IQ

FOTO Tuttle Capital Pure Play Photonics ETF

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$16.43
+3.3% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

From its May 29, 2026 launch to Oct 28, 2026, FOTO lost 32.9%.

What drove FOTO’s returns?What can FOTO’s first months tell me?What does FOTO cost to hold and to trade?
Holds 14 stocks in photonics and optics, 14% of its weight in S&P 500 companiesTuttle ↗Expense ratio 0.75%Fund assets $167m net assets, latest filing (Jun 30, 2026)First traded May 29, 2026Benchmark Its own holdings, as of Jun 30, 2026; its prospectus names no index it tracksSEC filings ↗Every Tuttle fund ETFIQ covers

Promise check: Not measuredIts theme exposure is measured once ETFIQ defines its theme company by company.

Compare with…Trading costsPut to the committeeaskIQ about FOTOAdd to portfolioOverlapFlowsAlerts

FOTO risk and return scorecard

vs its own holdings

Not measured: its benchmark is its own holdings, which has no weekly price series.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Jun 30, 2026
Since Apr 2026
+$180m
askIQ: what do these flows mean? ↗

What you earned

FOTO −7.3%: total return over one month to Oct 28, 2026.
FOTO−7.3%
FOTO +1.7%: total return over three months to Oct 28, 2026.
FOTO+1.7%
FOTO −32.9%: total return since launch to Oct 28, 2026.
FOTO−32.9%
askIQ: what drove FOTO’s returns? ↗

What can be shown yet

First traded May 29, 2026
14.2%
Already in the S&P 500
Report
99.7%
Active share vs the S&P 500
Report
38.4%
Top ten holdings
Report
−32.9%
Total return, since launch
Report
FOTO has traded for 152 days. Numbers that need a year of prices are not shown yet.
Shown now
First tradedMay 29, 2026
Outside the S&P 500, by weight86%
Already in the Nasdaq-100, by weight5.9%
Holdings14
Not yet
One-year returnfrom May 29, 2027
Three-year returnfrom May 29, 2029
askIQ: what can FOTO’s first months tell me? ↗

More on FOTO

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Price since launch, May 29, 2026

$16.43+3.3%1 day, priceClose, Oct 28, 2026

Price only. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error

FOTO returns by window: total return, cash paid and price change
WindowTotal returnS&P 500 (SPY)
1M Sep 28 – Oct 28, 2026−7.3%+0.9%
3M Jul 29 – Oct 28, 2026+1.7%+6.1%
Since launch May 29 – Oct 28, 2026−32.9%+2.6%

Total returns, distributions reinvested. Listed May 2026: no 6 months, year to date, 1 year and 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

Money in and out

Monthly data · as of Jun 30, 2026

FOTO: in the month to Jun 30, 2026, net $180m came in, by its SEC filing.

Since Apr 2026
+$180m
Apr 1, 2026 to Jun 30, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions FOTO files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is Jun 2026. Every day and month ETFIQ holds for FOTO, back to Apr 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare FOTO with other funds in the flows tool

Month by month, money in and money outApr 2026 to Jun 2026

FOTO, money in and money out each month from Apr 2026 to Jun 2026: two bars a month, money in above the line and money out below. Every bar is from FOTO’s SEC filings (N-PORT item B.6). Of the 3 months listed, money came in on net in 2 and went out in 0.

Every bar is from FOTO’s SEC filings (N-PORT item B.6). Of the 3 months listed, money came in on net in 2 and went out in 0.

MonthInOutNet
Jun 2026 SEC Form N-PORT+$269m−$88.4m+$180m
May 2026 SEC Form N-PORT+$250k$0+$250k
Apr 2026 SEC Form N-PORT$0$0$0

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Jun 30, 2026. Updated when the fund files its next report.

FOTO key stats

High since May 29, 2026, daily closes to Oct 28, 2026 (ETFIQ)$27.44 on Jun 2, 2026
Low since May 29, 2026, daily closes to Oct 28, 2026 (ETFIQ)$14.45 on Oct 22, 2026
Close on Oct 28, 2026, within that range (ETFIQ)$16.43, 15% of the way from the low to the high
Holdings14
Top ten holdings weight38.4%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Oct 28, 2026
Trading · FOTOas of Oct 28, 2026
·
Not scored0 of 6 measured · Oct 28, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

FOTO top ten by weight, 38.4% of the fund, of its 14 equity positions, from the holdings filed for Jun 30, 2026. Source: the fund’s SEC filing.

