Affinity World
Leaders Equity ETF

As of 10/21/2021
Ticker
WLDR
Primary Exchange
CBOE BZX EXCHANGE
CUSIP
90214Q105
Inception Date
01/17/2018
Net Assets
$37,511,350.45
Shares Outstanding
1,350,000​
Distribution Rate
-
NAV
$27.79​
Closing Market Price
$27.73​
Premium Discount
$-0.06​
30 Day Median Bid/Ask Spread
0.99%​
FACT SHEET
Investment Overview
Fund Objective
The Affinity World Leaders Equity ETF (“the Fund”) seeks to provide investment results that correspond generally, before fees and expenses, to the performance of the Thomson Reuters StarMine Affinity World Leaders Index (the “TRSAWL Index” or the “Index”).
Investment Strategy
The Fund seeks to passively replicate the TRSAWL Index. The TRSAWL Index consists of equity securities issued and traded in the US as well as international countries. The TRSAWL Index is expected to consist of approximately 150 to 250 stocks in at least 3 countries, but may span more than 20 countries. The Fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities included in the Fund’s benchmark index. The Fund may also invest in American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”) (collectively “Depositary Receipts”) based on the securities in the TRSAWL Index.
Constituents of the TRSAWL Index are characterized by strong global footprint (measured by market capitalization), rank high on measures of earnings quality, demonstrate improving fundamentals (positive earnings revisions on earnings estimates, revenue estimates, price targets, and analyst recommendations), show stock price momentum, and trade at relatively attractive valuations.

Management Team

Investment Partner
Affinity Investment Advisors
Affinity Investment Advisors is a client-centric firm where integrity, transparency, and accountability are integral to the culture of partnership that guides our internal and external interactions. Affinity has been managing active equity portfolios for institutional and private clients since 1992.
Fund Managers
Gregory R. Lai, CFA
Principal, CEO +
Lead Portfolio Manager
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David H. Sugimoto, CFA
Sr. Portfolio Manager
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Gaylord B. Lyman, CFA
Sr. Portfolio Manager
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Iman Movahed
Sr. Portfolio Manager +
Co-Director of Research
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Top Holdings as of 10/21/2021

Market Value % Net Assets % Name Market Price Shares Held Market Value
2.15%2.14%INTERPUBLIC GRP$37.0821,698$804,561.84
2.13%2.13%DISH NETWORK-A$43.8818,207$798,923.16
2.09%2.09%OMNICOM GROUP$72.3910,806$782,246.34
1.89%1.88%TARGET CORP$254.212,779$706,449.59
1.86%1.85%HP INC$30.5722,752$695,528.64
1.82%1.82%DELL TECHN-C$112.986,042$682,625.16
1.72%1.72%SEAGATE TECHNOLO$82.247,842$644,926.08
1.71%1.70%BEST BUY CO INC$117.605,436$639,273.60
1.69%1.69%ARROW ELECTRONIC$120.075,282$634,209.74
1.66%1.66%SYNNEX CORP$105.495,894$621,758.06

Fees

Adviser Fee Total Expense Ratio Total Expense Cap
0.47% 2.90% 0.67%*
*The Fund’s Adviser has contractually agreed to reduce the Fund’s fees and/or absorb expenses of the Fund until at least February 28, 2022 to ensure that the net annual fund operating expenses will not exceed 0.67%.
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.