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Trending ETFs

Name

As of 05/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.10

$104 M

5.58%

$0.51

1.09%

Vitals

YTD Return

2.4%

1 yr return

9.9%

3 Yr Avg Return

2.0%

5 Yr Avg Return

1.3%

Net Assets

$104 M

Holdings in Top 10

22.1%

52 WEEK LOW AND HIGH

$9.1
$8.71
$9.15

Expenses

OPERATING FEES

Expense Ratio 1.09%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 135.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.10

$104 M

5.58%

$0.51

1.09%

AFIF - Profile

Distributions

  • YTD Total Return 2.4%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.35%
DIVIDENDS
  • Dividend Yield 5.6%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Anfield Universal Fixed Income ETF
  • Fund Family Name
    Regents Park Funds
  • Inception Date
    Sep 18, 2018
  • Shares Outstanding
    13775000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Cyrille Conseil

Fund Description

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 ETFs.

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.

Although the Fund normally does not engage in any direct borrowing, leverage is inherent in the derivatives it trades. While Federal law limits bank borrowings to one-third of a fund’s assets (which includes the borrowed amount), the use of derivatives is not limited in the same manner. Leverage magnifies exposure to the swings in prices of the reference asset underlying a derivative and results in increased volatility, which means the Fund will generally have the potential for greater gains, as well as the potential for greater losses, than a fund that does not use derivatives. The Fund’s investment process includes both a top-down macroeconomic analysis and a bottom-up analysis of individual securities. In its evaluation of a potential investment, the Fund conducts a fundamental analysis of the individual issuer, reviews the valuation of the security and the relative valuations of similar securities, and analyzes the supply and demand for the security in the market. The Fund seeks to identify companies in stable and growing sectors of the economy that generate sufficient revenue to meet their debt obligations. The Fund will sell a portfolio holding when the security no longer meets its investment criteria or when a more attractive investment is available.

The Fund is actively managed and may engage in frequent trading.

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AFIF - Performance

Return Ranking - Trailing

Period AFIF Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -10.6% 12.4% 21.90%
1 Yr 9.9% -7.5% 29.0% 15.26%
3 Yr 2.0%* -17.8% 17.1% 18.80%
5 Yr 1.3%* -13.5% 15.1% 68.76%
10 Yr N/A* -13.6% 6.4% 7.48%

* Annualized

Return Ranking - Calendar

Period AFIF Return Category Return Low Category Return High Rank in Category (%)
2023 3.3% -12.0% 15.7% 39.06%
2022 -8.6% -31.8% 18.4% 24.42%
2021 -2.2% -26.6% 25.7% 65.65%
2020 0.9% -49.2% 18.7% 57.54%
2019 -2.1% -35.1% 15.3% 97.75%

Total Return Ranking - Trailing

Period AFIF Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -10.6% 12.4% 21.90%
1 Yr 9.9% -7.5% 29.0% 15.26%
3 Yr 2.0%* -17.8% 17.1% 18.80%
5 Yr 1.3%* -13.5% 15.1% 68.76%
10 Yr N/A* -13.6% 6.4% N/A

* Annualized

Total Return Ranking - Calendar

Period AFIF Return Category Return Low Category Return High Rank in Category (%)
2023 9.7% -7.0% 22.2% 25.79%
2022 -5.4% -31.8% 21.1% 27.20%
2021 -0.5% -13.5% 49.9% 83.39%
2020 2.2% -28.6% 24.1% 76.78%
2019 0.4% -4.8% 19.1% 99.06%

AFIF - Holdings

Concentration Analysis

AFIF Category Low Category High AFIF % Rank
Net Assets 104 M 2.53 M 143 B 84.14%
Number of Holdings 270 4 9868 67.73%
Net Assets in Top 10 22.4 M -204 M 65.8 B 87.67%
Weighting of Top 10 22.09% 5.1% 271.9% 65.95%

Top 10 Holdings

  1. B 03/28/24 3.92%
  2. TITIM 5.303 05/30/24 2.61%
  3. OZLM 2019-24A C2 2.05%
  4. BSP 2017-12A C 1.97%
  5. CGMS 2018-2A C 1.96%
  6. APID 2013-15A DRR 1.95%
  7. BASSPR TL B1 1L USD 1.95%
  8. STCR 2014-1RA D 1.92%
  9. VENTR 2013-15A DR2 1.89%
  10. MVW 2015-9A CR 1.88%

