Anfield Universal Fixed Income ETF

AFIF is a Global Bonds ETF. The Fund is an actively managed exchange traded fund ( ETF ) that normally invests at least 80% of its net assets, including any borrowings for investment purposes, in a diversified portfolio of fixed income 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 principal investments of the Fund include corporate bonds, U.S. government and agency securities, master-limited partners ( MLPs ) (tied to energy-related commodities), private debt, foreign sovereign bonds, convertible securities, bank loans, asset-backed securities, mortgage-backed securities, and cash equivalent instruments. To a lesser extent, the Fund may invest in dividend-paying common stocks. The Fund may also invest in various types of derivatives, including futures, options, credit default swaps, total return swaps and repurchase agreements. The Fund may use derivatives as a substitute for making direct investments in underlying instruments, to reduce certain exposures or to hedge against market volatility and other risks. The Fund may also invest in other investment companies, including other exchange-traded funds. The Fund may invest in fixed income instruments with fixed or adjustable (floating) rates. The Fund does not seek to maintain any particular weighted average maturity or duration, and may invest in fixed income instruments of any maturity or duration. The Fund may invest in both investment grade and below investment grade (often referred to as high yield or junk bonds) securities, subject to a maximum of up to 50% of the Fund s assets in below investment grade securities. The Fund will typically invest a substantial portion of the Fund s investments in securities of issuers with a range of credit ratings that have stable or improving fundamentals. Securities of these issuers include secured bank loans and below investment grade bonds. The Fund may invest without limit in U.S. and non-U.S. dollar-denominated securities of U.S. and foreign issuers, including investing up to 20% of its net assets in issuers located in emerging market countries.

Yes, AFIF is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, AFIF is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on AFIF is 0.0055%. This is the percent change in the value of AFIF over the most recent 1-month period. The 3-month return on AFIF is 0.0251%. This is the percent change in the value of AFIF over the most recent 3-month period.

The standard deviation of AFIF for the past year is 0.057%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to AFIF include GVI, BLV, and BSV.

ETFs correlated to AFIF include IGSB, IBDR, and SCHJ.

ETFs that are inversely correlated to AFIF include TBX, PST, and SJB.