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Disclaimer
The indicated rates of return are the total rates of return for the period and unless otherwise indicated do not take into account fees or other charges payable by a shareholder which would have reduced returns. This document is not to be construed as a public offering of securities in any jurisdiction. Securities of the Fund are sold by Offering Memorandum only in jurisdictions where they may be lawfully sold and only to investors who meet certain eligibility or minimum purchase requirements. Share values and investment returns will fluctuate. Past performance is not indicative of future results. Performance is net of all fees in US dollars. In Q-I 2003, the investment strategy of Arrow Voyageur was changed to investing in a broadly diversified portfolio of early-stage or emerging fund managers, which research indicates tend to earn premium returns vis-à-vis larger and older hedge funds. Prior to that, the Fund was known as Arrow Global Multi-Manager Equity Fund.
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