LIMI
Themes Lithium & Battery Metal Miners ETF
The Themes Lithium & Battery Metal Miners ETF seeks to provide investors with exposure to companies involved in the mining and production of lithium and other battery metals to benefit from the growing demand in the electric vehicle and renewable energy sectors.
International
EQUITY
Passive
MANAGEMENT STYLE
0.5 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | Themes |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 23, 2024 |
| Assets (mns) | $1 |
| Expense ratio | 35 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ARCADIUM LITHIUM PLC | 7.3 % |
| ALBEMARLE CORP | 6.7 % |
| PILBARA MINERALS LIMITED | 5.4 % |
| SHIN-ETSU CHEMICAL CO LTD | 4.7 % |
| TIANQI LITHIUM INDUSTRIES, INC. CLASS A | 4.1 % |
| INDEPENDENCE GROUP NL | 4.0 % |
| ERAMET | 4.0 % |
| LITHIUM AMERICAS CORP. | 3.8 % |
| GUANGZHOU TINCI MATERIALS TECHNOLOGY CO. | 3.6 % |
| GEM CO., LTD. CLASS A | 3.4 % |
Constituent Breakdown
| Number of holdings | 39 |
| Herfindahl-Hirschman Index | 338 |
| Wgt avg mkt cap (mns) | $6,477 |
| Large cap (>$10bn) | 15.6% |
| Mid cap ($2-10bn) | 48.8% |
| Small cap (<$2bn) | 31.2% |
| Developed mkts. | 60.6% |
| Emerging mkts. | 39.4% |
Country Exposure
 |
CHINA | 30.3 % |
 |
AUSTRALIA | 19.5 % |
 |
UNITED STATES | 17.0 % |
 |
CANADA | 8.6 % |
 |
JAPAN | 7.0 % |
 |
FRANCE | 4.0 % |
 |
CHILE | 2.4 % |
 |
BELGIUM | 1.3 % |
 |
NETHERLANDS | 1.1 % |
Historical Performance
Standardized Performance (as of 12/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -13.4% | -- | -- | -- | -- | -- | -13.4% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $1,039 |
Technical Indicators
| Recent close | $25.94 |
| 30d moving avg. | $26.79 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 40 |
| Short interest (ETF) | 0.7% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. LIMI |
Expenses vs. LIMI |
ALTAR Score™ vs. LIMI |
|---|---|---|---|---|
| LIT | Global X Lithium & Battery Tech ETF | 34.0% | +40 bp | +0.3% |
| REMX | VanEck Rare Earth/Strategic Metals ETF | 30.3% | +19 bp | +4.9% |
| ION | ProShares S&P Global Core Battery Metals ETF | 29.0% | +23 bp | +8.2% |
| LITP | Sprott Lithium Miners ETF | 28.2% | +30 bp | +7.3% |
| ILIT | iShares Lithium Miners and Producers ETF | 26.2% | +12 bp | +2.3% |
| DMAT | Global X Disruptive Materials ETF | 22.3% | +24 bp | +1.6% |
| KARS | KraneShares Electric Vehicles & Future Mobility Index ETF | 19.6% | +37 bp | -10.2% |
| SETM | Sprott Energy Transition Materials ETF | 17.3% | +30 bp | -2.2% |
| CRIT | Optica Rare Earths & Critical Materials ETF Optica Rare Eart | 16.0% | +50 bp | +0.5% |
| WBAT | WisdomTree Battery Value Chain and Innovation Fund | 13.3% | +10 bp | -13.7% |
Risk and Returns: LIMI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 1/21/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
LIMI
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
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™
LIMI
9.4%
Cat. Avg
7.1%
ALTAR Score™ Calculation
Category Overview
There are 265 funds in the International Equity category, with an average ALTAR Score™
of 7.1% and a standard deviation of
2.6%. LIMI's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places LIMI in the 80th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
LIMISELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive International Equity ETFs |
| # of ETFs | 77 |
| Avg. Expense Ratio | 38.8 bp |
| Std. Deviation | 21.2 bp |
| LIMI (35 bp) Percentile rank | 43 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| LIMI | 35.0 | 0.0 | 35 |
| Peer Avg. | 42.8 | 17.8 | 60.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .