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Launched

Tuttle Capital Pure Play Photonics ETF

FOTOCboeD

$17.99−0.29 (−1.59%)

At close: Oct 13, 2026, 4:00 PM

D36/ 100

Rank 5 of 9 in Quantum Computing & Photonics

D36/100Rank 5 of 9inQuantum Computing & Photonics
Intraday session: down, 75 prints from 18.28 to 17.99. Range 17.41 to 18.00. Use the arrow keys to read each point.17.4017.6017.8010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$136M
1Y total return
—
Yield · Last 12 months
—
Holdings
29
Avg volume · 30D
0.7M sh
NAV per share
$19.55
52W range
low $15.94high $27.86
Launched

The ETF.net FOTO Grade

Based on 5 of 6 pillars

D

Score 36 out of 100

Category
Quantum Computing & Photonics⁠
Rank
5 of 9
Six-pillar profile for FOTO. Scores out of 100: Cost 22, Risk 27, Mission not scored, Tradability 80, Holdings 20, Durability 55. Strongest: Tradability (80). Weakest: Holdings (20). Based on 5 of 6 pillars.

Score 36 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F22 out of 100
    Rank 7 of 9

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D27 out of 100
    Rank 6 of 6

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A80 out of 100
    Rank 1 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F20 out of 100
    Rank 9 of 9

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B55 out of 100
    Rank 5 of 9

Our read on FOTO

ETF.net Research

DPhotonics with a purity test: holdings must earn at least half their revenue from the business of moving data as light instead of electricity. About 40 global names, actively managed, and per its prospectus income comes first, generated with a systematic put spread strategy.

Stated mandate

The Fund seeks current income and, secondarily, long-term capital appreciation. It targets photonics-related companies and uses a systematic put spread strategy to generate income.

Why people hold it

  1. 01The pure-play screen has teeth: companies must derive at least 50% of revenue or operating profit from photonics, so the theme is not padded with megacap filler.nasdaq.com
  2. 02The theme is spelled out, not vague: optical communications, silicon photonics, LiDAR, industrial lasers and optoelectronic devices, drawn from a global opportunity set.fotoetf.com
  3. 03Income leads the mandate, pursued with a systematic put spread strategy. That is an unusual build for a frontier-tech theme where cohort rivals chase appreciation alone.
  4. 04Actively traded since its 2026 launch, with listed options on Cboe and EDGX, so sizing and hedging tools exist alongside the shares.nasdaq.com

Worth knowing

  1. 01At 0.75%, the fee runs more than double the cohort median of 0.35%. Theme neighbors EUV (0.35%) and QTUP (0.00%) charge less for adjacent exposure.
  2. 02Non-diversified and roughly 40 names deep, with part of the exposure taken through swaps rather than shares, which layers counterparty risk onto a concentrated basket.fotoetf.comfinance.yahoo.com
  3. 03Put spread premium moves with volatility, and the short leg absorbs declines down to the long strike. Income from that engine is variable by design, not fixed.

FOTO Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
29
Top-10 weight
128%
Largest holding
Cash and Cash Equivalents66.6%

Sectors

  • Technology92.7%
  • Materials5.2%
  • Financials2.1%

Geography

  • United States89.45%
  • Cayman Islands7.16%
  • Canada3.39%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Cash and Cash Equivalents66.64%91,702,642$92M124
002—Recv Foto Trs Lite Eq12.42%15,490$17M1
003LITELumentum Holdings Inc8.95%11,161$12M403
004—Recv Foto Trs Fn Eq7.61%21,522$10M1
005—Recv Foto Trs Cohr Eq7.23%31,819$10M1
006—Recv Foto Trs Ipgp Eq5.83%102,540$8M1
007IPGPIpg Photonics Corp5.13%90,220$7M116
008CIENCiena Corp5.04%15,435$7M392
009—Recv Foto Trs Cien Eq5.03%15,396$7M1
010—Recv Foto Trs Viav Eq4.47%135,393$6M1
011—Recv Foto Trs Lasr Eq3.62%129,348$5M1
012IIVICoherent Corp Common Stock3.62%15,921$5M1
013VIAVViavi Solutions Inc3.61%109,261$5M148
014AAOIApplied Optoelectronics Inc3.19%40,024$4M99
015FNFabrinet3.08%8,721$4M187

Showing 1–15 of 29 holdings

FOTO Performance

Launched May 27, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
FOTO$8,566
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. FOTO $8,566. SPY $10,332. Use the arrow keys to read each point.$7,346$8,957$10,568Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FOTO. Periods over one year show the average yearly return.
PeriodFOTO
Year to dateFund launched this year—
1 month+1.1%
3 months−14.3%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FOTO
YearReturn barFOTO
2026 YTD−25.3%

History from May 29, 2026

FOTO in the news

FOTO Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed May 2026. No distributions yet.

FOTO Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched May 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched May 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched May 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.86
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FOTO Cost

Expense ratio0.75%
  • The middle half of Quantum Computing & Photonics funds
  • Median 0.54%

6 of the 8 Quantum Computing & Photonics funds charge less.

FOTO costs $75.00 a year on $10,000. The median Quantum Computing & Photonics fund costs $54.50.

Other funds in Quantum Computing & Photonics

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