ITEQ: Amplify BlueStar Israel Technology ETF
What this ETF is trying to do
The Amplify BlueStar Israel Technology ETF (ITEQ) is an exchange-traded fund designed to provide exposure to the technology sector, specifically focusing on companies related to Israel. It holds a variety of different companies within this space.
What the numbers show
The data shows how the share price and total value of the ETF have moved over different periods. It is important to note that "price return" only tracks the change in the share price, while "total return" includes the impact of distributions.
• Year-to-Date (YTD): The YTD price return is approximately 8.97%. The YTD total return is also approximately 8.97%.
• One-Year: The one-year price return is approximately 6.41%. When including distributions, the one-year total return is approximately 7.30%.
• Three-Year: The three-year price return is approximately 54.58%. The three-year total return is approximately 55.90%.
• Five-Year: The five-year total return is approximately -1.58%.
Based on an estimated price from roughly one year ago of $59.44, the current price is $63.25.
Top Holdings
The following are some of the top holdings in this ETF (note that this is a partial list):
• Palo Alto Networks Inc (10.79%)
• Elbit Systems Ltd (6.69%)
• Tower Semiconductor Ltd (6.63%)
• JFrog Ltd Ordinary Shares (3.86%)
• Check Point Software Technologies Ltd (3.54%)
• SentinelOne Inc Class A (3.28%)
• NICE Ltd ADR (3.02%)
• Nova Ltd (2.67%)
Holdings can change over time.
Income and distribution explanation
ITEQ provides a distribution yield of approximately 0.78%. The trailing distributions over the last year were approximately $0.49 per share.
The distribution frequency is described as "irregular" or "less frequent," with only one payout recorded in the last 12 months. Because the frequency is irregular, investors should not rely on this for steady, predictable income.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, the fund's erosion-risk score is 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.
Pros
• The ETF has shown significant positive price returns over the last three years.
• The erosion-risk score suggests there has been no recent detected price erosion.
Cons
• The distribution frequency is irregular, meaning it does not pay out cash on a regular schedule.
• The five-year total return is negative, showing long-term price fluctuations.
Beginner takeaway
ITEQ focuses on the Israeli technology sector. While it has seen strong growth over the last three years, its distributions are infrequent. When looking at this ETF, it is important to distinguish between the share price movement (price return) and the overall performance including distributions (total return).
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | PALO ALTO NETWORKS INC | PANW | 10.79% |
| 2 | ELBIT SYSTEMS LTD | n/a | 6.69% |
| 3 | TOWER SEMICONDUCTOR LTD | n/a | 6.63% |
| 4 | JFROG LTD ORDINARY SHARES | FROG | 3.86% |
| 5 | CHECK POINT SOFTWARE TECHNOLOGIES LTD | CHKP | 3.54% |
| 6 | SENTINELONE INC CLASS A | S | 3.28% |
| 7 | NICE LTD ADR | NICE | 3.02% |
| 8 | NOVA LTD | NVMI | 2.67% |
| 9 | GLOBAL E ONLINE LTD | GLBE | 2.45% |
| 10 | VARONIS SYSTEMS INC | VRNS | 2.44% |