Israel ETF, Israel Innovation, Technology ETF, Israeli ETF



“Israel: The Innovation Powerhouse”


Israel is a world leader in the development of innovative products and services and advancements in scientific research that are enhancing every sector of the global economy.


Download additional information on the Israel ETF.


Holdings are subject to change | As of 12/31/2017

The ARK Israeli Innovation Index includes equity securities or depositary receipts of exchange listed companies that are incorporated and/or domiciled in Israel 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.

Ranked 1st in the world for innovation capacity and entrepreneurship, Israel is a world leader in the development of new products and services, technological improvements, and advancements in scientific research.

Index Sectors:

  • Information Technology: 51.8%
  • Health Care: 20.2%
  • Telecommunication Services: 15.2%
  • Industrials: 12.4%
  • Consumer Discretionary 0.4%


As of 12/31/2017
Index Name:ARK Israeli Innovation Index
Index Calculator: Solactive AG
Weighting Method:
Equal Weight
Rebalance: Quarterly
Weighted Avg. Market Cap:$2 Billion
Median Market Cap:$555 Million
# of Holdings:44 (U.S. or Israeli Exchanges)

Following its promotion to developed market status, many portfolios underweight Israel relative to growth and innovation projections as it represents only 0.16% of the MSCI World Index.1





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.


As of 12/31/2017
Fund Type: Indexed Equity ETF
Inception Date:12/05/2017
Primary Exchange:Cboe Global Markets
Expense Ratio: 0.49%
AdvisorARK Investment Management LLC
As identified in the current Fund prospectus, the expense ratio is based on estimated expenses for the current fiscal year.

“Israel is the leading, largest and most promising investment hub outside the United States.”

– Warren Buffett, CEO and Founder Berkshire Hathaway2


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The Premium/Discount chart shows the difference between the daily market price of the Fund’s shares and the Fund’s net asset value (“NAV”). The daily market price is calculated using the mid-point between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund’s NAV is calculated (usually 4:00 pm Eastern time). The vertical axis of the chart shows the premium or discount of the Mid-Point price as a percentage of the NAV. The horizontal axis shows the number of trading days covered by the chart, and each bar in the chart demonstrates how many days the Fund traded within the given premium/discount range. The data presented in the chart and table above represent past performance and cannot be used to predict future results.


The principal risks of investing in ARK’s Index ETFs include equity, market, concentration and non-diversification risks, as well as fluctuations in market value and net asset value (“NAV”). The principal risks of investing in IZRL: Equity Securities Risk. The value of the equity securities the Fund holds may fall due to general market and economic conditions. Foreign Securities Risk. Investments in the securities of foreign issuers involve risks beyond those associated with investments in U.S. securities. Index Tracking Risk. The returns of the ETF may not match the returns of the underlying index that the ETF is designed to track. Information Technology Sector Risk. Information technology companies face intense competition, both domestically and internationally, which may have an adverse effect on profit margins. Innovative Technology Risk. Companies that are developing innovative technologies may not be able to capitalize on the technology and may face political or legal attacks from competitors, industry groups or local and national governments. Israel Risk. Israeli companies may be adversely affected by changes in political climate, government regulation, world events, economic conditions, and exchange rates. The unique characteristics of securities of Israeli companies and the Israel stock market may have a negative impact on the ETF.

Portfolio holdings will change and should not be considered as investment advice or a recommendation to buy, sell or hold any particular security.

[1] Source: ARK Investment Management LLC, as of Dec. 31, 2017
[2] Source: Josh Mandel and Carol Sente, The Washington Times, Aug. 8 2014, “Israel is a strong investment for America”
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