Two Roads to launch renminbi-denominated and settled fixed-income fund

By Toni Weeks

San Luis Obispo, Calif., June 17 – Two Roads Shared Trust announced its plans to launch a new fund that will invest in fixed-income securities of Chinese issuers.

According to an N-1A filing with the Securities and Exchange Commission, the E Fund RQFII China Total Return Bond Fund will seek maximum total return, consistent with preservation of capital and prudent investment management. Under normal circumstances, it will invest at least 80% of its assets in renminbi-denominated and settled fixed-income securities of issuers located in the People’s Republic of China.

The portfolio manager is Qiang (David) Zhang.

The fund will offer class A, class C and class I shares. The ticker symbols have not yet been set.

Class A shares will incur a maximum sales load of 5.75%, and both class A and class C shares will be subject to a maximum deferred sales load of 1%. Management fees and total annual fund operating expenses have not yet been determined.

Newport Beach, Calif.-based Anfield Capital Management, LLC will serve as the adviser to the fund.

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