# LUMA (KraneShares Photonic and Optical ETF) KraneShares · Thematic ETFs · data as of Nov 12, 2026 Promise check: Not measured. ETFIQ has not yet listed which companies belong to the aI infrastructure and chips theme. https://etfiq.com/promise-index/ From its Jul 15, 2026 launch to Nov 12, 2026, LUMA lost 23.5%, against −6.8% for EEM. ## Key facts - LUMA, already in the S&P 500: 19.4%, as of Nov 11, 2026. - LUMA, active share vs the S&P 500: 99.0%, as of Nov 11, 2026. - LUMA, top ten holdings: 54.7%, as of Nov 11, 2026. - LUMA, total return, since launch: −23.5%, as of Nov 12, 2026. - LUMA, net assets: $10m (issuer page, as of Nov 11, 2026). - LUMA, expense ratio: 1.00% (497 XBRL, Jul 8, 2026). ## LUMA over each window to Nov 12, 2026 | Window | Total return | Benchmark (EEM) | Gap to EEM | S&P 500 (SPY) | | --- | --- | --- | --- | --- | | 1 month | −25.0% | −7.0% | −18.0 pts | −2.7% | | 3 months | −29.0% | −8.3% | −20.7 pts | −2.4% | | Since launch | −23.5% | −6.8% | −16.7 pts | +0.6% | ## LUMA key stats - High since Jul 15, 2026, daily closes to Nov 12, 2026: $27.93 on Oct 6, 2026 (computed by ETFIQ from Tiingo daily prices) - Low since Jul 15, 2026, daily closes to Nov 12, 2026: $15.63 on Nov 5, 2026 (computed by ETFIQ from Tiingo daily prices) - Close on Nov 12, 2026, within that range: $18.48, 23% of the way from the low to the high (computed by ETFIQ from Tiingo daily prices) - Holdings: 27 - Top ten holdings weight: 54.7% ## LUMA trading - 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 ±1.76%. - Limit: 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. - The full trading page: https://etfiq.com/funds/luma/trading/ ## LUMA for holders outside the US - US tax withheld on dividends, no treaty: 30% () - Treaty rates on dividends (IRS table, read Oct 30, 2026): 65 countries, 10% to 30% () - LUMA interest-related and short-term gain dividends: not read by ETFIQ - US estate tax filing threshold, non-resident holders: $60,000 () - Share class: Distributing () Facts from the IRS, not tax advice. ## Every published field | Field | Value | Source | | --- | --- | --- | | Theme | AI infrastructure and chips | ETFIQ, editorial | | First traded | Jul 15, 2026 | ETFIQ | | Already in the S&P 500, by weight | 19.4% | ETFIQ | | Outside the S&P 500, by weight | 81% | ETFIQ | | Active share vs the S&P 500 | 99.0% | ETFIQ | | Weight in common with the S&P 500, at the index’s weights | 1.0% | ETFIQ | | Already in the Nasdaq-100, by weight | 8.6% | ETFIQ | | Active share vs the Nasdaq-100 | 98.9% | ETFIQ | | Top ten holdings weight | 54.7% | ETFIQ | | Holdings | 27 | ETFIQ | | Holdings published for | Nov 11, 2026 | the issuer’s daily file | | Holdings as of the close of | Nov 11, 2026 | the issuer’s daily file | | Top holdings | 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% | ETFIQ | | Net assets | $10m | issuer page, as of Nov 11, 2026 | | Benchmark | MSCI Emerging Markets Index, measured by EEM, which tracks the same index | ETFIQ, from its filings | | Benchmark named in | its prospectus, 497, Jul 8, 2026 | ETFIQ | | Why this benchmark | 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. | ETFIQ | | Below its all-time high | −33.8% | ETFIQ | | Expense ratio | 1.00% | 497 XBRL, Jul 8, 2026 | | Fee for the part that differs from the S&P 500, active expense ratio | 1.01% | ETFIQ | | Closest funds by holdings overlap | LAZR 38%, EUV 27%, FOTO 16%, PSI 12%, AIS 12% | ETFIQ | | Promise check | Not measured. ETFIQ has not yet listed which companies belong to the aI infrastructure and chips theme. | ETFIQ | ## Money in and out, to Nov 11, 2026 | Window | Dates | Net flow | | --- | --- | --- | | 1 day | Nov 11, 2026 | $0 | Daily counts start Nov 10, 2026, so these windows have no daily data: 1 week, 1 month, 3 months, Year to date, 1 year. Computed by ETFIQ from the change in shares outstanding times the previous day’s NAV. Every day and month: . Method: https://etfiq.com/methodology/flows ## Questions ### 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%. ## Cite this page ETFIQ, LUMA, thematic ETFs, data as of Nov 12, 2026. https://etfiq.com/funds/luma Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at . HTML: https://etfiq.com/funds/luma · JSON: https://etfiq.com/funds/luma.json