ARK Israel Innovative Technology ETF
IZRL
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- ARK Israel Innovative Technology ETF (IZRL) is an exchange-traded fund that seeks to provide investment results corresponding to the performance of the ARK Israeli Innovation Index, tracking exchange-listed Israeli companies driving disruptive innovation in genomics, health care, biotechnology, industrials, manufacturing, the Internet, and information technology. The ETF holds an equal-weighted portfolio typically comprising 35 to 60 equity securities and depositary receipts of Israeli-domiciled firms across key sectors including health technology, communications, technology services, electronic technology, consumer services, and producer manufacturing; top holdings as of recent data include Gilat Satellite Networks, Aryt Industries Ltd., Tower Semiconductor, Sapiens International Corporation, and TAT Technologies Ltd. Launched on December 5, 2017, and managed by ARK Investment Management LLC with Foreside Fund Services, LLC as distributor, IZRL maintains an expense ratio of 0.49% and is listed on the Cboe BZX Exchange, with headquarters operations aligned to ARK Invest in the United States. IZRL primarily targets investors seeking concentrated exposure to Israel's technology and innovation ecosystem, focusing on small- and micro-cap companies (approximately 67% of assets) alongside mid- and large-cap names, with geographic emphasis on Israeli firms trading on U.S., Israeli, or European exchanges. The fund's sector allocation features prominent weightings in technology services (44.51%), electronic technology (27.63%), and health technology (10.24%), serving institutional and retail investors interested in thematic innovation outside traditional U.S.-centric portfolios. In recent developments, IZRL has sustained steady assets under management around $100-122 million amid Israel's ongoing tech sector resilience, with portfolio adjustments including new positions in entities like RP Optical Lab Ltd. and Orbit Technologies Ltd., reflecting active index rebalancing to capture emerging innovators. No major acquisitions, funding rounds, or structural changes specific to the ETF have been reported in the last 1-2 years; however, ARK Invest's broader passive ETF lineup underwent portfolio manager transitions in 2022, though Cathie Wood remains associated with the overarching strategy, and the fund has shown strong performance with a 40.23% one-year return as of late 2025. The ETF continues to position as a niche alternative to competitors like the BlueStar Israel Technology ETF (ITEQ), benefiting from Israel's status as a global innovation hub despite geopolitical considerations.