Main Thematic Innovation ETF
$29.54−0.12 (−0.40%)
- 0.79%
- $271M
- +8.5%
- 0.02%
- 0M sh
- $30.99
- low $22.26high $31.46
The ETF.net TMAT Grade
D
Score 35 out of 100
- 27 of 31
Score 35 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F8 out of 100Rank 28 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D35 out of 100Rank 24 of 31Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B56 out of 100Rank 12 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A72 out of 100Rank 8 of 31Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B57 out of 100Rank 13 of 31
Our read on TMAT
DMost innovation ETFs pick a theme and ride it. TMAT hires a manager instead: it rotates among theme-based equity ETFs, chasing upside in rising markets while trying to cushion declines, with the global MSCI ACWI as its yardstick.
The Fund seeks to outperform the MSCI ACWI Index in rising markets while limiting losses during declines. It pursues this through dynamic rotation among theme-based equity ETFs.
Why people hold it
- One ticket, many themes. Rather than locking into a single story, it moves among theme-based equity ETFs, so the manager can shift emphasis as leadership rotates.
- Judged against a broad global stock benchmark (MSCI ACWI), not a hand-picked innovation index. That is a tougher, more honest yardstick than most thematic funds set for themselves.
- Owning funds rather than individual stocks means look-through diversification is built in: no single innovation name drives the portfolio.
- Live since 2021, so it carries a real track record through a full boom-and-bust cycle in disruptive-growth stocks.
Worth knowing
- 0.85% a year, and that sits on top of the fees inside the ETFs it holds. Index-built rivals in the same innovation group run cheaper, including KOMP at 0.20% and XT at 0.46%.
- Thinly traded next to the household names in its category. Limit orders matter more here, and getting in or out in size can cost you.
- Everything rides on the manager's rotation calls. Limiting losses in declines is the stated goal, not a contractual buffer, and there is no index to check the results against.
TMAT Holdings
- Stocks
- 85
- 30%
- PANW
Sectors
- Technology57.0%
- Industrials20.4%
- Health Care11.6%
- Materials8.4%
- Utilities2.2%
- Financials0.2%
- Energy0.2%
- Consumer Discretionary0.1%
Geography
- United States92.36%
- Canada4.91%
- Taiwan1.04%
- Cayman Islands0.64%
- Switzerland0.62%
- Israel0.43%
TMAT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
TMAT$10,847
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TMAT |
|---|---|
| Year to date | +18.6% |
| 1 month | +5.8% |
| 3 months | +0.1% |
| 1 year | +8.5% |
| 3 years | +30.1% |
| 5 years | +6.3% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TMAT |
|---|---|---|
| 2026 YTD | +18.6% | |
| 2025 | +20.0% | |
| 2024 | +27.2% | |
| 2023 | +32.3% | |
| 2022 | −39.3% | |
| 2021 | −17.0% |
TMAT in the news
TMAT Dividends
- 0.02%
- $0.005
- $0.005 per share
- Irregular
Distribution history
TMAT Risk
- 28.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.92
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −51.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.83
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TMAT Cost
0.79%
TMAT0.79%
- The middle half of Disruptive Innovation funds
- Median 0.65%
27 of the 31 Disruptive Innovation funds charge less.
Other funds in Disruptive Innovation
- DKNOAXS Knowledge Leaders ETFExpense ratio 0.78%1 year return +27.5%
- DDUNKDana Unconstrained Equity ETFExpense ratio 0.75%1 year return +17.7%
- DMINVMatthews Asia Innovators Active ETFExpense ratio 0.79%1 year return +35.5%
- DDRUPGraniteShares Nasdaq Select Disruptors ETFExpense ratio 1.50%1 year return +13.5%
- DGGRWGabelli Growth Innovators ETFExpense ratio 0.90%1 year return +9.7%