LENS · Sarmaya Thematic ETF
LENS holds 43 stocks. 98% of it is not in the S&P 500, and its top ten are 42% of the fund.
Its ten largest positions
| Holding | Ticker | Weight | |
|---|---|---|---|
| SPDR Gold MiniShares Trust | GLDM | 9.04% | |
| iShares Gold Trust Micro | IAUM | 5.81% | |
| iShares Silver Trust | SLV | 4.22% | |
| Chevron Corp | CVX | 4.22% | |
| Exxon Mobil Corp | XOM | 4.22% | |
| Kinross Gold Corp | KGC | 3.96% | |
| Agnico Eagle Mines Ltd | AEM | 3.03% | |
| Gold Fields Ltd | GFI | 2.85% | |
| Equinox Gold Corp | EQX | 2.48% | |
| SLB Ltd | SLB | 2.44% |
Period by period
| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
|---|---|---|---|---|
| 3 months | +13.4% | +4.7% | +8.8 pts | +11.4 pts |
| 6 months | +1.2% | +15.2% | −14.0 pts | −19.0 pts |
| 1 year | +56.0% | +20.0% | +36.1 pts | +30.4 pts |
| Since launch | +90.4% | +30.2% | +60.3 pts | +51.4 pts |
In plain words
The top ten holdings are 42% of the fund across 43 positions, as filed for May 29, 2026. Over the year to Sep 4, 2026 the fund returned +56.0% with distributions reinvested against +20.0% for the S&P 500, so a holder was ahead by 36.1 pts. It sits 7.1% below its all-time high of Feb 27, 2026.
| Theme (ETFIQ, editorial) | Broad innovation and megatrends |
|---|---|
| Launched | Jan 29, 2025 |
| Already in the S&P 500, by weight (ETFIQ) | 21.7% |
| Active share vs the S&P 500 (ETFIQ) | 97.9% |
| Already in the Nasdaq-100, by weight (ETFIQ) | 1.7% |
| Active share vs the Nasdaq-100 (ETFIQ) | 99.7% |
| Top ten holdings weight | 42.3% |
| Holdings | 43 |
| Holdings as of (SEC N-PORT) | May 29, 2026 |
| Top holdings | SPDR Gold MiniShares Trust 9.0%, iShares Gold Trust Micro 5.8%, iShares Silver Trust 4.2%, Chevron Corp 4.2%, Exxon Mobil Corp 4.2%, Kinross Gold Corp 4.0%, Agnico Eagle Mines Ltd 3.0%, Gold Fields Ltd 2.9%, Equinox Gold Corp 2.5%, SLB Ltd 2.4% |
| Net assets (SEC filing, whole fund, as filed for May 29, 2026) | $53m |
| Below its all-time high (ETFIQ) | −7.1% |
| Expense ratio (prospectus XBRL) | 0.79% |
| Fee for the part that differs from the S&P 500, active expense ratio (ETFIQ) | 0.81% |
| Closest funds by holdings overlap | ICOP 11% |
Holdings from the fund’s latest public SEC N-PORT filing; overlap and active share computed by ETFIQ against the IVV and QQQM books; returns from Tiingo end-of-day prices with distributions reinvested. How this desk computes every figure
Questions people ask
- How much of LENS is already in the S&P 500?
- By its holdings filed for May 29, 2026, 22% of LENS by weight is stocks the S&P 500 already holds. Its active share against the index is 98%, so that share is the part doing something different.
- What does LENS hold?
- 43 positions as filed for May 29, 2026, with the top ten at 42% of the fund. The largest are SPDR Gold MiniShares Trust at 9.0%, iShares Gold Trust Micro at 5.8%, iShares Silver Trust at 4.2%.
- Has LENS beaten the S&P 500?
- Over the year to Sep 4, 2026 LENS returned +56.0% with distributions reinvested, against +20.0% for the S&P 500, so it finished ahead of the index by 36.1 points.
- What does LENS cost?
- The prospectus expense ratio is 0.79% a year. Because 98% of the fund differs from the S&P 500, the fee on that differing part works out at 0.81%.
The words on this page
- Active share
- The part of the fund doing something the index is not, as a percentage. It is the part a fee is actually buying.
- Weight overlap
- The share of money two portfolios hold in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice.
- Already in the index
- The fund’s weight in securities the S&P 500 holds at all. A fund can be made entirely of index names and still have high active share, because it holds them at very different weights.
- Top ten
- What the ten largest positions add up to. The higher it is, the more the fund is a bet on a few companies rather than a theme.
Every term this desk uses, defined in full on the themes desk vocabulary page.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Funds near this one
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Cite this page. ETFIQ, LENS on the themes desk, data as of Sep 4, 2026. https://etfiq.com/funds/LENS.html Free to use with attribution; the underlying files are at Open data.