Arrow Investment Advisors

Arrow Investment Advisors as of March 31, 2011

Portfolio Holdings for Arrow Investment Advisors

Arrow Investment Advisors holds 143 positions in its portfolio as reported in the March 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Enterprise Products Partners (EPD) 6.0 $93M 2.2M 43.06
Kinder Morgan Energy Partners 5.9 $91M 1.2M 74.09
Magellan Midstream Partners 4.4 $68M 1.1M 59.86
Plains All American Pipeline (PAA) 4.3 $67M 1.0M 63.73
Energy Transfer Partners 4.2 $64M 1.2M 51.76
Enbridge Energy Partners 4.0 $62M 956k 64.62
Vanguard Small-Cap Value ETF (VBR) 4.0 $62M 864k 71.45
Vanguard Short-Term Bond ETF (BSV) 3.1 $48M 595k 80.16
Vanguard Mid-Cap Growth ETF (VOT) 3.1 $48M 702k 67.71
iShares Lehman 7-10 Yr Treas. Bond (IEF) 3.1 $47M 508k 93.01
Williams Partners 3.0 $46M 893k 51.80
Oneok Partners 3.0 $46M 556k 82.35
Buckeye Partners 2.9 $45M 701k 63.54
MarkWest Energy Partners 2.9 $45M 920k 48.47
NuStar Energy 2.8 $44M 645k 67.89
Regency Energy Partners 2.4 $37M 1.4M 27.31
PowerShares DB Gold Fund 2.3 $36M 710k 50.47
iShares Cohen & Steers Realty Maj. (ICF) 2.3 $36M 507k 70.16
Targa Resources Partners 2.0 $31M 887k 34.68
Copano Energy 1.8 $28M 779k 35.60
Boardwalk Pipeline Partners 1.7 $26M 797k 32.66
Sunoco Logistics Partners 1.6 $25M 283k 86.78
PowerShares DB Silver Fund 1.5 $23M 345k 66.15
Western Gas Partners 1.2 $19M 529k 34.93
TC Pipelines 1.2 $19M 355k 52.01
First Trust Value Line 100 Fund 1.1 $17M 1.1M 14.84
Energy Select Sector SPDR (XLE) 1.1 $17M 209k 79.81
Dcp Midstream Partners 1.0 $16M 392k 40.50
Consumer Discretionary SPDR (XLY) 1.0 $16M 408k 39.01
Vanguard Small-Cap Growth ETF (VBK) 1.0 $16M 185k 86.30
iShares Dow Jones US Basic Mater. (IYM) 1.0 $15M 183k 81.76
iShares Dow Jones US Industrial (IYJ) 0.9 $15M 207k 71.06
iShares Dow Jones US Technology (IYW) 0.9 $14M 212k 66.54
iShares MSCI South Korea Index Fund (EWY) 0.9 $14M 217k 64.35
iShares MSCI Mexico Inv. Mt. Idx. (EWW) 0.9 $14M 220k 62.85
Industrial SPDR (XLI) 0.9 $14M 358k 37.68
iShares MSCI Malaysia Index Fund 0.9 $14M 911k 14.77
iShares MSCI Sweden Index (EWD) 0.9 $13M 407k 32.79
Genesis Energy (GEL) 0.8 $13M 447k 28.31
Market Vector Russia ETF Trust 0.8 $13M 300k 41.62
Duncan Energy Partners (DEP) 0.8 $12M 288k 40.50
Spectra Energy Partners 0.7 $11M 343k 32.87
Holly Energy Partners 0.7 $10M 178k 58.00
PowerShares QQQ Trust, Series 1 0.7 $10M 178k 57.43
PowerShares DB Agriculture Fund 0.6 $8.9M 260k 34.24
PowerShares DB Com Indx Trckng Fund 0.6 $8.8M 289k 30.51
Exxon Mobil Corporation (XOM) 0.6 $8.6M 103k 84.13
Chesapeake Midstream Partners 0.6 $8.5M 296k 28.83
Deere & Company (DE) 0.5 $8.0M 83k 96.89
Monsanto Company 0.5 $7.6M 106k 72.26
Powershares Active Mng Etf T equity 0.4 $6.6M 223k 29.61
Ipath Dow Jones-aig Commodity (DJP) 0.4 $6.4M 125k 51.35
Barclays Bk Plc Ipath Dow Jones Aig etf (JJATF) 0.4 $6.5M 100k 65.62
Archer Daniels Midland Company (ADM) 0.3 $4.6M 129k 36.01
Chevron Corporation (CVX) 0.3 $4.5M 42k 107.42
Mosaic Company 0.2 $2.8M 35k 78.75
ConocoPhillips (COP) 0.1 $2.4M 30k 79.85
CF Industries Holdings (CF) 0.1 $2.2M 16k 136.82
Occidental Petroleum Corporation (OXY) 0.1 $1.8M 17k 104.51
Freeport-McMoRan Copper & Gold (FCX) 0.1 $1.7M 30k 55.55
SPDR DB Int'l Govt Infl Pro Bond (WIP) 0.1 $1.6M 27k 60.44
Newmont Mining Corporation (NEM) 0.1 $1.4M 26k 54.58
AGCO Corporation (AGCO) 0.1 $1.2M 22k 54.93
Rosetta Resources 0.1 $1.3M 27k 47.54
Apache Corporation 0.1 $1.0M 7.9k 130.86
