Anfield Universal Fixed Income ETF

Frequently Asked Questions About AFIF

What does AFIF invest in?

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 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.

What is the expense ratio of AFIF?

Anfield Universal Fixed Income ETF (AFIF) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations.

What is AFIF's dividend yield?

AFIF's trailing-twelve-month yield is 3.75%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of AFIF?

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

What is the credit quality of AFIF?

AFIF'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 AFIF?

Yield to maturity (YTM) is the total return you'd earn from AFIF if every bond in the portfolio is held to maturity at the current price. AFIF'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.