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IVES

Wedbush ETFMG Global Cloud Technology ETF 6

About IVES

IVES is designed for access to the cloud infrastructure and cloud “enabler” companies, expected to drive the next 10 years of an estimated $1 trillion in cloud spending.8 The Fund gives global exposure to companies at the forefront of cloud technology.

  • Today approx. 33% of work loads are managed in the cloud. By 2022, it is estimated to grow to 55% of workloads.8
  • In the next 4 years, approx. 60%-70% of cloud spending will be seen in small to mid-cap infrastructure players.8
  • Gives U.S. investors unrivaled global exposure to the pure-play cloud theme.

About the Fund

The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the “undercover gems” of cloud-based technology. The Fund’s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Dan Ives Global Cloud Technology Prime Index.

About the Index

The Dan Ives Global Cloud Technology Prime Index (the “Index”) is an index of Prime Indexes, a division of Level ETF Ventures LLC. The Index has been created to provide investors with a reference measure that enables them to track both event-driven news and long-term trends of cloud technology companies.

The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud: cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as “Cloud Technology Companies.”

 

Wedbush Securities

Since our founding in 1955, Wedbush has been a leader in the financial services industry, providing our clients, both private and institutional, with a wide range of securities brokerage, wealth management, and investment banking services; Headquartered in Los Angeles, California with 100 registered offices and nearly 900 colleagues, the firm focuses on client service and financial safety, innovation, and the utilization of advanced technology.

For more information, visit www.wedbush.com

Prime Indexes

Prime Indexes creates financial indexes that solve problems for both professional and self-directed investors. Prime Indexes are used as the basis for innovative new investment solutions for investors and use intuitive design principles so that new investment products can ultimately provide low-cost, efficient, and convenient access.

For more information, visit primeindexes.com

Dan Ives – ETFMG Cloud Technology Expert

Dan Ives is a Managing Director and Equity Analyst covering the Technology sector at Wedbush Securities. He is a world renowned software and technology analyst with 20+ years experience educating on cloud computing, cyber security, big data and the mobile landscape.

He spent the first few years of his career as a financial analyst at HBO before becoming a well-known research analyst and Managing Director with FBR Capital Markets, focusing on the enterprise software/hardware sectors. He also served in executive roles at Synchronoss Technologies, a mobile cloud vendor and GBH Insights, a leading market research firm.

Dan is a highly sought after tech expert and regularly makes television appearances on networks such as CNBC, Bloomberg, BBC, CNN, and Fox, to provide commentary related to his technology experience, and is often cited by publications such as The Wall Street Journal, USA Today, Investor’s Business Daily, The Mercury News, Financial Times, and New York Times. He holds a BS in Finance from Penn State University and an MBA from the University of Maryland.

His vision behind the IVES ETF stems from an investor demand for direct global exposure to the “cloud enabler” companies he has been covering for decades. For more information on IVES, visit www.etfmg.com/IVES.

Dan Ives ResearchFollow Dan Ives on Twitter

Related Funds
Fund Summary
Fund Inception 7
3/08/2016
Ticker
IVES
AUM as of 2/27/2021 1
$58,000,811
CUSIP
26924G805
ISIN
US26924G8050
Stock Exchange
NYSE
Expense Ratio
0.68%
Intraday NAV (IIV)
IVES.IV
NAV Symbol
IVES.NV
Rebalance Frequency
Quarterly
Index Provider
Prime Indexes
No. of Holdings 2
67
Index Ticker
PCLOUDN
Income Data
30-Day SEC Yield
as of 2/27/2021 5
-0.15%
Security Lending Income 3
0.64%
Fund Documents
Research

Fund Prices

Last Updated 2/27/2021

Fund Name

Wedbush ETFMG Global Cloud Technology ETF

NAV

52.73

Nav Price Change

0.15

Median Bid/Ask Spread (30 Day) (%) 4

0.71

Symbol

IVES

Market Price Close

52.94

Market Price Changes

0.42

Premium/Discount (%)

0.4


Month End Performance

Last Updated 01/31/2021

NAV% Market Value%
Cumulative    
1 Month 1.95 2.48
3 Months 30.62 31.53
6 Months 26.35 27.00
YTD 1.95 2.48
Since Inception Cumulative 120.89 121.94
Annual    
1 Year 40.19 41.43
3 Year 13.32 13.30
5 Year - -
Since Inception Annualized 17.55 17.66

Quarter End Performance

Last Updated 12/31/2020

NAV% Market Value%
Cumulative    
1 Month 9.08 9.61
3 Months 23.62 23.52
6 Months 30.08 30.04
YTD 41.29 41.46
Since Inception Cumulative 116.65 116.57
Annual    
1 Year 41.29 41.46
3 Year 13.81 13.73
5 Year - -
Since Inception Annualized 17.41 17.40

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Funds may be lower or higher than the performance quoted. All performance is historical and includes reinvestment of dividends and capital gains. Performance data current to the most recent month end may be obtained by calling 1-844-ETF-MGRS (1-844-383-6477).


Top 10 Holdings

Last Updated 2/27/2021

Name % Total Assets Ticker Shares Held Market Value USD
KINGSOFT CLOUD HLDGS LTD5.52%KC54,400$3,203,072.00
SINCH AB4.73%SINCH SS14,660$2,743,140.02
GDS HLDGS LTD4.65%GDS26,372$2,694,163.52
MONGODB INC4.12%MDB6,189$2,388,520.77
ELASTIC N V4.07%ESTC17,580$2,362,576.20
OPEN TEXT CORP4.04%OTEX CN52,583$2,341,980.54
NICE LTD3.98%NICE IT9,909$2,305,678.71
CHINDATA GROUP HLDGS LTD3.72%CD91,133$2,155,295.45
COUPA SOFTWARE INC3.31%COUP5,548$1,921,050.48
ITOCHU TECHNO-SOLU3.15%4739 JP59,521$1,825,917.44

Fund holdings and sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security.

Premium Discount Chart
Related Funds
Fund Summary
Fund Inception 7
3/08/2016
Ticker
IVES
AUM as of 2/27/2021 1
$58,000,811
CUSIP
26924G805
ISIN
US26924G8050
Stock Exchange
NYSE
Expense Ratio
0.68%
Intraday NAV (IIV)
IVES.IV
NAV Symbol
IVES.NV
Rebalance Frequency
Quarterly
Index Provider
Prime Indexes
No. of Holdings 2
67
Index Ticker
PCLOUDN
Income Data
30-Day SEC Yield
as of 2/27/2021 5
-0.15%
Security Lending Income 3
0.64%
Fund Documents
Research

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