GSIB vs. GAL ETF Comparison

Comparison of Themes Global Systemically Important Banks ETF (GSIB) to SPDR SSgA Global Allocation ETF (GAL)

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

$30.06

Average Daily Volume

1,707

Number of Holdings ^*

7

* may have additional holdings in another (foreign) market

GAL

SPDR SSgA Global Allocation ETF

GAL Description

The investment seeks to provide capital appreciation. The fund invests substantially all of its assets in the SSgA Global Allocation Portfolio (the "Portfolio"), a separate series of the SSgA Master Trust with an identical investment objective as the fund. As a result, the fund invests indirectly through the Portfolio. The Portfolio typically allocates approximately 60% of its assets to equity securities, though this percentage can vary based on the Adviser's tactical decisions.

Grade (RS Rating)

Last Trade

$43.79

Average Daily Volume

10,910

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	GSIB	GAL
30 Days	1.52%	1.45%
60 Days	4.94%	2.82%
90 Days	8.64%	3.04%
12 Months		14.24%

0 Overlapping Holdings

	Symbol	Grade	Weight in GSIB	Weight in GAL	Overlap

GSIB Overweight 7 Positions Relative to GAL

	Symbol	Grade	Weight
	BCS	A	4.51%
	SMFG	A	3.83%
	GS	A	3.74%
	C	B	3.72%
	JPM	B	3.71%
	SAN	C	3.71%
	WFC	C	3.7%

GSIB Underweight 8 Positions Relative to GAL

	Symbol	Grade	Weight
	TIPX	A	-4.03%
	EBND	C	-3.0%
	IBND	B	-3.0%
	GWX	B	-3.0%
	MDY	D	-1.99%
	EMHC	A	-1.51%
	SRLN	B	-1.51%
	BWX	C	-1.0%

GSIB: Top Represented Industries & Keywords

Industries: Banks - Global Capital Markets

Keywords: Investment Banking Bank Banking Cash Management S&P 500 Trade Finance Corporate Banking Financial Products Investment Bank Investment Banking Services Investment Product Payment Processing Primary Dealers Transaction Services Advisory Services Cash Management Services Collection Services Commercial Bank Commercial Banking Consumer Finance

GAL: Top Represented Industries & Keywords

Industries:

Keywords: Bond Market Indices ETF Exchange Traded Fund Index Fund Bond Bond Market State Street Global Advisors Barclays Blackstone Bloomberg Barclays Us Aggregate Bond Index Bloomberg L.P. Bond Market Index Emerging Market Exchange Traded Funds Inflation Indexed Bond Investment Management Ishares Management Cybernetics Midcap S&P Developed