Themes ETFs Closing Three ETFs Due to Lack of Assets

Three Themes ETFs will halt trading in late September 2026 and return cash to remaining shareholders via taxable liquidating distributions.

Rhea-AI Summary

Themes ETF Trust will liquidate and close three ETFs—Themes US Cash Flow Champions ETF (LGCF), Themes US Small Cap Cash Flow Champions ETF (SMCF), and Themes Lithium & Battery Metal Miners ETF (LIMI)—after failing to attract sufficient assets.

The ETFs will stop accepting creation and redemption orders after September 18, 2026, cease trading at the close on September 21, 2026, and are expected to liquidate and distribute cash pro rata to remaining shareholders on or about September 25, 2026. The funds will shift into cash, no longer follow their stated objectives, distributions will be taxable, and no further dividends will be paid before termination.

Positive

• Orderly cash liquidation and pro rata distribution on or about September 25, 2026
• Closing costs explicitly reflected in NAV as of the Liquidation Date

Negative

• Three ETFs (LGCF, SMCF, LIMI) being liquidated due to insufficient assets
• ETF trading ceases on September 21, 2026, limiting liquidity thereafter
• Creation and redemption orders end after September 18, 2026
• Funds stop pursuing their stated investment objectives before liquidation
• Liquidating cash distributions will be taxable events to shareholders
• No additional dividends will be paid prior to the funds’ termination

News Explained

From September 21, 2026 through September 25, 2026, shareholders may only be able to sell the ETF shares through certain broker-dealers, and the release gives no assurance that a market for the shares will exist during that period.

Argus Sep 16 session

-1.62% close to close Open Argus

Details

News Market Reaction – LGCF

On Sep 16, the day this news came out, LGCF closed 1.62% below the previous close.

Data tracked by StockTitan Argus for the Sep 16 session.

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GREENWICH, Conn., Sept. 16, 2026 /PRNewswire/ -- Due to their inability to attract sufficient investment assets, the Board of Trustees of the Themes ETF Trust (the "Board") has decided to liquidate and close three ETFs (each, a "Fund" and collectively, the "Funds"). The Board concluded that liquidating and closing the Funds would be in the best interest of the Funds and their shareholders.

The Funds closing are as follows:

Fund Name	Ticker	Exchange
Themes US Cash Flow Champions ETF	LGCF	Nasdaq
Themes US Small Cap Cash Flow Champions ETF	SMCF	Nasdaq
Themes Lithium & Battery Metal Miners ETF	LIMI	Cboe

The Funds will cease trading as of the close of regular trading on September 21, 2026 (the "Closing Date") and will be closed to purchases by investors at that time. LGCF and SMCF will cease trading on Nasdaq, and LIMI will cease trading on Cboe. The Funds will not accept creation or redemption orders after September 18, 2026.

Shareholders may sell their holdings in any Fund prior to the Closing Date, and customary brokerage charges may apply to these transactions. However, from the Closing Date through September 25, 2026 (the "Liquidation Date"), shareholders may only be able to sell their shares to certain broker-dealers, and there is no assurance that there will be a market for a Fund's shares during this period.

As the Funds prepare for liquidation, they will increase their cash holdings and reduce exposure to their underlying investments. Consequently, each Fund will no longer pursue its stated investment objective, which is inconsistent with the Fund's principal investment strategy.

On or about the Liquidation Date, each Fund will liquidate its assets and distribute cash on a pro rata basis to shareholders who have not previously redeemed or sold their shares. The amount of the liquidating distribution per share will be announced when it becomes available. These distributions are taxable events and may include accrued capital gains and dividends. As calculated on the Liquidation Date, each Fund's net asset value will reflect the costs associated with closing the Fund. Once the distributions have been completed, the Funds will terminate.

No dividend will be paid by the Funds prior to liquidation.

For more information about these ETFs and other products offered by Themes ETFs, please visit themesetfs.com.

DISCLOSURES

ALPS Distributors, Inc., 1290 Broadway, Suite 1000, Denver, Colorado 80203, is the distributor for the Themes ETF Trust.

An investor should carefully consider a Fund's investment objective, risks, charges, and expenses before investing. A Fund's prospectus and summary prospectus contain this and other information about the Fund. To obtain a Fund's prospectus and summary prospectus, call 866-584-3637 or visit themesetfs.com. A Fund's prospectus and summary prospectus should be read carefully before investing. Investing involves risk, including possible loss of principal.

Investing involves risk, including possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuations in currency values, differences in generally accepted accounting principles, or economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors, as well as increased volatility and lower trading volume. Narrowly focused investments may be subject to higher volatility.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Market price returns are based on the official closing price of an ETF share or, if the official closing price is not available, the midpoint between the national best bid and national best offer ("NBBO") as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses, or sales charges. One cannot invest directly in an index.

Themes Management Company, LLC serves as an adviser to the Themes ETF Trust. The Funds are distributed by ALPS Distributors, Inc. ALPS is not affiliated with any mentioned entity. Client brokerage services are not offered by ALPS. Please see third-party sites for more information about any mentioned services.

View original content:https://www.prnewswire.com/news-releases/themes-etfs-closing-three-etfs-due-to-lack-of-assets-302880640.html

SOURCE Themes ETFs

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Which specific ETFs are being closed and on which exchanges do they trade?

The affected funds are Themes US Cash Flow Champions ETF (ticker LGCF, listed on Nasdaq), Themes US Small Cap Cash Flow Champions ETF (ticker SMCF, listed on Nasdaq), and Themes Lithium & Battery Metal Miners ETF (ticker LIMI, listed on Cboe).

What key dates should current shareholders of LGCF, SMCF, and LIMI be aware of?

Creation and redemption orders are not accepted after September 18, 2026. All three ETFs cease trading at the close of regular trading on September 21, 2026. On or about September 25, 2026, each fund will liquidate its assets and distribute cash to shareholders who have not previously sold or redeemed.

How will the liquidation process affect each fund’s portfolio and investment objective?

As the funds prepare for liquidation, they will increase cash holdings and reduce exposure to their underlying investments. From that point, each fund will no longer pursue its stated investment objective, which the company notes is inconsistent with the fund’s principal investment strategy during the wind-down.

How will shareholders receive liquidation proceeds, and what are the tax implications?

On or about the Liquidation Date, each fund will liquidate its assets and distribute cash on a pro rata basis to shareholders who have not already sold or redeemed their shares. The exact per-share liquidation amount will be announced when available. These distributions are described as taxable events and may include accrued capital gains and dividends.

Can shareholders still sell shares on the market after trading ceases on September 21, 2026?

From the Closing Date through September 25, 2026, shareholders may only be able to sell shares to certain broker-dealers, and there is no assurance that a market for a fund’s shares will exist during this period.

Where can investors find more information or obtain the funds’ prospectuses?

Investors can visit themesetfs.com or call 866-584-3637 to obtain a fund’s prospectus and summary prospectus, which include details on investment objectives, risks, charges, and expenses. The company states that these documents should be read carefully before investing.