What this ETF is trying to do

The THEMES GLOBAL SYSTEMICALLY IMPORTANT BANKS ETF (GSIB) focuses on large, major banks from all over the world. These are often called "systemically important" banks because of their size and role in the global economy. The fund holds a variety of these institutions, including companies like Agricultural Bank of China Ltd Class H, ING Groep NV ADR, Deutsche Bank AG, and State Street Corp. Please note that this is only a partial list of the top holdings.

What the numbers show

As of October 6, 2026, the current price of this ETF is $61.87. An estimated price from roughly one year ago was $47.39.

When looking at how the fund performed over the last year, we look at two different numbers:

• One-year price return: This measures only the change in the share price, which was 30.56%.

• One-year total return: This includes both the share price change and any cash payments made to investors. This was 33.10%.

For the current year so far (Year-to-Date), both the price return and the total return are 17.73%.

Income and distribution explanation

Some investors look for ETFs that pay out cash, known as distributions. This ETF has a distribution yield of 1.62%. This number describes the cash payments relative to the current ETF price.

It is important to remember that a distribution yield is not the same thing as total return. Also, the frequency of these payments has been "irregular" or "less frequent," with only one payout recorded in the last 12 months.

NAV erosion explanation

"NAV erosion" is a term used to describe when the value of the underlying assets in an ETF drops significantly over time. It is important for income investors to watch this, as they generally want their original investment to stay stable. For this ETF, the erosion-risk score is 100, and the label states "No price erosion detected." The severity is rated as "good," and there is no severe erosion-risk flag.

Pros

• Strong performance: The ETF showed a one-year total return of 33.10%.

• Price stability: There is no detected price erosion according to the current risk measurements.

Cons

• Irregular income: The cash distributions are not made on a regular, frequent schedule.

Beginner takeaway

This ETF tracks large global banks. Over the last year, it saw a significant increase in both its share price and its total return. While it does provide some cash through distributions, those payments do not happen very often.