ITEQ
BlueStar Israel Technology ETF
The BlueStar TA-BIGITech Israel Technology ETF tracks an index composed of Israeli technology companies listed globally.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
84.7 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | ETF Managers Group |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 02, 2015 |
| Assets (mns) | $85 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CYBERARK SOFTWARE LTD. | 8.7 % |
| MONDAY.COM LTD. | 7.9 % |
| CHECK POINT SOFTWARE TECH | 7.8 % |
| NICE SYSTEMS LTD-SPONS ADR | 7.1 % |
| AMDOCS LTD | 7.0 % |
| WIX.COM LTD | 6.9 % |
| ELBIT SYSTEMS LTD | 5.2 % |
| SPRINT CORP. | 4.9 % |
| TOWER SEMICONDUCTOR LTD | 3.6 % |
| GLOBAL-E ONLINE LTD. | 3.2 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 473 |
| Wgt avg mkt cap (mns) | $13,586 |
| Large cap (>$10bn) | 50.1% |
| Mid cap ($2-10bn) | 30.6% |
| Small cap (<$2bn) | 19.4% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
ISRAEL | 72.5 % |
 |
UNITED STATES | 24.9 % |
 |
BRITAIN | 1.0 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 4.1% | 30.9% | 3.0% | -11.9% | 3.2% | -- | 7.4% | Volatility | 19.7% | 19.6% | 21.3% | 25.9% | 27.6% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.02 | 62% |
| MSCI EAFE | 0.90 | 50% |
| MSCI Emg Mkts | 0.77 | 36% |
Liquidity Measures
| Avg. volume (000) | 10 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.19% |
| ADV of underlying (mns) | $1,326 |
Technical Indicators
| Recent close | $48.41 |
| 30d moving avg. | $47.88 |
| Annualized volatility | 22.5% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.6% |
| 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
| Ticker | Fund Name | Overlap vs. ITEQ |
Expenses vs. ITEQ |
ALTAR Score™ vs. ITEQ |
|---|---|---|---|---|
| ISRA | VanEck Israel ETF | 50.4% | -16 bp | +7.0% |
| EIS | iShares MSCI Israel ETF | 32.5% | -17 bp | +7.5% |
| IZRL | ARK Israel Innovative Technology ETF | 32.2% | -26 bp | +0.1% |
| BUG | Global X Cybersecurity ETF | 15.1% | -24 bp | +0.8% |
| SPAM | Themes Cybersecurity ETF | 13.7% | -40 bp | +0.7% |
Risk and Returns: ITEQ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 | --% |
Based on closing prices from 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
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 Rating
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.
ALTAR Score™
ITEQ
1.2%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 375 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.6%. ITEQ's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places ITEQ in the 26th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ITEQSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| ITEQ (75 bp) Percentile rank | 87 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ITEQ | 75.0 | 18.9 | 93.9 |
| Peer Avg. | 57.2 | 40.4 | 97.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .