HLAL vs. TMAT ETF Comparison

Comparison of Wahed FTSE USA Shariah ETF (HLAL) to Main Thematic Innovation ETF (TMAT)

HLAL

Wahed FTSE USA Shariah ETF

HLAL Description

The investment seeks to track the total return performance, before fees and expenses, of the FTSE USA Shariah Index. The index is composed of common stocks of large and mid-capitalization U.S. companies the characteristics of which meet the requirements of the Shariah and are consistent with Islamic principles as interpreted by subject-matter experts. Under normal circumstances, at least 80% of its total assets will be invested in the component securities of the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.60

Average Daily Volume

60,755

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

TMAT

Main Thematic Innovation ETF

TMAT Description

The investment seeks to outperform the MSCI ACWI Index® in rising markets while limiting losses during periods of decline. The adviser seeks to achieve its objective through dynamic thematic rotation. The Adviser focuses its research primarily on identifying emerging, disruptive, and innovative themes that have a large market demand or addressable market. The Adviser rotates among themes with large addressable markets which may range from nascent technologies to those on the cusp of widespread adoption and buys securities of ETFs investing in those themes.

Grade (RS Rating)

Last Trade

$21.34

Average Daily Volume

16,494

Number of Holdings ^*

113

* may have additional holdings in another (foreign) market

Performance

Period	HLAL	TMAT
30 Days	2.35%	17.90%
60 Days	1.62%	22.71%
90 Days	3.31%	23.21%
12 Months	20.13%	47.84%

18 Overlapping Holdings

Symbol	Grade	Weight in HLAL	Weight in TMAT	Overlap
AMAT	F	0.7%	0.47%	0.47%
ANSS	B	0.13%	1.2%	0.13%
ARE	D	0.09%	0.49%	0.09%
EA	A	0.19%	0.66%	0.19%
FSLR	F	0.09%	0.49%	0.09%
GOOG	C	3.92%	0.54%	0.54%
KLAC	D	0.41%	0.97%	0.41%
LRCX	F	0.45%	0.38%	0.38%
META	D	5.71%	2.9%	2.9%
MU	D	0.55%	1.5%	0.55%
NTAP	C	0.11%	0.53%	0.11%
ON	D	0.13%	0.54%	0.13%
SMCI	F	0.05%	0.18%	0.05%
SYK	C	0.6%	0.58%	0.58%
TTWO	A	0.14%	0.64%	0.14%
TXN	C	0.89%	1.76%	0.89%
VRT	B	0.2%	0.85%	0.2%
WDC	D	0.1%	0.51%	0.1%

HLAL Overweight 180 Positions Relative to TMAT

Symbol	Grade	Weight
AAPL	C	14.59%
MSFT	F	13.9%
GOOGL	C	4.64%
TSLA	B	3.95%
XOM	B	2.4%
PG	A	1.75%
JNJ	D	1.66%
CRM	B	1.33%
CVX	A	1.19%
MRK	F	1.15%
KO	D	1.1%
AMD	F	1.05%
CSCO	B	1.04%
LIN	D	0.97%
ADBE	C	0.96%
TMO	F	0.93%
NOW	A	0.9%
ABT	B	0.89%
ISRG	A	0.84%
QCOM	F	0.84%
DHR	F	0.7%
PFE	D	0.67%
UBER	D	0.64%
TJX	A	0.59%
BSX	B	0.58%
COP	C	0.58%
ADP	B	0.55%
PANW	C	0.54%
INTC	D	0.5%
ADI	D	0.5%
MDT	D	0.5%
PLD	D	0.48%
UPS	C	0.43%
NKE	D	0.41%
GEV	B	0.41%
TT	A	0.41%
MDLZ	F	0.39%
SNPS	B	0.38%
REGN	F	0.38%
WELL	A	0.37%
MRVL	B	0.36%
CDNS	B	0.36%
CTAS	B	0.35%
MCK	B	0.35%
MMM	D	0.33%
CEG	D	0.33%
EMR	A	0.32%
APD	A	0.31%
BDX	F	0.3%
CARR	D	0.29%
FDX	B	0.29%
ADSK	A	0.29%
NXPI	D	0.27%
ROP	B	0.27%
SLB	C	0.27%
PCAR	B	0.26%
JCI	C	0.25%
MPC	D	0.24%
GWW	B	0.23%
NEM	D	0.23%
PSX	C	0.23%
CMI	A	0.22%
DHI	D	0.22%
ROST	C	0.21%
FAST	B	0.21%
PWR	A	0.21%
ODFL	B	0.2%
KVUE	A	0.2%
BKR	B	0.19%
AXON	A	0.19%
VLO	C	0.19%
EW	C	0.18%
HES	B	0.18%
A	D	0.18%
CTVA	C	0.18%
LEN	D	0.18%
IT	C	0.18%
COR	B	0.18%
IR	B	0.18%
LULU	C	0.17%
GLW	B	0.17%
MLM	B	0.17%
GEHC	F	0.17%
NUE	C	0.17%
VMC	B	0.17%
WAB	B	0.16%
IDXX	F	0.16%
HPQ	B	0.16%
DELL	C	0.16%
RMD	C	0.16%
GRMN	B	0.15%
OXY	D	0.15%
DD	D	0.15%
FANG	D	0.15%
KDP	D	0.15%
TSCO	D	0.14%
ROK	B	0.14%
EBAY	D	0.14%
PPG	F	0.13%
CAH	B	0.13%
XYL	D	0.13%
CHD	B	0.12%
VLTO	D	0.12%
TYL	B	0.12%
FTV	C	0.12%
PHM	D	0.12%
DOV	A	0.12%
DOW	F	0.12%
ILMN	D	0.11%
DVN	F	0.11%
ADM	D	0.11%
HUBB	B	0.11%
BIIB	F	0.11%
HAL	C	0.11%
BLDR	D	0.1%
STE	F	0.1%
ATO	A	0.1%
STLD	B	0.1%
ZBH	C	0.1%
LYB	F	0.1%
PTC	A	0.1%
WY	D	0.1%
WST	C	0.1%
IFF	D	0.1%
MKC	D	0.09%
OMC	C	0.09%
LH	C	0.09%
ZBRA	B	0.09%
PKG	A	0.09%
EXPD	D	0.08%
GPC	D	0.08%
PNR	A	0.08%
IEX	B	0.08%
TER	D	0.08%
ICLR	D	0.08%
DGX	A	0.08%
TRMB	B	0.08%
HOLX	D	0.08%
ULTA	F	0.08%
SNA	A	0.08%
PODD	C	0.08%
EL	F	0.07%
RVTY	F	0.07%
CF	B	0.07%
APTV	D	0.07%
JBHT	C	0.07%
FLEX	A	0.07%
MRO	B	0.07%
IP	B	0.07%
ALGN	D	0.07%
BURL	A	0.07%
DLTR	F	0.06%
BMRN	D	0.06%
JNPR	F	0.06%
AKAM	D	0.06%
REG	B	0.06%
POOL	C	0.06%
SWK	D	0.06%
ROL	B	0.06%
FFIV	B	0.06%
CRL	C	0.05%
NWSA	B	0.05%
IPG	D	0.05%
ALB	C	0.05%
TECH	D	0.05%
OKTA	C	0.05%
BG	F	0.05%
TFX	F	0.04%
SCCO	F	0.04%
DAL	C	0.04%
LKQ	D	0.04%
WBA	F	0.03%
QRVO	F	0.03%
UAL	A	0.03%
NWS	B	0.02%
GFS	C	0.02%
WLK	D	0.02%
LUV	C	0.02%
AGR	B	0.01%
LEN	D	0.0%

