An orthopedic device is arranged as a lightweight ankle-foot orthosis providing dynamic support for drop foot or related disorders requiring dorsiflexion. The orthopedic device includes a main support adapted to secure about a lower leg, a strap assembly having a first portion coupling to the main support, and a second portion arranged to be drawn therefrom, and an anchor for receiving and attaching to the second portion of the strap assembly. The location of the anchor along a foot component enables increased medial-lateral control, and the arrangement of the strap assembly permits dorsiflexion during swing phase of a user's gait.