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Launched

Anfield U.S. Equity Sector Rotation ETF

AESRCboeHorizon FundsD

$18.80−0.24 (−1.26%)

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

D33/ 100

Rank 102 of 126 in US Active Equity

D33/100Rank 102 of 126inUS Active Equity
Intraday session: down, 78 prints from 19.04 to 18.80. Range 18.80 to 19.18. Use the arrow keys to read each point.18.9019.1010 AM12 PM2 PM4 PM
Expense ratio
0.97%
Fund size
$246M
1Y total return
+11.4%
Yield · Last 12 months
20.49%
Holdings
33
Avg volume · 30D
37.2K sh
52W range
low $16.09high $21.10
Launched

The ETF.net AESR Grade

D

Score 33 out of 100

Category
US Active Equity⁠
Rank
102 of 126
Six-pillar profile for AESR. Scores out of 100: Cost 16, Risk 39, Mission 48, Tradability 47, Holdings 36, Durability 77. Strongest: Durability (77). Weakest: Cost (16). Leans toward Durability.

Score 33 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.
    F16 out of 100
    Rank 106 of 126

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    C48 out of 100
    Rank 41 of 49

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D39 out of 100
    Rank 92 of 126

  • 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 64 of 126

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D36 out of 100
    Rank 102 of 124

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A77 out of 100
    Rank 22 of 126

Our read on AESR

ETF.net Research

In short

DA macro call in ETF form: AESR ranks the S&P 500's 11 sectors, then holds eight to ten sector funds in whatever mix its outlook favors. No index leash, quarterly resets, and a bill that reflects the hands-on work.

Stated mandate

The Fund seeks capital appreciation. It is actively managed, invests in U.S. equity securities directly or through underlying ETFs, and uses macroeconomic analysis to adjust exposure among equity-market sectors.

Why people hold it

  • The job is specific: rank the 11 S&P 500 sectors by macro outlook, then hold eight to ten sector ETFs in that order. Rebalanced quarterly, or sooner if conditions shift.cboe.com
  • Its prospectus says it is not managed relative to an index, so sector weights can sit far from a cap-weighted 500. That freedom to look different is the whole design.sec.govcboe.com
  • Trading since December 2019, it has a multi-year record across real market cycles and moderate volume for a fund of its size.

Worth knowing

  • It runs 0.97% a year, above the roughly 0.70% median for active US equity funds and multiples of core options like DFAU (0.12%) or DYNF (0.26%).
  • Mostly a holder of other ETFs, so those underlying funds carry their own expenses, which ride along inside your return on top of the sector calls.regentsparkfunds.comcboe.com
  • Results hinge on the macro ranking being right. A wrong read on which sectors lead can push returns away from a plain 500 fund in either direction.cboe.com

AESR Performance

Launched Dec 16, 2019

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.
AESR$11,138
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. AESR $11,138. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 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 AESR. Periods over one year show the average yearly return.
PeriodAESR
Year to date+12.3%
1 month−4.2%
3 months−2.3%
1 year+11.4%
3 yearsper year+25.9%
5 yearsper year+11.7%
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 AESR
YearReturn barAESR
2026 YTD+12.3%
2025+20.7%
2024+25.3%
2023+21.0%
2022−17.5%
2021+25.1%
2020+19.6%

AESR in the news

AESR 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.
20.49%Last 12 months
Payout per share
$3.90Last 12 months
Last payment
$3.90 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2019–2026

One bar per payment. 13 payments from 2019 to 2026 YTD. Dec 27, 2019 $0.03; Sep 15, 2020 $0.0012; Dec 15, 2020 $0.07; Dec 30, 2020 $0.05; Dec 15, 2021 $0.92; Sep 15, 2022 $0.0079; Dec 15, 2022 $0.08; Jun 15, 2023 $0.02; Sep 14, 2023 $0.0034; Dec 14, 2023 $0.03; Dec 12, 2024 $0.03; Jun 13, 2025 $0.0012; Dec 12, 2025 $3.90. Use the arrow keys to read each point.20192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 12, 2025Dec 15, 2025$3.90
Jun 13, 2025Jun 18, 2025$0.0012
Dec 12, 2024Dec 17, 2024$0.03
Dec 14, 2023Dec 20, 2023$0.03
Sep 14, 2023Sep 20, 2023$0.0034
Jun 15, 2023Jun 21, 2023$0.02
Dec 15, 2022Dec 21, 2022$0.08
Sep 15, 2022Sep 21, 2022$0.0079
Dec 15, 2021Dec 21, 2021$0.92
Dec 30, 2020Jan 6, 2021$0.05
Dec 15, 2020Dec 21, 2020$0.07
Sep 15, 2020Sep 21, 2020$0.0012

See all 13 payments⁠

$10,000 in AESR 5 years ago paid $3,356 in dividends.⁠

AESR Risk

Risk pillarD39 out of 100Rank 92 of 126 in US Active Equity
How much the fund’s monthly returns vary, scaled to a year.
15.7%
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.
1.28
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.
−25.0%
Trough Sep 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.
1.17
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.

AESR Cost

Compare AESR and TACU

Overpaying vs TACU, cheapest in US Active Equity

$18,198

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

  • AESR 0.97%

    $18,198

  • TACU 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • AESR 0.97%
  • TACU 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530AESR $18,198TACU $0

Year by year

YearAESRTACUOverpaying
10$1,712$0$1,712
20$6,443$0$6,443
30$18,198$0$18,198

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