ETF Evaluator:
Main Sector Rotation ETF ()
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(as of Aug 26)
Best Performing in Large Blend Over the Last Year
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ETF Details
Main Sector Rotation ETF Overview
Main Sector Rotation ETF (SECT) is an actively managed U.S. Equity Large Blend exchange-traded fund (ETF). Main Management ETFs launched the ETF in 2017.
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 ETFs. It seeks to achieve its objective through dynamic sector rotation. The Adviser focuses its research primarily on sector selection by carefully reviewing the sectors, industries, and sub-industries in the fund's portfolio. The Adviser chooses sectors the believes are undervalued and poised to respond favorably to financial market catalysts. The fund sells a security when it achieves its target price and is, in the opinion of the Adviser, no longer undervalued.
About Main Sector Rotation ETF (SECT)
There are 5 members of the management team with an average tenure of 6.58 years: Kim Arthur (2017), James Concidine (2017), J. Richard Fredericks (2017), Alex Varner (2021) and Darol Ryan (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Main Sector Rotation ETF has 11 securities in its portfolio. The top 10 holdings constitute 100.0% 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 Sector Rotation ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Main Sector Rotation ETF has 1.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.3% There is 1.1% 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 Sector Rotation ETF has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $2 billion 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.
SECT 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 Sector Rotation ETF expense ratio is above average compared to funds in the Large Blend category. Main Sector Rotation ETF has an expense ratio of 0.69%, which is 67% 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 Sector Rotation ETF has a portfolio turnover rate of 23%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.
Recently, in the month of July 2026, Main Sector Rotation ETF returned -2.7%, which earned it a grade of F, as the Large Blend category had an average return of -0.8%. 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 Sector Rotation ETF has a trailing yield of 0.74%, which is below the 1.16% category average.
The fund normally distributes its income quarterly.
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.
Main Sector Rotation ETF Grades
Year to date, the ETF has returned 9.2%, 0.3 percentage points worse than the category, which translates into a grade of D. The fund has returned 20.1% over the past year (grade of B), 17.0% over the past three years (grade of D) and 11.9% per year over the past five years (grade of C).
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SECT Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SECT Return (NAV) | -2.7% | 5.2% | 20.1% | 17.0% | 11.9% | na |
| SECT Return (Price) | -2.6% | 5.3% | 20.3% | 17.0% | 11.9% | na |
| NAV +/- Price Return | -0.123% | -0.092% | -0.154% | -0.034% | 0.002% | na |
| Large Blend Avg | -0.8% | 3.7% | 17.5% | 17.4% | 11.2% | 13.6% |
| SECT Grade (NAV) | F | B | B | D | C | na |
| +/- Category (NAV) | -1.9% | 1.5% | 2.6% | -0.5% | 0.8% | na |
| SECT Tax-Cost Ratio | na | na | 0.3% | 0.2% | 0.3% | na |
SECT Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SECT Return (NAV) | 9.2% | 17.9% | 18.5% | 21.0% | -12.7% | 28.9% | 15.4% | 27.9% | -9.3% | na | na |
| SECT Return (Price) | 9.3% | 17.8% | 18.6% | 21.1% | -12.8% | 28.9% | 15.6% | 28.1% | -9.7% | na | na |
| NAV +/- Price Ret | 0.005% | -0.006% | 0.007% | 0.003% | 0.008% | -0.001% | 0.019% | 0.8% | 4.2% | na | na |
| Large Blend Avg | 9.5% | 15.3% | 21.9% | 22.9% | -17.1% | 26.9% | 18.3% | 29.6% | -5.1% | 21.5% | 11.4% |
| SECT Grade (NAV) | D | B | D | D | A | B | D | D | F | na | na |
| +/- Category | -0.3% | 2.6% | -3.4% | -1.8% | 4.4% | 2.0% | -3.0% | -1.8% | -4.2% | na | na |
| Risk Measures | |
| Beta: | 1.05 |
| R-Squared: | 93% |
| Standard Deviation: | 14.2% |
| Category Risk Index: | 1.05 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 1.15 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 0.7% |
| Total Assets: | $ 2,777 Mil |
| Share Class Assets: | $ 2,777 Mil |
| Turnover: | 23.0% |
| Expense Ratio: | 0.69% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 8.9 years | |||
| Average Tenure: 6.6 years | |||
| Managers (Year): Arthur Kim (2017), Concidine James (2017), Fredericks J. Richard (2017), Varner Alex (2021), Ryan Darol (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 11 |
| % in Top 10 Holdings: | 100.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.1% |
Portfolio Allocation |
|
| Domestic Stock: | 98.3% |
| Foreign Stock: | 1.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Main Management ETFs |
| Phone Number: | 866-383-9778 |
| Website: | |
| Inception Date: | September 5, 2017 |
Expenses and Fees
| Expense Ratio (%): | 0.69% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.41% |
