ITEQ

BlueStar Israel Technology ETF

The BlueStar TA-BIGITech Israel Technology ETF tracks an index composed of Israeli technology companies listed globally.


Rules-Based, Concentrated

MANAGEMENT MATRIX

ISRA

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorETF Managers Group
CategoryGlobal Equities
Asset classEquity
Websitelink...
Inception dateNov 02, 2015
Assets (mns)$116
Expense ratio75 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionCommittee
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
NICE SYSTEMS LTD-SPONS ADR 7.7 %
AMDOCS LTD 7.4 %
CHECK POINT SOFTWARE TECH 7.3 %
SOLAREDGE TECHNOLOGIES, INC. 6.9 %
CYBERARK SOFTWARE LTD. 5.8 %
SPRINT CORP. 4.2 %
TOWER SEMICONDUCTOR LTD 4.1 %
ELBIT SYSTEMS LTD 4.1 %
WIX.COM LTD 3.3 %
NOVOCURE LIMITED 3.2 %
Constituent Breakdown
Number of holdings63
Herfindahl-Hirschman Index 380
Wgt avg mkt cap (mns)$4,570
Large cap (>$10bn)23.7%
Mid cap ($2-10bn)38.4%
Small cap (<$2bn)27.2%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
ISRAEL 61.7 %
UNITED STATES 31.8 %
BRITAIN 3.2 %
Historical Performance


Standardized Annual Returns (as of 08/31/2022)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-23.5% -29.9% -7.2% 5.5% 10.2% -- 10.5%
Market Correlations
versus...BetaR-squared
S&P 5001.0360%
MSCI EAFE0.9649%
MSCI Emg Mkts0.9248%
Liquidity Measures
Avg. volume (000)14
Turnover0.5%
Avg. Bid/Ask (% of price)0.16%
ADV of underlying (mns)$1,150
Technical Indicators
Recent close$43.75
30d moving avg.$47.47
Annualized volatility25.7%
Relative strength (RSI)32
Short interest (ETF)0.1%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Comparable ETFs Based on Overlap
Risk and Returns: ITEQ vs. Comps (1 YR)

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Results & Estimates
  2017 2018 2019 2020 2021 2022E 2023E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2021 2022E Fwd Est 2023E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
2.7 29.3 4.1 3.2% --
Based on closing prices from 9/30/2022
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
ITEQ



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

ITEQ

1.1%

Cat. Avg

4.7%

Fund Category: Global Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™1.1%
Recommendation

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

Category Overview
There are 324 funds in the Global Equities category, with an average ALTAR Score™ of 4.7% and a standard deviation of 5.0%. ITEQ's ALTAR Score™ is approximately 0.7 standard deviations below the category average. This places ITEQ in the 24th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
ITEQ
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Today's Trading

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
ITEQ 75.0 15.8 90.8
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.