Anfield Dynamic Fixed Income ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Apr 30, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About ADFI
The Fund is an actively managed exchange-traded fund (ETF) that is a fund of funds,meaning that it primarily invests its assets in securities of other ETFs. The Fund normally invests at least 80% of its net assets, includingany borrowings for investment purposes, in other unaffiliated ETFs (Underlying Funds) that invest in any facet of the globaldebt markets, including corporate bonds, U.S. government and agency securities, private debt, foreign sovereign bonds, convertible securities,bank loans, asset-backed securities, mortgage-backed securities, and cash equivalent instruments. The Fund is not managed relative toan index and has broad flexibility to allocate its assets across different types of securities and sectors of the fixed income markets.The Funds strategy seeks to outperform traditional core fixed income indices and styles over full market cycles by investing dynamically.It is expected that the Fund will typically hold 8-25 Underlying Funds to gain exposure to particular segments of the fixed income markets.These concentrated dynamic allocations are made with the goal of either capitalizing on positive opportunities or avoiding market declines.The Underlying Funds may invest heavily in foreign (non-U.S.) securities, and the Fund may have significant exposure through the UnderlyingFunds to issuers in emerging markets. The Fund may also invest in convertible securities. The Fund may also invest in various types ofderivatives, including exchange-listed and over the counter (OTC) futures, options, total return swaps, forwards and repurchaseagreements. The Fund or the Underlying Funds 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.TheFund and the Underlying Funds may invest in fixed income instruments with fixed or adjustable (floating) rates. The Fund does not seekto maintain any particular weighted average maturity or duration, and may invest directly in or in Underlying Funds that hold fixed incomeinstruments of any maturity or duration. The Fund and the Underlying Funds 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 Fundsassets in below investment grade securities. The Fund will typically invest, through its investments in the Underlying Funds, a substantialportion of the Funds 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. AnfieldCapital Management, LLC (the Sub-Adviser) selects potential investments based on its ongoing analysis of available opportunities.The Funds investment process includes bottom-up security research that incorporates a top-down economic framework. The Fundssector selection is driven by proprietary fundamental research. The broad economic outlook is determined in cyclical and secular forumsthat set the investment tone, with an orientation to capital preservation. The Funds price gains are balanced against a goal ofpreserving principle, with an emphasis on sectors with attractive fundamentals. The Funds sector diversity aims to spread riskacross multiple industries and companies and will de-emphasize sectors when their fundamentals are poor, as measured by, among otherfactors, valuation, including price-to-earnings ratio, quality of earnings prospects, profit margins and earnings. The Sub-Adviser expectsthat the Fund will generally hold 8-25 positions, although total holdings are dependent on market conditions, the Sub-Advisersmarket views, and other factors. The Fund will sell a portfolio holding when it believes a sector has reached a target price or stoploss price, an investment thesis plays out, events fail to confirm the investment thesis, fundamentals deteriorate and cause a changeto the risk-reward profile, or management identifies more attractive risk-adjusted return opportunities elsewhere. Althoughthe Fund normally does not engage in any direct borrowing, leverage is inherent in the derivatives it trades. While Federal law limitsbank borrowings to one-third of a funds assets (which includes the borrowed amount), the use of derivatives is not limited inthe same manner. Leverage magnifies exposure to the swings in prices of the reference asset underlying a derivative and results in increasedvolatility, which means the Fund will generally have the potential for greater gains, as well as the potential for greater losses, thana fund that does not use derivatives. The Funds investments that are denominated in foreign (non-U.S.) currencies may be hedgedor un-hedged on an opportunistic basis. TheFund may engage in active and frequent trading and could have an annual portfolio turnover of over 100%. For the purpose of achievingincome, the Fund may engage in securities lending.
ADFI News
- Discipline and Rules-Based Execution in ADFI Response
- Behavioral Patterns of ADFI and Institutional Flows
- Short Interest in Anfield Dynamic Fixed Income ETF (BATS:ADFI) Expands By 312.8%
- (ADFI) Movement Within Algorithmic Entry Frameworks
- (ADFI) Movement Within Algorithmic Entry Frameworks
- Notice of Intent to Close the Anfield Dynamic Fixed Income ETF (ADFI)
- How (ADFI) Movements Inform Risk Allocation Models
- Trading Systems Reacting to (ADFI) Volatility
Data for ADFI is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.