over the Last Year
| 27.3% | State Street® Multi-Asset Real Ret ETF (RLY) |
| 26.9% | VanEck Real Assets ETF (RAAX) |
| 19.1% | Cambria Global Asset Allocation ETF (GAA) |
| 17.0% | Global Moderate Allocation () |
| 16.9% | Arrow Dow Jones Global Yield ETF (GYLD) |
Risk
Index
Risk
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ETF Details
Arrow Dow Jones Global Yield ETF Overview
Arrow Dow Jones Global Yield ETF (GYLD) is a passively managed Allocation Global Moderate Allocation exchange-traded fund (ETF). ArrowShares launched the ETF in 2012.
The investment seeks investment results that generally correspond, before fees and expenses, to the price and yield performance of the Dow Jones Global Composite Yield Index (the "index").
The fund uses a "passive" or "indexing" investment approach to seek to track the price and yield performance of the index. It invests at least 80% of its total assets in the component securities of the index (or depositary receipts representing those securities). The index seeks to identify the 150 highest yielding investable securities in the world within three "asset classes."
About Arrow Dow Jones Global Yield ETF (GYLD)
There are 2 members of the management team with an average tenure of 12.01 years: Jonathan Guyer (2014) and Joseph Barrato (2014). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: DJ Global Composite Yield TR USD index with a weighting of 100%. Arrow Dow Jones Global Yield ETF has 155 securities in its portfolio. The top 10 holdings constitute 9.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Arrow Dow Jones Global Yield ETF is part of the Allocation global asset class and is within the Allocation ETF group. Arrow Dow Jones Global Yield ETF has 49.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 31.5% There is 28.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 36.9% (15.9% domestic bond, 21.1% foreign bond and 0.0% convertible bond). Arrow Dow Jones Global Yield ETF has 3.4% of the portfolio in cash.
Assets Under Management
The fund has $37 million in total assets, which is below the $553 million average for the Global Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GYLD Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Arrow Dow Jones Global Yield ETF expense ratio is above average compared to funds in the Global Moderate Allocation category. Arrow Dow Jones Global Yield ETF has an expense ratio of 0.75%, which is 4% lower than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Arrow Dow Jones Global Yield ETF has a portfolio turnover rate of 91%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 35% for the Global Moderate Allocation category.
Recently, in the month of July 2026, Arrow Dow Jones Global Yield ETF returned 2.4%, which earned it a grade of A, as the Global Moderate Allocation category had an average return of 0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Arrow Dow Jones Global Yield ETF has a trailing yield of 7.30%, which is above the 4.27% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Arrow Dow Jones Global Yield ETF Grades
Year to date, the ETF has returned 12.1%, 4.1 percentage points better than the category, which translates into a grade of A. The fund has returned 16.9% over the past year (grade of B), 12.5% over the past three years (grade of A) and 7.0% per year over the past five years (grade of B) and 4.5% per year over the past 10 years (grade of F).
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GYLD Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GYLD Return (NAV) | 2.4% | 2.5% | 16.9% | 12.5% | 7.0% | 4.5% |
| GYLD Return (Price) | 1.8% | 1.3% | 17.1% | 13.9% | 7.4% | 4.8% |
| NAV +/- Price Return | 0.560% | 1.171% | -0.180% | -1.393% | -0.393% | -0.229% |
| Global Moderate Allocation Avg | 0.4% | 0.2% | 17.0% | 12.6% | 7.4% | 6.9% |
| GYLD Grade (NAV) | A | A | B | A | B | F |
| +/- Category (NAV) | 2.0% | 2.3% | -0.1% | -0.1% | -0.4% | -2.4% |
| GYLD Tax-Cost Ratio | na | na | 3.1% | 3.7% | 3.1% | 3.0% |
GYLD Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GYLD Return (NAV) | 12.1% | 14.7% | 4.0% | 11.4% | -7.3% | 16.7% | -11.5% | 14.6% | -9.4% | 5.8% | 13.9% |
| GYLD Return (Price) | 11.2% | 19.9% | 3.8% | 10.3% | -7.7% | 18.0% | -11.1% | 15.5% | -10.0% | 4.3% | 15.8% |
| NAV +/- Price Ret | -0.077% | 0.349% | -0.064% | -0.092% | 0.059% | 0.083% | -0.031% | 6.4% | 6.7% | -26.0% | 13.8% |
| Global Moderate Allocation Avg | 8.0% | 16.9% | 9.2% | 10.4% | -9.2% | 16.1% | 0.1% | 16.9% | -7.9% | 12.9% | 10.8% |
| GYLD Grade (NAV) | A | D | F | B | B | B | F | F | F | F | B |
| +/- Category | 4.1% | -2.2% | -5.1% | 1.0% | 1.9% | 0.6% | -11.6% | -2.3% | -1.5% | -7.0% | 3.0% |
| Risk Measures | |
| Beta: | 0.81 |
| R-Squared: | 71% |
| Standard Deviation: | 9.0% |
| Category Risk Index: | 0.98 |
| Category Risk Rating: | Average |
| Total Risk Index: | 0.74 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 7.3% |
| Total Assets: | $ 37 Mil |
| Share Class Assets: | $ 37 Mil |
| Turnover: | 91.0% |
| Expense Ratio: | 0.75% |
| Index Fund: | Yes |
| Index Tracked: | DJ Global Composite Yield TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 12.0 years | |||
| Average Tenure: 12.0 years | |||
| Managers (Year): Guyer Jonathan (2014), Barrato Joseph (2014) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 155 |
| % in Top 10 Holdings: | 9.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 49.3% |
Portfolio Allocation |
|
| Domestic Stock: | 31.5% |
| Foreign Stock: | 28.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 15.9% |
| Foreign Bond: | 21.1% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | ArrowShares |
| Phone Number: | 877-277-6933 |
| Website: | www.ArrowShares.com |
| Inception Date: | May 8, 2012 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.78% |