Asset Allocation

Weighting Return Low Return High AFIF % Rank
Bonds
89.67% 0.00% 215.76% 47.49%
Other
7.51% -66.66% 153.75% 34.86%
Cash
2.82% -94.66% 74.09% 56.62%
Convertible Bonds
0.88% 0.00% 33.50% 59.06%
Stocks
0.00% -4.18% 99.88% 87.37%
Preferred Stocks
0.00% 0.00% 30.46% 72.60%

Bond Sector Breakdown

Weighting Return Low Return High AFIF % Rank
Corporate
54.22% 0.00% 96.66% 28.89%
Securitized
39.54% 0.00% 99.65% 22.45%
Government
0.03% 0.00% 99.43% 85.09%
Derivative
0.00% -66.66% 153.75% 48.70%
Cash & Equivalents
0.00% 0.00% 65.14% 97.56%
Municipal
0.00% 0.00% 54.26% 70.17%

Bond Geographic Breakdown

Weighting Return Low Return High AFIF % Rank
US
89.67% 0.00% 215.76% 31.81%
Non US
0.00% 0.00% 69.85% 83.71%

AFIF - Expenses

Operational Fees

AFIF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.09% 0.03% 20.67% 53.87%
Management Fee 0.75% 0.00% 2.29% 70.39%
12b-1 Fee 0.00% 0.00% 1.00% 10.45%
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

AFIF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AFIF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AFIF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 135.00% 0.00% 632.00% 79.23%

AFIF - Distributions

Dividend Yield Analysis

AFIF Category Low Category High AFIF % Rank
Dividend Yield 5.58% 0.00% 23.30% 19.76%

Dividend Distribution Analysis

AFIF Category Low Category High Category Mod
Dividend Distribution Frequency None SemiAnnual Monthly Monthly

Net Income Ratio Analysis

AFIF Category Low Category High AFIF % Rank
Net Income Ratio 1.35% -1.55% 11.51% 88.72%

Capital Gain Distribution Analysis

AFIF Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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AFIF - Fund Manager Analysis

Managers

Cyrille Conseil


Start Date

Tenure

Tenure Rank

Sep 18, 2018

3.7

3.7%

Cyrille is a Portfolio Manager at Anfield Capital and member of the Investment Committee. He has over 18 years of investment management experience having most recently been associated with PIMCO for over 12 years. Cyrille was an Executive Vice President, portfolio manager, and Head of PIMCO’s global Leveraged Loan desk, where he managed over $7 billion in assets under management. Prior to his portfolio management responsibilities, Cyrille was a senior member of PIMCO’s credit research team, where he was responsible for the coverage of the Telecom, Media, and Cable industries among other industries. Cyrille holds the Chartered Financial Analyst Designation, an MBA with a concentration in finance and international business from Columbia University’s Graduate School of Business, New York, NY. He is a graduate of the Wharton School of the University of Pennsylvania, Philadelphia PA, where he received a Bachelors of Science in Economics with a concentration in finance.

David Young


Start Date

Tenure

Tenure Rank

Sep 18, 2018

3.7

3.7%

Mr. Young has been the Founder and Chief Executive Officer of Anfield Capital Management, LLC since 2009, and Regents Park Funds, LLC since 2016. Mr. Young has worked with many of the largest and most sophisticated institutional and private investors in investment strategy, portfolio management and asset allocation. At the end of 2008, he retired as Executive Vice President with Pacific Investment Management Company to rejoin the U.C. Irvine Merage School of Business as Adjunct Professor of Finance, and create Anfield Capital Management, LLC. From 1999 to 2006, Mr. Young was head of PIMCO’s account management group in London where he built a team of 25 investment professionals managing over 200 client accounts across the UK, Europe, the Middle East and Africa.

Peter Van de Zilver


Start Date

Tenure

Tenure Rank

Sep 18, 2018

3.7

3.7%

Peter is Director of Portfolio Analytics and Risk Management at Anfield Capital Management, LLC. Peter has over 25 years of investment management experience, and retired in 2010 from a senior position in the PIMCO Portfolio Analytics group to work on developing quantitative trading algorithms. At PIMCO, he was responsible for the architecture, development and implementation of many of their Analytics and Risk Management systems. Peter holds the CFA designation and holds degrees in Physics, Mathematics and Economics from the Universities of Utrecht & Amsterdam, as well as an MA degree in Economics from the University of Southern California, Los Angeles

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.72 3.19