VWI — Arch Indices VOI Absolute Income ETF
Data updated: 2024-12-16
VWI — Arch Indices VOI Absolute Income ETF. United States Multi-Cap / All-Cap Blend / Core Equity · $1.94M AUM. Holdings, fees, performance and SEC filings.
VWI Fund Overview
VWI — Arch Indices VOI Absolute Income ETF is a US ETF managed by Advisor Managed Portfolios, 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: Advisor Managed Portfolios
- Category: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $1.94M
- 1-year return: 18.1%
- Ticker: VWI
- SEC CIK: 0001970751
- SEC series ID: S000082063
- Share class ID: C000245328
VWI Investment Objective and Strategy
Arch Indices VOI Absolute Income ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisor Managed Portfolios.
Investment objective
The Arch Indices VOI Absolute Income ETF (the Fund) seeks to track the performance, before fees and expenses, of the Arch Indices VOI Absolute Income Index (the Index).
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in holdings that comprise the Index. The Fund is an exchange-traded fund (ETF) that uses a passive management (or indexing) investment approach to track the performance, before fees and expenses, of the Index. The Index is designed to maximize income while minimizing volatility using a proprietary, rules-based methodology created and maintained by Arch Indices Services Corp. (the Index Provider), the index provider and an affiliate of the Arch Indices Investment Advisors LLC (the Adviser), the ETFs investment adviser. The Index is composed of approximately 60 to 100 U.S. listed equity securities (including American depositary receipts (ADRs)) and approximately 12 fixed income ETFs (including international fixed income ETFs).
The selection of equity securities and fixed income ETFs for inclusion in the Index is made by the Index Provider based on its proprietary methodology. The Index components may change over time as the Index is rebalanced. The Index does not include all eligible securities and ETFs, but instead selects securities and ETFs to create the optimal portfolio. ETFs are selected to provide exposure to the U.S. bond market. The Index, in seeking to gain exposure to the U.S. bond market, does not take into consideration maturity, duration, or credit quality of fixed income ETFs or their underlying positions. In constructing and adjusting the Index, the Index Provider identifies a universe of U.S. listed equity securities, including common stock and equity interests in real estate investment trusts (REITs), that meet the following requirements: ?
Minimum market capitalization of $2 billion; ? Minimum 3-month daily average trading volume of $20 million (last price weighted); ? Minimum history of regular dividends for previous 5 years; and ? Minimum 12-month trailing yield of 3% (absolute yield). Fixed income ETFs are selected based on the previous 12 months of dividends. An annualization measure of the 12 months of dividends is applied to fixed income ETFs to adjust for irregular dividends paid out for a 12-month period. As of September 18, 2023, the Index included the following fixed income ETFs: Vanguard Total Bond Market ETF, Vanguard Total International Bond ETF, Vanguard Intermediate-Term Corporate Bond ETF, Vanguard Tax-Exempt Bond ETF, Vanguard Mortgage-Back Securities ETF, Vanguard Short-Term Inflation-Protected Securities ETF, Vanguard Intermediate-Term Bond ETF, Vanguard Intermediate-Term Treasury ETF, Vanguard Long-Term Treasury ETF, Vanguard Long-Term Bond ETF, iShares Broad USD High Yield Corporate Bond ETF, and Janus Henderson AAA CLO ETF.
The investable universe has over 450 individual securities. The majority of these securities have a very small weighting (under 0.10%) when the Index rebalances. These small weightings have little impact on the performance of the Index and the Index eliminates these small-weighted securities by applying a minimum weighting threshold to the initial Index rebalance. The remaining positions are weighted in the Index proportionally. The Index Provider then uses a process called variance optimized indexing (VOI), which aims to determine the optimal weight to be allocated to each of the Indexs components. VOI is a methodology to weight assets such that the portfolio maximizes its goal of income while minimizing expected volatility. The VOI process is applied separately with respect to the equity securities and the fixed income ETFs.
The Index calculates the volatility of every portfolio combination based on how volatile each component has been and how the components have moved relative to each other. Based on the trade-off between risk and return, the Index selects the combination of assets that has the highest income potential with the lowest volatility. The Index rebalances quarterly on the second Thursday of February, May, August, and November. If that Thursday is a holiday, the following business day will be the rebalance date. The Index will calculate the rebalance weightings (the weighting of each Index position after identifying the component securities of the Index) five business days before the rebalance date. When rebalancing, the Index takes into account any new equities to be added and then uses VOI to calculate the optimal weight of each security.
In calculating the optimal weight of each security, the Index will attempt to maximize income while minimizing volatility. Fixed income ETFs may be removed from the Index at the time of rebalancing. The Fund generally uses a replication strategy to achieve its investment objective, meaning it will invest in all of the component securities of the Index in the same approximate proportion as the Index, but may, when the Funds portfolio managers believe it is in the best interests of the Fund, use a representative sampling strategy, meaning it may invest in a sample of the securities in the Index whose risk, return and other characteristics closely resemble the risk, return and other characteristics of the Index as a whole (e.g., when replicating the Index involves practical difficulties or substantial costs, in instances in which an Index constituent becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations that apply to the Fund but not to the Index).
To the extent the Index concentrates (i.e., holds more than 25% of its total assets) in the securities of a particular industry or group of related industries, the Fund will concentrate its investments to approximately the same extent as the Index. In addition, to the extent the Index is significantly focused in a particular sector, the Fund will be invested to approximately the same extent. As of September 18, 2023, the Index had significant exposure to the consumer staples sector. The degree to which components of the Index represent certain sectors or industries may change over time.
VWI Holdings
Top 10 holdings of Arch Indices VOI Absolute Income ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Janus Henderson AAA CLO ETF | 28.04% |
| Blue Owl Capital Corp | 5.82% |
| Ares Capital Corp | 3.81% |
| iShares Broad USD High Yield C | 3.17% |
| Pimco Dynamic Income Fund | 1.99% |
| BCE Inc | 1.79% |
| Blackstone Secured Lending Fun | 1.77% |
| CME Group Inc | 1.60% |
| Vanguard Intermediate-Term Cor | 1.54% |
| Vanguard Total Bond Market ETF | 1.53% |
VWI Portfolio Allocation
Asset-class allocation of Arch Indices VOI Absolute Income ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.5% |
| Cash & Equivalents | 0.1% |
VWI Performance
Total returns for VWI (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 18.1% |
VWI Risk Information
Risk metrics for VWI, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.2%
VWI Costs and Fees
VWI costs about $52 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.52%
- Gross expense ratio: 0.62%
- Brokerage commissions: 8.56 bps of average net assets (SEC N-CEN)
VWI Cashflows
Over the 12 months to 2024-09, Arch Indices VOI Absolute Income ETF had net inflows of $2.30M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-09 | $0 |
| 2024-08 | −$269.20K |
| 2024-07 | $0 |
| 2024-06 | $0 |
| 2024-05 | −$2.60K |
| 2024-04 | $0 |
VWI Debt Constituents
No individual debt constituents are reported in Arch Indices VOI Absolute Income ETF's latest SEC N-PORT filing.
VWI Prospectus and SEC Filings
Official Arch Indices VOI Absolute Income ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
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.