TMAT
Main Thematic Innovation ETF
TMAT is a fund-of-funds that rotates exposure to theme-based ETFs, selected by a committee.
Global
EQUITY
Active
MANAGEMENT STYLE
$ 212.5 M
ASSETS UNDER MGMT
82 bp
EXPENSES
Fund Basics
| Inception date | Jan 29, 2021 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| PALO ALTO NETWORKS INC | 5.0 % |
| MICRON TECHNOLOGY INC | 4.6 % |
| HINGE HEALTH INC-A | 3.2 % |
| RUBRIK INC-A | 3.2 % |
| LUMENTUM HOLDINGS INC | 2.5 % |
| FORTINET INC | 2.2 % |
| ADVANCED MICRO DEVICES | 2.2 % |
| BENTLEY SYSTEMS, INCORPORATED CLASS B | 2.2 % |
| VARONIS SYSTEMS INC | 2.2 % |
| CLEAR SECURE, INC. CLASS A | 2.1 % |
Constituent Breakdown
| Number of holdings | 85 |
| Herfindahl-Hirschman Index | 180 |
| Wgt avg mkt cap (mns) | $151,647 |
| Large cap (>$10bn) | 65.2% |
| Mid cap ($2-10bn) | 32.4% |
| Small cap (<$2bn) | 0.7% |
| Developed mkts. | 97.4% |
| Emerging mkts. | 1.1% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 89.8 % |
 |
CANADA | 4.8 % |
 |
IRELAND | 1.2 % |
 |
TAIWAN | 1.0 % |
 |
SWITZERLAND | 0.7 % |
 |
ISRAEL | 0.6 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 19.2% | 10.2% | 29.5% | 30.0% | 6.4% | -- | -- | 3.4% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | -- | -- | 0.1% |
| Total Returns | 19.2% | 10.2% | 29.5% | 30.0% | 6.5% | -- | -- | 3.5% | Ann. Volatility | 27.9% | 28.2% | 30.8% | 28.9% | 31.3% | -- | -- | 30.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.72 | 62% |
| MSCI EAFE | 1.08 | 37% |
| MSCI Emg Mkts | 0.84 | 57% |
Liquidity Measures
| Avg. volume (000) | 26 |
| ADV traded (mns) | $1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.11% |
Technical Indicators
| 30d moving avg. (EMA) | $28.40 |
| Relative strength (RSI) | 44 |
| MACD/Signal | -0.50/-0.36 |
| Bollinger Bands (Upper/Lower) | $30.61/$26.08 |
| Short interest (% of AUM) | 0.1% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. TMAT |
Expenses vs. TMAT |
ALTAR Score™ vs. TMAT |
|---|---|---|---|---|
| WTAI | WisdomTree Artificial Intelligence and Innovation Fund | 19.9% | -37 bp | +3.9% |
| IQM | Franklin Intelligent Machines ETF | 19.5% | -32 bp | +1.5% |
| AIED | Defiance LLM Catalyst Momentum ETF | 19.5% | -7 bp | +1.7% |
| QQQG | Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF | 19.4% | -33 bp | +2.3% |
| RSPT | Invesco S&P 500 Equal Weight Technology ETF | 19.4% | -42 bp | +3.9% |
| USMD | CoreValues America First Technology ETF | 18.9% | +5 bp | +0.5% |
| SGRT | SMART Earnings Growth 30 ETF | 18.8% | -23 bp | +2.2% |
| MTUM | iShares MSCI USA Momentum Factor ETF | 18.7% | -67 bp | +18.7% |
| PWB | Invesco Large Cap Growth ETF | 18.6% | -27 bp | +1.6% |
| HACK | ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund | 18.3% | -22 bp | +0.7% |
Risk and Returns: TMAT vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
2.3%
ALTAR SCORE™
17th
PERCENTILE
AVOID
ETFRC RATING
There are 746 funds in the Global Equity category with an average
ALTAR Score™ of 4.8% and a standard deviation
of 2.6%. TMAT's ALTAR Score™ is approximately -0.9 standard
deviations above the category average. This places TMAT in the 17th percentile
among funds in the category.
Sell-Side Consensus
$34.86
PRICE TARGET
+44.9%
UPSIDE