Tech Megatrends ETF Report | May 2026

Equal Weight ETF Key Takeaways

  • ITEK experienced a +16.4% gain in April.[1]
  • Year to Date gains were 6.4% (as of 30.04.2026)[2]
  • Record Tech 1st quarter earnings continue to boost ITEK. The gains are powered by AI, Hyperscalers and Semiconductors.
  • Price to Earnings (P/E) ratio valuations fell in March – helping Tech stocks rebound strongly in April.[3]
  • Global Diversification within the fund helps to limit downside – US 63.6%, China 8.7%, Japan 6.7%, S. Korea 2.9%, Australia 2.2%.[4]
  • Fund’s P/E averaging in the low 20s – which is an attractive valuation level.[5]
  • Top 10 holdings represent only 11.5% weight versus Nasdaq’s narrowness which exceeds 50% for the top 10.[6]
  • The best April themes were Future Cars up +36.0%, AI-Robotics +43.5%, Blockchain +24.5% & Quantum +32.7%.[7]
  • Intel, AMD, Mediatek & Qualcomm were amongst leading performers this month.[8]
  • Year to Date the best themes were Defence Tech up +20.6%, AI-Robotics +40.9% Future Cars +31.7% & Blockchain +11%.[9]
  • We believe Cybersecurity & Cloud remain undervalued and a potential big beneficiary of AI adoption and Corporate Tech budget spend.
  • ITEK is positioned for a potential broad Tech rally, beyond Mega-Caps, partly because sizeable M&A activity is increasing
  • Fast adoption of AI is boosting Cloud Computing, AI & Cybersecurity spend, as data centre build out becomes one of the largest infrastructure build-outs in modern history.[10]
  • There are potential tailwinds for ITEK – end of the Iran war, lower US inflation, Fed rate cuts and weak US$.
  • Equal weight across 10 subthemes (15 leading holdings per theme).
  • Our newest 2 subthemes Quantum Computing & Defence Tech have performed well – see sub themes table below. 140 Total ITEK Holdings now.
  • The fund’s diversified equal weight helps ensure ITEK benefits from Global Tech convergence gains.

Source of all performance data: HANetf; Bloomberg as of 30.04.2026. Past performance is not indicative of future performance and when you invest in ETFs your capital is at risk.

Macro Outlook

  • Trump Presidency is lowering taxes, introducing large fiscal stimulus which Capex benefits from, and is helping to boost Tech M&A.
  • Possible Iran War end could boost markets & reduce inflation.
  • Trump’s fiscal stimulus and push for lower rates could be a tailwind for Tech stocks.
  • Big Tech stock rally in April as investors hoped for an end to the Iran war
  • Almost $3tn spending in AI within decade which could help boost Cloud spending to $3.5tn+.[11]
  • US Economy remains resilient with 178K jobs added in March & 3.5% GDP possible in 2026.[12] [13]
  • AI Convergence across Tech is positive for Cloud, Social Media, Gaming, Future Cars & Cybersecurity.
  • Tech gains broadening beyond Mag7 which benefits from global tech adoption rates.
  • Latest US Trade deals with Japan, India & S. Korea are good for many US Tech leaders.
  • Supreme Court ruled against tariffs, and increased trade number of trade deals helps to limit inflation impact.
  • We believe increased M&A activity thanks to the removal of US anti-trust blockages regarding tech industry.

Subtheme Returns – April

ContributionContribution (%)Average Return (%)Sum of Weight (%)*Count*
AI & Robotics4.53%43.53%11.09%14
Blockchain2.72%24.50%12.58%16
Cloud Computing0.36%3.10%10.31%15
Cyber Security0.58%3.37%10.99%15
Defence1.55%12.58%11.64%15
Digital Entertainment0.28%1.50%9.92%15
Future Cars3.71%35.98%10.81%15
Genomics0.42%3.79%9.79%14
Quantum0.91%32.74%2.94%5
Social Media1.45%12.65%10.73%15
Sum16.52%

*After rebalancing
Source of all data: Solactive. Data as of 30.04.2026. Past performance is no guarantee of future performance.

