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LUMA KraneShares Photonic and Optical ETF

$18.48
−2.9% · 1 day, price
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Fund card

<iframe src="https://etfiq.com/embed/fund/luma/" title="ETFIQ LUMA analysis" width="100%" height="420" loading="lazy" style="border:0;max-width:600px"></iframe>
<p>Data: <a href="https://etfiq.com/funds/luma">ETFIQ LUMA analysis</a></p>

Daily flows

<iframe src="https://etfiq.com/embed/flows-strip/luma/" title="ETFIQ LUMA fund flows" width="100%" height="340" loading="lazy" style="border:0;max-width:600px"></iframe>
<p>Data: <a href="https://etfiq.com/funds/luma">ETFIQ LUMA fund flows</a></p>

How to embed ETFIQ charts

In one line

From its Jul 15, 2026 launch to Nov 12, 2026, LUMA lost 23.5%, against −6.8% for EEM.

How does LUMA compare with older funds like it?How does LUMA compare with its benchmark since launch?What does LUMA hold?
Total return since launch
−23.5%EEM −6.8% to Nov 12, 2026
Expense ratio
1.00%a year
Net assets
$10mon Nov 11, 2026
Net flow, latest day
$0daily basis to Nov 11, 2026
Holds 27 stocks in aI infrastructure and chips, 19% of its weight in S&P 500 companiesKraneShares ↗Expense ratio 1.00%Fund assets $10m on Nov 11, 2026First traded Jul 15, 2026Benchmark MSCI Emerging Markets Index, measured by EEM, which tracks the same indexFund page at the issuer ↗SEC filings ↗Every KraneShares fund ETFIQ covers

Promise check: Not measured

Analyze LUMAPut to the committeeAdd to portfolioOverlapRisk checkAlerts
Growth of $10,000

LUMA vs EEM, since Jul 2026

Total return, distributions reinvested, Jul 15, 2026 to Nov 11, 2026.

LUMA $7,883 −21.2%EEM $9,462 −5.4%Returns from daily closes. Data
Scorecard · vs EEM

LUMA risk and return scorecard

vs EEM · Jul 24, 2026 to Nov 6, 2026 · 15 weekly returns · dividend-adjusted

Short history · 3 months
LUMA −27.7%, EEM −6.3%, Jul 24, 2026 to Nov 6, 2026, distributions reinvested.

15 weekly returns: annualized numbers and ratios need 52.

MeasureLUMAEEMEdge
Return
Total return−27.7%−6.3%EEM
Price return−27.7%−6.3%EEM
MeasureLUMAEEMEdge
Risk
Max drawdown−40.5%−13.6%EEM
MeasureLUMAEEMEdge
Alpha vs EEM
Beta to EEM3.011.00Higher 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

Net fund flows · daily basis · as of Nov 11, 2026

Money in and out

Latest day
$0
N-PORT monthly basis
Since Nov 2026
$0
N-PORT monthly basis
No money in or out. 63 days missing.
Ask why money is moving in LUMAEvery window, day and month ↓
Total return

What you earned

LUMA −25.0%, EEM −7.0%: total return over one month to Nov 12, 2026.
$10,000 in LUMA would be $7,500, over one month to Nov 12, 2026.
LUMA−25.0%
EEM−7.0%
LUMA −29.0%, EEM −8.3%: total return over three months to Nov 12, 2026.
$10,000 in LUMA would be $7,100, over three months to Nov 12, 2026.
LUMA−29.0%
EEM−8.3%
LUMA −23.5%, EEM −6.8%: total return since launch to Nov 12, 2026.
$10,000 in LUMA would be $7,650, since launch to Nov 12, 2026.
LUMA−23.5%
EEM−6.8%
askIQ: why did LUMA return −23.5% since launch, against EEM’s −6.8%? ↗
Fees over time · hypothetical
Fees paid
$956
Of the amount
9.6%

At LUMA’s 1% a year, taken each year from the amount after growth. Hypothetical.

