ISRAVanEck Israel ETF
Fund Description
VanEck Israel ETF (ISRATM) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the BlueStar Israel Global IndexTM (BLSNTR), which is comprised of equity securities, which may include depositary receipts, of publicly traded companies that are generally considered by the Index Provider to be Israeli companies.
-
Fund Ticker
ISRA -
Exchange
NYSE Arca -
Inception Date
06/25/2013 -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Index Ticker
BLSNTR -
Index Rebalancing
Semi-Annually
as of 05/31/23
-
30-Day SEC Yield1
1.69 -
Total Net Assets
$54.9M -
Number of Holdings
101 -
Options
Available -
Gross Expense Ratio2
0.64% -
Net Expense Ratio/TER2
0.59% -
Distribution Frequency
Annual -
Next Distribution Date
12/15/2023
Israel – 75 Years of Growth and Innovation
Key Documents and Links
Fund Highlights
- Exposure to a Stable, Growing, and Resilient Economy
Exposure to a vibrant economy that has historically demonstrated consistent GDP growth despite regional geopolitical events.
- Exposure to a Multi-Sector Economy
The index offers broad sector exposure to Israel’s vibrant economy, including information technology, health care, and financials.
- Exposure to Israeli Companies Globally
The underlying index offers a broad and diversified reflection of Israel's globally-oriented economy.
Trading Information
-
Fund Ticker
ISRA -
Index Total Return Ticker
BLSNTR -
NAV
ISRANV -
Intraday NAV (IIV)4
ISRAIV -
Shares Outstanding
1,575,000 -
Estimated Cash
ISRAEU -
Total Cash
ISRATC -
CUSIP
92189F635 -
ISIN
US92189F6354
Fees and Expenses2
-
Management Fee
0.50% -
Other Expenses
0.14% -
Gross Expense Ratio
0.64% -
Fee Waivers and
-0.05%
Expense Reimbursement -
Net Expense Ratio/TER2
0.59%
2 Expenses for ISRA are capped contractually at 0.59% until May 1, 2024. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.
Investment Professionals
Peter Liao, CFA
- Portfolio Manager and Head of Equity ETFs
- Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
- Joined VanEck in 2005
- CFA charterholder; member of the CFA Society New York
- BA, Mathematics and Economics, New York University
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 06/25/13 |
|
---|---|---|---|---|---|---|---|---|
ISRA (NAV) | -2.60 | -7.80 | -1.96 | -16.40 | 4.60 | 4.26 | -- | 4.67 |
ISRA (Share Price) | -2.77 | -7.82 | -2.20 | -16.42 | 4.59 | 4.10 | -- | 4.63 |
BLSNTR (Index) | -2.34 | -7.46 | -1.80 | -16.34 | 4.84 | 4.65 | 4.19 | 5.09 |
Performance Differential (NAV - Index) | -0.26 | -0.34 | -0.16 | -0.06 | -0.24 | -0.39 | -- | -0.42 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 06/25/13 |
|
---|---|---|---|---|---|---|---|---|
ISRA (NAV) | 0.27 | 0.66 | 0.66 | -21.55 | 9.67 | 4.83 | -- | 4.99 |
ISRA (Share Price) | 0.38 | 0.58 | 0.58 | -21.68 | 9.66 | 4.74 | -- | 4.98 |
BLSNTR (Index) | 0.13 | 0.55 | 0.55 | -21.58 | 9.71 | 5.25 | -- | 5.38 |
Performance Differential (NAV - Index) | 0.14 | 0.11 | 0.11 | 0.03 | -0.04 | -0.42 | -- | -0.39 |
Top 10 Holdings (%) as of 04/30/23
Daily HoldingsHolding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
Solaredge Technologies Inc |
SEDG US
|
16,889
|
4,824,005 | 8.48 |
Check Point Software Technologies Ltd |
CHKP US
|
29,474
|
3,753,809 | 6.60 |
Nice Ltd |
NICE US
|
15,998
|
3,263,752 | 5.74 |
Bank Leumi Le-Israel Bm |
LUMI IT
|
409,469
|
3,239,393 | 5.69 |
Bank Hapoalim Bm |
POLI IT
|
336,621
|
2,894,190 | 5.09 |
Teva Pharmaceutical Industries Ltd |
TEVA US
|
328,140
|
2,864,662 | 5.04 |
Amdocs Ltd |
DOX US
|
28,663
|
2,615,499 | 4.60 |
Israel Discount Bank Ltd |
DSCT IT
|
328,097
|
1,627,407 | 2.86 |
Cyberark Software Ltd |
CYBR US
|
11,893
|
1,481,868 | 2.60 |
Tower Semiconductor Ltd |
TSEM US
|
32,378
|
1,457,172 | 2.56 |
Top 10 Total (%) | 49.25 |
Country Weightings (%)
as of 04/30/23
Country | % of Net Assets |
---|---|
● Israel | 68.94 |
● United States | 28.96 |
● Greece | 0.91 |
● United Kingdom | 0.64 |
● Singapore | 0.43 |
● India | 0.12 |
● Other/Cash | 0.00 |
Sector Weightings (%)
as of 04/30/23
Sector | % of Net Assets |
---|---|
● Information Technology | 42.60 |
● Financials | 21.68 |
● Health Care | 9.22 |
● Industrials | 6.03 |
● Real Estate | 4.70 |
● Communication Services | 3.61 |
● Consumer Discretionary | 3.36 |
● Utilities | 2.93 |
● Materials | 2.72 |
● Energy | 2.13 |
● Consumer Staples | 1.03 |
● Other/Cash | 0.00 |