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IVES

Wedbush ETFMG Global Cloud Technology ETF

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.

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. 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

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 – 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

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.

Related Funds
Fund Summary
Fund Inception 1
3/08/2016
Ticker
IVES
AUM as of 10/20/2020
$49,431,102
CUSIP
26924G805
ISIN
US26924G8050
Stock Exchange
NYSE
Expense Ratio
0.68%
Security Lending Income
0.79%
Intraday NAV (IIV)
--
NAV Symbol
IVES.NV
Rebalance Frequency
Quarterly
Index Provider
Prime Indexes
No. of Holdings 2
64
Index Ticker
PCLOUD
Fund Documents
Research

Fund Prices

Last Updated 10/20/2020

Fund Name

Wedbush ETFMG Global Cloud Technology ETF

NAV

44.94

Nav Price Change

-0.08

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

0.83

Symbol

IVES

Market Price Close

44.74

Market Price Changes

-0.40

Premium/Discount (%)

-0.44


Month End Performance 2

Last Updated 09/30/2020

NAV% Market Value%
Cumulative    
1 Month -3.04 -3.04
3 Months 5.22 5.28
6 Months 53.73 56.24
YTD 14.29 14.52
Since Inception Cumulative 75.26 75.34
Annual    
1 Year 18.58 18.27
3 Year 6.24 6.22
5 Year - -
Since Inception Annualized 13.08 13.09

Quarter End Performance 2

Last Updated 09/30/2020

NAV% Market Value%
Cumulative    
1 Month -3.04 -3.04
3 Months 5.22 5.28
6 Months 53.73 56.24
YTD 14.29 14.52
Since Inception Cumulative 75.26 75.34
Annual    
1 Year 18.58 18.27
3 Year 6.24 6.22
5 Year - -
Since Inception Annualized 13.08 13.09

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 10/20/2020

Name % Total Assets Ticker Shares Held Market Value USD
ELASTIC N V4.72%ESTC19,540$2,331,122.00
GDS HLDGS LTD4.56%GDS27,497$2,253,104.18
NICE LTD4.38%NICE IT9,102$2,165,971.38
DATADOG INC4.18%DDOG18,500$2,065,710.00
CLOUDFLARE INC4.00%NET33,903$1,975,527.81
ITOCHU TECHNO-SOLU3.99%4739 JP54,715$1,972,179.27
OPEN TEXT CORP3.95%OTEX CN46,795$1,951,979.45
COUPA SOFTWARE INC3.59%COUP5,874$1,773,742.41
KINGSOFT CLOUD HLDGS LTD3.52%KC56,130$1,741,713.90
MONGODB INC3.50%MDB6,528$1,731,486.72

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 1
3/08/2016
Ticker
IVES
AUM as of 10/20/2020
$49,431,102
CUSIP
26924G805
ISIN
US26924G8050
Stock Exchange
NYSE
Expense Ratio
0.68%
Security Lending Income
0.79%
Intraday NAV (IIV)
--
NAV Symbol
IVES.NV
Rebalance Frequency
Quarterly
Index Provider
Prime Indexes
No. of Holdings 2
64
Index Ticker
PCLOUD
Fund Documents
Research

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