| EPOL | iShares MSCI Poland ETF | 10.44% |
| EIS | iShares MSCI Israel ETF | 10.18% |
| EWP | iShares MSCI Spain ETF | 10.11% |
| EWI | iShares MSCI Italy ETF | 10.10% |
| EZA | iShares MSCI South Africa ETF | 10.06% |
| EWG | iShares MSCI Germany ETF | 10.05% |
| ENOR | iShares MSCI Norway ETF | 9.98% |
| EWS | iShares MSCI Singapore ETF | 9.96% |
| ECH | iShares MSCI Chile ETF | 9.93% |
| MCHI | iShares MSCI China ETF | 9.82% |
Under normal circumstances, substantially all of the fund's total assets is invested in the component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index selection methodology consists of long positions in the equity markets of foreign countries exhibiting relatively strong momentum characteristics among the foreign universe.
Arrow DWA Tactical: International ETF
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