ETF Evaluator:
Main Active Rotation ETF (SECA)
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(as of Oct 13)
Best Performing in Large Blend Over the Last Year
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Risk
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ETF Details
Main Active Rotation ETF Overview
Main Active Rotation ETF (SECA) is an actively managed U.S. Equity Large Blend exchange-traded fund (ETF). Main Management ETFs launched the ETF in 2026.
The investment seeks to outperform the S&P 500 in rising markets while limiting losses during periods of decline.
The fund utilizes a “fund of funds” structure to invest in sector-based equity exchange-traded funds (“ETFs”) and equity securities. The fund’s adviser focuses its research primarily on sector/stock selection for sector-based equity ETFs and equity securities by carefully reviewing the sectors, industries, and sub-industries in the fund’s portfolio. It may invest in securities of any market capitalization or country and denominated in any currency.
About Main Active Rotation ETF (SECA)
There are 5 members of the management team with an average tenure of 0.03 years: Kim Arthur (2026), James Concidine (2026), J. Richard Fredericks (2026), Alex Varner (2026) and Darol Ryan (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Main Active Rotation ETF has 611 securities in its portfolio. The top 10 holdings constitute 48.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Main Active Rotation ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Main Active Rotation ETF has 2.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.9% There is 2.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Main Active Rotation ETF has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $442 million in total assets, which is below the $13 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SECA Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Main Active Rotation ETF expense ratio is above average compared to funds in the Large Blend category. Main Active Rotation ETF has an expense ratio of 0.69%, which is 65% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Main Active Rotation ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 152% for the Large Blend category.
Recently, in the month of September 2026, Main Active Rotation ETF returned 0.0%, which earned it a grade of NA, as the Large Blend category had an average return of -1.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Main Active Rotation ETF has a trailing yield of 0.00%, which is below the 1.39% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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SECA Trailing NAV Total Returns Data as of 9/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SECA Return (NAV) | na | na | na | na | na | na |
| SECA Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Large Blend Avg | -1.2% | 0.5% | 12.9% | 20.4% | 11.9% | 13.8% |
| SECA Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| SECA Tax-Cost Ratio | na | na | na | na | na | na |
SECA Annual NAV Total ReturnsData as of 9/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SECA Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| SECA Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Large Blend Avg | 10.9% | 15.4% | 22.0% | 22.9% | -17.0% | 26.8% | 18.3% | 29.7% | -5.2% | 21.6% | 11.5% |
| SECA Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 443 Mil |
| Share Class Assets: | $ 443 Mil |
| Turnover: | na |
| Expense Ratio: | 0.69% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 0.0 years | |||
| Average Tenure: 0.0 years | |||
| Managers (Year): Arthur Kim (2026), Concidine James (2026), Fredericks J. Richard (2026), Varner Alex (2026), Ryan Darol (2026) | |||
Portfolio Composition (as of 9/30/26)
| # of Holdings: | 611 |
| % in Top 10 Holdings: | 48.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.3% |
Portfolio Allocation |
|
| Domestic Stock: | 96.9% |
| Foreign Stock: | 2.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 0.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Main Management ETFs |
| Phone Number: | 866-383-9778 |
| Website: | |
| Inception Date: | September 18, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.69% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.42% |
