Arrow Investment Advisors

Arrow Investment Advisors as of Dec. 31, 2010

Portfolio Holdings for Arrow Investment Advisors

Arrow Investment Advisors holds 126 positions in its portfolio as reported in the December 2010 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Enterprise Products Partners (EPD) 5.3 $60M 1.4M 41.61
Kinder Morgan Energy Partners 5.1 $58M 823k 70.26
PowerShares DB Gold Fund 4.0 $45M 904k 50.16
Energy Transfer Partners 4.0 $45M 860k 51.82
Magellan Midstream Partners 3.9 $44M 783k 56.50
Vanguard Short-Term Bond ETF (BSV) 3.9 $44M 540k 80.46
iShares Lehman 7-10 Yr Treas. Bond (IEF) 3.8 $43M 459k 93.82
Plains All American Pipeline (PAA) 3.8 $43M 677k 62.79
Enbridge Energy Partners 3.6 $41M 657k 62.38
Vanguard Mid-Cap Growth ETF (VOT) 3.5 $39M 632k 62.30
Vanguard Small-Cap Value ETF (VBR) 3.4 $38M 575k 66.86
iShares Cohen & Steers Realty Maj. (ICF) 3.0 $34M 516k 65.72
NuStar Energy 2.7 $30M 433k 69.48
Oneok Partners 2.6 $30M 374k 79.50
Buckeye Partners 2.6 $30M 442k 66.83
MarkWest Energy Partners 2.5 $28M 640k 43.31
Williams Partners 2.4 $27M 584k 46.65
Regency Energy Partners 2.4 $27M 995k 27.26
El Paso Pipeline Partners 2.2 $25M 736k 33.45
Copano Energy 1.7 $19M 573k 33.75
Targa Resources Partners 1.7 $19M 564k 33.96
Boardwalk Pipeline Partners 1.6 $18M 581k 31.13
Sunoco Logistics Partners 1.5 $17M 207k 83.59
iShares MSCI Mexico Inv. Mt. Idx. (EWW) 1.4 $16M 256k 61.92
iShares MSCI South Africa Index (EZA) 1.4 $15M 206k 74.68
iShares MSCI Malaysia Index Fund 1.3 $15M 1.0M 14.38
iShares MSCI Singapore Index Fund 1.3 $14M 1.0M 13.85
iShares MSCI Hong Kong Index Fund (EWH) 1.2 $14M 728k 18.91
TC Pipelines 1.2 $13M 257k 52.00
iShares Dow Jones US Basic Mater. (IYM) 1.2 $13M 169k 77.46
PowerShares DB Silver Fund 1.1 $13M 237k 54.51
iShares Dow Jones US Industrial (IYJ) 1.1 $13M 195k 65.40
iShares Dow Jones US Tele (IYZ) 1.1 $12M 531k 23.37
WisdomTree Emerging Markets Eq (DEM) 0.9 $11M 179k 59.69
Consumer Discretionary SPDR (XLY) 0.9 $11M 281k 37.41
First Trust Value Line 100 Fund 0.9 $11M 778k 13.52
iShares MSCI Pacific ex-Japan Idx (EPP) 0.9 $10M 218k 46.98
Western Gas Partners 0.9 $10M 335k 30.30
iShares S&P Latin America 40 Index (ILF) 0.8 $9.5M 177k 53.86
Dcp Midstream Partners 0.8 $9.3M 249k 37.40
iShares MSCI Emerging Markets Indx (EEM) 0.8 $8.9M 186k 47.62
Genesis Energy (GEL) 0.7 $8.3M 313k 26.40
Spectra Energy Partners 0.7 $7.8M 236k 32.85
Duncan Energy Partners (DEP) 0.6 $6.8M 212k 32.09
Exxon Mobil Corporation (XOM) 0.6 $6.2M 85k 73.12
Holly Energy Partners 0.6 $6.2M 123k 50.91
Powershares Active Mng Etf T equity 0.6 $6.3M 223k 28.04
Monsanto Company 0.5 $5.7M 82k 69.63
Deere & Company (DE) 0.5 $5.4M 65k 83.06
PowerShares QQQ Trust, Series 1 0.4 $4.8M 87k 54.47
iShares Gold Trust 0.4 $4.3M 307k 13.90
PowerShares DB Precious Metals 0.3 $3.3M 65k 51.82
Calumet Specialty Products Partners, L.P 0.3 $3.1M 147k 21.30
Archer Daniels Midland Company (ADM) 0.3 $3.0M 101k 30.09
Chevron Corporation (CVX) 0.3 $3.1M 34k 91.26
Mosaic Company 0.2 $2.1M 27k 76.38
Barclays Bank Plc etn djubs pmet38 (JJPFF) 0.2 $2.2M 27k 81.62
ConocoPhillips (COP) 0.1 $1.7M 25k 68.12
