FINE — Themes European Luxury ETF
Data updated: 2025-08-27
FINE — Themes European Luxury ETF. Europe Small Cap Blend / Core Consumer Discretionary Equity · $666.10K AUM. Holdings, fees, performance and SEC filings.
FINE Fund Overview
FINE — Themes European Luxury ETF is a US ETF managed by Themes ETF Trust, categorised as Europe Small Cap Blend / Core Consumer Discretionary Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Themes ETF Trust
- Category: Europe Small Cap Blend / Core Consumer Discretionary Equity
- Assets under management: $666.10K
- 1-year return: -1.9%
- Ticker: FINE
- SEC CIK: 0001976322
- SEC series ID: S000081038
- Share class ID: C000243677
FINE Investment Objective and Strategy
Themes European Luxury ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Themes ETF Trust.
Investment objective
The Themes European Luxury ETF (the Fund) is an exchange traded fund (ETF) that seeks to track the performance, before fees and expenses, of an index composed of European companies that have business operations in the luxury industry.
Principal investment strategy
The Fund employs a passive management (or indexing) investment approach designed to track the performance, before fees and expenses, of the Solactive European Luxury Index (the Index). The Index is based on a proprietary methodology developed and maintained by Solactive AG (the Index Provider), which is an organization that is independent of, and unaffiliated with, the Fund and Themes Management Company, LLC, the Funds investment adviser (the Adviser). The Index The Index is designed to provide exposure to European companies that have business operations in the luxury industry. The Index is denominated in U.S. dollars. As of December 31, 2024, the Index was comprised of 25 companies with a market capitalization range of between approximately $756 million and $329 billion and a weighted average market capitalization of approximately $36.7 billion.
In constructing or adjusting the Index, the Index Provider identifies an Index Universe of companies that, on Selection Days (as defined below), fulfill the following requirements: 1) have a primary listing in a country classified as a developed country according to the Index Provider (Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Poland, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and the United States) , 2) are headquartered in one of the following European countries: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland or the United Kingdom, 3) have a market capitalization of at least $100,000,000 and 4) have a minimum Average Daily Value Traded of at least $1 million over 1 month and over 6 months prior to and including the Selection Day.
The Average Daily Value Traded for a security is the sum of daily value traded over the specified period divided by the number of trading days that fall in the specified period. Based on the Index Universe, the initial composition of the Index, as well as any selection for an ordinary rebalance, is determined on the Selection Day by first screening publicly available information such as financial news, business profiles and company publications using the Index Providers proprietary natural language processing algorithm (ARTIS ) to identify companies that have or are expected to have exposure to the provision of products and/or services that contribute to the luxury industry. Companies are only eligible if they generate at least 50% of their revenues from the luxury industry, including companies involved in: Luxury Accessories Companies involved in the design, manufacturing and sale of luxury and designer accessories, including handbags, precision timepieces, jewelry, eyewear, leather goods, luggage and lifestyle products.
Premium Clothing Companies engaged in the design, manufacture and sale of high-end or designer clothing, including mens and womens ready-to-wear garments, lingerie, sportswear, outerwear and footwear. Luxury Beauty Companies involved in the development, manufacture and distribution of high end beauty products, including perfumes and colognes, cosmetic and makeup products, premium haircare, skincare and bodycare products. Cars and Yachts Companies engaged in the design, production and sale of exclusive and luxurious automobiles and boats, including hypercars, supercars, sportscars and yachts. Upscale Hospitality Companies involved in the luxury or high-end hospitality business, including luxury hotels, resorts and spas. Each company identified by ARTIS receives a score that reflects its exposure to the Index strategy.
This set of companies is then reviewed by the Index Provider and companies are removed from the selection process if they dont have business operations consistent with the Indexs luxury theme. The remaining companies (European Luxury Companies) are ranked by their score (in descending order) and the top 25 companies are selected for inclusion in the Index (Index Components). The determination of the Index Universe and the selection of Index Components is made by the Index Provider based on its proprietary methodology. Selection Day is 10 weekdays before the Rebalance Day. Rebalance Day is the third Friday in January and July. On each Selection Day, each Index Component is assigned an equal weight. Adjustments to the Index are made on Rebalance Day. The Index Components may change over time.
