Themes Gold Miners ETF
ALTAR
Score™		 10.4% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 8.8x P/Sales
ratio		 1.3x
P/BV
ratio		 1.5x Div.
yield		 2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Themes Gold Miners ETF seeks to provide investors with exposure to companies involved in the gold mining industry, aiming for capital appreciation and potential income through investments in gold-related securities.

FUND BASICS
Category International Equities
Fund Sponsor Themes
Website themesetfs.com/etfs/AUMI/
Inception date Dec 12, 2023
Assets (mns) $3
Currency USD
Expense ratio 35 bp
Distributions

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 22
Wgt avg mkt cap (mns) $6,297
Large cap (>$10bn) 23.5%
Mid cap ($2-10bn) 42.4%
Small cap (<$2bn) 34.2%
Developed mkts 87.0%
Emerging mkts 13.0%

TOP TEN HOLDINGS
DE GREY MINING LTD 5.4 %
CENTAMIN EGYPT LTD 5.2 %
LUNDIN GOLD INC. 5.1 %
OCEANAGOLD CORP 5.0 %
NORTHERN STAR RESOURCES LTD 5.0 %
KINROSS GOLD CORP 4.9 %
TOREX GOLD RESOURCES INC. 4.9 %
PERSEUS MINING LTD 4.7 %
GOLD FIELDS LTD-SPONS ADR 4.7 %
IAMGOLD CORP 4.6 %
Total 49.5 %

TOP COUNTRY EXPOSURE
CANADA 46.8 %
AUSTRALIA 31.1 %
BRITAIN 9.6 %
SOUTH AFRICA 8.4 %
CHINA 4.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
18.3% -- -- -- 18.3%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $37.18
30d moving avg. $38.77
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI)

Liquidity measures
Avg. volume (thou.) 3
Turnover 4.3%
Bid/Ask (% of price) 0.00%
ADV underlying (mns) $373

