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Launched · SEC filings

Main Sector Rotation ETF

SECTCboeMain ManagementC

$70.10−0.48 (−0.67%)

At close: Nov 2, 2026, 4:00 PM ET

C52/ 100

Rank 57 of 126 in US Active Equity

C52/100Rank 57 of 126inUS Active Equity
Intraday session: down, 78 prints from 70.58 to 70.10. Range 70.10 to 71.27. Use the arrow keys to read each point.70.2570.7571.0071.2510 AM12 PM2 PM4 PM
Expense ratio
0.69%*
Fund size
$2.86B
1Y total return
+10.4%
Yield · Last 12 months
0.70%
Holdings
11
Avg volume · 30D
117K sh
52W range
low $58.39high $73.68
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Mar 31, 2027. Without it: 0.73%.

The ETF.net SECT Grade

Based on 5 of 6 pillars

C

Score 52 out of 100

Category
US Active Equity⁠
Rank
57 of 126
Six-pillar profile for SECT. Scores out of 100: Cost 47, Risk 40, Mission not scored, Tradability 82, Holdings 28, Durability 85. Strongest: Durability (85). Weakest: Holdings (28). Based on 5 of 6 pillars.

Score 52 of 100 falls in the C 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.
    C47 out of 100
    Rank 64 of 126

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C40 out of 100
    Rank 89 of 126

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A82 out of 100
    Rank 14 of 126

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D28 out of 100
    Rank 115 of 124

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A85 out of 100
    Rank 14 of 126

Our read on SECT

ETF.net Research

In short

CRather than picking stocks, SECT rents whole sectors through sector ETFs, tilting toward the ones its managers judge undervalued. The stated aim: outperform the S&P 500 in rising markets while limiting losses when markets decline.

Stated mandate

The Fund seeks to outperform the S&P 500 during rising markets while limiting losses when markets decline.

Why people hold it

  • One of the longer-running active sector-rotation ETFs, trading since 2017, with a record that spans the 2020 crash and the 2022 bear market.sec.gov
  • 0.69% net of a waiver through March 31, 2027 (0.73% gross), and that cap covers the underlying sector ETFs' fees too, so fund-of-funds costs don't quietly stack on top.sec.gov
  • A multi-billion-dollar fund that trades at moderate volume, so entering and exiting is rarely the hard part for retail-size orders. Pays quarterly.

Worth knowing

  • The fee sits near the typical active US equity fund, but well above index-style peers in the group such as DFAU (0.12%) and AVLC (0.15%).
  • Results ride on a short list of sector calls, so the portfolio can look very different from the S&P 500 in either direction.sec.gov
  • The prospectus notes higher portfolio turnover can mean higher transaction costs and bigger tax bills for shares held in a taxable account.sec.gov

SECT Performance

Launched Sep 5, 2017

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.
SECT$11,040
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. SECT $11,040. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000Oct 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 SECT. Periods over one year show the average yearly return.
PeriodSECT
Year to date+10.0%
1 month−1.4%
3 months+0.7%
1 year+10.4%
3 yearsper year+20.6%
5 yearsper year+11.0%
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 SECT
YearReturn barSECT
2026 YTD+10.0%
2025+17.8%
2024+18.6%
2023+21.1%
2022−12.8%
2021+28.9%
2020+15.6%

SECT in the news

SECT 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.
0.70%Last 12 months
Payout per share
$0.49Last 12 months
Last payment
$0.08 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 32 payments from 2017 to 2026 YTD. Oct 4, 2017 $0.05; Dec 26, 2017 $0.09; Jun 20, 2018 $0.09; Sep 26, 2018 $0.06; Dec 26, 2018 $0.24; Mar 27, 2019 $0.06; Jun 26, 2019 $0.09; Sep 25, 2019 $0.05; Dec 23, 2019 $0.05; Mar 25, 2020 $0.21; Jun 24, 2020 $0.24; Sep 23, 2020 $0.04; Mar 25, 2021 $0.10; Jun 24, 2021 $0.08; Sep 23, 2021 $0.03; Dec 22, 2021 $0.06; Mar 24, 2022 $0.06; Jun 23, 2022 $0.10; Sep 22, 2022 $0.05; Dec 22, 2022 $0.12; Mar 23, 2023 $0.06; Jun 22, 2023 $0.12; Sep 21, 2023 $0.08; Dec 21, 2023 $0.14; Mar 21, 2024 $0.05; Sep 19, 2024 $0.0074; Dec 19, 2024 $0.19; Sep 23, 2025 $0.10; Dec 23, 2025 $0.10; Mar 26, 2026 $0.22; Jun 25, 2026 $0.09; Sep 24, 2026 $0.08. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 24, 2026Sep 29, 2026$0.08
Jun 25, 2026Jun 30, 2026$0.09
Mar 26, 2026Mar 31, 2026$0.22
Dec 23, 2025Dec 29, 2025$0.10
Sep 23, 2025Sep 29, 2025$0.10
Dec 19, 2024Dec 24, 2024$0.19
Sep 19, 2024Sep 24, 2024$0.0074
Mar 21, 2024Mar 27, 2024$0.05
Dec 21, 2023Jan 3, 2024$0.14
Sep 21, 2023Oct 3, 2023$0.08
Jun 22, 2023Jul 5, 2023$0.12
Mar 23, 2023Apr 4, 2023$0.06

See all 33 payments⁠

$10,000 in SECT 5 years ago paid $366 in dividends.⁠

SECT Risk

Risk pillarC40 out of 100Rank 89 of 126 in US Active Equity
How much the fund’s monthly returns vary, scaled to a year.
13.6%
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.
1.13
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.
−21.7%
Trough Apr 2025
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.
0.97
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.

SECT Cost

Compare SECT and TACU

Overpaying vs TACU, cheapest in US Active Equity

$13,429

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

  • SECT 0.69%

    $13,429

  • TACU 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • SECT 0.69%
  • 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$15K051015202530SECT $13,429TACU $0

Year by year

YearSECTTACUOverpaying
10$1,232$0$1,232
20$4,697$0$4,697
30$13,429$0$13,429
How the 0.69% is worked out

Full fee 0.73%− waiver 0.04%= you pay 0.69%

The waiver ends Mar 31, 2027. After that the fee is 0.73% unless Main Management renews it. Source: prospectus, Apr 2026.

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