Cost to trade · hypothetical
One way
$10.50
Round trip
$21.00
A year
$21.00

One way: half its 30-day median bid-ask spread, as of Nov 11, 2026. A round trip buys and later sells the same size. Hypothetical. Trading page

First traded Jul 15, 2026

What can be shown yet

19.4%
Already in the S&P 500
Report
99.0%
Active share vs the S&P 500
Report
54.7%
Top ten holdings
Report
−23.5%
Total return, since launch
Report
LUMA has traded for 120 days. Numbers that need a year of prices are not shown yet.
Shown now
First tradedJul 15, 2026
Outside the S&P 500, by weight81%
Weight in common with the S&P 500, at the index’s weights1.0%
Already in the Nasdaq-100, by weight8.6%
Not yet
One-year returnfrom Jul 15, 2027
Three-year returnfrom Jul 15, 2029
askIQ: what can LUMA’s first months tell me? ↗

12 committee seats read LUMA on data as of Nov 12, 2026: 0 Supports, 0 Mixed, 7 Challenges, 5 without enough data.

0 Supports0 Mixed7 Challenges5 Not enough data
  • Bogle
  • Graham
  • Buffett & Munger
  • Lynch
  • Templeton
  • Dalio
  • Marks
  • Druckenmiller
  • Swensen
  • Wood
  • Livermore
  • Skeptic

Watch the committee read LUMA How the committee works

12 seats on LUMA, as of Nov 12, 2026: 7 Challenges, 5 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
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 & RiskNot enough data
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 measuresETFIQ SkepticETFIQ’s own seatChallenges
Put LUMA to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Risk Officer

Risk check

What to look at before you hold LUMA. Not advice.

As of Nov 13, 2026, LUMA crossed 1 of 5 ETFIQ risk lines.

OverlapAIS: 12% of weight in commonClear
Trading cost30-day median spread 0.21%Clear
Premium or discount95% of days within ±1.7644% of NAV, 1 day over 1%, Nov 9, 2026 to Nov 11, 202695% of days within ±1.7644% of NAV over 2026-11-09 to 2026-11-11, at or past ±1%.1 day with a premium or discount over 1% in 2026-11-09 to 2026-11-11.Flag
ConcentrationTop 10 holdings are 54.7% of the fundClear
ClosureNo closure flagClear

Lines and sources: Method. Check several funds at once on My Portfolio.

More on LUMA

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

LUMA flows, by email on Sundays.

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Price since launch, Jul 15, 2026

$18.48−2.9%1 day, priceClose, Nov 12, 2026

Price only. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 12, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

LUMA returns by window: total return, cash paid and price change
WindowTotal returnBenchmark (EEM)Gap to EEMS&P 500 (SPY)
1M Oct 13 – Nov 12, 2026−25.0%−7.0%−18.0 pts−2.7%
3M Aug 13 – Nov 12, 2026−29.0%−8.3%−20.7 pts−2.4%
Since launch Jul 15 – Nov 12, 2026−23.5%−6.8%−16.7 pts+0.6%

Total returns, distributions reinvested. Listed Jul 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

Daily data · as of Nov 11, 2026

LUMA: in the 2 trading days to Nov 11, 2026, nothing net moved.

1D
$0
0.0% of $9.7m on Nov 10, 2026
Nov 11, 2026
Since Nov 2026
$0
Nov 10, 2026 to Nov 11, 2026
Net flow each trading day
Net flow into LUMA each trading day, Aug 12, 2026 to Nov 11, 2026monthly, from SEC filingsdaily, from KraneSharesAug 12, 2026Nov 11, 2026

LUMA, net flow each trading day over the 65 sessions from Aug 12, 2026 to Nov 11, 2026: money came in on 0 days and went out on 0 days, of the 2 days with daily data; the other 63 have none. Before Nov 10, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out. 63 days missing.

Net flow into LUMA each trading day, Nov 12, 2025 to Nov 11, 2026monthly, from SEC filingsdaily, from KraneSharesNov 12, 2025Nov 11, 2026

LUMA, net flow each trading day over the 251 sessions from Nov 12, 2025 to Nov 11, 2026: money came in on 0 days and went out on 0 days, of the 2 days with daily data; the other 249 have none. Before Nov 10, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out. 249 days missing.

