v3.26.1
Annual Fund Operating Expenses - Anfield Universal Fixed Income Fund
Aug. 21, 2026
Prospectus [Line Items]  
Fee Waiver or Reimbursement over Assets, Date of Termination March 31, 2029
Advisor Class  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.80%
Distribution and Service (12b-1) Fees 0.25%
Other Expenses (as a percentage of Assets): 0.25% [1]
Expenses (as a percentage of Assets) 1.30%
Fee Waiver or Reimbursement (0.06%) [2]
Net Expenses (as a percentage of Assets) 1.24%
Investor Class  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.80%
Distribution and Service (12b-1) Fees 0.10%
Other Expenses (as a percentage of Assets): 0.25% [1]
Expenses (as a percentage of Assets) 1.15%
Fee Waiver or Reimbursement (0.06%) [2]
Net Expenses (as a percentage of Assets) 1.09%
Institutional Class  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.80%
Distribution and Service (12b-1) Fees 0.00%
Other Expenses (as a percentage of Assets): 0.25% [1]
Expenses (as a percentage of Assets) 1.05%
Fee Waiver or Reimbursement (0.06%) [2]
Net Expenses (as a percentage of Assets) 0.99%
[1] “Other expenses” have been adjusted from amounts incurred by the Fund’s predecessor, Anfield Universal Fixed Income Fund, a series of Two Roads Shared Trust (“the Universal Fixed Income Predecessor Fund”), during the Universal Fixed Income Predecessor Fund’s most recent fiscal year end to reflect estimated current expenses for the Fund.
[2] Horizon has agreed to waive its advisory fee and reimburse expenses to limit total operating expenses of the Fund at least until March 31, 2029, so that direct expenses (exclusive of front-end or contingent deferred loads; brokerage fees and commissions; acquired fund fees and expenses; borrowing costs (such as interest and dividend expense on securities sold short); payments, if any, under a Rule 12b-1 Distribution Plan; expenses paid with securities lending expense offset credits; taxes; and extraordinary expenses (such as litigation)) of the Fund will not exceed, 0.99% with respect to Advisor Class, Investor Class and Institutional Class shares, subject to the terms of the applicable expense limitation agreement; provided, however, that any fees waived and expenses reimbursed are subject to possible recoupment by Horizon, within 36 months after such fees have been waived or expenses reimbursed, if such recoupment can be achieved without exceeding the lower of the expense limit in place at the time of the waiver or reimbursement and the expense limit in place at the time of recoupment. After the expiration of the contractual expense limitation, total annual fund operating expenses may increase if Horizon does not renew or maintain the cap or waiver.