ARMR — Armor US Equity Index ETF
Data updated: 2024-01-23
ARMR — Armor US Equity Index ETF. United States Multi-Cap / All-Cap Blend / Core Equity · $9.56M AUM. Holdings, fees, performance and SEC filings.
ARMR Fund Overview
ARMR — Armor US Equity Index ETF is a US ETF managed by Exchange Listed Funds Trust, categorised as United States Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Exchange Listed Funds Trust
- Category: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $9.56M
- 1-year return: -6.0%
- Ticker: ARMR
- SEC CIK: 0001547950
- SEC series ID: S000067929
- Share class ID: C000217769
ARMR Investment Objective and Strategy
Armor US Equity Index ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Exchange Listed Funds Trust.
Investment objective
The Armor US Equity Index ETF (the Fund) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Armor US Equity Index (the Index).
Principal investment strategy
The Fund will normally invest at least 80% of its total assets in securities of the Index. The Index is designed to provide exposure to the sectors of the U.S. equity markets that the proprietary methodology of Armor Index, Inc., the Funds index provider (the Index Provider), determines are most likely to generate positive returns while managing downside risk, as evaluated on a daily basis. The Index generally is comprised of one or more exchange-traded funds (ETFs), each of which is designed to track the performance of common stocks included in the following sectors of the U.S. equity market: communication services, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, and utilities. Because the Index is comprised of securities issued by other investment companies, the Fund operates in a manner that is commonly referred to as a fund of funds, meaning that it invests its assets in shares of ETFs included in the Index.
The ETFs in which the Fund invests may invest in the securities of companies of any market capitalization. The Index Provider determines whether a particular sector will be represented in the Index on a given day using a rules-based process that compares the sectors daily closing price (as represented by the daily closing price of the ETF chosen by the Index Provider to represent the sector) to an indicator of market performance calculated by the Index Provider using a proprietary methodology. If the ETFs daily closing price is greater than the market performance indicator, the ETF is included, and the sector is thus represented, in the Index. If the closing price is equal to or less than the market performance indicator, then the ETF is not included, and the sector is not represented, in the Index.
Using an automated, quantitative process, the Index Providers proprietary rules-based market performance indicator manages downside risk by evaluating each sector to determine when exposure to a sector should be reduced. If, after comparing each sectors market performance indicator with its daily closing price, the rules-based process determines that no sector should be included in the Index, the methodology considers the inclusion in the Index of an ETF or ETFs that primarily invest in U.S. Treasury obligations (U.S. Treasury ETFs). The Index Provider determines whether a particular U.S. Treasury ETF will be included in the Index using a rules-based process that compares the U.S. Treasury ETFs daily closing price to an indicator of market performance calculated by the Index Provider using a proprietary methodology.
If the ETFs daily closing price is greater than the market performance indicator, the ETF is included in the Index. If the closing price is equal to or less than the market performance indicator, then the ETF is not included in the Index. If the rules-based process results in no U.S. Treasury ETFs being selected for inclusion in the Index, the Index will be assigned a cash allocation. When the Index is allocated to cash, the Fund will invest in cash or cash equivalents, which may include short-term debt securities and money market instruments including money market mutual funds. The Index Provider applies its rule-based process on a daily basis and, if applicable, the Index is reconstituted and rebalanced accordingly. Index components are market capitalization weighted. As of March 1, 2023, the Index comprised 9 components and the weighted average market capitalization of its components was $2.5 billion.
The Fund uses a passive investment strategy designed to track the performance of the Index. Exchange Traded Concepts, LLC, the Funds investment adviser (the Adviser), generally will use a replication methodology, meaning it will invest in all of the securities comprising the Index in proportion to the weightings in the Index. However, the Fund may utilize a sampling methodology under various circumstances, including when it may not be possible or practicable to purchase all of the securities in the Index. The Adviser expects that over time, if the Fund has sufficient assets, the correlation between the Funds performance, before fees and expenses, and that of the Index will be 95% or better. A figure of 100% would indicate perfect correlation. The Fund may invest up to 20% of its assets in investments that are not included in the Index, but that the Adviser believes will help the Fund track the Index.
Although the Fund generally expects to replicate the Index by investing in the ETFs included in the Index, the Fund also may seek to obtain exposure to a particular sector by investing directly in equity securities that provide such exposure. The Fund will concentrate its investments ( i.e. , invest more than 25% of its total assets) in a particular industry or group of industries to approximately the same extent that the Index concentrates in an industry or group of industries. In addition, in replicating the Index, the Fund may from time to time invest a significant portion of its assets in the securities of companies in one or more sectors. Due to the possible daily reconstitution of the Index, the industries in which the Fund may concentrate and the sectors to which the Fund may have significant exposure are subject to change.
The Index Provider is not affiliated with the Fund or the Adviser. The Index Provider developed the methodology for determining the securities to be included in the Index and for the ongoing maintenance of the Index. The Index is calculated and administered by Refinitiv US LLC (Refinitiv), which is not affiliated with the Fund, the Adviser, or the Index Provider.
ARMR Holdings
Top 10 holdings of Armor US Equity Index ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Vanguard Information Technology ETF | 29.22% |
| Vanguard Health Care ETF | 12.69% |
| Vanguard Financials ETF | 12.63% |
| Vanguard Consumer Discretionary ETF | 10.53% |
| Vanguard Communication Services ETF | 8.75% |
| Vanguard Industrials ETF | 8.38% |
| Vanguard Consumer Staple | 6.24% |
| Vanguard Energy ETF | 4.16% |
| Vanguard Materials ETF | 2.47% |
| Vanguard Utilities ETF | 2.42% |
ARMR Portfolio Allocation
Asset-class allocation of Armor US Equity Index ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.8% |
| Cash & Equivalents | 0.2% |
ARMR Performance
Total returns for ARMR (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -6.0% |
| 3 years (annualised) | 0.1% |
ARMR Risk Information
Risk metrics for ARMR, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 19.8%
ARMR Costs and Fees
ARMR costs about $60 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.60%
- Gross expense ratio: 0.60%
- Portfolio turnover: 1648%
- Brokerage commissions: 15.72 bps of average net assets (SEC N-CEN)
ARMR Cashflows
Over the 12 months to 2023-11, Armor US Equity Index ETF had net inflows of $154.06M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-11 | $1.99M |
| 2023-10 | $7.29M |
| 2023-09 | $7.38M |
| 2023-08 | $21.48M |
| 2023-07 | $11.01M |
| 2023-06 | $4.94M |
ARMR Debt Constituents
No individual debt constituents are reported in Armor US Equity Index ETF's latest SEC N-PORT filing.
ARMR Prospectus and SEC Filings
Official Armor US Equity Index ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-03-31
- Prospectus (485BPOS) — filed 2022-03-30
- Prospectus (485BPOS) — filed 2021-03-31
- Portfolio holdings (N-PORT) — filed 2024-01-23
- Portfolio holdings (N-PORT) — filed 2023-10-27
- Portfolio holdings (N-PORT) — filed 2023-07-24
- Annual census (N-CEN) — filed 2023-02-06
- Annual census (N-CEN) — filed 2022-02-02
Related Funds
Other United States Multi-Cap / All-Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.