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 174 potential alternatives to the Themes Gold Miners ETF ETF based on the alternatives' overlap in portfolio holdings with AUMI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AUMI Expense: 35 bp ALTAR Score™: 10.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AUMI
Ticker Fund
Name		 Overlap1
vs AUMI
(%)		 Expense
ratio
(bp)		 Savings
vs AUMI
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs AUMI
(%)
GOEX Global X Gold Explorers ETF 34.9 65 -30 4.4 -5.9
RING iShares MSCI Global Gold Miners ETF 24.7 39 -4 5.6 -4.8
SGDM Sprott Gold Miners ETF 22.1 50 -15 5.4 -5.0
SGDJ Sprott Junior Gold Miners ETF 21.6 50 -15 5.6 -4.7
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 17.2 60 -25 4.8 -5.6
GDXJ VanEck Junior Gold Miners ETF 16.0 52 -17 4.5 -5.9
GDX VanEck Gold Miners ETF 16.0 51 -16 4.5 -5.9
SLVP iShares MSCI Global Silver Miners ETF 7.5 39 -4 3.2 -7.2
AFK VanEck Africa Index ETF 5.6 98 -63 9.1 -1.3
ABEQ Absolute Select Value ETF 4.5 85 -50 4.3 -6.0
NANR SPDR S&P North American Natural Resources ETF 4.5 35 0 7.4 -3.0
KEAT Keating Active ETF 4.4 85 -50 0.0 -10.4
CCNR ALPS CoreCommodity Natural Resources ETF 3.8 39 -4 11.0 +0.7
FTWO Strive FAANG 2.0 ETF 3.2 49 -14 4.7 -5.7
MXI iShares Global Materials ETF 2.6 41 -6 7.0 -3.4
VRAI Virtus Real Asset Income ETF 2.3 55 -20 8.0 -2.4
EWC iShares MSCI Canada ETF 2.3 50 -15 6.5 -3.9
PID Invesco International Dividend Achievers ETF 2.3 53 -18 7.0 -3.3
CGV Conductor Global Equity Value ETF 2.3 130 -95 10.9 +0.5
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 2.2 85 -50 8.6 -1.8
GNR SPDR S&P Global Natural Resources ETF 2.2 40 -5 9.7 -0.7
SCHC Schwab International Small-Cap Equity ETF 2.1 11 24 6.6 -3.8
AVDV Avantis International Small Cap Value ETF 2.1 36 -1 8.1 -2.2
FLCA Franklin FTSE Canada ETF 2.1 9 26 6.8 -3.5
DISV Dimensional International Small Cap Value ETF 2.0 42 -7 9.1 -1.2
BBCA JPMorgan BetaBuilders Canada ETF 1.8 19 16 6.6 -3.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.8 46 -11 9.3 -1.0
MBOX Freedom Day Dividend ETF 1.8 39 -4 7.4 -2.9
AZTD Aztlan Global Stock Selection DM SMID ETF 1.7 75 -40 7.8 -2.6
NDIV Amplify Natural Resources Dividend Income ETF 1.5 59 -24 8.5 -1.8
DIVL Madison Dividend Value ETF 1.5 65 -30 5.5 -4.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.4 80 -45 9.1 -1.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.4 7 28 6.7 -3.7
IMTM iShares MSCI Intl Momentum Factor ETF 1.3 30 5 6.3 -4.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.3 49 -14 7.0 -3.4
FRDM Freedom 100 Emerging Markets ETF 1.3 49 -14 7.3 -3.1
GWX SPDR S&P International Small Cap ETF 1.1 40 -5 6.5 -3.9
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 1.1 68 -33 8.2 -2.1
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.0 56 -21 13.5 +3.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.0 80 -45 10.8 +0.4
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 1.0 80 -45 7.6 -2.8
DFIS Dimensional International Small Cap ETF 0.9 39 -4 6.9 -3.5
EWA iShares MSCI Australia ETF 0.9 50 -15 4.9 -5.5
DSTX Distillate International Fundamental Stability & Value ETF 0.9 55 -20 8.0 -2.4
HAP VanEck Natural Resources ETF 0.9 50 -15 10.0 -0.4
EMM Global X Emerging Markets ex-China ETF 0.9 75 -40 4.2 -6.1
FTRI First Trust Indxx Global Natural Resources Income ETF 0.8 70 -35 9.8 -0.6
IGRO iShares International Dividend Growth ETF 0.8 15 20 7.5 -2.8
FLAU Franklin FTSE Australia ETF 0.7 9 26 5.4 -4.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.7 39 -4 7.4 -2.9
AVDE Avantis International Equity ETF 0.7 23 12 8.1 -2.3
IVRA Invesco Real Assets ESG ETF 0.7 59 -24 5.4 -5.0
ROAM Hartford Multifactor Emerging Markets ETF 0.7 44 -9 15.8 +5.4
IDMO Invesco S&P International Developed Momentum ETF 0.6 25 10 5.9 -4.5
EPP iShares MSCI Pacific ex-Japan ETF 0.6 47 -12 4.9 -5.5
