{
 "ticker": "LUMA",
 "name": "KraneShares Photonic and Optical ETF",
 "issuer": "KraneShares",
 "desk": "themes",
 "url": "https://etfiq.com/funds/luma",
 "html": "https://etfiq.com/funds/luma",
 "markdown": "https://etfiq.com/funds/luma.md",
 "as_of": "2026-11-12",
 "verdict": "From its Jul 15, 2026 launch to Nov 12, 2026, LUMA lost 23.5%, against \u22126.8% for EEM.",
 "lead": "From its Jul 15, 2026 launch to Nov 12, 2026, LUMA lost 23.5%, against \u22126.8% for EEM.",
 "promise": {
  "badge": null,
  "label": "Not measured",
  "category": "themes",
  "sentence": "ETFIQ has not yet listed which companies belong to the aI infrastructure and chips theme",
  "figure": null,
  "unit": null,
  "from": null,
  "to": null,
  "url": "https://etfiq.com/promise-index/"
 },
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "19.4%",
   "source": "the issuer\u2019s daily holdings file",
   "as_of": "2026-11-11",
   "sentence": "LUMA, already in the S&P 500: 19.4%, as of Nov 11, 2026.",
   "cite": {
    "value": "19.4%",
    "as_of": "2026-11-11",
    "source": "the issuer\u2019s daily holdings file",
    "url": "https://etfiq.com/funds/luma#fact-already-in-the-s-p-500",
    "text": "LUMA, already in the S&P 500: 19.4%, as of Nov 11, 2026."
   }
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "99.0%",
   "source": "ETFIQ",
   "as_of": "2026-11-11",
   "sentence": "LUMA, active share vs the S&P 500: 99.0%, as of Nov 11, 2026.",
   "cite": {
    "value": "99.0%",
    "as_of": "2026-11-11",
    "source": "ETFIQ",
    "url": "https://etfiq.com/funds/luma#fact-active-share-vs-the-s-p-500",
    "text": "LUMA, active share vs the S&P 500: 99.0%, as of Nov 11, 2026."
   }
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "54.7%",
   "source": "the issuer\u2019s daily holdings file",
   "as_of": "2026-11-11",
   "sentence": "LUMA, top ten holdings: 54.7%, as of Nov 11, 2026.",
   "cite": {
    "value": "54.7%",
    "as_of": "2026-11-11",
    "source": "the issuer\u2019s daily holdings file",
    "url": "https://etfiq.com/funds/luma#fact-top-ten-holdings",
    "text": "LUMA, top ten holdings: 54.7%, as of Nov 11, 2026."
   }
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "\u221223.5%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-11-12",
   "sentence": "LUMA, total return, since launch: \u221223.5%, as of Nov 12, 2026.",
   "cite": {
    "value": "\u221223.5%",
    "as_of": "2026-11-12",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/luma#fact-total-return-since-launch",
    "text": "LUMA, total return, since launch: \u221223.5%, as of Nov 12, 2026."
   }
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$10m",
   "source": "issuer page, as of Nov 11, 2026",
   "as_of": "2026-11-11",
   "sentence": "LUMA, net assets: $10m (issuer page, as of Nov 11, 2026).",
   "cite": {
    "value": "$10m",
    "as_of": "2026-11-11",
    "source": "issuer page, as of Nov 11, 2026",
    "url": "https://etfiq.com/funds/luma#fact-net-assets",
    "text": "LUMA, net assets: $10m (issuer page, as of Nov 11, 2026)."
   }
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.00%",
   "source": "497 XBRL, Jul 8, 2026",
   "as_of": "2026-07-08",
   "sentence": "LUMA, expense ratio: 1.00% (497 XBRL, Jul 8, 2026).",
   "cite": {
    "value": "1.00%",
    "as_of": "2026-07-08",
    "source": "497 XBRL, Jul 8, 2026",
    "url": "https://etfiq.com/funds/luma#fact-expense-ratio",
    "text": "LUMA, expense ratio: 1.00% (497 XBRL, Jul 8, 2026)."
   }
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "AI infrastructure and chips",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Jul 15, 2026",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "19.4%",
   "source": "ETFIQ"
  },
  {
   "key": "outside_the_s_p_500_by_weight",
   "label": "Outside the S&P 500, by weight",
   "value": "81%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "99.0%",
   "source": "ETFIQ"
  },
  {
   "key": "weight_in_common_with_the_s_p_500_at_the_index_s_weights",
   "label": "Weight in common with the S&P 500, at the index\u2019s weights",
   "value": "1.0%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "8.6%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "98.9%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "54.7%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "27",
   "source": null
  },
  {
   "key": "holdings_published_for",
   "label": "Holdings published for",
   "value": "Nov 11, 2026",
   "source": "the issuer\u2019s daily file"
  },
  {
   "key": "holdings_as_of_the_close_of",
   "label": "Holdings as of the close of",
   "value": "Nov 11, 2026",
   "source": "the issuer\u2019s daily file"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "AYAR 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%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$10m",
   "source": "issuer page, as of Nov 11, 2026"
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "MSCI Emerging Markets Index, measured by EEM, which tracks the same index",
   "source": "ETFIQ, from its filings"
  },
  {
   "key": "benchmark_named_in",
   "label": "Benchmark named in",
   "value": "its prospectus, 497, Jul 8, 2026",
   "source": null
  },
  {
   "key": "why_this_benchmark",
   "label": "Why this benchmark",
   "value": "Its 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.",
   "source": null
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221233.8%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.00%",
   "source": "497 XBRL, Jul 8, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "1.01%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "LAZR 38%, EUV 27%, FOTO 16%, PSI 12%, AIS 12%",
   "source": null
  },
  {
   "key": "promise_check",
   "label": "Promise check",
   "value": "Not measured. ETFIQ has not yet listed which companies belong to the aI infrastructure and chips theme.",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Total return": "\u221225.0%",
   "Benchmark (EEM)": "\u22127.0%",
   "Gap to EEM": "\u221218.0 pts",
   "S&P 500 (SPY)": "\u22122.7%"
  },
  {
   "window": "3 months",
   "Total return": "\u221229.0%",
   "Benchmark (EEM)": "\u22128.3%",
   "Gap to EEM": "\u221220.7 pts",
   "S&P 500 (SPY)": "\u22122.4%"
  },
  {
   "window": "Since launch",
   "Total return": "\u221223.5%",
   "Benchmark (EEM)": "\u22126.8%",
   "Gap to EEM": "\u221216.7 pts",
   "S&P 500 (SPY)": "+0.6%"
  }
 ],
 "questions": [
  {
   "q": "How much of LUMA is in S&P 500 companies?",
   "a": "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."