Net flow into LUMA each trading day, Apr 10, 2025 to Nov 11, 2026monthly, from SEC filingsdaily, from KraneSharesApr 10, 2025Nov 11, 2026

LUMA, net flow each trading day over the 400 sessions from Apr 10, 2025 to Nov 11, 2026: money came in on 0 days and went out on 0 days, of the 2 days with daily data; the other 398 have none. Before Nov 10, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out. 398 days missing.

Money in, netMoney out, netMonthly basis

Daily data starts Nov 10, 2026.

How this is computed

Computed by ETFIQ from KraneShares’s daily data: each day’s change in shares outstanding times the previous day’s net asset value. Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Every day and month ETFIQ holds for LUMA, back to Nov 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare LUMA with other funds in the flows tool

Every trading day, last 3 months2 days
Nov 11, 2026 $0
Nov 10, 2026 $0

Most recent first.

Week by week, last year1 week
Nov 11, 2026 $0 2 days

Net flow into LUMA each week, Nov 10, 2026 to Nov 11, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.

Month by month, money in and money outNov 2026

LUMA, net flow each month from Nov 2026 to Nov 2026: money came in in 0 months and went out in 0 months.

MonthInOutNet
Nov 2026 ETFIQ, the sum of its days, Nov 10 to Nov 11$0$0$0

Most recent first.

How this is computed

Months summed from daily data: money in adds the days money came in; money out adds the days it went out.

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 daily share counts and net asset values, and its SEC N-PORT filings. Data as of Nov 11, 2026. Last checked Nov 12, 2026.

LUMA key stats

High since Jul 15, 2026, daily closes to Nov 12, 2026 (ETFIQ)$27.93 on Oct 6, 2026
Low since Jul 15, 2026, daily closes to Nov 12, 2026 (ETFIQ)$15.63 on Nov 5, 2026
Close on Nov 12, 2026, within that range (ETFIQ)$18.48, 23% of the way from the low to the high
Holdings27
Top ten holdings weight54.7%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 11, 2026
Trading · LUMAas of Nov 11, 2026
·
Not scored1 of 6 measured · Nov 11, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
$1,000$1.050.10%
$10,000$110.10%
Premium or discount to NAV, Nov 11 close+0.69%
−2.3%95% of days within ±1.76%+2.3%
How to tradeLimit: midpoint + 2¢ to buy, midpoint − 2¢ to sell.At the Nov 11 close of $19.04, that’s $19.06 to buy and $19.02 to sell.
Full trading page: components, premium history, dealers →

LUMA for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
LUMA interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

LUMA is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work
Download all holdings

LUMA top ten by weight, 54.7% of the fund, of its 27 equity positions, from the holdings published by its issuer for Nov 11, 2026. Source: the issuer’s own daily file.

AYAR LABS INC not published 9.61%
COHERENT CORP COHR 5.72%
MACOM TECHNOLOGY SOLUTIONS H MTSI 5.72%
AIXTRON SE AIXA 5.65%
LAND MARK OPTOELECTRONICS 3081 TPE 5.31%
LUMENTUM HOLDINGS INC LITE 4.74%
EOPTOLINK TECHNOLOGY INC L-A 300502 SHE 4.71%
TOWER SEMICONDUCTOR LTD TSEM 4.61%
ZHONGJI INNOLIGHT CO LTD-A 300308 SHE 4.45%
S.O.I.T.E.C. SOI 4.19%
Holdings, the issuer’s own daily file ↗See all 27 holdings →Check overlap with another fund →

Source: KraneShares’s daily holdings file. Updated each trading day.