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.6 19 16 5.4 -5.0
QLV FlexShares US Quality Low Volatility Index Fund 0.6 22 13 3.8 -6.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 -4 7.2 -3.2
WWJD Inspire International ETF 0.5 80 -45 7.3 -3.1
VIDI Vident International Equity Strategy ETF 0.5 61 -26 10.2 -0.2
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.5 12 23 5.9 -4.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.5 30 5 8.0 -2.4
IDEV iShares Core MSCI International Developed Markets ETF 0.5 4 31 7.1 -3.3
UMMA Wahed Dow Jones Islamic World ETF 0.5 65 -30 4.6 -5.8
AVSD Avantis Responsible International Equity ETF 0.5 23 12 7.1 -3.3
DFIV Dimensional International Value ETF 0.4 27 8 10.0 -0.4
EWUS iShares MSCI United Kingdom Small Cap ETF 0.4 59 -24 5.8 -4.6
TPIF Timothy Plan International ETF 0.4 62 -27 6.8 -3.6
DEHP Dimensional Emerging Markets High Profitability ETF 0.4 41 -6 5.0 -5.4
EMC Global X Emerging Markets Great Consumer ETF 0.4 75 -40 4.5 -5.9
VEA Vanguard FTSE Developed Markets ETF 0.4 5 30 7.3 -3.0
AVES Avantis Emerging Markets Value ETF 0.4 36 -1 11.6 +1.2
VSGX Vanguard ESG International Stock ETF 0.4 12 23 6.8 -3.6
SCZ iShares MSCI EAFE Small-Cap ETF 0.4 40 -5 6.6 -3.8
COPA Themes Copper Miners ETF 0.4 35 0 7.3 -3.1
QINT American Century Quality Diversified International ETF 0.4 39 -4 7.7 -2.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.4 3 32 7.2 -3.2
CIL VictoryShares International Volatility Wtd ETF 0.4 45 -10 7.0 -3.4
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 0.4 51 -16 7.1 -3.3
CZAR Themes Natural Monopoly ETF 0.3 35 0 6.3 -4.1
DFIC Dimensional International Core Equity 2 ETF 0.3 23 12 7.7 -2.6
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 28 7.2 -3.2
IQLT iShares MSCI Intl Quality Factor ETF 0.3 30 5 6.2 -4.1
AVIV Avantis International Large Cap Value ETF 0.3 25 10 9.0 -1.4
VXUS Vanguard Total International Stock ETF 0.3 7 28 7.2 -3.2
IPAC iShares Core MSCI Pacific ETF 0.3 9 26 7.2 -3.1
VYMI Vanguard International High Dividend Yield ETF 0.3 22 13 9.8 -0.5
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 12 9.1 -1.2
BLES Inspire Global Hope ETF 0.3 61 -26 6.4 -3.9
SCHF Schwab International Equity ETF 0.3 6 29 7.5 -2.9
VIGI Vanguard International Dividend Appreciation ETF 0.3 15 20 6.4 -4.0
DFAI Dimensional International Core Equity Market ETF 0.3 18 17 7.3 -3.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.3 45 -10 8.9 -1.4
STXI Strive International Developed Markets ETF 0.3 29 6 6.9 -3.5
VPL Vanguard FTSE Pacific ETF 0.3 8 27 7.7 -2.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 34 1 7.0 -3.4
FDEV Fidelity International Multifactor ETF 0.2 18 17 7.8 -2.6
BKIE BNY Mellon International Equity ETF 0.2 4 31 7.1 -3.3
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 5 6.9 -3.4
AVEM Avantis Emerging Markets Equity ETF 0.2 33 2 8.9 -1.5
DFSI Dimensional International Sustainability Core 1 ETF 0.2 24 11 6.5 -3.9
FNDF Schwab Fundamental International Large Co. Index ETF 0.2 25 10 9.9 -0.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 -4 7.5 -2.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 17 7.0 -3.4
FENI Fidelity Enhanced International ETF 0.2 28 7 8.1 -2.3
RFDI First Trust Riverfront Dynamic Developed International ETF 0.2 83 -48 10.0 -0.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 8 27 7.3 -3.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 -6 7.4 -3.0
GVLU Gotham 1000 Value ETF 0.2 50 -15 7.4 -2.9
DIM WisdomTree International MidCap Dividend Fund 0.2 58 -23 7.7 -2.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.2 38 -3 7.8 -2.6
DFAE Dimensional Emerging Core Equity Market ETF 0.2 35 0 7.3 -3.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.2 41 -6 7.4 -3.0
IEUS iShares MSCI Europe Small-Cap ETF 0.2 42 -7 6.4 -4.0
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 23 5.5 -4.8