HLAL Underweight 95 Positions Relative to TMAT

Symbol	Grade	Weight
NVDA	C	-4.51%
APP	B	-4.15%
TSM	B	-3.23%
AFRM	B	-2.22%
RKLB	B	-1.82%
HOOD	B	-1.67%
ARM	D	-1.51%
GLBE	B	-1.3%
AVGO	D	-1.29%
COIN	C	-1.26%
KTOS	B	-1.25%
MKSI	C	-1.02%
PAY	B	-0.88%
APLD	A	-0.85%
STM	F	-0.85%
WULF	C	-0.84%
IBKR	A	-0.81%
FOUR	B	-0.8%
LYFT	C	-0.8%
NTNX	A	-0.79%
PAYC	B	-0.79%
GENI	C	-0.78%
LMND	B	-0.77%
HRI	B	-0.77%
BLND	B	-0.77%
CPAY	A	-0.75%
EME	C	-0.75%
FLNC	C	-0.74%
DLO	C	-0.73%
RDNT	B	-0.73%
PRCT	B	-0.73%
PCTY	B	-0.72%
AMSC	B	-0.71%
BILI	D	-0.7%
WK	B	-0.7%
CSL	C	-0.68%
HQY	B	-0.67%
APH	A	-0.66%
FLYW	C	-0.66%
TDG	D	-0.64%
DKNG	B	-0.64%
DLR	B	-0.63%
CDNA	D	-0.63%
CFLT	B	-0.63%
ZD	C	-0.63%
CPRT	A	-0.63%
ACVA	B	-0.62%
QLYS	C	-0.6%
IREN	C	-0.6%
UNP	C	-0.59%
WT	B	-0.58%
IRDM	D	-0.58%
UTHR	C	-0.58%
LPRO	C	-0.57%
NIO	F	-0.57%
ICE	C	-0.55%
SWTX	C	-0.55%
BMI	B	-0.55%
EVTC	B	-0.55%
ACHR	B	-0.54%
ABNB	C	-0.54%
BAH	F	-0.54%
VTEX	D	-0.54%
IBTA	C	-0.53%
LNW	D	-0.52%
DLB	B	-0.52%
EBR	F	-0.51%
ONTO	D	-0.5%
ASND	D	-0.5%
BE	B	-0.5%
HIMS	B	-0.49%
PSTG	D	-0.48%
BRKR	D	-0.47%
APPF	B	-0.47%
CLSK	C	-0.47%
CRSR	C	-0.47%
GERN	D	-0.47%
PLUG	F	-0.46%
KRYS	B	-0.45%
CRSP	D	-0.45%
PDD	F	-0.45%
FORM	D	-0.42%
SPT	C	-0.42%
MQ	F	-0.41%
LLY	F	-0.4%
HUYA	F	-0.4%
PUBM	C	-0.39%
SRPT	D	-0.38%
RIVN	F	-0.35%
LAZR	F	-0.34%
PAGS	F	-0.33%
LCID	F	-0.33%
RCKT	F	-0.31%
ENPH	F	-0.29%
JMIA	F	-0.17%