GSIB vs. CMDT ETF Comparison

Comparison of Themes Global Systemically Important Banks ETF (GSIB) to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT)

GSIB

Themes Global Systemically Important Banks ETF

GSIB Description

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.

Grade (RS Rating)

Last Trade

$29.87

Average Daily Volume

1,709

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

CMDT

PIMCO Commodity Strategy Active Exchange-Traded Fund

CMDT Description

CMDT aims for total return in excess of a diversified commodity benchmark by actively managing both commodity exposure and the funds collateral. The fund primarily gains exposure through commodity swaps and futures but may also directly invest in commodities and use other commodity-linked derivatives. The fund adviser determines target allocations using proprietary quantitative models that incorporate multi-factors such as historic performance trends and storage costs. Positions established may be long, short, or no positions in the specific commodities suggested by the models. Weighting is at the discretion of the fund adviser. The fund also holds a short-duration of investment grade fixed-income securities to serve as collateral. CMDT obtains its exposure via a Cayman Islands subsidiary, thus avoiding a K-1 form to investors. The fund has a longer investment horizon, not short-term, tactical trading. Investments and returns may be different from the advisers other funds

Grade (RS Rating)

Last Trade

$25.43

Average Daily Volume

23,592

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

Performance

Period	GSIB	CMDT
30 Days	5.70%	-1.36%
60 Days	0.13%	-6.08%
90 Days	0.75%	-5.02%
12 Months		-6.74%

0 Overlapping Holdings

	Symbol	Grade	Weight in GSIB	Weight in CMDT	Overlap

GSIB Overweight 9 Positions Relative to CMDT

	Symbol	Grade	Weight
	MUFG	D	3.98%
	MFG	D	3.97%
	STT	B	3.91%
	SMFG	D	3.84%
	BCS	B	3.72%
	BK	B	3.7%
	GS	C	3.69%
	TD	A	3.65%
	RY	A	3.62%

GSIB Underweight 1 Positions Relative to CMDT

	Symbol	Grade	Weight
	MINT	A	-6.82%

GSIB: Top Represented Industries & Keywords

Industries: Banks - Global Asset Management Banks - Regional - Asia Capital Markets

Keywords: Bank Investment Banking Banking Cash Management Financial Products Investment Bank Investment Banking Services Advisory Services Banking Solutions Commercial Banking Corporate Banking Insurance Insurance Products Investment Management Investment Product S&P 500 Structured Finance Asset And Liability Management Asset Management Asset Management Services

CMDT: Top Represented Industries & Keywords

Industries:

Keywords: Asset And Liability Management Bond Bond Fund Bond Market Debt Securities ETF Exchange Traded Fund Fixed Income Interest Rate PIMCO