  },
  {
   "q": "What does LUMA hold?",
   "a": "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%."
  },
  {
   "q": "Has LUMA beaten the S&P 500?",
   "a": "Since it first traded on Jul 15, 2026, LUMA returned \u221223.5% with distributions reinvested, against +0.6% for the S&P 500, so it finished behind the index by 24.1 points."
  },
  {
   "q": "What does LUMA cost?",
   "a": "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%."
  }
 ],
 "key_stats": [
  {
   "key": "high52",
   "label": "High since Jul 15, 2026, daily closes to Nov 12, 2026",
   "value": "$27.93 on Oct 6, 2026",
   "as_of": "2026-10-06",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 27.9297,
   "window": {
    "from": "2026-07-15",
    "to": "2026-11-12"
   }
  },
  {
   "key": "low52",
   "label": "Low since Jul 15, 2026, daily closes to Nov 12, 2026",
   "value": "$15.63 on Nov 5, 2026",
   "as_of": "2026-11-05",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 15.63,
   "window": {
    "from": "2026-07-15",
    "to": "2026-11-12"
   }
  },
  {
   "key": "inrange",
   "label": "Close on Nov 12, 2026, within that range",
   "value": "$18.48, 23% of the way from the low to the high",
   "as_of": "2026-11-12",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 18.48
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "27",
   "as_of": "2026-11-12",
   "source": null
  },
  {
   "key": "top10",
   "label": "Top ten holdings weight",
   "value": "54.7%",
   "as_of": "2026-11-12",
   "source": null
  }
 ],
 "trading": {
  "as_of": "2026-11-11",
  "score": null,
  "tier": null,
  "status": "not-scored",
  "lines": [
   "Not scored.",
   "$1,000: about $1.05, 0.10%, one way.",
   "$10,000: about $11, 0.10%, one way.",
   "Premium to NAV at the Nov 11 close: +0.69%; 95% of days within \u00b11.76%.",
   "Limit: midpoint + 2\u00a2 to buy, midpoint \u2212 2\u00a2 to sell. At the Nov 11 close of $19.04, that\u2019s $19.06 to buy and $19.02 to sell."
  ],
  "page": "https://etfiq.com/funds/luma/trading/"
 },
 "outside_us": [
  {
   "key": "statutory",
   "label": "US tax withheld on dividends, no treaty",
   "value": "30%",
   "date": "2026-10-30",
   "source": "https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf",
   "number": 30.0,
   "url": "https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf"
  },
  {
   "key": "treaty",
   "label": "Treaty rates on dividends (IRS table, read Oct 30, 2026)",
   "value": "65 countries, 10% to 30%",
   "date": "2026-10-30",
   "source": "https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf",
   "number": 65.0,
   "url": "https://www.irs.gov/individuals/international-taxpayers/tax-treaty-tables"
  },
  {
   "key": "qii",
   "label": "LUMA interest-related and short-term gain dividends",
   "value": "not read by ETFIQ"
  },
  {
   "key": "estate",
   "label": "US estate tax filing threshold, non-resident holders",
   "value": "$60,000",
   "date": "2026-10-30",
   "source": "https://www.irs.gov/instructions/i706na",
   "number": 60000.0,
   "url": "https://www.irs.gov/instructions/i706na"
  },
  {
   "key": "dist",
   "label": "Share class",
   "value": "Distributing",
   "source": "https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section852&num=0&edition=prelim",
   "url": "https://etfiq.com/learn/non-us-holders"
  }
 ],
 "flows": {
  "as_of": "2026-11-11",
  "coverage": "daily",
  "computed_by": "ETFIQ, from the change in shares outstanding times the previous day\u2019s NAV",
  "method": "https://etfiq.com/methodology/flows",
  "data": "https://etfiq.com/data/flows/funds/luma.json",
  "windows": [
   {
    "window": "1 day",
    "from": "2026-11-11",
    "to": "2026-11-11",
    "net_flow_usd": 0,
    "net_flow": "$0",
    "round_trip_usd": 0,
    "days_counted": 1,
    "trading_days": 1
   }
  ],
  "daily_counts_start": "2026-11-10",
  "windows_without_daily_figure": [
   "1 week",
   "1 month",
   "3 months",
   "Year to date",
   "1 year"
  ]
 },
 "generated": "2026-11-13",
 "license": "https://etfiq.com/license/",
 "license_text": "Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, LUMA, thematic ETFs, data as of Nov 12, 2026. https://etfiq.com/funds/luma"
}