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SECTMain Sector Rotation ETF

Get incomeDiversifier8y track recordRanked #26 of 240 in this goal

Seeks to outperform the S&P 500 in rising markets while limiting losses during periods of decline.

By Main Management ETFs · Launched 2017

Annual Cost

0.69%

#3,463 of 5,562 · average

Fund Size

$2.8B

#611 of 5,562 · large

Dividend YieldGoal

0.60%

Track Record

8 years

#1,606 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$13,010+30.1%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

Global

Strategy

Option income

What it actually holds

By weight

Concentration

Top 10 holdings = 100.0% of fund✓ diversified through underlying funds

Select Sector Spdr Trust
32.2%
Select Sector Spdr Trust
17.9%
Select Sector Spdr Trust
16.3%
Select Sector Spdr Trust
15.2%
Select Sector Spdr Trust
10.2%
Select Sector Spdr Trust
3.2%
iShares Trust
2.7%
VanEck ETF Trust
1.1%
iShares Trust
0.8%
State Street Institutional Investment Trust
0.4%

Asset allocation

Stocks
99.4%
Cash
0.6%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
13.8%Moderate

Year-on-year price swings

Max drawdown
-38.1%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.93Decent risk-adjusted returns
Sortino (3Y)
1.35Good downside protection

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to outperform the S&P 500 in rising markets while limiting losses during periods of decline.
Strategy
Utilizes a fund of funds structure to invest in sector-based equity ETFs through dynamic sector rotation. The adviser selects undervalued sectors and may employ covered call options to enhance returns.
Inception date
September 5, 2017
Fund family
Main Management ETFs

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

Covered call ETF — yield ≠ total return

The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.

Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Why we flagged this: strategy=option_income + option_income_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19