Anfield U.S. Equity Sector Rotation ETF

AESR is a US Equities ETF. The Anfield U.S. Equity Sector Rotation ETF (the Sector Rotation ETF or the Fund ) seeks to outperform traditional large-cap equity indices and styles over full market cycles by investing in various sectors of the equity market. 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 ETFs ( Underlying Funds ) that each invest at least 80% of their assets in U.S. equity securities. 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 U.S. equity markets. The Fund defines equity securities to include ETFs that invest primarily in equity securities, such as common and preferred stocks. The Fund will invest primarily in large capitalization issuers, although its assets may be invested in securities of any market capitalization. Based on the Sub-Adviser s tactical investment style, the Fund will invest in Underlying Funds based on the Sub-Adviser s macroeconomic and asset cycle investing methodology that determines the rank order of equity sectors, and then makes periodic shifts to i) capitalize on market opportunities, or ii) avoid market declines. The Fund expects to hold between eight to ten Underlying Funds at any given time. The core of the Fund s portfolio will be comprised of a combination of the 11 main industry sectors that make up the S&P 500 Index, although additional positions may be included in the Fund s securities. Over- and under-weights of industry sectors are determined by the overall market and sector outlook.

Yes, AESR 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, AESR 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 AESR is -0.0161%. This is the percent change in the value of AESR over the most recent 1-month period. The 3-month return on AESR is -0.0165%. This is the percent change in the value of AESR over the most recent 3-month period.

The standard deviation of AESR for the past year is 0.163%. 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 AESR include XLI, XLY, and XLV.

ETFs correlated to AESR include SPUU, PBUS, and GAUG.

ETFs that are inversely correlated to AESR include SPDN, SH, and SDS.