TMAT vs. XSW ETF Comparison

Comparison of Main Thematic Innovation ETF (TMAT) to SPDR S&P Software & Services ETF (XSW)

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

$21.03

Average Daily Volume

16,295

Number of Holdings ^*

113

* may have additional holdings in another (foreign) market

XSW

SPDR S&P Software & Services ETF

XSW Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the computer software segment of a U.S. total market composite index. In seeking to track the performance of the S&P Software & Services Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the software and services industry group of the S&P Total Stock Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$189.92

Average Daily Volume

13,114

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

Performance

Period	TMAT	XSW
30 Days	14.31%	14.14%
60 Days	21.49%	19.63%
90 Days	21.44%	21.20%
12 Months	45.72%	42.03%

14 Overlapping Holdings

Symbol	Grade	Weight in TMAT	Weight in XSW	Overlap
ANSS	B	1.2%	0.65%	0.65%
APP	B	4.15%	1.52%	1.52%
APPF	B	0.47%	0.62%	0.47%
BLND	A	0.77%	0.67%	0.67%
CFLT	B	0.63%	0.87%	0.63%
CLSK	C	0.47%	0.96%	0.47%
DLB	B	0.52%	0.62%	0.52%
EA	A	0.66%	0.67%	0.66%
NTNX	B	0.79%	0.73%	0.73%
QLYS	B	0.6%	0.72%	0.6%
SPT	C	0.42%	0.63%	0.42%
TTWO	A	0.64%	0.72%	0.64%
WK	B	0.7%	0.76%	0.7%
WULF	C	0.84%	1.04%	0.84%

TMAT Overweight 99 Positions Relative to XSW

Symbol	Grade	Weight
NVDA	B	4.51%
TSM	B	3.23%
META	D	2.9%
AFRM	A	2.22%
RKLB	A	1.82%
TXN	C	1.76%
HOOD	B	1.67%
ARM	F	1.51%
MU	D	1.5%
GLBE	B	1.3%
AVGO	D	1.29%
COIN	C	1.26%
KTOS	B	1.25%
MKSI	C	1.02%
KLAC	F	0.97%
PAY	A	0.88%
APLD	B	0.85%
VRT	B	0.85%
STM	F	0.85%
IBKR	A	0.81%
FOUR	A	0.8%
LYFT	C	0.8%
PAYC	B	0.79%
GENI	C	0.78%
LMND	B	0.77%
HRI	C	0.77%
CPAY	A	0.75%
EME	A	0.75%
FLNC	D	0.74%
DLO	C	0.73%
RDNT	B	0.73%
PRCT	B	0.73%
PCTY	C	0.72%
AMSC	B	0.71%
BILI	D	0.7%
CSL	C	0.68%
HQY	A	0.67%
APH	A	0.66%
FLYW	B	0.66%
TDG	D	0.64%
DKNG	B	0.64%
DLR	B	0.63%
CDNA	D	0.63%
ZD	B	0.63%
CPRT	B	0.63%
ACVA	B	0.62%
IREN	C	0.6%
UNP	C	0.59%
WT	A	0.58%
SYK	B	0.58%
IRDM	D	0.58%
UTHR	C	0.58%
LPRO	B	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%
ABNB	C	0.54%
BAH	F	0.54%
VTEX	F	0.54%
IBTA	C	0.53%
NTAP	C	0.53%
LNW	F	0.52%
WDC	D	0.51%
EBR	F	0.51%
ONTO	F	0.5%
ASND	F	0.5%
BE	B	0.5%
ARE	F	0.49%
FSLR	F	0.49%
HIMS	B	0.49%
PSTG	D	0.48%
BRKR	D	0.47%
AMAT	F	0.47%
CRSR	C	0.47%
GERN	D	0.47%
PLUG	F	0.46%
KRYS	C	0.45%
CRSP	D	0.45%
PDD	F	0.45%
FORM	D	0.42%
MQ	D	0.41%
LLY	F	0.4%
HUYA	F	0.4%
PUBM	C	0.39%
LRCX	F	0.38%
SRPT	F	0.38%
RIVN	F	0.35%
LAZR	D	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 119 Positions Relative to XSW

