Universal Fixed
Income ETF

As of 12/01/2023
Primary Exchange
Inception Date
Net Assets
Shares Outstanding
Asset Class
Fixed Income
Closing Market Price
Premium Discount
30 Day Median Bid/Ask Spread
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 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 12/01/2023

Market Value % Name Market Price Shares Held Market Value
5.50%B 03/28/24$98.336,000,000$5,899,973.94
2.45%TITIM 5.303 05/30/24$99.122,650,000$2,626,568.44
1.91%OZLM 2019-24A C2$95.312,150,000$2,049,220.04
1.86%US DOLLARS$1.001,993,736$1,993,736.13
1.84%BSP 2017-12A C$98.562,000,000$1,971,266.00
1.83%BASSPR TL B1 1L USD$99.351,977,455$1,964,681.11
1.83%APID 2013-15A DRR$98.002,000,000$1,959,914.00
1.83%SVC 4.65 03/15/24$99.941,960,000$1,958,865.55
1.81%CGMS 2018-2A C$97.042,000,000$1,940,832.40
1.79%STCR 2014-1RA D$95.002,025,000$1,923,735.02
Market Value: 5.50%
Name: B 03/28/24
Market Price: $98.33
Shares Held: 6,000,000
Market Value: $5,899,973.94
Market Value: 2.45%
Name: TITIM 5.303 05/30/24
Market Price: $99.12
Shares Held: 2,650,000
Market Value: $2,626,568.44
Market Value: 1.91%
Name: OZLM 2019-24A C2
Market Price: $95.31
Shares Held: 2,150,000
Market Value: $2,049,220.04
Market Value: 1.86%
Market Price: $1.00
Shares Held: 1,993,736
Market Value: $1,993,736.13
Market Value: 1.84%
Name: BSP 2017-12A C
Market Price: $98.56
Shares Held: 2,000,000
Market Value: $1,971,266.00
Market Value: 1.83%
Market Price: $99.35
Shares Held: 1,977,455
Market Value: $1,964,681.11
Market Value: 1.83%
Name: APID 2013-15A DRR
Market Price: $98.00
Shares Held: 2,000,000
Market Value: $1,959,914.00
Market Value: 1.83%
Name: SVC 4.65 03/15/24
Market Price: $99.94
Shares Held: 1,960,000
Market Value: $1,958,865.55
Market Value: 1.81%
Name: CGMS 2018-2A C
Market Price: $97.04
Shares Held: 2,000,000
Market Value: $1,940,832.40
Market Value: 1.79%
Name: STCR 2014-1RA D
Market Price: $95.00
Shares Held: 2,025,000
Market Value: $1,923,735.02


Advisor Fee Total Expense Ratio
0.75% 1.00%

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.
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.