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                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>SYNCHRONY FINL FXD RT SR NT 3.700% 08/04/26 B/E DTD 08/04/16 CLB CLB 05/04/26 </othIndName>
                    <identifiers>
                      <ticker value="GE4389853"/>
                    </identifiers>
                    <othIndNotAmt>8711433.82000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>1026.39000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>United States Treas Bills 0.000% 05/19/26 B/e Dtd 01/20/26 Pb 0019 97672000 Ex Bkr Jefferies &amp; C Yld   3.653 </othIndName>
                    <identifiers>
                      <ticker value="TSRYS6280580"/>
                    </identifiers>
                    <othIndNotAmt>-200263.65000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>0.00000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>JUN 26 IPE BRENT CRUDE</othIndName>
                    <identifiers>
                      <ticker value="COM6 COMDTY"/>
                    </identifiers>
                    <othIndNotAmt>164617351.62000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>508459.22000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>JUL 26 CMX COPPER</othIndName>
                    <identifiers>
                      <ticker value="HGN6 COMDTY"/>
                    </identifiers>
                    <othIndNotAmt>16615957.30000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-1915.44000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Exelon Corp Sr Nt 2.750% 03/15/27 B/e Dtd 09/15/22 Clb Pb 0443 Tpr018577 Ex Bkr Ramirez &amp; Co Yld   4.069 </othIndName>
                    <identifiers>
                      <ticker value="EXC5508234"/>
                    </identifiers>
                    <othIndNotAmt>7770652.45000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>1312.99000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>JUN 26 HEATING OIL</othIndName>
                    <identifiers>
                      <ticker value="HOM6 COMDTY"/>
                    </identifiers>
                    <othIndNotAmt>204490721.36000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>829002.01000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                </components>
              </indexBasketInfo>
            </descRefInstrmnt>
            <shareNo>19503.20000000</shareNo>
            <exercisePrice>0.00010000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-12-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>41484764.05000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRST AMERICAN FUNDS INC</name>
        <lei>549300J5J5SJCZ9IA369</lei>
        <title>FRST AM-GV OB-X</title>
        <cusip>31846V336</cusip>
        <identifiers>
          <isin value="US31846V3362"/>
        </identifiers>
        <balance>66645882.14000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>66645882.14000000</valUSD>
        <pctVal>25.49714097067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Galaxy Plus Fund LLC Dunn Financial Feeder Fund option</name>
        <lei>N/A</lei>
        <title>Galaxy Plus Fund LLC Dunn Financial Feeder Fund</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="GLPSF1790"/>
        </identifiers>
        <balance>130005.07200000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>92650714.66000000</valUSD>
        <pctVal>35.44597590827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="PRIVATE"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Returns are reported without deducting sales loads and redemption fees, if any." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-05-28</ncom:dateSigned>
      <ncom:nameOfApplicant>Arrow Investments Trust</ncom:nameOfApplicant>
      <ncom:signature>Sam Singh</ncom:signature>
      <ncom:signerName>Sam Singh</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
