# Main Management Fund Advisors, LLC

> Main Management Fund Advisors, LLC is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2015, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 4, 2026.

- CRD: 281689
- Filed as: MAIN MANAGEMENT FUND ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: September 4, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/281689
- AdvisorCensus page: https://advisorcensus.com/firm/main-management-fund-advisors-llc-san-francisco-ca-281689

## Quick answers

**How is Main Management Fund Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Main Management Fund Advisors, LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Main Management Fund Advisors, LLC located?**
Main Management Fund Advisors, LLC's principal office is in San Francisco, CA, according to its Form ADV.

**Is Main Management Fund Advisors, LLC registered with the SEC or a state?**
Main Management Fund Advisors, LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 281689.

**How much does Main Management Fund Advisors, LLC manage?**
Main Management Fund Advisors, LLC reports $1,011,255,965 in regulatory assets under management in its Form ADV filing dated September 4, 2026 (100% discretionary).

**How have Main Management Fund Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Main Management Fund Advisors, LLC: Regulatory assets under management: $60,303,012 in the October 2021 data and $1,011,255,965 in the October 2026 data, up 1577%. Total employees: 15 in October 2021 and 27 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Main Management Fund Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: investment companies (1).

**Does Main Management Fund Advisors, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/281689

**What changed in Main Management Fund Advisors, LLC's recent Form ADV filings?**
In the October 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Regulatory assets under management (Item 5.F)
- Total: $1,011,255,965
- Discretionary: $1,011,255,965
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | $1,011,255,965 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)

### Firm details
- Registered since: 2015 (10 years)
- Employees: 27 total, 25 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- mainmgtetfs.com/buyw

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $60,303,012 | 15 | March 29, 2021 |
| October 2022 | $135,015,222 | 18 | March 31, 2022 |
| October 2023 | $161,964,799 | 18 | March 30, 2023 |
| October 2024 | $370,451,185 | 19 | September 25, 2024 |
| October 2025 | $582,146,050 | 22 | March 31, 2025 |
| October 2026 | $1,011,255,965 | 27 | September 4, 2026 |

Regulatory assets under management: $60,303,012 in the October 2021 data and $1,011,255,965 in the October 2026 data, up 1577%.
Total employees: 15 in October 2021 and 27 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Updated its list of owners and control persons (Schedule A).

### September 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 20 to 25.
- Regulatory assets under management went from $582,146,050 to $1,011,255,965 (+74%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Main Management Fund Advisors, LLC (CRD 281689): Form ADV filing data as of October 2026.