Anfield
Universal Fixed
Income ETF

As of 09/27/2022
Ticker
AFIF
Primary Exchange
CBOE BZX EXCHANGE
CUSIP
90214Q766
Inception Date
09/18/2018
Net Assets
$117,170,159.27​
Shares Outstanding
13,525,000​
Distribution Rate
-
NAV
$8.66​
Closing Market Price
$8.70
Premium Discount
$0.04​
30 Day Median Bid/Ask Spread
0.23%​
FACT SHEET
Investment Overview
Fund Objective
The Fund seeks current income.
Investment Strategy
The ETF is an absolute return bond strategy seeking to deliver positive returns over full market cycles. Free from traditional fixed income benchmark-specific guidelines, it invests broadly across the global fixed income markets without limitation. The flexible and universal nature of this strategy allows the Portfolio Managers to fully express their outlook. They are able to take greater exposure in areas where they see opportunity, take negative exposure to fundamentally unattractive markets and where there exists heightened downside risk, or avoid certain markets altogether.

Management Team

Investment Partner
Anfield Capital Management
Anfield Capital

Anfield Capital is comprised of a team of investment management executives from top-flight institutions. Our highly experienced team of 12 professionals has nearly 300 years of combined experience with the Anfield principals working together as a team for over 25 years.

Top Holdings as of 09/27/2022

Market Value % Name Market Price Shares Held Market Value
2.68%ISHR 1-5Y INV GR$49.0863,300$3,106,764.00
2.52%INVESCO FUNDAMENTAL HIGH$16.37178,700$2,925,319.00
2.27%SPDR BLOOMBERG H$87.5730,050$2,631,478.50
2.19%ARMK 6 3/8 05/01/25$97.742,595,000$2,536,430.85
2.16%TITIM 5.303 05/30/24$94.682,650,000$2,509,112.75
1.81%US DOLLARS$1.002,093,770$2,093,770.44
1.64%UAL TL B 1L USD$96.161,977,475$1,901,559.66
1.57%OZLM 2019-24A C2$84.522,150,000$1,817,242.35
1.54%VENTR 2013-15A DR2$89.562,000,000$1,791,156.00
1.53%SVC 4.65 03/15/24$90.621,960,000$1,776,220.60
Market Value: 2.68%
Name: ISHR 1-5Y INV GR
Market Price: $49.08
Shares Held: 63,300
Market Value: $3,106,764.00
Market Value: 2.52%
Name: INVESCO FUNDAMENTAL HIGH
Market Price: $16.37
Shares Held: 178,700
Market Value: $2,925,319.00
Market Value: 2.27%
Name: SPDR BLOOMBERG H
Market Price: $87.57
Shares Held: 30,050
Market Value: $2,631,478.50
Market Value: 2.19%
Name: ARMK 6 3/8 05/01/25
Market Price: $97.74
Shares Held: 2,595,000
Market Value: $2,536,430.85
Market Value: 2.16%
Name: TITIM 5.303 05/30/24
Market Price: $94.68
Shares Held: 2,650,000
Market Value: $2,509,112.75
Market Value: 1.81%
Name: US DOLLARS
Market Price: $1.00
Shares Held: 2,093,770
Market Value: $2,093,770.44
Market Value: 1.64%
Name: UAL TL B 1L USD
Market Price: $96.16
Shares Held: 1,977,475
Market Value: $1,901,559.66
Market Value: 1.57%
Name: OZLM 2019-24A C2
Market Price: $84.52
Shares Held: 2,150,000
Market Value: $1,817,242.35
Market Value: 1.54%
Name: VENTR 2013-15A DR2
Market Price: $89.56
Shares Held: 2,000,000
Market Value: $1,791,156.00
Market Value: 1.53%
Name: SVC 4.65 03/15/24
Market Price: $90.62
Shares Held: 1,960,000
Market Value: $1,776,220.60

Fees

Advisor Fee Total Expense Ratio
0.75% 1.01%
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.