Anfield Universal Fixed Income ETF
Data updated: 2026-06-29
C000204431 — Anfield Universal Fixed Income ETF. Long Corporate Bond · $226.93M AUM · 1.08% expense ratio. Holdings, fees, performance and SEC filings.
C000204431 Fund Overview
Anfield Universal Fixed Income ETF is a US ETF managed by Two Roads Shared Trust, categorised as Long Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Two Roads Shared Trust
- Category: Long Corporate Bond
- Assets under management: $226.93M
- 1-year return: 5.8%
- SEC CIK: 0001552947
- SEC series ID: S000062994
- Share class ID: C000204431
C000204431 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 Two Roads Shared Trust.
Investment objective
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 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. To a lesser extent, the Fund may invest in dividend-paying common stocks. The Fund may also invest in various types of derivatives, including futures, options, credit default swaps, total return swaps and repurchase agreements.
The Fund 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. The Fund may also invest in other investment companies, including other exchange-traded funds. 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 Funds assets in below investment grade securities. The Fund will typically invest a substantial portion of the Funds 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 invest without limit in U.S. and non-U.S. dollar-denominated securities of U.S. and foreign issuers, including investing up to 20% of its net assets in issuers located in emerging market countries. Although the Fund normally does not engage in any direct borrowing, leverage is inherent in the derivatives it trades. While Federal law limits bank borrowings to one-third of a funds assets (which includes the borrowed amount), the use of derivatives is not limited the same manner. Federal law generally requires the Fund to segregate or earmark liquid assets or otherwise cover the market exposure of its derivatives. Leverage magnifies exposure to the swings in prices of the reference asset underlying a derivative and results in increased volatility, which means the Fund will generally have the potential for greater gains, as well as the potential for greater losses, than a fund that does not use derivatives.
The Funds investment process includes both a top-down macroeconomic analysis and a bottom-up analysis of individual securities. In its evaluation of a potential investment, the Fund conducts a fundamental analysis of the individual issuer, reviews the valuation of the security and the relative valuations of similar securities, and analyzes the supply and demand for the security in the market. The Fund seeks to identify companies in stable and growing sectors of the economy that generate sufficient revenue to meet their debt obligations. The Fund will sell a portfolio holding when the security no longer meets its investment criteria or when a more attractive investment is available. The Fund may engage in active and frequent trading.
C000204431 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 |
|---|---|
| United States Of America - Bureau Of The Public Debt | 3.07% |
| Nissan Motor Acceptance Company LLC | 2.52% |
| Caesars Entertainment Inc | 2.25% |
| Citigroup, Inc. | 2.12% |
| Electricite De France SA | 2.06% |
| General Motors Financial Company, Inc. | 1.82% |
| Energy Transfer LP | 1.79% |
| Bnp Paribas SA | 1.68% |
| Bank Of Nova Scotia (the) | 1.66% |
| Ally Financial, Inc. | 1.66% |
C000204431 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 | 68.4% |
| Securitized | 18.3% |
| Loans | 11.7% |
C000204431 Performance
Total returns for C000204431 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.0% |
| 1 year | 5.8% |
| 3 years (annualised) | 7.2% |
| 5 years (annualised) | 3.6% |
C000204431 Risk Information
Risk metrics for C000204431, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.8%
C000204431 Costs and Fees
C000204431 costs about $108 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.08%
- Gross expense ratio: 1.08%
- Portfolio turnover: 16%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000204431 Cashflows
Over the 12 months to 2026-04, Anfield Universal Fixed Income ETF had net inflows of $90.71M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$466.65K |
| 2026-03 | −$4.71M |
| 2026-02 | $9.22M |
| 2026-01 | $18.62M |
| 2025-12 | $3.30M |
| 2025-11 | $31.14M |
C000204431 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 |
|---|---|
| United States Of America - Bureau Of The Public Debt | 3.07% |
| Nissan Motor Acceptance Company LLC | 2.52% |
| Citigroup, Inc. | 2.12% |
| Electricite De France SA | 2.06% |
| General Motors Financial Company, Inc. | 1.82% |
| Energy Transfer LP | 1.79% |
| Bnp Paribas SA | 1.68% |
| Bank Of Nova Scotia (the) | 1.66% |
| Ally Financial, Inc. | 1.66% |
| American Electric Power Company, Inc. | 1.48% |
C000204431 Prospectus and SEC Filings
Official Anfield Universal Fixed Income ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-11-26
- Prospectus (485BPOS) — filed 2024-11-27
- Prospectus (485BPOS) — filed 2023-11-28
- Portfolio holdings (N-PORT) — filed 2026-06-29
- Portfolio holdings (N-PORT) — filed 2026-03-30
- Portfolio holdings (N-PORT) — filed 2025-12-29
- Annual census (N-CEN) — filed 2025-10-14
- Annual census (N-CEN) — filed 2024-10-11
Related Funds
Other Long 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.