Fund Evaluator:
Arrow Managed Futures Strategy C (MFTTX)
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Best Performing in Systematic Trend Over the Last Year
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Fund Details
Arrow Managed Futures Strategy C Overview
Arrow Managed Futures Strategy C (MFTTX) is an actively managed Alternative Systematic Trend fund. Arrow Funds launched the fund in 2010.
The investment seeks long-term capital appreciation and to achieve absolute returns. The fund pursues its investment objective by implementing a fixed income strategy and a managed futures strategy. It executes its managed futures strategy primarily by investing up to 25% of its total assets in a wholly-owned and controlled subsidiary. It executes its fixed income strategy primarily by investing directly or indirectly through other funds in U.S. government securities, short-term, high quality fixed-income securities, money market instruments, overnight and fixed-term repurchase agreements, cash, and other cash equivalents with maturities of one year or less.
About Arrow Managed Futures Strategy C (MFTTX)
There are 2 members of the management team with an average tenure of 12.01 years: Jonathan Guyer (2014), Joseph Barrato (2014). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Credit Suisse Mgd Futures Liquid TR USD index with a weighting of 100%. Arrow Managed Futures Strategy C has 5 securities in its portfolio. The top 10 holdings constitute 100.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Arrow Managed Futures Strategy C is part of the Alternative Strategies global asset class and is within the Alternative fund group. Arrow Managed Futures Strategy C has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 9.1% (9.1% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Arrow Managed Futures Strategy C has 31.9% of the portfolio in cash.
Assets Under Management
The fund has $1 million in total assets, which is below the $260 million average for the Systematic Trend 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.
MFTTX 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 Managed Futures Strategy C expense ratio is high compared to funds in the Systematic Trend category. Arrow Managed Futures Strategy C has an expense ratio of 2.46%, which is 22% higher 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. A portfolio turnover rate cannot be currently calculated for Arrow Managed Futures Strategy C. By way of comparison, the average portfolio turnover is 216% for the Systematic Trend category.
Recently, in the month of July 2026, Arrow Managed Futures Strategy C returned -1.0%, which earned it a grade of D, as the Systematic Trend category had an average return of -0.0%. 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 funds in that category.
Arrow Managed Futures Strategy C has a trailing yield of 0.00%, which is below the 2.63% category average. The fund normally distributes its income 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 Managed Futures Strategy C Grades
Year to date, the fund has returned 8.5%, 1.3 percentage points better than the category, which translates into a grade of B. The fund has returned 32.9% over the past year (grade of A), 0.9% over the past three years (grade of C) and 10.2% per year over the past five years (grade of A) and 3.9% per year over the past 10 years (grade of B).
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MFTTX 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 |
|
| MFTTX Return (NAV) | -1.0% | -3.9% | 32.9% | 0.9% | 10.2% | 3.9% |
| MFTTX Grade | D | F | A | C | A | B |
| +/- Category | -1.0% | -3.1% | 14.9% | -1.9% | 4.9% | 0.8% |
| Systematic Trend Avg | -0.0% | -0.8% | 18.0% | 2.8% | 5.3% | 3.1% |
| MFTTX Tax Cost Ratio | na | na | 0.0% | 1.4% | 3.7% | 3.3% |
MFTTX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MFTTX Return (NAV) | 8.5% | 8.4% | 5.9% | -14.2% | 56.7% | 1.1% | -4.8% | 14.5% | -20.2% | 18.2% | -7.0% |
| MFTTX Grade | B | B | A | F | A | D | F | A | F | A | D |
| +/- Category | 1.3% | 5.3% | 5.5% | -10.4% | 35.1% | -3.7% | -9.9% | 9.2% | -14.9% | 13.7% | -3.5% |
| Systematic Trend Avg | 7.2% | 3.1% | 0.4% | -3.8% | 21.5% | 4.9% | 5.1% | 5.3% | -5.4% | 4.5% | -3.4% |
| Risk Measures | |
| Standard Deviation: | 20.9% |
| Total Risk Index: | 1.70 - High |
| Category Risk Index: | 2.11 - High |
| Category Risk Grade: | F (100% Rank) |
| Beta: | 0.43 |
| R-Squared: | 7% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $214 Mil |
| Fund Total Assets: | $ 1 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 0% |
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 4/30/26)
| # of Holdings: | 5 |
| % in Top 10 Holdings: | 100.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 9.1% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 59.0% |
| Cash: | 31.9% |
Purchase Information
| Fund Family: | Arrow Funds |
| Phone Number: | 877-277-6933 |
| Website: | www.arrowfunds.com |
| Status: | Open |
| Inception Date: | April 29, 2010 |
| Min. Initial Purchase: | $5,000 |
| Min. Initial IRA Purchase: | $2,000 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 1.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 2.46% ( Rating : High ) |
| Category Average Expense Ratio (%): | 2.02% |
| Share Class: | Arrow Managed Futures Strategy A |
| Min. Subsequent Purchase: | $ 250 |
| Min. Subsequent IRA Purchase: | $ 250 |
