TMAT vs. QLV ETF Comparison

Comparison of Main Thematic Innovation ETF (TMAT) to FlexShares US Quality Low Volatility Index Fund (QLV)

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

$17.87

Average Daily Volume

17,304

Number of Holdings ^*

112

* may have additional holdings in another (foreign) market

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$66.10

Average Daily Volume

3,350

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	TMAT	QLV
30 Days	10.31%	2.06%
60 Days	15.51%	8.22%
90 Days	2.00%	5.34%
12 Months	34.66%	30.89%

11 Overlapping Holdings

Symbol	Grade	Weight in TMAT	Weight in QLV	Overlap
AVGO	B	1.44%	0.42%	0.42%
BAH	C	0.63%	0.52%	0.52%
BMI	A	0.6%	0.27%	0.27%
DLR	C	0.63%	0.6%	0.6%
EA	D	0.64%	0.2%	0.2%
GOOG	B	0.55%	0.57%	0.55%
LLY	D	0.49%	2.8%	0.49%
META	A	3.16%	1.26%	1.26%
NVDA	B	4.12%	4.72%	4.12%
QLYS	F	0.58%	0.76%	0.58%
TXN	C	1.98%	0.89%	0.89%

TMAT Overweight 101 Positions Relative to QLV

Symbol	Grade	Weight
TSM	B	3.37%
APP	A	2.06%
AFRM	C	1.9%
MU	D	1.8%
ARM	C	1.78%
HOOD	B	1.37%
GLBE	C	1.34%
KLAC	B	1.31%
ANSS	D	1.27%
KTOS	B	1.27%
RKLB	B	1.13%
APLD	C	1.12%
MKSI	F	1.11%
STM	F	1.1%
BILI	B	0.96%
COIN	F	0.96%
CDNA	B	0.96%
NIO	C	0.93%
FLNC	C	0.89%
TDG	A	0.78%
FOUR	A	0.78%
VRT	B	0.77%
BLND	C	0.76%
GENI	C	0.75%
PRCT	D	0.75%
CSL	A	0.74%
HUYA	B	0.73%
NTNX	C	0.73%
ONTO	B	0.72%
ACVA	C	0.71%
FSLR	C	0.71%
EME	B	0.71%
RDNT	C	0.7%
DKNG	C	0.7%
IBKR	A	0.69%
CPAY	A	0.69%
VTEX	C	0.68%
UNP	F	0.68%
EBR	F	0.67%
BRKR	D	0.67%
WK	D	0.67%
IRDM	C	0.67%
ON	F	0.66%
WULF	C	0.66%
GERN	D	0.65%
APH	D	0.65%
PAYC	D	0.65%
LYFT	D	0.64%
LPRO	D	0.64%
CPRT	B	0.64%
ASND	C	0.64%
PCTY	C	0.63%
LCID	F	0.63%
DLO	D	0.63%
ICE	A	0.62%
WDC	C	0.62%
HRI	B	0.62%
HQY	B	0.62%
ARE	D	0.61%
NTAP	D	0.61%
PLUG	D	0.6%
TTWO	D	0.6%
ZD	D	0.6%
UTHR	C	0.6%
PAY	D	0.6%
SYK	C	0.6%
PDD	B	0.6%
EVTC	D	0.6%
DLB	D	0.59%
ENPH	F	0.58%
LNW	F	0.57%
AMAT	C	0.57%
MQ	F	0.57%
ABNB	D	0.57%
IREN	C	0.57%
IBTA	C	0.56%
AMSC	C	0.56%
FLYW	F	0.55%
SWTX	F	0.54%
FORM	D	0.54%
CRSR	D	0.53%
APPF	C	0.52%
PSTG	F	0.52%
CRSP	F	0.5%
SRPT	F	0.49%
KRYS	D	0.49%
CFLT	F	0.48%
HIMS	C	0.47%
SMCI	F	0.47%
SPT	F	0.47%
LRCX	D	0.46%
BE	F	0.45%
LMND	F	0.45%
RCKT	F	0.43%
RIVN	F	0.43%
ACHR	F	0.42%
PUBM	F	0.41%
PAGS	F	0.41%
CLSK	F	0.38%
LAZR	F	0.33%
JMIA	D	0.26%

TMAT Underweight 103 Positions Relative to QLV

Symbol	Grade	Weight
MSFT	D	-8.0%
AAPL	C	-5.16%
PG	D	-3.31%
MRK	F	-2.65%
AMZN	C	-2.28%
MCD	A	-2.02%
V	B	-2.0%
IBM	A	-1.9%
JNJ	D	-1.8%
VZ	C	-1.74%
PEP	F	-1.58%
T	B	-1.43%
LMT	A	-1.15%
ABBV	C	-1.1%
XOM	A	-1.08%
GILD	A	-1.01%
TMUS	A	-0.98%
ABT	C	-0.91%
DUK	C	-0.91%
CME	A	-0.9%
PSA	C	-0.9%
ADP	A	-0.85%
ED	C	-0.84%
GIS	C	-0.83%
GOOGL	B	-0.82%
WEC	B	-0.82%
WTW	C	-0.81%
RGLD	C	-0.81%
ATR	A	-0.81%
CHE	D	-0.8%
CHKP	A	-0.8%
AMGN	D	-0.79%
DOX	B	-0.78%
AIZ	B	-0.78%
TYL	D	-0.77%
K	B	-0.77%
LSTR	F	-0.74%
WDFC	B	-0.74%
CB	A	-0.73%
QGEN	F	-0.72%
STNG	B	-0.72%
SMMT	D	-0.72%
AVY	D	-0.71%
SO	A	-0.7%
REGN	D	-0.63%
GD	C	-0.63%
WM	B	-0.63%
NOC	B	-0.63%
EQIX	C	-0.61%
TRV	B	-0.61%
ALL	A	-0.6%
CTVA	A	-0.59%
ZM	B	-0.59%
BRK.A	B	-0.58%
AZO	D	-0.58%
XEL	C	-0.58%
RSG	D	-0.56%
PKG	B	-0.56%
AEP	C	-0.56%
WCN	D	-0.56%
AEE	A	-0.55%
CMS	A	-0.55%
JKHY	A	-0.54%
CINF	A	-0.54%
SON	D	-0.53%
TTEK	A	-0.53%
DTM	A	-0.52%
TSCO	A	-0.52%
SIGI	D	-0.51%
WRB	C	-0.51%
ADC	C	-0.51%
PNW	C	-0.51%
HSY	D	-0.5%
FLO	D	-0.5%
SCI	D	-0.5%
MKL	B	-0.5%
CALM	A	-0.5%
CTRA	D	-0.49%
HII	F	-0.49%
CHRW	C	-0.48%
HRL	F	-0.42%
NBIX	F	-0.41%
BMRN	F	-0.39%
VRSK	D	-0.37%
NFG	A	-0.36%
CRUS	D	-0.32%
SLGN	B	-0.32%
DDS	D	-0.28%
MCK	F	-0.27%
SQSP	A	-0.24%
LIN	C	-0.2%
PM	D	-0.2%
JPM	C	-0.19%
ALKS	B	-0.18%
ADI	B	-0.17%
CAG	D	-0.16%
ROP	D	-0.13%
NCNO	F	-0.1%
L	C	-0.1%
CWAN	B	-0.08%
UNH	B	-0.07%
MMC	D	-0.05%
EXPD	D	-0.03%