The Wedbush ETFMG Global Cloud Technology ETF (IVES) is an exchange-traded fund designed to invest in global companies involved in developing and delivering cloud computing technologies. The ETF is managed by ETF Managers Group (ETFMG) in partnership with Wedbush and trades under the ticker IVES on the NYSE Arca.

Classified as a thematic equity ETF, the fund invests in companies that provide cloud infrastructure, software, platforms, and cloud-based services. Its strategy is designed to provide exposure to businesses driving digital transformation through cloud computing solutions.

The ETF follows an active management approach, selecting companies based on their long-term growth potential and their role within the global cloud technology ecosystem.

Diversification and sector exposure

IVES provides exposure primarily associated with:

• Cloud computing.

• Software.

• Digital infrastructure.

• Data centers.

• Artificial intelligence.

• Cybersecurity.

• Technology.

• Cloud services.

The portfolio includes companies from multiple countries operating across various segments of the cloud computing industry, including infrastructure providers, enterprise software developers, digital platform operators, hardware manufacturers, and cybersecurity firms.

The ETF's performance generally reflects the continued adoption of cloud services and the broader digital transformation taking place across industries.

Structure and costs

IVES shares trade on the secondary market on the NYSE Arca during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism designed to help keep the ETF's market price aligned with its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. Dividends received from portfolio holdings, when applicable, may be distributed periodically to shareholders according to the fund's distribution policy.

History and evolution of the ETF

The Wedbush ETFMG Global Cloud Technology ETF was launched in 2021 to provide investors with diversified exposure to the global growth of cloud computing. Since inception, the fund has tracked the expansion of digital infrastructure, cloud computing, and Software as a Service (SaaS) solutions across the global economy.

In recent years, accelerating digital transformation, advances in artificial intelligence, rapid data center expansion, growing demand for computing infrastructure, and increasing adoption of cloud-based applications have continued to support the performance of the companies represented in the ETF's portfolio.

Additional Information

Wedbush ETFMG Global Cloud Technology ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $986.14 million.

Over the past 12 months, Wedbush ETFMG Global Cloud Technology ETF recorded a return of 35.48%, with its price trading between $27.12 and $41.73 during the same period.

The ETF is traded under the ticker IVES.