Main Thematic Innovation ETF (TMAT) is a deep-tech ETF. As of October 9, 2026, ETF Copilot scores TMAT 5.2 out of 10 — highest on Growth (9.0), lowest on Risk (0.8). It trades at 33.4 times earnings, against its own median of 34.8. Its ten largest holdings are 30% of the fund.
What stands out in TMAT's data
High-growth themes rotated dynamically — innovation bets that shift over time.
Charges more than most peers in its space — a bigger annual bite from whatever the portfolio earns.
Charges 0.79% annually, landing in the priciest 10% of the category and well above the 0.60% median, while its 23.7% EBITDA margin trails the typical peer.
A dynamic sleeve that rotates across innovation themes, aiming to capture the next growth wave.
How is TMAT rated? ETF Copilot scores Main Thematic Innovation ETF (TMAT) 5.2 out of 10
As of October 9, 2026, ETF Copilot scores Main Thematic Innovation ETF (TMAT) 5.2 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 5.2 / 10
- Growth: 9.0 / 10
- Value: 6.4 / 10
- Risk: 0.8 / 10
- Quality: 2.8 / 10
- Return: 4.9 / 10
Is TMAT expensive right now? It trades at 33.4 times earnings, against its own median of 34.8
As of October 9, 2026, TMAT is cheaper than 70% of its own 27 monthly readings since 2024 — 8 of those months were cheaper than today.
Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.
What's inside TMAT? 55% Tech
What's inside TMAT: Size (Large 46%, Mid 40%, Small 14%); Geography (International 9%, US 91%); Tech 54.8%; AI 9.2%; Semiconductors 15.4%; Memory 12.8%.
What are TMAT's top holdings? The ten largest are 30% of the fund
Palo Alto Networ, Micron Tech, Rubrik, Fortinet, Lumentum HOL, Vicor, Hinge Health, Advanced Micro Devices, Keysight TEC and Cloudflare are TMAT's largest holdings, in that order.
Less concentrated than 77% of Deep Tech ETFs.
Half of TMAT's weight sits in its 23 largest positions, and once those weights are taken into account it behaves like 55 equally weighted holdings.
What is TMAT's expense ratio? 0.79% a year
As of October 9, 2026, TMAT charges 0.79% a year and holds $261M in assets across 85 positions.
| Measure | TMAT |
|---|---|
| Expense ratio | 0.79% |
| Assets under management | $261M |
| Holdings | 85 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Main Thematic Innovation ETF (TMAT) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/tmat
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