Berry Petroleum Company 0.1 $1.1M 22k 50.45
Halliburton Company (HAL) 0.1 $942k 19k 49.87
Corn Products International 0.1 $937k 18k 51.81
Bill Barrett Corporation 0.1 $940k 24k 39.92
McMoRan Exploration 0.1 $958k 54k 17.71
Swift Energy Company 0.1 $902k 21k 42.70
Devon Energy Corporation (DVN) 0.1 $810k 8.8k 91.72
Alcoa 0.1 $709k 40k 17.67
Anadarko Petroleum Corporation 0.1 $841k 10k 81.94
Quicksilver Resources 0.1 $845k 59k 14.31
Marathon Oil Corporation (MRO) 0.1 $783k 15k 53.30
Comstock Resources 0.1 $695k 23k 30.95
Carrizo Oil & Gas 0.1 $713k 19k 36.93
Northern Oil & Gas 0.1 $717k 27k 26.68
Stone Energy Corporation 0.1 $822k 25k 33.39
iShares iBoxx $ High Yid Corp Bond (HYG) 0.1 $818k 8.9k 91.91
Nucor Corporation (NUE) 0.0 $549k 12k 46.02
National-Oilwell Var 0.0 $690k 8.7k 79.23
Baker Hughes Incorporated 0.0 $660k 9.0k 73.48
EOG Resources (EOG) 0.0 $686k 5.8k 118.58
Petroleum Development Corporation 0.0 $566k 12k 48.02
Gulfport Energy Corporation 0.0 $575k 16k 36.12
Peabody Energy Corporation 0.0 $403k 5.6k 72.00
Hess (HES) 0.0 $530k 6.2k 85.26
Penn Virginia Corporation 0.0 $388k 23k 16.94
Chesapeake Energy Corporation 0.0 $456k 14k 33.52
Contango Oil & Gas Company 0.0 $408k 6.5k 63.23
W&T Offshore (WTI) 0.0 $401k 18k 22.81
Cliffs Natural Resources 0.0 $502k 5.1k 98.10
Vanguard Natural Resources 0.0 $391k 12k 31.81
iShares Barclays TIPS Bond Fund (TIP) 0.0 $436k 4.0k 109.00
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 0.0 $502k 4.7k 106.54
PowerShares Emerging Markets Sovere 0.0 $439k 17k 26.41
Noble Energy 0.0 $351k 3.6k 96.53
Valero Energy Corporation (VLO) 0.0 $351k 12k 29.83
Williams Companies (WMB) 0.0 $378k 12k 31.18
Southwestern Energy Company 0.0 $309k 7.2k 42.96
CONSOL Energy 0.0 $251k 4.7k 53.63
ATP Oil & Gas Corporation 0.0 $363k 20k 18.09
PetroQuest Energy 0.0 $262k 28k 9.38
Clayton Williams Energy 0.0 $316k 3.0k 105.65
Harvest Natural Resources 0.0 $259k 17k 15.24
BPZ Resources 0.0 $262k 49k 5.31
United States Steel Corporation 0.0 $293k 5.4k 53.96
Goodrich Petroleum Corporation 0.0 $273k 12k 22.19
Southern Copper Corporation (SCCO) 0.0 $258k 6.4k 40.19
Abraxas Petroleum 0.0 $269k 46k 5.85
Allegheny Technologies Incorporated (ATI) 0.0 $252k 3.7k 67.60
Cameron International Corporation 0.0 $289k 5.1k 57.09
GeoResources 0.0 $303k 9.7k 31.29
Approach Resources 0.0 $358k 11k 33.59
Energy Partners 0.0 $327k 18k 18.00
Intrepid Potash 0.0 $367k 11k 34.89
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.0 $348k 3.5k 99.43
Magnum Hunter Resources Corporation 0.0 $269k 31k 8.58
Hyperdynamics Corp 0.0 $254k 55k 4.61
EXCO Resources 0.0 $130k 6.3k 20.63
AirTran Holdings 0.0 $124k 17k 7.43
GMX Resources 0.0 $155k 25k 6.19
Fushi Copperweld 0.0 $97k 12k 8.02
VAALCO Energy (EGY) 0.0 $220k 28k 7.75
Hecla Mining Company (HL) 0.0 $135k 15k 9.08
Houston American Energy Corporation 0.0 $139k 9.0k 15.36
Rex Energy Corporation 0.0 $192k 17k 11.66
Coeur d'Alene Mines Corporation (CDE) 0.0 $166k 4.8k 34.81
Delta Petroleum (DPTR) 0.0 $86k 95k 0.91
L-1 Identity Solutions 0.0 $123k 10k 11.83
Callon Pete Co Del Com Stk 0.0 $148k 19k 7.75
FX Energy 0.0 $216k 26k 8.36
Novell 0.0 $123k 21k 5.94
Veno 0.0 $199k 12k 17.10
Warren Resources 0.0 $182k 36k 5.08
Toreador Resources Corporation 0.0 $124k 12k 10.74
Wilber Corporation 0.0 $125k 13k 9.52
Endeavour International C 0.0 $133k 11k 12.67
SPDR Barclays Capital High Yield B 0.0 $202k 5.0k 40.40
NaviSite 0.0 $107k 20k 5.49
CAMAC Energy 0.0 $33k 22k 1.52