{
 "ticker": "FOTO",
 "name": "Tuttle Capital Pure Play Photonics ETF",
 "issuer": "Tuttle",
 "desk": "themes",
 "url": "https://etfiq.com/funds/FOTO",
 "html": "https://etfiq.com/funds/FOTO",
 "markdown": "https://etfiq.com/funds/FOTO.md",
 "as_of": "2026-09-11",
 "verdict": "FOTO holds 14 stocks, and 66% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "33.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FOTO, already in the S&P 500: 33.6%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "99.7%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FOTO, active share vs the S&P 500: 99.7%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "90.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FOTO, top ten holdings: 90.4%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "\u221226.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FOTO, total return, since launch: \u221226.1%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$167m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "FOTO, net assets: $167m (SEC filing, whole fund, as filed for Jun 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, May 27, 2026",
   "as_of": "2026-09-11",
   "sentence": "FOTO, expense ratio: 0.75% (485BPOS XBRL, May 27, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Photonics and optics",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "May 29, 2026",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "33.6%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "99.7%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "13.8%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "99.7%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "90.4%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "14",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Jun 30, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "IPG PHOTONICS CORPORATION 15.1%, LUMENTUM HOLDINGS INC. 13.8%, CIENA CORPORATION 10.8%, nLIGHT Inc 9.0%, Coherent Corp. 8.9%, APPLIED OPTOELECTRONICS, INC. 8.5%, VIAVI SOLUTIONS INC. 7.5%, FABRINET 7.1%, MKS, INCORPORATED. 5.7%, POET Technologies Inc 4.1%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$167m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221234.1%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, May 27, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.75%",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u221225.9%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u221229.2 pts",
   "Gap to Nasdaq-100": "\u221225.1 pts"
  },
  {
   "window": "Since launch",
   "Total return": "\u221226.1%",
   "S&P 500": "+1.3%",
   "Gap to S&P 500": "\u221227.4 pts",
   "Gap to Nasdaq-100": "\u221223.1 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of FOTO is in S&P 500 companies?",
   "a": "By its holdings filed for Jun 30, 2026, 34% of FOTO by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different."
  },
  {
   "q": "What does FOTO hold?",
   "a": "14 positions as filed for Jun 30, 2026, with the top ten at 90% of the fund. The largest are IPG PHOTONICS CORPORATION at 15.1%, LUMENTUM HOLDINGS INC. at 13.8%, CIENA CORPORATION at 10.8%."
  },
  {
   "q": "Has FOTO beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 FOTO returned \u221226.1% with distributions reinvested, against +1.3% for the S&P 500, so it finished behind the index by 27.4 points."
  },
  {
   "q": "What does FOTO cost?",
   "a": "The prospectus expense ratio is 0.75% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.75%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}