CF Industries Holdings (CF) 0.1 $1.7M 13k 135.22
SPDR DB Int'l Govt Infl Pro Bond (WIP) 0.1 $1.6M 27k 58.11
Occidental Petroleum Corporation (OXY) 0.1 $1.3M 14k 98.08
Freeport-McMoRan Copper & Gold (FCX) 0.1 $1.2M 10k 120.06
iShares Silver Trust (SLV) 0.1 $1.2M 40k 30.18
Newmont Mining Corporation (NEM) 0.1 $1.1M 18k 61.41
Brigham Exploration Company 0.1 $813k 30k 27.22
iShares iBoxx $ High Yid Corp Bond (HYG) 0.1 $804k 8.9k 90.34
Apache Corporation 0.1 $731k 6.1k 119.15
Anadarko Petroleum Corporation 0.1 $635k 8.3k 76.15
Halliburton Company (HAL) 0.1 $625k 15k 40.84
SandRidge Energy 0.1 $674k 92k 7.33
Devon Energy Corporation (DVN) 0.1 $571k 7.3k 78.56
Corn Products International 0.1 $617k 13k 45.97
National-Oilwell Var 0.0 $475k 7.1k 67.27
Alcoa 0.0 $430k 28k 15.38
Baker Hughes Incorporated 0.0 $415k 7.3k 57.19
Quicksilver Resources 0.0 $443k 30k 14.75
Marathon Oil Corporation (MRO) 0.0 $442k 12k 37.00
Bill Barrett Corporation 0.0 $488k 12k 41.16
Berry Petroleum Company 0.0 $503k 12k 43.67
Rosetta Resources 0.0 $507k 14k 37.66
McMoRan Exploration 0.0 $465k 27k 17.14
Swift Energy Company 0.0 $416k 11k 39.11
iShares Barclays TIPS Bond Fund (TIP) 0.0 $430k 4.0k 107.50
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 0.0 $505k 4.7k 107.17
PowerShares Emerging Markets Sovere 0.0 $443k 17k 26.65
Peabody Energy Corporation 0.0 $290k 4.5k 63.92
Nucor Corporation (NUE) 0.0 $379k 8.6k 43.87
Hess (HES) 0.0 $377k 4.9k 76.61
EOG Resources (EOG) 0.0 $391k 4.3k 91.46
Chesapeake Energy Corporation 0.0 $285k 11k 25.90
Cliffs Natural Resources 0.0 $289k 3.7k 77.96
Comstock Resources 0.0 $297k 12k 24.57
Carrizo Oil & Gas 0.0 $308k 8.9k 34.52
Northern Oil & Gas 0.0 $293k 11k 27.20
Intrepid Potash 0.0 $293k 7.9k 37.25
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.0 $347k 3.5k 99.14
Noble Energy 0.0 $254k 2.9k 86.19
Valero Energy Corporation (VLO) 0.0 $220k 9.5k 23.09
AGCO Corporation (AGCO) 0.0 $181k 17k 10.96
Williams Companies (WMB) 0.0 $243k 9.8k 24.70
Petroleum Development Corporation 0.0 $253k 6.0k 42.29
Southwestern Energy Company 0.0 $218k 5.8k 37.36
ATP Oil & Gas Corporation 0.0 $171k 10k 16.74
Stone Energy Corporation 0.0 $276k 12k 22.26
United States Steel Corporation 0.0 $229k 3.9k 58.27
Southern Copper Corporation (SCCO) 0.0 $226k 4.7k 48.59
Cameron International Corporation 0.0 $207k 4.1k 50.71
SPDR Barclays Capital High Yield B 0.0 $199k 5.0k 39.80
Diamond Offshore Drilling 0.0 $78k 1.2k 66.67
AirTran Holdings 0.0 $123k 17k 7.37
Fushi Copperweld 0.0 $107k 12k 8.84
PetroQuest Energy 0.0 $107k 14k 7.53
VAALCO Energy (EGY) 0.0 $103k 14k 7.14
BMP Sunstone (BJGP) 0.0 $122k 12k 9.92
Houston American Energy Corporation 0.0 $83k 4.6k 18.04
Harvest Natural Resources 0.0 $105k 8.6k 12.14
BPZ Resources 0.0 $119k 25k 4.74
L-1 Identity Solutions 0.0 $124k 10k 11.92
Abraxas Petroleum 0.0 $89k 20k 4.56
Warren Resources 0.0 $82k 18k 4.51
Wilber Corporation 0.0 $133k 13k 10.13
Magnum Hunter Resources Corporation 0.0 $101k 14k 7.19
Playboy Enterprises (PLA) 0.0 $57k 11k 5.23
Hyperdynamics Corp 0.0 $144k 29k 4.95
Delta Petroleum (DPTR) 0.0 $37k 48k 0.77
CAMAC Energy 0.0 $22k 11k 1.97