LENS ETF — Sarmaya Thematic ETF

Sarmaya Thematic ETF (LENS)

Updated October 16, 2026.

LENS is an ETF. its trailing-12-month yield is 1.40%, its expense ratio is 0.79%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 77.9% over the past 1.7 years, 48.6 points ahead of SPY at 29.3%.

Sarmaya Thematic ETF is an actively managed fund that invests primarily in domestic and foreign equities of companies aligned with emerging or prevailing market themes—sectors, asset classes, or regions positioned for growth across market cycles. The fund carries a modest current distribution rate, makes annual distributions (with the latest being a special one-time payout that may not recur regularly), and has an expense ratio of 0.79%. It appeals to investors seeking thematic exposure with active management, though the non-diversified structure carries concentrated risk.

LENS performance versus SPY

Price and return data through 2026-10-16.

Total return is 77.9% over the past 1.7 years, 48.6 points ahead of SPY at 29.3%. Over the past year its total return — price change plus distributions reinvested — is 21.8%. Its deepest 1-year drawdown was 24.6%.

LENS key facts

Distribution Safety Score™

50 · Unproven

Issuer

Sarmaya Partners

Asset type

ETF

Asset class

Equity

Inception date

01/28/2025

Expense ratio

0.79%

Distribution frequency

Annual

Trailing yield

1.40%

Last close

$44.00 (as of 2026-10-16)

AUM

$62,431,589

Average volume

20305.0

Dividend

$0.618

Ex-dividend date

12/23/2025

Payment date

12/24/2025

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.40%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Sarmaya Partners; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

LENS risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 24.6%.

Who may consider LENS — and who may not

It is a weaker fit for investors who need monthly cash flow (LENS pays annual). This is educational context, not a recommendation to buy or sell.

More on LENS

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Frequently asked questions

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