IQ

LRNZ TrueShares Technology, AI & Deep Learning ETF

Share ▾
Share on XDownload as PDF
$66.41
+1.9% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

LRNZ has no holdings report (Form N-PORT) public on EDGAR yet, so there is nothing to look through.

Why did LRNZ return +4.0% against ONEQ’s +1.9%?What does LRNZ hold that the S&P 500 does not?What do LRNZ’s net flows of +$1.2m over the since Apr 2025 mean?
Tracks artificial intelligenceTrueShares ↗Expense ratio 0.68%Fund assets $42m net assets, latest filing (Jun 30, 2026)Benchmark NASDAQ Composite Total Return Index, measured by ONEQ, which tracks the same indexSEC filings ↗Every TrueShares 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 LRNZAdd to portfolioOverlapFlowsAlerts

LRNZ risk and return scorecard

vs ONEQ · Jul 2026 to Oct 2026 · 14 weekly returns · dividend-adjusted

Short history · 3 months
LRNZ +4.0%, ONEQ +1.9%, Jul 2026 to Oct 2026, distributions reinvested.

14 weekly returns: annualized numbers and ratios need 52.

Return
MeasureLRNZONEQEdge
Total return+4.0%+1.9%LRNZ
Price return+4.0%+1.8%LRNZ
Risk
MeasureLRNZONEQEdge
Max drawdown−14.0%−5.1%ONEQ
Alpha vs ONEQ
MeasureLRNZONEQEdge
Beta to ONEQ1.931.00Higher beta

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
12 months to Jun 30, 2026
−$6.2m
Since Apr 2025
+$1.2m
askIQ: what do these flows mean? ↗

What you earned

LRNZ −3.1%, ONEQ −0.9%: total return over one month to Oct 28, 2026.
LRNZ−3.1%
ONEQ−0.9%
LRNZ +19.3%, ONEQ +8.9%: total return over three months to Oct 28, 2026.
LRNZ+19.3%
ONEQ+8.9%
askIQ: why did LRNZ return +19.3% against ONEQ’s +8.9%? ↗

What did you actually buy?

Artificial intelligence
not yet filed
Already in the S&P 500
not yet filed
Active share vs the S&P 500
not published
Top ten holdings
not published
Total return,
Share already in the S&P 500
Ten largest holdings
askIQ: what does LRNZ hold that the S&P 500 does not? ↗

More on LRNZ

Every number below is on this page. Open what you need.

The week's ETF fund flows, by email on Sundays.

One-click unsubscribe. See Privacy.

Price, 3 months

$66.41+1.9%1 day, priceClose, Oct 28, 2026

Price only. No distribution was paid over these days, so total return is the same. 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

Points (pts) are percentage points.

LRNZ returns by window: total return, cash paid and price change
WindowTotal returnBenchmark (ONEQ)Gap to ONEQS&P 500 (SPY)
1M Sep 28 – Oct 28, 2026−3.1%−0.9%−2.2 pts+0.9%
3M Jul 29 – Oct 28, 2026+19.3%+8.9%+10.4 pts+6.1%

Total returns, distributions reinvested. No data for 6 months, year to date, 1 year and 3 years.

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

Money in and out

Monthly data · as of Jun 30, 2026

LRNZ: in the month to Jun 30, 2026, net $589k went out, by its SEC filing.

12 months
−$6.2m
−17.9% of $34.8m on Jun 30, 2025
Jul 1, 2025 to Jun 30, 2026
monthly, from SEC filings
Since Apr 2025
+$1.2m
Apr 1, 2025 to Jun 30, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions LRNZ 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 LRNZ, back to Apr 2025, is in its flows file. Flows across every fund · How these flows are computed · Compare LRNZ with other funds in the flows tool

Month by month, money in and money outApr 2025 to Jun 2026

LRNZ, money in and money out each month from Apr 2025 to Jun 2026: two bars a month, money in above the line and money out below. Every bar is from LRNZ’s SEC filings (N-PORT item B.6). Of the 15 months listed, money came in on net in 3 and went out in 9.

Every bar is from LRNZ’s SEC filings (N-PORT item B.6). Of the 15 months listed, money came in on net in 3 and went out in 9.

