AFIF — Anfield Universal Fixed Income ETF
Data updated: 2026-09-23
AFIF — Anfield Universal Fixed Income ETF. 0.85% expense ratio · since 2018 · Intermediate Corporate Bond. Holdings, fees, performance and SEC filings.
AFIF Fund Overview
AFIF — Anfield Universal Fixed Income ETF is a US ETF managed by Horizon Funds, categorised as Intermediate Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Horizon Funds
- Category: Intermediate Corporate Bond
- Assets under management: $276.12M
- Ticker: AFIF
- SEC CIK: 0001643174
- SEC series ID: S000101854
- Share class ID: C000272171
AFIF Investment Objective and Strategy
Anfield Universal Fixed Income ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Horizon Funds.
Investment objective
Anfield Universal Fixed Income ETF (the “Universal Fixed Income Fund” or the “Fund”) seeks current income.
Principal investment strategy
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 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 principal investments of the Fund include corporate bonds, U.S. government and agency securities, master-limited partnerships (“MLPs”) (tied to energy-related commodities), preferred securities, private debt, foreign sovereign bonds, convertible securities, bank loans, mortgage-backed securities, and cash equivalent instruments. To a lesser extent, the Fund may invest in dividend-paying common stocks.
The Fund may invest in structured products including mortgage-related and other asset-backed securities including residential mortgage-backed securities, commercial mortgage-backed securities, asset-backed securities and collateralized loan obligations (“CLOs”). The Fund may invest in fixed income instruments with fixed or adjustable (floating) rates. The Fund does not seek to maintain any particular weighted average maturity or duration, and may invest in fixed income instruments of any maturity or duration. The Fund may invest in both investment grade and below investment grade (often referred to as “high yield” or “junk” bonds) securities, subject to a maximum of up to 50% of the Fund’s assets in below investment grade securities. The Fund will typically invest a substantial portion of the Fund’s investments in securities of issuers with a range of credit ratings that have stable or improving fundamentals.
Securities of these issuers include secured bank loans and below investment grade bonds. The Fund may also engage in short sales when it believes a security is overvalued in the market. The Fund may invest without limit in U.S. and non-U.S. dollar-denominated securities of U
AFIF Holdings
Top 10 holdings of Anfield Universal Fixed Income ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Treasury Bill | 3.94% |
| Treasury Bill | 3.78% |
| Electricite De France SA | 2.52% |
| Nissan Motor Acceptance | 2.14% |
| Caesars Entertain, Inc. | 1.82% |
| Citigroup, Inc. | 1.75% |
| Capital One Financial Co. | 1.73% |
| General Motors Finl Co. | 1.59% |
| Energy Transfer LP | 1.47% |
| Ally Financial, Inc. | 1.45% |
AFIF Portfolio Allocation
Asset-class allocation of Anfield Universal Fixed Income ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 48.0% |
| Equity | 21.3% |
| Securitized | 16.8% |
| Loans | 16.0% |
| Other | 0.3% |
AFIF Performance
Total returns for AFIF (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.53% |
AFIF Costs and Fees
AFIF costs about $85 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.85%
- Gross expense ratio: 0.85%
- Portfolio turnover: 16%
AFIF Cashflows
Over the 12 months to 2026-07, Anfield Universal Fixed Income ETF had net outflows of $177.63M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | −$177.86M |
| 2026-06 | $939.89K |
| 2026-05 | −$702.68K |
AFIF Debt Constituents
Largest debt holdings of Anfield Universal Fixed Income ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Treasury Bill | 3.94% |
| Treasury Bill | 3.78% |
| Electricite De France SA | 2.52% |
| Nissan Motor Acceptance | 2.14% |
| Bnp Paribas | 1.38% |
| Bank of Nova Scotia | 1.37% |
| Bnp Paribas | 1.26% |
| American Electric Power | 1.22% |
| Credit Agricole SA | 1.15% |
| Deutsche Bank AG | 1.15% |
AFIF Prospectus and SEC Filings
Official Anfield Universal Fixed Income ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Intermediate Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.