EFG iShares MSCI EAFE Growth ETF 0.1 36 -1 4.5 -5.8
ERNZ TrueShares Active Yield ETF 0.1 75 -40 10.9 +0.6
JHMD John Hancock Multifactor Developed International ETF 0.1 39 -4 7.8 -2.6
FLCH Franklin FTSE China ETF 0.1 19 16 8.8 -1.5
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 25 5.4 -4.9
IEFA iShares Core MSCI EAFE ETF 0.1 7 28 7.1 -3.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 21 6.2 -4.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 23 4.8 -5.6
ESGD iShares ESG Aware MSCI EAFE ETF 0.1 20 15 6.9 -3.4
VT Vanguard Total World Stock ETF 0.1 7 28 5.5 -4.9
MCHI iShares MSCI China ETF 0.1 59 -24 8.4 -2.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 11 8.7 -1.7
TOK iShares MSCI Kokusai ETF 0.1 26 9 5.0 -5.3
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 5 11.4 +1.1
URTH iShares MSCI World ETF 0.1 24 11 5.2 -5.2
ACWI iShares MSCI ACWI ETF 0.1 32 3 5.3 -5.1
GXC SPDR S&P China ETF 0.1 59 -24 8.3 -2.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 26 5.2 -5.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 26 5.4 -5.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.1 20 15 6.5 -3.9
EFA iShares MSCI EAFE ETF 0.1 35 0 6.9 -3.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 10 7.2 -3.1
CRTC Xtrackers US National Critical Technologies ETF 0.1 35 0 5.1 -5.3
RVRB Reverb ETF 0.1 30 5 4.7 -5.7
APIE ActivePassive International Equity ETF 0.1 45 -10 8.1 -2.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 -1 6.6 -3.8
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 15 7.0 -3.4
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 15 7.1 -3.3
RODE Hartford Multifactor Diversified International ETF 0.1 29 6 11.8 +1.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 -7 5.1 -5.2
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 16 6.9 -3.5
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 -14 6.5 -3.9
GLBL Pacer MSCI World Industry Advantage ETF 0.0 65 -30 4.7 -5.7
BKF iShares MSCI BIC ETF 0.0 69 -34 6.9 -3.4
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 5 5.9 -4.4
SCHE Schwab Emerging Markets Equity ETF 0.0 11 24 7.1 -3.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 -35 6.2 -4.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.0 30 5 7.3 -3.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 -5 7.9 -2.4
DWM WisdomTree International Equity Fund 0.0 48 -13 8.0 -2.4
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 26 8.1 -2.3
DLS WisdomTree International SmallCap Dividend Fund 0.0 58 -23 8.8 -1.6
BKEM BNY Mellon Emerging Markets Equity ETF 0.0 11 24 8.4 -2.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -31 10.0 -0.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 -1 7.8 -2.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.0 15 20 7.2 -3.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 15 5.2 -5.2
EEM iShares MSCI Emerging Markets ETF 0.0 69 -34 6.9 -3.5
VWO Vanguard FTSE Emerging Markets ETF 0.0 8 27 6.9 -3.4
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 26 7.5 -2.9
IEUR iShares Core MSCI Europe ETF 0.0 11 24 7.1 -3.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -24 11.3 +0.9
GMF SPDR S&P Emerging Asia Pacific ETF 0.0 49 -14 6.1 -4.2
SPEU SPDR Portfolio Europe ETF 0.0 7 28 7.1 -3.3
VGK Vanguard FTSE Europe ETF 0.0 11 24 7.1 -3.3
DFEV Dimensional Emerging Markets Value ETF 0.0 43 -8 11.1 +0.7
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 28 7.3 -3.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 5 7.3 -3.1
DIHP Dimensional International High Profitability ETF 0.0 29 6 7.6 -2.7

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Themes Gold Miners ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.0 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 10.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.42 CATEGORY
AVERAGE		 1.60
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.