{
 "ticker": "LMNX",
 "name": "Luminex Corp",
 "issuer": "not established",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/LMNX",
 "html": "https://etfiq.com/funds/LMNX",
 "markdown": "https://etfiq.com/funds/LMNX.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: LMNX returned \u221230.4% where its own daily promise gave \u221238.5%, 8.1 points over.",
 "key_facts": [
  {
   "key": "what_lmnd_did",
   "label": "What LMND did",
   "value": "\u221214.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "LMNX, what LMND did: \u221214.1%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "\u221238.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "LMNX, what +2 times a day gives: \u221238.5%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221230.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "LMNX, what the fund returned: \u221230.4%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_added",
   "label": "The fund itself added",
   "value": "+8.1 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "LMNX, the fund itself added: +8.1 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$5m",
   "source": "source, as filed for Apr 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "LMNX, net assets: $5m (source, as filed for Apr 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.31%",
   "source": "485BPOS XBRL, Sep 24, 2025",
   "as_of": "2026-09-11",
   "sentence": "LMNX, expense ratio: 1.31% (485BPOS XBRL, Sep 24, 2025)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of LMND, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+2.16 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "LMND",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$5m",
   "source": "source, as filed for Apr 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.31%",
   "source": "485BPOS XBRL, Sep 24, 2025"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Oct 16, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "75% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+6.5%",
   "LMND": "\u22124.3%",
   "+2x the move": "\u22128.7%",
   "Difference": "+15.2 pts",
   "LMND moved about": "42%"
  },
  {
   "window": "3 months",
   "Fund": "\u221230.4%",
   "LMND": "\u221214.1%",
   "+2x the move": "\u221228.1%",
   "Difference": "\u22122.3 pts",
   "LMND moved about": "75%"
  },
  {
   "window": "6 months",
   "Fund": "\u221237.8%",
   "LMND": "\u221210.4%",
   "+2x the move": "\u221220.9%",
   "Difference": "\u221216.9 pts",
   "LMND moved about": "73%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221243.9%",
   "LMND": "+3.9%",
   "+2x the move": "+7.8%",
   "Difference": "\u221251.7 pts",
   "LMND moved about": "82%"
  }
 ],
 "questions": [
  {
   "q": "Did LMNX return +2 times LMND?",
   "a": "Over the window to Sep 11, 2026, LMND moved \u221214.1% and LMNX returned \u221230.4%. 2 times that move is \u221228.1%, so the fund came out 2.3 points short of it."
  },
  {
   "q": "Why does LMNX not return +2 times over a year?",
   "a": "Because it resets daily. LMNX aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}