Symbol	Grade	Weight
MSTR	B	-1.39%
CIFR	C	-1.29%
RIOT	C	-1.06%
NNBR	C	-1.04%
BILL	A	-1.04%
PLTR	B	-1.02%
TEAM	A	-0.93%
RBRK	A	-0.88%
FRSH	B	-0.88%
DOCU	B	-0.87%
HUBS	A	-0.86%
NCNO	C	-0.85%
FIVN	C	-0.85%
VERX	A	-0.84%
QTWO	A	-0.83%
PEGA	B	-0.81%
CRM	B	-0.81%
CRWD	B	-0.81%
MARA	B	-0.81%
IDCC	B	-0.81%
PRO	C	-0.79%
RNG	C	-0.78%
SOUN	B	-0.78%
FTNT	C	-0.78%
INTA	B	-0.77%
ZM	C	-0.76%
OLO	A	-0.76%
CWAN	B	-0.76%
PCOR	B	-0.76%
BL	B	-0.75%
KD	B	-0.75%
ALKT	B	-0.75%
FICO	B	-0.75%
AGYS	A	-0.74%
EPAM	B	-0.74%
ZS	B	-0.74%
ASAN	B	-0.73%
APPN	B	-0.73%
RPD	B	-0.73%
ATEN	A	-0.73%
S	B	-0.73%
CVLT	B	-0.72%
ESTC	C	-0.72%
PRGS	A	-0.71%
DDOG	A	-0.71%
ALTR	B	-0.71%
AI	B	-0.71%
DJCO	B	-0.71%
ADSK	A	-0.71%
NOW	A	-0.71%
RBLX	C	-0.7%
PANW	B	-0.7%
DV	C	-0.7%
ACIW	B	-0.7%
ORCL	A	-0.7%
GWRE	A	-0.69%
GEN	B	-0.69%
PD	C	-0.68%
DBX	B	-0.68%
SNPS	B	-0.68%
CDNS	B	-0.68%
VYX	B	-0.67%
IOT	A	-0.67%
MITK	C	-0.67%
ZUO	B	-0.67%
GTLB	B	-0.67%
PLTK	B	-0.67%
PTC	B	-0.67%
SWI	C	-0.66%
RAMP	B	-0.66%
ALRM	C	-0.66%
WDAY	B	-0.66%
INTU	B	-0.65%
IT	C	-0.65%
PATH	C	-0.65%
MANH	D	-0.65%
DT	D	-0.64%
TENB	C	-0.64%
ACN	B	-0.64%
TYL	B	-0.64%
CTSH	B	-0.64%
SMAR	B	-0.64%
BOX	B	-0.63%
BRZE	C	-0.63%
TDC	D	-0.63%
AUR	C	-0.63%
OSPN	A	-0.63%
DXC	B	-0.63%
YEXT	B	-0.62%
ASGN	F	-0.62%
ROP	B	-0.62%
QXO	D	-0.62%
CXM	C	-0.61%
GDYN	B	-0.61%
BLKB	B	-0.61%
SEMR	C	-0.61%
ADBE	C	-0.6%
INFA	D	-0.6%
HCP	B	-0.6%
ENV	B	-0.6%
VRNT	C	-0.59%
MLNK	C	-0.59%
BSY	F	-0.59%
IBM	C	-0.59%
MSFT	D	-0.59%
VRNS	D	-0.59%
U	C	-0.58%
SPSC	D	-0.58%
IBUY	B	-0.55%
NABL	F	-0.53%
JAMF	F	-0.52%
YOU	D	-0.52%
WEAV	C	-0.46%
ETWO	F	-0.44%
CCSI	C	-0.4%
HCKT	B	-0.4%
ZETA	D	-0.39%
DMRC	B	-0.39%
LGTY	C	-0.26%