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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 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 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.
Anfield Universal Fixed Income ETF trades on the BATS stock market under the symbol AFIF.
As of March 24, 2023, AFIF stock price climbed to $8.73 with 20,746 million shares trading.
AFIF has a beta of 0.08, meaning it tends to be less sensitive to market movements. AFIF has a correlation of 0.18 to the broad based SPY ETF.
AFIF has a market cap of $113.27 million. This is considered a Micro Cap stock.
In the last 3 years, AFIF stock traded as high as $10.77 and as low as $8.57.
AFIF has outperformed the market in the last year with a return of -1.4%, while the SPY ETF lost -10.7%. However, in the most recent history, AFIF shares have underperformed the stock market with its stock returning +0.8% in the last 3 month period and -1.2% for the last 2 week period, while SPY has returned +3.7% and +2.9%, respectively.
AFIF support price is $8.66 and resistance is $8.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AFIF stock will trade within this expected range on the day.