Amplify BlueStar Israel Technology ETFITEQ

The Amplify BlueStar Israel Technology ETF (ITEQ) is a fee-paying wrapper around a quarterly-updated index that is 60% software, 25% semiconductors, and 15% ‘other technology’, a category that could plausibly include the world’s only kosher blockchain consultancy. The ETF’s expense ratio is 0.65%, a figure that only becomes funny when you picture the marketing brochure: a sunrise over Tel Aviv, a robot handshake, and a tiny asterisk that says ‘fees apply’. (source: FINRA Fund Analyzer, https://tools.finra.org/fund_analyzer/)

The fund’s top holding is Check Point Software at 17%, which is less ‘start-up nation’ and more ‘one big cybersecurity landlord with a rent roll of firewall licences’. The second-largest position is Nice Ltd, a company whose name suggests calmness but whose business is surveillance software, proving that Israeli tech is just as likely to optimise your anxiety as your algorithm. On a typical day the ITEQ market screen settles around 15,000 shares in the closing auction, a figure so modest it could disappear into the bid-ask spread of any mid-cap tech stock in California. (source: Nasdaq market activity page, https://www.nasdaq.com/market-activity/etf/iteq)

If you want to know what the BlueStar Israel Technology Index actually measures, the answer is tucked inside SEC filings where the index’s composition is updated quarterly like a restaurant menu that changes faster than the chef’s mood. The latest N-PORT filing shows the index is rebalanced each quarter and the ETF tracks it with a 0.65% fee. The issuer markets this as ‘pure-play Israel tech exposure’, which is technically true if you ignore the fact that a third of the index’s revenues come from customers outside Israel and the ‘Israel’ label is really a domicile nod rather than a supply-chain badge. (source: SEC EDGAR fund search, https://www.sec.gov/edgar/search/#/q=ITEQ)

The ITEQ wrapper is the classic ETF trick: take a narrow regional basket, slap on a fee, and sell it as a ‘theme park’ for investors who want to feel clever without doing the homework. The fund’s tracking method is straightforward-full replication of the BlueStar Israel Technology Index-and its liquidity is thin enough that large orders would likely move the price before they’re filled. (source: Nasdaq market activity page, https://www.nasdaq.com/market-activity/etf/iteq)

What changed this week: the Nasdaq screen shows routine closing auctions and no named corporate developments inside the index constituents. What remains unproven: the degree to which the index’s ‘Israel tech’ label aligns with on-the-ground supply chains, R&D locations, or customer concentrations. A deeper file would include the index’s geographic revenue breakdown, customer concentration by sector, and the actual filing period for the latest N-PORT so readers can audit the quarterly update themselves.