Continue to site >
Trending ETFs

Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Main Sector Rotation ETF

SECT | Active ETF

$52.10

$1.69 B

0.37%

$0.19

0.77%

Vitals

YTD Return

12.0%

1 yr return

19.9%

3 Yr Avg Return

9.5%

5 Yr Avg Return

13.4%

Net Assets

$1.69 B

Holdings in Top 10

90.8%

52 WEEK LOW AND HIGH

$51.9
$40.36
$52.10

Expenses

OPERATING FEES

Expense Ratio 0.77%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Main Sector Rotation ETF

SECT | Active ETF

$52.10

$1.69 B

0.37%

$0.19

0.77%

SECT - Profile

Distributions

  • YTD Total Return 12.0%
  • 3 Yr Annualized Total Return 9.5%
  • 5 Yr Annualized Total Return 13.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.88%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Main Sector Rotation ETF
  • Fund Family Name
    Anchor Funds
  • Inception Date
    Sep 05, 2017
  • Shares Outstanding
    24850000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    J. Richard Fredericks

Fund Description

The Fund utilizes a “fund of funds” structure to invest in sector-based equity exchange traded funds (“ETFs”). The Fund seeks to achieve its objective through dynamic sector rotation. The Fund’s adviser, Main Management ETF Advisors, LLC (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 it 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. The Fund may overweight or underweight a sector or sectors relative to the Fund’s benchmark based on valuation. The Fund may invest in securities of any market capitalization or country and denominated in any currency.

The Fund is an actively managed ETF and does not seek to replicate the performance of a specified index. In selecting investments for the Fund’s portfolio, the Adviser adheres to the investment process described below.

Assessing Market Conditions. The Adviser determines the Fund’s target sector allocations by analyzing market sectors and their underlying industries and sub-industries. The Adviser uses the Global Industry Classification Standard (“GICS”) in its sector analysis. GICS sectors include: energy, materials, industrials, consumer discretionary, consumer staples, healthcare, financials, information technology, communication services, utilities, and real estate. The Adviser analyzes economic growth forecasts, inflation trends, and other macroeconomic and capital market fundamentals over a 6-18 month time horizon. The Adviser identifies opportunities for near-term growth in value that are facilitated by events or changes within sectors that its research has identified as “undervalued.”

Identifying the Appropriate ETFs. The Adviser then seeks to identify the most appropriate U.S. sector ETFs to implement its strategic asset allocation and sector views by evaluating various factors in the respective ETFs including their respective underlying indexes and portfolio holdings, sector exposure and weightings, liquidity profiles, and tracking error.

Option Strategy. The Fund may from time to time incorporate a covered call option writing strategy. Covered call option writing is an investment strategy of writing (selling) call options against securities owned by the Fund to generate additional returns from the option premium. The Fund may also seek returns by writing (selling) secured put options. A “put option” is an option contract that gives the owner the right to sell the underlying security at a specified price (the strike price) until its expiration at a fixed date in the future. The Fund seeks to achieve risk-adjusted returns through targeted allocations by analyzing interest and currency rates, inflation trends, economic growth forecasts, and other global and capital market fundamentals. The Fund’s option strategy may also have the benefit of reducing the volatility of the Fund’s portfolio in comparison to that of broad equity market indexes.

The Fund pursues its options strategy by writing (selling) covered call or index-based options on an amount from 0% to 100% of the value of the ETF shares in the Fund’s portfolio. The Fund seeks to earn income and gains both from dividends paid on the ETFs owned by the Fund and cash premiums received from writing or “selling”:

· covered call options or index-based options on equity-based ETFs held in the Fund’s portfolio; and
· cash secured put options against cash balances in the Fund.

The Fund may not sell “naked” put or call options, i.e., equity options representing more shares of an ETF than the Fund has cash on hand and available to purchase or index options greater than the value of the underlying security. Stock index options are put options and call options on various stock indices. The primary difference between stock options and index options occurs when index options are exercised. In the case of stock options, the underlying security, common stock, is delivered. However, upon the exercise of an index option, settlement does not occur by delivery of the securities comprising the index. The option holder exercising the index option receives an amount of cash if the closing level of the stock index upon which the option is based is greater than, in the case of a call, or less than, in the case of a put, the exercise price of the option. This amount of cash is equal to the difference between the closing price of the stock index and the exercise price of the option expressed in dollars times a specified multiple. A stock index fluctuates with changes in the market value of the stocks included in the index. A call option on a security is a contract that gives the holder of the option, in return for a premium, the right, but not the obligation, to buy from the writer of the option the security underlying the option at a specified exercise or “strike” price by or before the contract’s expiration. A put option on a security is a contract that gives the holder of the option, in return for a premium, the right to sell to the writer of the option the security underlying the option at a specified exercise or “strike” price. The writer of an option on a security has the obligation upon exercise of the option to purchase the underlying security at the exercise price.

