TMAT Fees and Costs — Main Thematic Innovation ETF
Data updated: 2026-09-30
The net expense ratio is 0.79%: a 0.65% management fee plus 0.17% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $94K in broker commissions, 0.0559% of average net assets, and portfolio turnover was 5%.
TMAT Fees and Expenses
Annual operating expenses and sales charges of TMAT. Prospectus, as of September 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.82% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.79% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
TMAT Costs Over Time
On $10,000 invested in TMAT, assuming 5% a year before costs, total costs come to $531 over 5 years, cutting the return by 0.89% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.79%) | $83 | $259 | $450 |
| Trading costs (broker commissions) | $6 | $18 | $32 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $89 | $291 | $531 |
| Value after costs | $10,411 | $11,285 | $12,232 |
| Impact on return, per year | 0.89% | 0.89% | 0.89% |
TMAT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0559%
- Total broker commissions: $94K
- Bought from dealers (principal trades, not a cost): $315.0M
- Portfolio turnover (prospectus): 5%
- Securities on loan, average value: $11.0M
- Net income from securities lending: $197K (0.117% of average net assets)
TMAT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTUS Americas LLC | $94K | 100.00% |
TMAT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTUS Americas LLC | $281.3M | 89.32% |
| BANK OF AMERICA MERRILL LYNCH | $32.3M | 10.25% |
| GOLDMAN SACHS | $866K | 0.27% |
| JANE STREET | $479K | 0.15% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.