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LAZR
Tema Photonics & Optical ETF
Invest in Photonics—Moving Data Faster for AI.
Why Invest in LAZR?
Light Accelerates AI
As copper-based connections reach their physical limits, AI infrastructure is turning to light-based photonic and optical technologies that can move data faster and unlock high capacity.
High Growth Potential
The market opportunity tied to advanced AI data movement is forecast to grow roughly 9x between 2026 and 2028.
Source: Goldman Sachs, 2026
Investment Expertise
LAZR is actively managed by a semiconductor-focused team delivering pure-play exposure to companies at the leading edge of photonic and optical technologies.
Portfolio Highlights
Lumentum is a leading manufacturer of optical and photonic products whose lasers and transceivers are critical enablers of high-speed communication inside and between data centers.
AXT is a manufacturer of compound semiconductor substrates that serve as the foundational material on which advanced optical, wireless, and power devices are built.
Aixtron is a German manufacturer of MOCVD deposition equipment—the specialized reactors used at the heart of compound semiconductor devices, including the lasers used in photonic devices.
Portfolio Holdings are subject to change. Review current holdings below.
Fund Overview
Fund Details
As of October 01, 2024
Ticker
LAZR
CUSIP
87975E743
Inception Date
06/30/26
Total Expense Ratio
0.75%
Primary Exchange
NYSE
Portfolio Manager
Hong Yi Chen, CFA
Fund Summary
The Tema Photonics & Optical ETF (LAZR) invests in companies enabling faster data movement between the chips, servers, and data centers powering AI. LAZR offers pure-play exposure to innovators in silicon photonics and optical technology through a high-conviction, actively managed portfolio.
Portfolio Breakdown
Top 10 Holdings
As of October 01, 2024
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- Oct 01, 2024
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Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance data quoted. For most recent month-end performance, please email info@temaetfs.com. Returns for periods of less than one year are not annualized.
The 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 current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. The first trading date is typically several days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the first trade date because there is no bid/ask spread until the fund starts trading.
Distributions
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As of October 01, 2024
Portfolio Manager
Hong Yi Chen, CFA
Hong Yi Chen is an Investment Partner at Tema ETFs. Hong has 15 years of investment experience, primarily at Majedie Asset Management and Liontrust Asset Management, where he managed US and global funds with over $1 billion in assets under management. He also has experience as a long/short equity analyst. Hong holds a degree in Economics from Cambridge University and is a CFA charter holder.
How to buy
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*Neither Tema ETFs LLC nor undefined ETF are affiliated with these financial services firms. Their listing should not be viewed as a recommendation or endorsement.
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Risk Information
The Fund's registration statement is not yet effective and shares of the funds may not be sold until the registration statement filed with the SEC is effective. This is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted. An investor should consider the investment objective, risks, and charges and expenses of the funds carefully before investing. A preliminary prospectus which contains this and other information about the Fund may be obtained by writing the Fund c/o U.S. Bank Global Fund Services, P.O. Box 701, Milwaukee, Wisconsin 53201-0701, or by telephoning toll free (332) 900-1687. The information in the preliminary prospectus is not complete and may be changed. The final prospectus should be read carefully before investing, and when available may be obtained from the same source.
Investing involves risk including possible loss of principal. There is no guarantee the fund's investment strategy will be successful.
Sector Focus Risk: The Fund may invest a significant portion of its assets in one or more sectors and thus will be more susceptible to the risks affecting those sectors than funds that have more diversified holdings across a number of sectors. The Fund anticipates that it may be subject to some or all of the risks described below.
Optical and Photonic Companies Risk: The Fund invests in Optical and Photonic Companies, which may have limited product lines, markets, financial resources or personnel and are subject to the risks of changes in business cycles, world economic growth, technological progress and government regulation. These companies are also heavily dependent on intellectual property rights, and challenges to or misappropriation of such rights could have a material adverse effect on such companies. Securities of Optical and Photonic Companies tend to be more volatile than securities of companies that rely less heavily on technology. Optical and Photonic Companies typically engage in significant amounts of spending on research and development, and rapid changes to the field could have a material adverse effect on a company’s operating results. Additionally, the development, design, manufacturing, and commercialization of optical and photonic technologies, as well as related subsystems, equipment, materials, and services, are complex and evolving, and may face unforeseen technical challenges (including integration, signal integrity, and manufacturing yield issues), supply chain disruptions, intense competition and pricing volatility, regulatory developments (including export controls on photonic and semiconductor technologies), and market acceptance uncertainties. The commercial adoption of optical interconnect and photonic technologies, including within data center and telecommunications infrastructure, is subject to the pace of broader industry transitions and capital expenditure cycles, which may be slower or more uneven than anticipated. As a result, investments in Optical and Photonic Companies may be subject to higher levels of risk and volatility.
Information Technology Sector Risk: Information technology companies face intense competition, both domestically and internationally, which may have an adverse effect on their profit margins. Like other technology companies, information technology companies may have limited product lines, markets, financial resources or personnel. Companies in the information technology sector are heavily dependent on patent and intellectual property rights. The loss or impairment of any of these rights may adversely affect the profitability of these companies or the Fund’s performance.
Tema ETFs LLC serves as the investment adviser to Tema Photonics & Optical ETF (the “Fund”), and Tidal Investments LLC serves as a sub-adviser to the Fund. The Fund is distributed by Vigilant Distributors, LLC, which is not affiliated with Tema ETFs LLC nor Tidal Investments LLC. Check the background of Vigilant Distributors, LLC on FINRA’s BrokerCheck.