The Fund may seek investment exposure to shares of bitcoin ETFs that are registered with the SEC. Under normal circumstances, no more than 15% of the Fund’s assets may be invested directly in bitcoin ETFs.

Read More

SECT - Performance

Return Ranking - Trailing

Period SECT Return Category Return Low Category Return High Rank in Category (%)
YTD 12.0% 1.0% 30.5% 79.57%
1 Yr 19.9% -1.7% 40.0% 73.19%
3 Yr 9.5%* -8.2% 16.1% 36.10%
5 Yr 13.4%* -2.6% 109.4% 55.15%
10 Yr N/A* 1.9% 20.9% 78.39%

* Annualized

Return Ranking - Calendar

Period SECT Return Category Return Low Category Return High Rank in Category (%)
2023 20.0% -42.6% 47.4% 43.96%
2022 -13.6% -56.3% -4.2% 6.97%
2021 28.0% -27.2% 537.8% 3.46%
2020 13.5% -22.5% 2181.7% 38.96%
2019 27.0% -13.5% 40.4% 27.56%

Total Return Ranking - Trailing

Period SECT Return Category Return Low Category Return High Rank in Category (%)
YTD 12.0% 1.0% 30.5% 79.57%
1 Yr 19.9% -1.7% 40.0% 73.19%
3 Yr 9.5%* -8.2% 16.1% 36.10%
5 Yr 13.4%* -2.6% 109.4% 55.15%
10 Yr N/A* 1.9% 20.9% N/A

* Annualized

Total Return Ranking - Calendar

Period SECT Return Category Return Low Category Return High Rank in Category (%)
2023 21.1% -5.0% 47.4% 68.20%
2022 -12.8% -36.8% -2.2% 16.05%
2021 28.9% 3.0% 537.8% 19.69%
2020 15.6% -15.8% 2266.0% 58.30%
2019 28.1% -0.4% 241.3% 69.57%

SECT - Holdings

Concentration Analysis

SECT Category Low Category High SECT % Rank
Net Assets 1.69 B 2.34 M 1.55 T 46.31%
Number of Holdings 18 2 4048 98.23%
Net Assets in Top 10 1.44 B 848 K 446 B 32.58%
Weighting of Top 10 90.84% 0.3% 111.9% 1.77%

Top 10 Holdings

  1. ISHARES SP MID- 15.64%
  2. INVESCO QQQ TRUS 14.37%
  3. SPDR-COMM SERV 13.86%
  4. SPDR-TECH SEL S 10.59%
  5. V/E SEMICONDUCT 9.11%
  6. SPDR SP REG BAN 7.37%
  7. VANGUARD ENERG E 5.80%
  8. SPDR-HEALTH CARE 4.92%
  9. ISHARES CORE SP 4.65%
  10. ISHARES BIOTECHN 4.53%

Asset Allocation

Weighting Return Low Return High SECT % Rank
Stocks
99.68% 0.00% 120.26% 18.94%
Cash
0.96% 0.00% 99.06% 51.77%
Preferred Stocks
0.00% 0.00% 2.52% 88.12%
Convertible Bonds
0.00% 0.00% 5.54% 87.92%
Bonds
0.00% -0.37% 92.88% 87.96%
Other
-0.65% -13.91% 100.00% 99.60%

Stock Sector Breakdown

Weighting Return Low Return High SECT % Rank
Technology
26.82% 0.00% 48.94% 14.30%
Healthcare
21.82% 0.00% 60.70% 4.41%
Financial Services
17.15% 0.00% 55.59% 16.75%
Energy
13.06% 0.00% 41.64% 1.47%
Consumer Cyclical
6.37% 0.00% 30.33% 89.05%
Communication Services
5.55% 0.00% 27.94% 83.09%
Industrials
3.77% 0.00% 29.90% 98.28%
Consumer Defense
2.37% 0.00% 47.71% 95.42%
Real Estate
1.33% 0.00% 31.91% 78.76%
Utilities
0.95% 0.00% 20.91% 77.45%
Basic Materials
0.81% 0.00% 25.70% 91.01%

