Core Insights - BANK Hapoalim BM has established a new position in First Trust Capital Strength ETF (FTCS), acquiring 159,000 shares valued at $14.71 million as of February 17, 2026 [1][2] Group 1: Investment Position - FTCS now represents 1.28% of BANK Hapoalim BM's 13F reportable assets under management (AUM) [2] - As of February 13, 2026, FTCS shares were priced at $97.69, reflecting a 9.2% increase over the past year, although it underperformed the S&P 500 by 2.6 percentage points [2] Group 2: ETF Overview - First Trust Capital Strength ETF has an AUM of $8.45 billion and a dividend yield of 0.97% [3] - The ETF's market capitalization is $8.28 billion, focusing on financially robust U.S. companies [4] Group 3: Investment Strategy - The ETF's investment strategy emphasizes tracking an index of well-capitalized companies, aiming for stability and performance over time [5] - The portfolio consists primarily of U.S. common stocks and REITs, with at least 90% of assets allocated to index constituents [5] Group 4: Investor Implications - The ETF allows equity investors to maintain stock market exposure while limiting risks associated with companies with weaker balance sheets [6] - FTCS selects U.S. companies based on financial metrics such as return on equity and cash-flow strength, aiming to reduce vulnerability during economic downturns [6] Group 5: Portfolio Construction - Unlike traditional index funds, FTCS screens for financial strength before portfolio construction, favoring companies with stronger profitability and balance sheets [8] - The portfolio employs a volatility-adjusted approach, emphasizing companies with stable operating profiles [8]