LUX — Tema Luxury ETF
Data updated: 2025-07-24
LUX — Tema Luxury ETF. Europe Mid Cap Blend / Core Consumer Discretionary Equity · $2.69M AUM. Holdings, fees, performance and SEC filings.
LUX Fund Overview
LUX — Tema Luxury ETF is a US ETF managed by Tema ETF Trust, categorised as Europe Mid Cap Blend / Core Consumer Discretionary Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Tema ETF Trust
- Category: Europe Mid Cap Blend / Core Consumer Discretionary Equity
- Assets under management: $2.69M
- 1-year return: -5.1%
- Ticker: LUX
- SEC CIK: 0001944285
- SEC series ID: S000078301
- Share class ID: C000239061
LUX Investment Objective and Strategy
Tema Luxury ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Tema ETF Trust.
Investment objective
Tema Luxury ETF (the Fund) seeks to provide long-term growth.
Principal investment strategy
Under normal circumstances, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in common and preferred stocks of publicly listed companies that are contained within a recognized global luxury index, such as the S&P 500 Global Luxury Index or other comparable luxury index. Companies in the luxury industry can encompass the following types of providers of luxury goods and services: brand owners, manufacturers, distributors, wholesalers, retailers, technology providers, and online platforms. Products or services deemed of relevance to the luxury industry can include the following categories of luxury goods and services: apparel, leather goods, jewelry, watches, shoes, beauty, eyewear, automobiles, boats, aircrafts, hotels and buildings, food and beverage, furniture, homeware, and art.
In this context luxury goods and services are defined as those having higher quality and craftmanship than the average product and service available to consumers and consequently sold at a premium price point and marketed to relatively high net worth consumers. The Fund generally is expected to consist of more than 15 companies but not more than 100 companies. The number of constituents may change depending on the number of companies available for investment that meet the Funds criteria. To be eligible for inclusion in the Fund, a company must have a market capitalization of at least $100 million and there is no upper limit on the market capitalization of a portfolio company. To be eligible for inclusion in the Fund, a company must have a three-month average daily traded value of at least $500,000.
A significant portion of the Funds assets are expected to be invested in Europe and the United States. The Fund will not engage in currency hedging and is expected to own foreign currency for short periods of time for the purposes of buying and selling non-US listed securities and collecting dividends and/or coupon payments from those securities. The Fund is classified as a non-diversified investment company under the Investment Company Act of 1940, as amended (the 1940 Act), which means that it may invest a high percentage of its assets in a limited number of issuers. The Fund relies on the professional judgment of its Adviser to make decisions about the Funds portfolio investments. The basic investment philosophy of the Adviser is to seek to invest in companies within the aforementioned thematic universe that are attractively valued when compared to their fundamentals and growth opportunities.
The Advisers security selection process for identifying companies within the aforementioned theme uses both top down idea generation (sector, theme, company research) and bottom up security selection (valuation, fundamental, quantitative, qualitative measures) approaches. In practice top down idea generation means fundamental sector research, quantitative tools (for example screening based on metrics such as five-year historic revenue growth, margins, or returns on invested capital) and the Advisers own expertise, are used to narrow down the specific thematic research universe. Once this is defined bottom up security analysis involves the Adviser comparing valuation multiples (such as free cash flow yield, price to book ratio and price to earnings ratio or enterprise value to total invested capital, among others) to fundamental metrics (such as organic revenue growth, margins, returns on invested capital and equity, among others).
Investments are deemed attractively valued when compared to fundamentals if the valuation multiples are below and fundamentals are above either (1) peers (2) the companies own historic averages (3) or prospective forecasts (as determined by the Adviser). Buttressing this is a detailed fundamental research profile of each company assessing business model, competitive edge, management incentives and track record, and balance sheet. The Adviser integrates environmental, social and corporate governance (ESG) considerations into its investment analysis. This is in support of both the objective of maximizing return and the broader analysis of risks associated with individual companies. The Adviser, however, does not use ESG considerations to limit, restrict or otherwise exclude companies or sectors from the Funds investment universe.
ESG factors in this context include, but are not limited to, the impact on or from climate change, natural resource use, waste management practices, human capital management, product safety, supply chain management, corporate governance, business ethics and advocacy for governmental policy. As part of its investment analysis the Adviser will consider the following, which form part of a holistic assessment of each individual investment opportunity that itself determines selection of the highest conviction securities into the portfolio that the Adviser believes represent the best risk reward for investors: ? The Adviser, as part of its company assessment, will look closely at any material non-financial and ESG related risks that might significantly impair the future financial performance of the company.
Such risks will be given equal prominence in analysis to any financial only risks. ESG considerations may not be applicable to all types of instruments or investments. ? Where deemed appropriate the Adviser may engage with companies directly on issues, either through meetings or in written form. This includes but is not limited to improving governance practices, aligning management incentives, and increasing transparency of ESG practices. In making these considerations the Adviser will use both internal and external data sources and analyses including, but not limited to, those provided by companies directly or by third parties. These considerations also inform monitoring of existing positions. The Fund may invest in foreign securities listed on foreign exchanges as well as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs).
The Fund may engage in securities lending.
LUX Holdings
Top 10 holdings of Tema Luxury ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Cie Financiere Richemont SA | 10.40% |
| Hermes International SCA | 10.05% |
| First American Treasury Obliga | 9.38% |
| Ferrari NV | 8.35% |
| LVMH Moet Hennessy Louis Vuitt | 5.19% |
| Brunello Cucinelli SpA | 4.88% |
| Marriott International Inc/MD | 4.32% |
| Hilton Worldwide Holdings Inc | 4.22% |
| L'Oreal SA | 3.90% |
| PRADA SpA | 3.47% |
LUX Portfolio Allocation
Asset-class allocation of Tema Luxury ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 90.1% |
| Cash & Equivalents | 9.4% |
LUX Performance
Total returns for LUX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -5.1% |
| 3 years (annualised) | -3.6% |
LUX Risk Information
Risk metrics for LUX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 17.6%
LUX Costs and Fees
LUX costs about $75 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.75%
- Gross expense ratio: 1.00%
- Portfolio turnover: 40%
- Brokerage commissions: 5.19 bps of average net assets (SEC N-CEN)
LUX Cashflows
Over the 12 months to 2025-05, Tema Luxury ETF had net outflows of $4.89M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-05 | $0 |
| 2025-04 | $0 |
| 2025-03 | $0 |
| 2025-02 | $0 |
| 2025-01 | $0 |
| 2024-12 | $0 |
LUX Debt Constituents
No individual debt constituents are reported in Tema Luxury ETF's latest SEC N-PORT filing.
LUX Prospectus and SEC Filings
Official Tema Luxury ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-06-26
- Prospectus (485BPOS) — filed 2024-06-28
- Prospectus supplement (497) — filed 2024-12-23
- Portfolio holdings (N-PORT) — filed 2025-07-24
- Portfolio holdings (N-PORT) — filed 2025-04-22
- Portfolio holdings (N-PORT) — filed 2025-01-17
- Annual census (N-CEN) — filed 2025-05-13
- Annual census (N-CEN) — filed 2024-04-24
Related Funds
Other Europe Mid Cap Blend / Core Consumer Discretionary Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.