Stock Geographic Breakdown

Weighting Return Low Return High SECT % Rank
US
99.68% 0.00% 120.26% 16.45%
Non US
0.00% 0.00% 63.90% 89.97%

SECT - Expenses

Operational Fees

SECT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.77% 0.01% 19.75% 52.67%
Management Fee 0.50% 0.00% 1.90% 49.27%
12b-1 Fee 0.00% 0.00% 1.00% 18.26%
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

SECT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SECT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SECT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 268.00% 84.60%

SECT - Distributions

Dividend Yield Analysis

SECT Category Low Category High SECT % Rank
Dividend Yield 0.37% 0.00% 25.47% 69.75%

Dividend Distribution Analysis

SECT Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

SECT Category Low Category High SECT % Rank
Net Income Ratio 0.88% -54.00% 2.44% 39.10%

Capital Gain Distribution Analysis

SECT Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

SECT - Fund Manager Analysis

Managers

J. Richard Fredericks


Start Date

Tenure

Tenure Rank

Sep 05, 2017

4.74

4.7%

J. Richard Fredericks is a founding partner of Main Management, LLC. He currently serves as a Managing Director and is a member of the Investment Committee. He began his career with Dean Witter in 1970 as a securities analyst. In 1977, he joined Montgomery Securities (now Banc of America Securities) as a partner and later Senior Managing Director in Investment Research, covering the banking and financial service area. For 17 consecutive years, Mr. Fredericks was chosen by Institutional Investor Magazine as an “All-American” Research Analyst, covering the commercial banking industry. In 1995, Mr. Fredericks formally changed roles to oversee the firm’s investment banking effort for the financial industry. Mr. Fredericks served as United States Ambassador to both Switzerland and Liechtenstein from 1999 to 2001. Mr. Fredericks currently is on the Board of Directors of Janus Corporation; the Library of Congress Trust Fund Board; the Board of Directors of Cadence Bancorp LLC; member of the Board of Trustees at Loyola University of Maryland; the Advisory Board of Financial Technology Ventures; the Board of Chambers & Chambers Wine Merchants; and as a grower and Board Member for Turley Wine Cellars.

Kim Arthur


Start Date

Tenure

Tenure Rank

Sep 05, 2017

4.74

4.7%

Kim D. Arthur. Mr. Arthur is a founding partner of Main Management, LLC, Main Management Fund Advisors, LLC’s parent company. He has served as CEO of Main Management, LLC since 2002 and as CEO and portfolio manager of the Adviser since 2015. In 2009 he was recognized by Institutional Investor Magazine as a “Rising Star” of Foundations and Endowments. Mr. Arthur began his financial career in 1987 in institutional sales marketing U.S. equities to Japanese institutions. He was promoted to managing director of institutional sales, and advanced to the transitional head of International Sales for Banc of America Securities. Mr. Arthur has also led an institutional sales and trading department overseeing 60 sales traders in 6 cities, managed the equity product marketing team, and served on the Investment Policy Committee and the Executive Management Committee at Banc of America Securities.

James Concidine


Start Date

Tenure

Tenure Rank

Sep 05, 2017

4.74

4.7%

James W. Concidine is a founding partner of Main Management, LLC. He currently serves as a Managing Director of Main Management Fund Advisors, LLC and is a member of the Investment Committee. Mr. Concidine began his career in the financial services industry in 1970 as a stock broker working with retail clients from 1970-1978. When the CBOE opened in April 1973, he began to specialize in conservative covered call writing strategies, and worked in institutional sales where he was responsible for U.S. equity sales to institutional accounts in the United Kingdom. Mr. Concidine led an International Institutional Sales Team. Since 1995, he has served as Chief Investment Officer for a large San Francisco family office where his duties include manager selection and asset allocation.

Alex Varner


Start Date

Tenure

Tenure Rank

Dec 31, 2021

0.41

0.4%

Alex Varner joined Main Management full-time in July of 2012. He serves as Director of Research where his focus includes generating a variety of analytical reports for the firm’s Investment Committee. He interned with Main during the summer of 2011 while working towards his MBA from UNC’s Kenan-Flagler Business School, with a concentration in Investment Management, which was attained in May 2012. He grew up in San Rafael, California and received a Bachelor of Arts degree from Davidson College. Prior to business school Alex worked as a paralegal in capital markets at Hunton & Williams,

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.26 2.42