Anfield Capital rolled out a multi-purpose, actively managed fixed-income ETF that draws upon the expertise from its five-year old mutual fund offering.
Anfield Capital recently launched the Anfield Universal Fixed Income ETF (Cboe: AFIF), which has a 0.95% expense ratio.
Anfield’s Cyrille Conseil, Peter van de Zilver and David Young serve as the portfolio managers of the active bond ETF.
The Anfield Universal Fixed Income ETF tries to generate current income and has broad flexibility to allocate its assets across different types of securities and sectors of the fixed income markets, according to the ETF’s prospectus.
AFIF’s portfolio may include corporate bonds, U.S. government and agency securities, master-limited partners, private debt, foreign sovereign bonds, convertible securities, bank loans, asset-backed securities, mortgage-backed securities and cash equivalent instruments. The ETF may also hold dividend-paying stocks.
Additionally, the portfolio may include various types of derivatives, including futures, options, credit default swaps, total return swaps and repurchase agreements as a substitute for making direct investments in underlying instruments, to reduce certain exposures or to “hedge” against market volatility and other risks.
Some investors may be somewhat familiar with the strategy as AFIF acts as the sister fund to the Anfield Universal Fixed income Fund (AFLIX), which has a five-year track record. The ETF and mutual fund are both managed similarly but in different investment wrappers.
Anfield’s managers try to achieve long-term secular orientation; value-driven with an income focus; benchmark, asset class and geography agnostic exposure; and a risk centric, downside-protection approach to investing.
The active managers try to achieve their goals through synthesis of top-down macro orientation with bottoms up security selection by targeting higher quality company bias and price adjusted quality bias. Additionally, investors may find that sector and asset class weightings are the result of the team’s bottoms up analysis.
For more information on new fund products, visit our new ETFs category.