Anfield Dynamic
Fixed Income ETF

As of 02/26/2024
Ticker
ADFI
Primary Exchange
CBOE BZX EXCHANGE
CUSIP
90214Q725
Inception Date
08/18/2020
Net Assets
$24,315,723.69​
Shares Outstanding
2,875,000​
Asset Class
Fixed Income
NAV
$8.46​
Closing Market Price
$8.49
Premium Discount
$0.03​
30 Day Median Bid/Ask Spread
0.35%​
FACT SHEET
Investment Overview
Fund Objective
The Dynamic Fixed Income ETF seeks to provide total return with capital preservation as a secondary objective.
Investment Strategy
The Fund is an actively managed exchange traded fund (“ETF”) that is a “Fund of funds.” The Fund seeks to achieve its objective by investing in any facet of the global debt markets. This includes corporate bonds, U.S. government and agency securities, private debt, foreign sovereign bonds, convertible securities, bank loans, asset-backed securities, mortgage-backed securities, and cash equivalent instruments. The Fund is not managed relative to an index and has broad flexibility to allocate its assets across different types of securities and sectors of the fixed income markets. The Fund’s strategy seeks to outperform traditional core fixed income indices and styles over full market cycles by investing dynamically.

Management Team

Investment Partner

Anfield Capital Management

Anfield Capital is comprised of a team of investment management executives from top-flight institutions. Our highly experienced team of 11 professionals has nearly 250 years of combined experience with the Anfield principals working together as a team for over 25 years.

Top Holdings as of 02/26/2024

Market Value % Name Market Price Shares Held Market Value
22.26%ISHARES US TREAS$22.58239,660$5,411,522.80
19.91%INVESCO FUNDAMEN$17.95269,694$4,841,007.30
18.09%ISHARES MBS ETF$91.6048,012$4,397,899.20
17.72%ISHARES IBOXX IN$107.7239,987$4,307,399.64
11.50%JAN HEND AAA CLO$50.6555,219$2,796,842.35
6.43%SPDR BLOOMBERG H$94.4116,561$1,563,524.01
3.27%ISHARES CONVT BD$77.5610,256$795,455.36
0.74%US DOLLARS$1.00178,721$178,720.50
0.21%US DOLLAR FUTURE$1.0050,000$50,000.00
0.11%FT-SENIOR LOAN$46.10596$27,475.60
Market Value: 22.26%
Name: ISHARES US TREAS
Market Price: $22.58
Shares Held: 239,660
Market Value: $5,411,522.80
Market Value: 19.91%
Name: INVESCO FUNDAMEN
Market Price: $17.95
Shares Held: 269,694
Market Value: $4,841,007.30
Market Value: 18.09%
Name: ISHARES MBS ETF
Market Price: $91.60
Shares Held: 48,012
Market Value: $4,397,899.20
Market Value: 17.72%
Name: ISHARES IBOXX IN
Market Price: $107.72
Shares Held: 39,987
Market Value: $4,307,399.64
Market Value: 11.50%
Name: JAN HEND AAA CLO
Market Price: $50.65
Shares Held: 55,219
Market Value: $2,796,842.35
Market Value: 6.43%
Name: SPDR BLOOMBERG H
Market Price: $94.41
Shares Held: 16,561
Market Value: $1,563,524.01
Market Value: 3.27%
Name: ISHARES CONVT BD
Market Price: $77.56
Shares Held: 10,256
Market Value: $795,455.36
Market Value: 0.74%
Name: US DOLLARS
Market Price: $1.00
Shares Held: 178,721
Market Value: $178,720.50
Market Value: 0.21%
Name: US DOLLAR FUTURE
Market Price: $1.00
Shares Held: 50,000
Market Value: $50,000.00
Market Value: 0.11%
Name: FT-SENIOR LOAN
Market Price: $46.10
Shares Held: 596
Market Value: $27,475.60

Fees

Adviser Fee Total Expense Ratio Total Expense Cap
0.80% 2.08% 1.50%*
*The Fund’s Adviser has contractually agreed to reduce the Fund’s fees and/or absorb expenses of the Fund until at least November 30, 2024 to ensure that the net annual fund operating expenses will not exceed 1.50%.
Documents
The median bid-ask spread is calculated by identifying the national best bid and national best offer (“NBBO”) for each fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.
Investors should carefully consider the investment objective, risks, charges and expenses of ETF Funds. This and other information is contained in the prospectus and should be read carefully before investing. For a prospectus please call 866-866-4848 or visit our website at regentsparkfunds. com. Regents Park Funds are distributed by Northern LightsDistributors, LLC, member FINRA/SIPC. Northern Lights Distributors, LLC and Regents Park Funds, LLC are not affiliated.
DISCLOSURE:
IMPORTANT RISK FACTORS
New funds provide a limited history of operations for investors to evaluate. As with all funds, there is a risk that you could lose money through your investment in these Funds. Many factors affect the Fund’s net asset value and performance. There is no guarantee that the investment will achieve its objectives, generate profits or avoid losses. The use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. Investing in commodities or futures markets may subject the Fund to greater volatility than investments in traditional securities. These risks include (i) leverage risk (ii) risk of mispricing or improper valuation; and (iii) the risk that changes in the value of the futures contract may not correlate perfectly with the underlying index. There are risks associated with the sale and purchase of call and put options through the Fund’s underlying investments. The use of derivative instruments could lead to potentially greater gains, as well as the potential for greater losses than a fund that does not use derivatives.