Anfield Dynamic Fixed Income ETF

Frequently Asked Questions About ADFI

What does ADFI invest in?

The fund is an actively managed ETF that is a "fund of funds," meaning that it primarily invests its assets in securities of other ETFs. It normally invests at least 80% of its net assets, including any borrowings for investment purposes, in other unaffiliated ETFs that invest in any facet of the global debt 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.

What is the expense ratio of ADFI?

Anfield Dynamic Fixed Income ETF (ADFI) charges an expense ratio of 1.71%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of ADFI?

Effective duration measures ADFI's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. ADFI's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of ADFI?

ADFI's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of ADFI?

Yield to maturity (YTM) is the total return you'd earn from ADFI if every bond in the portfolio is held to maturity at the current price. ADFI's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

How big is ADFI?

Anfield Dynamic Fixed Income ETF (ADFI) manages $46.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.