GSIB ETF — Holdings & Analysis

For informational purposes only. Not financial advice.

Quick Answer

With an expense ratio of 0.35%, GSIB offers targeted exposure to global systemically important banks through both direct equity holdings and ADR/GDRs. The fund's non-diversified structure allows for concentrated investment in its chosen area.

Themes Global Systemically Important Banks ETF (GSIB) ETF — Price, Holdings & Analysis

The Themes Global Systemically Important Banks ETF (GSIB) is an actively managed equity ETF with $0.03 billion in assets under management. GSIB focuses on global banking sector companies, investing at least 80% of its assets in securities within this sector. With an expense ratio of 0.35%, GSIB offers targeted exposure to global systemically important banks through both direct equity holdings and ADR/GDRs. The fund's non-diversified structure allows for concentrated investment in its chosen area.

ETF Overview

The fund is an actively managed exchange-traded fund (“ETF”) that will invest in the equity securities of companies that operate in the global banking sector. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that are part of the global banking sector and in American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”) that represent such companies in the banking sector. The fund is non-diversified.

The Themes Global Systemically Important Banks ETF (GSIB) is designed for investors seeking targeted exposure to the global banking sector. As an actively managed fund, GSIB selects companies operating within the global banking sector, investing at least 80% of its net assets in these securities. This includes direct equity holdings as well as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). The fund's top holdings include Mizuho Financial Group Inc ADR (4.19%), HSBC Holdings PLC ADR (4.16%), and BNP Paribas ADR (4.11%), reflecting a global approach. The fund is non-diversified, meaning it concentrates its investments in a smaller number of companies, potentially leading to higher volatility but also greater potential returns. With 100% of its assets allocated to the Financial Services sector, GSIB provides a focused investment vehicle for those bullish on the future of global banking.

Risk Metrics

GSIB's non-diversified structure concentrates risk within the global banking sector. A full 100% of the fund is allocated to financial services, making it highly susceptible to sector-specific downturns or regulatory changes. Country exposure is also concentrated, with 27.2% in the United States, 18.5% in China, 12.0% in Japan, 10.9% in France, and 10.7% in the United Kingdom, exposing the fund to geopolitical and economic risks within these regions. While the fund's beta is currently 0.00, this may not reflect future volatility. The expense ratio of 0.35% will create a drag on returns, which should be considered when evaluating potential performance. Past performance does not guarantee future results.

Expense Ratio

0.35%

What does GSIB hold?

Holding	Weight
Mizuho Financial Group Inc ADR (MFG)	4.19%
HSBC Holdings PLC ADR (HSBC)	4.16%
BNP Paribas ADR (BNPQY)	4.11%
Mitsubishi UFJ Financial Group Inc ADR (MUFG)	4.10%
Sumitomo Mitsui Financial Group Inc ADR (SMFG)	4.04%
Societe Generale SA (GLE.PA)	3.77%
Credit Agricole SA (ACA.PA)	3.72%
Banco Santander SA ADR (SAN)	3.63%
China Construction Bank Corp Class H (00939)	3.62%
Bank Of China Ltd Class H (03988)	3.61%

How Is the Fund Allocated?

Sector	Weight
Financial Services	100.0%

Country	Weight
United States	27.2%
China	18.5%
Japan	12.0%
France	10.9%
United Kingdom	10.7%
Canada	7.3%
Netherlands	3.5%
Spain	3.5%
Switzerland	3.1%
Germany	3.0%

Dividend Yield

0.00%

iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
ARK Innovation ETF (ARKK) — 0.75% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

Themes European Luxury ETF (FINE) (Equity) — 0.35% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is GSIB and what does it track?

GSIB, or the Themes Global Systemically Important Banks ETF, is an actively managed fund that focuses on companies operating in the global banking sector.

The ETF invests at least 80% of its net assets in securities that are part of the global banking sector, including American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) representing these companies.

What is the expense ratio for GSIB?

The expense ratio for GSIB is 0.35%. This means that for every $10,000 invested in the fund, $35 is used to cover the fund's operating expenses.

While it's difficult to determine an exact category average without specifying a niche, broad equity ETFs often have expense ratios ranging from 0.10% to 0.50%, placing GSIB in the middle of that range.

What are the top holdings in GSIB?

As of 2026-03-15, the top holdings in GSIB include Mizuho Financial Group Inc ADR, with a weighting of 4.19%, HSBC Holdings PLC ADR at 4.16%, and BNP Paribas ADR at 4.11%.

Mitsubishi UFJ Financial Group Inc ADR is also a significant holding at 4.10%, followed by Sumitomo Mitsui Financial Group Inc ADR at 4.04%.

Is GSIB a good long-term investment?

Whether GSIB is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and outlook on the global banking sector. GSIB offers targeted exposure to global systemically important banks. The fund's expense ratio is 0.35%.

With only $0.03 billion in AUM, the fund is relatively small, which can impact liquidity.

How does GSIB compare to similar ETFs?

GSIB differentiates itself through its specific focus on global systemically important banks and its active management approach. Many broad financial sector ETFs exist, but GSIB targets a narrower segment.

With an expense ratio of 0.35% and $0.03 billion in AUM, GSIB is smaller than many of its broader financial sector ETF competitors.

Does GSIB pay dividends?

According to the latest data, GSIB has a dividend yield of 0.00%. This indicates that the fund is not currently distributing any dividends to its shareholders. Investors seeking income through dividends may need to consider other investment options.

The fund's focus is primarily on capital appreciation through investments in the global banking sector, rather than generating income through dividend payments.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Data provided for informational purposes only.

Written by machine, not reviewed page by page. Editorial oversight is systemic: the rules and the sources are checked, individual pages are not.