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.
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.”
IVES™ Cloud Tech Ecosystem
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 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 www.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.
as of 9/28/2021 5
Last Updated 9/28/2021
Wedbush ETFMG Global Cloud Technology ETF
Nav Price Change
Median Bid/Ask Spread (30 Day) (%) 4
Market Price Close
Market Price Changes
Month End Performance
Last Updated 08/31/2021
|Since Inception Cumulative||122.30||122.09|
|Since Inception Annualized||15.69||15.67|
Quarter End Performance
Last Updated 06/30/2021
|Since Inception Cumulative||115.63||115.83|
|Since Inception Annualized||15.56||15.58|
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 9/28/2021
|Name||% Total Assets||Ticker||Shares Held||Market Value USD|
|ELASTIC N V||4.58%||ESTC||15,800||$2,584,564.00|
|NICE LTD||4.48%||NICE IT||8,748||$2,530,421.13|
|OPEN TEXT CORP||4.30%||OTEX CN||47,163||$2,427,809.46|
|GDS HLDGS LTD||4.28%||GDS||41,862||$2,415,856.02|
|SINCH AB||3.88%||SINCH SS||110,230||$2,192,041.49|
|ITOCHU TECHNO-SOLU||3.57%||4739 JP||58,530||$2,014,275.68|
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
as of 9/28/2021 5