AESR — Anfield U.s. Equity Sector Rotation ETF
Data updated: 2026-09-23
AESR — Anfield U.s. Equity Sector Rotation ETF. 0.97% expense ratio · since 2019 · United States Real Estate. Holdings, fees, performance and SEC filings.
AESR Fund Overview
AESR — Anfield U.s. Equity Sector Rotation ETF is a US ETF managed by Horizon Funds, categorised as United States Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Horizon Funds
- Category: United States Real Estate
- Assets under management: $242.93M
- Ticker: AESR
- SEC CIK: 0001643174
- SEC series ID: S000101853
- Share class ID: C000272170
AESR Investment Objective and Strategy
Anfield U.s. Equity Sector Rotation ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Horizon Funds.
Investment objective
Anfield U.S. Equity Sector Rotation ETF (the “U.S. Equity Sector Fund” or the “Fund”) seeks to provide total capital appreciation.
Principal investment strategy
The Fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing, under normal circumstances, not less than 80% of the value of its net assets (plus the amount of borrowings for investment purposes) in the equity securities of U.S. companies. For purposes of the Fund’s 80% policy, the Fund defines U.S. equity securities as common stocks and preferred stocks of issuers of any market capitalization, convertible debt securities, American Depositary Receipts, real estate investment trusts, derivative instruments related thereto (which may include futures, options, or other derivative instruments), and shares of other investment companies, such as ETFs and mutual funds, that invest primarily in U.S. equity securities (“Underlying Funds”). The Adviser applies a macroeconomic and asset cycle investing methodology, combining top-down analysis of macroeconomic conditions with proprietary forecasting tools to assess sector rankings and guide periodic portfolio adjustments.
Portfolio rebalancing may occur quarterly or at other intervals in response to material changes in economic or market conditions. The Fund’s portfolio generally consists of equity securities of large-cap issuers representing sectors included in the S&P 500 Index, but investments may be made in any sector or industry and in issuers of any market capitalization. Sector and issuer weightings are determined based on the Adviser’s assessment of market and sector outlooks and depending on market conditions, the Fund may at times focus its investments in particular sectors or areas of the economy. Security selection is based on annual reviews of the investment universe, evaluating economic, political, and market conditions, and is supplemented by ongoing monitoring for significant developments. Allocations may be increased to sectors and issuers assessed to have higher potential for return during periods of relative economic strength, while exposures may be reduced o
AESR Holdings
Top 10 holdings of Anfield U.s. Equity Sector Rotation ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| ARK Next Generation Internet E | 16.80% |
| iShares Semiconductor ETF | 16.12% |
| State Street SPDR S&P 500 ETF | 15.57% |
| iShares U.S. Pharmaceuticals E | 10.37% |
| iShares U.S. Financial Service | 7.01% |
| Invesco KBW Bank ETF | 5.97% |
| State Street Industrial Select | 5.44% |
| State Street SPDR S&P Insuranc | 2.86% |
| State Street Consumer Staples | 1.89% |
| State Street SPDR S&P Homebuil | 1.46% |
AESR Portfolio Allocation
Asset-class allocation of Anfield U.s. Equity Sector Rotation ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.6% |
| Cash & Equivalents | 0.5% |
AESR Performance
Total returns for AESR (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.03% |
AESR Costs and Fees
AESR costs about $97 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.97%
- Gross expense ratio: 0.97%
- Portfolio turnover: 106%
AESR Cashflows
Over the 12 months to 2026-07, Anfield U.s. Equity Sector Rotation ETF had net outflows of $167.86M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | −$246.94M |
| 2026-06 | $79.58M |
| 2026-05 | −$497.46K |
AESR Debt Constituents
No individual debt constituents are reported in Anfield U.s. Equity Sector Rotation ETF's latest SEC N-PORT filing.
AESR Prospectus and SEC Filings
Official Anfield U.s. Equity Sector Rotation ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Real Estate funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.