Effective April 6, 2020, the Fund name of the ETFMG Drone Economy Strategy ETF (IFLY) has changed to the Wedbush ETFMG Global Cloud Technology ETF (IVES), and the Fund’s underlying index has changed to the Dan Ives Global Cloud Technology Prime Index.
IVES is designed for direct access to the cloud infrastructure and cloud “enabler” companies, expected to drive the next 10 years of an estimated $1 trillion in cloud spending. 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.1
- In the next 4 years, approx. 60%-70% of cloud spending will be seen in small to mid-cap infrastructure players.1
- 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.”
1. Estimates based on research from the Wedbush Securities company report on March 29, 2020: “COVID-19 Playbook for Tech Investors; Stick With Cloud Themes in the Dark Storm”: https://wedbush.bluematrix.com/docs/html/14c67aff-fd92-4f96-9700-78561e37de97.html
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 primeindexes.com
Dan Ives – 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.
Advisor Webinar: IVES
Join Dan Ives of Wedbush Securities and Kris Monaco of Prime Indexes to learn how to access the next $1T in cloud spending with the IVES ETF, designed for direct access to the cloud infrastructure and “enabler” companies.
Last Updated 8/8/2020
Wedbush ETFMG Global Cloud Technology ETF
Market Price Changes
Market Price Close
Nav Price Change
Month End Performance 2
Last Updated 07/31/2020
|Since Inception Cumulative||74.82||74.76|
|Since Inception Annualized||13.55||13.54|
Quarter End Performance 2
Last Updated 06/30/2020
|Since Inception Cumulative||66.56||66.55|
|Since Inception Annualized||12.56||12.56|
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).
2 On April 6, 2020, the Fund's investment objective and principal investment strategies were substantially revised; therefore, the performance and average annual total returns shown for periods prior to that date were achieved under the Fund's prior investment objective and principal investment strategies and would have differed if the Fund’s current investment objective and principal investment strategies had been in effect during those periods.
Top 10 Holdings
Last Updated 8/8/2020
|Name||% Total Assets||Ticker||Shares Held||Market Value USD|
|GDS HLDGS LTD||4.91%||GDS||27,493||$2,213,461.43|
|KINGSOFT CLOUD HLDGS LTD||4.72%||KC||63,683||$2,130,833.18|
|NICE LTD||4.60%||NICE IT||9,320||$2,075,055.45|
|OPEN TEXT CORP||4.31%||OTEX CN||42,399||$1,941,788.96|
|ELASTIC N V||4.21%||ESTC||22,231||$1,897,415.85|
|ITOCHU TECHNO-SOLU||4.19%||4739 JP||49,837||$1,890,936.67|
|COUPA SOFTWARE INC||3.86%||COUP||6,020||$1,741,646.20|
|SCSK CORP||3.72%||9719 JP||31,924||$1,678,307.50|
|SINCH AB||3.35%||SINCH SS||17,480||$1,509,633.64|
Fund holdings and sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security.