TMAT vs. SMRI ETF Comparison

Comparison of Main Thematic Innovation ETF (TMAT) to Bushido Capital US Equity ETF (SMRI)

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

SMRI

Bushido Capital US Equity ETF

SMRI Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of the fund"s net assets (plus the amount of any borrowings for investment purposes) in U.S. listed common stock.

Grade (RS Rating)

Last Trade

$33.54

Average Daily Volume

5,628

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TMAT	SMRI
30 Days	17.90%	10.48%
60 Days	22.71%	9.99%
90 Days	23.21%	11.21%
12 Months	47.84%	34.42%

5 Overlapping Holdings

Symbol	Grade	Weight in TMAT	Weight in SMRI	Overlap
ABNB	C	0.54%	1.91%	0.54%
APP	B	4.15%	4.07%	4.07%
EME	C	0.75%	2.14%	0.75%
NTAP	C	0.53%	1.79%	0.53%
UTHR	C	0.58%	2.0%	0.58%

TMAT Overweight 108 Positions Relative to SMRI

Symbol	Grade	Weight
NVDA	C	4.51%
TSM	B	3.23%
META	D	2.9%
AFRM	B	2.22%
RKLB	B	1.82%
TXN	C	1.76%
HOOD	B	1.67%
ARM	D	1.51%
MU	D	1.5%
GLBE	B	1.3%
AVGO	D	1.29%
COIN	C	1.26%
KTOS	B	1.25%
ANSS	B	1.2%
MKSI	C	1.02%
KLAC	D	0.97%
PAY	B	0.88%
APLD	A	0.85%
VRT	B	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%
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%
EA	A	0.66%
TTWO	A	0.64%
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%
SYK	C	0.58%
IRDM	D	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%
GOOG	C	0.54%
ON	D	0.54%
BAH	F	0.54%
VTEX	D	0.54%
IBTA	C	0.53%
LNW	D	0.52%
DLB	B	0.52%
WDC	D	0.51%
EBR	F	0.51%
ONTO	D	0.5%
ASND	D	0.5%
BE	B	0.5%
ARE	D	0.49%
FSLR	F	0.49%
HIMS	B	0.49%
PSTG	D	0.48%
BRKR	D	0.47%
AMAT	F	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%
LRCX	F	0.38%
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%
SMCI	F	0.18%
JMIA	F	0.17%

TMAT Underweight 45 Positions Relative to SMRI

Symbol	Grade	Weight
DAL	C	-2.56%
DOCU	A	-2.55%
MCK	B	-2.34%
EXPE	B	-2.33%
SNA	A	-2.33%
VST	B	-2.32%
EPAM	C	-2.28%
BKNG	A	-2.22%
ZM	B	-2.2%
PCAR	B	-2.16%
JBL	B	-2.11%
HPE	B	-2.1%
GEN	B	-2.07%
OC	A	-2.07%
CAH	B	-2.04%
CVX	A	-2.04%
FFIV	B	-2.03%
PYPL	B	-2.03%
PAYX	C	-2.03%
COR	B	-2.0%
EG	C	-1.97%
EOG	A	-1.97%
VLO	C	-1.94%
NRG	B	-1.93%
XOM	B	-1.91%
BWA	D	-1.89%
SLB	C	-1.87%
FANG	D	-1.84%
NUE	C	-1.81%
QCOM	F	-1.81%
LKQ	D	-1.79%
MPC	D	-1.79%
DVN	F	-1.78%
NVR	D	-1.76%
CI	F	-1.71%
LEN	D	-1.71%
BLD	D	-1.68%
BG	F	-1.68%
AMGN	D	-1.68%
PHM	D	-1.68%
MOH	F	-1.64%
WSM	B	-1.59%
MRK	F	-1.58%
CNC	D	-1.46%
ELV	F	-1.43%