Skip to content
etf.net

Launched

Anfield Universal Fixed Income ETF

AFIFCboeHorizon FundsD

$9.28+0.03 (+0.32%)

As of Nov 2, 2026, 3:59 PM ET

D36/ 100

Rank 26 of 29 in Global Aggregate Bond (Unhedged)

D36/100Rank 26 of 29inGlobal Aggregate Bond (Unhedged)
Intraday session: up, 79 prints from 9.25 to 9.28. Range 9.20 to 9.28. Use the arrow keys to read each point.9.209.229.249.2610 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$673M
1Y total return
+2.1%
Yield · Last 12 months
4.21%
Holdings
391
Avg volume · 30D
774K sh
52W range
low $9.07high $9.86
Launched

The ETF.net AFIF Grade

D

Score 36 out of 100

Category
Global Aggregate Bond (Unhedged)⁠
Rank
26 of 29
Six-pillar profile for AFIF. Scores out of 100: Cost 4, Risk 80, Mission 31, Tradability 47, Holdings 51, Durability 59. Strongest: Risk (80). Weakest: Cost (4). Leans toward Risk.

Score 36 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F4 out of 100
    Rank 28 of 29

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    D31 out of 100
    Rank 27 of 27

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A80 out of 100
    Rank 1 of 29

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C47 out of 100
    Rank 17 of 29

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C51 out of 100
    Rank 16 of 29

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B59 out of 100
    Rank 14 of 29

Our read on AFIF

ETF.net Research

In short

DMost funds in the aggregate-bond aisle just clone an index. AFIF is the opposite: a hands-on, go-anywhere bond portfolio that can roam across sectors, maturities, credit tiers and countries in pursuit of current income, paid monthly.

Stated mandate

The Fund seeks current income through active management of a broadly diversified fixed-income portfolio. It may invest across debt sectors, maturities, credit qualities, U.S. and foreign issuers, and related derivatives.

Why people hold it

  • Genuinely active mandate. The managers can move across debt sectors, maturities, credit qualities, U.S. and foreign issuers and related derivatives, not just track a fixed index recipe.
  • Income is the stated job, not a byproduct. The fund's declared target is current income, and it distributes monthly rather than quarterly.
  • Not a startup. Trading since 2018, so it has run through a full swing of the rate cycle in the open.
  • Passport-free reach. A global fixed-income remit lets it look outside U.S. paper when the opportunity sits abroad.

Worth knowing

  • Costs are the headline trade-off: 0.85% a year against a peer median of 0.36%, and index heavyweights like BND, SPAB and SCHZ charge 0.03%.
  • No index to hug. Active security selection means results can look nothing like the aggregate bond benchmark in either direction.
  • It's a modest-sized, moderately traded fund, so spreads can run wider than the mega-cap index names. Limit orders do more work here.

AFIF Performance

Launched Sep 18, 2018

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
AFIF$10,214
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. AFIF $10,214. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for AFIF. Periods over one year show the average yearly return.
PeriodAFIF
Year to date+1.2%
1 month+0.6%
3 months−0.5%
1 year+2.1%
3 yearsper year+6.1%
5 yearsper year+3.7%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AFIF
YearReturn barAFIF
2026 YTD+1.2%
2025+6.6%
2024+7.1%
2023+9.7%
2022−5.4%
2021−0.5%
2020+2.1%

AFIF in the news

AFIF Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
4.21%Last 12 months
Payout per share
$0.39Last 12 months
Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 46 payments from 2023 to 2026 YTD. Jan 17, 2023 $0.01; Feb 15, 2023 $0.04; Mar 15, 2023 $0.04; Apr 18, 2023 $0.04; May 16, 2023 $0.04; Jun 15, 2023 $0.05; Jul 18, 2023 $0.04; Aug 16, 2023 $0.04; Sep 14, 2023 $0.04; Oct 17, 2023 $0.05; Nov 15, 2023 $0.05; Dec 14, 2023 $0.09; Jan 18, 2024 $0.02; Feb 15, 2024 $0.05; Mar 14, 2024 $0.04; Apr 18, 2024 $0.05; May 16, 2024 $0.04; Jun 13, 2024 $0.04; Jul 18, 2024 $0.05; Aug 15, 2024 $0.04; Sep 19, 2024 $0.05; Oct 17, 2024 $0.04; Nov 14, 2024 $0.04; Dec 12, 2024 $0.05; Jan 22, 2025 $0.01; Feb 14, 2025 $0.03; Mar 14, 2025 $0.03; Apr 17, 2025 $0.03; May 16, 2025 $0.03; Jun 13, 2025 $0.02; Jul 18, 2025 $0.01; Aug 15, 2025 $0.01; Sep 17, 2025 $0.02; Oct 17, 2025 $0.02; Nov 14, 2025 $0.01; Dec 12, 2025 $0.11; Jan 22, 2026 $0.02; Feb 13, 2026 $0.02; Mar 20, 2026 $0.04; Apr 17, 2026 $0.03; May 15, 2026 $0.03; Jun 18, 2026 $0.04; Jul 17, 2026 $0.01; Aug 26, 2026 $0.03; Sep 25, 2026 $0.04; Oct 29, 2026 $0.02. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Oct 29, 2026Oct 30, 2026$0.02
Sep 25, 2026Sep 28, 2026$0.04
Aug 26, 2026Aug 27, 2026$0.03
Jul 17, 2026Jul 22, 2026$0.01
Jun 18, 2026Jun 23, 2026$0.04
May 15, 2026May 20, 2026$0.03
Apr 17, 2026Apr 22, 2026$0.03
Mar 20, 2026Mar 25, 2026$0.04
Feb 13, 2026Feb 18, 2026$0.02
Jan 22, 2026Jan 27, 2026$0.02
Dec 12, 2025Dec 15, 2025$0.11
Nov 14, 2025Nov 19, 2025$0.01

See all 99 payments⁠

$10,000 in AFIF 5 years ago paid $2,067 in dividends.⁠

AFIF Risk

Risk pillarA80 out of 100Rank 1 of 29 in Global Aggregate Bond (Unhedged)
How much the fund’s monthly returns vary, scaled to a year.
2.2%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.69
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−8.6%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.21
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

AFIF Cost

Compare AFIF and BNDW

Overpaying vs BNDW, cheapest in Global Aggregate Bond (Unhedged)

$15,139

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AFIF 0.85%

    $16,199

  • BNDW 0.05% Cheapest

    $1,060

$10,000
30 years

Cost over time

  • AFIF 0.85%
  • BNDW 0.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530AFIF $16,199BNDW $1,060

Year by year

YearAFIFBNDWOverpaying
10$1,508$92$1,416
20$5,706$360$5,346
30$16,199$1,060$15,139

Other funds in Global Aggregate Bond (Unhedged)

See others