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
$ 226.4 M
ASSETS UNDER MGMT
164 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
| MICRON TECHNOLOGY INC | 5.3 % |
| PALO ALTO NETWORKS INC | 3.5 % |
| VICOR CORP | 3.2 % |
| AAON INC | 2.4 % |
| CROWDSTRIKE HOLDINGS, INC. CLASS A | 2.3 % |
| LUMENTUM HOLDINGS INC | 2.2 % |
| FORTINET INC | 2.2 % |
| ADVANCED MICRO DEVICES | 2.1 % |
| CLEAR SECURE, INC. CLASS A | 2.1 % |
| KEYSIGHT TECHNOLOGIES INC | 2.0 % |
Constituent Breakdown
| Number of holdings | 88 |
| Herfindahl-Hirschman Index | 168 |
| Wgt avg mkt cap (mns) | $147,766 |
| Large cap (>$10bn) | 74.6% |
| Mid cap ($2-10bn) | 23.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 95.6% |
| Emerging mkts. | 2.4% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 86.9 % |
 |
CANADA | 5.2 % |
 |
IRELAND | 1.8 % |
 |
CHILE | 1.3 % |
 |
TAIWAN | 1.1 % |
 |
CAYMAN ISLANDS | 0.8 % |
 |
SWITZERLAND | 0.5 % |
 |
ISRAEL | 0.5 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 25.7% | 34.6% | 35.2% | 28.4% | 5.5% | -- | -- | 4.5% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | -- | -- | 0.1% |
| Total Returns | 25.7% | 34.6% | 35.2% | 28.4% | 5.6% | -- | -- | 4.6% | Ann. Volatility | 27.3% | 26.0% | 30.9% | 28.5% | 30.9% | -- | -- | 30.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.70 | 65% |
| MSCI EAFE | 1.00 | 35% |
| MSCI Emg Mkts | 0.83 | 52% |
Liquidity Measures
| Avg. volume (000) | 15 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.13% |
Technical Indicators
| 30d moving avg. (EMA) | $29.34 |
| Relative strength (RSI) | 49 |
| MACD/Signal | -0.14/0.11 |
| Bollinger Bands (Upper/Lower) | $31.36/$28.21 |
| 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 |
|---|---|---|---|---|
| RSPT | Invesco S&P 500 Equal Weight Technology ETF | 23.2% | -124 bp | +5.8% |
| TRFK | Pacer Data and Digital Revolution ETF | 22.9% | -104 bp | +3.7% |
| WTAI | WisdomTree Artificial Intelligence and Innovation Fund | 22.6% | -119 bp | +3.9% |
| SGRT | SMART Earnings Growth 30 ETF | 21.0% | -105 bp | +4.4% |
| AIS | VistaShares Artificial Intelligence Supercycle ETF | 20.9% | -89 bp | +2.9% |
| AMOM | Qraft AI-Enhanced U.S. Large Cap Momentum ETF | 20.9% | -89 bp | +4.3% |
| QTEC | First Trust NASDAQ-100 Technology Sector Index Fund | 20.7% | -107 bp | +4.5% |
| TCAI | Tortoise AI Infrastructure ETF | 20.5% | -99 bp | +3.6% |
| PWB | Invesco Large Cap Growth ETF | 20.4% | -108 bp | +4.3% |
| USMD | CoreValues America First Technology ETF | 19.7% | -77 bp | +3.3% |
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 7/21/2026
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
-1.3%
ALTAR SCORE™
1st
PERCENTILE
AVOID
ETFRC RATING
There are 734 funds in the Global Equity category with an average
ALTAR Score™ of 4.5% and a standard deviation
of 2.7%. TMAT's ALTAR Score™ is approximately -2.2 standard
deviations above the category average. This places TMAT in the 1st percentile
among funds in the category.
Sell-Side Consensus
$29.96
PRICE TARGET
+5.8%
UPSIDE