Main Thematic Innovation ETF
TMAT - ETF AI Analysis
Top Page
Main Thematic Innovation ETF (TMAT)
TMAT’s rating reflects a mix of innovative, fast-growing tech names that provide strong upside potential but also come with valuation and profitability risks. Key holdings like Micron (MU), AMD, and Palo Alto Networks (PANW) support the fund’s quality through solid financial performance, growth in AI-related markets, and positive earnings commentary. However, weaker positions such as Rubrik (RBRK) and Varonis (VRNS), which face profitability challenges, overbought or bearish technical signals, and valuation concerns, highlight the main risk: exposure to high-growth, higher-risk technology and innovation stocks that can be more volatile.
TMAT vs. SPDR S&P 500 ETF (SPY)
- AUM
- 229.50M
- Region
- Global
- Expense Ratio
- 0.79%
- Beta
- 1.58
- Issuer
- Main Funds
- Inception Date
- Jan 29, 2021
- Dividend Yield
- 0.02%
- Asset Class
- Equity
- Index Tracked
- No Underlying Index
TMAT Summary
The Main Thematic Innovation ETF (TMAT) is an actively managed fund that invests in companies tied to big future trends instead of tracking a traditional index. It focuses on themes like artificial intelligence, cybersecurity, robotics, renewable energy, and biotechnology, with most holdings in U.S. technology and industrial stocks. Well-known companies in the fund include Palo Alto Networks and Micron. Someone might invest in TMAT to seek long-term growth by backing innovative businesses across several cutting-edge areas. A key risk is that it is heavily tilted toward tech and other fast-changing sectors, so its price can be quite volatile and may drop sharply at times.
How much will it cost me?
TMAT has an annual expense ratio of 0.79%, which means you’ll pay about $7.90 per year for every $1,000 invested. This cost is higher than the average ETF because TMAT is actively managed and focuses on specialized thematic innovation strategies, which typically charge more for research and stock selection.
What would affect this ETF?
TMAT could benefit if global demand for innovative technologies like AI, cybersecurity, and advanced chips grows, supporting its heavy exposure to technology and industrial companies across multiple countries. On the downside, rising interest rates, tighter regulations on tech and healthcare, or an economic slowdown that hurts growth-focused and higher-cost funds could weigh on the ETF’s future performance.
TMAT Top 10 Holdings
TMAT is leaning heavily into innovative tech, with cybersecurity names like Palo Alto Networks and Fortinet providing a steady backbone despite some recent wobbling. The real spark comes from newer growth stories such as Rubrik and Hinge Health, which have been rising and giving the fund a shot of momentum, even if their profitability is still a work in progress. Chip players like Micron and AMD add an AI-fueled engine but have seen mixed, sometimes lagging, short-term moves. Overall, it’s a globally focused, tech-centric ETF where a handful of high-octane innovators drive the narrative.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 PANW | Palo Alto Networks | 4.65% | $10.97M | $273.85B | 53.62% | 73Outperform |
 MU | Micron | 4.31% | $10.17M | $917.92B | 226.03% | 79Outperform |
 HNGE | Hinge Health, Inc. Class A | 3.53% | $8.33M | $9.49B | 185.83% | 70Outperform |
 RBRK | Rubrik, Inc. Class A | 2.90% | $6.84M | $22.65B | 49.26% | 50Neutral |
 YOU | Clear Secure | 2.52% | $5.95M | $7.28B | 48.90% | 77Outperform |
 BSY | Bentley Systems | 2.44% | $5.75M | $13.43B | -0.43% | 71Outperform |
 VRNS | Varonis Systems | 2.23% | $5.27M | $5.65B | 38.11% | 48Neutral |
 AMD | Advanced Micro Devices | 2.47% | $5.83M | $906.80B | 126.08% | 73Outperform |
 FTNT | Fortinet | 2.16% | $5.08M | $94.12B | 57.71% | 71Outperform |
 ADSK | Autodesk | 1.85% | $4.35M | $54.34B | -14.01% | 74Outperform |
TMAT Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For TMAT, the sentiment is Neutral. The current price of 26.42 is below the 20-day moving average (MA) of 27.13, below the 50-day MA of 28.35, and below the 200-day MA of 27.37, indicating a bearish trend. The MACD of -0.82 indicates Positive momentum. The RSI at 45.94 is Neutral, neither overbought nor oversold. The STOCH value of 52.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TMAT.
TMAT Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| TMAT | $26.42 | $30.00(13.55% Upside) | $229.50M | 0.79% | 67Neutral |
 ILDR | $35.87 | $50.32(40.28% Upside) | $326.27M | 0.75% | 67Neutral |
 YNOT | $29.12 | $39.94(37.19% Upside) | $190.54M | 0.75% | 61Neutral |
 NBDS | $38.38 | $52.71(37.34% Upside) | $166.88M | 0.40% | 67Neutral |
 SPRX | $35.25 | $55.47(57.37% Upside) | $159.08M | 0.75% | 65Neutral |
 FITZ | $26.25 | $31.42(19.69% Upside) | $110.19M | 0.75% | 69Neutral |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TMAT | Main Thematic Innovation ETF | 26.42 | 0.88 | 3.43% | |
| ILDR | First Trust Innovation Leaders ETF | 35.87 | 2.97 | 9.03% | |
| YNOT | Horizon Digital Frontier ETF | 29.11 | 0.94 | 3.33% | |
| NBDS | Neuberger Berman Disrupters ETF | 38.38 | 2.72 | 7.63% | |
| SPRX | Spear Alpha ETF | 35.25 | -1.97 | -5.29% | |
| FITZ | Fitz-Gerald Must Have Portfolio ETF | 26.25 | 1.00 | 3.95% |
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.