About LUMA

Theme (ETFIQ, editorial)AI infrastructure and chips
First tradedJul 15, 2026
Already in the S&P 500, by weight (ETFIQ)19.4%
Outside the S&P 500, by weight (ETFIQ)81%
Active share vs the S&P 500 (ETFIQ)99.0%
Weight in common with the S&P 500, at the index’s weights (ETFIQ)1.0%
Already in the Nasdaq-100, by weight (ETFIQ)8.6%
Active share vs the Nasdaq-100 (ETFIQ)98.9%
Top ten holdings weight54.7%
Holdings27
Holdings published for (the issuer’s daily file)Nov 11, 2026
Holdings as of the close of (the issuer’s daily file)Nov 11, 2026
Top holdingsAYAR LABS INC 9.6%, COHERENT CORP 5.7%, MACOM TECHNOLOGY SOLUTIONS H 5.7%, AIXTRON SE 5.7%, LAND MARK OPTOELECTRONICS 5.3%, LUMENTUM HOLDINGS INC 4.7%, EOPTOLINK TECHNOLOGY INC L-A 4.7%, TOWER SEMICONDUCTOR LTD 4.6%, ZHONGJI INNOLIGHT CO LTD-A 4.5%, S.O.I.T.E.C. 4.2%
Net assets (issuer page, as of Nov 11, 2026)$10mReport
Benchmark (ETFIQ, from its filings)MSCI Emerging Markets Index, measured by EEM, which tracks the same index
Benchmark named inits prospectus, 497, Jul 8, 2026
Why this benchmarkIts prospectus names no index it tracks. Its daily returns fit EEM at R-squared 0.70 over its life to Nov 12, 2026 (85 days), above the 0.30 floor.
Below its all-time high (ETFIQ)−33.8%
Expense ratio (497 XBRL, Jul 8, 2026)1.00%Report
Fee for the part that differs from the S&P 500, active expense ratio (ETFIQ)1.01%
Closest funds by holdings overlapLAZR 38%, EUV 27%, FOTO 16%, PSI 12%, AIS 12%
Promise checkNot measured. ETFIQ has not yet listed which companies belong to the aI infrastructure and chips theme.
Below its all-time high33.8%, high on Oct 6, 2026
How we measure
The top ten holdings are 55% of the fund across 27 positions, as published by its issuer for Nov 11, 2026. Since it first traded on Jul 15, 2026 the fund returned −23.5% with distributions reinvested. It sits 33.8% below its all-time high of Oct 6, 2026.
Holdings from the file the issuer publishes daily; overlap and active share computed by ETFIQ against the IVV and QQQM books; returns from Tiingo end-of-day prices with distributions reinvested. Method

Questions people ask about LUMA

How much of LUMA is in S&P 500 companies?
By its holdings published by its issuer for Nov 11, 2026, 19% of LUMA by weight is stocks the S&P 500 already holds. Its active share against the index is 99%, so that share is the part doing something different.
What does LUMA hold?
27 positions as published by its issuer for Nov 11, 2026, with the top ten at 55% of the fund. The largest are AYAR LABS INC at 9.6%, COHERENT CORP at 5.7%, MACOM TECHNOLOGY SOLUTIONS H at 5.7%.
Has LUMA beaten the S&P 500?
Since it first traded on Jul 15, 2026, LUMA returned −23.5% with distributions reinvested, against +0.6% for the S&P 500, so it finished behind the index by 24.1 points.
What does LUMA cost?
The prospectus expense ratio is 1.00% a year. Because 99% of the fund differs from the S&P 500, the fee on that differing part works out at 1.01%.
Sources and dates
Prices, LUMA, Benchmark (EEM) and S&P 500 (SPY)Tiingo end-of-day · Nov 12, 2026
Fee, 1.00%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $10mIssuer page · Nov 11, 2026
HoldingsHoldings, the issuer’s own daily file · Nov 11, 2026 ↗
IssuerKraneShares page for LUMA ↗
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, LUMA, thematic ETFs, data as of Nov 12, 2026. https://etfiq.com/funds/luma

The difference bar for LUMA, 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

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LUMA: 19% of LUMA's weight is in S&P 500 companies and 81% is outside the index. Holdings as of Nov 11, 2026.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/themes/luma/" title="LUMA: 19% of LUMA&#x27;s weight is in S&amp;P 500 companies and 81% is outside the index. Holdings as of Nov 11, 2026." width="640" height="346" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">LUMA: 19% of LUMA&#x27;s weight is in S&amp;P 500 companies and 81% is outside the index. Holdings as of Nov 11, 2026. Data: <a href="https://etfiq.com/funds/luma">ETFIQ</a></figcaption>
</figure>

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