AESR vs AVLC

AESRDAnfield U.S. Equity Sector Rotation ETF

AVLCAAvantis U.S. Large Cap Equity ETF

In short

AESR A 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.

AVLC Active management with index-fund manners: roughly 900 U.S. large caps, with the dial turned toward cheaper, more profitable companies. Avantis charges 0.15% a year to do it.

Stated mandate

AESR 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.

AVLC The fund seeks long-term capital appreciation. It invests broadly in U.S. large-capitalization companies while using active decisions to overweight lower valuations and higher profitability.

Why people hold it

• AESR 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.

• AVLC 0.15% a year against a 0.65% median for active U.S. equity funds. That is passive-style pricing on an actively run book.
• Holds about 900 names against the Russell 1000, so the value and profitability tilts sit on top of broad market exposure instead of a concentrated bet.avantisinvestors.com
• One of the stronger builds in the active U.S. equity group, priced in the same neighborhood as the Dimensional core funds (DFAU, DFAC) it competes with.
• A multi-billion-dollar fund that trades steadily, so spreads and liquidity are rarely the sticking point. Distributions are paid quarterly.

Worth knowing

• AESR 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

• AVLC Launched in 2023. The tilt philosophy is well worn at Avantis, but this fund's own live record is still short.
• Active, not index-tracking. The Russell 1000 is a reference point, not a leash, so holdings and weights can drift from it.
• Leaning toward cheaper, higher-profitability companies means stretches where it moves differently from the plain cap-weighted market, in either direction.avantisinvestors.com

Full AESR profile⁠

Full AVLC profile⁠