IPG PHOTONICS CORPORATION IPGP 6.42%
LUMENTUM HOLDINGS INC. LITE 5.86%
CIENA CORPORATION CIEN 4.59%
nLIGHT Inc LASR 3.80%
Coherent Corp. COHR 3.79%
APPLIED OPTOELECTRONICS, INC. AAOI 3.59%
VIAVI SOLUTIONS INC. VIAV 3.16%
FABRINET not filed 3.02%
MKS, INCORPORATED. MKSI 2.41%
POET Technologies Inc not filed 1.73%
Fund filings on SEC EDGAR ↗See all 14 holdings →Check overlap with another fund →

Source: Holdings filing (SEC Form N-PORT).

About FOTO

Theme (ETFIQ, editorial)Photonics and optics
First tradedMay 29, 2026
Already in the S&P 500, by weight (ETFIQ)14.2%
Outside the S&P 500, by weight (ETFIQ)86%
Active share vs the S&P 500 (ETFIQ)99.7%
Already in the Nasdaq-100, by weight (ETFIQ)5.9%
Active share vs the Nasdaq-100 (ETFIQ)99.7%
Top ten holdings weight38.4%
Holdings14
Holdings as of (SEC N-PORT)Jun 30, 2026
Top holdingsIPG PHOTONICS CORPORATION 6.4%, LUMENTUM HOLDINGS INC. 5.9%, CIENA CORPORATION 4.6%, nLIGHT Inc 3.8%, Coherent Corp. 3.8%, APPLIED OPTOELECTRONICS, INC. 3.6%, VIAVI SOLUTIONS INC. 3.2%, FABRINET 3.0%, MKS, INCORPORATED. 2.4%, POET Technologies Inc 1.7%
Net assets (SEC filing, whole fund, as filed for Jun 30, 2026)$167mReport
Benchmark (ETFIQ, from its filings)Its own holdings, as of Jun 30, 2026; its prospectus names no index it tracks
Below its all-time high (ETFIQ)−40.1%
Expense ratio (497 XBRL, Sep 28, 2026)0.75%Report
Fee for the part that differs from the S&P 500, active expense ratio (ETFIQ)0.75%
Closest funds by holdings overlapEUV 22%, LAZR 14%
Below its all-time high40.1%, high on Jun 2, 2026
How we measure
The top ten holdings are 38% of the fund across 14 positions, as filed for Jun 30, 2026. Since it first traded on May 29, 2026 the fund returned −32.9% with distributions reinvested. It sits 40.1% below its all-time high of Jun 2, 2026.
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. Method
IQ Investment Committee on FOTO

12 seats on FOTO, as of Oct 28, 2026: 1 Supports, 1 Mixed, 8 Challenges, 2 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyChallenges
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityChallenges
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskMixed
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationChallenges
In the tradition ofJesse LivermoreLivermore-style Trend FollowingChallenges
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatSupports
Put FOTO to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about FOTO

How much of FOTO is in S&P 500 companies?
By its holdings filed for Jun 30, 2026, 14% 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.
What does FOTO hold?
14 positions as filed for Jun 30, 2026, with the top ten at 38% of the fund. The largest are IPG PHOTONICS CORPORATION at 6.4%, LUMENTUM HOLDINGS INC. at 5.9%, CIENA CORPORATION at 4.6%.
Has FOTO beaten the S&P 500?
Since it first traded on May 29, 2026, FOTO returned −32.9% with distributions reinvested, against +2.6% for the S&P 500, so it finished behind the index by 35.5 points.
What does FOTO cost?
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%.
Sources and dates
Prices, FOTO and S&P 500 (SPY)Tiingo end-of-day · Oct 28, 2026
Fee, 0.75%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $167mSEC filing, whole fund · Jun 30, 2026
HoldingsHoldings filing (SEC Form N-PORT) · Jun 30, 2026 ↗
IssuerTuttle website ↗
All fund filingsFund filings on SEC EDGAR ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, FOTO, thematic ETFs, data as of Oct 28, 2026. https://etfiq.com/funds/foto

The difference bar for FOTO, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Active share
How differently the money is placed, counting weights: one minus the sum of the smaller weight of each security across the fund and the index. 100% means nothing in common; 0% means the index itself. Two funds can hold the same names and still have a high active share if they weight them very differently.
Weight overlap
The share of money two portfolios hold in the same securities at the same weight.
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 different weights.
Top ten
The weight of the ten largest holdings. Above 50% the fund is a bet on a handful of companies, whatever the theme.
Full definitions: thematic ETFs vocabulary page. →
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FOTO: FOTO holds 14 positions, 42% of its net assets. Holdings as of Jun 30, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/foto"><img src="https://etfiq.com/assistant/api/embed/themes/foto.svg" alt="FOTO: FOTO holds 14 positions, 42% of its net assets. Holdings as of Jun 30, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">FOTO: FOTO holds 14 positions, 42% of its net assets. Holdings as of Jun 30, 2026. Data: <a href="https://etfiq.com/funds/foto">ETFIQ</a></figcaption>
</figure>

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