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Launched · SEC filings

Themes Silver Miners ETF

AGMINasdaqThemesB

$59.19+1.10 (+1.89%)

At close: Nov 2, 2026, 4:00 PM ET

B62/ 100

Rank 5 of 18 in Precious Metals Miners

B62/100Rank 5 of 18inPrecious Metals Miners
Intraday session: up, 79 prints from 58.09 to 59.19. Range 58.78 to 60.80. Use the arrow keys to read each point.58.5059.5060.0060.5010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$8M
1Y total return
+15.7%
Yield · Last 12 months
4.93%
Holdings
52
Avg volume · 30D
1.28K sh
52W range
low $48.95high $91.80
Launched
Filings
SEC EDGAR

The ETF.net AGMI Grade

Based on 5 of 6 pillars

B

Score 62 out of 100

Category
Precious Metals Miners⁠
Rank
5 of 18
Six-pillar profile for AGMI. Scores out of 100: Cost 94, Risk 69, Mission not scored, Tradability 19, Holdings 47, Durability 17. Strongest: Cost (94). Weakest: Durability (17). Based on 5 of 6 pillars.

Score 62 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A94 out of 100
    Rank 1 of 18

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B69 out of 100
    Rank 3 of 18

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F19 out of 100
    Rank 17 of 18

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C47 out of 100
    Rank 12 of 18

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F17 out of 100
    Rank 18 of 18

Our read on AGMI

ETF.net Research

In short

BMost "precious metals miners" funds are gold funds with a silver garnish. AGMI is the straight shot: an index of about 40 global silver miners, run at 0.35% a year, under what the category typically charges.

Stated mandate

The Fund is designed to follow an index of companies materially exposed to silver mining, with returns pursued before fees and expenses.

Why people hold it

  • 0.35% a year undercuts the category's typical fee and the bigger names beside it: RING and SLVP at 0.39%, GDX at 0.51%, GDXJ at 0.52%.
  • Silver, not gold with a silver sleeve. It follows the STOXX Global Silver Miners Index: companies materially exposed to silver mining, listed anywhere in the world.
  • About 40 holdings, passively indexed. The miners actually digging silver stay visible instead of being diluted inside a broad metals basket.
  • Lands in the upper tier of its precious-metals-miner peer group, with cost doing much of the heavy lifting.

Worth knowing

  • A 2024 launch with a small asset base and light trading. Spreads can run wider than the category's veterans, and there is little history to judge it on.
  • One metal, one industry. Miners' costs are fixed while silver's price moves, so their shares tend to swing harder than the metal in both directions.
  • Distributions come once or twice a year, not monthly. This is a miners fund, not an income sleeve.

AGMI Holdings

Holdings pillarC47 out of 100Rank 12 of 18 in Precious Metals Miners
Asset class
Stocks
Holdings
52
Top-10 weight
65%
Largest holding
NEM11.1%

Sectors

  • Materials98.8%
  • Financials1.2%

Geography

  • Canada49.70%
  • United States25.22%
  • Mexico14.26%
  • China6.51%
  • Poland2.86%
  • Australia0.92%
  • United Kingdom0.34%
  • Sweden0.19%

Developed 68% · Emerging 32% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1NEMNewmont Corp11.11%8,470$903K442
2PE&OLES.MXIndustrias Penoles SAB de CV10.06%20,172$818K89
3PAASPan American Silver Corp9.85%21,089$801K32
4WPM.TOWheaton Precious Metals Corp6.76%4,722$549K96
5SCCOSouthern Copper Corp5.19%2,376$422K213
6AYA.TOAya Gold & Silver Inc4.78%16,895$389K44
7FRES.LFresnillo PLC4.42%12,012$360K124
82899.HKZijin Mining Group Co Ltd4.35%99,618$354K97
9AG.TOFirst Majestic Silver Corp4.18%23,834$340K47
10EXKEndeavour Silver Corp3.81%43,009$310K19
11SVM.TOSilvercorp Metals Inc3.14%32,127$255K35
12KGH.WAKGHM Polska Miedz SA2.79%3,182$227K93
13FCXFreeport-McMoRan Inc2.61%3,399$212K380
14TFPM.TOTriple Flag Precious Metals Corp2.58%7,480$210K37
15CDECoeur Mining Inc.2.50%15,500$203K206

Showing 1–15 of 52 holdings

AGMI Performance

Launched May 3, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
AGMI$11,567
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. AGMI $11,567. SPY $11,199. Use the arrow keys to read each point.$10,000$12,500$15,000$17,500Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for AGMI. Periods over one year show the average yearly return.
PeriodAGMI
Year to date−10.2%
1 month−16.1%
3 months−3.0%
1 year+15.7%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AGMI
YearReturn barAGMI
2026 YTD−10.2%
2025+176.2%
2024−0.7%

Since listing, May 3, 2024

AGMI in the news

AGMI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
4.93%Last 12 months
Payout per share
$2.86Last 12 months
Last payment
$2.86 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 24, 2024 $0.44; Dec 18, 2025 $2.86. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 18, 2025Dec 19, 2025$2.86
Dec 24, 2024Dec 26, 2024$0.44

$10,000 in AGMI 1 year ago paid $545 in dividends.

AGMI Risk

Risk pillarB69 out of 100Rank 3 of 18 in Precious Metals Miners
How much the fund’s monthly returns vary, scaled to a year.
45.9%
Annualised · 29 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.84
vs 3-month T-bills · 29 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−35.7%
29 months · trough Jul 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.54
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

AGMI Cost

Tied cheapest in Precious Metals Miners

$7,126

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AGMI 0.35%

    $7,126

$10,000
30 years

Cost over time

  • AGMI 0.35%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530AGMI $7,126

Year by year

YearAGMI
10$634
20$2,454
30$7,126

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