The Funds Investment Strategy The Fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that comprise the Index and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the Index. The Fund will also invest, under normal circumstances, at least 80% of its net assets, plus borrowings for investment purposes, in securities of European Luxury Companies and in ADRs and GDRs based on such securities. The Index may include securities of large-, mid- and small-capitalization companies. The Funds 80% Policies are non-fundamental and require 60 days prior written notice to shareholders before each can be changed. The Fund uses a passive or indexing approach to try to achieve the Funds investment objective.
Unlike many investment companies, the Fund does not try to beat the Index and does not seek temporary defensive positions when markets decline or appear overvalued. Indexing may eliminate the chance that the Fund will substantially outperform the Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by aiming to keep portfolio turnover low in comparison to actively managed investment companies. The Fund will generally use a replication strategy to achieve its investment objective, meaning it will invest in all of the component securities of the Index in the same approximate proportion as in the Index. However, the Fund may utilize a representative sampling strategy with respect to the Index when a replication strategy might be detrimental or disadvantageous to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to replicate the Index, in instances in which a security in the Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Index.
The Adviser expects that, over time, the correlation between the Funds performance and that of the Index, before fees and expenses, will be 95% or better. If the Fund uses a replication strategy, it can be expected to have greater correlation to the Index than if it uses a representative sampling strategy. The Fund is considered to be non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. To the extent the Index is concentrated (i.e., holds 25% or more of its total assets) in a particular industry or group of industries, the Fund is expected to be concentrated in that industry or group of industries to approximately the same extent that the Index concentrates in an industry or group of industries.
As of December 31, 2024, a significant portion of the Index is represented by securities of companies in the luxury industry and the consumer discretionary sector. The degree to which Index Components represent certain sectors or industries may change over time. The Fund may lend securities representing up to one-third of the value of the Funds total assets (including the value of any collateral received).
FINE Holdings
Top 10 holdings of Themes European Luxury ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Burberry Group PLC | 5.66% |
| Givaudan SA | 4.83% |
| Ferretti SpA | 4.82% |
| Ferrari NV | 4.78% |
| Hugo Boss AG | 4.67% |
| Porsche Automobil Holding SE | 4.64% |
| Accor SA | 4.55% |
| Hermes International SCA | 4.47% |
| Cie Financiere Richemont SA | 4.47% |
| Interparfums SA | 4.38% |
FINE Portfolio Allocation
Asset-class allocation of Themes European Luxury ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.8% |
FINE Performance
Total returns for FINE (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -1.9% |
FINE Risk Information
Risk metrics for FINE, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 21.9%
FINE Costs and Fees
FINE costs about $35 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.35%
- Gross expense ratio: 0.35%
- Portfolio turnover: 47%
- Brokerage commissions: 28.65 bps of average net assets (SEC N-CEN)
FINE Cashflows
Over the 12 months to 2025-06, Themes European Luxury ETF had net inflows of $214.71K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-06 | $0 |
| 2025-05 | $0 |
| 2025-04 | $0 |
| 2025-03 | $0 |
| 2025-02 | $0 |
| 2025-01 | $0 |
FINE Debt Constituents
No individual debt constituents are reported in Themes European Luxury ETF's latest SEC N-PORT filing.
FINE Prospectus and SEC Filings
Official Themes European Luxury ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-01-27
- Prospectus supplement (497) — filed 2024-04-30
- Prospectus supplement (497) — filed 2024-02-05
- Portfolio holdings (N-PORT) — filed 2025-08-27
- Portfolio holdings (N-PORT) — filed 2025-05-30
- Portfolio holdings (N-PORT) — filed 2025-02-26
- Annual census (N-CEN) — filed 2024-12-16
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.