Largest Contributors – January

HOLDINGSIndex CategoryContribution (%)Return
(%)
INTEL CORPAI & Robotics0.9%114.1%
BLOOM ENERGY CORPFuture Cars0.7%109.1%
MEDIATEKAI & Robotics0.4%75.2%
ADVANCED MICRO DEVICESAI & Robotics0.6%74.3%
SAMSUNG SDI CO LTDFuture Cars0.5%70.3%
MARVELL TECHNOLOGY INCAI & Robotics0.6%66.7%
ON SEMICONDUCTOR CORPORATIONAI & Robotics0.5%62.8%
STMICROELECTRONICS NVFuture Cars0.5%60.9%
IONQ INCQuantum0.3%56.5%
TERAWULF INCBlockchain0.3%50.6%
INFINEON TECHNOLOGIES AGFuture Cars0.3%50.3%
RENESAS ELECTRONICS CORPFuture Cars0.3%49.3%
NXP SEMICONDUCTOR NVFuture Cars0.3%49.1%
GALAXY DIGITAL INCBlockchain0.3%48.7%
REVOLUTION MEDICINES INCGenomics0.4%48.2%
CLEANSPARK INCBlockchain0.3%47.2%
ASTROSCALE HLDG ORDDefence0.3%47.1%
MARA HOLDINGS INCBlockchain0.3%46.9%
TEXAS INSTRUMENTS INCFuture Cars0.3%44.8%
MICROCHIP TECHNOLOGY INCAI & Robotics0.3%43.8%
D-WAVE QUANTUM INCQuantum0.2%40.5%
RIOT PLATFORMS INCBlockchain0.2%39.5%
QUALCOMM INCAI & Robotics0.3%39.4%
ARM HOLDINGS ADRAI & Robotics0.4%39.0%

 Source of all data: Solactive. Data as of 30.04.2026. Past performance is no guarantee of future performance.

Equal Weight ETF Performance
As of 31.08.2026

ITEK (Fund)SOLITEK (Index)
1M5.23%5.28%
3M-11.01%-10.94%
6M14.22%14.59%
YTD12.25%12.76%
12M13.93%14.76%
3Y72.48%75.38%
Since Inception (05/10/2018)149.13%157.62%


Please note that all performance figures are showing net data. Source: Bloomberg / HANetf. Data as of 31.08.2026

Performance before inception is based on back-tested data. Backtesting is the process of evaluating an investment strategy by applying it to historical data to simulate what the performance of such a strategy would have been. Back-tested data does not represent actual performance and should not be interpreted as an indication of actual or future performance. Past performance for the index is in USD. Past performance is not an indicator for future results and should not be the sole factor of consideration when selecting a product. Investors should read the prospectus of the Issuer (“Prospectus”) before investing and should refer to the section of the Prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in this product. When you invest in ETFs your capital is at risk.

[1] Source: Bloomberg. Data as of 30.04.2026

[2] Ibid

[3] https://www.goldmansachs.com/insights/articles/are-technology-stocks-cheap-now

[4] Source: Bloomberg. Data as of 30.04.2026

[5] Ibid

[6] Source: HANetf. Data as of 30.04.2026

[7] Source: Solactive. Data as of 30.04.2026

[8] Ibid

[9] Ibid

[10] https://www.mckinsey.com/industries/technology-media-and-telecommunications/our-insights/the-7-trillion-dollar-data-center-build-out-how-industrials-can-capture-their-share

[11] https://www.deccanherald.com/technology/artificial-intelligence/global-ai-spending-to-nearly-double-to-35-trillion-by-2027-gartner-4008641

[12] https://www.coindesk.com/markets/2026/04/03/u-s-march-jobs-smash-expectations-with-178-000-added

[13] https://www.reuters.com/business/us-economy-can-grow-least-35-2026-bessent-tells-fox-news-2026-02-20/

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