MonthInOutNet
Jun 2026 SEC Form N-PORT+$623k−$1.2m−$589k
May 2026 SEC Form N-PORT$0−$1.6m−$1.6m
Apr 2026 SEC Form N-PORT$0−$789k−$789k
Mar 2026 SEC Form N-PORT+$415k$0+$415k
Feb 2026 SEC Form N-PORT+$427k−$456k−$29k
Jan 2026 SEC Form N-PORT$0$0$0
Dec 2025 SEC Form N-PORT$0−$484k−$484k
Nov 2025 SEC Form N-PORT$0−$1.0m−$1.0m
Oct 2025 SEC Form N-PORT+$956k−$473k+$482k
Sep 2025 SEC Form N-PORT$0−$1.4m−$1.4m
Aug 2025 SEC Form N-PORT$0−$1.3m−$1.3m
Jul 2025 SEC Form N-PORT$0$0$0
Jun 2025 SEC Form N-PORT+$8.5m−$410k+$8.1m
May 2025 SEC Form N-PORT$0$0$0
Apr 2025 SEC Form N-PORT$0−$675k−$675k

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.

LRNZ key stats

High since Jul 10, 2026, daily closes to Oct 28, 2026 (ETFIQ)$71.27 on Oct 5, 2026
Low since Jul 10, 2026, daily closes to Oct 28, 2026 (ETFIQ)$55.65 on Jul 29, 2026
Close on Oct 28, 2026, within that range (ETFIQ)$66.41, 69% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Mar 13, 2026
Trading · LRNZas of Mar 13, 2026
·
Not scored1 of 6 measured · Mar 13, 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 →

LRNZ top ten by weight, 48.7% of the fund, of its 24 equity positions, from the holdings filed for Jun 30, 2026. Source: the fund’s SEC filing.

Cloudflare Inc NET 5.79%
Natera Inc NTRA 5.46%
Crowdstrike Holdings Inc CRWD 5.40%
Vicor Corp VICR 4.74%
Palo Alto Networks Inc PANW 4.72%
Guardant Health Inc GH 4.71%
Datadog Inc DDOG 4.65%
Snowflake Inc SNOW 4.60%
Advanced Micro Devices Inc AMD 4.35%
Micron Technology Inc MU 4.32%
Fund filings on SEC EDGAR ↗See all 24 holdings →Check overlap with another fund →

Source: The fund’s SEC filing.

About LRNZ

Theme (ETFIQ, editorial)Artificial intelligence
First tradednot stated: its own N-PORTs report money moving from April 2025, before the exchange's CERT (0001417835-26-000202) of Jul 8, 2026, and no record says it was a mutual fund: the CERT lists an existing fund again, and no listing record dates its first trade
Net assets (SEC filing, whole fund, as filed for Jun 30, 2026)$42mReport
Benchmark (ETFIQ, from its filings)NASDAQ Composite Total Return Index, measured by ONEQ, which tracks the same indexReport
Benchmark named inits shareholder report, N-CSRS, Sep 4, 2026
Below its all-time high (ETFIQ)−6.8%
Expense ratio (485BPOS XBRL, Apr 30, 2026)0.68%Report
Closest funds by holdings overlapCHAT 35%, IVES 34%, XDAT 33%, PBOT 33%, WUGI 32%
Below its all-time high6.8%, high on Oct 5, 2026
How we measure
It sits 6.8% below its all-time high of Oct 5, 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 LRNZ

12 seats on LRNZ, as of Oct 28, 2026: 1 Mixed, 7 Challenges, 4 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 QualityNot enough data
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 & RiskChallenges
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 FollowingNot enough data
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatMixed
Put LRNZ to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about LRNZ

What does LRNZ cost?
The prospectus expense ratio is 0.68% a year.
Sources and dates
Prices, LRNZ, Benchmark (ONEQ) and S&P 500 (SPY)Tiingo end-of-day · Oct 28, 2026
Fee, 0.68%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $42mSEC filing, whole fund · Jun 30, 2026
HoldingsThe fund’s SEC filing · Jun 30, 2026
IssuerTrueShares website ↗
All fund filingsFund filings on SEC EDGAR ↗
TrueShares’s own site ↗

Links are sources, not endorsements.

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

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

The difference bar for LRNZ, 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. →
Embed this chart

Free to use with the credit link. Paste this where the chart should go; it updates every trading night.

LRNZ: Holdings not yet filed. Holdings checked on Oct 28, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/lrnz"><img src="https://etfiq.com/assistant/api/embed/themes/lrnz.svg" alt="LRNZ: Holdings not yet filed. Holdings checked on Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">LRNZ: Holdings not yet filed. Holdings checked on Oct 28, 2026. Data: <a href="https://etfiq.com/funds/lrnz">ETFIQ</a></figcaption>
</figure>

How to embed ETFIQ charts

Get the ETFIQ Daily

The day's ETF flows, a comparison and one number. Every trading morning. About the Daily

The ETFIQ Daily and our other emails. Unsubscribe from any one in a click. See Privacy.

Snapshot, Oct 28, 2026. More on the tabs above.