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Overview Performance Distributions Growth of $10,000 Holdings Fund Documents FAQ

Overview

Why LUMA?

As AI models and computing clusters scale, data movement is emerging as one of the industry’s most significant bottlenecks. Traditional copper-based connections are likely approaching their physical and economic limits, accelerating the transition toward optical data transmission across chips, servers, and data centers. LUMA is designed to capture the long-term growth opportunity created by this structural shift from electrons to photons.

Photonic and Optical Industry Highlights:

  • Computing power has increased roughly 60,000 times over the past two decades, while the capacity to move data between chips and systems has increased only about 30 times1.
  • The AI networking market is expected to reach more than $150 billion by 2028, approximately 9 times its current size2.
  • Moving data is becoming one of the biggest constraints on AI growth. Optical technology helps data centers connect more chips, process information faster, reduce energy use, and improve returns on AI infrastructure spending.

LUMA Features:

  • Access to both public and private companies shaping the future of photonics and optical AI infrastructure.
  • Exposure to pure-play photonics leaders and critical companies enabling the optical infrastructure value chain.
  • A rules-based, research-driven approach designed to capture opportunities as optical bottlenecks evolve and shift.

1. Gholami, Amir et al. “AI and Memory Wall.” IEEE Micro 44 (2024): 33-39.
2. “Optical Networking The next mega trend in AI infrastructure,” Goldman Sachs, April 17, 2026

Fund Details

Data as of 10/16/2026
Ticker LUMA
Primary Exchange NYSE Arca, Inc.
CUSIP 500767140
ISIN US5007671408
Net Assets $8,603,436
Shares Outstanding 400,002
Total Annual Fund Operating Expense (Gross) 1.00%
Total Annual Fund Operating Expense (Net) 0.65%*
Inception Date 7/15/2026
Distribution Frequency Annual

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Premium Discount Chart

Daily Performance

Data as of 10/16/2026
Daily Net Asset Value (NAV) and Market Price
NAV $21.51
NAV Daily Change -3.46%
Market Price $21.26
Market Price Daily Change -4.83%
30 Day Median Bid/Ask Spread
0.2%
30 Day Median Bid/Ask Spread as of 10/15/2026.The ETF’s 30 Day Median Bid-Ask Spread is calculated by identifying the ETF’s national best bid and national best offer ("NBBO") as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.

Performance History

Cumulative %

Data as of: 09/30/2026

Fund NAV Closing Price
1 Month 5.32% 5.67%
3 Month – –
6 Month – –
YTD – –
Since Inception 2.20% 2.12%

Cumulative %

Data as of quarter end: 09/30/2026

Fund NAV Closing Price
Since Inception 2.20% 2.12%

*The Adviser is voluntarily waiving a portion of its management fee by 35bps. This voluntary waiver may be modified or terminated at any time without notice.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.

Topics:

Growth of $10,000

Data as of 10/16/2026

The Growth of $10,000 chart reflects an initial investment of $10,000 on the day prior to the selected time period and assumes reinvestment of dividends and capital gains. For the growth of $10,000 chart since inception, the initial investment of $10,000 is instead made on the inception date of the Fund. Fund expenses, including management fees and other expenses were deducted. The growth of a $10,000 investment in the fund is hypothetical and for illustration purposes only. Fund performance data used in this chart is based on Fund NAV and represents past performance. Past performance does not guarantee future results.

Top 10 Holdings

Data as of 10/16/2026 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 LAND MARK OPTOELECTRONICS 7.49% 3081 TW0003081006 8,200 644,184
2 S.O.I.T.E.C. 6.98% SOI FR0013227113 4,153 600,763
3 LUMENTUM HOLDINGS INC 6.82% LITE US55024U1097 712 586,781
4 MARVELL TECHNOLOGY INC 6.06% MRVL US5738741041 2,289 521,503
5 MACOM TECHNOLOGY SOLUTIONS H 5.66% MTSI US55405Y1001 1,858 487,242
6 COHERENT CORP 5.30% COHR US19247G1076 1,956 455,552
7 AXT INC 4.99% AXTI US00246W1036 8,338 429,157
8 AIXTRON SE 4.71% AIXA DE000A0WMPJ6 10,939 404,865
9 TOWER SEMICONDUCTOR LTD 4.49% TSEM IL0010823792 1,976 386,466
10 EZCONN CORPORATION 4.32% 6442 TW0006442007 8,000 371,651

Holdings are subject to change.

Fund Documents

FAQ

©2026 Krane Funds Advisors, LLC
280 Park Avenue, 32nd Floor, New York, NY 10017 [email protected]

Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ full and summary prospectus, which may be obtained by visiting www.kraneshares.com. Read the prospectus carefully before investing.

Risk Disclosures:

Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives.

This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Certain content represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results; material is as of the dates noted and is subject to change without notice.

Narrowly focused investments typically exhibit higher volatility.

The Fund may invest in Initial Public Offerings (IPOs). Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. In addition, as the Fund increases in size, the impact of IPOs on the Fund’s performance will generally decrease. The Fund is subject to liquidity risk, meaning that certain investments may become difficult to purchase or sell at a reasonable time and price. If a transaction for these securities is large, it may not be possible to initiate which may cause the Fund to suffer losses. The Fund’s assets are expected to be concentrated in an industry or group of industries, especially the Technology Sector, Communications Services Sector, and companies focused on Artificial Intelligence and Technology.
International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Emerging markets involve heightened risk related to the same factors as well as increase volatility and lower trading volume.
The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses.

The Fund may invest in private companies. Private companies involve greater risks than investments in securities of companies that have traded publicly on an exchange for extended periods of time. Investments in these companies are generally less liquid than investments in securities issued by public companies and may be difficult for the Fund to value. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. LUMA is non-diversified.

ETF shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the Fund. However, shares may be redeemed at NAV directly by certain authorized broker-dealers (Authorized Participants) in very large creation/redemption units. The returns shown do not represent the returns you would receive if you traded shares at other times. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Beginning 12/23/2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer ("NBBO") as of the time the ETF calculates the current NAV per share. Prior to that date, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time.

The KraneShares ETFs and KFA Funds ETFs are distributed by SEI Investments Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Krane Funds Advisors, LLC, the Investment Adviser for the Funds, or any sub-advisers for the Funds.

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