Regents Park
Hedged Market
Strategy ETF

As of 11/30/2022
Ticker
RPHS
Primary Exchange
CBOE BZX EXCHANGE
CUSIP
90214Q642
Inception Date
03/31/2022
Net Assets
$152,455,477.41​
Shares Outstanding
17,450,000​
Distribution Rate
-
NAV
$8.74​
Closing Market Price
$8.66
Premium Discount
$-0.08​
30 Day Median Bid/Ask Spread
0.69%​
FACT SHEET
Investment Overview
Fund Objective

The investment objective of the Fund is to seek to provide capital appreciation through exposure to the U.S. Large Cap equity market while hedging overall market risk. There is no guarantee that the Fund will achieve its investment objective.

Investment Strategy

The Fund is an actively-managed exchange-traded fund that seeks to achieve its investment objective by investing in equity securities represented in, or instruments related or linked to, the S&P 500 Price Index. In doing so, the Fund may invest in various types of U.S. broad equity market linked derivates such as: long and short positions in futures, options, swaps, and standardized call and put options contracts on the S&P 500 Index. The Fund also structures its investments with a view towards hedging the Fund’s portfolio in an effort to mitigate against losses incurred during market declines.

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 11/30/2022

Market Value % Name Market Price Shares Held Market Value
37.03%B 02/02/23$99.3060,450,000$60,024,840.04
6.35%S&P500 EMINI FUT Mar23$4,115.2550$10,288,125.00
2.96%US DOLLAR FUTURE$1.004,799,932$4,799,931.87
2.10%SPX US 02/17/23 C4000$226.80150$3,402,000.00
1.01%DT 2.485 09/19/23$98.001,672,000$1,638,485.58
0.92%NOC 3 1/4 08/01/23$98.911,500,000$1,483,591.92
0.91%CCI 3.15 07/15/23$98.861,500,000$1,482,876.98
0.91%AXP 3.4 02/22/24$98.381,500,000$1,475,633.33
0.84%CAG 0 1/2 08/11/23$96.801,415,000$1,369,667.25
0.78%VMW 0.6 08/15/23$96.861,300,000$1,259,124.80
Market Value: 37.03%
Name: B 02/02/23
Market Price: $99.30
Shares Held: 60,450,000
Market Value: $60,024,840.04
Market Value: 6.35%
Name: S&P500 EMINI FUT Mar23
Market Price: $4,115.25
Shares Held: 50
Market Value: $10,288,125.00
Market Value: 2.96%
Name: US DOLLAR FUTURE
Market Price: $1.00
Shares Held: 4,799,932
Market Value: $4,799,931.87
Market Value: 2.10%
Name: SPX US 02/17/23 C4000
Market Price: $226.80
Shares Held: 150
Market Value: $3,402,000.00
Market Value: 1.01%
Name: DT 2.485 09/19/23
Market Price: $98.00
Shares Held: 1,672,000
Market Value: $1,638,485.58
Market Value: 0.92%
Name: NOC 3 1/4 08/01/23
Market Price: $98.91
Shares Held: 1,500,000
Market Value: $1,483,591.92
Market Value: 0.91%
Name: CCI 3.15 07/15/23
Market Price: $98.86
Shares Held: 1,500,000
Market Value: $1,482,876.98
Market Value: 0.91%
Name: AXP 3.4 02/22/24
Market Price: $98.38
Shares Held: 1,500,000
Market Value: $1,475,633.33
Market Value: 0.84%
Name: CAG 0 1/2 08/11/23
Market Price: $96.80
Shares Held: 1,415,000
Market Value: $1,369,667.25
Market Value: 0.78%
Name: VMW 0.6 08/15/23
Market Price: $96.86
Shares Held: 1,300,000
Market Value: $1,259,124.80

Fees

Advisor Fee Total Expense Ratio
0.75% 0.75%
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.
9435-NLD-10272022