IZRL
Overview
Fund Objective
The LIFG Israel Innovative Technology ETF (IZRL) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LIFG 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.
Index Description
The Index 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:
- Health Technology
- Communications
- Technology Services
- Electronic Technology,
- Consumer services
- Producer Manufacturing
Fees
- MANAGEMENT FEE 0.48%
- DISTRIBUTION AND/OR SERVICE (12B-1) FEES 0.00%
- OTHER EXPENSES 0.01%
- ACQUIRED FUND EXPENSES 0.00%
Fund Details
- TICKER IZRL
- NET ASSETS $100.3 Million
- TYPE Indexed Equity ETF
- CUSIP 00214Q609
- ISIN US00214Q6098
- INCEPTION DATE 12/05/2017
- EXPENSE RATIO 0.49%
- TYPICAL NUMBER OF HOLDINGS 76
- WEIGHTED AVG. MLIFGET CAP. $3 Billion
- MEDIAN MLIFGET CAP. $1 Billion
- ADVISOR LIFG Capital LTD
- SALES SERVICES Resolute Investment Distributors, Inc.
- FUND DISTRIBUTOR Foreside Fund Services, LLC
NAV Historical Change
- NAV $22.65
- NAV Change -$0.31 | -1.35%
- Median Bid/Ask Spread (30 Day) 0.67%
- Market Price $22.59
- Market Price Change -$0.34 | -1.48%
- Day’s Trading Volume 9,059 shares
Top 10 Holdings
Exposure Breakdowns
Portfolio holdings and allocations are subject to change and should not be considered investment advice or a recommendation to buy, sell or hold any particular security.
Premium/Discount
Recent Premium/Discount
| NAV | 4PM Mid-Point | Difference | Premium/Discount |
|---|---|---|---|
| $22.65 | $22.60 | -$0.04 | -0.20% |
- Premium: 18
- NAV: 1
- Discount: 33
- Percent of Days ± 0.5% of NAV: 86.54%
- Number of Days ± 0.5% of NAV: 45
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.
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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. Detailed information regarding the specific risks of IZRL ETF can be found in the prospectus. Additional risks of investing in IZRL include equity, market, management, and non-diversification risks, as well as fluctuations in market value and NAV. An investment in an ETF is subject to risks, and you can lose money on your investment in an ETF. There can be no assurance that the ETF will achieve its investment objective. The ETF’s portfolio is more volatile than broad market averages. Shares of IZRL are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. ETF shares may only be redeemed directly with the ETF at NAV by Authorized Participants in very large creation units. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions, and frequent trading may incur brokerage costs that detract significantly from investment returns.
