IZRL vs. ITEQ ETF Comparison

Comparison of ARK Israel Innovative Technology ETF (IZRL) to BlueStar TA-BIGITech Israel Technology ETF (ITEQ)

IZRL

ARK Israel Innovative Technology ETF

IZRL Description

The ARK Israel Innovative Technology ETF (IZRL) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the ARK Israeli Innovation Index, which is designed to track the price movements of exchange-listed Israeli companies whose main business operations are causing disruptive innovation in the areas of genomics, health care, biotechnology, industrials, manufacturing, the Internet or information technology. The Index includes equity securities and depositary receipts of exchange listed companies that are incorporated and/or domiciled in Israel (‘‘Israeli Companies’’) and are included in one of the following economic sectors as defined by FactSet Research Systems: (i) health technology, (ii) communications, (iii) technology services, (iv) electronic technology, (v) consumer services, or (vi) producer manufacturing.

Grade (RS Rating)

Last Trade

$19.31

Average Daily Volume

32,267

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ITEQ

BlueStar TA-BIGITech Israel Technology ETF

ITEQ Description

The investment seeks to provide investment results that correspond generally to the total return performance of the TASE-BlueStar Israel Global Technology Index™ ("TA-BIGITech™"). The fund will invest at least 80% of its total assets in the component securities of the index and in depositary receipts representing such securities. As a result, normally the fund will invest at least 80% of its total assets in Israeli technology companies. TA-BIGITech™ was created in 2013 by BlueStar Global Investors LLC d/b/a BlueStar Indexes® and the ISE and tracks the performance of exchange-listed Israeli technology operating companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$44.45

Average Daily Volume

6,482

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IZRL	ITEQ
30 Days	-8.12%	-6.91%
60 Days	-6.51%	-6.17%
90 Days	-0.80%	-2.95%
12 Months	13.23%	1.76%

21 Overlapping Holdings

Symbol	Grade	Weight in IZRL	Weight in ITEQ	Overlap
AUDC	F	2.05%	0.34%	0.34%
CGNT	C	2.42%	0.52%	0.52%
CHKP	C	2.14%	7.85%	2.14%
CLBT	C	2.68%	0.77%	0.77%
CYBR	C	2.29%	8.61%	2.29%
FROG	C	2.44%	3.4%	2.44%
FVRR	D	1.7%	0.79%	0.79%
INMD	F	1.63%	1.52%	1.52%
MGIC	B	2.29%	0.44%	0.44%
MNDY	C	2.11%	4.61%	2.11%
NGMS	A	2.17%	0.56%	0.56%
NICE	C	2.37%	8.39%	2.37%
NNOX	D	3.52%	0.76%	0.76%
PLTK	D	1.95%	0.62%	0.62%
RDWR	C	2.04%	0.55%	0.55%
RSKD	B	2.44%	0.63%	0.63%
SPNS	A	2.37%	1.05%	1.05%
SSYS	F	1.59%	0.64%	0.64%
URGN	F	2.18%	0.59%	0.59%
WIX	D	2.15%	5.74%	2.15%
WKME	F	1.57%	0.33%	0.33%

IZRL Overweight 6 Positions Relative to ITEQ

Symbol	Grade	Weight
SMWB	C	2.94%
TEVA	D	2.52%
ITRN	D	2.13%
TARO	A	2.09%
CRNT	D	0.01%
GMDA	F	0.0%

IZRL Underweight 13 Positions Relative to ITEQ

Symbol	Grade	Weight
DOX	D	-7.18%
S	C	-4.11%
SEDG	F	-3.18%
GLBE	F	-2.91%
ORA	C	-2.56%
LMND	B	-0.88%
KRNT	D	-0.76%
NNDM	D	-0.72%
NVCR	F	-0.71%
VPG	F	-0.52%
CEVA	F	-0.48%
INVZ	F	-0.28%
LPSN	F	-0.08%