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ETFs

Anfield Dynamic Fixed Income ETF

ADFI
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Aug 18, 2020
Expense Ratio
2.24%
Type
Global Bonds
Fund Owner
Regents Park Funds
Volume (1m avg. daily)
$103,371
AUM
$21,942,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

GOVT
BlackRock Institutional Trust Company N.A. - iShares U.S. Treasury Bond ETF
21.94%
MBB
BlackRock Institutional Trust Company N.A. - iShares MBS ETF
18.78%
LQD
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD Investment Grade Corporate Bond ETF
17.4%
FTSL
First Trust Exchange-Traded Fund III - First Trust Senior Loan Fund ETF
13.27%
JAAA
Janus Capital Management LLC - Janus Henderson AAA CLO ETF
11.75%
PHB
Invesco Capital Management LLC - Invesco Fundamental High Yield Corporate Bond ETF
6.68%
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
6.26%
ICVT
BlackRock Institutional Trust Company N.A. - iShares Convertible Bond ETF
3.19%
—
US DOLLARS
0.74%
—
Derivatives offset
—
Invest with ADFI
Trade ADFI Options

What is 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, including any borrowings for investment purposes, in other unaffiliated ETFs ( Underlying Funds ) 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. 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 Fund s 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 10-20 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 Underlying Funds to issuers in emerging markets. The Fund may also invest in convertible securities. The Fund may also invest in various types of derivatives, including exchange listed and over the counter ( OTC ) futures, options, total return swaps, forwards and repurchase agreements. 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.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

ADFI
Performance Measures**

for the time period Aug 18, 2020 to Dec 4, 2025

Returns

1M Trailing Return: 0.3%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 0.7%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -17.6%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 6.0%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: -0.08

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.04

The annualized return divided by the max drawdown for the selected time period.

ETFs related toADFI

ETFs correlated to ADFI include DIAL, DYLD, SPBO

ADFI
Two Roads Shared Trust - Anfield Dynamic Fixed Income ETF
DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF
DYLD
Two Roads Shared Trust - LeaderShares Dynamic Yield ETF
SPBO
SPDR Series Trust - SPDR Portfolio Corporate Bond ETF
VCEB
Vanguard Group, Inc. - Vanguard ESG U.S. Corporate Bond ETF
SUSC
iShares Trust - iShares Trust iShares ESG Aware USD Corporate Bond ETF
VTC
Vanguard Group, Inc. - Vanguard Total Corporate Bond ETF
QLTA
BlackRock Institutional Trust Company N.A. - iShares Aaa - A Rated Corporate Bond ETF
LQD
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD Investment Grade Corporate Bond ETF
USIG
BlackRock Institutional Trust Company N.A. - iShares Broad USD Investment Grade Corporate Bond ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

ADFI is a Global Bonds ETF. 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, including any borrowings for investment purposes, in other unaffiliated ETFs ( Underlying Funds ) 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. 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 Fund s 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 10-20 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 Underlying Funds to issuers in emerging markets. The Fund may also invest in convertible securities. The Fund may also invest in various types of derivatives, including exchange listed and over the counter ( OTC ) futures, options, total return swaps, forwards and repurchase agreements. 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.

Yes, ADFI 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, ADFI 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 ADFI is -0.0117%. This is the percent change in the value of ADFI over the most recent 1-month period. The 3-month return on ADFI is -0.0168%. This is the percent change in the value of ADFI over the most recent 3-month period.

The standard deviation of ADFI for the past year is 0.0682%. 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 ADFI include GVI, BLV, and BSV.

ETFs correlated to ADFI include DIAL, DYLD, and SPBO.

ETFs that are inversely correlated to ADFI include TBX, PST, and TTT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.