Amplify BlueStar Israel Technology ETF

Amplify BlueStar Israel Technology ETF (ITEQ) is an index fund that tracks the BlueStar Israel Global Technology Index. As of June 30, 2026, it held 58 Israel-linked technology, defense and clean energy stocks, led by Palo Alto Networks, Tower Semiconductor and Elbit Systems. Its 0.75% expense ratio is the highest of the four Israel funds compared, whose other three average 0.56%. Its swings have been large: it lost 30.3% in 2022.

• Over the year to Oct 27, 2026, ITEQ returned +5.9%, 3rd of 4 among similar funds.
• Its 5-year annualized return was -1.9% and its 10-year +10.2%.
• In the 2020 COVID crash it fell 36.5% and regained its old high 2.5 months after the low.
• Its worst full calendar year was 2022 (-30.4%); its best was 2020 (+59.9%).
• The deepest fall in its price history was 54.6% (Feb 12, 2021 to Oct 27, 2023), not yet recovered.

As of Jun 30, 2026, the fund held 58 securities; the ten largest made up 42.09% of assets. It also reported 5.37% in a money-market fund, most likely cash collateral from lending out shares rather than uninvested money.

• Over the three months to Jun 30, 2026, investors withdrew a net $3.1M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +7.14%, +11.07%, -3.02%.

ITEQ tracks the BlueStar Israel Global Technology Index. BlueStar Indexes created the index, MarketVector maintains it and S&P Dow Jones Indices calculates it. To qualify, a company must work in information technology, biotechnology (including medical devices), defense and security technology, clean energy or water technology. It must also have ties to Israel. One strong link is enough, such as being incorporated or headquartered there. Otherwise it needs two weaker links, such as an Israeli research center or being founded in Israel. That is how companies classed as US-based can get in. Palo Alto Networks was the largest holding, at 9.2% as of June 30, 2026.

Stocks must also pass size and trading screens. These include a market value of at least $150 million and a free float of at least 10%. Free float means the shares available to outside investors. Holdings are weighted by float-adjusted market value. Each stock is capped at 7.5%, and stocks weighing 5% or more can total no more than 50%. The index rebalances on the second Friday of June and December. Weights drift between those dates, so a stock can rise above the cap.

Amplify, with sub-adviser Tidal Investments, aims to hold every stock in the index in the same proportions, though it may hold a sample instead. It makes no defensive moves when markets fall. It is non-diversified, so a few stocks can sway results.

• ITEQ charges 0.75% a year, versus an average of 0.56% for the similar funds below (4th of 4, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $77 in the first year and $930 over 10 years (assuming a 5% annual return).

It is a narrow, volatile bet on Israel-linked technology companies, with costs above similar funds and very little income.

ITEQ could be a small add-on to a diversified core. It adds targeted exposure to Israel-linked tech, defense and clean energy stocks. It launched in 2015, so it has no record from 2008. In the 2020 COVID crash it fell 36.5% but recovered in about 2.5 months. In the 2022 bear market it fell 33.2% and took about 39.5 months to recover, until January 2026. Its worst calendar year was 2022, when it lost 30.3%. Its deepest drop was 54.6%, from February 2021 to October 2023. It had not regained that February 2021 peak as of October 27, 2026. Anyone who has to sell shares in a slump could lock in steep losses.

It is not built for income. Its trailing 12-month yield was 0.78% as of October 27, 2026, paid once a year. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.