Themes ETF Trust – China Generative Artificial Intelligence ETF is a non-diversified exchange-traded fund that seeks to provide investment results, before fees and expenses, corresponding generally to the price and yield performance of the BITA China Generative AI Select Index. The fund invests primarily in equity securities of Chinese companies listed in the United States, Hong Kong and mainland China through Stock Connect that derive significant revenue from generative artificial intelligence-related activities. Its investment exposure encompasses AI model training and provision; generative AI application software; general AI application software; AI infrastructure; semiconductor and computing hardware; servers and data-center equipment; networking and optical communications components; cloud and enterprise software; internet platforms; smart-device technologies; and related industrial AI applications. Portfolio holdings include companies such as IEIT Systems Co., Ltd., Kingsoft Corp. Ltd., Yuanjie Semiconductor Technology Co., Ltd., Hygon Information Technology Co., Ltd., Foxconn Industrial Internet Co., Ltd., Xiaomi Corp., Cambricon Technologies Corp. Ltd., Baidu, Inc., Zhejiang Dahua Technology Co., Ltd. and Montage Technology Co., Ltd. The fund targets investors seeking thematic, single-country exposure to China’s generative AI ecosystem, including companies supporting AI infrastructure and commercial software and application deployment. Themes ETF Trust launched the fund on July 15, 2025, and it is managed by Themes Management Company, LLC, with the sponsor based in New York, New York. Recent major developments include the fund’s July 2025 launch as Themes’ dedicated China generative AI strategy and its ongoing portfolio rebalancing and expansion of exposure across Chinese AI hardware, semiconductor, software, internet and communications companies in accordance with its underlying index methodology.